Aug 26, 2024 School Board

[00:00:05]

ALL RIGHT. GOOD AFTERNOON EVERYONE.

[1. CALL TO ORDER AND ESTABLISH QUORUM]

OUR FIRST AGENDA ITEM IS EXECUTIVE SESSION.

[2. EXECUTIVE SESSION (Part 1 of 2)]

ALL RIGHT. GOOD AFTERNOON EVERYONE.

WE'LL CALL THIS MEETING BACK TO ORDER AT 6PM.

[3. OPENING PRAYER AND PLEDGES OF ALLEGIANCE/MOMENT OF SILENC]

WILL YOU ALL PLEASE RISE? DEAR LORD, WE COME BEFORE YOU TODAY WITH GRATEFUL HEARTS FOR THE OPPORTUNITY TO SERVE OUR COMMUNITY.

WE ASK FOR YOUR GUIDANCE AS WE GATHER TO DISCUSS IMPORTANT MATTERS AFFECTING THE FUTURE OF OUR SCHOOLS AND THE WELL-BEING OF OUR STUDENTS AND STAFF.

GRANT US WISDOM AND DISCERNMENT AS WE CONSIDER THE HIRING OF A NEW SUPERINTENDENT, A DECISION THAT WILL SHAPE THE LEADERSHIP OF OUR DISTRICT FOR YEARS TO COME.

WE ALSO SEEK YOUR CLARITY AND DIRECTION AS WE DISCUSS THE TAX RATE FOR THE UPCOMING SCHOOL YEAR.

HELP US TO BALANCE THE NEEDS OF OUR STUDENTS, OUR TEACHERS, AND OUR COMMUNITY, ENSURING THAT WE MAKE DECISIONS THAT ARE FAIR, JUST, AND IN THE BEST INTEREST OF ALL.

MAY WE BE UNITED IN PURPOSE, RESPECTFUL IN DIALOG, AND EVER MINDFUL OF THE RESPONSIBILITY WE CARRY.

WE PRAY FOR YOUR PEACE TO GUIDE US THROUGH THIS MEETING AND BEYOND.

IT'S IN JESUS CHRIST'S NAME THAT WE PRAY.

AMEN. WILL YOU PLEASE JOIN ME IN THE PLEDGE OF ALLEGIANCE.

AND NOW FOR THE TEXAS PLEDGE.

NOW JOIN ME FOR A MOMENT OF SILENCE.

THANK YOU. YOU MAY BE SEATED.

[4. RECOGNITIONS]

RECOGNITIONS. OUR FIRST UP IS RECOGNIZING OUR HEALTH OCCUPATIONS STUDENTS OF AMERICA INTERNATIONAL CONFERENCE, WHERE THEY FINISHED IN 5TH PLACE.

DOCTOR LEDBETTER, DO YOU HAVE MS. PEDDY? GOOD EVENING.

TRUSTEES. DOCTOR LEDBETTER, I AM PROUD TO BE HERE TO REPRESENT THE CTE ORGANIZATIONS.

THESE ARE STUDENT GROUPS THAT HAVE REPRESENTED US LAST SCHOOL YEAR.

WE ARE PROUD TO HAVE MISS KIM GOODMAN, WHO WILL BE REPRESENTING BPA, AND ALI LOFTON, WHO WILL BE REPRESENTING HOSA.

AND I WILL LET THEM INTRODUCE THEIR STUDENTS AND TALK ABOUT THEIR ACCOMPLISHMENTS.

THANK YOU. BOARD.

DOCTOR LEDBETTER.

YES. CAREER AND TECHNICAL STUDENT ORGANIZATIONS HAVE BEEN VERY IMPACTFUL IN OUR CTE PROGRAM, AND WE KNOW THAT THEY HELP DEVELOP THE SKILLS AND ABILITIES TO HELP THEM TO SUCCEED IN SOME OF THEIR CHOSEN CAREERS.

CARROLL IS CURRENTLY SUPPORTING SEVEN CTSOS.

HOSA, WHICH ALI LOFTON WILL TALK ABOUT IN A MINUTE.

OUR BUSINESS PROFESSIONALS OF AMERICA THAT I'LL RECOGNIZE, DECA, FCCLA, WHICH IS FAMILY, CAREER, AND COMMUNITY LEADERS OF AMERICA, FBLA, OUR FUTURE BUSINESS LEADERS OF AMERICA, FFA AND TSA, WHICH IS TECHNOLOGY STUDENTS OF ASSOCIATIONS.

AND SO TONIGHT, I'M HERE RECOGNIZING SEVERAL MEMBERS THAT MADE IT TO CHICAGO FOR OUR INTERNATIONAL CONFERENCE AND RECEIVE SOME TOP PLACEMENTS IN THE TOP TEN. SO IF MY STUDENTS WILL PLEASE JOIN ME UP HERE IN A LITTLE LINE, PLEASE COME ON UP.

ALRIGHTY. AS THEY COME UP.

SO OUR GLOBAL MARKETING TEAM, WHICH IS NITA DUTTA, [INAUDIBLE] AND JACKSON WANG, THEY RECEIVED 11TH PLACE OUT OF 75 TEAMS. USER DESIGN EXPERIENCE.

ASHLYNN TASNIM, WHO IS ON HER WAY TO COLLEGE AT UT IN AUSTIN.

SERENA, TUSNIM AND [INAUDIBLE].

THEY RECEIVED FIFTH PLACE FOR THEIR USER DESIGN EXPERIENCE.

JASON GAO, WHO IS ALSO ON HIS WAY TO COLLEGE FOR PAYROLL ACCOUNTING, HE RECEIVED FOURTH PLACE.

[00:05:04]

HE COMPETED AGAINST 75 STUDENTS FOR FIRST PLACE IN HEALTH INSURANCE AND MEDICAL BILLING.

THEY BROUGHT THEIR AWARDS TO SHOW YOU AS WELL, AND THEN I'LL HAVE ALI COME UP AS WELL.

BUT IF YOU WANT TO TURN AROUND AND SHOW YOUR AWARDS TO THE BOARD, PLEASE, AS WELL AS THE AUDIENCE.

CONGRATULATIONS ALL OF YOU AND IF YOU WILL STICK AROUND JUST FOR A FEW MORE MINUTES, WE'LL GET SOME PICTURES.

MISS GOODMAN, AT THE END OF THAT.

YES. OKAY. ALL RIGHT. IF YOU'LL JUST GO THAT WAY TOWARDS MISS EGAN IN THE GREEN RIGHT THERE.

JUST GO THAT WAY AND ALL RIGHT.

COACH LOFTON. HI.

THANK YOU FOR TAKING THE TIME TO RECOGNIZE OUR STUDENTS.

TONIGHT, I AM THE ONE OF THE SPONSORS FOR HOSA, WHICH IS THE ORGANIZATION FOR FUTURE HEALTH PROFESSIONALS.

WE HAD ACTUALLY THREE STUDENTS THAT MADE IT TO THE INTERNATIONAL CONFERENCE THIS YEAR.

ONE RECENT GRAD, ANDREA YAN, IN PATHOPHYSIOLOGY.

A CURRENT NOW SOPHOMORE, NETHRA [INAUDIBLE] IN SPORTS MEDICINE AND TONIGHT, WE'RE RECOGNIZING AVERY FRAZIER FOR HER THIRD PLACE FINISH AT STATE IN CLINICAL NURSING AND THEN HER FIFTH PLACE FINISH AT NATIONALS IN ALSO CLINICAL NURSING.

IT TAKES A LOT OF EFFORT AND DEDICATION TO STUDY IN THOSE FIELDS.

COMPLETELY ON THEIR OWN AND SO IT'S PRETTY AWESOME THAT SHE PLACED FIFTH.

SHE WAS THE ONLY PERSON FROM TEXAS TO PLACE IN THE TOP TEN, AND COMPETED AGAINST STUDENTS FROM ALL OVER THE UNITED STATES, CANADA, AND CHINA.

I BELIEVE SO PLACING FIFTH IS INCREDIBLE.

VERY PROUD OF HER AND SHE IS ALSO SERVING AS THE PRESIDENT OF OUR LOCAL CHAPTER THIS YEAR AS WELL.

SO AVERY, CONGRATULATIONS.

CONGRATS. OKAY.

ARE WE NEXT UP FOR OUR BUSINESS TO RECOGNIZE OUR BUSINESS PROFESSIONALS OF AMERICA? MISS GOODMAN, ARE YOU. OH, THAT WAS MY FIRST GROUP.

THAT WAS YOUR FIRST GROUP? [INAUDIBLE] MY APOLOGIES.

OKAY. YEAH.

YOU DID A BACKWARDS ON ME.

OKAY. THAT'S OKAY.

OK, OH, GOOD.

IF Y'ALL STICK AROUND JUST FOR A FEW SECONDS, WE HAVE ONE MORE.

WE'D LIKE TO RECOGNIZE OUR AMAZING OLYMPIC SPEED CLIMBING BRONZE MEDALIST AND CURRENT WORLD RECORD HOLDER, OUR VERY OWN SAM WATSON.

WE'LL WATCH A SHORT VIDEO.

I THINK MR. WATSON WILL ACTUALLY. I'VE GOT A FEW WORDS TO SAY, AND THEN WE.

OKAY. THAT'S OKAY.

YEAH, SURE. GOOD EVENING.

MY NAME IS RAY WATSON.

I AM THE SOUTHLAKE RESIDENT, AND I'M ALSO THE FATHER OF THE FASTEST CLIMBER IN THE WORLD.

AS A MATTER OF FACT, I'M THE FATHER OF AN OLYMPIC ATHLETE WHO HAS THE FASTEST RECORDED TIME IN ANY OLYMPIC SPORT IN 2000 YEARS OF OLYMPICS PERIOD.

WOW. DRAGON FOR LIFE.

DRAGONS FOR LIFE.

WHEN MY WIFE AND I DECIDED THAT WE WERE GOING TO MOVE TO SOUTHLAKE, WE KNEW WE NEEDED TO HURRY.

BECAUSE MY DAUGHTER WAS ABOUT TO ENROLL IN KINDERGARTEN AND AT SOUTHLAKE.

THERE'S SOMETHING SPECIAL ABOUT GOING FROM KINDERGARTEN THROUGH MIDDLE SCHOOL, THROUGH EUBANKS AND DAWSON AND CARROLL AND BEING A DRAGON THE ENTIRE TIME.

THIS IS A RARE THING ACROSS THE COUNTRY, AND WE KNEW IT WAS A MAGICAL AND SPECIAL THING.

SO BOTH MY DAUGHTER AND MY SON HAVE BEEN HAD THE EXPERIENCE OF BEING DRAGONS FOR LIFE AND MY SON WANTED TO RECOGNIZE THAT BY SENDING THE OLYMPIC FLAG TO THE PARIS OLYMPICS WITH DRAGONS FOR LIFE AND AT THIS POINT IN TIME, I'D LIKE TO TURN IT OVER TO SAM WATSON WITH A PRERECORDED VIDEO MESSAGE.

HELLO FELLOW DRAGONS.

MY NAME IS SAM WATSON AND I AM THE FASTEST CLIMBER IN THE WORLD.

[INAUDIBLE] I WANT TO THANK EVERYONE AT CARROLL ISD.

BOTH THE STUDENTS, THE STAFF, THE FACULTY, EVERYONE THAT HAS SUPPORTED ME AND SUPPORTED EVERY OTHER CARROLL ISD STUDENT THROUGH THE YEARS.

IT WAS A TREMENDOUS HONOR FOR ME TO REPRESENT BOTH MY COUNTRY OF THE UNITED STATES, MY CITIES OF SOUTHLAKE, THE DFW AREA AND SALT LAKE CITY AT THE PARIS OLYMPICS AND LET YOU KNOW THAT I DO NOT TAKE FOR GRANTED YOUR SUPPORT AND EVERYTHING THAT YOU'VE DONE AND I DONATED THE FLAG AS A REMINDER THAT IS ALWAYS TRUE, AND THAT IF YOU CONTINUE TO SUPPORT

[00:10:08]

SO THIS IS ACHIEVEMENT FOR ALL OF YOU GUYS IN SOME WAY, AND I REALLY DO APPRECIATE IT.

SO GO DRAGONS.

PROTECT THE TRADITION AND EXPECT EXCELLENCE, I BELIEVE.

I KNOW IT'S STILL THANK YOU VERY MUCH.

SO I DID WANT TO RECOGNIZE STACY WAGNER IS HERE.

THAT WAS THE PRINCIPAL FOR SAM AND LAUREN IS HERE AND I WOULD LIKE TO GIVE STACY WAGNER A ROUND OF APPLAUSE AS WELL.

IT WAS VERY IMPORTANT TO SAM THAT HE CONTINUE TO BE A DRAGON FOR LIFE, EVEN WHEN TRAVELING THE WORLD, EVEN WHEN BREAKING WORLD RECORDS AND EVERYTHING ELSE AND I BROUGHT SOME GIFTS. I BROUGHT YOU SOME PARIS WRISTBANDS AS WELL AS THE FLAG.

THANK YOU VERY MUCH. ALL RIGHT.

THANK YOU, MR. WALKER.

[INAUDIBLE].

ALRIGHT AGAIN, CONGRATULATIONS AND AT THIS TIME, I DID NOT REALIZE THIS AND I APOLOGIZE THAT WE HAVE SOME STUDENTS FROM DAWSON MIDDLE SCHOOL AND THEIR PARENTS HERE TODAY.

SO, MISS LEONARD, CAN WE JUST HAVE YOU INTRODUCE THEM OR THEM INTRODUCE THEMSELVES? AND I WOULD LOVE TO INTRODUCE THEM.

ACTUALLY, I WILL HAVE THEM EACH SAY THEIR FAVORITE THING ABOUT DAWSON MIDDLE SCHOOL? AWESOME. OKAY, GREAT.

THANK YOU. CAM AND DOCTOR LEDBETTER AND BOARD OF TRUSTEES FOR HAVING US TODAY.

TODAY, I HAVE SOME EXTRAORDINARY DAWSON STUDENTS.

TONIGHT, I HAVE MOLLY GORDON, COLLINS ALONSO, AND ETHAN HENDERSON.

GOOD EVENING.

MY NAME IS MOLLY GORDON.

[00:15:01]

MY FAVORITE THING ABOUT DAWSON MIDDLE SCHOOL IS THE AMAZING TEACHERS AND ATHLETICS WITH MY FRIENDS.

THANK YOU.

GOOD EVENING. MY NAME IS COLLINS ALONSO.

I'M AN EIGHTH GRADER AT DAWSON MIDDLE SCHOOL.

MY FAVORITE THING ABOUT DAWSON IS THE ATHLETICS AND THE SUPPORTING COMMUNITY.

THANK YOU. NICE, THANK YOU.

GOOD EVENING. MY NAME IS ETHAN HENDERSON.

MY FAVORITE THING ABOUT DAWSON MIDDLE SCHOOL ARE THE AMAZING TEACHERS THAT TEACH US A VARIETY OF SUBJECTS INCLUDING MATH, US HISTORY, SCIENCE, AND LANGUAGE ARTS.

THANK YOU. AWESOME.

THANK YOU. MISS LEONARD, CAN WE TAKE PICTURES? YES. OF COURSE, THANK YOU.

[INAUDIBLE].

OKAY. OUR NEXT AGENDA ITEM IS PUBLIC COMMENTS.

[5. PUBLIC COMMENTS]

MISS YELTON, WILL YOU CALL THE FIRST SPEAKER, PLEASE? YES, SIR. THE FIRST SPEAKER IS MR. CHRIS KAUFMAN.

THANK YOU ALL FOR HAVING ME.

CAN YOU HEAR? OKAY. YOU BET.

I APPRECIATE YOU LETTING ME SPEAK TONIGHT.

I WANT TO JUST COME HERE AND LET YOU KNOW THAT I'M THE CITY MANAGER IN GRANBURY AND YOU HAVE STOLEN A FANTASTIC COMMUNITY LEADER THAT WE'VE ENJOYED FOR AS LONG AS HE'S BEEN IN GRANBURY.

I JUST WANT TO, I'VE GOT SOME NOTES HERE, BUT I'M NOT GOING TO FOLLOW IT.

I WANT YOU TO KNOW THAT DURING COVID, HE WORKED WITH OUR EMERGENCY MANAGEMENT TEAM LIKE YOU WOULDN'T BELIEVE AND OPENED UP SCHOOL FACILITIES.

WE HAD PLACES FOR PEOPLE TO GET INOCULATED THAT WANTED IT.

HE WAS WORKING TO KEEP THE KIDS SAFE.

WE'RE PROVIDING DISINFECTANT AND CHEMICALS AND CLEANING AGENTS TO HELP ANYWHERE IN THE COMMUNITY THAT NEEDED IT.

THE SENIOR CENTER, JUST ANYWHERE, CITY HALL, WHATEVER.

WE NEED TO WORK TOGETHER AND I'VE BEEN IN THIS BUSINESS AS A CITY MANAGER FOR 27 YEARS, AND I'VE NEVER EXPERIENCED THE AMOUNT OF COLLABORATION AND COOPERATION AND SUCCESS THAT DOCTOR GLENN HAS BROUGHT TO OUR COMMUNITY.

I WANT YOU TO KNOW THAT THIS GENTLEMAN IS TOP SHELF AND WE COULDN'T.

I DON'T KNOW WHAT WE'RE GOING TO DO WITHOUT HIM, BUT WE'RE GOING TO TRY TO FIGURE THAT OUT.

THERE'S BEEN A LOT OF THINGS GOING ON BEHIND THE SCENES THAT AREN'T VERY PLEASANT, POLITICALLY WISE AND IN OUR COMMUNITY AND WE ARE WHAT I CALL THE MECCA OF THE RABID RED AND WHETHER YOU LIKE THAT OR NOT, THAT'S WHAT WE ARE AND THERE'S THERE'S LOVE AND THERE'S HATE, AND THERE'S A GREAT AMOUNT OF STRIFE AMONG THE COMMUNITY AND I JUST WANT YOU TO KNOW THAT HE HAS RISEN ABOVE AND THROUGH THAT, AND HAS WALKED THE LINE OF INTEGRITY, AND HELD HIS SHOULDERS HIGH AND HIS HEAD UP, AND BEEN ABLE TO FACE ALL THE HATE.

I REMEMBER ONE DAY, AFTER THE SCHOOL BOARD HAD TAKEN SOME ACTION, THE SCHOOL BOARD TOOK ACTION.

THEY BLAMED HIM FOR IT.

ONE GENTLEMAN MET HIM OUT ON THE SIDEWALK AND SAID, YOU MAY HAVE WON THE WAR, BUT WE'RE GOING TO WIN THE BATTLE AND YOU'RE GOING TO GET WE'RE GOING TO GET OUR PEOPLE ELECTED AND ANYWAY, IT DIDN'T HAPPEN AND HE WITHSTOOD THAT FIRE.

I WENT THROUGH A SIMILAR FIRE IN 2021 AND WE WITHSTOOD IT FROM THEN TOO.

BUT I'M JUST TELLING YOU, YOU'VE GOT A MAN OF GOD HERE.

I THINK THAT YOU'RE READY TO VOTE ON HIM ALREADY, OR WE WOULDN'T BE STANDING HERE TODAY.

BUT WE'RE LOSING SOMEBODY AND THIS IS NOT ONE OF MY RUNNING BUDDIES.

I MEAN, IF I WAS A LITTLE YOUNGER, I WOULD HANG OUT WITH HIS GENERATION.

BUT AS YOU CAN SEE, I'M OLDER, BUT HE'S A GREAT GUY, AND WE'RE GOING TO MISS HIM.

AND YOU'RE VERY BLESSED TO HAVE HIM.

HE'S GOT INTEGRITY.

THAT'S UNQUESTIONABLE AND HE LIVES ABOVE REPROACH.

YOU'RE NOT GOING TO HAVE TO WORRY ABOUT SOMETHING SNEAKING UP.

YOU'RE NOT GOING TO HAVE TO WORRY ABOUT HIM DOING SOMETHING BEHIND THE SCENES.

[00:20:03]

THANK YOU, MR. KAUFMAN.

THE NEXT. THE NEXT SPEAKER IS MR. MICHAEL ROSS.

THANK YOU. MICHAEL ROSS, ALSO FROM GRANBURY.

I HAD A MY SON WAS A STUDENT OF GRANBURY ISD FOR SEVEN YEARS AND I WAS IN ROTARY WITH JEREMY.

COULDN'T AGREE MORE. HE'S 1 IN 1,000,000.

HE'S IS CERTAINLY ONE OF THE LEADERS OF OUR COMMUNITY.

DOCTOR GLENN IS HE WALKS THE TALK AND THERE'S THERE'S NO DOUBT ABOUT THAT.

I'VE GOT A LONG LIST OF THINGS I COULD SAY AS WELL, BUT THE MAIN THING IS HE IS 1 IN 1,000,000 AND WE'RE GOING TO MISS HIM SO MUCH.

BUT Y'ALL WILL YOU'RE GETTING A VERY GOOD INDIVIDUAL THERE.

THANK YOU FOR BEING HERE.

MISS SHELTON, IS THAT THE FINAL SPEAKER? WE HAVE NO OTHER SPEAKERS.

OKAY. ALL RIGHT. WE'RE MOVING ON TO ITEM NUMBER SIX, CONSIDERATION AND POSSIBLE ACTION ON ANY MATTERS ADDRESSED IN EXECUTIVE SESSION DR.

[6. CONSIDERATION AND POSSIBLE ACTION ON ANY MATTERS ADDRESSED IN EXECUTIVE SESSION]

YES, SIR. THANK YOU, MR. BRYAN.

IT IS MY PLEASURE TO RECOMMEND MR. JEFF BRADY AS THE EXECUTIVE DIRECTOR OF COMMUNICATIONS.

I MOVE THAT THE BOARD ACCEPT THE OFFERING OF THE JOB OF THE EXECUTIVE DIRECTOR OF COMMUNICATIONS TO MR. JEFF BRADY. SECOND.

WE HAVE A MOTION AND SECOND. ANY FURTHER DISCUSSION? OKAY. ALL IN FAVOR? MOTION CARRIES 7 TO 0.

CONGRATULATIONS, MR. BRADY. THANK YOU.

OKAY. 6.2 DOCTOR LEDBETTER.

YES. THANK YOU, MR. BRYAN.

IT IS ALSO MY PLEASURE ON BEHALF OF THE ADMINISTRATION, TO RECOMMEND MISS PATTY PARSONS AS THE EXECUTIVE DIRECTOR OF SPECIAL PROGRAMS. I MOVE THAT THE BOARD APPROVE THE HIRING OF MISS PATTY PARSONS FOR THE EXECUTIVE DIRECTOR OF SPECIAL PROGRAMS. SECOND. WE HAVE A MOTION.

AND SECOND. ANY FURTHER DISCUSSION? ALL IN FAVOR? MOTION CARRIES 7 TO 0.

CONGRATULATIONS, MISS PARSONS.

ALL RIGHT. ITEM 6.3.

CONSIDER AND TAKE POSSIBLE ACTION ON CONTRACT FOR NEW SUPERINTENDENT.

ALL RIGHT. THIS IS JUST ME. YOU'RE NOT GOING TO SAY ANYTHING.

OKAY. THAT WOULD BE AWKWARD, ACTUALLY, IF YOU DID.

I AM PROUD TO MAKE THIS MOTION AND THAT IS FOR THIS BOARD TO APPROVE THE HIRING OF DOCTOR JEREMY GLENN AS THE NEXT SUPERINTENDENT OF CARROLL ISD.

SECOND. WE HAVE A MOTION AND SECOND.

ANY FURTHER DISCUSSION? ALL RIGHT, HERE WE GO.

YOU READY? DOCTOR GLENN.

ALL IN FAVOR? MOTION CARRIES 7 TO 0.

CONGRATULATIONS, DOCTOR.

ALL RIGHT, IN JUST A SECOND.

WE'LL TAKE SOME PICTURES. LET'S JUST GET THROUGH THE 6.4 IF WE CAN 6.4 CONSIDER AND TAKE POSSIBLE ACTION REGARDING REQUESTED SALES.

CONTRACT EXTENSION ON REAL PROPERTY DISCUSSED IN EXECUTIVE SESSION.

I MOVE TO APPROVE REAL ESTATE PROPERTY SALES CONTRACT WITH REVISIONS AS DISCUSSED IN EXECUTIVE SESSION.

SECOND. WE HAVE A MOTION AND SECOND.

ANY FURTHER DISCUSSION? ALL IN FAVOR? MOTION CARRIES 7 TO 0.

OKAY, LET'S TAKE SOME PICTURES WITH THE NEW EMPLOYEES, SHALL WE? ALL RIGHT. [INAUDIBLE].

[00:26:42]

[7. Order Authorizing Defeasance and Redemption of all or a Portion of Certain Outstanding Debt of Carroll Independent School District]

MR. JOHNSON. THANK YOU, SIR. [INAUDIBLE] .

OKAY.

[INAUDIBLE]. IF WE COULD FLIP THROUGH THAT.

SORRY. APPARENTLY WE HAVE A LITTLE TECHNICAL DIFFICULTY.

SO TONIGHT, PRESIDENT BRYAN, MEMBERS OF THE BOARD I AM BRINGING TO YOU DEFEASANCE AND SO THE DEFEASANCE IS THE EARLY RETIREMENT OF DEBT.

IT'S EARLY PAYMENT OF PRINCIPAL AND THAT IS.

HERE WE GO. SORRY.

ANYWAY, THERE WE GO.

MAYBE NOT. I'M NOT SURE WHAT'S HAPPENING, SO I'LL GO THROUGH IT WITH WHAT'S ON THE SCREEN AND SO THE DEFEASANCE ON THE DEBT IS WE HAVE ROOM BETWEEN, I GUESS, THE AMOUNT OF TAXES THAT WE LEVY AND WHAT IS NECESSARY FOR THE PRINCIPAL BASED ON A FLAT TAX RATE AND WHAT THAT ALLOWS THE BOARD TO DO IS APPROVE THE EARLY RETIREMENT OF THE DEBT FOR THE 24-25 SCHOOL YEAR.

WE COULD FLIP.

TELL YOU WHAT, GUYS. LET ME JUST TAKE A MINUTE AND LOG IN HERE.

YEAH. THAT'S FINE. TAKE YOUR TIME. SORRY.

I APOLOGIZE, I THOUGHT THIS WAS READY.

[INAUDIBLE].

[00:31:59]

SORRY ABOUT THAT.

PRESIDENT BRYAN. SO, MEMBERS OF THE BOARD, I WILL TALK TONIGHT A LITTLE BIT ABOUT DEBT SERVICE AND DEFEASANCE.

OKAY, SO IN THE PRELIMINARY 2024-25 DEBT SERVICE FUND BUDGET, AFTER WE GOT THE CERTIFIED VALUES, OUR REVISED REVENUE FIGURES ARE GOING TO BE 43.8 MILLION. WE HAVE DEBT OBLIGATIONS.

OUR NORMAL AMORTIZATION OR DEBT PAYMENT IS 24.9 MILLION, PLUS SOME DEBT PAYMENT FEES OF APPROXIMATELY 20,000.

WHAT THAT LEAVES THE BOARD WITH IS THE OPTION BY KEEPING A LEVEL TAX RATE IS TO DEFEASE DEBT EARLY.

WHEN I TALK ABOUT DEFEASANCE DEBT EARLY, THIS IS LIKE PAYING YOUR MORTGAGE EARLY AND SO WHAT YOU'RE LOOKING AT HERE IS A SCHEDULE OF AVAILABLE DEBT THAT WE CAN PAY AHEAD OF SCHEDULE, WHICH ULTIMATELY RESULTS IN SAVING MILLIONS OF DOLLARS FOR THE SOUTHLAKE ISD SOUTHLAKE CARROLL TAXPAYERS AND SO AGAIN, THE DISTRICT TO MAINTAIN THE SAME INS RATE BASED ON THE INFORMATION I JUST SHARED WITH YOU IS $0.33 PER $100 VALUATION.

THAT DEBT RATE HAS BEEN IN EXISTENCE FOR SEVERAL YEARS.

TAXES COLLECTED ABOVE THE AMOUNT THAT I JUST DESCRIBED, APPROXIMATELY $18.8 MILLION, WOULD ALLOW THE DISTRICT TO REDUCE THAT DEBT, PAY BACK, PAY DEBT EARLY AND THERE'S MULTIPLE BOND ISSUES THAT I JUST SHARED WITH YOU ON THE PREVIOUS SCREEN, BASED ON THE INFORMATION OF THE TAX COLLECTIONS, MINUS THE DEBT PAYMENT THAT WE HAVE SCHEDULED.

THIS IS WHAT THE BOARD COULD CHOOSE TO DO WITH THE ADDITIONAL FUNDS.

SO RIGHT NOW AND THIS IS AN ESTIMATE, IT'S ABOUT $18.3 MILLION.

IF THE BOARD CHOOSES TO KEEP THE TAX RATE THE SAME AND PAY THIS DEBT OF AHEAD OF SCHEDULE, IT WOULD SAVE.

IT WOULD TAKE $18 MILLION OFF OF THE AMORTIZATION SCHEDULE AND SAVE ABOUT $6 MILLION IN INTEREST OVER THE TERM THAT WE WOULD OTHERWISE PAY.

SO YOU'RE LOOKING AT APPROXIMATELY WITH INTEREST AND WHAT WE'RE SAVING.

THAT'S THAT $24.8 MILLION, 24.8 MILLION.

CORRECT. THAT WOULD COME OFF OF THE TOTAL AMOUNT OF DEBT TO BE RETIRED AND SO WHEN WE LOOK AT CARROLL ISD BONDED DEBT APPROXIMATELY IN EIGHT AS OF AUGUST 31ST, 2021, THERE WAS ABOUT $450 MILLION.

THAT'S INTEREST AND PRINCIPAL AND BASED ON THE CURRENT AMORTIZATION SCHEDULE, IF THE DISTRICT CHOOSES, IF THE BOARD CHOOSES TO DEFEAT THE DEBT EARLY WITH THE CURRENT PAYMENT, WE WOULD REDUCE THAT BY 37% IN FIVE YEARS AND THAT'S THE TWO THAT WE WOULD LEAVE US AS OF 630 2025, BE $214 MILLION IN PRINCIPAL, $68 MILLION IN INTEREST FOR A TOTAL AND OUTSTANDING DEBT PAYMENT OF $283,238,283.5 MILLION. THE NEXT STEP AND WE'RE TALKING ABOUT TAX RATE IN THE NEXT PRESENTATION.

IF THE IF THE BOARD SO CHOSE.

WE CAN LEAVE THAT TAX RATE THE SAME, AND THEN WORK WITH THE FINANCIAL ADVISORS AND BOND COUNSEL TO COMPLETE THAT TRANSACTION IN MAY, WHICH IS AT THE END OF THE TAX

[00:35:08]

HAPPY TO ANSWER ANY QUESTIONS I MAY.

SO I KNOW TWO YEARS AGO THIS BOARD YOU KNOW, MADE THE DECISION THAT WE WOULD RATHER KEEP THE INS TAX RATE THE SAME SO THAT WE COULD DO THIS VERY THING. IT'S BETTER TO BE DEBT FREE THAN HAVE A WHOLE BUNCH OF DEBT, LIKE ALL THESE SCHOOL DISTRICTS AROUND US THAT HAVE JUST SOLD BILLIONS OF DOLLARS WORTH OF BONDS, AND THEY'RE GOING TO BE INDEBTED OUT TO 30, 40 YEARS WITH THEIR TAXPAYERS AND WE WANT TO WE DON'T WANT TO DO THAT HERE IN CARROLL ISD.

WE WANT TO MAKE SURE THAT WE ARE BEING GOOD FIDUCIARIES OF THE TAXPAYER DOLLAR AND YOU KNOW, WE APPRECIATE YOU, MR. JOHNSON, FOR GRABBING AHOLD OF THIS AND CONTINUING TO FIGURE OUT HOW WE CAN PAY DOWN OUR BOND DEBT AND SO I WANT TO GO BACK TO AND MAYBE GO BACK TO THAT SLIDE.

MAYBE IT WAS THE FIRST OR SECOND ONE WHERE YOU HAD THE CALLS WHICH DEBT CAN BE CALLED.

SO CAN YOU EXPLAIN THIS TO THE COMMUNITY AS WE CAN'T JUST AS WE SAVE MONEY, WE CAN'T JUST PAY OFF A BOND DEBT. RIGHT? SO IT HAS TO REACH A CERTAIN AGE IN ACCORDANCE WITH THE BOND STIPULATIONS FOR US TO BE ABLE TO THEN TAKE MONEY FROM ESCROW OR SAVINGS OR WHATEVER WE'RE CALLING IT AND PAY OFF THAT DEBT.

CORRECT? YES, SIR.

IT IS AND SO WHEN THE DISTRICT SELLS BONDS, INVESTORS BUY THOSE WITH THE ASSUMPTION THAT THEY'LL HAVE THAT RETURN ON THE INVESTMENT AND SO THEY SET CALL DATES.

THAT'S THE DATE AT WHICH THEY'RE WILLING TO FOREGO THE INVESTMENT THAT THEY'VE GOT AND SO IN THE SECOND FROM THE RIGHT COLUMN, THE CALL DATES YOU SEE CURRENTLY CALLABLE NON-CALLABLE, THOSE ARE THE TWO CATEGORIES AND SO LET ME TALK A LITTLE BIT ABOUT THE CALLABLE BONDS AND THERE ARE THREE CATEGORIES OF CALLABLE BONDS.

WE'VE GOT THE BUILD AMERICA BONDS.

WE'VE GOT THREE CATEGORIES OF THOSE AND THEY ARE CALLABLE.

CURRENTLY, THE CHALLENGE WITH CALLING THOSE CALLABLE BONDS IS THE BUILD AMERICA BONDS WERE ISSUED IN THE 2009 TEN ERA, AND THEY WERE ISSUED AT TAXABLE RATES AND WITHIN THAT TAXABLE RATE TO INVESTORS, WE PAY A LITTLE BIT HIGHER IN INTEREST EXPENSE TO THOSE INVESTORS.

BUT WE GET AN OPERATIONAL REBATE, WE CALL IT AND I THINK I'VE TALKED ABOUT IT A LITTLE BIT.

WHEN WE ADOPT THE BUDGET, WE HAVE THE BUILD AMERICA BOND REBATES AND SO WE PAY THE TAXABLE RATES ON THE INS, BUT WE GET THE DIFFERENCE TO BRING THEM DOWN TO A NET TAX EXEMPT YIELD ON THE M&O AND SO THE NET BENEFIT OR THE NET COST TO THE DISTRICT IS A TAX EXEMPT SIMILAR TO OTHERS.

THE BENEFIT OF THESE BONDS IS IT GETS US ABOUT $1.6 MILLION IN ANNUAL OPERATING REVENUE THAT WE DO USE ON THE MAINTENANCE AND OPERATION.

AND SO WE WOULDN'T WANT TO CALL THOSE BONDS, BECAUSE IF WE CALLED THOSE BONDS, WE WOULD LOSE THAT BENEFIT.

THE REMAINDER OF THOSE ARE ALL CALLABLE AND SO FOR THOSE THAT ARE IN THE 2025, 25 OR 26 AND 27.

THEY WOULD PUT THAT MONEY, THEY WOULD TAKE THOSE TAX COLLECTIONS, PUT THEM INTO AN ESCROW ACCOUNT, INVEST THOSE IN TAX EXEMPT SECURITIES AND WHEN IT CAME TIME TO REDEEM THOSE BONDS, THEY WOULD PAY THOSE BONDS OFF.

AT THAT TIME, THEY WOULD COME OFF OF OUR BALANCE SHEET WHEN WE PUT THE MONEY INTO ESCROW.

BUT THEY WOULDN'T TECHNICALLY DEFEASE THOSE UNTIL THE MATURITY DATE OR CALL DATE AS DEFINED.

RIGHT AND SO WHAT THIS MEANS TO THE COMMUNITY, INSTEAD OF CARRYING DEBT THROUGH 2044, IF WE CONTINUE TO DEFEASE, THE DEBT WILL BE ESSENTIALLY OTHER THAN THE BONDS WILL BE ESSENTIALLY DEBT FREE IN 6 OR 7 YEARS AND I WOULD CHALLENGE ANYBODY TO GO LOOK UP AND SEE IF THERE'S ANY SIX A SCHOOL DISTRICT IN THE STATE OF TEXAS THAT HAS NO BOND DEBT.

RIGHT AND I THINK THAT IS AN AMAZING MOVE ON YOUR PART TO BE ABLE TO FIGURE THAT OUT, TO GET US ESSENTIALLY DEBT FREE AND GUESS WHAT THAT MEANS? LOWER TAXES. THAT MEANS LOWER TAXES, RIGHT? AND THAT'S A HUGE TAX BREAK, RIGHT? BECAUSE RIGHT NOW WE'RE $0.33 ON EVERY $100 VALUE.

RIGHT. THAT'S CORRECT AND SO THAT'S CORRECT.

THAT'S HUGE. SO YOU TAKE THAT $0.33 OFF AND THAT'S NOW WE'RE TALKING REAL TAX RATES RIGHT.

THE STATE LEGISLATURE THIS YEAR GAVE US WHAT WE WERE AT $0.21, $0.24 THAT THEY REDUCED IN THE COMPRESSION.

THEY DID THAT LAST CYCLE.

RIGHT. THIS CYCLE WE GOT VERY LITTLE TAX COMPRESSION.

RIGHT. OKAY AND SO YOU KNOW, WHEN WE'RE TALKING TO THE COMMUNITY WE'RE TALKING ABOUT TAX BREAKS.

YOU KNOW, WE WANT TO PAY OFF OUR DEBT AND THAT MAKES A LOT OF SENSE.

IT MAKES A LOT OF SENSE EVERYWHERE WE DO THAT AT HOME AND WE CERTAINLY DON'T WANT TO ENCUMBER THE SCHOOL DISTRICT WITH HUNDREDS OF MILLIONS AND MAYBE EVEN BILLIONS OF DOLLARS WORTH OF DEBT FOR 30, 40, 50 YEARS.

IF WE DON'T HAVE TO CORRECT SUBSTANTIAL DECREASE, 37% DECREASE IN FIVE YEARS IS PRETTY AMAZING.

SO, MR. JOHNSON, I DON'T HAVE A QUESTION.

I JUST WANT TO, LIKE, CELEBRATE.

I MEAN, YOU COMPARED THIS TO PEOPLE'S MORTGAGES AND WHO PAYS OFF THEIR MORTGAGE? WHEN DOES THAT EVER HAPPEN? I MEAN, WE'RE STARTING TO PAY DOWN DEBT AND FULFILL SOME COMMITMENTS THAT ALL OF US MADE TO BALANCE THE BUDGET AND REDUCE OUR DEBT AND WE'RE DOING THAT RIGHT NOW

[00:40:08]

SO I JUST WANT TO PRAISE THE DISTRICT AND YOUR LEADERSHIP AND EVERYTHING WE'RE DOING TO MEET THOSE COMMITMENTS AND IT ALSO PUTS US IN PRIME POSITION IN CASE WE NEED TO HAVE A SHORT TERM LOAN OR SOMETHING LIKE THAT, FOR OUR MUCH NEEDED CAPITAL IMPROVEMENTS AND PRESERVATION OF SOME OF OUR BUILDINGS.

WE CAN ABSORB SOME OF THAT WITHOUT, YOU KNOW, REALLY ANY IMPACT ON THE TAXES TO OUR TAXPAYERS IN OUR COMMUNITY.

CORRECT? ABSOLUTELY.

SO WE'RE JUST SETTING IT UP FOR US TO BE IN A GREAT POSITION MOVING FORWARD FOR YEARS AND YEARS TO COME AND NOT BE BURDENED BY ALL OF THESE BOND DOLLARS.

ABSOLUTELY. NO OTHER QUESTIONS AND I THINK THAT CONCLUDES AND SO IT'S JUST A MATTER OF THE BOARD.

WE NEED TO TAKE ACTION A MOTION ANDREW I THINK DO WE HAVE A MOTION FIRST AND THEN READ.

DO WE NEED TO READ. YOU DON'T NEED.

NO. IT'S THE RESOLUTION IS PRESENTED AND SO ONE OF THE THINGS THAT I DO WANT TO POINT OUT ABOUT THAT DEBT RESOLUTION, IT DOES NOT STATE AN AMOUNT AND SO IF THE BOARD CHOOSES DEPENDING ON WHAT THE BOARD'S FURTHER ACTIONS ARE, WE COULD REDUCE WE COULD NAME THE AMOUNT IN NEXT SPRING WHEN IT COMES TIME TO MAKE THOSE BONDS OR WHEN WE WOULD DEFEASE THOSE BONDS. ALRIGHT.

VERY GOOD. I MOVE THAT THIS BOARD APPROVE THE AS PRESENTED THE CASH TO EASEMENT OF BONDED DEBT.

SECOND. MOTION AND SECOND.

ANY FURTHER DISCUSSION OKAY.

ALL IN FAVOR? MOTION CARRIES 7 TO 0.

THANK YOU, MR. JOHNSON.

WE WILL MOVE ON TO AGENDA ITEM NUMBER EIGHT, WHICH IS A PUBLIC HEARING ON THE CARROLL ISD PROPOSED 2024 TAX RATE.

[8. PUBLIC HEARING TO DISCUSS 2024-2025 PROPOSED TAX RATE]

AND I WILL ASK THE ADMINISTRATION TO TAKE US THROUGH A PRESENTATION REGARDING THE 2024 PROPOSED TAX RATE.

MR. JOHNSON? YES.

JUST ONE SECOND.

OKAY. THIS IS THE AGENDA FOR TONIGHT.

I'M GOING TO TALK A LITTLE BIT ABOUT WHAT'S HAPPENED WITH THE SOUTHLAKE TAX BASE.

WE'LL TALK ABOUT THE RATES SOME UNIQUENESSES ON THE TAX RATE ADOPTION LANGUAGE AND THEN FINALLY THE APPENDIX IS PART OF THE APPENDIX.

WE ARE REQUIRED TO PUT THE STATE COMPTROLLER TAX RATE CALCULATIONS.

SO THIS IS THE ASSESSED VALUATION GROWTH OVER THE PAST TEN YEARS AND WE WENT FROM 12.5 NET TAXABLE TO 20 TO 13.4 AND 2024, WHICH IS ABOUT AN 8% INCREASE.

SO I WANT TO SPEND A FEW MINUTES ON THIS SLIDE.

SO WHAT THIS IS OUR ACTUAL TAX RATES THAT YOU WOULD SEE ON YOUR TAX BILL FROM THE PAST THREE YEARS, AND THE CURRENT PROPOSED THE MAXIMUM COMPRESSED RATE, AS WE ALL KNOW, IS DETERMINED BY THE STATE.

IT DETERMINED IT IS. IT DETERMINES HOW MUCH YOU PAY LOCALLY ON YOUR TIER ONE FUNDING.

THE ENRICHMENT TAX RATE OR TIER TWO TAX RATE IS DETERMINED BY THE BY THE BOARD.

THAT IS STAYING THE SAME.

THE COMBINATION OF THE M&O TAX RATE, THE MAXIMUM, THE MCR MAXIMUM COMPRESSED RATE AND THE ENRICHMENT RATE IS 0.6669, WHICH IS A DECREASE OF ABOUT A HALF A PENNY PER $100 OF VALUATION.

SO, MR. JOHNSON, SORRY TO CUT YOU OFF, BUT I REALLY WOULD LIKE TO FOR YOU TO REMIND THE COMMUNITY AGAIN ABOUT THIS M&O TAX RATE AND THAT IT IS DETERMINED BY FORMULA, BY THE STATE. AND WE HAVE VERY LITTLE WIGGLE, WIGGLE ROOM UP AND DOWN, BECAUSE WE GET QUESTIONS ALL THE TIME FROM COMMUNITY MEMBERS THAT SAYS THAT.

WELL, YOU KNOW, YOU'RE PAYING $38 MILLION IN RECAPTURE.

WHY DON'T YOU JUST REDUCE THE TAX RATE.

SO WE'RE NOT PAYING ANYTHING AND YOU JUST HAVE TO BE WITHIN 90% RIGHT, OF THAT TAXABLE RATE OF EVERY ISD IN THE DISTRICT AND SO THERE'S REALLY NOT THAT MUCH ROOM THAT WE CAN GO UP AND DOWN WITH THIS TAX RATE.

IS THAT CORRECT? SO ON THE MAXIMUM COMPRESSED RATE THAT IS BASED ON FORMULA.

SO IF WE WENT BACK TO THE PREVIOUS SLIDE, THEY LOOK AT YOUR TAX BASE GROWTH AND BASED ON THE TAX BASE GROWTH WE SUBMIT THAT INFORMATION TO THE STATE.

THEY GIVE US THE MCR.

WE HAVE ZERO FLEXIBILITY TO REDUCE THE MCR AND EVEN THOUGH TO YOUR POINT, WE COLLECT MORE TAXES ON THAT MCR, IF WE WEREN'T TO ADOPT THAT MCR, IT WOULD COST US MILLIONS OF DOLLARS.

WE HAVE NO FLEXIBILITY IN NOT ADOPTING THE MCR.

IT'S THE TIER ONE RATE.

THE ENRICHMENT RATE IS THE LOCAL DISCRETION THAT LOCAL DISTRICTS HAVE.

WE GET ABOUT $1.2 MILLION FOR EACH ONE OF THOSE AND OF COURSE, I KNOW THAT THE BOARD REMEMBERS THIS, BUT WE ADOPTED AN $8.5 MILLION DEFICIT, SO ANYTHING THAT WE WOULD DO WOULD COMPOUND OUR FINANCIAL DISTRESS.

IT WOULD INCREASE THAT DEFICIT.

SO THE BOARD HAS ADOPTED THE FIVE PENNIES.

GOSH. FOR THE LAST YEAR AND TWO YEARS AGO, LAST YEAR, THE 2223 YEAR, WE ADOPTED A DISASTER PENNY AND THAT WAS DUE TO ALL THE DAMAGE THAT HAPPENED FROM THE ICE STORM. AFTER THAT, WE DROPPED IT BACK DOWN.

BUT TO YOUR POINT, PRESIDENT BRYAN, NO, YOU CAN'T DROP THE M&O TAX RATE WITHOUT TAKING A BIG FINANCIAL HIT AND THAT IT'S, AGAIN, IT'S DETERMINED BY THE

[00:45:02]

CLEARLY WE WENT THROUGH THAT ON THE LAST PRESENTATION AND HAVE MADE STRIDES FOR THE DEBT.

SAVING THE TAXPAYERS MILLIONS OF DOLLARS IN THAT AND SO JUST AS A REMINDER, WITH THE ENRICHMENT TAX RATE, THERE'S A BOARD CAN LEVY UP TO FIVE PENNIES WITHOUT VOTER VOTER APPROVAL AND THOSE FIVE PENNIES ARE WHAT THEY CALL GOLDEN PENNIES, WHICH HAS NO IS NOT SUBJECT TO RECAPTURE WHATSOEVER.

CORRECT. RIGHT AND SO THERE'S EIGHT GOLDEN PENNIES AVAILABLE.

ANYTHING ABOVE THE FIVE WE WOULD HAVE TO GO OUT AND GET VOTER APPROVAL.

SO THERE'S THREE ADDITIONAL GOLDEN PENNIES THAT WE COULD DO THAT'S NOT SUBJECT TO RECAPTURE AND THAT EQUATES TO ABOUT $3 MILLION, ABOUT 3.6.

IT'S CHANGED ONE PENNY.

YEAH AND THEN THERE'S WHAT, NINE COPPER PENNIES AFTER THAT.

WHICH 60% OF THAT GOES BACK TO RECAPTURE.

CORRECT? CORRECT. BASED ON THE CURRENT FORMULA.

YES AND SO WE HAVE OPTED AS A BOARD NOT TO GO OVER AND NOT TO GO OUT TO THE COMMUNITY AND RAISE THEIR TAXES.

AND AS A RESULT, WE HAVE ONE OF THE LOWEST EFFECTIVE TAX RATES IN THE NORTH TEXAS AREA AND SO JUST BECAUSE IT LOOKS LIKE YOUR TAX BILL IS A LITTLE BIT HIGHER, THAT'S BECAUSE WHY PROPERTY VALUES ARE INCREASING.

IT'S NOT THAT WE'RE INCREASING THE TAX RATE FROM THE ENRICHMENT TAX RATE.

CORRECT. THAT IS CORRECT AND I THINK THAT'S WHAT I REALLY WANTED THE PUBLIC TO HEAR IS WE DID NOT THE BOARD IS NOT I'M NOT PROPOSING TO INCREASE THE TAX RATE AND YOU KNOW WHAT'S CHALLENGING, AND I GUESS THAT'S A GOOD SEGUE INTO THE NEXT SLIDE IS THE LANGUAGE TO ADOPT AND SO WHEN WE LOOK AT THE LANGUAGE TO ADOPT, WE'VE GOT TWO.

COMPONENTS. WE'VE GOT A NO NEW REVENUE TAX RATE AND I'LL TALK ABOUT THAT ON THE NEXT SLIDE AND THEN WE'VE GOT THIS YEAR'S PROPOSED RATE, WHICH IS THE ACTUAL TAX RATE THAT WILL SHOW UP ON BILLS AND SO THE LANGUAGE IS CLEARLY SAYING THAT I MOVE THAT THE PROPERTY TAX RATE BE INCREASED BY THE ADOPTION OF A RATE OF 0.9 AT A RATE OF 9.969, WHICH IS EFFECTIVELY A 3.66% INCREASE IN THE TAX RATE.

THAT IS ALL STEMMING FROM THE NO NEW REVENUE RATE.

SO LET ME JUMP FORWARD TO THE NO NEW REVENUE RATE AND WHAT THE NO NEW REVENUE RATE, NO NEW REVENUE RATE DOES IS IT LOOKS TO PRODUCE EXACTLY THAT.

IT LOOKS TO PRODUCE THE SAME LEVEL OF TAX REVENUE AS IN THE PRIOR YEAR.

IT IS A LEVY BASED CALCULATION.

WE KNOW THAT'S NOT HOW DISTRICTS ARE FUNDED.

NOW THIS IS APPLICABLE TO MUNICIPALITIES, COUNTIES, OTHER TAXING ENTITIES THAT ARE NOT FUNDED LIKE WE'RE FUNDED.

IT YOU KNOW, I THINK IN BASIC TERMS, IF YOU LOOK AT LAST YEAR'S REVENUE AND YOU HAD AN INCREASE IN YOUR TAX BASE AS WE DID.

YOU COULD LOWER THE TAX RATE.

WELL, IF YOU'RE A MUNICIPALITY, YOU CAN DO THAT WITHOUT A FINANCIAL HIT.

BUT LIKE WE JUST DISCUSSED, PRESIDENT BRYAN, THAT IS NOT AFFORDED TO ISD.

WE ARE FUNDED ON TAX EFFORT AND AS A RESULT WE HAVE TO USE THE LANGUAGE THAT SAYS WE'RE INCREASING.

CLEARLY WE ARE NOT INCREASING THE TAX RATE.

I'M NOT PROPOSING THAT WE INCREASE THE TAX RATE.

IT IS REQUIRED IN TAX CODE 2605 TO ADOPT A TAX RATE USING THAT MOTION LANGUAGE.

I HAVE TALKED TO MULTIPLE DISTRICTS.

WE ALL KIND OF HAVE THE SAME HEAD SCRATCHING MOMENTS.

BE THAT AS IT MAY, THAT IS HOW IT WAS DECIDED TO PRESENT AND ADOPT TAX RATES.

SO IF WE WERE TO MOVE FORWARD WITH THIS, THAT MOTION IS STATUTORY, WE HAVE NO OPTION BUT TO ADOPT THAT MOTION.

CORRECT? THAT IS CORRECT. SO AND YOU EXPLAINED IT REALLY GOOD.

BUT I'M JUST GOING TO REPEAT IT.

WHEN PROPERTY VALUES GO UP LIKE THEY DO EVERY YEAR IN OUR COMMUNITY.

THE NO NEW REVENUE TAX RATE IS CALCULATED.

IT GOES DOWN.

CORRECT. SO THAT RATE THEN PRODUCES THE SAME AMOUNT OF REVENUE AS WE HAD THE YEAR PRIOR.

CORRECT. BUT WE ALL KNOW THAT WE HAVE TREMENDOUS AMOUNT OF INFLATION.

EXPENSES CONTINUE TO INCREASE THROUGH THE ROOF.

IF WE WERE TO KEEP JUST A STEADY REVENUE FOR EVERY SINGLE YEAR, WE WOULD BE OUR DEFICIT WOULD BECOME GREATER AND GREATER AND GREATER AND GREATER UNLESS SOME OF OUR ELECTED OFFICIALS DOWN IN AUSTIN DECIDE TO DO SOMETHING IN THE 89TH LEGISLATIVE SESSION.

CORRECT. SO CORRECT. WE'RE STILL CROSSING OUR FINGERS AND LIMPING ALONG THROUGH THE SALE OF PROPERTY TO BE ABLE TO BALANCE OUR BUDGET UNTIL WE SEE WHAT HAPPENS IN THE 89TH LEGISLATIVE SESSION AND, YOU KNOW, JUST HOPING THAT WE AS A BOARD AND A DISTRICT CAN LOBBY THESE GUYS INTO, YOU KNOW, GETTING THEIR HEAD OUT OF THE SAND AND ACTUALLY DOING SOMETHING FOR PUBLIC SCHOOL FUNDING HERE IN THE STATE OF TEXAS AND ISN'T IT CORRECT THAT THE STATE OF TEXAS IS 41ST OUT OF THE 50 STATES IN THE NATION IN TERMS OF FUNDING PER STUDENT? 42ND. IT IS 42ND.

THAT'S IN THE VIDEO THAT I SHARE WITH WITH THE GROUPS OFTEN AND DID YOU KNOW, DID YOU TELL ME THAT WE USED TO BE FOURTH LOWEST OUT OF 1200

[00:50:01]

80% OF THE FUNDING IS WHAT PRESIDENT BRYAN JUST DESCRIBED.

WE'RE IN THE BOTTOM. SO IN THE NATION OF 40, WE'RE 42ND IN THE NATION AND WE'RE AT THE VERY BOTTOM FOR TEXAS ISD.

SO HUGE FINANCIAL CHALLENGES AND SO VERY LITTLE ROOM FOR US TO MAKE ANY DECISIONS OTHER THAN THIS.

THANK YOU. SO HOPEFULLY EVERYBODY UNDERSTANDS THE NO NEW REVENUE RATE.

IT IS A COMPARISON NUMBER.

IT IS CERTAINLY NOT REPRESENTATIVE OF HOW WE'RE FUNDED AND CAN ONLY PRODUCE A NEGATIVE IMPACT.

IF SOMEBODY WERE TO THINK THAT WE WERE ABLE TO REDUCE TO THE NO NEW REVENUE RATE AND I GET IT, MR. JOHNSON, BECAUSE YOU HEAR FROM, YOU KNOW, OUR OFFICIALS IN TARRANT COUNTY, YOU HEAR FROM EVEN SOUTHLAKE CITY COUNCIL ADOPTED RATE NOT TO EXCEED THE NO NEW REVENUE RATE.

YOU SAID SOMETHING EARLIER THAT JUST KIND OF PASSED BY, AND THAT IS MUNICIPALITIES, COUNTIES.

THEY'RE DIFFERENT THAN SCHOOL DISTRICTS.

IF WE WERE TO ACTUALLY KEEP WHAT THEY KEEP IN TERMS OF NO NEW REVENUE TAX RATES, WE ACTUALLY LOSE MILLIONS OF DOLLARS.

ABSOLUTELY. VERSUS VERSUS THEM.

CORRECT. RIGHT. CORRECT AND SO IT'S JUST PART OF THE CRAZY SCHOOL FINANCE WORLD THAT WE LIVE IN, BUT IT'S STILL A IN THE MINDS OF OUR COMMUNITY. IT'S STILL A, YOU KNOW, AND I DON'T THINK HOW MUCH I MEAN, AS MUCH AS WE TALK ABOUT IT AND TALK ABOUT IT AND TALK ABOUT IT, WHEN YOU PUT A MOTION OUT THERE THAT SAYS, I MOVED TO RAISE PROPERTY TAXES.

THAT'S ALL ANYBODY IS GOING TO HEAR.

CORRECT AND SO WHAT I WOULD LIKE TO CHALLENGE YOU, MR. JOHNSON AND NOW, DOCTOR GLENN, IS THAT, YOU KNOW LET'S FIGURE OUT A WAY WHERE WE CAN MESSAGE THIS, THAT WE CAN, YOU KNOW, COME UP WITH SOME INNOVATIVE SOLUTIONS THAT IF WE HAVE TO RAISE THAT MCR BY YOUR PROJECTED 3.62%, IS THERE ANYTHING ELSE WE CAN DO ON THE TAX FRONT TO LOWER THOSE TAXES? SO THE TOTAL TAX RATE REMAINS THE SAME AND WE'RE STILL AT THAT STEADY LEVEL WE CAN LOOK AT.

THE ONLY OPTION WOULD BE THE I&S CLEARLY THE ONLY OPTION WOULD BE THE I&S AND I THINK MY CONCERNS WITH ADJUSTING THE I&S.

I THINK THAT WHEN I LOOK AT WHAT OUR CAPITAL NEEDS ARE, WE HAVE A $350 MILLION FACILITY ASSESSMENT.

WE HAVE A LOT OF ATHLETIC FIELDS NEEDS.

WHEN WE START LOOKING AT OUR AREAS OF OPERATIONS AND WHAT WE KNOW THAT WE'RE GOING TO HAVE TO PAY IN THE FORESEEABLE FUTURE.

THAT'S MY CONCERN, IS THAT IF WE LOWERED THAT DOWN AND WE HAD TO DO SOMETHING IN THE NEAR FUTURE, THAT WE WOULD HOPEFULLY WE WOULD BE ABLE TO KEEP IT THE SAME THAT WOULD BE MY GOAL. I MEAN, I TOTALLY GET THAT, BUT I THINK THIS BOARD OWES IT TO OUR COMMUNITY AND WE DON'T HAVE TO ADOPT THIS RATE UNTIL OUR SEPTEMBER 23RD, IS THAT CORRECT? YOU CHECKED IN THAT AND THAT HAPPENS TO BE OUR NEXT REGULAR.

CORRECT. BOARD MEETING AND SPEND THE NEXT 30 DAYS OR SO JUST KIND OF THINKING AND BRAINSTORMING ON WHAT ARE SOME OF THE THINGS THAT WE CAN DO TO OFFSET THIS.

I KNOW I'M GOING TO CALL IT AN INCREASE, BUT IT REALLY ISN'T OBVIOUSLY CORRECT.

SO WOULD THAT BE POSSIBLE, MR. JOHNSON, FOR US TO DO THAT? I'D BE HAPPY TO. OKAY, TRUSTEE SEXTON, YOU HAVE SOMETHING? NO, I DO.

TRUSTEE. SO MY QUESTION IS, I KNOW WE JUST PUT TOGETHER THIS BUDGET REDUCTION COMMITTEE.

WHEN IS THEIR FIRST MEETING? IT'S GOING TO BE ON SEPTEMBER 11TH, AND WE HAVE TO MAKE A DECISION BY SEPTEMBER 23RD.

IS THERE ANY WAY TO HAVE THEM MEET SOONER SO THAT THEY CAN, YOU KNOW, EVALUATE THIS? I THINK WE PUT TOGETHER A REALLY GREAT TEAM WITH A LOT OF FINANCIAL BACKGROUND.

IT WOULD BE GREAT TO HAVE OUR COMMUNITY'S INPUT IN THIS TYPE OF A DECISION.

IS THERE ANY WAY TO GET THAT IN FRONT OF THEM? IS WE CAN CERTAINLY DOCTOR LEDBETTER AND DOCTOR GLENN AND I CAN CERTAINLY TALK ABOUT THAT.

OKAY. THANK YOU.

I DO THINK THAT WOULD BE A GROUP, BECAUSE THE PEOPLE IN THAT GROUP HAVE A LOT OF EXPERIENCE IN THE FINANCIAL WORLD.

AND THEY COULD ACTUALLY, YOU KNOW, BRAINSTORM AS WELL AND HELP US OUT IN THAT REGARD.

BUT I DO THINK THAT THERE'S WAYS THAT WE CAN YOU KNOW, DO SOMETHING OTHER THAN JUST RUBBER STAMP IT AND DO THIS MOTION AND MOVE FORWARD, BECAUSE I KNOW THAT THERE ARE SCHOOL DISTRICTS THAT ARE NEIGHBORS OF OURS TO THE EAST AND WEST THAT ARE GOING TO ADOPT THIS A RATE ABOVE THE EFFECTIVE RATE OR THE NO NEW REVENUE TAX RATE AND YOU KNOW, I DON'T KNOW IF THERE'S ANY DISTRICT IN NORTH TEXAS THAT IS ACTUALLY THINKING ABOUT, WELL, LET'S TRY TO SAVE SOME OF OUR TAXPAYERS SOME MONEY AND KEEP IT, KEEP IT WHERE IT IS.

SO I THINK WE OWE IT TO OUR COMMUNITY TO DO THAT DUE DILIGENCE AND IF WE DO THAT, AND IT TURNS OUT THAT THERE'S REALLY NOTHING THAT WE CAN DO, THEN, YOU KNOW, WE JUST HAVE TO MOVE

[00:55:07]

YES, SIR. APPRECIATE THAT.

ALL RIGHT AND THEN WE'VE GOT THE PUBLIC HEARING.

DIDN'T KNOW. OKAY. WE'LL RECOGNIZE ANY SPEAKERS WHO HAVE NOT ALREADY SPOKEN TONIGHT.

THEY MAY WANT TO SPEAK ON THIS SUBJECT.

OKAY. HEARING NONE.

MR. JOHNSON, WITH THAT, WE WILL CLOSE THE PUBLIC HEARING, AND WE CONCLUDE.

YEAH. LET ME LET ME READ. THIS CONCLUDES THE PUBLIC HEARING ON THE PROPOSED 2024 TAX RATE FOR THE 2024-25 FISCAL YEAR.

THE HEARING IS NOW CLOSED.

CAN I GET A MOTION? DO I MOVE TO CLOSE IT OR DO I MOVE TO.

THANK YOU. SIR. WHAT I WOULD LIKE TO DO, PRESIDENT BRYAN AND TRUSTEES IS I PROPOSE THAT ANY ACTION ON THE 2024 TAX RATE BE POSTPONED.

SECOND. OKAY, WE GOT A MOTION AND SECOND.

ANY FURTHER DISCUSSION? ALL IN FAVOR? MOTION CARRIES 7 TO 0.

THANK YOU, MR. JOHNSON, FOR YOUR PATIENCE ON THAT.

THANK YOU. OKAY.

MOVING ON TO ITEM NUMBER EIGHT.

[9. PRESIDENT'S REPORT]

WE HAVE THE PRESIDENT'S REPORT, 9.1 COMMUNITY UPDATE AND COMMITTEE REPORTS.

I HAVE A COUPLE UPDATES.

DO WE HAVE ANYTHING ELSE, MR. JOHNSON, OR. WE HAVE THE INSURANCE.

I DON'T KNOW WHERE IT IS ON THE AGENDA.

IS IT OKAY? THAT'S FINE.

SORRY. YEAH. THAT'S OKAY. [INAUDIBLE].

I DIDN'T SEE IT ON HERE.

OKAY. I HAVE A COUPLE UPDATES FOR THE COMMUNITY.

[10. SUPERINTENDENT'S REPORT]

WE'RE EXCITED TO APPROVE DOCTOR JEREMY GLENN AS OUR NEXT SUPERINTENDENT AT CARROLL ISD.

DOCTOR GLENN IS A MAN OF INTEGRITY AND CHARACTER, EXEMPLIFYING THE VALUES THAT OUR FOUNDATIONAL THAT ARE FOUNDATIONAL TO OUR COMMUNITY.

WITH A WEALTH OF EXPERIENCE AND EDUCATIONAL LEADERSHIP, HE BRINGS A VISIONARY APPROACH AND A COMMITMENT TO EXCELLENCE.

WE ARE CONFIDENT THAT UNDER HIS GUIDANCE AND LEADERSHIP, OUR SCHOOLS WILL CONTINUE TO THRIVE IN OUR STUDENTS WILL REACH NEW HEIGHTS.

DOCTOR GLENN'S OFFICIAL START DATE IS SEPTEMBER 1ST.

AT SUCH TIME, WE WILL NAME DOCTOR LEDBETTER, A SUPERINTENDENT EMERITUS, UNTIL HE SERVES THE REMAINDER OF HIS TENURE AT CARROLL ISD AND OFFICIALLY RETIRES ON DECEMBER 31ST, 2024 ONCE.

NAMES. ONCE NAMED SUPERINTENDENT EMERITUS, DOCTOR LEDBETTER WILL SERVE IN AN ADVISORY ROLE TO THE BOARD AND TO DOCTOR GLENN.

WE WILL PLAN A COMMUNITY MEET AND GREET FOR DOCTOR GLENN AT SOME POINT IN SEPTEMBER.

SO CONGRATULATIONS AGAIN, DOCTOR GLENN.

WE'RE HAPPY TO HAVE YOU.

THANK YOU. OKAY.

NEXT UPDATE.

TEACHER AND STAFF RAISES.

JUST AS A REMINDER, WE HAVEN'T TALKED ABOUT THIS IN A WHILE.

THIS BOARD APPROVED AN ACROSS THE BOARD PAY INCREASE OF 3% FOR THE 2024 2025 SCHOOL YEAR.

THAT 3% SHOULD APPEAR IN TEACHERS AND STAFF'S SEPTEMBER PAYCHECKS, SO JUST BE AWARE OF THAT AND ALSO, THERE WAS SOMETHING ELSE I WAS SUPPOSED TO MENTION. TRUSTEE STACY, DID WE [INAUDIBLE].

YES AND OUR SPECIAL EDUCATION STAFF.

YEAH. JUST WANTED TO MAKE SURE WE REMEMBER THAT.

OKAY. NEXT SUBJECT.

ATHLETIC DIRECTOR VACANCY.

AS YOU MAY OR MAY NOT KNOW, OUR ATHLETIC DIRECTOR, STEVE KEESLER, IS MOVING ON FOR ANOTHER OPPORTUNITY OUTSIDE OF OUR DISTRICT.

HE HAS SERVED OUR DISTRICT WELL.

WE WISH HIM THE BEST OF LUCK IN THIS NEW OPPORTUNITY.

THE DISTRICT POSTED THE JOB OPENING ON AUGUST 15TH.

WE WILL REVIEW ALL APPLICATIONS TO DETERMINE THE BEST FIT FOR OUR NEXT ATHLETIC DIRECTOR AT CARROLL ISD.

DISTRICT COMMITTEE ANNOUNCEMENTS.

IF YOU APPLIED AND YOU WERE ACCEPTED ON A COMMITTEE, YOU SHOULD HAVE RECEIVED AN EMAIL LAST WEEK, INCLUDING THE NEWLY ESTABLISHED WHAT WE JUST TALKED ABOUT BUDGET REDUCTION ACTION COMMITTEE.

WE'RE LOOKING FORWARD TO THAT AND HAVING THAT TEAM PUT TOGETHER.

SO ANYWAY, WE HAVE AN AMAZING COMMUNITY OF VOLUNTEERS.

THEY'RE SO GENEROUS. WE JUST THANK EVERYONE FOR THEIR TIME.

WE KNOW THAT YOU'RE BUSY WITH FAMILY AND WORK, AND THESE ARE VERY IMPORTANT POSITIONS FOR OUR DISTRICT AND FOR OUR BOARD.

SO WE REALLY APPRECIATE ALL OF THOSE THAT APPLIED AND THOSE THAT ARE GOING TO SERVE ON OUR COMMITTEES THIS YEAR AND SO LASTLY, I'D JUST LIKE TO TOUCH ON ONE OF OUR NONPROFIT ORGANIZATIONS THAT RAISED MONEY FOR THE DISTRICT.

THE TOUCHDOWN CLUB HELD THEIR FUNDRAISER ON SATURDAY NIGHT, AND I HEARD THAT IT WAS A TOTAL SUCCESS, RAISING A LOT OF FUNDING FOR FUTURE SIZED ATHLETIC INFRASTRUCTURE PROJECTS.

SO WE'RE SO HAPPY FOR THEM AND THAT LEADERSHIP AND THAT CLUB.

SO WE LOOK FORWARD TO SEEING WHAT WHAT FUNDING YOU RAISED AND WHAT THE NEXT PROJECT IS AND, YOU KNOW, TRUSTEE YEAGER MENTIONED TO ME EARLIER TODAY THAT IT MIGHT BE GOOD TO RECOGNIZE OUR NONPROFITS ON A MONTHLY BASIS BECAUSE WE HAVE SO MANY PEOPLE THAT HAVE FORMED THESE 501 C3'S FOR THE SPECIFIC PURPOSE OF RAISING MONEY TO SUPPLEMENT WHERE THE STATE DOESN'T GIVE US MONEY AND SO, YOU KNOW, WE RECOGNIZE TEACHERS OF THE MONTH, WE RECOGNIZE STAFF OF THE MONTH,

[01:00:03]

SO I REALLY THINK THAT WE WANT TO FIGURE OUT HOW WE CAN ALSO RECOGNIZE A 501 C3 OR ONE OF OUR BOOSTER CLUBS EVERY SINGLE MONTH, AND INVITE THEM TO COME UP AND SAY A FEW WORDS ABOUT THEIR ORGANIZATION.

AND I JUST THINK WE DO.

WE NEED TO RECOGNIZE THESE FOLKS MORE BECAUSE THEY REALLY DO WORK HARD FOR THIS DISTRICT, AND THEY UNDERSTAND OUR BUDGET SHORTFALLS AND THEY, YOU KNOW, TAKE IT AND THEY SPEND A LOT OF TIME ON IT AND THEY PROVIDE, YOU KNOW, FROM INFRASTRUCTURE TO UNIFORMS TO EQUIPMENT TO PLAYGROUNDS TO WHATEVER THAT WE NEED AND WE WANT TO APPRECIATE THEM.

SO WE'RE GOING TO START THAT IN SEPTEMBER IF WE CAN.

OKAY. ALL RIGHT.

NEXT ITEM IS THE SUPERINTENDENT'S REPORT.

DOCTOR LEDBETTER. THANK YOU, MR. BRYAN AND TRUSTEES FIRST OF ALL, IT'S BEEN A GREAT START TO THE SCHOOL YEAR.

IT'S HARD TO BELIEVE WE'RE STARTING THE THIRD WEEK OF SCHOOL.

JUST AN UPDATE ON STAFFING.

I KNOW OUR PRINCIPALS HAVE BEEN WORKING DILIGENTLY TO FILL A FEW OPEN POSITIONS THAT WE HAVE, SO I WANT TO THANK THEM FOR THEIR EFFORTS AND THANK OUR HR DEPARTMENT.

WE CURRENTLY HAVE THREE TEACHER OPENINGS ACROSS THE DISTRICT, SO WE HAVE A SIXTH GRADE TEACHER, A SCIENCE TEACHER AT EUBANKS CARROLL MIDDLE SCHOOL, HAS A SPECIAL EDUCATION TEACHER FOR ELA AND SOCIAL STUDIES.

AND THEN UNFORTUNATELY, WE HAD A WALNUT GROVE ELEMENTARY SCHOOL SPECIAL EDUCATION ACE TEACHER THAT WE THOUGHT WE HAD HIRED READY TO BEGIN AND IS HAS BACKED OUT OF THAT POSITION. SO WE HAVE THREE POSITIONS ACROSS THE DISTRICT THAT ARE OPEN.

SO WE WILL WORK DILIGENTLY TO GET THOSE FILLED IN THE COMING DAYS AND WEEKS.

I ALSO WANT TO TAKE JUST A MINUTE TO AND I PROBABLY SHOULD HAVE DONE THIS FIRST, BECAUSE THIS IS PROBABLY WHAT'S ON EVERYBODY'S MIND.

BUT I WANT TO UPDATE EVERYONE ON THE THREAT THAT WE HAD TODAY.

I KNOW YOU RECEIVED INFORMATION FROM THE DISTRICT THIS MORNING ABOUT A THREAT AND WE WORKED VERY CLOSELY, CERTAINLY WITH OUR SOUTHLAKE POLICE DEPARTMENT ALL DAY AS THEY CONDUCTED AN INVESTIGATION AND I'M I'M HAPPY TO REPORT THAT THEY'VE DETERMINED THAT THERE'S NO THREAT AT THIS TIME AND SO WE HAVE SENT THAT COMMUNICATION OUT TO SOCIAL MEDIA.

PARENTS AND COMMUNITY WILL RECEIVE AN EMAIL TONIGHT AND CERTAINLY AS WE WERE TODAY, WE WERE ON NORMAL REGULAR SCHEDULE.

BUT WE ENCOURAGED EVERYONE.

IF YOU DID NOT FEEL COMFORTABLE SENDING YOUR CHILD DUE TO THE THREAT AND DUE TO THE INVESTIGATION, THAT WE WOULD UNDERSTAND THAT WE CERTAINLY EXPECT EVERYONE TO BE THERE TOMORROW AND BE ON NORMAL OPERATIONS TOMORROW.

BASED ON THE FACT THAT THE PD HAS DETERMINED THAT THERE IS NO THREAT AT THIS TIME.

SO THANK YOU ONCE AGAIN FOR YOUR PATIENCE ON THAT AS COMMUNITY, I ALSO WANT TO THANK OUR SOUTHLAKE POLICE DEPARTMENT FOR THEIR EFFORTS IN THIS.

ONCE AGAIN, I CAN'T SAY IT ENOUGH.

I KNOW THIS BOARD SAYS IT A LOT.

OUR PRINCIPALS SAY IT A LOT.

OUR RELATIONSHIP WITH OUR SOUTHLAKE CITY OF SOUTHLAKE AND THE SROS THAT WE HAVE ON OUR CAMPUSES IS TREMENDOUS.

IT'S A TREMENDOUS PARTNERSHIP, AND WE COULD NOT MAKE IT WITHOUT THEM AND TO HAVE REPRESENTATION ON EVERY CAMPUS, EVERY DAY ACROSS THIS DISTRICT WITH ARMED OFFICERS IS A TREMENDOUS ASSET TO THIS COMMUNITY.

SO ONCE AGAIN, THANK YOU TO SOUTHLAKE PD AND THE CITY OF SOUTHLAKE FOR THAT RELATIONSHIP AND CERTAINLY WORKING WITH US TODAY TO DEEM THIS THREAT, THIS THREAT.

NON-CREDIBLE. AT THIS TIME.

ALSO, JUST A COUPLE OF ANNOUNCEMENTS.

I WANT TO REMIND EVERYONE THAT THE 2024 HOMECOMING CARNIVAL PARADE AND PEP RALLY WILL BE SEPTEMBER THE 25TH.

I KNOW THAT'S ALWAYS A HUGE COMMUNITY EVENT, SO MARK YOUR CALENDARS FOR THAT.

IT WILL TAKE PLACE IN RUSTON PARK LIKE IT ALWAYS DOES IN TOWN SQUARE 4:30 TO 6:30, AND THE PARADE WILL ACTUALLY KICK OFF AT 6:30.

SO THAT WILL BE ON SEPTEMBER THE 25TH AND THEN ALSO THIS FRIDAY WE WANT TO CONTINUE.

THIS IS OUR THIRD ANNUAL FIRST RESPONDERS APPRECIATION EVENT.

SO IT'LL BE AT OUR FOOTBALL GAME, FIRST FOOTBALL GAME OF THE SEASON.

SO WE'LL HAVE A PRE-GAME TAILGATE THAT WILL BE HOSTED BY DRAGON BARBECUE, EMERALD BELLS, DRAGON SOCCER, AND LADY DRAGON SOCCER AND THAT WILL TAKE PLACE IN DRAGON ALLEY AT 5:30.

SO COME DOWN, MEET AND GREET AND HONOR OUR FIRST RESPONDERS AND THEIR FAMILIES AS ONCE AGAIN, WE CAN'T THANK THEM ENOUGH FOR WHAT THEY DO FOR THIS COMMUNITY.

I WAS GOING TO TOUCH ON COMMITTEES.

MR. BRYAN HAS ALREADY DONE THAT. SO IF YOU HAVE ANY QUESTIONS ABOUT THAT, PLEASE FEEL FREE TO REACH OUT TO US.

WE WILL BE SENDING OUT NOTICES, A FOLLOW UP TO ANY INDIVIDUALS THAT SIGNED UP THAT DID NOT RECEIVE A COMMITTEE PLACEMENT.

SO WE'LL BE FOLLOWING UP IN THE NEXT FEW DAYS WITH THAT TO LET YOU KNOW.

I BELIEVE THAT'S ALL I HAVE FOR TONIGHT.

ALL RIGHT. THANKS, DOCTOR LEDBETTER MOVING ON TO ITEM NUMBER 11.

[11. DISCUSSION/ACTION]

MR. JOHNSON, YOU'RE UP.

THANK YOU, PRESIDENT BRYAN.

SO, TONIGHT I WANT TO REVISIT WHAT WE'RE DOING FOR INSURANCE, LIABILITY AND PROPERTY INSURANCE AND REMIND THE BOARD THAT A YEAR AGO, WE WENT OUT WITH A VERY ROBUST INSURANCE PROCUREMENT PROCESS.

WE STARTED THAT PROCESS IN LATE APRIL.

EARLY MAY, INVOLVED A CONSULTANT THAT REACHED OUT TO MULTIPLE PROVIDERS.

WE HAD SIX RESPONSES AND SO WE WENT THROUGH A VERY ROBUST PROCESS INSURANCE, THE REALITY OF INSURANCE AND I KNOW THAT EVERYBODY THAT IS WATCHING THIS PRESENTATION AND EACH OF YOU

[01:05:08]

IT'S ABOUT 16.5% INCREASE AND SO THAT'S CONSISTENT WITH WHAT I'VE SEEN ACROSS THE INDUSTRY AND OTHER DISTRICTS.

WE LOOKED AT A 2% DEDUCTIBLE AND A 3% DEDUCTIBLE RIGHT NOW, BECAUSE OF THE ECONOMICS AND IF WE HAD A LOSS AND A LOSS, YOU KNOW, A SINGLE LOSS, HAIL DAMAGE COULD COST US MULTIPLE TIMES OF WHAT THE NET INCREMENTAL INCREASE IN THAT PREMIUM WOULD COST.

SO I'M RECOMMENDING THAT WE GO WITH A 2% PER BUILDING AND I DID A COUPLE OF JUST LOOKS.

HERE'S OPTION ONE. HERE'S OPTION TWO.

FOR $60,000 YOU'RE GETTING ABOUT $5.1 $1 MILLION IN INSURANCE COVERAGE HERE AND THEN ON A BEST CASE SCENARIO, YOU'RE GETTING ABOUT TEN TIMES.

SO I THINK THAT IT MAKES SENSE TO ME TO GO WITH A BETTER COVERAGE.

YOU KNOW, I THINK IT'S HARD.

NOBODY EVER YOU KNOW WHAT'S ENOUGH? INSURANCE IS REALLY HARD.

WE LEAN TO THE PROFESSIONALS, AND THAT'S WHAT THE PROFESSIONALS HAVE RECOMMENDED FOR ME.

I KNOW I WENT THROUGH THAT.

YES, SIR. JUST BEFORE YOU MOVE OFF THAT SLIDE I KNOW WORKING FOR A COMPANY, WE LOOK AT THIS EVERY YEAR OURSELVES, AND WE TRY TO SEE WHAT OTHER COMPANIES ARE DOING, AND WE TRY TO DECIDE WHAT LEVEL OF RISK OR SELF-INSURANCE THAT WE'RE GOING TO TAKE ON OURSELVES.

I KNOW WE'RE KIND OF HAVING THIS DISCUSSION RIGHT NOW, RIGHT.

DO WE HAVE ANY IDEA WHAT PERCENT THAT, LET'S SAY, COMPARABLE SCHOOL DISTRICTS DO? I DIDN'T SEE ANYTHING IN THE MATERIAL THAT ACTUALLY TALKED ABOUT OTHER DISTRICTS.

SO I'M KIND OF CURIOUS IF YOU HAVE, AND I DID, I LOOKED AT THAT.

AND SO WE'VE GOT WHAT IS KNOWN AS BLANKET COVERAGE.

BLANKET COVERAGE MEANS THAT IF WE THAT THEY'RE LOOKING AT OUR ENTIRETY, THEY'RE NOT IDENTIFYING THIS BUILDING VERSUS ANOTHER BUILDING AS FAR AS COVERAGE, SCHEDULED COVERAGE.

IS THAT RIGHT? SO IF YOU SCHEDULED 11 BUILDINGS AND IF YOU INSURED THEM FULLY, IT WOULD BE A SUBSTANTIAL INCREASE, YOU KNOW, IN INSURANCE RIGHT NOW WE'RE AT 2.2 MILLION.

WE'VE GOT ABOUT $200,200 MILLION OF COVERAGE.

I'VE SEEN OTHER DISTRICTS HAVE A LITTLE BIT LEANER COVERAGE.

I'VE SEEN OTHERS HAVE ROBUST AND SO WHEN WE SPOKE TO OUR CONSULTANT, THIS IS ABOUT PROBABLY 40% OF OUR OVERALL OUTSTANDING AND AGAIN I'VE SEEN LOWER AND HIGHER.

I JUST WENT WITH WHAT THE CONSULTANT SAID AND SO IS THERE A RISK? ABSOLUTELY. THERE'S RISK.

IF YOU HAD, YOU KNOW, A MAJOR EVENT, YOU COULD BE IN TROUBLE FINANCIALLY.

BUT I FEEL BASED ON THE RECOMMENDATIONS OF THE EXPERTS THAT WE GO WITH, WHAT THEY SUGGESTED AND AGAIN, THAT'S ABOUT 40% OF WHAT TOTAL LIABILITY WE HAVE OUT THERE.

OKAY. IF THAT MAKES SENSE I HOPE THAT ANSWERS AND SO AGAIN WE LOOK AT, YOU KNOW, A LOT OF EVENTS IN HAIL DAMAGE.

YOU KNOW, ANYTIME CAN OBVIOUSLY HAPPEN AND SO YES, WE'RE GOING A LITTLE BIT HEAVIER ON INSURANCE, BUT HOPEFULLY, YOU KNOW, WITH HAVING, YOU KNOW, A CLAIM RECENTLY ON THE AQUATICS ROOF, WHICH WAS $837,000, STILL WORKING THROUGH THAT WITH OUR INSURANCE COMPANY.

AND I'LL BRING THAT TO THE BOARD IN THE NEXT COUPLE OF MEETINGS.

THAT REPAIR IS GOING TO BE OVER $2 MILLION AND SO THAT'S KIND OF AS YOU LOOK AT INSURANCE, THOSE KIND OF THINGS WEIGH ON YOU OBVIOUSLY TRYING TO MINIMIZE THAT RISK AND AND CHOOSE KIND OF A LOWER DEDUCTIBLE.

THANK YOU. CAN I ADD SOMETHING? YEAH. SO I DID A LITTLE BIT OF RESEARCH.

I DID CALL AN INSURANCE AGENT JUST TO SEEK TO UNDERSTAND IS THIS SOMETHING THAT IS, YOU KNOW, UNIQUE TO US OR IS THIS SOMETHING THAT'S HAPPENING ACROSS? SO I'LL SHARE WITH EVERYBODY WHAT I DID LEARN.

APPARENTLY THIS IS VERY SPECIFIC TO DFW.

THERE WERE 27 LARGE WEATHER OCCURRENCES ACROSS THE US LAST YEAR.

OVER 22 OF THEM WERE RIGHT HERE IN THE DFW AREA, SO ALL OF OUR PREMIUMS IN THIS AREA INCREASED SIGNIFICANTLY.

I ALSO DID CALL A NEIGHBORING DISTRICT BECAUSE I WANTED TO UNDERSTAND.

I'VE HEARD, YOU KNOW, OBVIOUSLY WE LEFT TASB WE'RE NOT IN A CO-OP.

ARE WE GETTING, YOU KNOW, PRICES THAT ARE DIFFERENT THAN WHAT THEY'RE GETTING AND I CAN TELL YOU THAT THEIR INSURANCE COSTS WENT UP SIGNIFICANTLY AS WELL, EVEN THOUGH THEY ARE PART OF THAT TASB CO-OP.

SO GRAPEVINE COLLEYVILLE, THEIR RATE ALMOST DOUBLED.

SO THEY WERE PAYING $1 MILLION LAST YEAR.

THEY'RE NOW PAYING $1.8 MILLION.

SO IT WENT UP BY $800,000 AND THEN THEIR DEDUCTIBLE WENT UP BY A MILLION AS WELL.

SO THEY ALSO HAVE AN INCREASE IN THEIR DEDUCTIBLE INSTEAD OF PAYING 1 MILLION DEDUCTIBLE, IT'S 2 MILLION.

SO I JUST, YOU KNOW, THANK YOU FOR THE RESEARCH THAT YOU DID AND FOR GETTING PUTTING OUT AN RFP AND GETTING THOSE, YOU KNOW, TRYING TO FIND US THE BEST DEAL THAT YOU POSSIBLY

[01:10:06]

THANK YOU. THANK YOU.

THANK YOU, TRUSTEE BOTTOM.

TRUSTEE YEAGER. YEAH.

NO. THANK YOU, TRUSTEE BOTTOM.

I MOVE THAT THIS BOARD APPROVE THE FOLLOWING VENDORS FOR INSURANCE COVERAGE BEGINNING SEPTEMBER 1ST, 2024.

AS PRESENTED.

SECOND. SECOND.

ANY FURTHER DISCUSSION? ALL IN FAVOR? MOTION CARRIES 7 TO 0.

OKAY. LAST ITEM ON THE AGENDA IS OUR CONSENT AGENDA AND I THINK WE HAVE ONE DONATION.

[12. CONSENT AGENDA]

SO TONIGHT WE'D LIKE TO THANK THE JOHNSON ELEMENTARY SCHOOL PTO FOR THEIR MOST GENEROUS DONATION OF IN-KIND $14,802. ALL RIGHT.

THANK YOU, TRUSTEE YEAGER.

I MOVE TO APPROVE THE CONSENT AGENDA.

SECOND. MOTION AND SECOND.

ANY FURTHER DISCUSSION? ALL IN FAVOR? MOTION CARRIES 7 TO 0.

OKAY. WE HAVE A LITTLE BIT OF UNFINISHED BUSINESS.

[2. EXECUTIVE SESSION (Part 2 of 2)]

ALL RIGHT. WE'LL CALL THIS MEETING BACK TO ORDER AT 8:47PM.

THERE IS NO BUSINESS TO TAKE CARE OF FROM OUR EXECUTIVE SESSION, SO IF NO OBJECTION, WE'LL ADJOURN THIS MEETING AT 8:47PM.

* This transcript was compiled from uncorrected Closed Captioning.