Review Agenda Item
Meeting Date: 1/13/2021 - 7:00 PM
Category: Policy Posting Consent Agenda*
Type: Action
Subject: Approval of Revised Board Policy 4:20 Fund Balances
Vision 2022:
Policy:
Background The revision to this policy is to clarify that the recognition in the audit of the revenue associated with the on-behalf made by the State of Illinois relative to pension contributions is not used in the calculation of fund balance percentage. The change to this policy was reviewed by the Board of Education Finance Committee prior to recommendation for approval. There were no comments received from the public.
File Attachment:
Policy-420 edited.pdf
Summary:
Funding:
Board Policy 2:20 Powers and Duties of the Board of Education
Recommendation: It is recommended that revised policy 4:20 be approved as presented.
Approvals:
Recommended By:
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Susan Booton Moved, Member Dave Long seconded to approve the Original motion 'It is recommended that revised policy 4:20 be approved as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0.
The motion Carried 6 - 0
   
Brad Paulsen     Yes
Chris Crabtree     Yes
Rob Hanlon     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes