001calendar year okay all right all right we're live now okay I guess know it's working this will be for fiscal year 25 so this is this um this year's audit that won't take place until January or excuse me July and August of this upcoming new fiscal year FY 26 for the 25 fiscal year um the audit engagements there in front of you it represents about a 3.8% increase over last year's it's $888,000 for this year um this will be the last and final of the Esser dollars so it'll be still a single audit on that because it was up and over the the $750,000 threshold so hopefully um the auto engagement for the following year will not include Sesser in there maybe they might reduce the price a little bit for us or keep it
002even for you so but that's in there as well in the packet I know that's been a lot of extra work okay the audit so the audit um is technically due by the end of October October the 15th then you can file a 30-day extension to get you to the 15th of November and then a 60 but the state does not allow any more than 60 days so that's December the the 15th correct so we're working on the audit as we're actually ending the fiscal year um so we're usually kind of boots on the ground that month of July is really a heavy lift um so same with early August so but um typically they will have people out here on site um probably that third or fourth week there in August and um yeah
003there it's usually three or four days on site um then they come back about a month later ask any follow-up questions come back maybe another day or two on site and then a lot of it right now is kind of done electronically so we send them the backup the documentation everything else that they would need along the way okay so um this year we're also doing the oldb rollover which is every other year we do the rollover for the sensus data for our retirees that are imrf retirees that are still on the health insurance so that's got to be done every other year so that's happening this year as well and that's the benefit of having the consistency with the same firm is that they don't have to start over and start over with testing
004so it's been really it's gotten better okay they seem to have always done a they seem to have always done a good job they do a great job so okay all right annual investment report so yeah that's me as well so attached is the Bloom Township Trustees of school annual investment report for fiscal year ending 2024 um in there uh Rob Dr gry had put together a nice analysis of the investment and kind of uh Bloom Township's Treasures um investment strategy as well as returns along with historical returns um this year U Depending on time of year and uh investment duration um we saw anywhere between a four to 5% return on investment for our cash foldings there that's part of the liquid pool cach got that's about standard it's actually way above standard um
005like these last few years have been really decent on the returns if if you go back I remember days of you were lucky to get 10 basis points you know what I mean and if you found 25 you were doing really well um these last three or four years have been uh really helpful to some school districts that have uh you know fund balances obvious obviously to invest um they are down a little bit from their Peak last year but um you know they're still historically High okay oh next go okay okay yeah so right the musical uh instrument so yeah um last time we had spoken we're going to gol for bid for band musical instruments um we did go out to bid I'm actually uh really excited that we did go out to
006bid because I've not seen bids come back this competitive quite honestly uh we had four respondents to them um I want to say each one of the respondents at least bid on a minimally like 40 or 50% of the musical instruments and three out of the four bid almost 90% of them I want to say it was give or take about 90% of the musical instruments there um when compared to full list or retail um it was about 4 cents on the dollar that it came back at so I know we had talked about um possibly breaking this up over a couple years but at this point in time my recommendation is to do it all at once because I don't know what next year is going to yield or come back at so I
007know that's want to do them all yeah I think that's good idea yeah so with his savings could we maybe look at an orchestra next something for the new superintendent we'll wait on the new superintendent I think that'd be a great conversation all right yeah so like to see that though yeah supplement are they replacements for outdated instruments are they adding to the so Waldo has probably the most that are going to be added to their program um the other middle schools now keep in mind this is for the four middle schools and the high school the high school's obviously adding on to Broken instruments that could no longer be repaired so almost like a replacement for what they had before okay so it's not really an expansion of things I would say not really
008an expansion according to these guys they could help answer some of them since they went through yeah I see so but we have enough instruments for and the program still growing and everything well postco we've seen a dip in so before Co more families used to own smaller postco like postco we've seen that dip as well so we are providing the high school when I first got here we never used to provide those Foods compet also saxophones and now we're providing more of those as well so it it is a there is a dip in the families being able Tove so the school district trying to step into and I know the middle schooling that same and that's a change over the last five well good that's always a good program to support yes okay
009we need to make a motion or it's gonna go next time next time okay yeah 17 this is all for approval all right well that's good glad we're knocking that one off that's good okay and then we got a press policy here uh yes uh there's a press policy in there and just um to summarize the only change there is uh change in the legal reference and then The Talented renewal so uh yes talented is the um software platform that we've used since the 20156 school year to do all of our uh employee performance evaluations and so we are commanding a renewal for our talent de platform so we can continue to do those electronically and save all of our historical um performance evaluation Summit to evaluations and so forth okay okay and the SAS
010Vision program uh yes you have um to consider we do have um three students uh with low incidents disabilities that could be severe visual impairment hearing impairment or other intellectual disabilities which require uh more specialized Services these are students in outplaced facilities and we just require a signature from the board for an outplacement agreement and that will then subsequently um impact and allow them to bill us uh at the uh conclusion of the school year for these Services um if I could and just note since we did not have a meeting last month uh the talent Ted and the intergovernmental agreement will be on the agenda U for the full board meeting for Action this evening okay all right all right no problem okay Dr Ballard this one it's a little expensive which is I
011mean if we need it that's we got to do it but they bill us only if we use it right which uh when are you s Vision program those are for each individual student correct okay okay and does Medicaid pick up the price of that probably because it comes out of District funds but that's what I was asking and idea as well idea funds for those and because it's it's dictated by their IEP correct yeah yeah that's great other than that we have any any other business we want to bring up nope if not that concludes our meeting thanks okay ni said short and sweet