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

frankfort-park-district

Frankfort Park District in Dispute with Five Oaks HOA Over Park Development Rules

The Frankfort Park District is taking legal steps to untangle itself from the development rules of the Five Oaks homeowners association, asserting that as a public body, it "cannot be...
Meeting-Briefs

In Brief: Ordinance Review Committee Actions

The Will County Ad-Hoc Ordinance Review Committee met June 10 to continue its comprehensive update of the county code. Here are some of the key actions and discussions: Court Fees...
frankfort-park-district.1

Frankfort Park District Kicks Off Busy Summer Season with Races and New Events

The Frankfort Park District is in full summer swing, with a packed schedule of programs and events that includes an expanded day camp, new community parties, and the 25th anniversary...
Mokena Logo Graphic.3

Mokena Approves FY 2026 Budget, Funds Major Infrastructure and Technology Upgrades

The Mokena Village Board unanimously adopted its Fiscal Year 2026 budget on Monday, approving a financial plan that directs major funding toward road resurfacing, storm sewer replacements, and a comprehensive...
Mokena Logo Graphic.1

Mokena Residents to See Higher Water and Sewer Bills

Residents will soon be paying more for water and sewer services after the Mokena Village Board approved rate increases for the new fiscal year. The board voted unanimously on June...
Mokena Logo Graphic.5

Mokena Renews Traffic Signal Maintenance Contract at Reduced Cost

The Village of Mokena has extended its traffic signal maintenance contract for another year, securing the service at a lower cost after the number of signals under its jurisdiction was...
Meeting-Briefs

Meeting Briefs: Mokena Village Board for June 9, 2025

The Mokena Village Board on June 9 adopted its budget for the 2026 fiscal year, a plan that includes significant spending on infrastructure and technology, and also approved utility rate...
Will-County-Jail-e1750123778582

Will County Jail Faces Major Staffing Crisis as 70 Employees Eligible to Retire by 2030

County officials warn of potential budget impact as adult detention facility grapples with unprecedented turnover Will County's adult detention facility is heading toward a staffing crisis that could significantly impact...
will-county-board.3

Will County Health Department Reports Sharp Decline in Overdose Deaths

2025 fatalities running 40% lower than previous year, officials attribute success to expanded Narcan distribution Will County is experiencing a significant reduction in overdose deaths, with 2025 fatalities running 40%...
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...