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

will-county-board

Will County Health Department Faces Funding Uncertainty as Federal Grants Under Review

Multiple revenue sources threatened as department seeks legislative support for public health programs Will County Health Department officials are closely monitoring potential federal funding cuts that could impact multiple programs...

Will County Land Use Meeting Briefs

LAND USE ACTIONS Accessory Dwelling Unit Rules Modified: The committee recommended approval of text amendments allowing accessory dwelling units to exceed current building area limitations in certain circumstances. The changes...
Medicaid-logo

Federal Reconciliation Bill Targets Medicaid, SNAP Programs

Will County Legislators Briefed on Potential Local Impacts Federal legislation making sweeping cuts to Medicaid and food assistance programs could significantly impact Will County residents and services, county legislators learned...
will-county-board.2

Will County Approves Modified $756 Million Transportation Plan Despite Terminology Debate

Will County's Public Works and Transportation Committee approved a five-year, $756 million transportation improvement plan on June 3, but not before a heated debate over whether to call it a...
will-county-board.3

Will County completes major projects while others move forward

Will County's facilities team has completed several major projects while advancing others throughout the county, officials reported during a Capital Improvements & IT Committee meeting Monday. The Old Courthouse Plaza...
will-county-board.3

Will County Accepts $140,000 Developer Donation for Road Improvements

Will County's Public Works and Transportation Committee accepted a $140,143.90 donation from a developer in lieu of constructing traffic improvements along Laraway Road. The donation comes from the Lakes Park...
will-county-board.2

State Legislative Session Wrap-Up Shows Mixed Results

Will County's state legislative priorities saw mixed results as the Illinois General Assembly concluded its spring session on May 31, with several key bills advancing while others stalled. The Legislative...
will-county-board.2

Will County expands safety initiatives across facilities

Will County has implemented new safety protocols and training programs across its facilities, including the selection of department safety monitors and participation in community health education events. Each county department...
will-county-board.3

Leglislative Committee Meeting Briefs

Federal Grant Deadline Extended: The Surface Transportation Reauthorization deadline has been extended to May 30 for policy submissions, with both House and Senate committees actively seeking stakeholder input ahead of...
will-county-board.3

Speed Limits Reduced on Two Township Roads

The committee approved new speed zones for two township roads based on engineering studies showing current limits exceed safe driving speeds. Offner Road in Green Garden Township will have a...
will-county-board.2

Will County Finance Committee Approves Juvenile Detention Center Upgrades

Committee votes to keep facility operational, moves forward with compliance modifications Will County Finance Committee members voted unanimously Monday to recommend keeping the River Valley Detention Center operational and making...
will-county-board.2

Major Grade Separation Projects Advance with Engineering Contracts

The committee approved two significant engineering agreements for major railroad overpass projects totaling over $4 million. TranSystems Corporation received a $4,003,256 contract for construction engineering services on the Lorenzo Road...
County-Board-Room

County Authorizes Condemnation for Francis Road Project

The committee authorized the State's Attorney's Office to proceed with condemnation cases for right-of-way acquisition needed for Francis Road improvements between Gougar Road and Interstate 80. Eight property parcels are...
will-county-board

Solar Farm Access Approved for Manhattan-Arsenal Road

The committee granted access approval for a solar farm development on Manhattan-Arsenal Road approximately 1,000 feet east of Cherry Hill Road. The MCH Solar 1 project, developed by Soltage LLC,...
will-county-board.3

Will County Finance Committee Meeting Briefs

Budget Transfers Approved: The Finance Committee approved transferring $18,643 within the Supervisor of Assessments budget to move funds from software licensing to computer hardware purchases. Animal Protection Services Funding: Committee...