Library Board Approves Annual Transfer to Special Reserve Fund
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.
Community Events
Latest News Stories
Parents who lost daughters at Camp Mystic: Their deaths were ‘100% preventable’
Illinois quick hits: COVID fraud indictments issued; man sentenced for mailing fentanyl
Trump defunds California sex ed program over ‘gender ideology’
WATCH: Illinois In Focus Daily | Thursday Aug. 21st, 2025
Texas House passes Congressional redistricting bill after absconding Dems return
Department of Education ends support for political activism
Lincoln-Way Board Reviews $162 Million Tentative Budget, Projects Deficit Due to Bus Purchase Timing
Illinois trucker warns foreign firms faking logs, dodging rules, risking safety
Illinois law mandates pharmacies to sell needles, sparking safety debate
Report warns U.S. national debt predicted to pass $53 trillion by 2035
Courts remain firm against unsealing grand jury records from Epstein trial
White House TikTok garners 1.3 million views in 24 hours