at girls uh basketball game. Wrestling is going on. Track is going on. You walk down to the the high school into the auditorium. You'll have play rehearsal going on. There's a fundraiser. I've been told that is going on at Port Briana tonight. So, if you're ever looking for something to do, there's always something to do at the camp schools. I I know that I believe there's a Valentine's thing at Cherbrook that that is coming up through the PTO or already had it and happened. There's just so many things and last week I had the opportunity to attend the prisons concert. What a great event that was and again it was packed as it always is. So I want to commend the students and then tomorrow night we have coral concert that that is happening. There's just so much going on in the community and the people that are online, e, even if you have younger kids, what a great opportunity to bring our younger kids to see the mentors of the middle school kids and the high school kids in in action.
Congratulations We now have board member comments. Board vice president Rodriguez Pena, >> I want to congratulate you for uh your hard work and dedication again also. And um you should be really proud of yourself because I'm sure proud of you and and you know you um can use that on your resume when you go to college if you're still interested in sports, right? Congratulations, Mia. Good job. Board Clerk Greer, I mean board clerk Ramos. >> Again, congratulations uh both to Priscilla and Charlotte. Um you know, keep doing what you're doing and uh wish you the best in the future and hopefully you can take it to the next level when you attend college, play sports there and represent us. Thank you. >> Member Greer. Yeah, I just want to highlight that the fact that this is this is I mean congratulations and and this isn't just MVP at at ISUsa, it's MVP across the the league.
>> Okay. We have a second. >> Second from Sylvian. All in favor say I. >> That appears to be unanimous. Okay. There are no business items today. Um, but we do have a superintendent here that's just dying to tell us about all the good things that are happening right now over and above the recognition that we got. >> Well, yes, a thank you. A lot of great things are happening in our district. Um, I I want to take a moment and thank everybody for all their hard work um for coming up to the work session today. There's been a lot of people put in a lot of manh hours assessing our campus and and helping us out with that. So, we want to thank them. In addition, I know last month we talked a little bit about RAIN uh getting the state student of the month and so I was able to attend that in person at the state board of ed.
So the calculation goes to 60. Cost us 12 more cents for 10 million. Okay. So the last one I think was 8.21 21 a month on that average. So now let's keep going. Let's go to the average valuation of a residential property again. Next page. Thank you. Doing a good job by the way. Keep going. And we're at $10.16. Couple dollars more a month for 10 million. Okay. So bear with me. >> Uh no, the same period of time but a larger amount. Um, yeah, goes for a little bit longer because I think we assumed a third sale out a little bit longer, but good good point. A fair point. Okay, now we'll do the 50 million. Now, remember, we're going to also share some numbers in here in a moment on the override, right? So, bear with me. This is the bond. So, we want eight bucks.
>> We did not overexpend our budget. >> We just haven't been paid. >> We just haven't received the tax revenue that covered the expenses of our budget. So when when we submit when we sub yes so when we submit our budget it says that we we can we can spend 5.7 million out of our >> that's what we are expected to receive between state aid and tax revenue >> but since we still are giving tax revenue back to the state because our tax rate is below the minimum qualifying tax rate everything that we receive has to come into So if you've got if you've got somebody who owns a giant plot of land and they are on the I'm paying my property taxes every five years that affects your your revenues. So you're going to see so and again we're just using the five-year plan as an example because some some people pay every year some people don't.
So there's a part on that report uh if they ended the year in their EOI and it's showing that they're at a certain percentage and then summer happens, we also want to know uh what the retention of that information is. So I don't mind sharing that as well. >> Thank you. >> You're welcome. So shifting gears to high school, things look a little bit different. Um at the high school, our teachers are responsible for teaching to the Arizona state standards in addition to the state test which is not Arizona State standards. It is the norm referenced ACT and ACT Aspire. So our high school teachers um get to wear uh extra hats and get to teach to both of those uh things. So what we have to do is we have to have diagnostic and evaluation of both to make sure that we are um adequately preparing our students for the next grade level the skills and to perform on the state assessment which is Norm referenced.
She jumps right in and leads games and centers, actively engaging students and supporting their learning. And the children genuinely love when she's present. Patty has a committed presence at our center for many years and has a strong passion for supporting our classrooms. As a former TE coach for our preschool curriculum, she brings a valuable insight and experience and her decision to enroll her grandson in our center reflects her confidence in our program. Patty consistently supports her grandson's classroom and makes a meaningful impact on both students and staff and we're very fortunate to have her a part of our school community. >> [groaning] >> So, Patty, who have you brought with you tonight? >> I brought my grandson, Atlas, and my husband and son and daughter-in-law. Thank you guys. >> Thank you. [applause and cheering] Congratulations. Can we have Miss Creall and Oliver Bashford join us tonight up here?
We won't know our employee health insurance rate increase for a month or two, but we know that health insurance gets more expensive each year, and we are setting aside a 14% potential increase in this expenditure plan. On a similar note, in our property casualty insurance, we've set aside $50,000 for a potential increase. In addition to that potential rate increase, we increased our cyber coverage from 1 million to three million at an additional cost of $38,000. We see that minor savings in the Arizona State Retirement System reduction. Um we also have included a contingency fund of $900,000 of M. This is a set aside amount to handle unforeseen positions and needs that arise after the budget adoption. Total fixed costs are just over $2 million. We've worked through the position needs for fiscal year 27. The positions are needed to address growth throughout the district, the opening of Alma Ferrell Innovation Academy, and investments in supports for student behavior, a total of almost $2.7 million in new positions.
Uh it's that time of year. We reviewed the close session meeting minutes for July of 25 through December 20, 2025. So, uh that'll be on for um approval for um next week. And that's it for my >> Does that constitute 18 months? Is that what that is here? >> 18 months. >> Yeah, I believe so. Yeah, we do this every year. >> Every year. Okay. >> And then that goes to business. >> Business. I >> did you have a presentation this evening? >> Yes. >> So, we've asked Mr. Okazinski to just give a brief update um to keep you involved on um some things that we might be coming up with um in the next few months life safety bond sale. Mr. Okazinski. >> Thank you Dr. Koganise. Uh President Brown, distinguished members of the board of education, uh good evening. Thank you. I'm here to speak uh hold a presentation on a discussion of a possible sale of life safety bonds.
I think the one thing um I I suppose if Mrs. Boon went and pulled a an expenditures report for 20 um five, you know, uh the 25 26 school year. Um because some things are on school years and some things are on calendar years, but I think the only thing that I know that went down was our insurance >> and that and that was like a shock. We're like, whoa, our insurance actually went down this year. U I know our our insurance um rep was was super happy to give me those numbers because the year before he wasn't super happy to give us those numbers. So, um, but you know, everything we know continues to go up. Um, you know, we know SEA1 impacts, um, you know, our our property taxes and and our, um, certified net assessed values. And so that's going to impact greatly our operations, our referendum and our debt service funds.
But we have tried to hire incredible staff members and I'm really really excited the direction that this district is going to and in. And you know, we all during budget season row in the the same direction and I'm very hopeful that we continue to do that. I am not perfect. Again, I'm speaking for myself. Um I've learned to sit on emails for 24 hours and I try to be respectful and I try to be respectful to people. And I I personally have reminded myself I can't let hate consume me. I can't let anger consume me. You can be angry at someone but still be respectful because you want them to do better. to be able to come back and have another conversation. So, I recognize that I have been through the five stages of grief this year. Um, but we have to work through that, all of us, and and be good for the kids and talk to each other and try to get better and continue to be better.
>> Motion to move. >> Second from the here. All um second any discussion call the vote show. >> Mr. Jones, >> yes. >> Mr. Mia, >> yes. >> Mr. Mercedes, >> yes. >> Mr. Tarbox, >> yes. >> Miss Ferris, >> yes. >> Miss Dler, >> I think. >> Mr. Hayden, >> yes. >> Okay. U Mr. Jones abstained to he was okay. Uh Jerry, can you give us the finance uh report cash um balance? I think you have two of them for us, don't you? >> Thank you. Yes, Mr. Hayden. >> I'm going to need two separate votes for that. >> I have November and December. So, let's start with November cash balance. Uh account balance was uh um 4,1661 194. We had deposits of 5.78 million. We transferred out 2.75 million to the MMDT account. Uh you see uh less the payroll amounts and uh the AP warrants.
It's just really exciting to to watch. And yesterday I had the opportunity to visit with our Cherry Brook friends. It always seems that right before a board of education meeting I'm at Cherburg Primary School and there there's just nothing better. You could go into every single classroom yesterday and the theme of what they're talking about within uh ELA is the same in every single classroom appropriate level but it was the same. And so I I got to commend what I saw at Cherrybrook yesterday. We do have a little bit of a break next week on Monday and Tuesday. We have our, as you you know, we have our board of education budget meeting this evening where I'll present and then we have our board of education budget workshops on the 24th and the 26th. We have another professional development and early release uh on March 3rd.
And so um we are just celebrating with you and uh congratulations >> board member Ariana. >> Your dedication and talent is is basically being displayed. You should be so proud of yourself because you are the one accomplishing this. So, congratulations. >> And I just want to say that congratulations. you know, we're so grateful for your all your hard work and um thank you for being here tonight and and there's nothing that um you know can be said tonight that we we the board here we want success for every student. So we are so appreciative when you go out there and you represent us and we definitely encourage you to keep going and pursue all your goals and dreams especially in the athletic um field if that's something that you're interested in. We're we want we're so proud of you. Thank you for being here tonight.
It was really cool. That was a really cool thing for Rain and her family to all be down there for that. So, that was that was a great and great representation of Blige. And then um you know, she was able to make some connections with some of the folks there who want to help her with scholarships and and help out with some other things. So, that was pretty exciting. After that, I got to go spend they had superintendence day at the capitol the next day. So, I got to go down and spend some quality time with our state legislate legislators and uh be introduced in the legislative session. And I got to know Representative Marshall and uh he seems really empathetic with our our cause here for public education. So, he's he's our local um uh local house of representative for area 7. So we were I was excited to make that connection.
10 bucks. I'm rounding now. Let's go to 50. We're going to make sure our contractors over here sharpen their pencil and make sure that those capital costs come down. Um, but uh let's see what that does. So, at 50, we're at 67. Okay. And then that applied to the average residential home is what? $1141. So 850, you know, 1050 1150ish range. So I guess $3 more a month if you go 50 million. Okay? And I'm not advocating any amount at this moment. Just trying to put into perspective this monthly cost which will be very important to your voters obviously. Okay. So all in all, all in all, not bad uh depending upon your perspective. So let me pause there and then we're going to kind of get into the override and some other factors. Was I able to walk you through that? Pretty good. Okay.
But once that year is closed, that tax revenue will roll into the following year. And so if he's like if somebody is five years behind in their tax revenue, these past four years are still going to show negative or you're going to see a giant bump in the revenues of the >> We're still going to get our money regardless. >> We're still going to get our money as x amount. Yes. We are if if it says we can spend 5.7 million, we can spend 5. >> And we can spend 5.3. >> Yes. >> So if you were looking at this for the year 2024, excluding 2025 hasn't occurred yet. We might be in the same position, the same ratio that we had more expenditures than revenue. >> No, because in 2024 we had more revenue than expenditures. But that was after all the revenue came in.
So on this slide you'll see um I know it's a little bit smaller to see but you'll see the 9th grade as the first four years and it's going to show longitudinal as you go down that's predictive of the ACT Aspire and then the next four lines is your 11th grade and that's predictive of the ACT. So what you can see very clearly with these color trends is that we are increasing our students um ability on the mathematics ACT and ACT Aspire. And I want to celebrate again because it's it's a a really great trend that we're seeing in Gilbert public schools is that even in our areas where students are typically minimally proficient, struggling students, our special education students tend to fall in that minimally proficient. And if you look at the trends that are happening there, that's even more exciting. And then on the right side, uh everything that I just explained is the same for our science category as well.
Way to go, Oliver. Congratulations. >> So this is our Oliver. He is more than deserving of this points of pride award. Through perseverance, determination, and hard work, Oliver has made incredible progress in a short period of time. Oliver consistently pushes himself to overcome challenges and does not give up when learning becomes difficult. He has developed meaningful friendships and navigates the playground independently and confidently advocates for himself. His kindness, positive attitude, sense of humor. Such sinches of humor. Um, and joyful personality brings warmth and laughter the classroom every day. Oliver's growth, resilience, and character truly exemplify the spirit of the points of pride award. Congratulations, Oliver. [applause] So, if you're with Oliver tonight, can you give us a wave? Oliver's family. [cheering] All right. >> And his sister helps as a middle school TA with us as well. >> Yeah. Congrats. [snorts] There you go, buddy.
Here is the expenditure summary with the available M and ongoing revenue of a little over 7 million. On the expenditures, we have the fixed costs we mentioned, 3% compensation increase for all staff and the new positions that bring our current expenditure plan to nearly 6.7 million with just under 400,000 remaining. And as a reminder, the expenditure plan does include $900,000 of contingency um to address unforeseen needs beyond this point in the planning process. >> Thank you. That concludes my presentation.