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.
Latest News Stories
Association says housing aid to continue through December
WATCH: Father of Housing First points to success; We Heart Seattle highlights failures
Death threats against ICE officers up by 8,000%, DHS says
Colorado sues over Space Command HQ moving to Alabama
Illinois quick hits: Pritzker to sign tax, toll increases to bail out transit
IL Senate approves Department of Corrections director despite fierce opposition
Report: PJM power grid electrification faces bumpy transition
Judge orders Trump to use emergency fund to disburse SNAP benefits
Early morning vote advances Illinois’ ‘Terminally Ill Patients Act,’ sparks outcry
91% of U.S. veterans concerned about food assistance amid shutdown
Indiana state police working with ICE at Illinois border to secure interstates
Trump’s former National Security Adviser criticizes Ireland for ‘cozying up to China’