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.

Events

No events

Leave a Comment





Latest News Stories

Congressional Perks: House account spending jumped 21% in 2022

Congressional Perks: House account spending jumped 21% in 2022

By Arthur KaneThe Center Square Spending on U.S. House of Representatives office accounts increased by more than 85% over the past three decades but nearly half of that occurred since...
Everyday Economics: Rate cut debate: Reading mixed signals in a fragile economy

Everyday Economics: Rate cut debate: Reading mixed signals in a fragile economy

By Orphe DivounguyThe Center Square The Federal Reserve cut interest rates last week, but the decision was far from unanimous. Two members of the Federal Open Market Committee (FOMC) dissented...
Arizona looks to legal immigration with Trump's border security

Arizona looks to legal immigration with Trump’s border security

By Andrew RiceThe Center Square As President Trump approaches the one year mark in office, apprehensions at the southern border have dropped significantly. States along the southern border, including Texas,...
Ranchers decry beef imports from Argentina, expert says good start

Ranchers decry beef imports from Argentina, expert says good start

By Brett RowlandThe Center Square Consumers feeling the pang of high beef prices at the grocery store may see some relief from a plan to import beef from Argentina but...
Mokena Park District.logo.graphic.5

Mokena Park District Increases Spending Authority to Align with New State Law

Mokena Community Park District Meeting | September 23, 2025 Article Summary: The Mokena Community Park District Board of Commissioners has updated its purchasing policy, increasing the executive director's authority to...
Kong

Mokena Police Department Welcomes First K-9 Officer, Kong

Village of Mokena Board of Trustees Meeting | October 13, 2025 Article Summary: The Mokena Police Department officially welcomed its first-ever police canine, Kong, during a swearing-in ceremony at the...
Appeals court: IT firm can’t make insurer foot bill for $28M face scan deal

Appeals court: IT firm can’t make insurer foot bill for $28M face scan deal

By Scott Holland | Legal NewslineThe Center Square A state appeals panel has agreed an insurance company doesn’t need to contribute to a $28.5 million settlement that resolved a class...
Screenshot 2025-11-01 at 11.28.53 AM

Mokena Approves ‘Emerald Social’ Restaurant and Outdoor Entertainment Venue

Village of Mokena Board of Trustees Meeting | October 13, 2025 Article Summary: The Mokena Village Board has granted final approval for Emerald Social, a new restaurant and family-friendly outdoor...
Lawmakers introduce bills to slash their own pay during government shutdowns

Lawmakers introduce bills to slash their own pay during government shutdowns

By Thérèse BoudreauxThe Center Square With the ongoing government shutdown dragging on for a record-breaking period of time, U.S. lawmakers are introducing bills to make shutdowns as painful for Congress...
Trump considers military action to stop Christian genocide in Nigeria

Trump considers military action to stop Christian genocide in Nigeria

By Bethany BlankleyThe Center Square President Donald Trump has directed the Department of War to prepare for possible action in Nigeria to target Islamic militants committing genocide against Christians. “If...
94% of sanctioned scholars suffered from free speech attacks

94% of sanctioned scholars suffered from free speech attacks

By Tate MillerThe Center Square A Foundation for Individual Rights and Expression survey shows that 94% of sanctioned university scholars have experienced a negative impact following the attacks on their...
Illinois soybean farmers face uncertainty amid MAHA push against seed oils

Illinois soybean farmers face uncertainty amid MAHA push against seed oils

By Catrina BarkerThe Center Square Illinois soybean farmers face a potential market shakeup if public sentiment, and eventually policy, turns against seed oils, experts warn. Robert F. Kennedy Jr., now...
Family-based visa quotas cause system backlogs

Family-based visa quotas cause system backlogs

By Andrew RiceThe Center Square One of the most prevalent ways for immigrants to gain legal status in the United States is through family-based visas. However, backlogs in the system...
Screenshot 2025-10-25 at 10.49.32 AM

Crete Township ‘Tiny Home’ Owner Appeals Permit Denial

Will County Planning and Zoning Commission Meeting | October 21, 2025 Article Summary: A Crete Township property owner has appealed to the Will County Planning and Zoning Commission after being...
After 50 years of struggles to save Spotted Owl, FWS plan is to kill 500k Barred Owls

After 50 years of struggles to save Spotted Owl, FWS plan is to kill 500k Barred Owls

By Bethany BlankleyThe Center Square The Spotted Owl is again in the headlines again. U.S. Sen. John Kennedy, R-La., filed a resolution to reverse a Biden administration plan to kill...