Lake Zurich board approves $6.2 million interfund transfer and several budget measures
Get AI-powered insights, summaries, and transcripts
Subscribe
Summary
On Oct. 24 the Lake Zurich CUSD 95 Board approved a resolution to transfer $6,203,331 from the Education Fund to the Operations & Maintenance Fund and passed related appropriations and grant and contract approvals; roll-call votes were recorded for each measure.
At its Oct. 24 meeting the Lake Zurich Community Unit School District 95 Board adopted a series of budget and administrative measures, including a formal interfund transfer and several resolutions the administration said are part of routine fiscal management.
Dean Romano of the district business office described the planned transfer during a statutorily required public hearing as a transfer between the Education Fund and the Operations & Maintenance Fund. Later, the board voted to adopt a resolution authorizing an interfund transfer of $6,203,331 from the Education Fund to the Operations and Maintenance Fund. The motion passed on roll call; board members recorded affirmative votes during the tally.
The board also moved and approved a resolution appropriating monies from the educational fund to the working cash fund; the motion passed on roll call. The precise amount read aloud in the meeting record was unclear in some portions of the transcript; the minutes record that the motion was approved by the board.
Other measures the board approved by roll call included the FY25 School Maintenance Project grant application and a professional services agreement with DLR to support design and procurement for a Lake Zurich High School furniture project. The DLR cost statement as read in the meeting audio appeared garbled in the transcript and is therefore not restated here; the board approved the agreement as presented.
The board also approved recommended policy revisions from the board policy committee after a brief discussion about language related to waste-management goals; trustees emphasized the district’s continued commitment to sustainability even while updating mandatory language to align with current statutes.
Votes at a glance (recorded roll‑call results in the meeting transcript): the interfund transfer resolution and the subsequent appropriations and approvals were carried by the members present (roll‑call names recorded in the meeting minutes). The board then moved into closed session under enumerated Open Meetings Act exemptions.
What’s next: The administration will proceed with the interfund transfer and related financial actions as approved and will present follow‑up details as required by statute and board policy.