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CHSD 155 board approves $12.9 million in bills, reappoints treasurer and updates bank depositories
Summary
The Community High School District 155 Board of Education approved $12.9 million in board bills for May 14–June 10, adopted a resolution appointing the treasurer for 2025–26, and updated the district's list of bank depositories, removing Fifth Third and BMO Harris and adding KCT Credit Union and WindTrust Financial Corporation.
The CHSD 155 Board of Education on Tuesday approved $12.9 million in board bills covering May 14 through June 10 and adopted resolutions appointing the district treasurer for 2025–26 and designating bank depositories for the coming year.
Dr. Lucinski, filling in for Dr. Kevin Warner, told the board May's ending fund balance was $78.3 million and said the balance was down slightly "largely due to expenditures associated with the kickoff of this year's summer capital projects." He reported an overall revenue coverage ratio of 49%, which he said remains compliant with the district's fund-balance policy.
The board voted to approve board bills totaling $12.9 million, of which $8.1 million were payroll-related and $4.8 million were vendor payments. The motion to approve board bills was moved by Dave Jenkins and seconded by Ryan Olsen; roll-call votes recorded all board members present voting yes.
The board also adopted a resolution appointing the district treasurer for 2025–26, a routine action the board identified as consistent with the Illinois School Code. The motion to appoint Dr. Kevin Warner as treasurer was moved by Stephanie Mackrell and seconded by Elizabeth Lund; the measure passed on a roll-call vote with all members present voting yes.
Finally, the board updated its list of authorized bank depositories for district funds for 2025–26. The board packet stated that KCT Credit Union fully replaced Fifth Third Bank as the district's purchasing-card provider and that WindTrust Financial Corporation replaced BMO Harris Bank as the district's checking-account provider; both banks were removed from the approval list. The motion to adopt the resolution designating depositories was moved by Steve Keefer and seconded by Dave Jenkins and passed on a roll-call vote.
No public comment was recorded on the items during the meeting. The board clerk conducted roll-call votes for each motion; all recorded votes were affirmative.
