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

Meeting Briefs

Meeting Summary and Briefs: Will County Board for August 21, 2025

The Will County Board received County Executive Jennifer Bertino-Tarrant’s proposed $791 million budget for fiscal year 2026, which holds the line on the property tax levy while funding key services....
U.S. mining operations discarding rare minerals at center of trade talks

U.S. mining operations discarding rare minerals at center of trade talks

By Brett RowlandThe Center Square U.S. mining operations are discarding valuable minerals needed for everything from electric vehicles to missile defense systems that could reduce U.S. dependence on foreign nations....
Duffy warns states to enforce English proficiency requirements for truckers

Duffy warns states to enforce English proficiency requirements for truckers

By Sarah Roderick-FitchThe Center Square California, New Mexico and Washington could risk losing federal funding if they fail to enforce English language proficiency requirements for commercial motor vehicle drivers, U.S....
Illinois quick hits: Chicago businesses at 10-year low; school admin survey closes soon

Illinois quick hits: Chicago businesses at 10-year low; school admin survey closes soon

By Jim Talamonti | The Center SquareThe Center Square Chicago businesses at 10-year low The number of businesses operating in Chicago has reached a 10-year low. Citing city license data,...
Pritzker unveils Illinois LGBTQ hotline amid debate over transgender athletes

Pritzker unveils Illinois LGBTQ hotline amid debate over transgender athletes

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Reports of a transgender student being accepted onto the Conant High School girls volleyball team has...
WATCH: Trump ends funding for cashless bail policies, hedges on Guard deployment to Chicago

WATCH: Trump ends funding for cashless bail policies, hedges on Guard deployment to Chicago

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares some of...
Hochul pushes back on Trump's cashless bail funding threat

Hochul pushes back on Trump’s cashless bail funding threat

By Chris WadeThe Center Square New York Gov. Kathy Hochul is pushing back on President Donald Trump's "reckless" push to do away with cashless bail, saying the move to withhold...
frankfort township graphic

Frankfort Township Board Denies Liquor and Gaming Permits for Two Restaurants

Article Summary: The Frankfort Township Board of Trustees denied special use permits for Dimitri Best Food and Kismet Restaurant, both of which were seeking ancillary liquor licenses with the intent to...
Education Department finds GMU Violated Title VI

Education Department finds GMU Violated Title VI

By Esther WickhamThe Center Square The U.S. Department of Education’s Office for Civil Rights announced George Mason University violated federal law by hiring and promoting staff based on race and...
Redistricting opponents immediately appeal to CA voters

Redistricting opponents immediately appeal to CA voters

By Dave MasonThe Center Square Opponents of California’s congressional redistricting argued their case in ads that voters received in their mail immediately before or after the Legislature approved a constitutional...
Former Transportation Secretary urges state taxpayer funding for Chicago transit

Former Transportation Secretary urges state taxpayer funding for Chicago transit

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A former U.S. transportation secretary says Downstate Illinois residents should help fund Chicago transit, but a Metro...
Illinois quick hits: Education tax benefits available; Giannoulias orders license plate reader to shut off access to CBP

Illinois quick hits: Education tax benefits available; Giannoulias orders license plate reader to shut off access to CBP

By Jim Talamonti | The Center SquareThe Center Square Education tax benefits available As students across Illinois return to the classroom, Gov. J.B. Pritzker and the Illinois Department of Revenue...
WATCH: Trump order withholds funds over no-cash bail policies like Illinois'

WATCH: Trump order withholds funds over no-cash bail policies like Illinois’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Taxpayer resources should not be used to support jurisdictions with cashless bail policies, according to a new...
Trump eyes First Amendment showdown with order to prosecute flag burning

Trump eyes First Amendment showdown with order to prosecute flag burning

By Brett RowlandThe Center Square President Donald Trump signed an executive order Monday requiring federal prosecutors to investigate and prosecute people for burning the American flag, a practice the U.S....
Trump strikes positive tone with South Korean president

Trump strikes positive tone with South Korean president

By Morgan SweeneyThe Center Square Onlookers braced for another tense, confrontational meeting in the Oval Office between President Donald Trump and another world leader when, Monday morning, Trump posted to...