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District 208 approves transfer of debt-service interest to Education Fund
Summary
At its May 27 meeting District 208 approved transferring interest earnings from the Debt Service Fund to the Education Fund. The resolution passed unanimously with all seven board members voting AYE.
The Board of Education approved a resolution on May 27 to transfer interest earnings from the Debt Service Fund into the Education Fund. The item was presented in the May 27 agenda packet and the motion carried with all members voting AYE.
Minutes record the formal action as: "The Board of Education, Township High School District 208, Cook County, Illinois, approves the transfer of interest earnings in the Debt Service Fund to the Education Fund, as presented in the May 27, 2025, Board Agenda Packet." The vote tally listed all seven members—Caputo, Durkin, Gasca, Hruska, Novak, Williams and Zalas—as voting in favor; no NAYs or ABSENT members were recorded.
