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GOOD AFTERNOON AND WELCOME TO THE SPECIAL MEETING OF THE BOARD OF TRUSTEES.

[00:00:03]

TUESDAY, NOVEMBER THE 14TH, 2023.

AND THIS IS A SPECIAL MEETING FOR US TO DISCUSS ONE ACTION ITEM.

I WILL CALL THIS MEETING TO ORDER CERTIFY THAT WE HAVE A QUORUM, AND THAT THE MEETING WAS DULY POSTED AS REQUIRED BY LAW.

DO WE HAVE ANY PUBLIC FORUM CARDS AT THIS TIME, MS. HOGAN?

[III. Superintendent's Message]

DO WE HAVE A MESSAGE AT THIS TIME? YES. I WANT TO THANK THE TRUSTEES FOR WORKING WITH US ON THIS MOVEMENT.

THIS IS GOING TO BE THE EXACT SAME REPORT THAT YOU HEARD.

THERE ARE NO THERE ARE NO CHANGES IN ORDER TO FOLLOW GUIDELINES TO HAVE THIS APPROVED BY THE BOARD, THIS AUDIT, IT HAS TO BE DONE BEFORE A CERTAIN DATE.

AND OUR NEXT BOARD MEETING DID NOT PERMIT THAT.

SO NOW THAT WE'VE HAD IT VETTED WITH YOU EARLIER, THERE'S NO CHANGES.

I WANT TO CONGRATULATE NOW, OFFICIALLY YOU ALL FOR A PERFECT AUDIT, 100 POINTS.

BIG ROUND OF APPLAUSE [APPLAUSE].

THERE WE GO. AND THIS WILL BE THE TIME THAT WE WILL HAVE AN OPEN HEARING AND BE ABLE TO ADDRESS THE AUDIT AND APPROVE IT.

SO WE WANT TO MEET THE DEADLINES PART OF THESE SCORES COME FROM MEETING DEADLINES, SO THANK YOU FOR DOING THAT.

AND AT THIS TIME WE'LL MOVE TO ACTION ITEM NON CONSENT.

[IV.A. Consider Approval of the Independently Audited Financial Statements for Fiscal Year 2023]

CONSIDER APPROVAL OF THE INDEPENDENTLY AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR 2023, MISS DAVENPORT AND MR. DODDS, CHAIRMAN MILLER, BOARD OF TRUSTEES AND DR.

LOPEZ, AS DR.

LOPEZ DID, JUST STATE, WE DO HAVE 150 DAYS FROM OUR FINANCIAL YEAR END OF JUNE 30TH TO SUBMIT THIS REPORT TO TEA.

THAT TAKES US TO NOVEMBER 27TH, WHICH IS THE MONDAY BEFORE OUR NEXT BOARD MEETING.

SO IN EFFORT TO CONTINUE THAT SCHOOL FIRST READING AND ALL THINGS THAT COME WITH THAT WE WOULD LIKE TO OR WE ASK YOU TO APPROVE THIS TONIGHT SO WE CAN GET IT SUBMITTED TO TEA BEFORE THAT DEADLINE.

THE FINAL VERSION THAT YOU HAVE AT YOUR SEAT IS VERY SIMILAR TO THE DRAFT VERSION.

THERE ARE SMALL EDITS, MINOR EDITS, BUT NET POSITION AND FUND BALANCE ARE THE SAME NUMBERS THAT YOU DID RECEIVE IN THAT EMAIL AND HAVE FROM THE DRAFT.

AND SO WE WOULD BE HAPPY TO ADDRESS ANY QUESTIONS OR CONCERNS YOU HAVE.TRUSTEES, ARE THERE QUESTIONS,? MR. GLICK. THANK YOU.

WE SEEM TO BE TALKING TWO DIFFERENT DOCUMENTS.

RIGHT. WE'RE TALKING ABOUT SCHOOL FIRST AND THE I CALL IT I STILL CALL IT THE CAFR, R IGHT.

WE'RE GOING TO CALL IT THE AFR.

YES. EXPLAIN THE TIE IN BETWEEN BOTH DOCUMENTS, PLEASE.

SURE. THE SCHOOL FIRST RATING.

THE FIRST QUESTION ON THAT IS DID WE SUBMIT OUR ANNUAL FINANCIAL REPORT? YOU DO NOT HAVE TO DO AN AFR [INAUDIBLE] BUT YOU DO HAVE TO DO AN AFR, WHICH IS JUST AN ANNUAL FINANCIAL BECAUSE IT'S COMPREHENSIVE.

THERE IS A STATISTICAL SECTION WE ADD TO THE BACK OF IT.

AND SO THAT DOES MAKE THE EXTRA ACRONYM WITH THE EXTRA WORK THAT GOES ALONG WITH THAT.

BUT NONETHELESS SAME DOCUMENT.

[INAUDIBLE] DID WE SUBMIT IT TO TEA.

YOU DO GET 30 DAYS WITHIN THE NOVEMBER 27TH DEADLINE, BUT THAT'S A LITTLE BIT MORE RISKY THAN FINANCIAL PEOPLE LIKE TO TAKE.

AND SO WE'RE GOING TO STICK WITH THAT NOVEMBER 27TH DEADLINE.

AND SO THAT IS THE QUESTION ONE.

THAT IS A SEALING INDICATOR TOO.

IF YOU DO NOT DO THAT, YOU WILL DOESN'T MATTER HOW GOOD YOU DO ON ANYTHING ELSE, YOU WILL FAIL SCHOOL FIRST.

AND YOU MENTIONED THAT BETWEEN THE EMAIL WE GOT FROM MISS HOGAN AND THIS, THERE ARE SOME CHANGES.

MINOR WORDING CHANGES, A FEW I'M SORRY, DO WE HAVE THOSE? RIGHT NOW WE DO NOT HAVE A LIST.

WE COULD SEND YOU A LIST OF ANY IF YOU NEED.

YES. OKAY. THANK YOU.

WOULD YOU ALL RESTATE WHAT THE DIFFERENCES WERE.

WERE THEY GRAMMATICAL OR WHAT? OKAY. IF YOU CAN JUST MAKE THAT STATEMENT IF YOU CAN DO THAT.

THE MAJORITY OF THE CHANGES THAT YOU BETWEEN THE DRAFT YOU RECEIVED LAST WEDNESDAY AND THE FINAL VERSION IN FRONT OF YOU ARE GRAMMATICAL CHANGES.

THAT IS CORRECT. THERE ARE SOME ROUNDING.

THERE ARE SOME NUMBERS THAT DIDN'T PUT OFF BY A DOLLAR OR TWO.

THERE ARE NO.

BUT AGAIN, THE NET POSITION [INAUDIBLE] AS HE PRESENTED THAT CHART TO YOU OF THE FUND BALANCE AS A PERCENT OF THAT, NONE OF THAT, NONE OF THAT HAS CHANGED FROM.

BUT WE CAN PUT TOGETHER A MORE DETAILED LIST OF THE WORDING CHANGES AND AGAIN, ROUNDING SPELLING A COUPLE OF AND THE COUPLE OF CHARTS THAT WERE NOT AVAILABLE AT THE TIME WITHIN THAT STATISTICAL SECTION, WE OBTAINED THOSE FROM THE MAC, MUNICIPAL ADVISORY COUNCIL.

AND SO THOSE WERE NOT YET POSTED.

AND SO WE HAVE UPDATED ONES THAT THE DATA WAS NOT TRULY AVAILABLE AT THE TIME YOU RECEIVED IT.

ANY OTHER QUESTIONS TRUSTEES?

[00:05:08]

MR. MILLER. YES, MA'AM.

IF THERE ARE NO FURTHER QUESTIONS, I WOULD MOVE THAT WE APPROVE THE [INAUDIBLE].

I THINK IS THE TERM THAT WAS USED EARLIER AS PRESENTED TONIGHT.

SECOND, IT'S BEEN PROPERLY MOVED AND SECOND, MOVED BY MR. MILLER, SECOND BY MR. SELDERS THAT WE ACCEPT THE ANNUAL COMPREHENSIVE FINANCIAL REPORT AS PRESENTED TO US TONIGHT.

VOTE OPEN.

VOTE CLOSED.

I VOTE YES.

OKAY. WE'RE GOING TO.

ALL RIGHT. OKAY.

SO TRUSTEES THANK YOU.

WE HAVE A VOTE OF 6 TO 1.

AND WE HAVE ONE EXTENSION AND THE MOTION CARRIES.

[VII. Adjournment ]

IS THERE A MOTION TO ADJOURN? SO MOVED. ALL RIGHT.

WE HAVE ADJOURNED FROM THIS SPECIAL SESSION MEETING.

LET'S COME BACK AT, LIKE, 5:20, OR DO WE DO 25? DO WE NEED A LONGER BREAK? Y'ALL NEED [INAUDIBLE] A LONGER BREAK? OKAY, SO LET'S COME BACK AT 5:25.

ALL RIGHT. THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.