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Valley View board approves December financial reports and January bills; investments report updated
Summary
The Valley View CUSD 365U Board of Education approved the treasurer's monthly financial reports and authorized January bills totaling $2,888,375.57. Board members were also briefed on an updated investments summary and several informational items, including planned revisions to the authorized institutions list.
The Valley View CUSD 365U Board of Education on Jan. 13 approved its treasurer's monthly financial reports for December and authorized bills payable for January totaling $2,888,375.57.
Board members heard the treasurer's action report, which the treasurer said included balance sheets, a summary of revenue and expenditures, interim obligations and debt service payments described in the packet as totaling $12,000,000,105.05. The board voted to accept the report and then approved the schedule of January bills payable.
The treasurer also presented a summary of investments for December and told the board the report had been updated "with more detail and transparency." The administration said it will bring a resolution at a future meeting to expand and update the district's authorized institutions list to seek more competitive rates and lower fees.
Board members approved the consent agenda, which included minutes from December board meetings, executive session minutes, a gift to Woodview Elementary School, and multiple Romeoville High School trip items.
The board was also reminded that several informational items were in the packet: a state funding update, property taxes received, and an "all schools trust" account report. Board members were invited to direct questions to the treasurer.
Ending: The board moved on to other business after the votes. More detailed budget and investment materials are in the board packet; the administration indicated it will return with a resolution to authorize additional banking/investment institutions at a future meeting.
