September 5, 2023 at 6:00 PM - District 23 Finance Committee Meeting
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I. Call to Order
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II. Discussion Items
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II.A. Final Approval - FY2024 Budget
Description:
Amy will discuss the process for approving the final budget and any issues which are different from previous BOE meeting presentation of the FY24 tentative budget. Anticipated revenues and expenditures will be presented and discussed.
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II.B. Interfund Transfer Resolution
Description:
Amy will provide an update on the potential implications of the delay in Cook County property tax revenue as well as a proposed solution.
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II.C. Baker Tilly Update
Description:
Baker Tilly performed their fieldwork to complete the FY23 audit during the month of August. The Business Office is still in the process of working to complete the transition to a modified accrual basis of accounting and the final 06/30/23 balances have not yet been provided. Baker Tilly will plan to join us in November to discuss their final audit with the committee.
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II.D. Transportation Route/Rider Review
Description:
Amy will provide an update on the ongoing review of routing and ridership with First Student for the 2023-24 school year.
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II.E. Ross/Sullivan/Grodsky - Replacement of Windows, Siding & Doors - Update on Bid Process
Description:
Amy will share the updated calendar, project scope and budget with the committee. Documents have been attached for review.
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II.F. Window Shades - Discussion of Bid Timeline
Description:
As we look to save money where we can, an opportunity for cost savings was identified in the Windows,Siding and Door Replacement Project. Original estimates came in close to $500K. Amy has had meetings with ARCON's preferred designers/manufacturers to identify a roller shade solution that would be installed in each window following completion of each phase of windows.Preliminary pricing is closer to $75,000. Although the project will need to be bid, there is significant savings in having the district conduct the bidding process. A targeted bid process and timeframe will be discussed.
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II.G. Facilities & Finance Discussion of Potential 2024 Referendum Opportunities
Description:
Don and Amy will provide a brief overview of the updated pricing and recommended strategies for accomplishing the District's goal of Full Day Kindergarten and enhanced safety and security at all locations.
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II.H. 2023-24 School Maintenance Project Grant - Intent to Apply
Description:
ISBE's School Maintenance Projects Grant opens on September 5th. As has been the case in the past three years, Amy will apply for the capital projects grant for the maximum amount of $50,000. All proceeds will be directed towards the windows, siding and door replacement work scheduled for the Summer of 2024.
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III. Adjournment
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