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

Illinois approves $1.5B transit package, funding for long-delayed projects

Illinois approves $1.5B transit package, funding for long-delayed projects

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois lawmakers approved a $1.5 billion transit package, including long-delayed Moline-to-Chicago rail, hailed by Democrats as...
Supreme Court allows Trump to withhold partial SNAP payment

Supreme Court allows Trump to withhold partial SNAP payment

By Brett RowlandThe Center Square The Supreme Court said Friday that the Trump administration could withhold a partial payment for the federal food benefits program amid the longest-ever government shutdown....
Illinois quick hits: State EPA looks to fund EV charging stations; Tax Foundation says mayor's proposal would hinder employment;

Illinois quick hits: State EPA looks to fund EV charging stations; Tax Foundation says mayor’s proposal would hinder employment;

By Jim Talamonti | The Center SquareThe Center Square State EPA looks to fund EV charging stations The Illinois Environmental Protection Agency (EPA) has announced an Electric Vehicle (EV) Charging...
Screenshot 2025-11-06 at 4.17.15 PM

Federal Lobbyists Brief Will County on Government Shutdown, Warn of SNAP and TSA Disruptions

Meeting Summary and Briefs: Will County Legislative Committee for November 4, 2025 Article Summary: Will County’s federal lobbyists reported that the ongoing government shutdown, now the longest in U.S. history, is...
mokena fire protection district logo graphic.5

Mokena Fire Station 2 Slated for Bunk Room Renovations

Mokena Fire Protection District Meeting | September 2025 Article Summary: The Mokena Fire Protection District is budgeting up to $35,000 to renovate the bunk rooms at Fire Station 2 on 191st...
Golf Cart

Mokena Enacts New Regulations for E-Bikes, Scooters, and Golf Carts

Village of Mokena Board of Trustees Meeting | October 27, 2025 Article Summary: The Mokena Village Board has passed a new ordinance establishing comprehensive regulations for electric bicycles, scooters, and...
Will County Logo Graphic

Commission Approves Mokena-Area Garage Variance Over Village’s Objection

Will County Planning and Zoning Commission Meeting | November 4, 2025 Article Summary: The Will County Planning and Zoning Commission approved a variance for a new garage in unincorporated Frankfort Township...
Screenshot 2025-11-05 at 4.02.49 PM

Will County Committee Advances Gougar Road Bridge Project with Over $540,000 in Agreements

Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved two key agreements for the Gougar Road bridge project in New Lenox,...
Joliet-Junior-college.-Graphic-Logo.4

JJC Receives Surprise $1.9 Million from IRS Employee Retention Credit

Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College has received an unexpected $1.9 million windfall from the federal Employee Retention Credit (ERC), a...
Joliet-Junior-college.-Graphic-Logo.2

JJC Advances ERP Modernization with New Vendor and Two-Year Budget

Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College is entering the next phase of its Enterprise Resource Planning (ERP) system overhaul, with the...
Screenshot 2025-11-06 at 4.17.02 PM

Will County Committee Shapes 2026 Legislative Agendas on Housing, Energy, and Health

Meeting Summary and Briefs: Will County Legislative Committee for November 4, 2025 Article Summary: The Will County Legislative Committee advanced key priorities for its 2026 state and federal legislative agendas, focusing...
Congressional Perks: Committees, caucuses cost $50 million since 2019

Congressional Perks: Committees, caucuses cost $50 million since 2019

By Arthur KaneThe Center Square Since 2019, partisan and special interest caucuses and coalitions in the U.S. House spent at least $50 million for staff, food, travel and other expenses,...
Joliet-Junior-college.-Graphic-Logo.4

JJC Authorizes Land Buy for Grundy County Expansion, Secures Site in Morris

Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryThe Joliet Junior College (JJC) Board of Trustees has authorized negotiations for a land acquisition to build a...
FAA funding problems hit airports in California, elsewhere

FAA funding problems hit airports in California, elsewhere

By Madeline ShannonThe Center Square As Christine Finch helped her father, Graham Finch, gather his luggage at the San Francisco International Airport, she was worried about how flight delays caused...
Judge bars ICE from acting against ‘protestors,’ ‘rapid response’ activists

Judge bars ICE from acting against ‘protestors,’ ‘rapid response’ activists

By Jonathan Bilyk | Legal NewslineThe Center Square A Chicago federal judge has barred federal agents from U.S. Border Patrol and ICE from conducting crowd control actions anywhere in northern...