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[00:00:01]

OKAY. GOOD AFTERNOON, LADIES AND GENTLEMEN.

HAPPY SPRING.

SPRING IS HERE.

[I. Call to Order and Determination of Quorum ]

IT IS GOOD TIMES IN GARLAND ISD.

THANK YOU ALL FOR BEING HERE TODAY.

WE'RE ABOUT TO, IT IS 3:02.

WE'RE ABOUT TO START THE MARCH 19TH, 2024, MEETING OF THE FINANCE FACILITIES AND OPERATIONS COMMITTEE MEETING.

OUR MEMBERS ARE HERE.

WE DO HAVE ALL THREE OF OUR COMMITTEE PEOPLE HERE, AS WELL AS A COUPLE OF BOARD MEMBERS WHO WILL BE JOINING US.

SO, I DO CALL THIS MEETING TO ORDER.

WE DO HAVE A QUORUM.

LET'S MOVE TO ACTION OR SORRY, TO PUBLIC FORUM ITEM NUMBER TWO.

MICHELLE, DO WE HAVE ANY CARDS FOR PUBLIC FORUM TODAY? OKAY, WE DO NOT HAVE ANY CARDS.

SO, COMMITTEE, WE'LL MOVE ON TO NUMBER THREE, WHICH IS OUR SUPERINTENDENT'S UPLIFTING MESSAGE OF THE DAY.

[III. Superintendent's Message ]

WELL, I WANT TO WELCOME EVERYBODY BACK FROM SPRING BREAK.

WE'RE GOING TO HAVE A FAST AND FURIOUS END OF THE SEMESTER.

I'M REALLY EXCITED ABOUT WHAT'S COMING.

I WANT TO CONGRATULATE THE BOARD.

WE HAD AN HEB VISIT FOR TWO REASONS.

ON THURSDAY, WE HAD THEM VISIT TWO PRINCIPALS.

AMANDA RAMOS AT SELDERS MIDDLE SCHOOL HAS BEEN ANNOUNCED AS ONE OF FIVE FINALISTS TO BE PRINCIPAL OF THE YEAR BY THE HEB FOUNDATION FOR SECONDARY LEVEL.

AND TERESA MCCUTCHEN, WHO'S AT SPRING CREEK ELEMENTARY, IS ALSO ONE OF THE FIVE FINALISTS.

BUT FOR ELEMENTARY PRINCIPAL.

THE IRONIC THING ABOUT THAT IS THAT THEY SAID THIS IS THE FIRST TIME THAT THEY'VE SEEN BOTH FINALIST ELEMENTARY AND SECONDARY COME FROM THE SAME SCHOOL DISTRICT.

THE SECOND THING IS, WE WERE VISITED ON FRIDAY BEFORE SPRING BREAK BY THE HEB FOUNDATION, AS THE BOARD IS A TOP FIVE FINALIST FOR BOARD OF THE YEAR.

I'M FROM MY STANDPOINT, EVERYTHING WENT SO SMOOTH.

I WANT TO THANK THE STAFF AND EVERYBODY THAT GOT INVOLVED IN HELPING, MAKING SURE THAT IT WAS A NICE, WELCOMING EVENT FOR OUR GUESTS.

WE HAD ABOUT 6 OR 7 JUDGES COME IN TO CRITIQUE OUR DISTRICT, AND THEY STARTED WITH AN INDIVIDUAL INTERVIEW WITH ME.

THEY WENT WITH TO THE BOARD, AND THEN THEY HAD ABOUT HALF A DOZEN COMMUNITY MEMBERS THAT INCLUDED PRINCIPALS, TEACHERS, STUDENTS AND OF COURSE, COMMUNITY MEMBERS TO INTERVIEW.

AND JUST FROM EVERYTHING THAT I'VE SEEN THAT.

THERE'S NO WAY, IN MY OPINION, THAT ANYBODY'S GOING TO TOP THIS BOARD.

SO, I JUST WANT TO CONGRATULATE THEM ON A JOB WELL DONE.

AND THANK YOU FOR BEING THE BOARD THAT YOU ARE.

YOU GUYS REALLY ROCKED IT.

THANK YOU, THANK YOU.

I TOLD YOU IT'D BE UPLIFTING.

THANK YOU, DR. LOPEZ.

WE'RE GOING TO GO TO ITEM FOUR.

ITS AGENDA ITEMS LOOK LIKE WE'RE PACKED FULL OF CONTRACTS FOR THIS SESSION TODAY.

BUT ITEM NUMBER FOUR IS AGENDA ITEMS FOR BOARD OF TRUSTEES.

[IV.A. Information Items]

ACTION. I'M SORRY. INFORMATION ITEMS. A NUMBER ONE IS TO RECEIVE THE BOARD OF TRUSTEES CONTRACT RENEWAL REPORT FOR MARCH.

AND I SEE MR. MARK BOOKER HAS JOINED US AT THE PODIUM.

TO MARK MILLER, MEMBERS OF THE BOARD OF TRUSTEES.

TO DR. LOPEZ, WE HAVE BEFORE YOU FOR YOUR CONSIDERATION IS THE MARCH CONTRACT RENEWAL REPORT.

WE DO HAVE 26 CONTRACTS ON THE REPORT, TWO OF WHICH HAVE EXCEEDED THE THRESHOLDS IN REGULATIONS THAT WILL BE REVIEWING IN IN LATER ON IN THE AGENDA.

I'LL BE HAPPY TO ANSWER ENTERTAIN ANY QUESTIONS THAT YOU MIGHT HAVE AS IT RELATES TO THE CONTRACT RENEWAL REPORT.

COMMITTEE. ANY QUESTIONS FOR MR. BOOKER OF THE REPORT? PRETTY STANDARD.

ANYBODY FROM THE BOARD HAVE A QUESTION ON THIS ITEM? IF NOT, THANK YOU, MR. BOOKER. WE'LL MOVE ON TO ITEM A TWO REVIEW JANUARY 2024.

MONTHLY FINANCIALS.

ARTURO VALENZUELA.

I THINK ARTURO WAS INTRODUCED TO US AT THE BOARD MEETING.

IS THIS YOUR FIRST FINANCE COMMITTEE MEETING? WELL, THIS IS THE SECOND ONE.

SECOND ONE. OKAY. THIS IS A SECOND ONE.

WELL, I SLEPT THROUGH THE FIRST ONE, SO IT DIDN'T I DIDN'T CATCH IT ALL, BUT NO.

WELL, THANK YOU FOR BEING HERE.

AND YOU'VE GOT THE FLOOR.

THANK YOU. CHAIRMAN MILLER, BOARD TRUSTEES, AND DR.

LOPEZ, I PRESENT TO YOU THE JANUARY 2024 FINANCIAL STATEMENTS.

AS YOU CAN SEE ON PAGE EIGHT, WE'LL SEE THE PERCENTAGE SPENT OF THE GENERAL FUND, WHICH IS AT 54%.

THE RULE OF THUMB THAT WE USE IS TO JUST SEE IN WHICH MONTH WE ARE.

IT IS 58% THE BENCHMARK WE'RE USING.

SO, WE'RE A LITTLE BIT BETTER THAN THE, THE BENCHMARK.

THERE ARE SOME GRAPHS ON THE NEXT PAGES.

BUT THE ITEM THAT I WANTED TO EMPHASIZE TODAY WAS THE PAGE NUMBER 18.

FOR THE ESSER REMAINING FUNDS, THAT ONE SHOWS THAT WE STILL HAVE SOME ESSER FUNDS, BUT WE PLAN TO CONSUME THEM BY THE END OF

[00:05:07]

THE FISCAL YEAR, WHICH IS JUNE 30TH.

YOU MIGHT IF YOU HAVE ANY QUESTIONS, LET ME KNOW.

OKAY. AND JUST TO CLARIFY, THEN WITH RESPECT TO THE FIRST CHART WITH THE 54% YOU'RE CHARTING, YOU SAID THE 58%.

IF EVERYTHING HAD BEEN FULLY SPENT WITHIN THE BUDGET ITEMS, WE WOULD HAVE BEEN CLOSER TO 58 AND 54.

CORRECT. SO, WE HAVEN'T QUITE SPENT ALL THE BUDGETED ITEMS, WHICH IS NOT UNUSUAL.

OR DO YOU HAVE ANY QUESTIONS ON THE FIRST COUPLE OF PAGES OF THIS? HOW ABOUT ON THE ESSER REPORT? SO, ON THE ESSER, I'LL JUST CLARIFY AGAIN, WHAT YOU'RE SAYING IS THAT IT DOES SHOW A BALANCE, BUT ALL THOSE MONIES HAVE BEEN EARMARKED FOR SOMETHING TO BE SPENT BY THE DEADLINE.

CORRECT? OKAY. CHAIRMAN, MAY I REMIND US OF THE DEADLINE AGAIN? CAN I ASK A QUESTION REAL QUICK? YEAH, JUST ONE SECOND. REMIND US THE DEADLINE AGAIN.

OH, JUNE 30TH OF THIS YEAR.

OKAY. IN THIS MONTH TO THE EMPLOYEES WILL BE LOOKING FOR IS IT FROM ESSER TWO OR ESSER III FUNDS THAT THEY'LL GET THEIR, IT'S COMING FROM ESSER III, BUT THEY'RE GETTING THE BONUS THIS MONTH.

YES. IN THIS PAYCHECK ON THE 27TH.

IS THAT CORRECT? OKAY.

THANK YOU. YES, IT IS.

ESSER III. MILLER. YES, MA'AM.

I HAVE A QUESTION.

ON THE ESSER MONEY, KNOWING THAT WE HAVE A BALANCE.

DOES THAT MEAN? WE'RE GOING TO GO BACK TO SOME REQUESTS THAT WERE RECEIVED THAT WE DIDN'T DO? ARE WE GOING TO ADD NEW PROJECTS TO UTILIZE THIS BALANCE? HOW ARE WE GOING TO DO THAT? SO NO, WE WON'T BE LOOKING AT REQUESTS RIGHT NOW.

WE'RE RUNNING INTO DEADLINES ON THAT, BUT WE STILL HAVE SOME ONGOING PROJECTS THAT WILL REDUCE THIS BALANCING.

OF COURSE, YOU HAVE TO REMEMBER THIS BALANCES AS OF JANUARY.

SO, THERE'S BEEN ONGOING PROJECTS.

THAT'S WHAT I WANTED TO UNDERSTAND IS THAT WE HAD NOT SATISFIED ALL OF THE PROJECTS THAT WE HAD APPROVED.

CORRECT. WITH THIS. OKAY.

ALL RIGHT. THANK YOU.

YEAH. AGAIN. AND IN MY WAY OF THINKING, THE MONEY IS SITTING THERE, BUT IT'S EARMARKED.

WE ALREADY KNOW KIND OF WHERE IT'S GOING, AND IT'LL BE GONE BY THE 30TH OF JUNE.

SO, WE DON'T PLAN ON NOT SPENDING EVERY PENNY OF IT.

ANY ADJUSTMENTS TO THAT WILL COME.

YOU'LL INFORM US? YES. OKAY.

ANY OTHER QUESTIONS? BOARD. OKAY.

THANK YOU. WE'RE GOING TO MOVE TO ITEM THREE.

CHRISTIE COOPER IS GOING TO COME HERE WITH THE JANUARY 2024 TAX REPORT.

GOOD AFTERNOON, MR. MILLER. BOARD OF TRUSTEES AND DR.

LOPEZ. THE ITEM BEFORE YOU IS THE MARCH.

EXCUSE ME. THE JANUARY 2023, 2024, TAX COLLECTION REPORT, REFLECTING 85.74% COLLECTED OF THE 2023 TAX YEAR.

AT THIS TIME, WE'VE COLLECTED 96.94% OF THE 2023 BASE TAX LEVY.

I'LL BE HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.

BOARD, ANY, I MEAN, COMMITTEE, ANY QUESTIONS? BOARD MEMBERS? THANK YOU, THANK YOU.

PRETTY STANDARD AGAIN. THANK YOU.

LET'S GO TO ITEM NUMBER FOUR.

WE'RE GOING TO REVIEW THE SECOND QUARTER INVESTMENT REPORT.

AND I BELIEVE RHONDA ROUNDTREE IS HERE TO TALK TO US TODAY.

THE PODIUM IS YOURS.

YES. GOOD AFTERNOON, CHAIRMAN MILLER, PRESIDENT GRIFFITH, BOARD OF TRUSTEES.

DR. LOPEZ, WHAT YOU HAVE BEFORE YOU THIS AFTERNOON IS AN INFORMATION ITEM IS THE SECOND QUARTERLY INVESTMENT REPORT FOR THE 23-24 SCHOOL YEAR, COVERING THE TIME PERIOD OCTOBER 1ST TO DECEMBER 31ST, 2023.

THE FIRST CHART YOU WILL SEE IS A PIE CHART THAT DEPICTS THE SNAPSHOT OF THE DISTRICT'S INVESTMENT POSITION AS OF DECEMBER 31ST.

AS OF DECEMBER 31ST, THE DISTRICT'S 1.3 BILLION WAS INVESTED IN THREE SEPARATE INVESTMENT POOLS TEXAS POOL, LONE STAR AND TEXAS CLASS.

DIRECTLY BEHIND THAT CHART, YOU'LL SEE THE INFORMATION THAT DETAILS HOW THE POOLS INVEST THE FUNDS THAT ARE DEPOSITED WITH THEM.

THIS HAS BEEN PROVIDED SO THAT YOU CAN SEE THE UNDERLYING INVESTMENTS OF THE POOLS, AND THAT YOU CAN ALSO SEE THAT THE INVESTMENT POLICIES OF THE POOL MIRROR THAT OF THE INVESTMENT POLICIES OF THE DISTRICT.

BEHIND THOSE DOCUMENTS, YOU'LL SEE A GRAPH THAT ILLUSTRATES THE DAILY INTEREST RATES IN THE POOLS OVER THIS LAST QUARTER.

YOU CAN SEE HOW INTEREST RATES HAVE REMAINED RELATIVELY CONSTANT OVER THE COURSE OF THE QUARTER, RANGING FROM 0.528 TO 5.59.

THE NEXT DOCUMENT IN YOUR PACKET DETAILS THE EXACT AMOUNT OF EACH OF THE DISTRICT'S INVESTMENT FUNDS AS OF 1231.

THE FINAL DOCUMENT SHOWS INTEREST INCOME FOR THE FIRST SIX MONTHS OF THE FISCAL YEAR, WE'VE HAD 12.3 MILLION TOTAL, 5.6 OF THAT BEING IN THE GENERAL FUND, 3.5 OF THAT IN CAPITAL PROJECTS.

IF YOU HAVE ANY QUESTIONS, I'LL BE GLAD TO ANSWER THEM FOR YOU.

[00:10:03]

YES. COMMITTEE.

JOHNNY BEACH, MR. ANDRE ON THE CHART THAT YOU SHOWED THE 68% IS IN OUR TEXT POOL, 32% BEING IN THE TEXAS CLASS.

YES, SIR. IS THAT NORMAL PERCENTAGES THAT WE NORMALLY DO IN THOSE TWO POOLS? THAT IS MORE IN TX POOL THAN WE TYPICALLY HAVE.

WE HAVE TYPICALLY PURCHASED INVESTMENT SECURITIES AND HAVE LETTERED OUT THE PORTFOLIO.

WE HAD A MEETING RIGHT BEFORE SPRING BREAK, AND WE HAVE PLANS TO DO THAT AS WELL GOING FORWARD.

THAT SHOULD HAPPEN IN THE NEXT COUPLE OF WEEKS.

WE WILL DO THAT WITH THE GENERAL FUND MONIES, PROBABLY OUT TO SEPTEMBER, AND THEN WE WILL LOOK AT THE CAPITAL PROJECTS MONEY BASED ON WHAT WE THINK THE WORKFLOW LOOKS LIKE.

THAT WILL BE PROBABLY PUSHED OUT TO SEPTEMBER AND OCTOBER AS WELL.

WE ANTICIPATE THAT THE PORTFOLIO WILL LOOK MORE LIKE 30% SECURITIES, 30% IN EACH OF THE POOLS.

AND AS A REMINDER, TEXAS CLASS, INVEST IN COMMERCIAL PAPER SO THAT THAT FUND IN AND OF ITSELF IS ABOUT 85% COMMERCIAL PAPER.

SAYING THAT ABOUT THE PERCENTAGES.

AND I WAS NOTICING ON THE OTHER CHART IS HOW OFTEN CAN YOU MOVE MONEY AROUND, OR CAN YOU MOVE MONEY AROUND? I CAN MOVE MONEY AS OFTEN AS WE WOULD LIKE IN THE INVESTMENT POOLS.

WHEN I PURCHASE INVESTMENT SECURITIES.

EXCUSE ME. WE TYPICALLY LEAVE THOSE UNTIL MATURITY.

AND SO THOSE ONCE WE PLACE THEM, WE'LL SAY IF WE PLACE THEM IN THE NEXT WEEK OR SO, WE LEAVE THEM UNTIL THEY MATURE.

HOPEFULLY THAT WOULD BE JULY, AUGUST, SEPTEMBER, OCTOBER.

GENERAL FUND IS SITTING AT ABOUT TWO POINT 277 MILLION.

WE TYPICALLY DO NOT GET BELOW 100 MILLION IN THE POOLS.

SO, IF YOU TAKE A TYPICAL PAYROLL IS $40 MILLION A MONTH.

WHEN YOU LADDER THAT OUT, THAT DOESN'T GO MUCH BEYOND SEPTEMBER, ACTUALLY.

NOW THE COMMERCIAL, THE CAPITAL PROJECTS MONEY WE CAN PUSH OUT FURTHER, BUT WE DO NOT TYPICALLY GO OUT FURTHER THAN A YEAR.

AND WE CANNOT GO OUT FURTHER THAN A YEAR WITHOUT COMING BACK TO YOU ALL FOR APPROVAL.

WHEN DO YOU NORMALLY GET THE FORECAST AS FAR, OR DO YOU AS FAR AS INTEREST RATES? YOU KNOW, I, I LOOK AT THE SAME THINGS THAT YOU LIKE, BUT I GET ALSO DAILY REPORTS AND INTEREST RATES, OF COURSE, AS YOU WOULD HEAR ACTUALLY, EVEN OF TODAY, WE ARE IN A DECLINING INTEREST RATE ENVIRONMENT.

SO HAVING ALL OF THE MONEY IN POOLS.

RIGHT THIS PARTICULAR MOMENT IS NOT A BAD MOVE, BUT LADDERING OUT THE PORTFOLIO IS ALWAYS THE WISEST MOVE.

SO, FOR INSTANCE, IF WE WENT OUT TOMORROW AND WE LADDERED OUT THE PORTFOLIO THE INTEREST RATE THAT WE WOULD GET WOULD BE LOWER THAN WHAT'S SITTING IN THE POOLS RIGHT NOW.

IT'D BE CLOSER TO 5%.

AND RIGHT NOW, THE POOLS ARE MORE LIKE FIVE, THREE, FIVE, FOUR.

SO WHILE THAT'S THE WISEST CHOICE TO DO I DON'T BELIEVE ANY OF THAT'S GOING TO IMPACT THIS YEAR'S FISCAL INTEREST INCOME.

AND INTEREST INCOME IS LOOKING VERY WELL.

I THINK THAT WE WILL EXCEED INTEREST INCOME THIS YEAR AS OPPOSED TO LAST YEAR.

LAST YEAR WE WERE AT 3.2 MILLION OVERALL, AND THIS YEAR WILL BE CLOSER TO 14.

I ALSO WANT TO SAY THANK YOU FOR THE JOB YOU'RE DOING.

YOU'RE DOING A GREAT JOB.

THANK YOU VERY MUCH, SIR, I APPRECIATE IT.

YEAH, WE'LL GO TO MR. GLICK. BUT JOHNNY, IN LINE WITH THAT, AS YOU KNOW, AT THE BANK, WE'VE BEEN LOOKING A LOT AT THE INTEREST RATE FORECAST.

FOR INSTANCE, PRETTY MUCH ACROSS THE MARKET RIGHT NOW, THE BANKS, YOU'LL SEE THE THREE- AND SIX-MONTH CDS PAYING ABOUT 15 BASIS POINTS HIGHER THAN THE SIX, I'M SORRY, THE NINE- AND 12-MONTH CDS.

AND THEN YOU GO OUT PAST A YEAR, AND IT FALLS OFF EVEN MORE.

SO, THERE IS STILL THE EXPECTATION OF DECLINING INTEREST RATE.

IT'S JUST AS WELL THAT WE DON'T GO OUT OVER A YEAR, BECAUSE THAT'S WHERE THE MAXIMUM RETURN IS RIGHT NOW IN THE MARKET.

AND THEN HOPEFULLY SOON AFTER THAT A LOT OF THAT MONEY WILL BE USED.

MR. GLICK. YEAH.

I WAS THINKING, AS YOU WERE TALKING ABOUT WHAT THE BANK OF JAPAN HAS STARTED CHANGING THEIR WHOLE PHILOSOPHY IN THE LAST FEW DAYS.

SO, WHAT IS THE MAJOR DIFFERENCE BETWEEN THE FIVE, ALMOST 5.6 THAT WE GOT AND THE 5.3? ON THE CHART.

ON THE CHART, THE DIFFERENCE IN THE 5.3, ACTUALLY, WE KIND OF STARTED AT A 5.3.

WE WERE CLOSER TO A 5.6.

AND THOSE RATES INCLUDE BOTH TX POOL AND TEXAS CLASS.

AND TEXAS CLASS IS OF COURSE GOING TO ALWAYS BE WHAT WE'VE GOT IN TEXAS POOL BECAUSE WE ARE NOT IN TEXAS POOL PRIME.

THE ONLY COMMERCIAL PAPER EXPOSURE THAT WE HAVE IS THROUGH TEXAS CLASS.

AND SO, IF YOU LOOK AT THE CHART, IT LOOKS LIKE THERE'S A WIDE GAP THERE, BUT IT'S ACTUALLY A VERY NARROW BASIS POINT GAP.

BUT THE VARIANCE IS REALLY THE DIFFERENCE BETWEEN THE TWO POOLS.

AND WHAT THEY HAVE IS THEIR UNDERLYING INVESTMENTS.

SO, MR. DODDS, MY ASSUMPTION IS THAT BASED ON THE NUMBERS WE JUST HEARD, ALL OF OUR PROJECTIONS WILL INCLUDE THE POTENTIALLY UP TO $14 MILLION.

WELL, NOT 14 INCLUDES THE BOND INTEREST OF COURSE.

YEAH. SO HOW MUCH IS THE NON-BOND INTEREST.

NON BOND INTEREST SHOULD BE CLOSER TO 11.

YEAH. SO, ALL OUR PROJECTIONS OBVIOUSLY WILL INCLUDE THAT I'M ASSUMING.

[00:15:01]

YES. AS WE GET CLOSER, WE WILL ADJUST THAT IN THE BUDGET AND BRING THOSE CLOSER TO WHERE THEY ARE ON ACTUALS OKAY.

I THINK THE BUDGET RIGHT NOW IS 8.5 MILLION FOR THE GENERAL FUND.

AND WE WILL EXCEED THAT.

ACTUALLY, I LOOKED AT THE NUMBERS RIGHT BEFORE I CAME IN, AND WE WILL BE AT 8.4 WITH THE NUMBERS ENDING FEBRUARY.

SO, WE WILL SURPASS THAT IN FEBRUARY.

YEAH. GOOD. THANK YOU, SIR.

YEAH. ANY OTHER BOARD MEMBERS? THANK YOU. COMMITTEE.

THANK YOU, MR. ROWNTREE.

[IV.B. Action Items (Non Consent) ]

LET'S MOVE ON TO THE ACTION ITEMS. NON CONSENT.

ITEM NUMBER ONE.

CONSENT. APPROVAL OF BUDGET TRANSFERS AND AMENDMENTS TO THE 2023 2024 GENERAL FUND.

LISA. GOOD AFTERNOON.

CHAIRMAN. MILLER.

COMMITTEE MEMBERS.

SUPERINTENDENT LOPEZ, TODAY WE HAVE FOR YOU THE MARCH BUDGET TRANSFERS AND AMENDMENTS FOR THE GENERAL FUND.

WE HAVE OUR NORMAL BUSINESS PRACTICES OF CROSS-FUNCTIONAL, BALANCED, NEUTRAL TRANSFERS.

THEY HAVE NO BUDGET IMPACT.

AND WE HAVE ONE AMENDMENT ITEM, WHICH IS AN INSURANCE REIMBURSEMENT FOR TRUCK PICKUP TRUCK REPAIR.

THAT'S GOING TO AFFECT THE LOCAL REVENUE AND FUNCTION.

51. ARE THERE ANY QUESTIONS? COMMITTEE. ANY QUESTIONS? BOARD MEMBERS. ANY QUESTIONS ON THIS ITEM? ALL RIGHT. THANK YOU, ELISA.

WE'LL GO TO ACTION ITEM B TWO.

I'M SORRY. THIS IS NEW BIDS UNDER SECTION TWO.

MICHELLE GAVE ME A BOOBY TRAP PEN HERE.

NO, I GOT, I FIXED IT, IT CAME APART.

LET'S GO TO ITEM A, CONTRACT, NUMBER 1224.

I'LL TELL YOU WHAT, MR. BOOKER.

WE HAVE A, B, C, D AND E.

WHY DON'T YOU JUST RUN THROUGH THESE UNDER NEW BIDS, SECTION TWO.

IF YOU DON'T MIND, JUST ANNOUNCE THEM.

AND IF THERE ARE ANY QUESTIONS WE'LL ASK FROM THERE, OKAY.

YES, SIR. ONCE AGAIN, TO MR. MILLER, MEMBERS OF THE BOARD OF TRUSTEES.

DR. LOPEZ, THE FIRST CONTRACT WE HAVE FOR YOUR CONSIDERATION IS THE PURCHASE OF MICROSOFT VOLUME LICENSING THAT IS USED PRIMARILY BY THE TECHNOLOGY DEPARTMENT TO PROVIDE THOSE MICROSOFT LICENSES THROUGHOUT THE DISTRICT.

IT IS A CONTRACT THAT'S BEING PROCURED THROUGH DUR, WHICH IS A COOPERATIVE THAT WE HAVE ACCESS TO.

IT'S A ONE-YEAR TERM WITH FIVE RENEWABLE OPTIONS, THE NOT TO EXCEED AMOUNT OF $650,000 PAID FOR THEM OUT OF THE GENERAL FUND.

THIS IS JUST A NEW AWARD REPLACEMENT OF AN EXISTING CONTRACT.

THE NEXT CONTRACT FOR CONSIDERATION IS THE PURCHASE OF IMMIGRATION AND RELATED ATTORNEY SERVICES, WHICH IS UTILIZED BY THE HUMAN RESOURCES DEPARTMENT OF THE DISTRICT.

THIS IS A REPLACEMENT OF THE PREVIOUS CONTRACT WE HAD IN PLACE.

THE RELATED FIRM THAT WE'RE RECOMMENDING FOR CONTINUED PROVIDING THOSE SERVICES IS DICKINSON WRIGHT, AND WE HAVE A CONTRACT TERM OF ONE YEAR WITH FOUR ANNUALLY RENEWABLE OPTIONS.

THE NOT TO EXCEED AMOUNT IS $110,600, WHICH IS PAID OUT OF GENERAL FUND.

THE NEXT CONTRACT FOR APPROVAL IS THE PURCHASE OF DIGITAL SPORTS SOFTWARE.

THIS IS THE SOFTWARE USED BY ATHLETICS TO RECORD THE GAMES, AND ALSO SOME OF THE PRACTICES, WHICH ALLOWS THE STUDENTS AND COACHES TO CRITIQUE THE PERFORMANCE OF STUDENTS, AS WELL AS PROVIDING HIGHLIGHT FILMS TO SEND OFF TO COLLEGES OF THEIR CHOICE.

WHEN IT'S TIME FOR RECRUITING, IT'S A NEW AWARD REPLACEMENT THROUGH A COOPERATIVE CONTRACT WITH A ONE YEAR WITH FOUR ANNUALLY RENEWABLE OPTIONS WITH A NOT TO EXCEED AMOUNT OF $100,000.

MR. BOOKER ON THIS ONE.

I WOULD BE CURIOUS.

I'VE BEEN HERE SEVEN YEARS, AND I'VE NEVER SEEN WHAT WE DO TO HIGHLIGHT OUR KIDS.

LIKE, SEND OFF TO COLLEGE.

A SAMPLE OF ONE OF THOSE.

IF ONE OF THOSE IS EVER AVAILABLE, I WOULD JUST BE INTERESTED IN SEEING WHAT WE DO FOR THOSE KIDS TO HELP.

IF YOU COULD PASS IT ON TO MAYBE RON GRIFFIN? BE HAPPY TO DO THAT, SIR.

THANK YOU. THE NEXT CONTRACT FOR YOUR CONSIDERATION IS THE PURCHASE OF VOLUNTARY BENEFITS IN THIRD PARTY. THIS IS UTILIZED BY THE DISTRICT'S PAYROLL DEPARTMENT, AS WELL AS ALLOWING DISTRICT EMPLOYEES TO PARTICIPATE IN A BENEFICIARY PLAN. THE CONTRACT THAT WE ARE PRESENTING TO YOU TODAY IS A NEW AWARD REPLACEMENT.

THE COMPANY, TCG CONSULTING SERVICES AND FIRST FINANCIAL GROUP PROVIDE BEST VALUE FOR THE DISTRICT.

IT'S A ONE-YEAR CONTRACT WITH THREE ANNUALLY RENEWABLE OPTIONS, WITH A NOT TO EXCEED AMOUNT OF $225,000, WHICH COMES FROM THE GENERAL FUND.

THE NEXT CONTRACT FOR CONSIDERATION.

THIS IS A CONTRACT FOR INSTRUCTIONAL SOFTWARE AND SUBSCRIPTIONS.

THIS IS ONE OF THE CONTRACTS THAT WE HAVE, WHAT WE CALL AN EXTENDED RFP.

[00:20:02]

THIS ALLOWS THE DISTRICT TO ADD VENDORS THROUGHOUT THE PROCESS OF THE YEAR TO BE TIMELY IN MEETING THE NEEDS OF THE INSTRUCTIONAL TEAM.

THAT CONTRACT IS SUBMITTED BEFORE YOU.

THAT CONTRACT IS A NEW WARD.

IT IS RENEWAL AND THE NOT TO EXCEED AMOUNT FOR THIS CONTRACT.

LET ME SEE THAT NUMBER.

IT'S $1,501,000, WHICH IS BASICALLY THOSE SERVICES ARE COMING OUT OF 199, 211 AND 220 FOR THE FOUR VENDORS THAT WERE ADDED TO THE CONTRACT IS LISTED ON EXHIBIT A AGE OF LEARNING ALL PLAYERS AS DBA, RANK ONE EBSCO AT MINTUM, EXCEL LEARNING, SERVICE LEARNING AND SUMMIT K-12.

THOSE ARE THE THOSE ARE THE VENDORS THAT HAVE BEEN ADDED TO THIS CONTRACT.

THE NEXT CONTRACT FOR YOUR CONSIDERATION IS THE FACILITIES, MAINTENANCE AND OPERATING SOFTWARE THAT WE USE FOR THE MAINTENANCE.

WORK ORDER SYSTEM.

EXCUSE ME. DUDE. SOLUTIONS.

THAT'S CONTRACT 230-22.

THERE IS AN INCREASE FOR THE POTENTIAL OF BUYING NEW MODULES AND ALSO AN INCREASE IN THE SUBSCRIPTION FEE.

THE CONTRACT IS BEING AWARDED TO BRIGHTLEY SOFTWARE TO ACCESS DUDE SOLUTIONS NOT TO EXCEED AMOUNT WOULD BE $150,000, WHICH IS THE $50,000 INCREASE THAT IS PAID FOR OUT OF THE GENERAL FUND.

THE NEXT CONTRACT FOR CONSIDERATION.

THE DISTRICT.

THE BOARD OF TRUSTEES DID ALLOCATE $3.1 MILLION FOR THE PURCHASE OF NEW INSTRUMENTS.

THE NEXT TWO CONTRACTS BEFORE YOU ARE MODIFICATIONS OR INCREASES IN TWO CONTRACTS.

WE HAVE TWO SEPARATE CONTRACTS FOR MUSICAL INSTRUMENTS.

THE FIRST CONTRACT BEFORE YOU FOR YOUR CONSIDERATION IS CONTRACT THREE 4520 DASH ZERO THREE THERE IS A MODIFICATION THAT WE ARE CHANGING THE AWARD FROM MUSIC AND ARTS DBA GUITAR CENTER TO GUITAR CENTER STORE DOING BUSINESS AS MUSIC AND ARTS.

THAT WAS JUST A CORRECTION IN THE IN THE VENDOR NAME.

THE DISTRICT IS RECOMMENDING A NOT TO EXCEED AMOUNT $1,235,000.

THAT WOULD BE PAID OUT OF 90%.

651 THE EDUCATIONAL STABILIZATION FUND.

THE NEXT CONTRACT FOR YOU.

THIS IS THE THE THE SECOND CONTRACT.

EXCUSE ME. THE FIRST CONTRACT IS FOR THE MODIFICATION OF AWARD.

THIS IS THE INTERLOCAL AGREEMENT THROUGH EPC AND T TO ACTUALLY PURCHASE THOSE INSTRUMENTS.

ORIGINALLY, WE WERE ASKING FOR 1,235,000.

THIS CONTRACT, WE'RE ONLY ADDING AN ADDITIONAL 500,000 OUT OF THE 651 FUNDS.

SO THOSE TWO CONTRACTS TOGETHER WOULD TOTAL THE 3.1 THAT WAS ALLOCATED FOR BY THE BOARD FOR NEW INSTRUMENTS.

WE DID PROVIDE QUOTES TO OBTAIN THE BEST VALUE FOR THE DISTRICT'S MONEY.

I THINK THERE'S A MISPRINT ON PAGE 5151 DOWN AT THE FINANCIAL IMPACT AND FUNDING SOURCE.

WHERE IT SAYS IT'S AN INCREASE IN LOOKS LIKE.

THAT 2 MILLION OR 2 BILLION.

GET THAT TWO BIG AND 600,000.

I THINK THAT NEEDS TO BE CORRECTED BEFORE WE VOTE ON IT.

LET ME BACK. WHAT YOU'RE REFERRING TO CONTRACT 345 20-01, 345-20-03 ON PAGE 51.

IT'S GOT THE FINANCIAL IMPACT NOT TO EXCEED AMOUNT.

ORIGINAL AMOUNT WAS 1,235,000.

THE INCREASE IS 2,000,600,000 OR SOMETHING.

THAT'S SUPPOSED TO BE, THE COMMA IS IN THE WRONG SPOT, AND IT'S SUPPOSED TO BE A PERIOD.

SO, WE'LL GET THAT CORRECTED.

YEAH. BEFORE WE VOTE ON THAT, I THINK WE NEED TO DO THAT.

WE'LL MAKE THAT I UNDERSTAND I SEE IT NOW.

WE'LL GET THAT CORRECTED. THANK YOU.

ALL RIGHT. RESTATE PLEASE I THINK I THINK THAT'S FINE ARTS MATH.

YOU KNOW THAT'S WHAT THEY'RE WISHING FOR.

GET IT. YOU KNOW THEY HAVE A LOT OF NEEDS.

WE GOT TO GET THEM IN.

WE'LL BRING THAT BACK TO YOU WITH THE CORRECT NUMBERS.

OKAY. ARE WE PULLING THIS OR.

WELL, I COULD MAKE THE CORRECTION.

IT SHOULD BE THE 1,235,000.

AND WE'RE ADDING INCREASING $500,000 TO THAT CONTRACT.

SO, THE 2,000,002, WHATEVER, SIX IS THE NUMBER WE CAN SCRATCH OUT.

THE TWO. 260 MILLION.

WHATEVER THAT NUMBER IS, WE CAN SCRATCH THAT OUT.

NO, NO, IT'S WE'RE ADDING 2 MILLION, 600,000 TO THAT FOR A TOTAL OF 3.8 MILLION.

BECAUSE THIS IS ON THE NEW INSTRUMENT PURCHASE THAT WAS APPROVED BY THE BOARD, AND WE APPROVED THE $3 MILLION FOR THE FIRST YEAR.

[00:25:06]

AND SO THIS IS WHAT THIS IS, IS INCREASING THAT AMOUNT, AND THAT IS MONEY THAT WE'VE ALREADY MOVED OVER INTO CAPITAL PROJECT FUND.

SO THAT'S WHY IT'S OUT OF 651 INSTEAD OF 199.

WE'VE ALREADY MOVED THOSE FUNDS OVER.

OKAY. LET ME LET ME REPEAT THIS COMMITTEE TO MAKE SURE.

YEAH. MR. GRIFFIN, LET ME REPEAT THIS AND THEN, OKAY, ASK THE QUESTION.

SO, THE ORIGINAL AWARD WAS 1,235,00? THE INCREASE IS NOT WHATEVER THAT NUMBER SHOULD HAVE BEEN, BUT IT'S 2,600,000.

SO, THE NEW AWARD AMOUNT IS 3,000,008 35.

3,835,000. AND IT COMES OUT OF THE 651 FUND 100%.

ANYBODY THAT.

EVERYBODY CLEAR, MR. GRIFFIN? YES.

I WOULD JUST LIKE TO MAKE A COMMENT AND OFFER A SUGGESTION.

WE WOULD DO A NEW BOARD SHEET ON THIS ITEM FOR OUR REGULAR BOARD MEETING NEXT WEEK, AND WE WOULDN'T INCLUDE IT IN THE CONSENT AGENDA.

WE'LL PULL IT OUT, AND THEN YOU CAN SEE THE CHANGES WHEN WE GO.

THAT'S FINE, THAT'S FINE.

OKAY, MR. BOOKER? YES, SIR.

OKAY. THANK YOU.

WHY DON'T YOU CONTINUE? THE NEXT CONTRACT FOR YOUR CONSIDERATION IS THE INCREASE IN AWARD AMOUNT FOR THE SERVING LINE REPLACEMENT FOR STUDENT NUTRITIONAL SERVICES.

CONTRACT 5120 2-02.

IT'S THIS FIRST THREE OF ANNUAL RENEWABLE OPTIONS.

THEY ARE INCREASING THE.

THEY'VE BEEN DOING SOME SERVING LINE MODIFICATIONS AT ALL OF OUR ELEMENTARY SCHOOLS.

THIS IS TO CONTINUE THAT PROCESS TO CONTINUE TO CORRECT THE SERVING LINES OR MODIFY THE SERVING LINES AT ALL OF OUR ELEMENTARY SCHOOLS.

THE INCREASE THEY'RE REQUESTING IS 3.5 MILLION, WHICH WOULD MAKE THE NEW NOT TO EXCEED AMOUNT THAT WOULD BE PAID OUT OF FUND.

TWO 44,750,000.

MR. BOOKER, LET ME INTERRUPT YOU JUST A SECOND.

I'M LOOKING AT MY BOOK.

WHAT WE JUST COVERED WAS PAGE 51.

THE NUMBERS AS DISCUSSED, OUR NEXT PAGE IS PAGE 52.

AND IT IS ANOTHER INCREASE FOR MUSICAL INSTRUMENTS AND SUPPLIES.

ARE WE OFF TRACK ON OUR PAGES HERE SOMEWHERE, OR DID I MISS SOMETHING? NO, SIR. THERE ARE.

THERE WERE TWO DIFFERENT CONTRACTS FOR MUSICAL INSTRUMENT REPAIRS.

YOU KNOW. OKAY, SO EARLIER WHEN YOU WERE TALKING ABOUT A HALF MILLION DOLLAR INCREASE, YOU WERE TALKING ABOUT PAGE 52.

NOT PAGE 51.

IS THAT WHAT YOU'RE SAYING? YES, SIR. I JUST I DON'T THINK WE REALLY COVERED PAGE 52.

I THINK WE WERE THE BOARD OR THE COMMITTEE ANYWAY, WAS FOCUSED ON PAGE 51 PREVIOUSLY.

SO WHY DON'T WE GO NOW TO PAGE 52, RIGHT.

AND RECOVER THAT ISSUE SO THAT IT'S RECORDED PROPERLY? YES, SIR. THAT WILL MOVE AND THEN WE'LL MOVE TO THE NEXT ONE.

THANK YOU. YES, SIR. THAT CONTRACT IS THAT ONCE AGAIN WE HAD TWO DIFFERENT MUSICAL INSTRUMENT CONTRACTS.

THE ONE WE'RE REFERRING TO NOW IS THREE 4520 DASH ZERO ONE.

THAT ORIGINAL AMOUNT WAS 101,000,002 35, WHICH IS INCREASING $500,000, WHICH WOULD MAKE THE NEW NOT TO EXCEED AMOUNT $1,735,000, WHICH IS PAID OUT OF THAT FUND.

651 OKAY, WE GOT THAT BOARD.

OKAY. THEY MOVED TO THAT, THE ONE I INTERRUPTED YOU WITH.

THIS IS THE ELEMENTARY SERVING LINE, ONCE AGAIN, THAT'S UTILIZED BY OUR STUDENT NUTRITIONAL SERVICES TO CONTINUE MODIFYING ELEMENTARY SERVING LINES THROUGHOUT THE DISTRICT. THAT AMOUNT IS 4 MILLION, OR THEY'RE ASKING FOR AN INCREASE OF 3,500,000, WITH A NOT TO EXCEED AMOUNT OF $4,750,000.

THAT WOULD BE PAID OUT OF FUND 240.

THE NEXT CONTRACT FOR YOUR APPROVAL IS AN INCREASE IN AWARD FOR VIDEO STREAMING SERVICES.

THIS THIS AMOUNT THIS INCREASE IS BEING PROVIDED BY CARAHSOFT TECHNOLOGY TO PROVIDE SOME UPDATES TO THE VIDEO STREAMING.

FOR THE BOARDROOM, THE INCREASE AMOUNT IS $20,000, WHICH WOULD MAKE THE NEW NOT TO EXCEED AMOUNT $94,999 PAID OUT OF THE GENERAL FUND.

THE NEXT CONTRACT FOR YOUR CONSIDERATION IS FOR THE INCREASE IN AMOUNT FOR INSTRUCTIONAL MATERIALS AND RELATED SERVICES.

THE SCHOOL SPECIALTY IS THE COMPANY THAT'S RECOMMENDED FOR AN INCREASE.

IT IS IN ITS SECOND YEAR FOR ANNUALLY RENEWABLE OPTIONS.

THE NOT TO EXCEED AMOUNT ORIGINALLY APPROVED BY THE BOARD WAS $525,000.

WE ESTIMATE ANOTHER $145,000 TO CONTINUE THE PURCHASING THROUGHOUT THE REST OF THE REMAINDER OF THIS SCHOOL YEAR, FOR THE NEW AWARD AMOUNT TO BE INCREASED TO $670,000 OUT OF THE GENERAL FUND.

THE NEXT CONTRACT FOR YOUR CONSIDERATION IS AN INCREASE FOR INSTRUCTIONAL MATERIALS AND SUPPLIES FOR MATH.

[00:30:04]

THIS IS AN INCREASE ITS IN ITS FIRST YEAR OF TWO ANNUAL RENEWABLE OPTIONS.

YOU'LL NOTICE THAT THIS IS FOR THE GRADES K-5.

THEIR INSTRUCTIONAL MATERIALS FOR MATH AND INSTRUCTION.

IT'S ALSO GOING TO BE FUNDED OUT OF 14 STATE TEXTBOOK FUNDS.

THE $1,350,000 IS TO PREPARE THE MATERIALS THAT WOULD BE READY FOR THE NEW SCHOOL YEAR.

THE NEXT CONTRACT FOR YOUR CONSIDERATION IS A INCREASE TO MCGRAW-HILL FOR TEXTBOOKS AND DIGITAL MATERIALS THAT AWARDED VENDOR IS MCGRAW-HILL. ONCE AGAIN, THAT'S AN INCREASE.

THAT MONEY WILL BE COMING FROM THE STATE TEXTBOOK FUNDS.

THAT'S A $6 MILLION, SIX $6,000,623.89, OR $3 MILLION AWARD, WITH AN INCREASE OF 6 MILLION $623,899 TO MAKE THE NEW NOT TO EXCEED AMOUNT $9,623,899.

ONCE AGAIN, THAT'S COMING OUT OF THE 14 STATE TEXTBOOK FUNDS, SO THAT WE WOULD HAVE THE MATERIALS FOR THE START OF THE NEXT SCHOOL YEAR.

MR. BOOKER. I MEAN, MR. GLICK. FOR MR. BOOKER. WE HAD A PRESENTATION RECENTLY ON THE NEW SCIENCE.

IS THIS WHAT THAT RELATES TO THE NEW SCIENCE TEXTBOOKS? WELL, THIS THIS PARTICULAR CONTRACT THAT WE'RE ADDRESSING IS FOR THE RESOURCES FOR SCIENCE INSTRUCTIONAL MATERIALS IN K-12.

YES. IS IS I BELIEVE IT WAS.

YES. YES. RIGHT.

OKAY. IT IS FOR SCIENCE.

YEAH. YES.

OKAY. DID DID.

MISS SCHMIDT IS AVAILABLE TO GO INTO MORE DETAIL IF YOU NEED THAT.

MR. GLICK, DO YOU NEED ANY MORE? OKAY, OKAY.

GO AHEAD, MR. BOOKER.

THE NEXT CONTRACT FOR CONSIDERATION IS AN INCREASE IN AWARD FOR OUR SUBSTITUTE EMPLOYEE MANAGEMENT PLAN.

THAT CONTRACT INCREASE THAT WE'RE RECOMMENDING THE VENDOR IS FRONTLINE TECHNOLOGIES.

WE'RE ASKING FOR A NOT TO EXCEED AMOUNT OF $80,000.

PRIOR TO THIS YEAR, THE CONTRACT WAS BELOW THE $75,000 THRESHOLD.

BUT THE INCREASE WOULD BRING UP THE NEW NOT TO EXCEED AMOUNT TO $80,000.

SO WE'RE REQUESTING JUST THE APPROVAL TO INCREASE TO CONTINUE TO USE THAT SOFTWARE.

THAT'S USED EXCLUSIVELY BY THE HUMAN RESOURCES DEPARTMENT.

THE NEXT CONTRACT WE HAVE FOR YOUR APPROVAL IS FOR THE SPECIAL EDUCATION SERVICES.

THERE'S A LIST OF COMPANIES THAT ARE BEING RECOGNIZED AND UTILIZED TO SUPPORT THE SPECIAL EDUCATION PROGRAM WITH DIFFERENT SPECIALTIES AND PSYCHOLOGISTS, PSYCHIATRISTS, WHEN THE NEED ARISES FOR THOSE SERVICES.

THE DISTRICT IS IT'S BEING COMPENSATED AND PAID FOR OUT OF 199 GENERAL FUND AND 220 FOR A LIST OF THE VENDORS THAT ARE GOING TO BE AND OR SERVICE PROVIDERS ARE LISTED ON EXHIBIT A THAT KNEW NOT TO EXCEED AMOUNT WOULD BE $1 MILLION.

TO CONTINUE TO SUPPORT THOSE PROGRAMS. THOSE ARE THE CONTRACTS THAT WE HAVE BEFORE YOU.

THANK YOU FOR GOING THROUGH THOSE.

THAT WAS A LOT.

COMMITTEE, ANY OTHER QUESTIONS? SO BOARD MEMBERS.

OKAY. THANK YOU. I THINK THAT WRAPS UP THE CONTRACTS.

IT TAKES US TO SECTION SIX.

SORRY. SECTION FIVE, WHICH IS EXECUTIVE SESSION.

[V. Executive Session]

DO WE HAVE A NEED FOR EXECUTIVE SESSION TODAY? DR. LOPEZ MR. GRIFFIN. ARE YOU AWARE OF ANY.

MONSIEUR? NO.

OKAY. IT'S 336.

[VI. Adjournment ]

I WOULD ACCEPT A MOTION TO ADJOURN.

ALL RIGHT. WE ARE ADJOURNED AT 336.

THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.