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Superintendent presents tentative FY24 tax levy; board directs CD renewal and notes $937 risk-fund grant

Lostant Community Unit School District #425 Board of Education · November 19, 2024
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Summary

Superintendent Bob Ketcham presented the tentative FY24 tax levy, described as "pretty similar to last year," recommended rolling over a CD that matures Dec. 15, 2024, and reported a $937 Illinois Public Fund Risk Fund grant for safety and education programs.

During the Nov. 19 meeting, Superintendent Bob Ketcham provided the board with a copy of the district's tentative FY24 tax levy and told members it was "pretty similar to last year." Ketcham also reported the district received a $937 grant from the Illinois Public Fund Risk Fund because there were no workers' compensation claims; the grant is intended for safety and educational programs.

Ketcham briefed the board that a district certificate of deposit is maturing on Dec. 15, 2024; he recommended rolling it over at the current rate for a 12-month term. The board later directed the superintendent to renew the CD at the current rate for another 12 months and to move door-related expenses to Health Life Safety (HLS) funds.