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Skokie District 69 Board approves intent to issue up to $2.6M in working cash bonds
Summary
The Board voted unanimously to approve a resolution declaring intent to issue up to $2,600,000 in Working Cash Fund Bonds to increase the district's working cash fund following a public hearing with no public comment.
The School District 69 Board of Education voted on Jan. 14 to approve a resolution declaring the intention to issue up to $2,600,000 in Working Cash Fund Bonds to increase the district's working cash fund. The resolution was moved by Dr. Mark Chao, seconded by Fernanda Perez and passed by roll-call vote: Ayes — Dembo, Chao, Perez, Cooley-Jones, Marsden; Absent — Wisnewski, Freeman.
Assistant Superintendent for Business and Finance Dr. Sonali Patil summarized information previously presented by Elizabeth Hennessy of Raymond James and reviewed the mechanics and purpose of issuing working cash bonds. Dr. Chao, who said the proposal had been vetted by the Facilities & Finance subcommittee, noted that the issuance "aligns with the Board's long-term financial strategy with respect to bond issuances." There were no comments from members of the public during the public hearing and the Board adjourned the hearing before taking the separate roll-call vote on the resolution.
