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Plainfield SD 202 finance update: reserves, investment strategy and levy timeline; drivers shortage limits middle-school transportation
Summary
Finance staff described a two-part portfolio approach and proposed levy timeline, warned of revenue reductions from recent evidence-based funding changes, and said driver shortages prevent reliable middle-school and extracurricular routes until staffing is secured.
Finance staff outlined the district’s cash-management approach, levy timeline and transportation constraints during the August presentation to the Plainfield SD 202 board.
The finance presenter (Speaker 2) described a long-term versus short-term portfolio strategy: property-tax receipts create seasonal spikes, and the district has carved off a portion of fund balance for longer-duration investments while keeping a short-term pool for operating cash. Speaker 2 said the district can adopt a more conservative investment policy than the state allows but must remain within public-fund restrictions (safety,…
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