Agenda Item
Meeting Date:
5/8/2024 - 7:00 PM  
Category:
Consent Agenda Items  
Type:
Action  
Subject:
Approval of Resolution Appointing Treasurer, Approving the Treasurer's Bond and Special Issue Bond for Lease Certificates  
Vision 2026:
Operational Excellence Strategies 2
Maintain strong fiscal health of the organization.
 
Policy:
 
Background:
Each year the administration presents to the Board of Education a recommendation to appoint the Treasurer and approve the amount of the Treasurer's Bond coverage.  
File Attachment:
Treasurer Bond Calculation Form FY25 - CUSD 200.pdf
FY25 Resolution.pdf
 
Summary:
The attached resolution recommends that Mr. Jordan Thorse be appointed as Treasurer for the fiscal year July 1, 2024 through June 30, 2025 and recommends setting of the amount of bond coverage to be obtained for the Treasurer's Bond at $12,489,111.83 and the Special Issue Bond for Lease Certificates at $1,021,000.00. The amount of coverage is determined by Illinois School Code. The district is required to carry 10% of the amount of all bonds, notes, and moneys held in custody at any one time.  
Funding:
None  
Board Policy:
 
Recommendation
It is recommended that the Resolution appointing the Treasurer and approving the Treasurer's Bond and Special Issue Bond for Lease Certificates be approved as presented.  
Approvals:
Recommended By:
Signed By:
Jordan Thorse - Treasurer
Signed By:  
Brian O'Keeffe - Asst Superintendent Business Services
Signed By:  
Jeff Schuler - Superintendent
 
Vote Results:

Original Motion
Member Brad Paulsen Moved, Member John Rutledge seconded to approve the Original motion 'It is recommended that the Resolution appointing the Treasurer and approving the Treasurer's Bond and Special Issue Bond for Lease Certificates be approved as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Brad Paulsen     Yes
Rob Hanlon     Yes
Dave Long     Yes
Angela Blatner     Yes
Julie Kulovits     Yes
Erik Hjerpe     Yes
John Rutledge     Yes