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
Illinois quick hits: Fatal helicopter crash; Comptroller orders another extra pension payment
New poll: 50.2% of Illinois voters view Pritzker unfavorably
WATCH: Pritzker welcomes FBI looking for TX Dems in IL, dismisses bribery question
WATCH: Illinois State Fair: Affordable fun backed by $140M in taxpayer funding
Op-Ed: State lawmakers gut Emmett Till Day bill, expose Illinois’ corruption problem
Democratic PACs being investigated for bankrolling AWOL Texas House Democrats
Pritzker: Chicago mayor ‘never once called’ to oppose pension bill
WATCH: Illinois In Focus Daily | Thursday Aug. 7th, 2025
Illinois quick hits: Cook County declares flood disaster; opt-out forms promoted; State Fair begins
WATCH: IL Republican pushes for TX quorum rules that Pritzker hails as ‘hero’ move
Mokena School District Terminates Contract with Evans and Sons Blacktop Over Project Deficiencies
Mokena District 159 Highlights Strategic Progress, Sets Sights on Advanced Learning and Data Systems