What I shared was my only my personal personal opinion as a beneficiary of this. So I I am do not want that I am not trying to influence any decision in here. So I just want to make that clear. But having been on the professional side of it uh in another school district that very very similar questions and concerns and and understandings and um >> so I think it's That's my big downfall. I'm just so against it. >> But you >> All right. Thank you. >> Thank you. >> All right. Thank you. get those answered for you. >> I would als I would also suggest that you know Linda's going to be here for a little bit with us. um uh le um Vanessa and myself and I don't see Dom but u we also have uh opportunity to answer some questions you might have um in full disclosure I'm also in that age where I'm getting ready to cash out my retirement or so um I have some thoughts not leaving >> all right so um Joel you want this group to get to consensus about doing this plan.
Uh here we have staff salary increase. That would be our brothers is give an increase so we can stay competitive. Whether that's possible this year or not, that's a different story I'll get to in a second. But that's one of our priorities. Obviously, we would like to see our facilities uh maintained. We did not um pass the bond obviously, so it becomes a little bit tighter, but we are um still working with SB. And so, as an example, we're doing some work on a roof at Simington right now. Some people may have complained to you about it, but um the issue with that more than anything else is there's a lot of work being done in the state. And if everybody was trying to do the work during two weeks of spring break and the uh four weeks at uh uh uh during the summer, there just not enough hours in the day to do that.
Are there any questions or any comments? >> Michael, I just um you want to just explain about the 750 again. Did you start off by that? I I didn't like where it comes from and and and >> so um when we went out to bond the public or when we went out to borrow for the public safety building or get authorization um one of the things that we did was uh look at essentially splitting what was the debt service payment for that. Um all of that debt service was authorized to be excluded. Um we chose um and said that we would carry essentially what added added up to half $750,000. Um we would carry that what they call inside the levy. So it wouldn't be like a a debt it wouldn't function as a debt exclusion. It would just function like it's as part of your tax base.
>> And if they don't require [laughter] It would really be two days if it's 170 nine because we got a waiver for one. >> I could just send a note cuz I once and I'm only speaking in my house. I would love to tell you that my child's going to come back Monday and Tuesday after getting his diploma. >> He's not going to no [clears throat] matter what I do. So, um, >> but some kids will and we this is a safe haven for kids for some children. they rely on this for safety, security, social. >> You know, one of the things, you know, yeah, >> one of the things to consider in that vein is that do we in in thinking about our families and talking about like when we start later in the school year? Are we ending on a Tuesday, do we then make it really difficult for our families to because you can't really get a full week of summer camp in that week, but now the kids have to be home for three additional day.
Um, we've had quite a few illnesses, not only with our students, but our staff as well. Um, we had a great success with our love of reading month. We want to thank all who participated and came to read to our classes. The students really enjoyed having visitors. And as far as our Ron Clark update, all the students have been assigned to houses. We are currently working with JOM to purchase new house shirts for our students. House points are awarded through class dojo and synergy. Um, teachers are expected to provide outside of the box instructional experiences that promote active student engagement as they majority of them did learn when we did visit Ron Clark. And additionally, we plan to reimplement the music in the cafeteria. We've just been really short staffed that we haven't been able to do those fun things in the cafeteria, whether it be in the morning or during lunchtime.
Okay. >> So, let me do a temperature check. Do we want to take a break first and then we'll come back and you guys can process everything you heard? >> Question. >> So, since this is going >> microphone, >> since this is going into a 403b, if the economy crashes, does that take away your money, too? >> No. So generally speaking, Ariel, how things work in these investment accounts is the company is on the hook for make just like with a bank, right? The company is on the hook for if you have money in an account, even though somewhere someone's using that money to invest, they have a legal guarantee to get you that money. The only thing that could cause you to not get that money is like a bank like almost how like a bank run would work where all the banks are out of money, no one has money anywhere, the entire economy is exploding.
So, you do it when you can get it. Harmon is supposed to start up coming out of uh spring break. Both those projects will take uh I think a couple months. Uh but so we're we're continuing to do the best we can with what we have the dollars that are available to us uh through the state. But uh the state just so you have an idea they will probably have allocated in the neighborhood. I think the governor's budget recommended about $250 million for facilities across the entire state uh just to maintain those facilities that are uh are being requested to be fixed in the state right now is 550 million. So something's going to have to give. Uh obviously we want to look at helping uh our students with any uh behavior issues, mental health uh discipline testing and curriculum and uh staff. Obviously the curriculum uh Dr.
So, what we're proposing doing is actually shifting that up to excluded debt, which would open up that $750,000 in capacity within the levy. >> Hopefully that explains it. >> Yeah. So, basically, we're we we used up $750,000 of operating budget dollars um on what could have been part of the excluded debt. Right. >> Correct. And if you look at the 2021 budget, um you'll see those figures, you know, basically to the penny um subtracted out. >> Okay. And like you said, so that will free up the our ability to use that 750 within our operating budget. >> Correct. >> Moving it. >> Just a followup to that question. So we're going to free up $750,000 so we can use it for other things. How does it impact our excluded debt or is it just we're not now paying? >> Yeah, I guess how is it how is it impacting our excluded debt?
Like I know that's That's secondary to like what we should consider, but >> we talk about it at the beginning of the school year having started school so late, right? So now, do we maybe consider Yes. Although 180 days is ideal because we don't want to be in school till July. Are we doing a disservice to our families that might >> I I think that a lot of families would coordinate with their neighbors uh with their extended families >> same as they do in the beginning of the year. >> Exactly. I would agree with What do you got? >> I don't know. I just >> I feel like if like what was just proposed would be okay, but I know about like for the um >> the little kids. >> Yeah, the little kids. I do. Yeah, that that does stay. >> Maybe we can coordinate like a National Honor Society and we'll babysit.
questions. >> Play the video. >> Any questions before the video? >> You can do the video. Okay. Arizona. What's my answer? What is that scary? ducks. How many s you must take up say now I lost every kid I like Irene Ivy I I and Jack and Jer really hard. Can I show you how I'm doing? Okay. X Y L P W L P R M S T Y K S P R V A N W S >> was there a little messed up. >> Do you want to sing it for me? >> All right, you guys can come.
Well, then yeah, you're screwed. But then we're probably also all scavenging for gasoline sides. >> Maybe I'm not understanding. I I have a 403b and my 403b does fluctuate with the stock market. So I know you said this is a tax deferred account, but you can potentially lose. >> Well, I think that's that's because your 403b is invested into the market. They said that they provide a 3.6% return on the 403b. So somewhere someone's money is invested in the market but again maybe you have to ask them but this type of investment account >> talk to your your person or whomever is uh working with you on your 403b about about this >> because it's just a retirement account. You can you can choose to invest your retirement account money into the market or not or you can just have it sit there, >> right?
Fountain presented just uh a few minutes ago and then our staff professional development what we're doing to try to help our teachers and some of that was part of the Wilson training. So those are our priorities. We try to get to them as best as we can but it's just dependent upon any number of different factors. So, normally what I bring to you in the past was, hey, here's option one, two, three, and four in terms of what we think we should project for our loss or our gain of kids. Uh, I don't think we have that um option this year. So, I'm not giving options. Um, we will build our budget on a loss of 68 ADM next year. That represents a loss of a million62752. So, a little over a million dollars. So before we start the gate out of the gate irrespective and what that is built on is based on a 2% increase from the state as mandated by statute but what I decided to put in is the applied economics projections for the next couple years and I'll tell you the reason I'm doing this is for a couple reasons.
>> So, >> if it is >> So, it's not impact that 750 is not on our excluded debt right now. It's being paid within the ley. >> I understand that. So, >> so we're now going to move it to excluded debt. >> Yeah. So, it would be it would be covered. we would raise it, you know, through the debt exclusion portion of the tax bill. And so trying to think of the best way >> because it's we said $750,000 a year to help pay off the building. >> So do we know what is left on the building and is that what are we adding that to that amount to excluded debt or are we just going to say we're adding $750,000 to excluded debt on an annual basis? essentially the latter. It's not it's not adding on to the total debt that needs to be paid.
I mean, even the board could if we had to. >> I'm the president of the National Honor Society. I mean, we're definitely >> We could probably Could we open the teachers are there? Could we open for >> monitoring? >> So, [laughter] >> oh, we could do all that. That's fine. I'm I'm confident you all will get that accomplished. Um, but asking a lot of questions just so we can have great conversation, right? What would be the impact if grad party or graduation were moved to like the 24th or 25th and we had it during that week? >> Graduation during the week. >> Yes. Um, so I think the biggest impact is the fact that it's an overnight event. >> Thank you. Yeah, that's why I'm asking. Yeah, good. Thank you. >> Over 100 volunteers. >> Yeah. >> Friday into Saturday was an option. Didn't you say Friday into Saturday?
Any questions from the board for primary support? >> If not, thank you, Miss Enrique Benson. >> Can I just add one thing? Love of reading doesn't stop in February. So, if you still want to come, you are more than welcome. >> Thank you. Thank you. >> It's all you. Come read us whenever. >> Good evening um board members and superintendent Diaz, um President Wendia and anyone who's listening. Um, I turned in my board report and do want to add that um, RCA has I mean it RCA is all day every day inside and outside in the classroom. Um, if you just look outside you can see is Bendy has taken over the campus literally. Um, you see their flag outside. If you were to walk into their cafeteria, it is completely green. And um they recently went through all the classrooms on their first day that they took over and with music, dancing, and it was on Facebook live.
Like I can tell you my amount hasn't changed. Whatever I got is still there. Um could I do something? Yes. But I just I'm I let it be and yeah. >> So basically we're giving them free money where they take it and they go into invest it. So then they make money off of it. They could be making trillions of or millions of dollars and all we will walk away with is 3.65%. >> That's all that's also how like Fidelity or any other investment account works. >> Yes. >> Okay. But you can get interest savings account. You can get >> but it's essentially free money and it saves the district. >> There is some savings account you can get up to 12%. >> Tell me where that savings account is. >> All right. All right. It's 9:30. Let's come back at 9:45. It's 9:31. So 14 minute break.
If we are at the 20% we're off the build the the the student loss by 208mm like we were this year next year that means our 60 is closer to 40. That means your 46 is closer to 20. That's not quite flat, but it's getting pretty close. You'll also see that the projections in 2829 and 2930 are gains. What I think we're doing is we're getting into the trough right now of some loss. I don't think we're going to see the hyperrowth like QC saw or Chandler in the old days, but you might see some steady growth that says if we rightsize this year, you can get through the next three years um based on the way we build the budget this year and based on the number of people we have in the district, we will be okay. And then if that path of of growth continues, then you make adjustments accordingly.
It's just how it that yearly payment gets paid and it equates to um less than a little less than $100 per year on the average tax bill. Now, it would be a tax increase relative to what people are seeing right now by that. I I think it's like $98. Um, the good news is, and the reason why it was proposed the way it is, if it was part of the operating override, that would grow at 2 and a.5% as part of the levy each year because it's part of a fixed debt service payment. It actually is not going to go up and eventually will go away. >> Do we have a forecast as to when that will go away? >> Uh, uh, 22 years, I believe, >> left. Yeah. 25 year. >> Yeah. >> Okay. So, >> I mean, it's a while, but it it does go away, >> right?
>> Yeah. If if we were to end on that 26th, take take that one day away and and have Friday off. Grab party Friday night. the 26th is an option. >> I defer to you because I know how much work goes into it. I've seen >> I think a Friday night could possibly work that day off the next day. Again, from what I've been told, it's just a matter of like gradation. Correct. >> People vacations, people's families are coming in. I think that's more >> the decision. amilies have parties that we get serious commitments and >> so how do how do we work that though because it would be full days 17 to 18 19th >> well >> kids and teachers would be in the building >> so but if if we did the we ended on the 23rd sorry if we did the 23rd would be the makeup Mhm.
They were giving out passing out reading responses like it was money. And then um our transportation also participated. So, thank you to Tim who came with all his all his green gear and the kids were very excited because they were able to see, hey, a drivers on in our classroom. So, they were very excited. Um but and our biggest uh event with the RCA is that we were in the parade and so um the students wore their shirts very proud and we um said our cheers and um promoted our houses and I think that's it. You want to see RCA? It's on our campus every day. And you can show the video. I also included a YouTube link. It's on the board docs. Not on the report. It's on the It's on the board docs though. >> Yeah. Looks like Bodoc opens the Canva. >> Well, on the links where that we sent to Ben on the tracker.