Um I think where we were in August is not where we are now. and the issues that were in our district that preceded August are still here as well minus huge amount of financial clarity. Um so whereas there have been a lot of information coming from many different directions I don't want to make rash decisions before we know we have a competent individual among the other resumeumés. So I know a lot of people are not happy with that. Um but decisions being made are not easily made and so yeah I do feel strongly about having a fifth person. I think the more people we interview the better off we are. And I guess my point wasn't that I'm upset with Al. My point was we only had two resumes. We had a one teeny tiny bit of time. We've got we've had these for a couple weeks.
I'm just going to avoid contact. Uh we we submitted a responsible budget and stayed true to it through the course of the year while also wisely utilizing commissioners network uh funds to enhance the professional development of our staff and resources we were able to make in in uh make available for students and wisely use those and forecast forward for that funding as well. And to that too, we've also in the course of this year made a responsible budget for next year utilizing commissioners network funds and also thinking about taking care and setting uh the mill for success moving forward without any like financial cliffs of what happens when that commissioner network ends. We're very mindful of doing things that are sustainable uh for the long term. That's great. For a learning environment and belonging as I mentioned we incorporated resiliency lessons or these proactive lessons.
Now, tariffs may may impact that because a lot of airsource heat pumps are coming from from Asia and there's some high tariffs that are being proposed or levied. Um and and I I think a lot of those are being manufactured um at least the cold climate ones um from outside the United States, maybe even in Canada. Um but um I from what I remember of his modeling, the upfront cost is not that big of an issue. The bigger issue is because natural gas prices are still quite low um compared to electric costs that um it's the operating costs that a lot of the developers are concerned with and they're concerned that they may be able to build a building that at least initially is something they can afford, but they're afraid of what the reputation will be of the building if the um utility costs are high.
I mean, new windows. It's not like we're we're spending the money on something that is not valuable, right? I mean, so it it's frustrating. Ultimately, I'm hoping that what Linda McMahon said is accurate, that there will be an opportunity to appeal to say, "Hey, we've already encumbered this money. We've already got 70% of the project done, and then we get, you know, the stay." And that's happened. We've seen we've seen federal policies come one day and the next day change. We've seen that. um that just recently happened with the health department stuff. If you were paying attention at this at the city level, they uh changed their mind on some some health funding. So, we're hoping that happens because we're hoping that people see that that these projects weren't for uh for wasteful things. They were for good things ultimately for teachers and kids. So, if you can walk me through the situation of this $1 million.
Eve did not do that. Um so they did not they allow debt to expire. So any new debt or any new bond referendum that we go for, we do not have the sales pitch of saying there's a net tax net zero tax impact. It would be a direct tax impact to the residents. And I do also want to also say if a bond does pass, we would qualify for roughly 40% for debt service aid. So the state will provide 40% debt service aid. So that that is a big number but again uh that's for qualifying projects and the referendum would still have to pass. So can you and you wouldn't start in 24 to 30 months. Correct. I just want to ask about the 40%. So if we need a 100 million worth of work we could get back 40 million. Yeah. So the district would assume or the taxpayers would assume 60 thou $60 million in your scenario.
So that was basically what she mentioned. If nothing else, thank you again so much for the time and we appreciate moving on with our agenda this evening. Number four is our barbecue land update. Mr. President Mia, members of the board, and members of the community, uh please help me welcome again um our principal for our primary school, Miss Enriquez, to be able to share um now our principal's report. Mr. Mr. Oh, sorry. I jump one. I apologize. Yeah. Yes. Please come, Miss Enriquez. Uh President, this is President Mia, members of the board. um Bubble Community Unified School District and all of the schools uh right now um their lease is expired and we are in the process of renewing the lease. Um for transparency purposes, we have provided all of the steps that we have taken uh through this chronology. Um and in summary, we are um in the final stages on our end to be able to um obtain the surveys um based on the cost of those surveys.
And then we would have about 1,500 um left over that the club would have to cover. And we we have sufficient funds to do that and continue all our endeavors from concession stands and our student store fundraiser. You make us proud. Are you going to Disneyland? Thank you. That's the plan for a day. After the competition or before? Uh right. Right in the middle in the middle of the competition. Several days. You know, we have a few days to compete and stuff. So there you go. Yeah. Any other questions? So could we have a motion then to accept item 3.3 out of state travel for the FBLA for June 28th through the July 3rd in Anaheim, California. So moved. Have a motion by Margaret, a second from Sylvian. All in favor say I. I. I. That also is unanimous. You need to come back in the fall and tell us all about that trip.
So the M portion is for all of us as administrators um for any of our transportation operations personnel, technology personnel, all those will be funded um out of M as most of our hourly workers. So um the total of ongoing is 5.13. We do need uh about a million dollars of one-time money, budget balance carry forward, possibly the Arizona State Retirement Prepaid that we still have sitting there growing. Um we left it kind of open because we wanted the flexibility to determine the best thing to do. So keep in mind that today, in just a year and a half, we've earned over $2.3 million in interest on that $20 million prepay in Arizona State Retirement. So, at that kind of a rate, we'd like to keep it in there as long as possible to continue to get that. But anyway, we'll we'll be sharing some of the details when we get into the budget proposed and the budget adoption.
I want to thank Miss Mary Tamez, the predecessor, and Miss Sandra Herd, the Mon assessor. They did they were not able to be in attendance this evening, but I did meet with them um to go over the presentation to kind of speak with uh the contents of it. And they said, you know, the most important thing is transparency.
Not. Oh, some heavy fighting going on out there. Yep. Heavy fighting. We might get it. We're Oh, what's going to be real close? We got their tank out. We got one more guy to knock out. We got him. We got one or Now there's no All right, there we go. That should move it. Now we're driving. There we go. So, we got another minute and a half, which is about the same Norwell had, but we didn't stop Norwell till the very end. But that was huge being able to So, we got this one. So, we got to the next point. So, now we go to the last. Again, we've got to get it to that yellow diamond to tie, which the time doesn't reset. It just keeps going. Yeah. It gives you gives you a little more time. I I don't know if it's 90 seconds.
We have 11 people. Why not? I know it's a ton of time and a ton of work. Daughter's having surgery tomorrow. God only knows where I'm going to be next week. But, you know, I I feel strongly about having five people in. And, you know, I've been hearing people want transparency. People want to change. And maybe we need someone, you know, maybe we need something different. So, this would be a little bit different. Anybody else? There's a motion on the table. One could amend the emotion if one wanted. We could add someone. Just throwing it out. So, I just I'm just going to add my two cents. If we're adding someone because we think they're going to be beneficial to our district, that's one thing. If we're adding it because we think that's what everybody thinks we should do, but it's really a waste of their time and our time.
One of the things that we have invested in for years in Canada is the idea of resiliency particularly at the middle school in a partnership with the Farmington Health District. Um they have a program called resiliency grows here. They were teaching it before the pandemic. They were coming here and instruct and teaching it. We've worked in great partnership with them namely Justine Ginsburg who's an amazing resource. We're so lucky to have her in in this uh in this area. She's partnered with us so that we can become the teachers and facilitators of those lessons and is basically presenting to students in a proactive way some of those real life conversations of what you need to deal with the stress of school and life and and self and and wellness. Um so to help uh foster that in that um that positive learning environment we are using advisory time to teach those lessons.
And that's something that um maybe in fact I probably should have thought of inviting him to this meeting so he could comment on it. Although that may be going down a rabbit hole. I just wanted to capture that point because if if we're thinking of offering any kind of incentives going forward, you know, that have anything to do with money um or height or anything like that, we really want to make sure that we're providing them when they're really needed. Yeah, Commissioner Overpek. I think you're on mute. Yeah. Okay. Um, I guess the assumption there, John, is that the houses the these buildings are so energy efficient that the air source heat pump will work cuz my understanding is they're going to have a little trouble if we when we get really cold temperatures still. And um the second question I have that's related to that is there isn't should we be thinking about an incentive uh that makes it easier to do geothermal.
So we have these projects already 70% completed. They come back and they say this this money we don't have for you anymore. It's gone. Do we then not pay the vendors and then we're just taking it to court in federal level? Are we paying the vendors and then somehow figuring things out in the meantime? Like what would be the process of that? That would be something that we'd have to discuss in executive session for just legal purposes. It could Mr. Shout I was just going to say that Mr. Kov, I think it's a discussion worthy of having. I think it might need to be a discussion in executive for legal advice Mark if in case and we might want to get the advice of our attorney and then when we get that advice if if our attorney advises us that it should be for public discussion I think we should do that but in the event we're going to do anything that might cause us litigation I would suggest we discuss that in executive session and then my other question was around so we were talking about this this shortfall here shortfall here like you said around $20 million that's already assuming We go to a 2% budget that already has wish lists cussed out of it.
I see. Okay. And um yeah, because my my fear here is for some reason I sound so loud that we do this and then it's not enough and then in two years, three years, four years, you're going to come and say that we need to do not, you know, nothing personal against you, but that's my role. I understand what you're saying that we need now to go for this construction bond. I feel like there's no this is Yeah. And that's also it's a good point, Mrs. know that this is no guarantee that this district won't need a bond referendum, right? We rely on the advice of our professionals. It wouldn't come from me. It'd come maybe through me by way of our professionals, but um we certainly rely on the advice of those professionals. If we're uh even with this unable to really tackle some of these major infrastructure needs that this district has, yeah, there there might be a need for a bond referendum.
we needed to get multiple um quotes um and at this point um it is a matter of now uh we have se we have the last quote I believe I have it right please confirm Mr. Zabala. To our knowledge, we are towards the end. Uh, but nevertheless, we still uh trying to comply with all of the uh requ uh requirements to be able to provide um the the lease department um with all of the um documentation um so we can proceed with the next steps once we submit the package.
Sounds good. I don't care. He needs to come back. We're not going to let him graduate. Sounds good. Thank you. I so enjoy when you come in and stand before us and talk because it's like talking to one of the principles. It It is amazing. Thank you. And remember, you guys can't graduate if you leave. [Laughter] I'm okay. You can leave. You can leave. All right. Okay. Item 3.4. Four. Dr. Wright, would you like to talk to this? Yes. Just before the board considers these contracts for approval, I wanted to note that uh Mrs. Butler is here. Kyla, could you stand please real quick? She's our new elementary school principal. Dr. Chris Johnson. And Dr. Chris Johnson at the junior high. Congratulations to both. Mr. Ryan Graces, you know, is going to be our principal next year at the high school. So all three of these are the principal contracts upon which you're considering.
Well, and also, uh, this group is very good at pinching pennies. So at the end of the year, although we project we might need a million dollars from the budget balance carry forward to balance the budget when we close all the books out, it usually is that we don't have to use that money that we've been able to. Well, that's true because even in the current year, partly due to that, but also because we beat the bogey and we actually only lost about a,000 um ADM instead of 1,200. We didn't have to move the $2 million out of district additional assistance into M. So, we were able to fix that as well. So, yeah, but we have to start the year with a balanced budget, right? We can't assume anything and so we're just trying to be as conservative as as possible.
So I provided their email addresses in case anyone watching this or viewing a presentation has any questions regarding the equaliz assessed value of their homes. Um and it's pleasure working with them on many occasions. Uh usually great coming to the meetings. It's just they had conflicting appointments this evening and as Dr. Cara alluded to. So without any further ado, I'm going to uh show you guys a video that will be available and pushed out VR communication to help the public understand uh how the tax bill is calculated. [Music] Have you ever looked at your property tax bill and felt overwhelmed by all the numbers and terms? Well, you're not alone. That's why we at the Creep Mooney 2011U School District created this short video to break it all down in a simple way. By the end, you'll have a clear understanding of what goes into calculating your tax bill.
Kind of like soccer. Yeah. When it's done, it's not You never know how much time you got. You just keep going. Yep. All right. All right. What now? What are we throwing there? We're throwing We're throwing some like shoot ninja stars. Yes. This is the ninja character. Yeah. Oh, I like that. Is that there? Throwing that. Yep. That's the Gavlon. Get that done. So, we're doing a great job right now. We've got Yeah, that thing's Where's that big ugly dude? The big ugly dude. If we can get him knocked down here, which we just did. Oh, it's going to be close. We got 40 about 45. I can hear him talking over in the other room. We're getting close. I mean, right there. Be real close, but Oh, I got it. Nice. Well done. Good job. Well done, Cyber Tigers. Well done. Fish blow to Lazy Soul, Gavalon, Blue Jay.