November 1, 2021 at 6:00 PM - Finance Committee Meeting
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I. Call to Order
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II. Discussion Items
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II.A. Discussion of FY2021 Audit
Description:
The Committee was provided with a copy of the FY2021 Audit as performed by our new auditor, Baker Tilly. We will review the final audit and Annual Financial Report (AFR) with firm partner, Mr. Nick Cavaliere, CPA, CFE.
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II.B. Transportation Contract - Proposal for Extension
Description:
District 23 and Wheeling CCSD 21 have cooperatively entered into an agreement with First Student to provide transportation services to our students. Following the exhaustion of the original agreement, Illinois School Code allows for the re-negotiation and extension of a contract for transportation services one year at a time.
Following negotiations between Districts 21/23 and First Student, administration is pleased to bring forth a proposal for a one-year contract extension at a 5% increase to the individual route costs. All other terms of the contract remain unchanged.
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II.C. Hot Spot Agreement
Description:
District 23 has been awarded Emergency Connectivity Funds (ECF) funding to cover the cost of 100 T-Mobile hotspots with unlimited services, and content filtering for one year from the date of activation. The anticipated cost of these devices is approximately $18,000 and is fully reimbursable under T-Mobile's "Project $10 Million" program.
The goal of this initiative is to identify and provide access to District 23 families in need of these services. The Technology Department will be working with social workers and building principals to identify families in need and coordinate communication and delivery of these devices.
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II.D. Discussion of Tentative Levy for Tax Year 2021 and Need for Supplemental Levy for Debt Service
Description:
We will discuss the proposed 2021 preliminary tax levy to be presented for approval at the November 10, 2021 BOE meeting. We will also discuss the need for a Supplemental Tax Levy for Debt Services as requested by Raymond James. Both levies will be presented for approval at the December 8, 2021 BOE meeting.
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II.E. Discussion of HVAC Mediation - Settlement Update
Description:
Amy McPartlin will provide an update on the mediation that took place on October 20th, 2021.
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II.F. Financial Reporting to the Committee
Description:
Revenues and expenditures (July-September) were reviewed at our last meeting, We will review the October monthly reports at our meeting on November 29th.
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III. Old Business
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IV. New Business
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V. Adjournment
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