[00:00:01]
THE HOUSE.SO TONIGHT WE WANT TO KIND OF GIVE EVERYONE AN OVERVIEW OF OUR BUTTON PROCESS AND ROLES AND RESPONSIBILITIES, BUT YOU TELL OF THE THINGS THAT ARE, YOU KNOW, OUR PRIORITIES OF WHAT WE'RE INVESTIGATED AND, UH, SEAN AND HER TEAM WILL LEAD US THROUGH THAT.
AND THEN I'M GOING TO START IT OUT BY KICKING IT BACK.
WHAT THE COMMITTEE ROLES AND RESPONSIBILITIES.
IS THAT SHE DID HERE? NO, I THOUGHT YOU WERE GOING TO GIVE THEM AN OVERVIEW OF KIND OF WHAT YOUR EXPECTATIONS.
I DIDN'T, IF THERE WAS SOMETHING THAT RIGHT HERE, I WAS GOING TO TALK DIRECTLY TO IT.
SO BASICALLY WHAT WE DO WITH THE BUDGET COMMITTEE IS TRYING TO GET INPUT FROM EVERYONE.
BUT THIS SESSION TODAY IS TRULY ABOUT JUST KIND OF LEARNING ABOUT THE BUDGET AND KNOWING WHAT THAT PROCESS IS.
I THINK UNFAIR TO MANY OF YOU SERVE AT THIS PAST SUMMER, YOU HAD THAT ONE MEETING AND THEN THE BUDGET WAS PASSED.
I DON'T THINK THAT'S AN APPROPRIATE THING TO BE DOING A ROLE RESPONSIBILITY, A BUDGET COMMITTEES THAT YOU REVIEW THROUGHOUT THE PROCESS ONCE AT LEAST ONCE A QUARTER.
UM, WE HAVE WE'LL HAVE THOSE, THAT CALENDAR SET UP FOR YOU TO BE, TO BE ABLE TO DO THAT AND KNOW THAT AS COMMUNITY MEMBER, IT IS AN ADVISORY ROLE.
UM, IF SOMEBODY SAID, YOU KNOW, SOMETIMES, YOU KNOW, EVERYBODY WANTS ALL OF IT, BUT WE CAN'T DO IT ALL.
SO THE THING IS REALLY OUR BOARD HAS THAT ULTIMATE DECISION AS TO WHAT THEY PASS.
WE MAKE SURE THAT WE ARE, UM, WITH OUR FIDUCIARY RESPONSIBILITIES AS ADMINISTRATORS IN THE DISTRICT, THAT WE PREPARE A BUDGET THAT IS ONE BALANCE AND TWO SERVES THE NEEDS OF OUR STUDENTS, UM, IN OUR DISTRICT AS WELL.
UM, BUT YOU ALL KNOW, UH, IN SERVING OUR STUDENTS, MOST OF THAT IS PEEP.
SO WHEN YOU LOOK AT OUR BUDGET, YOU WILL KNOW AT LEAST ABOUT 80% OR MORE IS USUALLY PERSPECTIVE.
AND THAT'S MAINLY OUR TEACHERS AND OUR STAFF.
WE'VE GOT ABOUT JUST UNDER A THOUSAND, UM, STAFF MEMBERS.
UM, THAT'S, THAT'S BOTH LICENSED AND, UH, SUPPORT STAFF THROUGHOUT THE DISTRICT.
UM, AND 444 OF THOSE ARE INSTRUCTIONAL AS TEACHERS.
SO KNOW THAT THERE'S, UM, INSIGHT.
AND WE ASKED THAT PART OF YOUR ROLE AS A BUDGET COMMITTEE MEMBER IS IF THERE ARE COMMUNITY QUESTIONS THAT YOU'RE ABLE, YOU'RE GIVING THIS INFORMATION TO, SO THAT YOU'RE BETTER ABLE TO ANSWER OR PERHAPS, UM, BUT IF YOU'D LIKE FOR US TO COME AND DO SOMETHING IN YOUR COMMUNITY WITH THAT HAPPY TO DO THAT THROUGHOUT THE BUDGET PROCESS.
UM, AND WITH THAT, SHAUNA, I KNOW YOU'RE, YOU GOT A WHOLE PRESENTATION FOR EVERYONE, WHICH ONE YOU WANT TO START WITH? OH, WELL KIND OF GOING IN ORDER ON THE AGENDA.
SO NEXT, UM, I WAS GOING TO GIVE THE AUDIT.
SO RIGHT NOW OUR EXTERNAL FINANCIAL AUDITORS, WHITLEY AND PENN ARE ONSITE CONDUCTING A FINAL FIELD WORK.
THEY ARRIVED ON MONDAY, UH, TO FINISH UP THE INTERIM WORK THAT THEY STARTED BACK IN THE SUMMER.
SO, UM, RIGHT NOW I KNOW THERE HAD BEEN SOME, UH, REQUESTS BEFORE FOR KIND OF A BUDGET TO ACTUAL OR WHATNOT.
WE'RE STILL IN THE MIDDLE OF THE AUDITS, SO THAT WON'T BE FINALIZED REALLY UNTIL JANUARY, BUT I JUST WANTED TO GIVE, UM, A PROJECTED UNAUDITED FROM WHAT I CAN SEE FROM MY VANTAGE POINT CURRENTLY.
UH, AND JUST KIND OF GO OVER SOME OF THE REFLECTIONS AS WE LOOK BACK ON F F Y 21 IN THOSE NUMBERS, UM, YOU KNOW, ARE AUDITED AND EVALUATED.
JUST WANT TO REMIND EVERYONE THAT LAST YEAR, UH, WASN'T ANOMALY.
WE HAD OUR BACK TO SCHOOL DELAYED FROM AUGUST UNTIL SEPTEMBER.
WE HAD LESS THAN A 25% OF OUR STUDENTS TO ATTEND FACE-TO-FACE INSTRUCTION.
UM, WE HAD SUPERINTENDENT AND DEPUTY SUPERINTENDENT RESIGNATIONS AND TRANSITIONS.
UM, WE CURRENTLY STILL ARE AWAITING, UH, THE RULING FROM THE TEXAS EDUCATION AGENCY COMMISSIONER, NO, ON THE WHOLE ISSUE WITH, UH, FORMER SUPERINTENDENT CONTRACT BUYOUT.
SO THERE STILL COULD BE SOME CONTINGENT LIABILITY THERE, DEPENDING ON WHAT THAT RULING IS.
UM, I'VE BEEN KIND OF KEEPING IT UP WITH, UH, OUR ATTORNEY AND SHE'S TELLING ME A COUPLE OF TIMES IT'D BE COMING DOWN.
IT SHOULD BE HERE IN A FEW WEEKS.
UM, AND SO TWO DATES HAVE COME AND GONE.
SO WE'RE STILL AWAITING A RESOLUTION ON THAT.
UH, WHATEVER THAT HAPPENS TO BE, UM, AS LONG AS THE BOOKS ARE STILL OPEN.
AND IF THERE IS ANYTHING WE WOULD GO BACK AND BOOK THAT, UM, IN THE LAST FISCAL YEAR, UM, AS YOU'RE AWARE OF CURRENTLY, DO YOU HAVE VACANCIES? AND WE HAD MULTIPLE CAMPUS AND DEPARTMENTAL POSITION VACANCIES LAST YEAR.
I KNOW, UM, WE STARTED THE SCHOOL YEAR, THIS YEAR WITH A NOTE AT LEAST 30 PLUS TEACHER VACANCIES.
AND WE ALSO HAD A MULTITUDE OF VACANCIES IN OUR CUSTODIAL AND MAINTENANCE AREAS.
UM, AND THEN, UM, FROM A BUDGETED EXPENDITURE STANDPOINT FROM LAST YEAR, UM, WE LEFT AT LEAST, UM, $5 MILLION.
[00:05:01]
SO THAT'LL, UM, ANTICIPATED TO GO, UH, INTO FUND BALANCE ACTUALLY MORE THAN THAT, BUT FROM A BUDGETED EXPENDITURE STANDPOINT, UH, THERE WAS FIVE, AT LEAST $5 MILLION THAT WAS NOT SPENT.AND SO, UM, UNDERNEATH THERE, THERE'S KIND OF A BUDGET TO ACTUALS, UH, FOR THIS LAST FISCAL YEAR.
LIKE I SAID, IT'S AN AUDIT THAT'S REFLECTED IN THE SLIDE.
UM, AND IT IS A CONFIDENTIAL SLIDE, SO, AND IT'S A DRAFT.
SO IF YOU'D NOT CIRCULATE THAT THAT WOULD BE GREATLY APPRECIATED.
AS I SAID, THE AUDIT WON'T BE FINALIZED UNTIL JANUARY, BUT I DID WANT TO GO AHEAD AND GIVE, UM, THE BOARD KIND OF A PRELIMINARY OR THE COMMITTEE RATHER PRELIMINARY REVIEW OF WHAT THAT'S LOOKING LIKE.
SO, UM, IF YOU HAD A FEW SECONDS AND YOU WANTED TO LOOK AT THAT OR, YOU KNOW, MULL OVER IT, ONCE YOU GOT HOME, BUT AS I MENTIONED, WE HAD BUDGETED, UM, 71.6 MILLION IN EXPENDITURES.
AND RIGHT NOW THEY'RE ONLY COMING IN AT 66 MILLION.
SO THERE'S AT LEAST 5 MILLION THERE.
AND THEN WE HIT ADDITIONAL REVENUES OF 2.2 TO COME IN AND WE HAD STARTED OUT ORIGINALLY BUDGETING ALMOST 3 MILLION TO GO INTO FUND BALANCE.
WE HAD ORIGINALLY BUDGETED FOR 2.8 TO GO INTO FUND BALANCE.
AND SO IF THE EXPENDITURES WERE 5 MILLION UNDER, AND THEN WE HAD SOME ADDITIONAL REVENUES THERE, SEAN, I THINK YOU CAN HAVE THEM RIP THAT PAGE OUT PRESENTATION HIGHWAY.
SO, UM, JUST WANTING TO GIVE THE BOARD THAT UPDATE ON THAT, UH, THE NEXT, UH, THING I WANTED TO HIGHLIGHT IS OUR INVESTMENT POLICY ANNUAL REVIEW THAT WILL BE COMING UP TO THE BOARD, UM, A RESOLUTION IN JANUARY AND BASICALLY WHAT THAT IS, IS JUST REAFFIRMING THE DISTRICT'S INVESTMENT POLICY.
UH, NORMALLY THE POLICIES ARE PRESENTED WITH HR AND WITH THE TAZ BE UPDATES AND, UH, JUST FOR MY OWN, I'M ANAL LIKE THAT.
I WANT TO MAKE SURE THAT THIS IS REVIEWED EVERY YEAR.
SO I'VE STARTED, I'VE TAKEN THESE INDIVIDUALLY SO THAT I HAVE CONFIRMATION ON THE DATE AND THE RESOLUTION OF WHEN THE BOARD DID REVIEW THE INVESTMENT POLICY.
LIKE I SAID, THOSE UPDATES ARE PRETTY MUCH DONE BY TSP AND THEY'RE PART OF A CDA, LOCAL AND CDA LEGAL.
AND FOR THOSE OF YOU THAT AREN'T FAMILIAR, THE LEGAL POLICIES TYPICALLY COME FROM TAZ B AND THEN THE LOCAL WILL BE ANY KIND OF MODIFICATIONS THAT THE INDIVIDUAL DISTRICTS MAY EXPAND OR REDUCE AS FAR AS IT REFERS TO THE, UM, THE LEGAL POLICIES, BUT ON THE INVESTMENT POLICY, LIKE I SAID, AS, UM, NO, PER THESE BOARD POLICIES, THEY ARE REQUIRED TO BE REVIEWED EVERY YEAR.
UM, WE TYPICALLY DO NOT HAVE ANY UPDATES, BUT THEY JUST KIND OF, UM, OUTLINES THAT WHO THE INVESTMENT OFFICERS ARE FOR THE DISTRICT.
HE CAN ADVANCE THE SLIDE, WHO THE DESIGNATED INVESTMENT OFFICERS ARE.
UM, WE'RE REQUIRED TO HAVE, UH, TRAINING AT LEAST ONCE EVERY TWO YEARS.
AND SO WE'LL BE GETTING THAT INFORMATION TO DR.
CAREER IF SHE WANTS TO ATTEND OR NOT.
CURRENTLY THE DESIGNATED INVESTMENT OFFICERS ARE MYSELF AND, UH, DANA MOSELEY.
AND SO WE ARE THE TWO DESIGNATED INVESTMENT OFFICERS, UM, FOR THE DISTRICT.
AND I'VE ALSO INCLUDED IN YOUR PACKET, UM, IN A SEPARATE SOME, UH, INVESTMENT INFORMATION CURRENTLY, ALL OF THE DISTRICT'S MONEY IS INVESTED IN TEXT POOLS.
IT'S NOT IN THE STRIPE I DID FOR YOUR READING, FOR YOUR READING, UH, PLEASURE AT A LATER DATE, IF YOU WANT TO GO THROUGH, WE'RE PRETTY MUCH AS THE WHOLE, THE DISTRICT WE HAVE BEEN, UH, FAIRLY CONSERVATIVE.
WE'VE JUST GOTTEN TO A POINT WHERE WE HAVE, UM, YOU KNOW, THE THREE MONTHS RESERVES.
AND LIKE I SAID, WITH THE ANTICIPATED EXTRA, UM, MONEY GOING INTO THE FUND BALANCE FOR FYI 21, WE WILL BE LOOKING TO, UM, SECURE SOME INVESTMENT ADVISORS, UH, FROM THE ALREADY, UH, PRE-APPROVED LIST FROM THE GOVERNMENT, SOME DIFFERENT INVESTMENT ADVISORS, UM, SO THAT THE EXCESS CASH, IF THE BOARD WISHES, UM, CAN BE INVESTED IN SOME OTHER ITEMS OUTSIDE OF THE POOLS.
SO, UM, NO OF MONEY MARKET ACCOUNTS AND DIFFERENT THINGS LIKE THAT, THEY MAY EARN A BETTER RATE OF RETURN, UH, FOR THE DISTRICT BECAUSE I'M ANTICIPATING, UM, AT THE END OF THIS YEAR THAT WE WILL HAVE, UM, OVER 50% OPERATING IN FUND BALANCE.
SO WE WERE A LITTLE
UH, WE JUST REACHED THREE MONTHS LAST YEAR.
AND SO WE SHOULD GET UP CLOSE TO SIX MONTHS WHEN IT'S ALL SAID AND DONE, THAT'S WHAT I'M PROJECTING.
LIKE I SAID, WE'RE STILL IN THE MIDDLE OF AN AUDIT.
[00:10:01]
AT THAT, WE SHOULD, UM, AND THAT'S, THAT'S WHAT, YES, THAT'S WHAT THEY RECOMMEND IS NOT, WE DON'T HAVE THAT SET IN BOARD POLICY, ANYTHING ANYWHERE, BUT THAT'S THE RECOMMENDATION I DID, UM, HAVING YOUR PACKET AS WELL, IF YOU WANTED TO REVIEW LATER THE FUND BALANCES FOR THE DISTRICT OVER THE LAST FIVE YEARS.SO YOU CAN KIND OF TAKE A LOOK AT THAT AND SEE WHERE WE ARE.
UM, AT THE END OF LAST YEAR, WE HAD THE FUND BALANCE OF 25.6.
AND SO, UM, 22.2, THAT WAS UNRESTRICTED.
AND WHAT THAT MEANS IS IT'S AVAILABLE TO BE SPENT OR UTILIZED AT THE DISTRICT.
IT'S NOT SET ASIDE FOR DEAD OR, UM, ANY OTHER OBLIGATIONS IT'S NOT RESTRICTED, UH, YOU KNOW, FOR THE DISTRICT.
AND SO I'M ANTICIPATING THAT NUMBER TO GO UP, UH, THE 36 MILLION OR SO POSSIBLY, UM, YOU KNOW, BY THE END.
SO WE WILL BE IN VERY, VERY GOOD SHAPE FROM A CASH STANDPOINT.
AND SO I JUST WANTED TO HIGHLIGHT THAT.
AND LIKE I SAID, THESE THREE PAGES FROM AN INVESTMENT STANDPOINT OUTLINES, UH, FOR EACH OF THE FUNDS, WE'VE PRETTY CONSERVATIVE LOOKING TO MAINTAIN PRINCIPAL HAD NOT BEEN RISKY AT ALL.
EVERYTHING'S IN A, UM, A POOL.
UH, THESE ARE THE APPROVED NINE INVESTMENT INSTRUMENTS AVAILABLE TO THE DISTRICT.
LIKE I SAID, WE'VE BEEN UTILIZING NUMBER NINE.
AND SO, UM, WE'LL BE IN THE PROCESS IN JANUARY, WE'RE BRINGING FORTH TO THE BOARD, THE PRE APPROVED LIST OF SECURITIES BROKERS AND WHATNOT TO HAVE THEM BE APPROVED AND AVAILABLE, SHOULD THE DISTRICT DECIDE THEY WANT TO, UH, TO BE INTER OUT INTO SOME OF THE OTHER INVESTMENT VEHICLES.
UM, AND JUST TO REMIND ME OF THOSE PRESENT, YOU GO BACK TO THE FUND BALANCE AND, UH, INFORMATION.
UM, I WANTED TO NOTE THAT IN THE LAST COUPLE OF YEARS, IN ORDER TO LOWER THAT TAX RATE, UH, WE HAVE DIPPED INTO THAT BOND BALANCE.
AND SO I WANTED EVERYONE TO BE AWARE THAT, UM, THAT I'M NOT QUITE COMFORTABLE WITH DOING THOSE THINGS BECAUSE USUALLY THE FUND BALANCES IN CASE WE DON'T SOME DISASTER OR SOMETHING LIKE THAT HAPPENS, WELL, YOU NEED THOSE DOLLARS.
UM, AND SO WHEN WE STARTED DIPPING INTO THOSE, YOU, YOU PLAY WITH MONEY, YOU NEED EVEN WHAT YOU MAY OR MAY NEED.
UM, SO I JUST WANTED TO MAKE SURE THAT EVERYONE'S AWARE THAT IN ORDER TO LOWER THAT TAX RATE FOR THE LAST COUPLE OF YEARS, WE HAVE THAT BALANCE TO OFFSET THAT YOU CONTINUE, OR THAT WAS THE HIGHLIGHT.
SO, YEAH, AND THAT'S, LIKE I SAID, THAT'S CURRENTLY WHAT WE'RE INVESTED IN THE LONE STAR AND TECHS POOL, INVESTMENT POOLS, AND LONESTARS, UM, MANAGED BY TASK.
AND SO THAT'S WHERE THE MAJORITY OF OUR MONEY IS RIGHT NOW.
SO WE'LL BE BRINGING THIS FOR, TO THE FULL BOARD, UM, ON THE JANUARY AGENDA TO HAVE THEM APPROVE THE RESOLUTION FOR THE INVESTMENT POLICY AND BASICALLY STAYED.
THERE WILL BE, UM, WE'RE NOT CHANGING THE POLICY IN ANY WAY.
AND THEN WE'LL, UM, REQUEST, UH, OR PRESENT TO THE BOARD, THOSE APPROVED, UM, SECURITIES ADVISORS, YOU KNOW, THAT THE DISTRICT CAN CHOOSE FROM IF THEY WERE TO, UM, WANT TO MOVE FORWARD.
LIKE I SAID, WITH ANY ADDITIONAL INVESTMENTS, UH, NEXT HERE, UH, WHAT WE'RE HERE FOR IS THE BUDGET COMMITTEE TO KIND OF OUTLINE THE CALENDAR, UM, FOR THE BALANCE OF THE YEAR, THIS FISCAL YEAR, AS FAR AS PREPARING, UH, FOR THE NEXT YEAR'S BUDGET.
AND HERE I WANTED TO HIGHLIGHT THAT THE ANNUAL OPERATING BUDGET IS, YOU KNOW, MANDATED IN BOARD POLICY, THE BASIC OUTLINE, YOU KNOW, WHEN IT NEEDS TO HAPPEN AND, UM, YOU KNOW, THE VARIOUS MEETINGS AND THINGS OF THAT NATURE.
SO WE'VE INCLUDED IN YOUR, UH, FOLDER COPIES OF BOARD POLICY, CE LOCAL AND CE LEGAL.
AND SO, UH, ONCE AGAIN AT YOUR CONVENIENCE, YOU CAN, UH, GO THROUGH THOSE DOCUMENTS AND REVIEW, UM, YOU KNOW, WHAT IS IN THERE, BUT LIKE I SAID, THAT PRETTY MUCH OUTLINES, UH, WHAT THE FISCAL YEAR IS, UM, THE BUDGET PLANNING WHEN THE MEETING, UH, THAT WE HAVE TO HAVE A MEETING IN THE OPEN MEETINGS, UM, GUIDELINES AND THINGS OF THAT NATURE.
SO ONCE AGAIN AT YOUR DISCRETION, UH, YOU CAN GO THROUGH AND READ THROUGH THOSE POLICIES, BUT I JUST WANTED TO KNOW THAT HERE.
SO YOU WOULD HAVE THAT, UH, FOR REFERENCE MATERIAL, UM, NEXT ALSO AS YOU, UH, REVIEW THE CALENDAR, UH, TAKE INTO CONSIDERATION, IT HAS BEEN BROUGHT THAT THE DISTRICT MAY PLAN TO TRANSITION FROM AN INCREMENTAL BUDGETING APPROACH TO A ZERO BASED BUDGET APPROACH
[00:15:01]
FOR FISCAL YEAR 2023.AND SO BASICALLY, YOU KNOW, THEY'LL HAVE KIND OF NOTED WHAT THAT ESSENTIALLY WOULD MEAN, UH, WHAT WE HAVE BEEN OPERATING UNDER IN THE PAST COUPLE OF YEARS THAT I'VE BEEN HERE IS IN A KIND OF AN INCREMENTAL BUDGETING APPROACH.
WE DID ATTEMPT A ONE YEAR TO DO ZERO BASE, BUT ENDED UP AT THE LAST MINUTE, JUST GOING BACK TO THE INCREMENTAL APPROACH WAS BASICALLY, UM, LET'S SET YOUR ACTUAL REVENUES AND EXPENDITURES FROM THE PRIOR YEAR OR AT BUDGET FROM THE PRIOR YEAR.
AND THAT BECOMES YOUR BASELINE FOR THE NEXT YEAR.
AND IF YOU HAVE ANY SPECIAL REQUESTS OR THINGS OF THAT NATURE, IT GETS ADDED, UH, TO THAT EXISTING BUDGET.
THE ZERO BASE WOULD BASICALLY GO TO ZERO AND YOU WOULD BUILD YOUR BUDGET, UH, FROM THE GROUND UP.
SO WE CAN LOOK TO DO SOMETHING LIKE THAT.
I DON'T KNOW THAT IT WOULD BE A PURE ZERO BASE BECAUSE AS SHE MENTIONED BEFORE, 85 TO 90% OF OUR BUDGET IS PAYROLL.
AND SO A LOT OF THAT IS NOT IN OUR INDIVIDUAL CAMPUS, OUR DEPARTMENTAL HANDS, UH, THAT'S AN HR FUNCTION, YOU KNOW, THEY WOULD NEED TO GO THROUGH THAT AND REVIEW THAT.
AND, UM, I GUESS COME BACK AND LET US KNOW WHAT'S LEFT OVER, OR TRULY, YOU KNOW, IF YOU'RE GOING FROM ZERO, THEN YOU WOULD BUILD IT AND SUBSTANTIATE, YOU KNOW, EVERY POSITION IN YOUR DEPARTMENT AND WHATNOT.
SO, UM, YOU KNOW, THAT, THAT HAS BEEN BROUGHT UP.
SO AS YOU CONSIDER THE TIMELINE, UM, I PUT ON HERE, THAT'S KIND OF THE APPROACH.
ZERO-BASED KIND OF KEEPS US AS A DISTRICT, UM, WHY I LIKED THE ZERO BASIS BECAUSE IT MAKES YOU REVIEW EVERYTHING AS OPPOSED TO JUST ROLLING EVERYTHING OVER AND GOING WITH THE FLOW.
AND AGAIN, POSITIONS, AS SHE SHARED ARE THINGS THAT WE, YOU KNOW, IT'S PER STUDENT, WE HAVE A QUOTA OF NUMBER OF STUDENTS IN CLASSROOMS AND WE'LL MAKE THAT THEY HAVE THOSE POSITIONS, HOWEVER, UM, ALL THE OTHER RESOURCES THAT WE USE, IT REALLY MAKES US REVIEW THOSE AND MAKE SURE THAT IT'S, UH, IT'S A GOOD RETURN ON OUR INVESTMENT IF YOU WILL.
UM, AND SO IT MAKES US LOOK AT WHAT WE'RE DOING, WHAT WE HAVE AND IF IT'S EFFECT THEY WERE NOT.
AND IF IT'S NOT, THEN WE NEED TO DO SOMETHING DIFFERENT OR REAPPROPRIATE, HE DOES DOLLAR SOMEWHERE ELSE.
UH, THIS IS KIND OF A TRAINING OVERVIEW THAT WE'VE KIND OF LOOK TO MODEL THESE SESSIONS, YOU KNOW, AND KIND OF BREAK IT UP IN SMALLER CHUNKS.
UH, BUT THE FIRST ITEM I USE DOWN HERE TONIGHT IS THE BUDGET DEVELOPMENT TIMELINE TO KIND OF GO THROUGH THAT AND MAKE SURE EVERYONE IS IN AGREEANCE ON THAT.
IF THERE NEEDS TO BE MORE TIME OR, YOU KNOW, HOWEVER WAY YOU WANT TO TWEAK THAT, I'M NOT SURE, YOU KNOW, YOU KNOW, THERE MAY BE A CONFERENCE AGAIN OR SOMETHING, AND LOOK, THE MEETING NEEDS TO BE ADJUSTED.
THAT WOULD BE SOMETHING, UM, YOU KNOW, YOU CAN TAKE BACK AND TAKE A LOOK AT, BUT THE BUDGET DEVELOPMENT TIMELINE, WE WILL COVER THAT TONIGHT.
AND THEN, UH, YOU KNOW, AS WE PROCEED AND, UH, YOU KNOW, TIME PERMITS, WE'LL GO AND DIVE INTO THE VARIOUS REVENUE SOURCES, UM, TAKE A LOOK AT ENROLLMENT, UM, YOU KNOW, AND THEN MOVE OVER INTO SALARIES AND BENEFITS, YOU KNOW, THE HR COMPENSATION AND HE, YOU KNOW, WOULD HAVE ANY INPUT THERE.
AND THEN ONCE AGAIN, JUST KIND OF GO THROUGH THE VARIOUS, UH, MAJOR OBJECTS OF THE BUDGET, WHICH, UM, LIKE I SAID, THE PAYROLL AND BENEFITS IS THE 85 TO 90% OF THE BUDGET.
THEN WE GET INTO CONTRACTED SERVICES, UH, SUPPLIES AND OPERATIONS, AND THEN, UH, CAPITAL OUTLAY ITEMS. AND THEN, YOU KNOW, IT LASTS, WE'LL GO OVER KIND OF THE MONITORING AND COMPLIANCE, UH, KIND OF WALK THROUGH SOME OF THE REPORTS AND THINGS, UH, FINANCIAL REPORTS THAT ARE PRESENTED AT THE BOARD MEETINGS.
SO IF THERE'S ADDITIONAL INFORMATION OR ANY TWEAKS OR THINGS OF THAT NATURE THAT CAN BE ADDRESSED AND WE CAN GET THE INFORMATION INTO WHATEVER FORMAT, UH, THAT YOU ALL DESIRE TO ASSIST IN, UH, MAKING THOSE DECISIONS.
SO, UM, THE PROPOSED TIMELINE, THAT'S THE LAST THING.
SO WE HAVE THAT IN OUR PACKET AND I'VE KIND OF OUTLINED AND GONE OVER THAT WITH CABINET BRIEFLY, AT LEAST, UH, UPCOMING.
SO WE'RE HERE ON THE 17TH AT THIS BUDGET COMMITTEE MEETING.
UM, WE'VE TALKED ABOUT THE ITEMS THERE FOR Q1.
UM, SO I'M PROPOSING THAT WE MEET BACK UP AGAIN, UH, IN JANUARY, I'M ASSUMING BETWEEN THEN, UM, BETWEEN NOW AND THEN THE BOARD FULL BOARD WILL HAVE COMMUNICATED AND CONVERSE WITH THE SUPERINTENDENT AND SHE, WITH HER, UH, CABINET AND STAFF TO GIVE US KIND OF WHAT THE DISTRICT, UH, PRIORITIES AND THINGS ARE FOR THE NEXT SCHOOL YEAR.
I KNOW IN THE PAST, WHEN I FIRST CAME, THERE WAS LIKE A SURVEY SENT THAT WOULD GET LIKE LESS THAN 10 RESPONSES.
SO, UM, AND THEN IT BECAME, YOU KNOW, THE BOARD, YOU KNOW, WOULD GIVE THE SUPERINTENDENT WHATEVER THEIR PRIORITIES ARE, YOU KNOW, IT'S, THEY WANT TO SEE, UH, MORE NURSES OR PSYCHOLOGISTS OR THE BAND NEEDS THINGS, WHATEVER THOSE, UM, YOU KNOW, FOR YOUR PARTICULAR CONSTITUENTS OR WHAT YOU WOULD LIKE
[00:20:01]
TO SEE, UM, YOU ALL WOULD GET WITH THE SUPERINTENDENT AND, UM, COME BACK AND BASICALLY GIVE US THOSE PRIORITIES.AND THOSE WOULD BE THINGS THAT WE WOULD MAKE SURE, UM, YOU KNOW, GET CAPTURED IN THE BUDGET.
UM, YOU KNOW, AS THEY ROLL OFF FROM THE IMPROVEMENT PLANS, ALL OF THOSE TYPE OF THINGS.
UH, SO THAT WOULD NEED TO HAPPEN IN JANUARY, YOU KNOW, TO MOVE FORWARD WITH THE TIMELINE.
UM, YOU KNOW, EACH CABINET MEETING, WE HAVE, YOU KNOW, A PARTICULAR TOPIC, YOU KNOW, WOULD GET ADDRESSED.
I KNOW WE HAVE, OR TRY TO ATTEMPT TODAY TO KIND OF GO OVER SOME JOB DESCRIPTIONS AND THINGS OF THAT NATURE, BUT AS IT GETS GOING, WE'RE LOOKING TO HAVE, UM, YOU KNOW, DEPARTMENT HEADS EVALUATE EXISTING PROGRAMS, YOU KNOW, DETERMINE, YOU KNOW, WHAT IS MOVING FORWARD, WHAT NEEDS TO BE DISCONTINUED OR ENHANCED THINGS OF THAT NATURE.
UH, WE'LL LOOK AT SOME OF THE CAMPUS AND DEPARTMENTAL GOALS FOR 2122.
HOW ARE THEY COMING ALONG? BECAUSE THIS WOULD BE MID YEAR.
SO THERE'S ANY, UH, BUDGET ADJUSTMENTS AND THINGS THAT NEED TO BE MADE ON THE EXISTING BUDGET.
WE CAN KIND OF TALK ABOUT THOSE THAT THERE'S PHONES THAT NEED TO BE SHIFTED TO OTHER AREAS AND THINGS OF THAT NATURE, UH, THAT LEADS INTO THE NEXT REVIEW IN THE CURRENT YEAR BUDGET AND EXPENDITURES IS ONCE AGAIN, IF WE'RE GOING FROM ZERO BASE, THEN WE NEED TO BE TALKING ABOUT WHAT'S WORKING AND WHAT'S NOT, UH, AS WE LOOK TO MOVE FORWARD ON THAT, UM, WE WILL HAVE THE PAIN'S DATA, UM, REVIEW THAT I WAS ON THE SUPERINTENDENTS CALL.
IT LOOKS LIKE THEY'RE PUSHING SOME OF THOSE, UM, SUBMISSION DATES, BUT, UH, WE ARE LOOKING TO, UH, HAVE A GOOD CLEAN LOOK AT THAT, UH, FOR THE JANUARY SUBMISSION, UH, ONCE AGAIN, KIND OF IDENTIFY SOME OF THE POTENTIAL CHALLENGES TO THE DISTRICT, UM, AS IT RELATES TO THE BUDGET.
YOU KNOW, IF THERE ARE ANY ONCE AGAIN, UH, MAKE THOSE ADJUSTMENTS AND THEN TALK ABOUT DIFFERENT INITIATIVES, UM, TO EITHER BE FUNDED OR UNFUNDED IN 2223, I KNOW THE TEACHER INCENTIVE ALLOTMENT WILL BE, UM, YOU KNOW, FINALLY KICKING OFF, WE'LL BE LOOKING TO BRING BACK THE TAP PROGRAM, WHICH WAS THE INCENTIVE PAYOUT PROGRAM.
UM, THAT'LL COVER TEACHERS THAT AREN'T PART OF THE TEACHER INCENTIVE ALLOTMENT AND A NON-INSTRUCTIONAL STAFF, AND THAT HASN'T BEEN IN THE BUDGET FOR THE LAST TWO YEARS.
SO THOSE WILL BE, UM, SOME THINGS, YOU KNOW, TO KIND OF CONSIDER AS WELL AS, YOU KNOW, ONGOING MAINTENANCE AND REPAIR, UH, ISSUES IN THE DISTRICT THAT WOULD NEED TO BE ADDRESSED.
UM, IN JANUARY AT THE 25TH MEETING WOULD BE, WOULD BE WHEN THE FINAL, UH, ANNUAL AUDIT REPORT WILL BE PRESENTED TO THE BOARD, UH, FOR THE AUGUST 31ST, 20, 21 SCHOOL YEAR.
SO THE YEAR CURRENTLY UNDER AUDIT, THAT FINAL REPORT WOULD BE PRESENTED TO THE BOARD, UM, AT THAT JANUARY BOARD MEETING SO THAT HE CAN GET SUBMITTED, UH, TO TEA BY THE JANUARY 28TH DEADLINE.
SO THAT'S, WHAT'S COMING UP IN JANUARY IN FEBRUARY, YOU KNOW, STILL WHITTLING DOWN THOSE ITEMS WITH THE BOARD AND, UH, DISTRICT STAFF ALSO IN JANUARY.
I JUST WANT TO KNOW THAT THAT'S WHEN THAT STATE CONTROL OR CERTIFIED, UH, PROPERTY VALUES WILL COME OUT.
SO THOSE, UM, WE'LL SEE HOW GOOD OR BAD YOUR ESTIMATES WERE.
AND THERE MAY NEED TO BE SOME ADJUSTMENTS AT THAT TIME.
UM, AS WELL AS IN FEBRUARY, WE COULD LOOK TO, UH, START MEETING WITH CAMPUSES AND DEPARTMENTS TO, UM, DISTRIBUTE THE WORKBOOKS OR THE TEMPLATES THAT THEY WOULD USE TO, UM, YOU KNOW, POPULATE THROUGH THEIR BUDGET REQUESTS AND WE'LL DO ANY TRAINING THAT IS NEEDED.
UH, AND ONCE AGAIN, JUST KEEP GOING THROUGH THE TOPICS.
SO THOSE ARE THE Q1 AND OBJECTIVES WITH THOSE DATES.
AND THEN IT GOES ON TO KEEP THE RE UM, YOU KNOW, THE REGULAR BOARD MEETINGS STILL DOING, UH, WORKSHOPS, AND WE'LL BE GETTING IN APRIL THE PRELIMINARY PROPERTY VALUES.
SO YOU WILL HAVE GONE AHEAD AND BE PREPARING YOUR BUDGET.
WE WON'T HAVE ANY PROPERTY TAX INFORMATION, UH, UNTIL APRIL, THAT WOULD BE WHEN THE PRELIMINARY, UM, VALUES WOULD COME OUT.
AND THEN, UH, WE CAN LOOK AT WORKING UP AS RAFT WITH THE FINAL PROPERTY VALUES, NOT COMING OUT UNTIL TYPICALLY LIKE THE FOURTH WEEK OF JULY, UH, PRIOR TO, UM, THE AUGUST, UH, BUDGET ADOPTION.
SO ALL THROUGHOUT THAT SUMMER, YOU KNOW, IF THERE'S ANY OTHER DATES OR DIFFERENT THINGS THE COMMITTEE WOULD LIKE TO INTERJECT, OR IF YOU FEEL YOU NEED ADDITIONAL SESSIONS OR DATES, I KNOW YOU WON'T HESITATE TO REQUEST THAT, BUT, UM, THAT'S KINDA WHAT THE TIMELINE THAT I'M PRESENTING.
SO I'LL OPEN IT UP TO OTHER COMMITTEE MEMBERS OR, YOU KNOW, THAT CAREER FOR ANY QUESTIONS OR FEEDBACK OR THINGS OF THAT NATURE, EVEN
[00:25:01]
BOSS THE DAY, IF THIS PROPOSED, WHY DON'T WE KEEP THE RECEIPT? IT'S HARD TO COME IN HERE AND JUST ALL THIS LITTLE TO MAKE SOME COMMENTS INSIDE OF IT.I MEAN, THERE'S A LOT OF NOMINALS NO, WE'RE ALL BUSINESS PEOPLE, BUT TO STAY AWAY FROM NUMBERS THIS TIME, EXCEPT ONE OF THEM SAYING, NO, YOU JUST CAN'T GO TO A MEETING, A BEDROOM.
I MEAN, IF YOU POSTED ON THE 14TH, YOU WOULD THINK THAT WE WOULD'VE HAD THIS, YOU LOOK AT IT, WE MAKE IT A DECISION LOOKING AT A MAN.
AND HE SAID, WELL, YOU GO HOME AND LOOK AT IT, THIS AND THAT.
BUT IF I HAD LOOKED AT THIS, WHEN I WAS AT HOME, I COULD HAVE MORE SENSE ABOUT WHAT I'M DOING AND WILL QUESTION, INSTEAD OF GIVING ME THIS AND TELL ME I CAN GO HOME AND LOOK AT IT AND READ THIS AND READ THAT WELL, THEN WHY DID I COME TO THE MEAT? I MEAN, EVERY MEAT I'M INVOLVED IN A LOT OF THINGS.
AND I HAVE, IF YOU GO INTO A BUDGET, YOU HAVE YOUR INFORMATION BEFORE YOU GO TO THE MEETING, THAT'S HOW YOU MAKE, YOU KNOW, SYSTEM WHAT YOU'RE DOING.
THEY CAN UNDERSTAND WHAT YOU'RE DOING, BECAUSE AS OF NOW, YOU PUT A LOT OF STUFF IN FRONT OF ME.
I DIDN'T HAVE ANY TYPE OF LOGIC AT ALL.
THAT WOULD BE JUST TOTALLY LOST.
AND YOU KNOW, IT IS UNFAIR TO THE WHOLE PROCESS IS TO BRING SOMEBODY IN AND SAY, WE'VE GOT THIS, THIS AND THAT, AND THIS ILLEGAL RUBBER STAMP, AND HE'D GO, THAT'S NOT THE WAY IT'S SUPPOSED TO WORK.
YOU'RE NOT GONNA UNDERSTAND THAT.
UM, SO NOTE IT, BUT KNOW THAT THIS IS NOT THE BLOOD.
WHAT ELSE? I KNOW WHAT I'M SAYING.
SO, I MEAN, UH, BASED ON THE CALENDAR, YOU KNOW, ONE OF THE THINGS THAT GO TO ZERO BASED, UH, WE HAVE APPROPRIATE EVALUATION OF ITEMS THAT LEGAL, THAT'S THE POINT OF THE ZERO BASIS.
WE'LL PROBABLY START WITH THE DEPARTMENT.
I'M GOING TO BE HONEST WITH YOU BECAUSE OF DOING THE ENTIRE DISTRICT WOULD BE A LITTLE MUCH RIGHT NOW WITH THE OTHER PIECES.
UM, BUT I REALLY WOULD LIKE TO START WITH SOME OF OUR INSTRUCTIONAL RESOURCES AND GO IN THAT MANNER.
TO ME, THAT'S THE MOST WHERE MOST OF OUR INVESTMENTS ARE, UM, IF YOU WILL, AND THAT'S WHAT WE SHOULD BE DOING ANYWAY.
I WAS LEANING, UH, WE'VE MET THE GOALS THAT WE ANTICIPATED AND WE'VE DONE SOME OF THAT, UM, TESTED JEALOUS PRIOR TO THE SCHOOL YEAR, STARTING, UM, AND HAVE ELIMINATED SOME THINGS BASED ON HISTORICAL DATA THAT WE'VE HAD, UM, AND EITHER RE APPROPRIATED THOSE AND JUST GOT RID OF ALL OF ALL AS, YOU KNOW, THE SUNSET IT'S.
UM, AND IT'S, UM, YOU'VE SEEN AT THE, AT THE BOARD MEETINGS CONTRACTING.
AND THEN THE OTHER QUESTIONS PERTAINING TO THE INVESTMENT, UH, PROVEN INVESTMENT INSTRUMENTS, ARE THERE ANY OF THESE NINE THAT YOU FEEL YOU MEET WITH? I WOULD NOT DO ANYTHING WITHOUT BRINGING IT TO THE BOARD, BUT I DO WANT TO GET THE LIST OF THE PROVIDERS APPROVED, AND THEN WE CAN MEET WITH EACH ONE, YOU KNOW, WHATEVER.
I DON'T KNOW THE RISK TOLERANCE, YOU KNOW, I WAS THINKING MORE LIKE A MONEY MARKET, YOU KNOW, BUT I'M NOT AN INVESTMENT BROKER.
UH, I'M BREAKING EVEN ON MY OWN, SO I DON'T HAVE ANY, UH, ADVICE THERE, BUT, UH, BASICALLY MY, UM, SINCE WE WILL HAVE THE EXCESS CASH THERE, I, I FELT LIKE IT WOULD BE WORTH LOOKING AT TO SEE, UM, YOU KNOW, IF THERE WERE ANY, UH, OPPORTUNITIES TO GET A BETTER RATE OF RETURN THAN JUST THE TYPICAL SITTING IN THE POOL.
AND SO THAT'S WHY I WOULD AT LEAST WANT THEM ON THE LIST.
AND THEN WE CAN, UH, MEET WITH EACH, YOU KNOW, GETS, DO ADDITIONAL RESEARCH AND PICK A GROUP AND THEN HAVE THEM DO THE PRESENTATION, YOU KNOW, SIMILAR TO WHAT WE DID WITH THE AUDITORS OR SOMETHING.
AND, YOU KNOW, BE ABLE TO ASK QUESTIONS.
UM, YOU KNOW, IF IT'S ONE OF THOSE ONES WHERE WE TURN IT OVER TO THEM, OR, YOU KNOW, WE'RE WATCHING IT AND CALL AND SAYING, HEY, MOVE THIS, MOVE THAT I, YOU KNOW, I WOULD HAVE TO GET MORE INFORMATION TO KIND OF SEE, BUT, UM, YOU KNOW, JUST TO BE READY, YOU KNOW, ONCE THE BOARD OR THE SUPERINTENDENT MADE THAT DECISION, THOSE VENDORS HAVE BETTER APPROVED ALREADY THERE.
AND THEN WE HAVE TIME TO GO THROUGH AND INVESTIGATE AND DETERMINE WHICH ONES.
I WOULD DEFINITELY RECOMMEND US DOING THAT.
YOU'RE MARKING A CERTAIN PERCENTAGE OF THE FUND BALANCE, CORRECT.
SO I MEAN INTO THE MARKET QUITE A BIT, WE DO HAVE FAIRLY FEW GOOD OPTIONS ON HERE THAT WE CAN DO AT SMITH.
[00:30:05]
YEAH, BUT THOSE OTHER QUESTIONS I HAVE, I HAVE A QUESTION BECAUSE I KIND OF WANTED TO, UH, I HEARD MENTIONED INVESTMENT IS AN INVESTMENT FOR OUR EMPLOYEES, OR IF IT, IS IT AN INVESTMENT FOR FUNDS THAT ARE COMING TO THE DISTRICT? CAUSE I DIDN'T, I DIDN'T THINK WE COULD INVEST THAT MONEY TO MAKE PROFIT OFF OF IT'S THE FUNDS FOR THE DISTRICT.SINCE WE'LL BE HAVING AN INCREASE IN FUND BALANCE, WE'LL BE BEYOND THE, UM, YOU KNOW, THE THREE MONTHS REQUIRED.
IT, IT LOOKS LIKE IT'D BE CLOSER TO SIX.
AND SO MY EARLY PRELIMINARY, SO I JUST DIDN'T WANT THE, YOU KNOW, THE CASH SITTING AROUND.
SO THEY HAVE GUIDELINES FOR THE INVESTMENT POLICIES, UH, DIFFERENT INSTRUMENTS THAT ARE ALREADY PRE-APPROVED THAT THE DISTRICT CAN UTILIZE.
THERE ARE NINE, WE CURRENTLY ONLY UTILIZING ONE.
AND SO THERE'S, UM, LACK OF PRE-APPROVED LIST OF SECURITIES, UH, DEALERS THAT THE DISTRICT CAN UTILIZE.
SO WHAT I WAS GOING TO DO WHEN WE, UH, WHEN I DO THE RESOLUTION FOR THE, UH, INVESTMENT POLICY IS TO BRING THAT LIST TO THE BOARD AND YOU ALL CAN APPROVE THOSE.
AND THEN IF YOU DECIDE TO MOVE FORWARD WITH ANY OF THE OTHER NINE, THEY CAN COME IN AND DO THEIR PRESENTATIONS, AND WE'D BE ABLE TO ASK QUESTIONS AND PICK WHOEVER, YOU KNOW, WE WOULD BE MOST COMFORTABLE WITH, IF YOU WANT IT TO BE DIVIDED UP AMONGST TWO OR THREE DIFFERENT BROKERAGES, OR LIKE HE SAID, COME UP WITH AN AMOUNT, YOU KNOW, THAT WE WOULD BE COMFORTABLE TO DIVERSIFY WITH.
SO COULD YOU GIVE ME THE COMMISSIONER'S AUTHORITY FOR THE DISTRICT TO DO THAT? I'M CONCERNED BECAUSE I KNEW, UH, THAT HAS BEEN IN A MAJOR ISSUE WITH THIS DISTRICT WAY IN THE PAST.
AND SO I WANT TO, YOU KNOW, LOOK AT THAT POLICY FOR INVESTING OVER OVERAGE IN FUNDS THAT WE HAVE.
AND SO THAT'S WHY I PUT IN HERE CDA LEGAL AND LOCAL.
I THOUGHT YOU DIDN'T, YOU DIDN'T GET THE, YEAH.
IT'S ON THE WEBSITE AS WELL THOUGH.
AND ONE OF THEM WAS LIKE 20 SOMETHING PAGES.
SO YOU'RE TALKING ABOUT THE, UH, THE BONE DOING NO NUMBER.
NO, MA'AM JUST THE, UH, LIKE RIGHT NOW WE HAVE THE, WHEN WE GET OUR PROPERTY TAX REVENUES, THEY GET DEPOSITED INTO THE LONG STAR, UH, POOL, AND THAT'S WHERE THEY SIT.
SO THIS WOULD BE THOSE FUNDS BEING ABLE TO, UM, INVEST A PORTION OF THOSE OUTSIDE OF THE POOL.
AND SO RIGHT NOW, AND I STUCK THAT IN THERE THERE'S NINE OF VEHICLES THAT ARE APPROVED BY TEA HERE.
AND SO THESE ARE THE IMPROVED INVESTMENT INSTRUMENTS THAT THE DISTRICT CAN UTILIZE MED SHOULD BE IN THERE.
AND SO CURRENTLY WE'RE USING NUMBER NINE, YOU HAVE EVERYTHING IN THE, UH, INVESTMENT POOLS THROUGH TSB.
AND SO THESE ARE THE APPROVED ONES.
AND SO I WAS LIKE, I WAS MENTIONING, I JUST HAD IN MIND, LIKE MAYBE A MONEY MARKET AND YOU TOOK, YOU KNOW, NOT ANYTHING TOO RISKY, BUT YOU KNOW, JUST TO HAVE THEM COME OUT AND DO THEIR PRESENTATIONS.
SO YOU CAN MAKE AN INFORMED DECISION, MAY SAY NO, LEAVE IT WHERE IT IS.
AND THAT'S FINE BECAUSE IF THEY MESS UP, WE LOSE MONEY ANYWAY.
I'M JUST DOING MY DUE DILIGENCE.
CAN I HAVE ONE MORE COURSE TO LOOK AT FIRST IS THE COMMUNITY BEING NOW MOST PEOPLES ARE THEY DON'T COMPLAIN ABOUT THE TOTAL BUDGET IS BAD, HIGHEST DISPERSE AT THE CAMPUS LEVEL, AND YOU TELL THEM A ZERO BASE.
YOU KNOW, WHEN IT COME TO HORNS OR TRACKS USE ARE, UH, BILINGUAL OR AFRICAN-AMERICAN STUDY OF THIS THAT, YOU KNOW, THE CAMP IS MOSTLY JUST ROLL OVER WHAT THEY BUDGET FROM ONE YEAR TO DO THE NEXT YEAR.
HOW HAS THAT FAIRLY DISTRIBUTED? THAT'S WHAT YOU ALWAYS GET WITH THE PARENTS.
THESE KIDS GET THIS, THESE GOOD THAT
[00:35:01]
IF A DEPARTMENT HAD BRING YOU A BUDGET, I GUESS MOST OF IT PROBABLY, I GUESS YOU WOULD SAY ATHLETIC NOW ATHLETICS MAY BE GOOD, BUT IT'S UP TO SOME PERSON, YOU KNOW, THE SOCIAL STUDIES, THE CHEMISTRY, THE HISTORY, AND MOST OF THAT IS, YOU KNOW, YOUR BOOKS AND YOUR IN YOUR EDUCATION.AND THEN IF YOU WENT ON A FIELD TRIP, YOU HAVE THESE PEOPLE CAN STAY IN THEIR HEAD REGION.
THESE PEOPLE AT THE STAY WITH PARENTS AND THINGS LIKE THAT.
THAT'S WHERE ALL OF YOUR, THIS, YOU KNOW, THE DIPLOMA IS EQUITY.
COME TO SCHOOL DISH ABOUT THE BUDGET WHO GET THIS HIGH TO SWIM IT.
AN ELEMENTARY SCHOOL, PRINCIPAL MAGNET HAVE A 2,500 TO SPEND FOR THE YEAR.
AND THEY ONLY CAN GO ON ONE FIELD TRIP, BUT YOU MIGHT TAKE THERE.
THIS ORGANIZATION MAY GO TO DIDN'T LAND AND THE FLORIDA.
HOW IS THAT? SO WHEN I, WHEN I CAN SHARE WITH YOU, AND I CAN'T REALLY ANSWER FOR MY PREDECESSORS AS TO HOW MY LOOK, WHAT I CAN TELL YOU GOING FORWARD IS WHAT WE LIKE TO LOOK AT.
THERE'S NOT, IT'S NOT, IT'S NOT JUST THE BEST WAY TO DEAL WITH BEING YOU THAT WHAT I UNDERSTAND AND I, BUT WHAT I UNDERSTAND IS HE WAS GETTING HER CHILD, THE NUMBER, THE DOLLARS FOR THE, FOR THE BUILDING.
BUT NOW THAT OUR INSTRUCTIONAL BUDGET IS OUR LARGEST, BUT WE HAVE, IT'S NOT ATHLETICS.
THAT'S NOT OUR LARGEST BUDGET AT ALL.
I MEAN, I, IT JUST FOR NO, DURING THINGS, I UNDERSTAND THE TEACHERS AT ALL, BUT I MEAN, LIKE YOU HAVE TO CATER TO YOUR SOCIAL STUDY OR BY LENDER OR YOUR, YOU KNOW, OTHER PROGRAM THAT YOU WOULD DO THINGS AND TAKE TRIPS AND STUFF LIKE THAT.
THAT'S WHERE IT COME DOWN TO YOU.
AND THAT COMES THROUGH, THAT WILL COME THROUGH INSTRUCTIONAL SERVICES AND WHAT WAS HAPPENING.
THIS IS WHAT WE'RE LOOKING AT AND TO DO IS TO SIT DOWN WITH EACH OF OUR PRINCIPALS AND GO THROUGH WHAT ARE THEIR PRIORITIES AND WHETHER THEY MEET.
UM, BUT WE ALSO LOOK AT A FACTOR OF WEIGHTED DOLLARS.
AND SO TRYING TO GET TO EARLIER IS THAT FAIR IS NOT NECESSARILY THE BEST WAY TO DO THAT, BECAUSE WHAT HAS BEEN FAIR HAS BEEN, YOU GIVE TO EVERY CHILD ON THE SAME ONE, EVERY, EVERY SCHOOL, THE SAME AMOUNT PER CHILD.
AND I THINK THAT YOU HAVE A STUDENT WHO IS ELL, WHERE YOU HAVE A STUDENT WHO HAS, UM, EXCEPTIONAL NEEDS.
THEY'RE GOING TO COST THAT SCHOOL A LITTLE BIT MORE THAN ANYONE ELSE.
SO WHY NOT DO THAT ON ADEQUATE? UM, AND SO DO YOU, WE ARE LOOKING TO DO A MORE EQUITABLE BUDGET DISTRIBUTION.
WILL IT BE PERFECT? I CAN TELL YOU RIGHT NOW.
BUT ALSO I WOULD EXPECT MY PRINCIPALS TO ADVOCATE FOR WHAT THEY NEED.
AND I HAVEN'T BEEN THROUGH THAT PROCESS WITH THEM, UM, AT ALL.
AND SO MY W W MICHELLE AND THIS BUDGET PROCESS, I WANT TO KNOW WHAT THEIR NEEDS ARE, WHAT ARE THEIR PRIORITIES? WE WILL TAKE CARE OF THE ADDED WEIGHT SITUATION.
THAT'S NOT THAT THAT'S A GIVEN, UM, BUT KNOW THAT IT'S NOT JUST DISTRICT DOLLARS THAT GO TO OUR CAMPUSES AS WELL.
A LOT OF THEM HAVE TITLE $1 AND OTHER GRANTS THAT THEY UTILIZE FOR SOME OF THOSE THINGS.
UM, AND, UM, AGAIN, THEY CAN RATIONALIZE WHAT THEY NEED FOR AND WHY THAT IS A GOOD INVESTMENT.
IF WE HAD THOSE DOLLARS, I HAVE NO PROBLEM WITH YUP.
SO THEY JUST PRESENT IT BUDGET.
THEY NOT PUT EACH CAMPUS SE A BUDGET TO YOU ON MOVING FROM, SAY A BUDGET TO THEIR DEPARTMENT LEADS FIRST, UH, LIKE INSTRUCTIONAL SERVICES.
I WANT TO KNOW, CAUSE I WANT THEM TO SCREAM THAT FIRST THAT HAD BEFORE.
AND YOU JUST COME TO ME WITH A WISHLIST BECAUSE THAT'S NOT WHAT I'M INTERESTED IN, LOOKING AT.
I'M LOOKING AT WHAT, WHAT ARE YOUR, WHAT ARE YOUR CAMPUS NEEDS TO IMPROVE UPON? WHAT ARE YOUR CAMPUS NEED? AND WHAT DID YOU HAVE SOME JUSTIFICATION FOR THOSE THINGS AS TO WHY YOU NEED IT? AND NOT JUST BECAUSE WE WANT TO GO ON THIS FIELD TRIP.
AND TO ME, THAT'S NOT, IT, IT HAS TO TIE TO THIS MORE DISTRICT GOALS RIGHT HERE AS PART OF THEIR YES, SIR, THAT IS OUR BREAD AND BUTTER.
YOU LOOK AT THE PERCENTAGES OF WHAT WE HAVE, BUT NOW THAT, THAT ALSO INCLUDES PEOPLE THAT'S KNOWN AS THE ANALYTIC.
AND HISTORICALLY NOT ONE CAMPUS THAT I CAN RECALL HAS SPENT ALL OF THEIR ALLOTTED FUNDS, BLACK AND BOUNCE FOR THAT.
CAUSE SHE SHARED THAT SHE SHOWED THAT.
SO HOW MUCH ARE WE SET ABOUT BART? IS THERE A RAIN THAT WE POSSIBLY GOT HOPE THAT WE SPEND AND TAKE A HIT? IF WE, IF TVA SAID LEAVE IT THERE LIKE A SETTLEMENT, UH, THERE WAS A $2 MILLION.
NOT ON, I CAN'T REALLY ESTIMATE, I GUESS.
I MEAN, THAT'S TAKEN A LONG TIME FOR, I MEAN, THE BOND TO ME GIVES ME MORE CONCERNED, BUT I DON'T KNOW WHAT, YOU KNOW, YOU CAN LOOK THAT LAW, BUT THEY'LL, YOU KNOW, FOR INSTANCE, IF THE COMPENSATION, THE ANNUAL COMPENSATION
[00:40:01]
OF, I BELIEVE WAS THREE 15 WITHOUT BENEFITS.AND SO ONCE THEY GET ALL OF IT, SO ANY KIND OF, UM, PAY OUT THAT WE DID ABOVE THAT AMOUNT, ONE YEAR SALARY AND BENEFITS, THEY WOULD DEDUCT THAT FROM OUR STATE AID, THE FOLLOWING YEAR.
SO WE WILL SEE A REDUCTION, YOU KNOW, THIS YEAR, WHENEVER THEY WOULD RULE ON THAT PARTICULAR SITUATIONS.
I JUST WANT TO MAKE SURE THAT THEY DON'T LIKE USING THIS AMOUNT OR THEY SAY, NO, WE'RE NOT DOING ANYTHING DONE.
I DON'T KNOW IF THEY SAY, OKAY, HEY, I, FOR ONE, I HAVE NO IDEA.
I'VE NEVER BEEN THROUGH THIS BEFORE.
SO FEDERAL REVENUE, YOU RECEIVE A HUNDRED PERCENT OF THAT TYPICALLY RECEIVE 100% OF IT.
LIKE WHAT TIME DURING THE YEAR, UH, THE SHORES REVENUE, UH, DEAL IS THE BIGGEST PIECE.
AND THAT'S USUALLY, I BELIEVE IN THE SPRING AND WE'LL GET THERE.
THAT'S THAT LAST PORTION IN MARCH, SOMEWHERE AROUND THAT.
AND I CAN SAY THIS NEVER
THAT'S HOW IT'S BEEN FOR THE FRONT OF BATTLE AND IN SOME CASES 40 AND THAT'S THIS YEAR, BUT YOU KNOW, WE'VE SWITCHED OVER TO THE NEW, THE MSB.
SO THE NEXT FISCAL YEAR, WE SHOULD SEE THE, ANY, A BENEFIT OF BEING, YOU KNOW, INCREASE REVENUE THAT THEY SAID WE WOULD GIVE THE STATE LOCAL AND STATE, UM, WE'RE ON A PAYMENT SCHEDULE WITH THE STATE.
SO THEY KIND OF BREAK UP THE PAYMENTS.
LIKE WE'LL GET, UH, THE PAYMENT OF BELIEVE IN NOVEMBER FROM THE STATE AID.
AND THEN WE WON'T GET ANOTHER ONE AGAIN UNTIL I BELIEVE IT'S EIGHT FOR ME.
WELL, THEY JUST HAD DIFFERENT DISTRICTS ON DIFFERENT PAYMENT PLANS AND THEIR EXPECTATION IS YOU'LL BE WORKING OFF OF YOUR PROPERTY TAX REVENUE BECAUSE IT, UH, BECOMES DUE ON JANUARY 31ST.
AND JUST SO YOU UNDERSTAND, NOW.