mokena library logo graphic.8

Library Board Approves Annual Transfer to Special Reserve Fund

Spread the love

Mokena Community Public Library District Board of Trustees Meeting | September 2025

Article Summary
The Mokena Community Public Library District Board of Trustees has approved its annual transfer of funds into its Special Reserve Fund. The unanimous vote to approve Ordinance 373-2025 is a routine financial step that allows the library to set aside money for specific, designated purposes outside of its general operating budget.

Special Reserve Fund Key Points:

  • The board approved Ordinance 373-2025, which authorizes the annual transfer.

  • The Special Reserve Fund is a financial tool used to save for specific future projects or contingencies.

  • Trustee Sara Carmody requested information on the amount that was transferred in the previous year.

  • The motion was approved by a unanimous roll call vote.

MOKENA, Il. – The Mokena Community Public Library District board has authorized its yearly allocation to the library’s Special Reserve Fund, a key part of its long-term financial strategy.

During the September 23 board meeting, trustees unanimously passed Ordinance 373-2025. This ordinance, which is approved annually, facilitates the transfer of funds from the library’s operating accounts into a legally distinct reserve fund. This practice allows the library to save money over time for specific capital projects, technology upgrades, or other significant future expenses without impacting the day-to-day operating budget.

Before the vote, Trustee Sara Carmody asked Executive Director Cathy Palmer to provide the board with the amount that was transferred into the fund last year for comparison.

Following the brief discussion, Trustee Erin Minh made a motion to approve the ordinance as presented, which was seconded by Treasurer Alvin Kempf, Jr. The motion passed with a unanimous roll call vote from all trustees present.

Leave a Comment





Latest News Stories

WATCH: Democrats ‘hate’ Trump more than they ‘love’ their communities, Homan says

By Greg BishopThe Center Square Trump administration border czar Tom Homan says Democrat leaders in sanctuary states and cities hate President Donald Trump more than they care for their communities....
Bipartisan group of lawmakers aim to increase migrant physician jobs

Bipartisan group of lawmakers aim to increase migrant physician jobs

By Andrew RiceThe Center Square A bipartisan group of Congressional lawmakers wants to expand a program that allows noncitizens to fill physician vacancies in rural areas of the United States...

WATCH: Border czar Homan considered turning Trump’s offer down

By Greg BishopThe Center Square Tom Homan, President Donald Trump's border czar, addressed the State Freedom Caucus Foundation Friday night in Dallas.

WATCH: DeSantis addresses State Freedom Caucus Foundation

By Greg BishopThe Center Square Florida Gov. Ron DeSantis addressed the State Freedom Caucus Foundation Friday night in Dallas.
Higher ed spending up as enrollment plummets at Illinois universities

Higher ed spending up as enrollment plummets at Illinois universities

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A former state lawmaker says Illinois is now tops in the nation on per-student spending in higher...
World's largest retailer struggles to keep costs down as tariffs hit

World’s largest retailer struggles to keep costs down as tariffs hit

By Brett RowlandThe Center Square The world's largest retailer says it's doing everything it can to keep prices low as its costs increase each week due to the tariffs at...
Boston judge orders Trump to give back Harvard funding

Boston judge orders Trump to give back Harvard funding

By Esther WickhamThe Center Square A Boston federal judge this week blocked the Trump administration’s $2.2 billion funding freeze against Harvard after the government's claims of antisemitism. The U.S. District...
Arizona congressman backs bill protecting ICE agents

Arizona congressman backs bill protecting ICE agents

By Chris WoodwardThe Center Square U.S. Rep. Abe Hamadeh wants to protect ICE agents. The Arizona congressman is among a handful of House representatives, all of them Republicans, to introduce...
Northwestern president steps down amid federal funding cuts

Northwestern president steps down amid federal funding cuts

By Esther WickhamThe Center Square Northwestern University President Michael Schill resigned this week amid the federal funding freeze by the Trump administration. Schill has served as the 17th president of...
Feds sue Southern California Edison over Eaton, Fairview fires

Feds sue Southern California Edison over Eaton, Fairview fires

By Dave MasonThe Center Square The U.S. Department of Justice is suing electric utility company Southern California Edison for tens of millions of dollars over the devastating Eaton and Fairview...

WATCH: Trump renames DOD to ‘Department of War’

By Morgan SweeneyThe Center Square What’s in a name? Military victories, according to the Trump administration. The Department of Defense is reverting to its old name – the Department of...
Push to ban stock trading by Congress follows IL rep’s reported violations

Push to ban stock trading by Congress follows IL rep’s reported violations

By Jim TalamontiThe Center Square After an Illinois congressman reportedly broke the law with late disclosures of stock trades, another member of the state’s delegation is urging colleagues to prohibit...
Federal judge strikes down New Hampshire's DEI ban

Federal judge strikes down New Hampshire’s DEI ban

By Chris WadeThe Center Square A federal judge in New Hampshire has temporarily blocked a state law targeting diversity, equity and inclusion programs in public schools. The ruling issued Thursday...
Illinois quick hits: Giannoulias orders village to stop sharing data with CBP

Illinois quick hits: Giannoulias orders village to stop sharing data with CBP

By Jim Talamonti | The Center SquareThe Center Square License plate camera data Illinois Secretary of State Alexi Giannoulias has ordered the Village of Forest Park and Motorola Solutions to...
CA, Delaware attorneys general concerned about OpenAI

CA, Delaware attorneys general concerned about OpenAI

By Dave MasonThe Center Square California Attorney General Rob Bonta is investigating OpenAI after parents blamed the company for their teenage son’s suicide in a lawsuit. Bonta’s office said the...