001good evening welcome wow that's welcome to the Gres Barlo March 5th supplemental budget hearing uh call to order and roll call in attendance myself Chris howt Holly regelman Vice chair Blake Peterson director David litic director Dr Myra Gomez director Shan faren director Dr Sean far's director we have a vacant phys absent is uh super interum super intendent John Cook um in attendance is Deputy superintendent Tracy Clinger uh we have one item on this budget hearing it is supplemental budget hearing and do we actually approve an agenda for this Sarah okay all right and so I'm going to turn this over let's see I'm G to turn over to Dennis CLE to give just a brief um overview of why we're doing this and uh so Dennis thank you chair members of the board um as
002you recall at the uh audit review that we had last month an item was identified as needing a change in how um our bond pre our Purge Bonds were stated uh again it has nothing to do with the amount of the bonds or issuing new bonds it was just how they were presented in the financial statements um the amount of the change is significant enough to require a supplemental hearing so we are before here today uh reviewing that and requesting that that uh hearing takes place so what we are here for then is the the budget hearing and public testimony it is not anything to do with our upcoming budget conversation that we will have going into next year as Mr Cay said this is strictly a moving on line of money to a different
003category per the recommendation of our audit uh that we just recently had so it looks like no one is here this evening for that but we will wait approximately 10 minutes Sarah do we have to wait 15 till 7 o'clock would be we're at that point already okay so we will be here I'm going to turn off my mic if someone shows up for that um that is what it is for there's no other public comment at this time except for the budget hearing so I'm going to turn off my microphone and just be here and if I didn't say already this will actually then the after we get the public testimony in the budget hearing then this item is in our regular business board meeting as an adoption item to approve the line item
004change and it does show it on the information where some of the money it was all put into purs and they wanted it split out into payments and interest that was the big difference so that will be on our agenda e e e okay yeah all right thank you this has been the supplemental budget hearing for the Gran bra Board of Education there be no one that was interested in doing testimony regarding the supplemental budget hearing it was a change up from a payment that was combined with interest according to our accountant they wanted that split into a payment and an interest line item there was no change in the budget no change in the number different way that it was being accounted for so we had to have a supplemental hearing we will be
005then um in our regular meeting we will adopt the change in our regular business meeting and so with that I'm going to call the supplemental budget hearing closed thank you