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

Trump, Zelenskyy to meet Monday in steps toward peace with Russia

Trump, Zelenskyy to meet Monday in steps toward peace with Russia

By Sarah Roderick-FitchThe Center Square Following a “successful” meeting in Alaska with Russian President Vladimir Putin, President Donald Trump said he is going straight for a “peace agreement” in a...
Possible 'agreement' reached in Trump-Putin meeting; more discussion likely

Possible ‘agreement’ reached in Trump-Putin meeting; more discussion likely

By Morgan SweeneyThe Center Square It appears an “agreement” was reached in the Friday meeting between Russian President Vladimir Putin and American President Donald Trump, but the nature of that...
WATCH: Gun rights supporters celebrate 9th Circuit’s ruling against CA gun rationing law

WATCH: Gun rights supporters celebrate 9th Circuit’s ruling against CA gun rationing law

By Carleen JohnsonThe Center Square Gun rights supporters are celebrating what they call a significant victory after the 9th Circuit Court of Appeals issued a mandate on Thursday overturning California’s...
Feds sue California over emission standards for trucks

Feds sue California over emission standards for trucks

By Jamie ParsonsThe Center Square The U.S. Department of Justice is suing California to stop what it calls “unlawful” emission standards for heavy-duty trucks. The California Air Resources Board is...
Illinois quick hits: 'Lawsuit inferno' bill takes effect after Pritzker signed 267 measures Friday

Illinois quick hits: ‘Lawsuit inferno’ bill takes effect after Pritzker signed 267 measures Friday

By Jim Talamonti | The Center SquareThe Center Square 'Lawsuit inferno' bill takes effect Gov. J.B. Pritzker has signed legislation which led the American Tort Reform Association to label Illinois...
WATCH: UW-authored study on surgery times contradicts CMS basis for reimbursement cuts

WATCH: UW-authored study on surgery times contradicts CMS basis for reimbursement cuts

By Carleen JohnsonThe Center Square New findings published in the Journal of the American College of Surgeons contradict the Centers for Medicare & Medicaid Services, or CMS, claim that surgery...
State defends gun ban district court ruled unconstitutional

State defends gun ban district court ruled unconstitutional

By Greg Bishop | The Center SquareThe Center Square (The Center Square) − Ahead of oral arguments over Illinois’ gun ban in the federal appeals court, attorneys for the state...
Trump aiming for ceasefire, world awaiting news from Putin summit

Trump aiming for ceasefire, world awaiting news from Putin summit

By Morgan SweeneyThe Center Square President Donald Trump is meeting with Russian President Vladimir Putin in Alaska Friday in the hopes of negotiating a ceasefire or initial steps toward peace...
Pritzker acts upon 269 bills, vetoes 2, signs 'lawsuit inferno' measure

Pritzker acts upon 269 bills, vetoes 2, signs ‘lawsuit inferno’ measure

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – In a Friday announcement of the status of 269 bills, Gov. J.B. Pritzker has signed legislation which...
Report: average American to receive $3,752 tax cut in 2026 due to OBBBA

Report: average American to receive $3,752 tax cut in 2026 due to OBBBA

By Thérèse BoudreauxThe Center Square The White House is touting a new economic analysis that estimates taxpayers will see an average $3,752 tax cut in 2026, due to provisions in...
Republican, Dem work to prevent deportation of entrepreneur

Republican, Dem work to prevent deportation of entrepreneur

By Chris WoodwardThe Center Square It is not every day that people on opposite sides of the political spectrum join forces, but that is exactly what Lisa Everett and Brent...
Nevada superintendent says ICE won't enter schools

Nevada superintendent says ICE won’t enter schools

By Liam HibbertThe Center Square The superintendent of the nation's fifth-biggest school district said U.S. Immigration and Customs Enforcement agreed to not conduct raids or arrests in schools in Las...
Ad Hoc.8.12.25.3

Will County Updates Solid Waste Ordinance, Increases Fines and Reporting to Landfill Committee

Article Summary: The Will County Ad-Hoc Ordinance Review Committee advanced an updated solid waste ordinance that doubles the maximum fine for violations and requires the county auditor's annual report to...
Ad Hoc.8.12.25.2

Citing Liability Concerns, Will County Committee Postpones Vote on Septic System Ordinance

Article Summary: The Will County Ad-Hoc Ordinance Review Committee postponed a vote on updating its sewer and sewage disposal ordinance after a member raised significant concerns about the county's liability...
Ad Hoc.8.12.25.1

Will County Moves to Repeal Obsolete 1972 Fire Hydrant Ordinance

Article Summary: An ordinance from 1972 regulating the placement and specifications of fire hydrants in Will County is set to be repealed after the Ad-Hoc Ordinance Review Committee approved its...