Jun 15, 2026 School Board

[00:00:03]

OKAY. GOOD AFTERNOON. WE'LL CALL THIS REGULAR MEETING OF THE CARROLL ISD BOARD OF TRUSTEES TO ORDER ON JUNE 15TH,

[1. CALL TO ORDER AND ESTABLISH QUORUM]

[2. EXECUTIVE SESSION]

ALL RIGHT. GOOD EVENING. WE'LL CALL THIS MEETING BACK TO ORDER AT 6 P.M..

OUR FIRST AGENDA ITEM IS THE OPENING PRAYER PLEDGE OF ALLEGIANCE AND A MOMENT OF SILENCE. WILL YOU ALL PLEASE RISE?

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

LORD, WE RECOGNIZE THAT THE WORK BEFORE US IS IMPORTANT AND WE ASK FOR YOUR GUIDANCE AS WE CONSIDER THE BUDGET FOR THE COMING SCHOOL YEAR.

HELP US BE GOOD STEWARDS OF THE RESOURCES ENTRUSTED TO US, BALANCING NEEDS WITH PRIORITIES AND PLANNING NOT ONLY FOR TODAY, BUT FOR THE FUTURE. WE THANK YOU FOR EVERY EDUCATOR, STAFF MEMBER, AND VOLUNTEER WHO CONTINUE TO POUR INTO THE LIVES OF OUR STUDENTS.

BLESS THEM FOR THEIR DEDICATION AND COMMITMENT TO SHAPING THE NEXT GENERATION.

AS WE BEGIN THIS MEETING, GRANT US KNOWLEDGE, CLARITY, AND UNITY.

HELP US TO MAKE DECISIONS THAT SERVE THE BEST INTEREST OF ALL STUDENTS IN ORDER TO TRUST OUR COMMUNITY HAS PLACED IN US.

MAY EVERYTHING WE DO REFLECT INTEGRITY, COMPASSION, AND A COMMITMENT TO EXCELLENCE.

WE GIVE YOU ALL THE GLORY FOR THE SUCCESSES WE CELEBRATE AND ASK FOR YOUR CONTINUED GUIDANCE IN THE DAYS AHEAD.

IN JESUS CHRIST'S NAME WE PRAY. AMEN. PLEASE JOIN ME FOR THE PLEDGE.

I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.

ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

NOW FOR THE TEXAS PLEDGE. HONOR THE TEXAS FLAG.

I PLEDGE ALLEGIANCE TO THEE TEXAS. ONE STATE UNDER GOD, ONE AND INDIVISIBLE.

NOW, PLEASE JOIN US FOR A MOMENT OF SILENCE.

YOU MAY BE SEATED. ALL RIGHT. OUR NEXT AGENDA ITEM IS

[4. PUBLIC COMMENTS]

SPEAKER THREE MINUTES. MS. YELTON WILL YOU CALL THE FIRST SPEAKER, PLEASE? OUR SPEAKER THIS EVENING IS COLLEEN GOLESTAN.

GOOD EVENING. MY NAME IS COLLEEN GOLESTAN. I AM A 25 PLUS YEAR RESIDENT AND TAXPAYER IN THIS DISTRICT.

I AM ALSO A CONSERVATIVE CHRISTIAN, RAISED IN THE SOUTHERN BAPTIST TRADITION, ALBEIT OUR DEFINITION OF CONSERVATIVE IS QUITE DIFFERENT.

I'M HERE TONIGHT TO SPEAK ABOUT THE CLIMATE OF OUR SCHOOLS, FOLLOWING THE ADOPTION OF OUR RECENT POLICIES AND THE SUBSEQUENT STATE LAWS.

I KNOW WHERE THIS BOARD STANDS. YOU HAVE MADE YOUR PERSONAL FAITH, YOUR POLITICAL ALIGNMENTS AND YOUR ROLE IN SHAPING THESE POLICIES AND LAWS VERY CLEAR.

YOU THINK YOU ARE DOING WHAT IS RIGHT. BUT TONIGHT I'M ASKING YOU TO LOOK PAST THE POLITICAL VICTORIES AND LOOK AT DIRECTLY AT THE REALITY ON THE GROUND IN OUR CLASSROOMS, AND TO LOOK WITH FRESH EYES AT JESUS AND TO REALIZE OUR CONSTITUTION CLEARLY DEMANDS SEPARATION OF CHURCH AND STATE, EVEN UNDER THE STRICT CONSTRAINTS OF NEW STATE LAWS AND PUBLIC SCHOOL BOARD POLICY STILL HOLD FOUNDATIONAL, NON-NEGOTIABLE, LEGAL AND MORAL DUTY. THE SAFE STEWARDSHIP OF EVERY SINGLE CHILD WHO WALKS THROUGH OUR DOORS.

PUBLIC SCHOOLS ARE NOT PRIVATE ACADEMIES. THEY ARE TAXPAYER FUNDED INSTITUTIONS WITH LEGALLY REQUIRED TO SERVE THE ENTIRE COMMUNITY.

WHILE YOU MAY HAVE SUCCESSFULLY PASSED POLICIES THAT RESTRICT THE MENTION OF LGBTQ PLUS STUDENTS, ESPECIALLY TRANSGENDER STUDENTS, YOU CANNOT LEGISLATE THOSE CHILDREN OUT OF EXISTENCE.

THEY ARE STILL SITTING IN YOUR CLASSROOMS. THEY ARE STILL YOUR STUDENTS.

AND RIGHT NOW, THE RHETORIC SURROUNDING THESE LAWS AND POLICIES HAS CREATED A PERMISSION STRUCTURE FOR BULLYING, ISOLATION AND CRUELTY. AS LEADERS WHO FREQUENTLY SPEAK ON VALUES AND MORALITY, I ASK YOU WHAT IS THE MORAL OUTCOME OF A STUDENT FEELING UNSAFE IN THEIR

[00:05:10]

THEY ONLY BREAK THEIR SPIRIT, DAMAGE THEIR MENTAL HEALTH, AND DESTROY THEIR ACADEMIC POTENTIAL.

FURTHERMORE, AS PUBLIC TRUSTEES, YOU HAVE A FIDUCIARY DUTY TO PROTECT THE DISTRICT FROM FINANCIAL RUIN.

ENFORCING THESE RIGID POLICIES TO THEIR EXTREMES WILL ULTIMATELY COST TAXPAYERS.

BUT THESE POLICIES AND LAWS WILL FALL FROM FAVOR AND COST THE TAXPAYERS DEARLY.

YOU HAVE THE POWER OF THE STATE LAW BEHIND YOU NOW, BUT YOU STILL RETAIN THE LOCAL DISCRETION ON HOW YOU TREAT HUMAN BEINGS.

I URGE THIS WERE BOARD TO CHOOSE A PATH OF BASIC HUMAN DECENCY, SAFETY AND FISCAL RESPONSIBILITY.

ENSURE OUR SCHOOLS REMAIN PLACES OF LEARNING AND NOT BATTLEGROUNDS OF EXCLUSION.

HAPPY PRIDE MONTH. GOD BLESS THE CHILDREN UNDER YOUR CARE AND HAVE MERCY UPON THEM.

SAVE THEM FROM YOU. THANK YOU, MISS GOLESTAN.

OKAY, WE WILL MOVE ON TO ITEM NUMBER FIVE, WHICH IS CONSIDERATION AND POSSIBLE ACTION ON PERSONNEL REPORT AND ANY OTHER MATTERS ADDRESSED DURING EXECUTIVE SESSION.

[5. CONSIDERATION AND POSSIBLE ACTION ON PERSONNEL REPORT AND ANY OTHER MATTERS ADDRESSED DURING EXECUTIVE SESSION]

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

TRUSTEE YEAGER, DO WE HAVE ANY FURTHER ACTION FROM EXECUTIVE SESSION? SUPER. SORRY. SUPERINTENDENT. REPORT. OKAY. YEAH.

CERTAINLY. YEAH, VERY EXCITED TO DO THIS. I WOULD MOVE THAT THIS BOARD APPROVE THE PROPOSAL SUBMITTED FOR OUR SUPERINTENDENT CONTRACT EXTENSION AS DISCUSSED IN EXECUTIVE SESSION.

SECOND. ALL RIGHT. MOTION AND SECOND, ANY FURTHER DISCUSSION? ALL IN FAVOR? MOTION CARRIES 7 TO 0. THANK YOU TRUSTEE YEAGER.

THANK YOU. AND THANK YOU DOCTOR GLENN. ALL RIGHT THANK YOU DOCTOR GLENN.

ALL RIGHT. WE'RE GOING TO MOVE ON TO THE PRESIDENT'S REPORT ITEM NUMBER SIX.

[6. PRESIDENT'S REPORT]

MS. REECE THE LEGACY TRANSITION TEAM MET ON MAY 19TH TO WORK ON ENSURING THAT THE NAMES, TRADITIONS, AND LEGACIES OF DURHAM AND EUBANKS ARE HONORED AND PRESERVED THROUGHOUT AND BEYOND THE 2027 CONSOLIDATION PROCESS.

WE WERE HONORED TO HAVE IN OUR ATTENDANCE MRS. DURHAM. AND WE ALSO WELCOMED A COMMITTEE MEMBER WHO WAS PART OF THE VERY FIRST CLASS AT DURHAM MIDDLE SCHOOL, PROVIDING A UNIQUE CONNECTION TO THE SCHOOL'S HISTORY AND LEGACY.

THE COMMITTEE DISCUSSED PRESERVING IMPORTANT TRADITIONS SUCH AS THE DURHAM SIXTH GRADE AWARDS AND THE MR. AND MRS. EUBANKS AWARDS, AS WELL AS SAFEGUARDING HISTORICAL ARTIFACTS AND RECORDS, INCLUDING COMMEMORATIVE DONOR BRICKS, YEARBOOKS AND ARCHIVAL MATERIALS. A FOCUS OF THE MEETING WAS DEVELOPING MEANINGFUL LEGACY EXPERIENCES THAT WILL ALLOW CURRENT DURHAM AND EUBANKS STUDENTS TO HONOR THEIR SCHOOLS HISTORIES. THANK YOU, TRUSTEE REECE.

ANY OTHER COMMITTEE REPORTS? OKAY. YES, I HAVE ONE MORE.

TRUSTEE YEAGER, YOU'RE UP. AND MAY 20TH, I'D LIKE TO THANK OUR CHIEF FINANCIAL OFFICER, AS I CALL HIM, OUR CFO, MR. CHASE PARK WHO LED US AS WELL AS MEMBERS OF THE COMMUNITY.

AND PRESIDENT BRYAN WAS JOINING ME AND WE HAD OUR BUDGET AND FINANCE COMMITTEE MEETING.

WHAT MR. PARK DID WAS LEAD US THROUGH THE CURRENT YEAR TO DATE FINANCIAL STATUS.

ALSO, THE 26-27 BUDGET PARAMETERS AND ASSUMPTIONS, WHICH INCLUDED THINGS LIKE ENROLLMENT PROJECTIONS, LOCAL PROPERTY VALUES, REVENUE, EVERYTHING FROM INTEREST INCOME TO TRANSPORTATION, CHILD NUTRITION, FACILITY RENTALS. I DON'T THINK HE MISSED ANYTHING AT ALL.

AS WELL AS EXPENDITURES, WHICH INCLUDED THINGS LIKE APPROVED PAY RAISES, FUEL AND FOOD COSTS, AND PROPERTY AND CASUALTY INSURANCE. WE ALSO TALKED ABOUT THE DURHAM CONSOLIDATION TRANSITION TEAM UPDATE, AND THEN MR. PARK DID A GREAT JOB OF HAVING QUESTIONS.

AND I JUST WANTED TO SAY PRESIDENT BRYAN, WE HAVE SO MANY WONDERFUL PEOPLE, BOTH WHO ARE ON OUR STAFF AND OUR FACULTY, BUT ALSO PART OF OUR COMMUNITY WHO HAVE BEEN SERVING ON THESE COMMITTEES AND DOING A WONDERFUL JOB.

AND WE WERE ABSOLUTELY PACKED WITH OUR ATTENDANCE AND IT WAS A REALLY GOOD MEETING.

SO THANK YOU. MR. PARK. THANK YOU, TRUSTEE YEAGER.

YEAH. THANK YOU. I ECHO THAT, MR. PARK AND COMMUNITY AND EVERYONE ON THE CARROLL ISD STAFF THAT TAKES PART IN EXTENDING THEIR DAYS TO ATTEND THESE MEETINGS. WE'RE VERY MUCH APPRECIATIVE OF THAT.

OKAY. ANY OTHER COMMITTEE REPORTS? ALL RIGHT.

I'LL MOVE ON TO MY PRESIDENT'S REPORT. GOOD EVENING AGAIN, EVERYONE.

[00:10:03]

IN JUST A FEW SHORT WEEKS, AMERICA WILL CELEBRATE HER 250TH BIRTHDAY, A MILESTONE THAT REMINDS US NOT ONLY OF WHERE WE'VE BEEN, BUT OF WHO WE ARE AND WHAT WE STAND FOR HERE IN CARROLL ISD.

WE ARE PROUD OF OUR COUNTRY. WE ARE PROUD OF THE PRINCIPLES THAT FOUNDED IT FREEDOM, OPPORTUNITY, PERSONAL RESPONSIBILITY, AND THE ENDURING BELIEF THAT EACH GENERATION HAS A DUTY TO PRESERVE AND STRENGTHEN THIS GREAT NATION.

THAT PRIDE IS NOT JUST SOMETHING THAT WE SAY.

IT IS SOMETHING WE TEACH, SOMETHING WE MODEL AND SOMETHING WE CELEBRATE.

OVER THE PAST YEAR, OUR DISTRICT HAS EMBRACED THAT RESPONSIBILITY THROUGH OUR USA 250 INITIATIVE, ACROSS OUR CAMPUSES, IN OUR CLASSROOMS, AT OUR EVENTS, AND THROUGHOUT OUR COMMUNITY.

WE HAVE INTENTIONALLY FOCUSED ON HONORING THE HISTORY, VALUES, AND SACRIFICES THAT HAVE SHAPED THE UNITED STATES OF AMERICA.

WE HAVE SEEN STUDENTS ENGAGE IN MEANINGFUL LEARNING ABOUT OUR NATION'S FOUNDING.

WE HAVE SEEN CAMPUSES DISPLAY PATRIOTISM WITH PURPOSE.

WE HAVE SEEN OUR COMMUNITY COME TOGETHER UNITED NOT BY POLITICS, BUT BY A SHARED RESPECT FOR THE FREEDOMS WE ARE BLESSED TO ENJOY.

AND PERHAPS MOST IMPORTANTLY, OUR DISTRICT IS RAISING A GENERATION THAT UNDERSTANDS THAT FREEDOM IS NOT GUARANTEED.

IT IS PRESERVED THROUGH KNOWLEDGE, CHARACTER, COMMITMENT AND SACRIFICE THAT IS THE WORK OF CARROLL ISD.

AS WE APPROACH OUR NATION'S BIRTHDAY ON JULY 4TH, WE ENCOURAGE EVERY FAMILY IN OUR DISTRICT TO TAKE TIME TO REFLECT ON THE SIGNIFICANCE OF THIS MOMENT. FLY THE FLAG. ATTEND A CELEBRATION.

TALK WITH YOUR CHILDREN ABOUT WHAT IT MEANS TO BE AN AMERICAN AND REMEMBER THOSE WHO HAVE SERVED AND SACRIFICED TO PROTECT THE LIBERTIES WE OFTEN TAKE FOR GRANTED. BECAUSE THE STORY OF AMERICA IS NOT FINISHED, IT IS BEING WRITTEN EVERY DAY.

AND IN CARROLL ISD, WE ARE PREPARING OUR STUDENTS TO WRITE THE NEXT GREAT CHAPTER TO OUR TEACHERS, STAFF AND ADMINISTRATORS. THANK YOU FOR THE ROLE YOU PLAY IN SHAPING NOT JUST EDUCATED STUDENTS, BUT INFORMED AND RESPONSIBLE CITIZENS. TO OUR PARENTS AND COMMUNITY, THANK YOU FOR YOUR STRONG PARTNERSHIP AND YOUR COMMITTED SUPPORT.

AND TO OUR STUDENTS. YOU ARE THE FUTURE OF THIS COUNTRY.

WE BELIEVE IN YOU AND WE ARE PROUD OF YOU. MAY GOD CONTINUE TO BLESS OUR DISTRICT, OUR COMMUNITY, OUR STATE IN THE UNITED STATES OF AMERICA. NOW, THIS BOARD AND SUPERINTENDENT HAVE THE DISTINCT PRIVILEGE OF RECOGNIZING A HISTORIC DISTRICT ACCOMPLISHMENT THAT REFLECTS THE HEART, DISCIPLINE AND CHARACTER OF CARROLL ISD. THIS YEAR, THE CARROLL DRAGONS HAVE ONCE AGAIN ACHIEVED THE HIGHEST LEVEL OF SUCCESS, EARNING THE TWO 2026 UIL LONE STAR CUP CHAMPIONSHIP, MARKING THE 10TH TIME IN OUR DISTRICT'S HISTORY TO RECEIVE THIS PRESTIGIOUS HONOR AND THE ONLY SIX A DISTRICT IN THE STATE TO ACHIEVE AS MANY.

THE LONE STAR CUP REPRESENTS EXCELLENCE ACROSS ALL AREAS ATHLETICS, ACADEMICS AND FINE ARTS.

IT IS A REFLECTION OF A COMMUNITY COMMITTED NOT ONLY TO ACHIEVEMENT, BUT TO TO DEVELOPING WELL-ROUNDED STUDENTS WHO PURSUE EXCELLENCE IN EVERYTHING THEY DO. IN ADDITION, CARROLL ATHLETICS HAS BEEN NAMED THE INAUGURAL 2026 TEXAS CUP CHAMPION BY THE TEXAS HIGH SCHOOL ATHLETIC DIRECTORS ASSOCIATION, RECOGNIZING THE TOP OVERALL ATHLETIC PROGRAM IN THE STATE OF TEXAS.

THESE HONORS ARE SIGNIFICANT, BUT WHAT MAKES THEM TRULY MEANINGFUL IS HOW THEY WERE EARNED.

THEY REPRESENT EARLY MORNINGS, LATE NIGHTS IN A COMMITMENT TO DOING THINGS THE RIGHT WAY.

THEY REFLECT COACHES AND TEACHERS WHO LEAD WITH INTEGRITY, AND FAMILIES WHO INSTILL VALUES THAT CARRY FAR BEYOND COMPETITION.

AS A DISTRICT, WE ARE GRATEFUL FOR THESE BLESSINGS AND ARE MINDFUL OF THE RESPONSIBILITY THAT COMES WITH THEM.

SCRIPTURE REMINDS US IN LUKE 12:48, TO WHOM MUCH IS GIVEN, MUCH, MUCH WILL BE REQUIRED.

THESE ACHIEVEMENTS ARE NOT JUST A MEASURE OF SUCCESS.

THEY ARE CALLED TO CONTINUE LEADING WITH HUMILITY, SERVING OTHERS, AND STRIVING FOR EXCELLENCE IN ALL WE DO.

[00:15:07]

WE ARE PROUD OF OUR STUDENTS FOR THE WAY THEY REPRESENT CARROLL ISD WITH CHARACTER, SPORTSMANSHIP, DETERMINATION, AND COMMITMENT. WE ARE THANKFUL FOR THE EDUCATORS, COACHES AND STAFF WHO INVEST IN THEM DAILY.

AND WE ARE GRATEFUL FOR A COMMUNITY THAT SUPPORTS, SUSTAINS, AND EXPECTS THE STANDARD OF EXCELLENCE.

THIS IS WHAT MAKES CARROLL ISD SPECIAL. NOT JUST THE CHAMPIONSHIPS AND HONORS, BUT THE PEOPLE, THE VALUES AND THE PURPOSE THAT DRIVES THEM. CONGRATULATIONS ON A TRULY HISTORIC AND EXTRAORDINARY YEAR.

PROTECTING THE TRADITION. AND AS ALWAYS, GO DRAGONS.

DOCTOR GLENN. THAT WAS A GREAT REPORT. IT'S A TOUGH ONE TO FOLLOW.

[7. SUPERINTENDENT'S REPORT]

WITH THE BUDGET PROCESS NEARING COMPLETION, WE'RE NOW BEGINNING WORK ON THE DISTRICT'S TAX RATE.

BASED ON CURRENT PROJECTIONS, WE ARE HOPEFUL THAT ONCE CERTIFIED PROPERTY VALUES ARE RECEIVED FROM THE TARRANT APPRAISAL DISTRICT, WE WILL BE ABLE TO ANNOUNCE A TAX RATE IN AUGUST THAT IS BELOW THE NO NEW REVENUE, NEW REVENUE RATE FOR A THIRD CONSECUTIVE YEAR.

THIS SCHOOL BOARD REMAINS COMMITTED TO BEING RESPONSIBLE STEWARDS OF TAXPAYER RESOURCES WHILE MAINTAINING THE HIGH STANDARDS OUR COMMUNITY EXPECTS.

I'D ALSO LIKE TO THANK MELANIE THIBODEAU AND HER TEAM, WHO HAVE BEEN WORKING DILIGENTLY TO STAFF OUR CAMPUSES FOR THE UPCOMING YEAR.

FORTUNATELY, CARROLL ISD CONTINUES TO EXPERIENCE RELATIVELY LOW TURNOVER, WHICH IS A TESTAMENT TO THE OUTSTANDING CULTURE WE HAVE HERE.

THE OPEN POSITIONS WE DO HAVE ARE ATTRACTING A STRONG POOL OF APPLICANTS, AND WE ARE CONFIDENT IN OUR ABILITY TO FILL THOSE POSITIONS WITH EXCEPTIONAL TALENT.

ONE AREA WHERE WE WE ARE SEEING A CHALLENGE IS PARAPROFESSIONAL RECRUITMENT.

APPLICATIONS FOR THESE POSITIONS HAVE DECLINED A TREND BEING EXPERIENCED BY DISTRICTS ACROSS THE STATE.

AS A DISTRICT, WE MUST CONTINUE TO APPRECIATE AND SUPPORT THESE DEDICATED PROFESSIONALS WHO ARE ESSENTIAL TO OUR DISTRICT'S SUCCESS AS WE REFLECT ON ANOTHER EXCEPTIONAL YEAR. I WANT TO EXPRESS MY SINCERE GRATITUDE TO OUR TEACHERS, STUDENTS, PARENTS AND COMMUNITY MEMBERS AND THIS BOARD FOR YOUR UNWAVERING COMMITMENT TO EXCELLENCE.

TOGETHER, WE HAVE ACHIEVED RESULTS THAT PLACE CARROLL ISD AMONG THE PREMIER SCHOOL DISTRICTS IN THE NATION.

BASED ON PRELIMINARY DATA, CARROLL ISD WILL ONCE AGAIN EARN AN A RATING AS A DISTRICT AND ON ALL CAMPUSES WHILE ACHIEVING HISTORIC ACADEMIC SUCCESS.

OUR STUDENTS REACHED RECORD LEVELS OF ACCOMPLISHMENT THROUGH OUTSTANDING NATIONAL MERIT, SCHOLAR RECOGNITION, EXCEPTIONAL PERFORMANCE ON AP EXAMS, AND RESULTS ON THE ACT AND SAT THAT CONTINUE TO OUTPERFORM BOTH STATE AND NATIONAL AVERAGES. WHAT MAKES THESE ACCOMPLISHMENTS EVEN MORE REMARKABLE IS THAT THEY HAVE BEEN ACHIEVED WHILE MAINTAINING STRONG FISCAL DISCIPLINE. THIS BOARD HAS LOWERED THE DISTRICT'S TAX RATE, REDUCED DEBT, IMPROVED FACILITIES AND PROVIDED MEANINGFUL RAISES TO OUR STAFF.

THIS BALANCE OF ACADEMIC EXCELLENCE AND RESPONSIBLE FISCAL MANAGEMENT DEMONSTRATES WHAT IS POSSIBLE WHEN A COMMUNITY WORKS TOGETHER WITH A SHARED COMMITMENT TO STUDENT SUCCESS. TRUSTEES, WE LOOK FORWARD TO A PRODUCTIVE SUMMER AND PREPARING FOR ANOTHER GREAT SCHOOL YEAR BEGINNING IN AUGUST.

AND THAT IS YOUR REPORT FOR JUNE. WELL SAID, DOCTOR GLENN, THANK YOU VERY MUCH FOR YOUR REPORT. WE'LL MOVE ON NOW TO ITEM NUMBER EIGHT.

[8. PUBLIC HEARING]

AT THIS TIME, THE PUBLIC HEARING IS DECLARED OPEN, AND I WILL ASK THE ADMINISTRATION TO TAKE US THROUGH A PRESENTATION REGARDING THE PROPOSED BUDGET. MR. PARK. PRESIDENT BRYAN, DOCTOR GLENN, TRUSTEES.

GOOD EVENING. HERE TO OPEN THE PUBLIC HEARING FOR THE FISCAL YEAR 26-27 PROPOSED BUDGET.

SO EARLY THIS MONTH, AS THE TIMELINE WAS PRESENTED MULTIPLE TIMES IN PREVIOUS MEETINGS.

ABOUT TEN DAYS AGO, WE PUBLISHED OUR NOTICE OF PUBLIC MEETING TO, TO DISCUSS BUDGET AND PROPOSED TAX RATE.

TODAY HERE WE'LL PRESENT THE PROPOSED BUDGET TO BE ADOPTED BY THE BOARD.

[00:20:05]

AND, AND IN THE AGENDA AS A SEPARATE ATTACHMENT FOR EVERYONE TO SEE.

THIS IS A NEW REQUIREMENT FOR THE 89TH LEGISLATIVE SESSION.

HOUSE BILL 1522. THE TAXPAYER IMPACT STATEMENT IS SOMETHING NEW THAT THAT THAT NEEDS TO BE PUBLISHED IN THE AGENDA.

AND SO IT BASICALLY JUST REQUIRES THAT THAT WE SHOW THE PROPERTY TAX BILL IN DOLLARS FOR THE CURRENT FISCAL YEAR AND THE ESTIMATED PROPERTY TAX BILL IN DOLLARS FOR THE NEXT FISCAL YEAR BASED ON THE MEDIAN HOUSEHOLD VALUE.

SO IF YOU SEE HERE. SO LAST, THIS CURRENT YEAR THAT WE'RE IN THE MEDIAN HOUSEHOLD, HOUSEHOLD VALUE WAS $855,000. AND AT THE TAX RATE THAT WE HAVE ADOPTED OF 9294, THAT ESTIMATED PROPERTY TAX BILL IS $7,950 FOR THE SCHOOL DISTRICT PORTION. THIS COMING YEAR, THE MEDIAN HOUSEHOLD VALUE, BASED ON THE ESTIMATED PRELIMINARY VALUES RIGHT NOW IS AT 859,000.

SO PRETTY SIMILAR, A COUPLE THOUSAND DOLLARS INCREASE.

AND AT THE SAME CURRENT PROPOSED TAX RATE, IT WOULD INCREASE YOUR TAXES BY, BY $39.

SO. JUST A LITTLE HISTORICAL TABLE OF OUR, OF OUR TAX RATES HAS COME DOWN, COME DOWN VERY SIGNIFICANTLY SINCE 23-24.

AND CURRENTLY WE HAVE JUST BASED ON THE PRELIMINARY VALUES THAT HAVEN'T CHANGED MUCH, WE HAVE JUST GONE AHEAD AND PROPOSED AN ESTIMATED TAX RATE THAT THAT IS THE SAME LEVEL AS THIS CURRENT YEAR AS IS ADOPTED.

SO 6853 ON THE NO SIDE, 2441 ON THE I&S SIDE FOR A TOTAL TAX RATE OF 9294 PER $100 OF VALUE, TAXABLE VALUE. AND ONE THING AS A, AS A PART OF THAT HOUSE BILL.

SO NEW THIS YEAR IN ORDER TO ADOPT A TAX RATE THAT IS HIGHER THAN THE DISTRICT'S MINIMUM DEBT REQUIRED DEBT SERVICE RATE THE BOARD WILL NEED A 60% VOTE IN ORDER TO, TO ADOPT THAT. SO JUST SOMETHING TO KEEP IN MIND.

SO YOU'VE SEEN THIS SLIDE BEFORE. JUST TO RECAP ON OUR, ON OUR BUDGET PARAMETERS.

I KNOW PREVIOUSLY I HAD PROJECTED OUR VALUES TO MAYBE POSSIBLY GROW UP TO UP TO 3% RECEIVING MAY PRELIMINARY ESTIMATES AFTER THIS, THIS BUDGET WAS PUT TOGETHER.

I THINK. JORDAN BOBBITT, MR. BOBBITT YOU KNOW, PROJECTED MAYBE NO GROWTH TO, TO POSSIBLY 1% OR EVEN IT MIGHT, IT MIGHT SLIDE, SLIDE DOWN.

SO, YOU KNOW, IT'S AND SO, YOU KNOW, WE'VE KIND OF KEPT STATUS QUO ON, ON ALL THE ESTIMATES GOING FORWARD.

SO BUT, YOU KNOW, ONCE THE TAX RATE IS UP, WE'LL, WE'LL ANALYZE AND THEN AND THEN PROVIDE A BUDGET AMENDMENT AS NECESSARY.

YEAH. AND, AND LET ME JUST PAUSE RIGHT THERE BECAUSE I KNOW YOU PUT SOME TAX RATE STUFF IN, IN SO, SO ESSENTIALLY WHAT WE DO RIGHT NOW AT THIS POINT IS WE PUT A PLACEHOLDER FOR THE TAX RATE AND NOT KNOWING WHAT'S GOING TO HAPPEN OFFICIALLY WITH TAD VALUES, WE'RE JUST GOING TO HOLD THE CURRENT RATE. BUT BUT IN ALL LIKELIHOOD, THIS BOARD'S TREND OF BEING ABLE TO REDUCE THE TAX RATE, WE KNOW THAT WE STILL HAVE CAPACITY, ESPECIALLY ON THE I&S SIDE SO WHETHER WHETHER IT'S THROUGH COMPRESSION ON THE M&O SIDE OR WHETHER IT'S A CAPACITY ADJUSTMENT ON THE I&S SIDE, THE BOARD IS GOING TO HAVE FLEXIBILITY IN AUGUST WHEN WE OFFICIALLY ADOPT THE TAX RATE, SO. AND THE DIFFERENCE BETWEEN THIS AND IN PREVIOUS YEARS IS WE CHANGED OUR FISCAL YEAR TO ENDING JUNE 30TH.

SO WE HAVE TO WAIT NOW ADDITIONAL MONTH AND A HALF OR WHATEVER IT IS TO GET THOSE OFFICIAL VALUES.

YEAH, THAT'S THAT'S A GREAT POINT. AND SO, SO, YOU KNOW, THIS ALLOWS US TO, TO, ON THE FRONT END, GET A LOT OF STUFF DONE WITH OUR BUDGET EARLY.

BUT ON THE, THE DOWNSIDE OF IT IS WE DON'T DON'T EXACTLY HAVE ALL THE NUMBERS WE NEED FOR A TAX RATE RIGHT NOW.

AND SO, SO WE LOOK FORWARD TO THAT CONVERSATION.

IT'S BEEN REALLY GOOD IN THE PAST AND WE ANTICIPATE THAT IT WILL BE AGAIN.

THANK YOU. SO MY OUR PROJECTED DECREASE IN ENROLLMENT RIGHT NOW WE'RE ESTIMATING ABOUT A 200 STUDENT LOSS.

[00:25:07]

FTE IS CURRENTLY THROUGH, THROUGH ATTRITION. WE'VE, WE'VE BEEN ABLE TO HAVE A NET PAYROLL SAVINGS OF APPROXIMATELY $1.3 MILLION GOING INTO NEXT YEAR. WE TURNED AROUND AND THIS BOARD APPROVED A 3 TO 5% RANGE OF RACES FOR FISCAL YEAR 27. AND THEN SO FAR, WHAT'S, WHAT'S PROPOSED WE'VE BEEN ABLE TO REDUCE OVER $350,000 OF, OF NON PAYROLL OPERATIONAL BUDGETS THROUGH OUR, THROUGH OUR ZERO BASED BUDGETING EFFORTS.

THAT, THAT NET IS A LITTLE LOWER BECAUSE WE, WE HAD TO BUDGET A LITTLE HIGHER IN THE AREAS OF TRANSPORTATION AND CHILD NUTRITION GOING INTO NEXT YEAR. AND THEN, AND THEN OF COURSE YOU KNOW, WE ARE RIGHT ON THE DOORSTEP OF, OF, OF SELLING THIS OLD DRAGON STADIUM LAND TO THE CITY.

AND THEN, AND THEN THIS, THIS LIST HERE, THIS, THIS BUILDING, THE CELL TOWER EASEMENTS, THE DURHAM INTERMEDIATE SCHOOL, YOU KNOW, THOSE ARE ALL PROPERTIES ON THE, ON THE HORIZON THAT COULD, COULD REALLY SUPPORT OUR CASH FLOWS AND OUR FUND BALANCE GOING FORWARD.

SO GOING INTO THE PROPOSED BUDGET FOR NEXT YEAR.

HERE YOU CAN SEE OUR GENERAL FUND BUDGET BY BY FUNCTION.

AGAIN DUE TO OUR ATTRITION CUTS, YOU KNOW, I WOULD ATTRIBUTE THE DECREASE IN IN FUNCTION 11 DUE TO A LOT OF THE PAYROLL SAVINGS WE'VE BEEN ABLE TO, TO BUDGET IN SOME OF THE OTHER HIGHLIGHTS. FUNCTION 36 I KNOW THE HIGH SCHOOL AND THE SENIOR HIGH SCHOOL HAVE TRIMMED, TRIMMED A LITTLE BIT OF THEIR EXTRACURRICULAR BUDGETS.

AND THEN, AND THEN WE'VE BEEN ABLE TO, TO WORK WITH ATHLETICS TO, TO, TO TRIM A LITTLE BIT AS THEIR, AS WELL FUNCTION 41 IT'S MOSTLY DUE TO THE, TO THE SEVERAL HUNDRED THOUSAND DOLLARS OF, OF CONTINGENCY FUNDS THAT, THAT WE WERE ABLE TO HAVE IN THIS YEAR'S BUDGET THAT JUST DUE TO, YOU KNOW, JUST, I MEAN, WE WERE, WE WERE VERY UP AGAINST, YOU KNOW, THIS YEAR'S BUDGET WHEN, WHEN WHEN TRYING TO GET TO THE BALANCED BUDGET.

AND SO, AND SO WE ARE NOT ABLE TO TO ADD IN ANY CONTINGENCY THIS YEAR.

SO SO I WOULD ATTRIBUTE AT LEAST HALF OF THAT TO THAT.

AND SO BUT, YOU KNOW, HOPEFULLY, HOPEFULLY AS WE GO, YOU KNOW, WE'LL BE ABLE TO FIND, FIND SAVINGS AND, AND, AND OBVIOUSLY, WE WON'T UTILIZE ALL OF OUR, ALL OF OUR NON PAYROLL BUDGETS.

SO YOU KNOW, HOPEFUL TO, TO BE ABLE TO GET TO THAT NUMBER THIS YEAR.

DATA PROCESSING IN TECHNOLOGY, MR. STEWART'S DEPARTMENT YOU KNOW, THEY WERE ABLE TO, TO FIND A LOT, A LION'S SHARE OF THAT, OF THAT DECREASE IN THEIR BUDGET.

AND SO WE WERE, WE WERE GRATEFUL FOR, FOR HIS PARTNERSHIP REALLY EXAMINING HIS, HIS BUDGET AND, AND REALLY SAVING WHERE WE COULD. AND SO IF YOU LOOK AT THE BOTTOM, THE LAST, THE LAST LINE THERE EXPENDITURES LESS RECAPTURE A NET INCREASE OF THOUSAND DOLLARS GOING INTO THIS NEXT FISCAL YEAR.

AND THEN THIS ONE JUST INCLUDES OUR, OUR DEBT SERVICE IN THAT MIDDLE COLUMN THERE.

SO WE'RE EXPECTING TO COLLECT 34 MILLION IN, IN COLLECTIONS.

AND THEN THE STATE ASAHE I&S HOLD HARMLESS ABOUT $2 MILLION.

AND SO, SO THAT IS YOUR COMBINED GENERAL FUND AND, AND DEBT SERVICE BUDGETS.

BUT THANK YOU, MR. PARK. I APPRECIATE YOUR PRESENTATION.

ALL THE NUMBERS. I KNOW IT'S WE'VE GONE THROUGH IT A MILLION TIMES, SO WE, WE KNOW WHAT WE'RE LOOKING AT.

I KNOW THE COMMUNITY, WHOEVER'S WATCHING IS PROBABLY GOING, WHAT IN THE WORLD ARE ALL THESE NUMBERS? ONE OF THE THINGS THAT KIND OF STOOD OUT TO ME WAS THE FACT THAT OUR RECAPTURE PAYMENT THIS YEAR IS HIGHER THAN IT WAS LAST YEAR, DESPITE THE 89TH LEGISLATIVE SESSION, GIVEN A HUGE HOMESTEAD EXEMPTION AND THESE TAX BREAKS.

SO DOES THAT MEAN OUR PROPERTY VALUES ARE INCREASING AT A RATE HIGHER THAN WHAT THEY'RE DECREASING OUR OUR TAXES BY? IS THAT RIGHT? YES. SO SO SO IF OUR IF OUR TAX RATE STAYS THE SAME AND OUR AND OUR VALUES DO INCREASE BY, BY A COUPLE PERCENT, THEN THEN THE THEN THE RECAPTURE THAT WE PAY ON THAT ON THAT INCREASED VALUE WILL RESULT IN A, IN A SLIGHTLY HIGHER RECAPTURE AMOUNT FOR, FOR THIS UPCOMING YEAR.

SINCE, SINCE THE, THE EXEMPTION LAWS, YOU KNOW, WHEN IN EFFECT THIS PAST YEAR.

[00:30:03]

SO, SO, SO MUCH OF OUR REVENUE FROM THE STATE IS BASED ON ENROLLMENT.

AND SO I THINK THERE'S A MISNOMER OUT THERE THAT BECAUSE WE HAVE EXPENSIVE PROPERTIES HERE IN CARROLL, THAT THE DISTRICT RECEIVES MORE MONEY. BUT I KNOW IN IN OUR IN OUR PRESENTATIONS AROUND THE COMMUNITY.

WE TRY AND MAKE MENTION ALL THE TIME THAT WE ARE THE LOWEST FUNDED DISTRICT.

WHEN WE'RE LOOKING AT THE TARGET REVENUE THAT WE RECEIVE PER STUDENT.

SO IT'S DEFINITELY A CHALLENGE. AND THE ENROLLMENT DECLINE IS A CHALLENGE.

BUT WHEN YOU'RE GRADUATING CLASSES OF, YOU KNOW, 700 PLUS AND YOU'RE BRINGING IN CLASSES OF JUST OVER 400 YOU KNOW, IT'S SOMETHING THAT THAT WE HAVE TO WORK THROUGH AND WE'RE NOT THE ONLY DISTRICT WORKING THROUGH THIS.

YOU KNOW, MR. PARK WAS AT HIGHLAND PARK AND YOU KNOW, WE KNOW THAT THAT'S A DISTRICT THAT'S JUST TRENDING A FEW YEARS AHEAD OF WHERE WE'RE AT RIGHT NOW. AND I APPRECIATE, I KNOW THAT THE BOARD PASSED A POLICY A COUPLE OF YEARS AGO THAT SAYS THE DISTRICT HAS TO COME TO US WITH A BALANCED BUDGET.

BUT I KNOW THAT THAT AND THAT PROBABLY DOESN'T MAKE YOUR JOB ANY EASIER.

AND I KNOW THAT YOU AND YOUR TEAM HAVE BEEN WORKING VERY HARD IN, IN TRYING TO FIGURE OUT HOW TO MAKE THAT HAPPEN.

AND YOU, YOU HAVE AND THANK YOU TO DOCTOR GLENN FOR, FOR DOING THAT AND PRESENTING THIS THIS TO US IN A, IN A VERY, VERY REAL SCENARIO, BECAUSE WE'RE NOT THE AMENDMENT THAT WHEN THE TAD VALUES COME, OUR AMENDMENT IS NOT GOING TO BE, YOU KNOW, SIGNIFICANT, RIGHT? IS THAT? NO, THAT PUTS THE ONUS ON ON THE ADMINISTRATION AND US AS A DISTRICT LEADERS TO, TO, TO REALLY EXAMINE OUR BUDGET AND MAKE SURE THAT THAT, YOU KNOW, WE'RE OPERATING IN THE MOST FISCAL FISCALLY RESPONSIBLE WAY POSSIBLE AND BUILDING THAT ZERO BASED BUDGET CULTURE IS SUPER IMPORTANT.

AND I KNOW THAT YOU'VE BEEN IT'S VERY DIFFICULT TO WHEN PEOPLE HAVE NEVER DONE THAT IN THE PAST AND THEN ARE ASKED TO DO THAT.

IT'S, IT'S TOUGH. AND I KNOW YOU CAME IN AND YOU'RE LIKE, I'M GOING TO EMBRACE THIS, I'M GOING TO DO THIS.

THE ONLY WAY THAT WE CAN GET TO A BALANCED BUDGET.

AND SO THANK YOU. AGAIN, I'VE SAID THANKS MANY TIMES FOR THAT, BUT IT REALLY DOES MEAN A HECK OF A LOT WHEN WE HAVE A CFO THAT ACTUALLY BUYS INTO THE.

IT'S ALL THE DEPARTMENT LEADERS AND, AND THE CAMPUS LEADERS WHO, WHO, WHO ARE BUYING IN, WHO OR BUYING INTO IT.

YEAH. THANK YOU CHASE. YOU AND YOUR TEAM ARE PHENOMENAL, BUT EVERYTHING RISES AND FALLS ON LEADERSHIP AND WE JUST RECOGNIZE HOW HARD YOU WORK AND WHAT A GREAT JOB YOU DO FOR THIS DISTRICT. ONE CAVEAT I WANTED TO, TO JUST TO JUST MENTION, I KNOW I MENTIONED THE BUDGET AMENDMENT, BUT ALSO IN A FUTURE IN A PRESENTATION THAT'S COMING UP HERE LATER IN THIS MEETING, WE WILL DISCUSS INSURANCE PREMIUMS AND AND SO THAT, THAT NUMBER IN, IN FUNCTION 51, THE MAJORITY OF OUR, OF OUR PROPERTY CASUALTY INSURANCE IN FUNCTION 51 THAT WAS BUDGETED YOU KNOW, INCLUDED AN OLD ESTIMATED NUMBER.

AND, AND YOU'LL BE PLEASANTLY SURPRISED IN THE UPCOMING DISCUSSION ABOUT, ABOUT, ABOUT OUR PROPERTY CASUALTY INSURANCE THAT, THAT, THAT NUMBER WILL LIKELY WILL BE ABLE TO AMEND IT BY, UP BY CLOSE TO $1 MILLION.

SO THAT'S GREAT. THAT'S SIGNIFICANT. THANK YOU.

ANY OTHER QUESTIONS OR COMMENTS FOR MR. PARK.

I HAVE A QUICK QUESTION, MR. PARK. CAN YOU GO TO PAGE EIGHT? OKAY, SO I HAVE A QUESTION. FROM 25 TO 26 OUR CURRICULUM AND INSTRUCTION IS GOING IS INCREASING.

IS THAT BECAUSE WE'RE HAVING TO ADOPT NEW CURRICULUM THAT THE STATE IS WRITING OR WITH OUR STUDENT POPULATION GOING DOWN? WHY IS THAT NUMBER GOING UP? NO. SO OUR, OUR CURRICULUM FUNDS ALL THOSE ADOPTIONS COME OUT OF OUR OUR, OUR INSTRUCTIONAL MATERIALS ALLOTMENT. AND SO THAT WOULDN'T BE IT.

YOU KNOW, THOSE LIKELY HAVE TO HAVE TO DO WITH SALARIES IN OUR, IN OUR, YOU KNOW, PAYROLL RAISES AND, AND INCLUDING ALSO POSSIBLE, YOU KNOW, ONE TIME PAYMENT AND THINGS LIKE THAT.

SO THANK YOU. ANYTHING ELSE? OKAY. AT THIS TIME, I'LL RECOGNIZE ANY SPEAKERS WHO HAVE NOT ALREADY SPOKEN EARLIER DURING PUBLIC COMMENTS TO ADDRESS THE BOARD REGARDING THE PROPOSED BUDGET.

IS THERE ANYONE WHO WANTS TO ADDRESS THE BOARD? OKAY. THIS CONCLUDES THE PUBLIC HEARING ON THE PROPOSED 2026 2027 BUDGET FOR THE 2026 2027 FISCAL YEAR.

HEARING IS NOW CLOSED. WE WILL MOVE ON TO OUR DISCUSSION ACTION PORTION OF OUR MEETING, WHICH IS ITEM NUMBER 9.

[9. DISCUSSION/ACTION]

MR. PARK, ANYTHING ELSE THAT YOU WOULD LIKE TO SHARE WITH THE BOARD IN THIS REGARD? NO, SIR. OKAY. APPRECIATE YOUR CONSIDERATION.

TRUSTEE YEAGER, CAN I HAVE A MOTION? I MOVE THAT THE BOARD ACCEPT THE BUDGET ADOPTION AS PRESENTED BY MR. PARK. SECOND. MOTION AND SECOND. ANY FURTHER DISCUSSION?

[00:35:03]

OKAY. ITEM NUMBER TEN, WHICH IS THE INFORMATION PORTION OF OUR MEETING.

[10. INFORMATION]

SO IN PAST YEAR, WE'VE, WE'VE USED OUR EXCESS CAPACITY TO DEFEASE DEBT.

TWO YEARS AGO, WE DEFEASE 18 MILLION. LAST YEAR WE, WE OR THIS YEAR WE WILL DEFEAT 10 MILLION.

AND SO, BUT WE FOUND THAT WITH THIS NEW HOMESTEAD EXEMPTION YOU KNOW, WE, IT REQUIRES US TO HAVE A MINIMUM DEBT SERVICE LEVEL THAT, THAT, YOU KNOW, THAT MATCHES OUR TAX RATE.

BUT HOWEVER OUR TAX RATE IS A LITTLE HIGHER, WE DO HAVE EXCESS CAPACITY.

AND SO, AND SO THAT, THAT PROHIBITS US FROM, FROM CAPTURING ABOUT $800,000 OF STATE.

STATE ASAHI INS HOLD HARMLESS MONIES. AND SO.

AND SO THIS MECHANISM HERE YOU KNOW, BY, BY US REFINANCING DEBT INTO, INTO THIS YEAR, YOU KNOW, WE'RE, WE'RE, WE'RE, WE'RE LOOKING TO SET OUR MINIMUM DEBT SERVICE RATE AMOUNT UP TO THAT, TO THAT CAPACITY LEVEL. AND SO TODAY WE'LL BE ASKING FOR, OR, I MEAN, I'M SORRY, WE'LL BE PROVIDING INFORMATION ABOUT, ABOUT OUR STRATEGY OF REFINANCING UP TO $15 MILLION OF, OF DEBT.

AND SO JUST, YOU KNOW, I'D LIKE TO SET THAT STAGE AND THEN I'D LIKE TO INVITE MR. LEWIS WILKS UP TO GO THROUGH HIS PRESENTATION.

OKAY. PERFECT. THANK YOU. LEWIS WILKS WITH U.S.

CAPITAL ADVISORS. MR. PRESIDENT, MEMBERS OF THE BOARD.

DOCTOR GLENN, MY PLEASURE TO BE WITH YOU TONIGHT.

AS MR. PARK HAS SUGGESTED. I'M GONNA TRY TO GET DOWN TO THE NEXT SLIDE HERE.

ONE OF THE THINGS THAT'S OCCURRED DUE PURSUANT TO SENATE BILL 4 AND SENATE BILL 23 IS THE CASH DEFICIENCIES THAT WE'VE BEEN DOING THE LAST COUPLE OF YEARS ARE STILL ALLOWED. HOWEVER, IF YOU HAVE YOUR TAX RATE IF YOUR COLLECTIONS EXCEED YOUR TAX RATE THERE'S A LITTLE PENALTY PURSUANT TO THOSE TWO BILLS.

AND SO, AND AS MR. PARK MENTIONED, THAT PENALTY IS ROUGHLY ABOUT $809,000.

SO THE WORKAROUND TO MAKE THIS WORK, GIVEN THE NEW LEGISLATION, INSTEAD OF JUST DEFEASING BONDS, WE'RE GOING TO REFUND BONDS, AND WE'RE GOING TO PUT A DEBT SERVICE PAYMENT INTO FISCAL 26-27.

SO THAT WHEN YOU SET YOUR TAX RATE, YOU'RE NOT SETTING YOUR TAX RATE WITH A DEFEASANCE IN MIND, YOU'RE SETTING YOUR TAX RATE TO PAY CURRENT YEAR DEBT SERVICE.

SO IT'S A LITTLE BIT OF A NUANCE FROM WHAT HAS BEEN TAKING PLACE IN THE IN THE PAST.

IT'S THE THE WORKAROUND, IF YOU WILL, TO TRY TO LET YOU CONTINUE TO PAY OFF DEBT AND SAVE MONEY BY PAYING DEBT SERVICE, BUT ALSO MAINTAIN THAT ASAHE FUNDING.

MR. WILKS BY DOING THAT, YOU'RE SAYING THAT WE, WE CUT THAT 809,000 DOWN OR WE DON'T HAVE TO PAY THAT AT ALL.

WELL, WE PURSUANT TO THE HOLD HARMLESS THAT OCCURRED FROM MOVING THE HOMESTEAD EXEMPTION EXEMPTION FROM 100,000 TO 140.

OKAY. SO WE'RE TRYING TO MAINTAIN THE SAVINGS AND PAY OFF THE DEBT SO YOU CAN DEFEASE BONDS AS NORMAL.

BUT WITH THIS NEW LITTLE NUANCE, PUTTING A DEBT SERVICE PAYMENT, IT'S A SHORT TERM TAXABLE PAYMENT INTO NEXT YEAR SO THAT WHEN YOU'RE SETTING YOUR TAX RATE, YOU'RE NOT SETTING YOUR TAX RATE FOR CURRENT YEAR DEBT AND THE DEFEASANCE.

YOU'RE SETTING YOUR TAX RATE FOR THE CURRENT DEBT PURSUANT TO THE REFUNDING.

SO SO WE'RE STILL, WE'RE STILL PAYING WE'RE STILL PAYING DOWN DEBT.

IT'S JUST WITHIN THE PARAMETERS OF THE STATE THAT KEEPS US FROM BEING PENALIZED AND LOSING STATE AID. CORRECT? YES, SIR. YES. WILL WE HAVE TO DO THIS IN YEARS MOVING FORWARD THEN? AS LONG AS WE HAVE DEBT POTENTIALLY AT LEAST PROBABLY ONE MORE YEAR, AND THEN WE'LL HAVE ANOTHER LEGISLATIVE SESSION AND WE'LL SEE WHAT HAPPENS.

AND SO THINGS COULD CHANGE AFTER THAT. SO WHAT WAS I MEAN, YOU MAY NOT KNOW THIS, BUT WHAT WAS THE INTENT OF THAT LAW?

[00:40:04]

WELL, I HERE'S THIS IS, THIS IS MY BASIC UNDERSTANDING IS THERE.

THEY RECOGNIZE THE PROBLEM WITH RISING VALUES, HOMESTEAD VALUES.

AND THEY'VE BEEN TRYING TO COMPRESS MO AND SO FORTH.

AND THEY FELT LIKE DISTRICTS SHOULD NOT DEFEASE DEBT, NOT PAY OFF BONDS, WHICH DOESN'T MAKE A WHOLE LOT OF SENSE IF YOU'RE TRYING TO SAVE MONEY. AND THEY, THEY WERE TRYING TO GET AT A MECHANISM THAT WOULD SOMEHOW PENALIZE YOU IF YOU CONTINUED TO DO THAT. THEY JUST DON'T LIKE THE FACT THAT THAT DISTRICTS ARE PAYING OFF BONDS, HOLDING TAX RATES SLIGHTLY HIGHER, TAKING THAT REVENUE, PAYING OFF DEBT.

YEAH, IT BECOMES IT BECOMES A LOCAL CONTROL ISSUE WHERE, WHERE THIS BOARD HAS TRIED TO MANAGE THE INHERITED DEBT, PAYING IT DOWN WHILE SIMULTANEOUSLY LOWERING THE TAX RATE.

THEY, THEY WANT TO TAKE THAT AWAY FROM YOU AND SAY LIKE WE CONTROL THE M AND O TAX RATE, WE DECIDE WHAT COMPRESSION WILL LOOK LIKE.

WE WANT TO DO THE SAME ON YOUR INS SIDE. AND SO, SO ESSENTIALLY, IF, IF THAT LEGISLATION GOES THROUGH THIS NEXT SESSION, YOU KNOW, THE STATE WILL BE SETTING OUR TAX RATES.

I APPRECIATE YOU SAYING THAT. IT IT'S HARD. AND THE PROBLEM IS IF YOU GO TO THEM AND SAY, WELL, LOOK, IF YOU CAN'T DO THIS, YOU'RE SAYING YOU CANNOT PAY OFF DEBT EARLY.

AND THAT MAKES NO SENSE WHATSOEVER. ZERO SENSE.

RIGHT. THANK YOU. THE PAR AMOUNT THAT WE'RE LOOKING AT, THIS IS KIND OF THE THE MAX, IF YOU WILL, BECAUSE AS AS YOU GET CLOSER, WE GET VALUES FOR PERMANENT VALUES CERTIFIED FOR 26.

THIS COULD CHANGE. THIS IS THE HIGH END, IF YOU WILL, A PAR AMOUNT OF ABOUT 14,265,000 THAT WOULD REFUND 14,265,000. IT'S A TAXABLE TRANSITION TRANSACTION BECAUSE CURRENT LAW WILL NOT LET YOU REFUND BONDS THAT AREN'T CALLABLE ON A TAX EXEMPT BASIS.

YOU HAVE TO DO IT TAXABLE. SO WHAT WE'RE ASSUMING IN OUR NUMBERS IS A ABOUT A FIVE AND A QUARTER, THREE QUARTERS TAX TAXABLE RATE. THE DEBT SERVICE SAVINGS WITH THESE NUMBERS IS STILL OVER $4 MILLION A YEAR FOR FOR THIS NEXT YEAR.

ON JUNE, JULY 20TH, THERE WILL BE IF YOU CHOOSE TO MOVE FORWARD, THERE WILL BE A AGENDA ITEM ON THE JUNE 20TH, JULY 20TH AGENDA TO APPROVE THIS PARAMETER BOND ORDER BOND COUNCIL WOULD LIKELY BE HERE TO PRESENT THAT AT THAT MEETING.

OUR PRICING DATE IS PROJECTED TO BE AUGUST 10TH AFTER WE GET CERTIFIED VALUES AND WORK THROUGH THE NUMBERS AGAIN WITH A CLOSING DATE ON, ON OR ABOUT SEPTEMBER 2ND. THE MATURITY OF THIS REFUNDING IS VERY SHORT TERM, APRIL 15TH OF NEXT YEAR.

SO THAT'S THE DEBT SERVICE PAYMENT, THAT $14 MILLION THAT'S GOING INTO NEXT YEAR'S DEBT SERVICE TOTAL OF ABOUT 148 INTO NEXT YEAR'S DEBT SERVICE. YOUR PROPOSED, OH, AND THESE ARE THE BONDS THAT, AS WE'VE LOOKED AT RECENTLY, THESE WOULD BE THE BONDS THAT YOU WOULD BE PAYING OFF SOME OF THE 16 C'S, 15 B'S, 15 B'S AND THE 19 AS, THAT, THAT AGAIN, TOTALING THAT $14,265,000. AND THE PARAMETERS TO BE CONSIDERED ON THE 20TH OF JULY, $15 MILLION NOT TO EXCEED MOUNT ON THE REFUNDING LIKELY A TAXABLE TRANSACTION, BECAUSE NOT ALL THE BONDS ARE CURRENTLY CALLABLE.

ALL THE OUTSTANDING BONDS THAT YOU HAVE WILL BE ELIGIBLE TO BE REFUNDED AND, AND PAID SO THAT WE HAVE SOME FLEXIBILITY IN WHICH ONES TO PAY TO TRY TO MAXIMIZE THE THE INTEREST SAVINGS INTEREST RATE NOT TO EXCEED 6.5% AND A MINIMUM DEBT SERVICE SAVINGS OF AT LEAST $1 MILLION. THAT'S DOWN FROM THE 4 MILLION IN CASE WE'RE ONLY DOING A $5 MILLION REFUNDING VERSUS A $14 MILLION REFUNDING. AND THAT IS PRETTY MUCH OUR PRESENTATION.

BE GLAD TO ANSWER ANY QUESTIONS. I REALLY APPRECIATE YOUR PRESENTATION, AND I WANT TO CAPTURE SOME OF THESE NUMBERS FOR SOME OF OUR TALKING POINTS AROUND OUR COMMUNITY. AND, YOU KNOW, IT'S UNFORTUNATE THAT A DISTRICT LIKE OURS THAT ACTUALLY WANTS TO GET OUR COMMUNITY OUT OF DEBT GETS PENALIZED FOR THAT. WE APPRECIATE YOU AND MR. PARK COMING UP WITH A WAY THAT ELIMINATES THAT OR REDUCES THAT.

[00:45:03]

OKAY. PROBABLY HAVE EIGHT MORE THAT WE'RE DOING.

AND THE TIMING OF THIS IS WE NEED TO PRICE THE TRANSACTION PRIOR TO YOU SETTING YOUR TAX RATE SO THAT THOSE NEW BONDS ARE IN THE NEW TAX RATE PROJECTIONS.

AND THAT'S WHY IT'S SO QUICK. SO THAT'S WHY AND THAT'S WHY EVERYTHING'S WILL BE COMING.

ALL OF THESE TRANSACTIONS PROBABLY IN THE FIRST PART OF OF AUGUST.

I GOT YOU. OKAY. ANYTHING ELSE FOR MR. WILKS? OKAY. THANK YOU SIR. I APPRECIATE YOU BEING HERE.

APPRECIATE IT. YEP. I DO HAVE SOMETHING FOR CHASE.

I WOULD LIKE YOU, IF YOU DON'T MIND. CAPTURE SOME OF THE NUMBERS SO THAT WE CAN GET THEM OUT TO OUR COMMUNITY.

BUT ALSO WHEN YOU WHEN YOU PRESENT THIS FOR BOARD ACTION NEXT MONTH, LET'S LOOK AT WHERE, WHERE THE DEBT SERVICE WAS IN 2021 AND KIND OF BRING THAT TO, TO FRUITION AFTER WE MAKE OUR PRINCIPAL INTEREST PAYMENT THIS YEAR.

SO WE CAN GIVE OUR COMMUNITY AN IDEA OF WHAT'S LEFT.

BECAUSE I KNOW FOR SIX A DISTRICT OUR DEBT IS GETTING EXTREMELY LOW AND MOVING TOWARD THE AREA WHERE WE CAN BE DEBT FREE.

AND THEN AS WE GO OUT FOR BONDS IN THE FUTURE, DO SHORT TERM BONDS THAT CAN BE PAID OFF QUICKLY.

CERTAINLY. WE'LL KEEP THAT IN MIND. OKAY. ANYTHING ELSE? OKAY. THANK YOU SIR. WE'LL MOVE ON TO AGENDA ITEM NUMBER 11.

[11. DISCUSSION/ACTION]

CONSIDER APPROVAL OF UPDATES TO THE FACILITIES, RENTAL FEE SCHEDULE AND RENTAL POLICY.

MR. PARK. YES. SO WE, WE PRESENTED THIS AS AN INFORMATIONAL ITEM AT LAST BOARD MEETING ON JUNE 1ST. WE'VE, WE'VE ADDED A COUPLE UPDATES TO, AND A COUPLE EDITS TO THE, TO THE, TO THE PRICING STRUCTURE.

ONE THING I WANTED TO REINFORCE WAS, WAS THE, WAS THE I KNOW THERE WERE SOME QUESTIONS ABOUT, ABOUT THE, ABOUT THE CUSTODIAL FEES. AND SO JUST WANTED TO MAKE IT CLEAR THAT THAT IT WOULD BE A PER EVENT FEE.

AND, AND A MINIMUM CHARGE OF, OF TWO HOURS. WE'LL, WE'LL MAKE SURE TO, TO ADD THAT THERE AND THEN THIS, THIS CUSTODIAL ON SITE. SOME, SOME RENTERS DO REQUEST THAT, THAT CUSTODIAL IS THERE YOU KNOW, THROUGHOUT THE DAY OR WHATEVER. AND SO, AND SO ON A AS, AS NECESSARY BASIS, WE CAN, WE CAN ADD THAT CHARGE TO THEIR RENTALS.

SO SO THAT'S ABOUT, IT'S ABOUT THE BIGGEST UPDATE WE HAVE YOU KNOW, AND WE'LL REQUEST YOUR CONSIDERATION FOR APPROVAL.

YEAH. BEFORE I MAKE A MOTION, I WANTED TO THANK YOU DOCTOR OR DOCTOR.

HE'S WORKING. MR PARK. YEAH. AND THAT IS THAT EVERYBODY CAN GO ON AND READ THESE RATES IN PARTICULAR.

WE'VE TALKED ABOUT IT. WE'VE, YOU KNOW, HAVE THIS BEAUTIFUL PIANO AND THAT'S IN OUR FINE ARTS CENTER.

AND WITH THESE NEW RATES FROM WHAT I UNDERSTAND, IT IS A VERY AFFORDABLE WAY FOR TWO HOUR RENTAL, MINIMUM TWO HOUR RENTAL FOR PEOPLE WHO ARE GIVING PIANO LESSONS TO HAVE THEIR RECITAL IN THE FINE ARTS CENTER AND FOR DRAGON STUDENTS TO BE ABLE TO USE THAT FOR THE RECITAL. SO I LOOK FORWARD TO THE FIRST PIANO TEACHER THAT BOOKS THAT BECAUSE I KNOW THAT FACILITY, THAT PIANO THAT BELONGS TO THE COMMUNITY. AND WE'RE GOING TO TREAT IT WELL AND WE'RE GOING TO MAKE IT LAST FOR YEARS.

BUT I REALLY APPRECIATE YOU AND DOCTOR GLENN AND OUR TRUSTEES OF MAKING THAT OPTION A NEW OPTION IN THE RENTAL TERMS. CERTAINLY CARROLL ISD STUDENTS SHOULD SHOULD HAVE THE OPPORTUNITY TO, TO UTILIZE THAT AMAZING FACILITY FOR THEIR, FOR THEIR SPECIAL MOMENTS. SO GLAD TO MAKE THAT HAPPEN.

WELL, MR. PARK, I KNOW YOU'VE WORKED HARD ON THIS.

I APPRECIATE YOU CLARIFYING THAT AND MR.. MR. MOONEY AS WELL. BOTH OF YOU GUYS WERE PHENOMENAL PUTTING THIS TOGETHER.

APPRECIATE THE THE AMENDMENT, WE'LL APPROVE IT OR WILL ASK FOR APPROVAL AS RECOMMENDED WITH THE CUSTODIAL AMENDMENTS.

SO THANK YOU FOR YOUR CLARIFICATION THERE TO MR. MOONEY, WHO IS OUT IN THE AUDIENCE, OUR DIRECTOR OF FACILITIES.

ONE THING THAT I'D LIKE TO MAKE CLEAR IS FROM A DISTRICT AND TRUSTEE PERSPECTIVE, THIS IS NOW POLICY, AND WE WANT TO MAKE SURE THAT ALL OF OUR FACILITY MANAGERS, AS IT FALLS UNDER YOUR LEADERSHIP, ARE FOLLOWING THIS TO TO A TEE. AND IF THERE IF THERE ARE ISSUES OR CONCERNS, BRING IT BACK TO OUR TRUSTEES AND THEY'RE HAPPY TO REVISIT IT.

IF IF THE RATES ARE TOO LOW OR IF THEY'RE TOO HIGH, OUR BOARD WILL SET THEM.

BUT WE NEED TO BE VERY CLEAR TO, TO ALL ADMINISTRATORS IN OUR DISTRICT THAT THESE ARE THE RATES AND GUIDELINES WE'RE GOING TO FOLLOW.

I MOVE THAT THE BOARD APPROVE THE NEW RENTAL POLICY AND RATES AS PRESENTED.

SECOND. MOTION AND A SECOND. ALL IN FAVOR. MOTION CARRIES 6 TO 0.

[00:50:04]

CONSIDER APPROVAL OF RESOLUTION TO DECLARE ADDITIONAL SURPLUS REAL PROPERTY LOCATED ADJACENT TO 801 SHADY OAKS DRIVE, SOUTHLAKE, TEXAS. TRACT NINE B OUT OF THE THOMAS M HOOD SURVEY.

ABSTRACT 706. TARRANT COUNTY DEED RECORDS AS SURPLUS.

MR. PARK. SO LAST MEETING WE BROUGHT UP OR A COUPLE MEETINGS AGO WE WE WE BROUGHT THE CONSIDERATION FOR APPROVAL OF THE SURPLUS PROPERTY FOR DURHAM INTERMEDIATE SCHOOL.

AND THEN WE SAT DOWN AND OUR OUR REAL ESTATE AGENT AND, YOU KNOW IN, DURING DISCUSSIONS WE KIND OF DETERMINED THAT IT MIGHT BE MORE LUCRATIVE OPPORTUNITY.

IF, IF WE WERE ABLE TO INCREASE, EXPAND THAT, THAT TRACT OF LAND.

AND SO THERE'S HALF IS HALF IS USE, HALF IS UNUSED.

BUT ON THE ON THE ON THE CARROLL HIGH SCHOOL SIDE OF THAT BOUNDARY THERE'S ABOUT TEN ACRES OR SO RIGHT NOW THAT THAT'S FAIRLY UNUSED. AND SO WE ARE CONSIDERING INCLUDING THAT INTO, INTO THAT TOTAL LAND TO BE DECLARED AS SURPLUS SO THAT, SO THAT WE CAN GO OUT FOR, FOR BID ON, ON 40, 40 PLUS ACRES OR SO.

INSTEAD OF JUST 29.5 OR WHATEVER IT IS NOW. AND THAT'LL.

YEAH. AND THAT'LL SUBSTANTIALLY WHEN WE'VE BEEN WORKING WITH THE BROKER THAT THAT TRUSTEES HAVE SELECTED AND THAT'LL POTENTIALLY SUBSTANTIALLY INCREASE THE, THE, THE MARKET VALUE. TRUSTEE YEAGER GETS A REPRIEVE TONIGHT BECAUSE THIS WAS READ INTO THE RECORD AT A PREVIOUS MEETING.

AND THIS IS REALLY JUST AN AMENDMENT. AND I KNOW MR. MOONEY IS GOING OUT FOR AN APPRAISAL AND SURVEY ON THE, ON THE TOTAL PROPERTY, BUT WE'LL LET EVERYBODY KNOW IF YOU WOULD LIKE TO READ IT.

THIS RESOLUTION WAS POSTED WITH THIS AGENDA AND IT IS PUBLICLY POSTED ON OUR WEBSITE.

AND SO TONIGHT WE'RE JUST LOOKING FOR YOUR APPROVAL TO BE ABLE TO TAKE THAT EXTRA TEN ACRES.

IT IS A PART OF THAT SAME PROPERTY AND DECLARED SURPLUS.

AND AGAIN, JUST AS AN FYI TO COMMUNITY MEMBERS WHO ARE LISTENING, THAT DOES NOT COMMIT THIS BOARD TO A SALE, WE WILL BRING BACK PRICES AT A LATER DATE AND YOU'LL HAVE THE OPPORTUNITY, AS WITH ALL PROPERTY, TO DECIDE TO ACCEPT A BID OR REJECT ALL BIDS.

THE ONLY REQUIREMENT FROM THE STATE IS THAT WE HAVE AN APPRAISAL APPRAISAL AND IT IS SOLD ABOVE MARKET VALUE.

SO WE'LL GO OUT FOR BIDS AND BRING IT BACK. BUT TONIGHT WE ARE NOT SELLING PROPERTY.

WE'RE JUST DECLARING IT SURPLUS. OKAY. I MOVE THAT THIS BOARD APPROVE THE RESOLUTION TO DECLARE PROPERTY AS SURPLUS AS PRESENTED.

SECOND. ALL RIGHT. MOTION AND SECOND. ALL IN FAVOR.

MOTION CARRIES 6 TO 0. THANK YOU, MR. PARK. LET'S SEE.

MOVING ON TO 11.3, WHICH IS CONSIDERED APPROVAL OF RECOMMENDATION FOR DISTRICT INSURANCE CARRIER FOR FISCAL YEAR 26-27 MR. PARK. SO AGAIN, AT A PREVIOUS MEETING, WE HAD WE HAD DISCUSSED THIS RFP AT LENGTH.

AND SO TONIGHT SEEKING YOUR, YOUR APPROVAL OF, OF, OF THE DISTRICT'S ADMINISTRATION FOR INSURANCE CARRIER FOR FISCAL YEAR 27. SO THIS RFP FOR OUR INSURANCE COVERAGE WENT OUT IN, IN MAY OF, OF 26. IT WAS OPEN FOR OVER FOUR WEEKS AND IT WAS CLOSED ON JUNE 5TH. AND WE, WE RECEIVED THREE, THREE EXCELLENT HIGH, HIGH QUALITY RESPONSES TO THE BID.

OUR PUBLISHED IN THE RFP PACKET. WAS THIS BID EVALUATION CRITERIA LISTED AS SO, OUT OF 100 POINTS.

AND JUST OVERALL, JUST OVERARCHING FACTORS IN OUR THAT WE TOOK INTO CONSIDERATION WAS THAT FIRST OF ALL, AS YOU SAW BEFORE, THE PRICE FACTOR WAS 35 POINTS OUT OF 100.

AND SO THOSE, THOSE THREE, THOSE THREE BIDS, NORTH AMERICA SOLUTIONS CAME IN AT 1.1 AND THEN RHSB ANOTHER YOU KNOW, GREAT CARRIER 1.37 AND THEN TASB 1.25.

AND SO THE, A BIG DIFFERENTIATOR DIFFERENTIATING FACTOR BETWEEN, BETWEEN THESE THREE BIDS WAS, WAS NORTH AMERICAN SOLUTIONS LOSS, LOSS LIMIT THEIR POOL CAPACITY TO ABSORB YOU KNOW, CATASTROPHIC LOSS WAS THAT ONE 1 BILLION, WHEREAS THE OTHER ONES WERE WERE, YOU KNOW, JUST AROUND HALF OF THAT.

[00:55:01]

SO JUST SOMETHING, SOMETHING TO KEEP IN MIND.

AND THEN NORTH AMERICA SOLUTIONS WAS THE ONLY, THE ONLY VENDOR IN THE BID THAT, THAT HAD A MULTI YEAR KIND OF KIND OF RENEWAL ADDENDUM WHICH THIS IS HELPFUL BECAUSE IN YEARS OF RISING, RAPID RISING RATES WE MEMBERS ALL, ALL MEMBERS ARE KEPT TO A 10% INCREASE.

AND SO YOU KNOW, IT'S, IT'S FLUCTUATES VERY, VERY YOU KNOW, MUCH FROM, FROM YEAR TO YEAR.

AND SO THAT WAS ONE ONE CONSIDERATION THAT WE FOUND BENEFICIAL.

WHEN WE LOOK AT DEDUCTIBLES INFORMATION FOR THE FOR THE THREE BIDS WE SAW THAT I MEAN, THERE WERE, YOU KNOW, PRETTY, PRETTY COMPARABLE TO EACH OTHER. AND SO YOU KNOW, I THINK, I THINK WE GAVE PRETTY GOOD MARKS ON, ON FOR ALL THREE VENDORS IN THIS AREA. AND SO JUST GOING STRAIGHT TO OUR DISTRICT RECOMMENDATION WE WOULD RECOMMEND THAT THAT WE GO WITH THE, THE, THE LOWEST PRICE NORTH AMERICA SOLUTIONS IN CIRCA, AS OUR, AS OUR INSURANCE CARRIER FOR, FOR FISCAL YEAR 27.

WE HAVE A GOOD, GOOD, ONGOING WORKING RELATIONSHIP WITH THEM.

I THINK, I THINK YOU KNOW, THEIR ABILITY TO, TO KIND OF COVER SOME OF OUR, OUR UNNECESSARY YOU KNOW, LEGAL LIABILITY, TYPE, TYPE OF THINGS. WHEN IN SOME INSTANCES, YOU KNOW, THEY DID HELP US OUT AND SO AND SO THAT PROVED BENEFICIAL.

AGAIN STRONGEST LOSS POOL, LOWEST PREMIUM AND THAT RENEWAL CAPITAL 10%.

I THINK, I THINK ALL THOSE [INAUDIBLE] CHASE WHAT IS THE, TWO QUESTIONS.

WHAT IS, WHAT IS THE OVERALL SAVINGS YEAR OVER YEAR.

YEAH. SO PREMIUMS LAST YEAR TO PREMIUMS. SO SURE.

SO OUR CURRENT PREMIUM IS JUST OVER 2.2 MILLION.

AND SO SO WHEN WE LOOK AT IT, YOU KNOW, WE COULD, WE COULD EXPERIENCE YOU KNOW, OVER $1 MILLION OF, OF INSURANCE PREMIUMS, SAVINGS FROM, FROM THIS CURRENT YEAR.

AND THE, AND THE NUMBER IN THE LOWEST BID TO THE SECOND LOWEST BID.

WHAT WAS THE DIFFERENTIAL? YEAH. SO IT WAS ABOUT, IT WAS ABOUT A QUARTER MILLION, 230,000 220,000 FROM, FROM THE 1.1 TO TO THE 1.37. THAT WAS FROM 1 TO 3.

YES. AND THEN IT WAS ABOUT AND THEN THE I'M SORRY, $250,000.

AND THE SECOND ONE WAS KIND OF IN THE MIDDLE. YES. OKAY.

OKAY. THAT'S BIG FOR US. I HAD A QUESTION FOR YOU.

A POINT OF INFORMATION, I GUESS. YEARS AGO, THIS BOARD MADE THE DECISION TO BE THE FIRST ISD IN THE STATE OF TEXAS TO LEAVE THE TEXAS ASSOCIATION OF SCHOOL BOARDS. A LOT OF EDUCATED CONSUMERS OR CITIZENS UNDERSTAND THAT THAT TASB MAKES A LOT OF THEIR MONEY THROUGH BEING INSURANCE BROKERS.

THIS IS A GREAT EXAMPLE TO ME THAT WE LET TASB BID FOR OUR BUSINESS, BUT THEN THE FACT THAT WE ARE FREE FROM THIS ASSOCIATION, WE'RE ACTUALLY BEING ABLE TO GO TO THE GENERAL OPEN MARKET AND SAVE OUR COMMUNITY $1 MILLION.

THAT'S A GREAT POINT. AND SO I JUST WANTED TO THANK YOU, PRESIDENT BRYAN AND MY FELLOW TRUSTEES, BECAUSE THIS WAS THE BIG QUESTION THAT WE HAD YEARS AGO.

AND I THINK NOW WE'RE STARTING TO SEE THE FRUITS OF OF THAT DECISION BEAR OUT.

YEAH, THAT'S A GREAT POINT, MR. PARK, IT'S NOT JUST THIS INSURANCE.

IN THE FUTURE, WE'LL BE LOOKING AT HEALTH INSURANCE AND WE'LL LOOK AT TASB.

AND WE'LL ALSO LOOK AT THE OTHER OPTIONS THAT ARE OUT THERE.

RIGHT? YES. I'VE HAD, I'VE HAD DISCUSSIONS WITH YOU KNOW, A COUPLE DIFFERENT HEALTH INSURANCE PROVIDERS AND BROKERS AND YOU KNOW, AT THIS POINT, YOU KNOW, WE'RE, WE'RE LEAVING EVERY, EVERY OPTION ON THE TABLE.

YOU KNOW, WE'RE NOT, WE'RE NOT YOU KNOW, WE'RE GOING TO FLIP OVER EVERY STONE. SO AND I THINK SOMETHING THAT IS AS WE TALK ABOUT FISCAL RESPONSIBILITY IS, IS, IS THESE COMPANIES COME AND IS OUR POLICIES IN WITH WORKER'S COMP HEALTH INSURANCE, ETC.

WE WANT TO BID EVERYTHING OUT WITH THE OPPORTUNITY TO GO THROUGH THE CRITERIA AND, AND SEE WHERE WE CAN, WE CAN FIND SAVINGS BECAUSE THIS IS LARGE, THIS IS, THIS IS BIG.

AND THAT'S, THAT'S WHAT WE SAID, RIGHT? TRUSTEE YEAGER, WE WANT TO GET OUT OF THE MONOPOLY WITH NO CHOICE AND GET INTO THE FREE MARKET WITH, YOU KNOW, THEY CAN, THEY CAN BID ON OUR JOBS AS WELL, IN WHICH THEY DID IN THE PAST THREE YEARS, RIGHT? YEAH. OKAY. I MOVE THAT THE BOARD APPROVE THE PROPERTY AND CASUALTY INSURANCE COVERAGE IN 2026-27 AS

[01:00:01]

SECOND. MOTION AND A SECOND. ALL IN FAVOR? MOTION CARRIES 6 TO 0.

OKAY. THANK YOU, MR. PARK. WE'LL MOVE ON TO OUR LAST AGENDA ITEM, WHICH IS THE CONSENT AGENDA.

[12. CONSENT AGENDA]

WE DO AS MANY TIMES WE DO MENTION THE GREAT GENEROSITY OF PEOPLE WHO LIVE IN OUR COMMUNITY AND MAKE OUR DISTRICT SO GREAT.

THE FIRST DONATION IS THANKFUL. WE'RE THANKFUL FOR THE TRADITION CLUB.

IT'S A DONATION OF $62,272 IN KIND. AND THIS IS, WE'RE GOING TO HAVE SOME PARENTS AND SOME SOME STUDENT ATHLETES WHO ARE REALLY EXCITED FOR VOLLEYBALL LOCKER ROOM IMPROVEMENTS. AND THE STATE CHAMPION VOLLEYBALL TEAM DESERVES TO HAVE A WONDERFUL LOCKER ROOM.

SO WE'RE SO EXCITED ABOUT THAT, RIGHT. THE NEXT DONATION PRESIDENT BRYAN AND TRUSTEES IS THE DURHAM INTERMEDIATE SCHOOL PTO.

AND THAT IS A VERY KIND, GENEROUS DONATION OF $6,000 FOR BUSSES FOR FIELD TRIPS.

THE NEXT DONATION IS FROM THE ROCKENBAUGH ELEMENTARY SCHOOL PTO OF $5,575.

AND THEN WE HAVE A DONATION FROM THE NTN PARENT CLUB.

THIS IS A VERY GENEROUS DONATION OF $45,000, PURPOSE OF WHICH IS FUNDING TOWARDS THE PURCHASE OF A NEW SCOREBOARD AT OUR AQUATIC CENTER. AND I KNOW ALL OF OUR SWIMMERS AND PARENTS WILL LOVE THAT.

SO AGAIN, THANK YOU TO THE MANY PEOPLE WHO MADE THOSE DONATIONS POSSIBLE.

ABSOLUTE THANK YOU. TRUSTEE YEAGER. I MOVE TO APPROVE THE CONSENT AGENDA AS PRESENTED.

SECOND. OKAY. MOTION IN A SECOND. ALL IN FAVOR? MOTION CARRIES 6 TO 0. IF NO OBJECTION, WE'LL ADJOURN THIS MEETING AT 7:01 P.M..

THANK YOU BOARD.

* This transcript was compiled from uncorrected Closed Captioning.