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Meeting Date:
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5/8/2024 - 7:00 PM
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Category:
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Consent Agenda Items
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Type:
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Action
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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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Operational Excellence Strategies 2 Maintain strong fiscal health of the organization.
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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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Community Unit School District 200 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 2024-2025 fiscal year compared to the 2023-2024 fiscal year.
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Funding:
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None
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Board Policy
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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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Jordan Thorse - Treasurer
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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 Brad Paulsen Moved, Member John Rutledge 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 | | Rob Hanlon | Yes | | Dave Long | Yes | | Angela Blatner | Yes | | Julie Kulovits | Yes | | Erik Hjerpe | Yes | | John Rutledge | Yes | |
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