District 100 financial snapshot shows investment gains; board adopts consent agenda and completes reorganization

The Berwyn South School District 100 board received a financial update showing stronger investment returns than budgeted and took several procedural actions, including adopting the consent agenda and completing the board’s annual reorganization.

Financial highlights

Jenny (district finance staff) reported the district’s bank balance at $40,500,000 and investments at $32,500,000. Revenue for April to date was reported at $4,036,000 and the district’s March cash‑flow figure was $13,500,000 (driven by the second installment of tax receipts). Jenny said the district had budgeted $1,000,000 for investment interest but had received $1,700,000 year‑to‑date and increased the budget estimate accordingly. Expenditures for March were reported at $4,600,000 with year‑to‑date expenditures at $47,900,000. A grant snapshot listed roughly $4,300,000 in grants for the year, with a little over $3,000,000 received so far.

Tentative amended budget and bus purchase

The board packet included a tentative amended budget that will remain on public display for 30 days before final approval in June, the finance update said. Staff also noted an agenda item to authorize the purchase of a small special‑needs school bus (wheelchair‑capable). The staff presentation said the bus must be ordered so the manufacturer can build it; the district expects the payment to be charged in next year’s budget.

Board actions and reorganization

- Consent agenda: The board adopted the consent agenda by roll call following a motion and a second. The roll call recorded yes votes from members listed as Jimenez, Steinfeld, Trent, Butler, Palace and Gonzales; the chair announced “Motion carried.” (Motion mover and seconder were not specified in the transcript.) - Election results and oath: The board moved to accept official election results as prepared by the Cook County Clerk and then administered the oath of office to newly elected board member Adriana Caballero. The board then held nominations for officers and appointed Elizabeth Jimenez as president by acclamation, Corinne Steinfeld as vice president and Wendy Gonzalez as secretary. - Committee appointments: The board appointed members to standing committees and representative roles (policy, finance, buildings and grounds, ISBE delegate and legislative representative) by volunteer selection at the reorganization meeting; specific volunteer names were recorded in the minutes.

What was not decided

Although the packet included the tentative amended budget for public display and an item to purchase a special‑needs bus, the transcript does not record a discrete board vote approving the budget amendment or issuing the purchase authorization during the portion of the meeting provided.

Ending: Board members thanked staff for their work on finances and committee volunteers. The meeting concluded with motions to adjourn and reconvene for the reorganization portion and then final adjournment.