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Meeting Date:
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Category:
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Type:
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Subject:
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Approval of the Resolution Designating Depositories |
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Vision 2026:
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Financial & Facilities Management 1 Continue to ensure a balanced budget that builds and maintains a fund balance that meets Board policy.
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Background:
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Each year, the Chief Financial Officer, Dr. Brian K. O'Keeffe, presents to the Board of Education a recommendation to approve the financial institutions the District uses to hold funds. |
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File Attachment:
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Summary:
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The District currently conducts business with the following institutions: Citibank, Fifth Third Securities and its custodian, National Financial Services, JP Morgan Chase Bank, PMA Financial Network, Inc., Illinois School District Liquid Asset Fund (ISDLAF+) at Harris Bank, PFM Asset Management, LLC, Illinois Funds, ArbiterSports and Wheaton Bank and Trust.
There are no changes in the institutions that are recommended for the 2022-23 fiscal year compared to the 2021-22 fiscal year. |
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Funding:
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Recommendation
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It is recommended that the resolution designating depositories be approved by the Board of Education as presented. |
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Approvals:
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Recommended By: |
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Signed By: |
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Brian O'Keeffe - Asst Superintendent Business Services |
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Signed By: |
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Jeff Schuler - Superintendent |
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Vote Results:
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| Original Motion | | Member Dave Long Moved, Member Rob Hanlon seconded to approve the Original motion 'It is recommended that the resolution designating depositories be approved by the Board of Education as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Brad Paulsen | Yes | | Chris Crabtree | Yes | | Rob Hanlon | Yes | | Susan Booton | Yes | | Dave Long | Yes | | Mary Yeboah | Yes | | Angela Blatner | Yes | |
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