001All right. Good morning. I call this meeting of the Bastrop Independent School District to order, that the records show that a quorum of board members is present, and that this meeting has been duly called, and that the notice of this meeting has been posted in accordance with the Texas Open Meetings Act, Texas Government Code Chapter 551. At this time, we'll move into open forum. The board welcomes comments from district citizens and employees, individuals, or group representatives who have signed up may speak focused on public education and topics. Please note the board cannot discuss or act upon issues not listed on the agenda. The purpose for open forum is to gather input only. Agenda related issues will be addressed at the appropriate time. And we do have one speaker. Carter, will you please come on up?
002You have three minutes. [Music] to you to simply say that I understand that and I understand that you have the ability to appoint of the next election to watch that process. Always watch that process. [Music] The other thing is that I want you to all want to know your for anybody that comes into the position of um the end of the next election. I want to know that um there there is a person that we have vetted already and he came shy of 54 months. I don't know what the total was but I understand that he was short 54 months. So we have the people of the we have and I really like all to to consider and that is um and that that he could sit in that position until the next election of
003course he would probably have to run again because it is not a second this is a temporary position. I would like to know that also or is it uh a position that will uh continue through the election of next year. So, those are the things that I just wanted to bring to. Thank you, Miss Carter. Uh, we do have your contact information here and we will be following up with you. We're unable to uh answer any of those questions uh during this called meeting. Thank you. All right, moving along. We will now go into close session. It is 8:33 a.m. and the board will now convene into a closed meeting session to discuss the following items as allowed by de government access government code 551.074 personnel matters and government code 551.072 real property. No voting
004will take place in the closed meeting. Any action the board wishes to take as a result of discussion in the closed session will take place after the board reconvenes in this room uh in an open meeting. Uh we will now go to uh superintendent's conference room for our closed meeting. All right, the uh time is now uh 9:18 and the board will now uh reconvene into open session. Uh the Bassrop ISD board of trustees received notification and retirement letter from Mr. Billy Moore. At this time, our vice president, Chris Dylan, will share the letter with the community. Dear President Muinkink and Bastrop ISD board of trustees, please accept this letter as formal notification of my retirement from place three on the Bastrop Independent School Board of Trustees effective June 11th, 2025. A major change in
005my self-employment priorities has led to the necessity of this action and I will no longer be able to dedicate the level of commitment or concentration that the job of BISD trustee deserves. Being a BISD trustee has been a most rewarding pursuit in my life along with the opportunity to work with such an outstanding group of highly motivated, skilled and dedicated professionals, the teachers, staff and employees of BISD. An even greater reward comes from seeing the work and progress and sharing the successes and challenges of our amazing students. Every time I see a student in the community, I am reminded of the responsibility and hard work that goes into providing the best, safest, and most beneficial learning and living environment that is of such paramount importance in their lives. During the 11 years of my tenure
006on the board, I am honored to have been involved in establishing a district police force while constantly enhancing safety at all district facilities, supporting the establishment of the Colorado River Collegiate Academy Early College High School, participating in a successful superintendent hiring process while continually reviewing schools in their academic performance, navigating the district through the COVID pandemic, overseeing and supporting the approval of two major bond elections, which providing resources to build four new elementary schools, make improvements and upgrades to every campus, and realign grade levels to more effectively use existing structures to accommodate Bassrop's rapid and continuing growth, adopting budgets and financial practices, continuing the district's exemplary record in transparency and fiscal accountability and increasing public engagement through the citizens advisory task force initiative and relationship building. I also served as board president and vice president
007and have had the privilege to visit the district's campuses and facilities on multiple occasions to show local business and community support for the teachers and staff of BISD through volunteering for the Bastrop Chamber of Commerce's education committees we believe in BISD initiative. Finally, I've had great joy of visiting our schools, interacting with and reading to eager young leaders, judging countless science fair exhibits, and having the privilege of sharing in the successes of BISD students and teachers in the awards, recognitions, and graduations of which I've been a part. In closing, I would like to recommend appointing Josh Koi as my replacement for the trustee 3 position. He is a proud fifth generation resident of Bastrop, deeply rooted in the community he calls home. He has dedicated 14 years to education with 12 of those with Bastrop
008ISD before transitioning into a role in business and community development with Bubon Electric Co-op where he spent three years fostering local growth and connection. Josh has a strong passion for community service having volunteered and served in numerous leadership roles. These include positions on the board of directors for the Colony Municipal Utility District number 1C, the Bastrop Chamber of Commerce ambassadors, the Governmental Affairs Committee, and the Chambers Board of Directors. He also served on both citizens advisory task force processes that led to the passage of two bonds for Bassrop ISD for building new schools and refurbishing the other campuses to accommodate Bassrop's rapid growth. Currently, he also serves on the executive committee for Bassrop Sportsmans, an organization that raises funds to support grants through the Bastrop Education Foundation. He is the current VP of treasury management
009for First National Bank of Bassrop. A lifelong sports enthusiast, Josh especially enjoys baseball and cheering on his children, Laney and Joey, in their athletic pursuits. He and his wife Angela have been happily married for 20 years. In closing, I again want to state the honor it has been to serve on this board as a trustee representing our ultimate stakeholders, the children of Bastrop. I have a strong belief in the board of trustees and BISD and know that the perseverance, work, and dedication of those two forces working together guarantee the success of BISD students. Again, thank you for this honor. Sincerely, Billy Moore. Thank you, Mr. Dylan, for reading that. Get the microphone. As we move as we move forward, we also want to take a moment to recognize how much Mr. Moore will be missed.
010His steady leadership, timeless dedication, and unwavering support to our students and staff have left a lasting impact on both the district and the community. We are deeply grateful for his years of service and the legacy he leaves behind. At this time, I will entertain a motion to accept the letter of retirement. Well, as much as it saddens me, um, President Mun, I move to accept the letter of retirement, uh, for Billy Moore, school board, school board super, uh, sorry, trustee Bastrop, place three as presented. Have a motion, a second. Any discussion? All in favor say I. I. Any opposed? Motion carries. This time we will consider approval of appointment uh to the position of the board of trustees. President we have about 180 days to res um in this matter. Mr. Moore not only expressed
011deep uh gratitude for the opportunity to serve, but he also recommended Josh Koi as his replacement. After reviewing Mr. Koi's qualification and considering this recommendation, the board recognizes Mr. Koi's long-lasting uh connection to the Bach community and his wellrespected record of service. Therefore, at this time, I move to appoint the position of the board of trustees place three for Bashrop ISD to Mr. Josh Koy as presented. We have a second. Any discussion? There is no discussion. All in favor say I. Any opposed? I oppose, Mr. President. And I'm opposing the appointment process. Um I oppose the process of a call on Saturday, Sunday afternoon. me of the resation and that someone was already identified. I also kind of uh opposed the process that this uh it was known on June 7th that this candidate was
012was already saying that he was going to build a position. Um, as we discussed, I would prefer to have the policy that we be more open for the public and uh, it was my understanding that there was candidates. I would like to know the process. Uh, I oppose the process that I don't know who vetted them and selected Josh. But in conclusion, Josh, I congratulate you. I welcome you to the board wherever you are because I'm I do not know who you are. Okay. I welcome you and I congratulate you and I do look forward to working with you. But I I do approach the process. Noted. U motion carries. Congratulations Josh. Welcome to the board. At this time, uh, we are honored to have Judge Pentescu here to administer, uh, administrate the oath of
013office to, uh, Mr. Koi and myself since I was absent in the May meeting. Mr. Eye. Judge. Yes. I will faithfully execute. I will faithfully execute the office of the state of Texas. and the best of my ability to protect the Constitution of the United States of the United States and of this state and of this helping that I will faithfully execute. I will faithfully execute the duties of the office of the office of school boardust. Josh seat right there beside Trusty Ree. Uh we sign right now. Sure, please. Welcome to the fire. Thank you, Judge Esie. Thank you for taking your time and coming out this morning. All right, at this time, welcome, Josh. Um, you do have the ability to or authority to vote now. Okay. And so we do have uh one
014more uh action item and that's to reorganize u I took a picture. Yeah. What were you taking a picture of the documents? Yeah. Point port point of order. Uh Chief Bunch, can you see what picture has been taken, please? Or officer. Actually, no. disruption. All right, officer news, we're fine. Thank you. We'll continue to move forward here. All right. This time we we will reorganize the board uh leadership uh positions and uh after each election and uh qualifications of board members, the members of the board shall reorganized by selecting a president, vice president, and secretary. I will entertain a motion for board leadership position. I move to approve the board leadership positions remain the same as organized for the 2025 2026 school year as follows. President Ashley Muent, Vice President Chris Dylan, and Secretary Kelly
015Sez as presented. Second. All right. Motion in a second. Any discussion? All in favor say I. I. Any opposed? Our motion carries. Any objections to adjourning this meeting. If there are none, meeting adjourned. Thank you. Uh we will be going right into uh agenda. All righty. Good to see everybody. Uh I call this uh meeting to order. Uh this is our uh uh agenda review meeting and uh the following agenda items are presented for discussion and consideration uh for submission on the agenda for the regular board meeting to be held Tuesday, June 17, 2025. No action will be taken at this meeting. All right. Um and so um I've called this meeting to order. Let the record show that a quorum of board members is present at this meeting has been duly called and that
016a notice of this meeting has been posted in accordance with the Texas Open Meetings Act, Texas Government Code Chapter 551. At this time, Mr. Superintendent Edwards, would you please take us through our agenda? Yes, I'd be glad to. Um, all of you have a copy of the proposed agenda for Tuesday evening. Um, as you can see, we'll start with the pledge, the regular um um starting items. We will not have a student speaker. Uh, they're on summer vacation, y'all. We thought it'd be a good idea for them to enjoy their time for summer. So, we won't have a character speaker. I know you all are broken up about it, but um they won't be here. We'll do some recognition that we weren't able to do during the uh final um recognition in May. Um and
017of course, we'll go through our open forum as as required. Um the next thing that we will do is we will have a public hearing on our proposed application for the optional flexible school day program. And if you'll recall, this is an application that we submit for Genesis High School and it gives us the opportunity to have a flexible schedule for the students so that we meet their needs um so they don't have a traditional school day. And so, as you know, it's wildly successful. You saw the graduations. We graduated hundreds of kids. So, uh we're going to we'll bring that uh with a report of last year's um success and then consider a new application. So, what's what's their flexible. I mean, they kind of go as they please or I'll ask Raina. She's
018here. She's She'll be presenting it that evening, but can you hear me? Hello. Um, so flexible means they have to be there at least 45 minutes a day. Their reporting time is 8:30 to 4. They come in, they work on their computer. We um we are able to see exactly how much time they are spending per day uh based in our egeneuity program which is the online program they work to complete their credits for 45 minutes that's the minimum most of them are there much longer they're they're working to complete their credits so that they can graduate is it a Monday through Friday yes ma'am okay Monday through Friday make it up on the weekend or or anything they must be present to work on their uh coursework high schools. This serves all the high
019school students in our entire district. We just keep them on one campus. Genesis. Yeah. Everyone has the option to do that if they're if they're struggling to get their credits. They have to be struggling though. Correct. Someone who is there a work program then? Do we have a I'm going to ask. I figured I could just ask. So, um we have a work program, but those are at our comprehensive high schools. Genesis is specifically for those students who are at risk of graduating or or losing credits due to attendance or lack of earning the credits. So our goal there is to en ensure that we graduate our students and give them this flexible option to do so. And sometimes they're doing it the last day of school so they can graduate. Yes. Another president. Gateway
020though doesn't Gateway is not an option of flexibility. Flex. No ma'am. They they are there 8 to three or whatever it is. Okay. Okay. You're welcome. And then next on our agenda, we'll have a public hearing on our budget. Um, and uh, we will approve the budget. And what I'm going to do today is I'm going to have Mike as a kind of a budget workshop. I'm going to have him go through this presentation with you so that we can have uh, answer any questions that you have in advance of the the vote on Tuesday. Okay? and he'll present it again on Tuesday. All right. I will say while he's getting ready, we're we're really pleased with this uh budget. We were able to bring back the things that we talked to the school board
021last year about with the budget cuts. Yes, it was a tough year and we we all understand that, but we're really pleased uh at what we were able to do with the money available. So, Mike, thanks, sir. Can we interrupt you or are you going to wait? Okay. No, no. I I would prefer as we go that and that that way I can keep it straight. So, all right. So, we're going to kind of get into our um budget presentation for 2526. Um as you guys know, I've been monthly um on legislative updates um the legislative year. This is kind of a high level summary mostly those things that affect um public ed. Um of course, House Bill 2 passed has been signed I think uh last week. $8.5 billion in increased funding. uh the
022line share of that being uh teacher raises. That was a priority for for the governor and uh the legislative legislative session. So $1.2 billion set aside for um insurance, utilities, and TRS contributions to kind of address the you know those other costs that that districts have been challenged with. 2 billion for special 30 million which is about doubling the aotment uh of funding for school safety. So, um, even though school finance has been signed, the governor does have until the 22nd to sign or veto bills. That's really the last last stop there. Just wanted to give some perspective. Those numbers seem, you know, significant on a at a statewide level. Um, but just kind of understand that um it's a it's an issue where our needs still exceed our resources. I mean, just I wanted
023to to show you what it looked like for three key areas. Uh, so safety. So they doubled the safety aotment uh statewide. So that's about 786,000 for us. But we currently spend about $3 million proposed in this budget. education's gone up to about 14.5 million but the general fund we spent over 17 million if you'll recall one of the concerns in session was non-teer raises we're prop just right quick on safety uh Uh, are we still within our our goals on the budget and adding so many officers a year and is that still in play or is there a plan for the additional money or just I know we spend 3 million. We will talk about some expansions in in school safety in in a little while. um that uh and of course pay raises
024for all categories, those kind of I think I don't want to speak for Chief, but I think we're we're on target, you know, continuing to expand our our um department and and um it's obviously a major commitment at $3 million for us. Um it was over 2 million um two and a half this year um when the allotment was only 364,000. So, so Mike, the the the the balance, the remaining balance, that's something that we from the local sources would make up the difference. Yes, ma'am. Is that what that is? Yeah, this is um I mean there are special ed uh federal grant funds, but those that's separate. Um but yes, all safeties in the general fund and all the raises we're talking about are are coming out of our money that we get from
025growth and of course any of the new money. So this and it is amazing. uh what the state mandates and what they fund and what it does cost us. Right. So, every school district is working through that process, sir. All right. So, um just wanted to give a little bit of details. We've talked about it, but um the the Senate's version of of of House Bill 2, which focused only on teachers in this case, um with with the uh 2,00 500 and the 5,000, that's designated for teachers that for next year have three or four years of experience or five and above. So, um, you know, so new teachers 012 for next year, not not addressed. And librarians and counselors, which the House version had those in there. I'll say there's there's three items here.
026I listed of questions still to be answered, but I could list a hundred. Um, we're all asking ourselves all the same questions. Um, what is a teacher when you say $5,000 for a teacher? Well, um that you know is that as defined by PS is that a is that a certified teacher? Is that u is that somebody acting in a teacher role? Um all kinds of things part-time. Um so uh hopefully that guidance will be released um in coming days. I've been told this week um or shortly. So how are we going to report that? So anytime they give you money for specific, you know, like that sped money we talked about um there typically there's reporting on it. there's a there's you know there's some method to um how those funds are distributed and
027accounted for and then reported on and then audited. So none of those details have been shared. So we have no idea how it's going to come to us, how we're going to track it or how we're going to get the money. So um and there's historically there's been several different ways TA has done it. And then you know currently they have let's say they think we're going to have about 500 teachers with 5 years or more experience. Well teachers come and go. What if it's 490 or 510, right? Cuz the number is going to change today. It's probably changing, right? Well, how are we going to settle that up? Anything they give us is typically a projection with a settle up later um to the true count like just like with students. So, those again,
028I could go on and on, but um a number of questions that we need answers to. Yes, ma'am. You probably saw my face. Um okay. Do you think the state will leave it up to each district to to define what a teacher is? I mean, no, they they couldn't. Um, that's not typically how they operate. Um, there's got to be something very specifically um, you know, typically an FAQ or some sort of guidance will come out anytime anytime they make a change like this because there's also accountability for for us to adhere to the the new law. So, um, the only way we can do that is if we know the rules that we have to abide by. Don't we have rules right now on defining what teacher is? Do you do you expect them
029to change? I don't expect them to. We we we all think we know what they're going to do, but until they release the guidance. Um, we don't know. And so, you might have a what we don't want is a teacher that assumes they're going to get it and they, you know, then TA defines it and then they don't qualify. So um because if we don't get the funds, we can't give them the funds. So just a lot to be determined. So I just want you to know at this the timing of this meeting, maybe by next week I'll know more. Um and of course I'll update the board as we know more. So and you and you said that the nurses, librarians, and counselors, those are going to have to be paid by local funds.
030Is that did I understand that correctly? Yes, ma'am. Uh I the reason I say that is because the House version, you know, typically those historically those categories have kind of been treated together because oftent times they're paid on the teacher scale. Well, um the Senate didn't have that, you know, that model in mind. They wanted to focus on teachers. So um we're paying for those categories. Um we're not getting the subsidy on those. We're not getting the 25 and 5,000. Try to not do my facial expression. Your face can do whatever. That's okay. Just be happy about some money. Yeah. What do you mean? Okay. Yeah, sorry. Thank you. So, lots of questions there um to be answered in coming days. These are some other bills um that made it across the finish line. You've
031probably heard about the homestead exemption increase that of course is pending um voter approval in November. Sure to sure to be approved. I I I don't think anybody would vote against. Um so, just like when they did that before going from u 25 to 40 to 100 I think it was. um that'll come out later after November. We'll have to get new evaluation reports from the from the CAD. We'll um you know that'll all kind of shake out in the formula. So um again, I'll update you as we go along. HP9 was interesting because um it it increases the BPP exemption to 250,000 u for that category. For some districts, that almost makes the whole category almost exempt. So, um, again, they're funding that to give some relief because those business owners haven't been really
032seeing the the taxpayer relief that the homeowners have. So, um, that was important to them and, um, you know, uh, again, I think just like with SB4, I don't think we're going to be impacted, but, um, it will make things a little interesting this year. Is that that redention report? I probably mispronounced it. Is that that red report that they're that they're talking about, the business personal property exemption? because I know that's as a business owner we have to submit a a a report to the county and this is the assets that we use for you know to generate. So I imagine I I can't say for certain but it sounds like we'll look into that one because that that affects Yes. Uh if um after signed into law I I think this might impact
033your next tax year you know for January 1st. Yeah. Yeah. So but I don't know I that's something that uh maybe the tax office could help with. um SP1 1453, it had one of the items that was um kind of been batted around a little bit. It's just um if you want to set an itis rate more than you need for your minimum service, for example, if you wanted to retire some higher interest debt um for for cost savings, you have to have at least 60% of the board. So that's five out of seven members um voting for that. So, um, if that situation comes up and as we grow, um, we've done that in the past as a board and a district, um, I just wanted to make note of it. Budget development. So,
034I'm I'm kind of using the same structure as we did in the last meeting where we had a required section, all the things we have to do this year, as well as some priorities. So, these are some of the um required items we had as we grow as we grew 482 kids projected. We needed additional uh teaching positions throughout the district. Um, of course we're opening Adelton Elementary that had about 20 FTEEs. And of course, you got to heat it, cool it, clean it, ensure it, all those things that go with um operating a campus. Um, and then we had the conversion of of the two intermediates to middle schools, Riverside and Creekide. So, some costs along with that, certain um compensation levels that, you know, for a middle school or maybe a little higher,
035you know, you get to start getting UIL sports for certain folks. Um other things um based on the comp plan that we'll talk about a little bit. Can I just ask one quick thing because you're talking about Adon. Um so the last two new schools that we opened, did we give them a little bump on campus budgets just because they were brand new because one of the things that kind of happened back then was they didn't have a PTA, like there was no way for them to raise money, like that kind of thing. Is there any way to like give them a Yes, we're going to work through those. I think we did on the last one as well. I have a meeting with their uh their team um later this week, I think, to
036go over that because yes, typically once you could kind of get that cycle going, you have kind of reserves, if you will, to to purchase items for a fundraiser or to go on a trip and then collect money, those kind of things. But, um we've always facilitated, you know, those kind of things because they don't they're not going to have the funds, especially to start the year if they want to have like an October carnival for, you know, they don't they don't have those reserves. So, um Thank you. Yeah, we And right quick, the uh intermediate and middle schools, will they be complete by the school year, the new school year? Okay. So, we'll be able to ease into these costs. Okay. So, we can ease into these costs. It's not all correct. Yeah. Yes,
037sir. And then next year, of course, as they add another grade level, there additional costs for athletics, fine arts, um supplies as they grow, those kind of things. So, those are the mandatory items. And here we got into the priorities. You can see there are a number of priorities. Um as always for the board and and the superintendent, I think staff pay is always top of mind. So, that's something with additional funds we are able to do. Yes, ma'am. It it comes in the next slide, I think, or shortly right there after. You can see I was already full on this slide. So, thank you. It's a mouthful here. Um, elementary student support. I know this is a stated priority for the board and superintendent, the MTSS program. This is nine positions um in this
038budget. Um, and a second assistant principal at two of our campuses. Um, of course, these are all adding back things that we we had to to back off of um with with last year's deficit. And MTSS is multiar systems. You're just testing us, right? We like acron acronyms, right? What two schools? What two? And I know I've asked this and I apologize. Uh and I'll write it down on the assistant principles. Which two schools are getting the second one? elementary with the exception of the real numbers. Okay. Okay. and the and the uh nine positions the MTSS program where houses every elementary what about the middle schools and the high schools do they have something similar but not all elementary I'm writing it Okay. Um, 11 FTEEs for special education. We talked about that as
039a priority. Um, one human resources FTEE. U three additional police officers and one safety and security FTE. So, total four there. Some IT positions uh two of which are are uh partially funded with the bills grant which we presented in previous months. And then instructional tech support also bills supported. Um and then we talked about I think in April and May the campus allocations and trying to get those to be a little bit more equitable to account for um student differences in both student count and the type of students. We'll delve into that a little bit more here in coming slides as well. So these were all priorities as we went through the process. So let's talk about the campus allocation. when I came on um the current state was was a kind of a
040wide range um from 74 to 95 for for elementary and and 117 to 132 for secondary. So um there are a number of issues with that and and part of that part of the reason for that was giving campuses more discretion to spend on various things. um but very difficult to to uh to track and allocate fairly and uh in some of our highest need campuses had some of our lower allocations. So we we thought it was valuable to revisit it and I've always used a methodology like this. I think it's again u more equitable on a per campus basis. So in this model um you can see there I'm not I won't read it all but um there's an amount per student you know every kid that walks through the door and then of
041course if they're compensatory education um you know in that program um the students with additional needs in that way we um we account for that. So help we're such a big district and and kind of different you know kind of an array of of different types of campuses um we thought this was was more fair. Nobody loses funding. um nine campuses actually gained funding. So um you know I've run the numbers. Of course this is all projection. I don't know exactly how many kids are going to show up but I have told principles in October after snapshot we're going to revisit so you won't lose any funding. Um if it's a little lower but if it's higher we'll we'll come back and and redo the formula and give you the difference. So that's a big
042that was a project we were looking at for next year but when we had additional funding it kind of moved up the the list of priorities for us. Right. So, okay, compensation. This was this was a question, of course, the the question of the day. Um, we got new funding, right? We talked about the lack of funding before and so um um HB2 was a was good in a number of ways. Um we were able to increase starting teacher pay up to 57750. Um we talked about the year the this the TEA funding for u three and four years of experience and five years plus. And then you got those we have a lot of what will be one in first and second year teachers next year. So of course we needed to make sure
043that they were compensated maybe not at the level level at the as the more experienced teachers were but um we we set that at 3.5%. And then of a big priority um for for administration was looking at those support and parah categories some of the lowest paid but so also some of the hardest working and most valuable positions in the district increase those by 5%. And then of course administrators is the only category left and that was at 3%. So I'll pause there and see if there's any clarifications. I know it's a lot of information. So the the 2500 am I understanding this correctly? the 2500 and the 5,000 will be. So if they're making 57750 and I'm just using that as an arbitrary number and they have five plus years they get they would
044take that up to five five by 5,000 and then next year they would continue with that same pay and whatever increase they get or do they get an additional 5,000 next year they when you say next year do you mean 26 27? Yes sir. because we won't have it's bienial, right? So they're not going to approve by the other. So this is what this is our understanding of course until they release all the guidance. This is just my understanding. But for for easy math, let's say they make 55, right? This year. Yeah, that's much easier. Okay. So for 55 cuz don't make me add. It's too early. I couldn't even add that in my head. So you're good. So 55. I was like 50 something. So um so if they were at 55,000 this year
045we get they say they got 10 years experience. TEA says we're going to give you $5,000 for that teacher. So for 2526 they would make 60,000, right? This is a one-time uh infusion, but it's also what they've called a permanent raise. So a number of districts are struggling with, you know, how do you do you put this in your teacher scale? Do you make it as a stipen? to you what how do you handle um because we don't know but they've called it a permanent raise. We're taking the approach that it would be um you know we have to continue to give that year after year. Yeah. They're going to continue to fund us. We're going to continue to pay those people now but not another 5,000. No ma'am this is a one time so
046next year it would be like the typical three or 4%. When I say next year, I mean next. Yeah. So, yeah, 12 months from now, we'll be evaluating what our growth is, what our projected funding is, and then of course evaluating um you know, what we can afford to do for the second year of the bienium. But, but Mike, this is I'm sorry. No, go go go. So, this but this is still separate and apart from the teacher incentive aotment. Yes, ma'am. Completely different. We're still going to add money to that as well. Yeah, we're continuing to progress and that's that's in Jennifer's realm, but I'll say that as that rolls out and teachers qualify for that and earn that money, that is completely separate and distinct. Yeah, the money and I was just speaking
047of what's being funded. So, the the money that is being funded is specifically for these raises and the legislature also authorized more to the teacher. Yes. And I didn't talk about that too much because it right now it hasn't impacted us a whole lot financially, but it will and that is a big priority. there was, you know, I think a billion plus um dedicated to expansion of teacher incentive a lotment. So what you're saying is the the start teacher is going to be 60,000 in my example. Yeah. Because I I like the math too. Yeah. So it's 60,000 for 2526 bar anything let's say let a budget or whatever happens. So then in 2627 they will remain at 60,000. Yes. That's what you're saying into perpetuity as far as we're aware. Okay. That funding will
048come to us forever. The teacher will get that and even and this is again some of the questions. If somebody's a fiveyear somewhere else and they come over here, we have to I assume, you know, then that money would somehow come to us and be paid to them and if they leave us, you know, the the details aren't worked out, but that's that's the spirit of the law. That looks like it. Can you go Can you go back one where it says uh the one more? One more. Yeah. because that's that's just and what right there. Well, yeah, and I'm I'm I think I talked to you about it when we met and I'm sure you mentioned this to so she's probably ready for this question and I brought it up. Um, we know that
049MTSS is going to be at every elementary school. And I ask about the middle school and the high school and such as that. And I'm just trying to think visiting the uh elementary schools and and that's pretty much I'll try to get through the other schools, but they're really wanting help with behavioral students. Uh and and while I was visiting there was, you know, one child one child was already in the hallway. Uh had a couple of them were one child was walking around the outside with with a with a coach or somebody, you know, and it's great. And I guess I I say all that to where if so, if one child already has the meltdown, excuse me if that's politically uncorrect, but has a meltdown, sorry kids, you can't do anything else. Would
050it be possible outside the box is taking because I looked at the curriculum and instruction and I also looked at special ed here in central and you have there's there's a there's a lot of staff. Okay. Would it be possible because campuses are needing bodies to help with with children who are having some behavioral issues. Would it be possible to take some staff, relocate them to the campuses, not a demotion, you you're still responsible, but they're at the campus level to assist the MTSS, the principles, the assistant principles, but you've got bodies down there. We've got telephones, emails, facts, Zooms. So, there's still it's just extra help. It's just something to think about of of relocating some of our resources to help campuses because they're needing it. They're needing it. So, I don't know if
051Mike mentioned that to you or not, but you might be prepared for that on Tuesday. Okay, we can speak to that. I did brief anybody, you know, any of your questions that weren't necessarily in my lane. I would pass that. You might want to also u Oh, I forget his name. The one in uh for special ed, Derek. Derek. I say you're okay figure she would. Yeah. I will I will. So just kind of prepare for that. Um and yes, no or we'll look into it or something. Okay. And I got a question on the uh attendance is definitely one of our goals and been trying to improve it since co and a very has it already been done in I'm not talking truency officers. I want to disclose that right up front. talk about
052the attendance card at the campus and on down. Have those have we readjusted the hourly rate or salary or is it in this because what they're doing they're applying for other jobs within the district that pay more and and and and yeah just so we fixed that problem. Okay. Yes sir. We did that last year. Okay. We also realign their contract better. And they're also part of this group here. Yeah. Well, cuts down on turnover, retraining and and then getting the report accurate because there's kids being marked absent that aren't. And you know, I know all that's been worked through. No, no, I know y'all been working through it, but it's been it's been done and the raises according across the board in here. Okay. And and of course I I work with with PES
053in the finance department because we're so directly impacted. So we work on that all the time which is connected to one of our it's connected to everything and connected to accountability money. Yes sir. Okay. So I think I think we were here. Were there any additional questions about the overall compensation recommendations? Okay. Um, I wanted to give some examples because, you know, um, it's different, right? Um, $2,500 uh, dollars for a year three teacher. Here's what that looks like annually and of course per month. Uh, a 15-year teacher, that 5,000 is going to be a different percentage, a slightly different percentage from a year five to a year 30 teacher, but um, it's still the same $417 per month. Um, and so that's kind of what that looks like. um and a teaching assistant. I
054just pulled um a random one in the alphabet there. $22,664, of course, underpaid. Um very difficult position. Uh $1,200 almost $1,300 a year raise. Um for those folks at that 5% level, and that of course was a priority for us and and um I think a priority for the board. So, okay. I I talked about last month that in early June they were going to finally release actare rates. This is something we always kind of tentatively look out for because you know there's been years where we've faced 15% increases. So the state um has been subsidizing this a little bit and made it a priority uh for them to kind of keep these rates affordable. I will say that they they did so they funded um there was a bill that passed that had some
055funding and so we we're looking at a 8.75% increase across all plans except for the old active care 2 which is no longer new accepting new enrollments but it's a grandfathered plan that some employees still have. Those are so high I think that they didn't need to increase them um but um not as many employees there. That's just an idea what that cost for employee only looks like. Um we're currently subsidizing it as a as a free program there. Um but uh this all the money we had here was prioritized for raises. So uh 1950 per pay period per employee on that um on that base plan. We I didn't want to include all the plans and all the scenarios, but um that's kind of what that looks like. So um it's still very competitive
056uh across our peers. That's something we looked at as well. Yes. Peer districts. Yes. Thank you. And I would highly encourage I think you're handcuffed to explore how to get out of TRS. Yeah, I know that you would and I know that you got to give them they got to have a decision by January notice and then it's not till August or September. I understand all that, but there's this just and other public entities are running into this problem too through their associations, through their pools, things like that. So just just like we do food service or transportation. Sure. We need to definitely see if we can explore some other options. I have after your input I think that might have been March um have been exploring it with I talked to CFOs in the
057in the Austin area as well as Dallas um weekly and um it's a mixed mixed feedback so far. You know um once you get out you have that five-year commitment to stay out. you know, you can't come running back if it doesn't go well. Um, and I know that the biggest one was probably Lander and and it's a major priority for them, but they spend millions more is is my worry. So, it it could it could be better, it could be worse. And so, times are not to get too deep. Times have evolved. Okay. And Bashar County was at their meeting. There's other options that counties are moving to, school districts are moving to that will save you that type of money. And I don't want to get into that concept, but u you know
058there there is some other options. It's not just going part of selfunded. It's not just going to the market. It's a you know employees will look and feel like what they have, but it's it's really yeah, you know, it's it's reference price pricing. I mean, don't let that scare you to get too deep, but they're it's evolving. It's evolving fast and people are looking for ways to get out of the tech association county pool. U you know even association for cities you know they struggle with trying to offer benefits as well. So just I can feel you not that I provide them but I love to talk to um I give you an excuse to call the folks over at the county. I don't really have a dialogue with them yet but um um so
059yeah that's uh I would love it and probably within the next 40 days though see if they will go that direction or not. This is all just happened like on Monday. Okay, we'll look at that more in depth for 2627 um and uh moving forward. This is um a summary for each fund. Keep in mind we're going to have some slides that kind of that go into the actual you know what I'll call the one pager that has all the funds and all the functions. I just want to talk about the differences here. Um fun balance is what you're saying. Yes, sir. Well, the way we're funded kind of groups those together, but I'll say the the real distinction for me is the amount of money from growth and the amount of money from the
060new money. So if I if I went back and looked at what I proposed in in May and I don't have that number in front of me, I can give it to you right after the meeting or the next at at at the 17th. Curious the state really give us a lot, right? Yeah, I would say it's just about 6 and a half% um about 6% on the new money and probably about 4% on the growth and other categories that um but I'll refine that for our next discussion. I think it's a good point for the Tuesday meeting for the public. Yeah, that's a good question. Yeah. So, the tricky thing about being a a July 1 school district is we don't have our tax rate um compressed rate calculated by TEA yet. So, a
061lot of what we do now is estimates, conservative estimates. So, um this has our uh M rate at 6639, which is down from 6669. So, that's do this math either. 0.3 per 100 difference. Real real small, but of course, I don't know yet. But again, they wouldn't affect the bottom line. It doesn't when we revise the budget, it just means that if the rates lower, tax be lower, state revenue would be high. But again, when we we get funded, it's not aggregated for us. Come back in August and September and work on those things. You know, calculate those things, have meetings, publish, and adopt in September like we did last year. General child nutrition. Um, of course you guys will will recall at our last meeting we we had a big announcement there about moving
062this um in-house. We're holding this budget uh relatively um steady for now based on the here's the things we don't know um exactly how many staff um we think that it will be very similar to what we have now. But of course, our new um newly hired um d uh director of child nutrition will play a big role in in staffing our our campuses and our um office here. Um we're going to be looking at compensation, you know, because that's all been done by the contractor. So, um we wanted additional time to kind of come back and refine that um in in August. So, uh with your blessing there given that we're currently in that transition going into that transition July 1. And then of course, I would have to I don't think about it
063that way. But uh now these expenditures would be salary and food. It's almost all salaries and then food. There's not really that many other expenditures. We pretty much have everything in our I mean I mean we have our cafeterias are Yeah. They're ready to go. We're looking at signage, you know, um some materials. Um it'll be a transition in food there because that um the contractor's food until July 1. So, we'll settle up there. And then we we made a big investment in equipment. If you'll call in the spring, we did a budget amendment to spend some of those reserves and get some of our um kitchens in better shape and just replace anything older. So, yeah, all that's all ours. They own a few items, but it's almost all our our stuff. So, um
064that's a developing uh budget to be revised. And then a debt service. We're going to talk about this probably um you know, coming up um or definitely on the 17th, we'll have Josh with with BK come out to to help. We're going to do our the last trunch of um the 2023 bonds. A little over $89 million um and remaining voter approved but not yet sold. um that the reason this is important is that um you know Josh's recommendation was if we look at selling that by August 31st everything we have sold by that point and we've made a bond payment on will be eligible for something called ASAHI additional state aid for homestead exemption. So basically it'll qualify for all the state subsidized debt already to the tune of almost $7 million on the
065over the life of those bonds. So we felt like we're looking at selling anyways. I think if we sell now um use a little bit of our reserves um and um that's that would be advantageous. So, and just quick Josh is with he's he's our financial adviser. Perfect. Just got to know Josh. I'm not doing that of who he's with. Yes. Josh sell the bonds. He's also a finance guy. That is a very good point. Uh not this Josh. No conflict of interest, nothing there. All right. Yeah. Josh Mc Mofflin. Yeah. For the returning board members that might have been here when he presented before, he's going to be coming out um on the 17th. Um to kind of go over that, it's it's a lot. Um of course, um market rates um and all
066those kind of things, the structure of that. Um happy to answer any questions as well. Um he's helped us a lot with that. So, okay, wait a minute. Say that again. We're gonna It would be to our advantage to in by October or August one because of this you put out there that acronym is additional state funding um on that debt. Okay. And if we do it by August 31, we would this $89 million would qualify for that subsidy. If we do it in October, it would not. So we Okay. So yes, for a few months of interest, it felt like $7 million would be the, you know, best thing we do for taxpayers. And this all changed when the obviously the interest rate went up and when we first got on this board we
067were refinancing a lot of bonds and saving a lot of money but then the rates went up and so we were we were you know literally when to sell the bonds advising us gaining interest this is you know that's how and so this will be an update and a recommendation. Yes sir. The subsidy qualify. Yeah. The Yeah. Yeah. The proceeds uh sit in our bank and um you know we think is is my memory is testing but aren't we regulated by how much bonds we can sell or something. Are we going to even be close to that cap or whatever that limit is because we can't sell it all at once. You might be referring to the 50 cent test. I don't know. Um I'm not sure. That's the major limitation that you can service
068your debt with a 50 cent tax rate. Our rate's a little over 40 cents. I'm talking we can't exactly sell the whole 20 million, put it in a bank, get investment, and then spend it out. You might be talking about arbitrage um limitations on on earnings. Okay. Yes. Yeah. And so that's not something that almost this is not going to affect. No. No. Of course, it's not going to change anything. It's it's the same as our currently the the money we have in the bank now, which is they they allow for a certain yield. Um, and then above that, you have to if it's tax exempt, you have to admit that back to the IRS, but it's greatly to our favor. I mean, so the portion that we owe to the IRS, we're tracking. We
069don't owe it yet. I mean, we don't have to pay it yet, but we've earned four to five times that amount. Um, because of Yeah. I mean, that's the other limitation on Yes or no or no? It was just I I thought we had talked about somehow if you get too many bonds if you if you get too much just like Chris was saying we could you know invest it and earn some money on that. It's like well I didn't think we could that's no on the earnings you got. Yeah that sounds like arbitrage. I'll dig into that and by Tuesday I'll be a little better on my memory. Okay. Yeah. Yeah. Uh that's something we're always working. We have a company that everybody uses to help calculate that IRS um liability, but again it's
070it's much to our favor. Okay. So, um moving right along. This is um I broke it up into two slides because it's a lot for one slide, but this is what the revenue um on the board budget, proposed budget in your packet looks like. Um and here's the expenditures. You'll notice that general fund is is is balanced. child nutrition is balanced debt service. Again, we're using reserves. So, that's targeted um use of those reserves um to help to help us get that subsidy for the rest of remaining life of the bond. So, I'll stop there for just a second because that's an important part of this presentation. Hey Mike, so on transportation and Christie, you talked about this, I think, but how how we're increasing routes, right, this next school year. So that's already taken
071into account obviously. Yes. But um was that a substantial increase from based on routes and Yeah, we it typically runs about with with the actual purchase and financing and of course their purchase of the bus and all the things that go along with it out the door. It's about $80,000 a route. We have the the driver cost and all the um the contractual um items. So that's kind of what we pay. Um, so yes, it is factored in. You'll recall our original budget, I think this year was in I want to say upper 8 million, something like that. 1 million. And how many routes, Christie, you told me yesterday, but tell me again how many routes, like roughly. Okay. Okay. Hey Mike, did you another colleague from another district board member visit and I may
072have misunderstood this. Did the state also pass something and this may come with chief for transportation about three-way harnesses versus just seat belts that do we have to retrofit our buses? I know they have seat belts but they were did the oh they already are. Okay. They were that district there was expense to upgrade all the seat belt that I just didn't know if that was the curb kit. They were already ahead of it. But did y'all hear anything about the state? I hadn't heard that. In terms of a new bill, one of the privileges of being a board member is you're going to get a complete legislative update required for your training. So that'll be coming this fall. So there'll be no questions about what was actually passed. But Mike, I noticed um and
073I'm hoping I looked at I was looking at the general fund budget 2425 kind of matching it against the 2526. Yes. And for the social services uh account 32, I noticed like a almost a $300,000 decrease. Yeah, I saw that. Are we not? Are we No, there's been no changes there. I think that when we go to true up the final budget um and you talked about coding of employees, I think that um it just says social services we're we're looking at 463,000 and then in 25 uh 2425 it was 723,000. So I mean and some change. So I mean that's that's a decrease. And when you're saying social services, it's like, oh, wait, wait. Social workers. Oh, okay. So, I'm not exactly sure. Okay. I'll delve into cutting any pro. I think we could
074I was just trying to tighten up certain areas um across these functional categories. Okay. So, I kind of for my budget, I I inherited the 2425, so I can't really speak to that budget. Um, I'll say that I focused most of my energy on the new year budget and worked with Diana um, department by department trying to figure out. Um, and part of that is coding. I mean, making sure that, you know, some of us might code some folks differently and I just want to make sure that everything's done the way that I I feel like it should be done. So, no problem. Yeah. But no programmatic cuts there. Just just refinement. Um, good questions. Are there any others about this? Okay. If you have anybody by the 17th, please let me know. Oh, I
075Yeah, I got uh what's our budget? What's the board budget? The amount. Yeah. Um we have a I have no idea. We're going on training and you know, we're we're I don't have the individual department budgets. It is um I think it's a low five figure number mostly with travel, you know, and a little bit of um but I I can provide it to you. and who takes care of our membership into I guess TASBY and all that other good stuff. Yeah, I would I would love to see what our budget is. Okay, I'll see. I'll let I can provide that. I want to raise Were you going to donate the next one? The next budget? No, I want to raise and see if it's in the budget. I will double the amount we pay
076you $5 and you know like Dr. Mitch's not not going and so pretty much we only go to one training a year. There's a lot of districts that go to multiple ones uh but or national conferences, right? National conference. Yeah. National airfare and all that, but we just, you know, we go to San Anton the the district pays for our room, our registration, which you've seen what that is. And then the mileage there and back that it's pretty dry. Oh yeah. And like Dr. Mix will do his online and there's a cost for that. But obviously we're saving the room cost down there. So throughout there's no other expenses, is there? I don't think so. Um, no, not not many that I can think of. Maybe some district memberships. Um, it's all it's all the
077board approves that the functional category. So, it's in that general administration. Um, just like the superintendent's budget, finance, you know, HR, those kind of administrative functions all are within that number. Um, so I can give you some specifics. Kind of curious on that. Yeah. Okay. So DNO insurance that we have is somewhere else not in our budget. Depends on what which insurance director's offic Yeah. directors and officers. Oh the through the tasby. That would be that would be in that category there. The general or in in the budget you're going to show us. Yes. That anything we pay for any district-wide. The only exception of that is maintenance and operations would have property casualty. The auto would be under transportation. Um, and of course the health insurance costs would be spread out among depending on
078what somebody's paid out of. But yeah, I can uh I can clarify we do not this is a non-paying position and we do not get medical insurance for the employee employee insurance. And my joke about doubling your pay was doubling zero. Still zero. I thank you for your service. Thank you Josh. I don't know if you knew that, but thank you for Don't show up at payroll. Yeah, they didn't tell you about that, did they? Been there before, sir. Mike, just to make a point, too, is that that general administration number is just a little over 3%. Sure. Comparatively speaking across districts and their budgets. Yeah, we were very competitive there. I think we we showed a kind of a little bit of the first rating indicator I think in March or April discussing that
079just a priority for the district um administration and the board to to be frugal there and put every dollar we can into the classroom and and take care of our staff. So um that's a good point. It's very if you take that amount and you back off the required items and you got to have an audit, you have certain things um you got to have HR, you got to you know have certain things and uh not a whole lot of discussion there. So here's an an idea of the timeline remaining um moving right into uh this month how to public published our notice um for the truth and taxation come next Tuesday we adopt um that's well before the 30th deadline we get our certified values late July then we go through that TEA tax
080rate compression calculation we talked about um and then we use that to do all the remaining steps in August September so Um, in terms of the budget, that's where I'm at. And, um, I'm open to any more questions if you've any more have come to you. Mike, thank you. And I want to thank Diana, cabinet. This is an outstanding budget. It was a lot of work. We worked all the way until what, Monday to uh to get it finalized. And and we have no option. We have to approve it in some form on on Tuesday. um so that we can get our teacher raises and get everything get our programs paid for. And so again, thank you for your your work. Diana, Jennifer, Chief, I mean, it's been uh and all the department heads who
081help. So, thank you all. Yes. And and Renee Windgard, director of finance, helping quite a bit. Yes. As she does with everything. So, I will uh leave it there and we'll we move into the next. Okay. And so, that was basically our budget workshop. And so on the next um agenda item would be our financial report and that's considering the issuance of the unlimited tax refund that uh um he alluded to during his presentation. So if you'll just give him a quick rundown on that, Mike, this is the bonso. Yeah, about Mike I mean Josh M. Josh. Um well I really touched upon it. Um you know we're going to really dive into that more. Um I think we have a um about 30 slides we want to present kind of give you some some
082background kind of where we're at now what it looks like with that sale the cost the rates then ask you to approve bond parameter orders basically you know conditions by which you authorize us to go and execute right um so that we're not having to call special meeting just to approve right at the last minute. So that's why we do that. 30 slides. Spooky. Not today. No, he sent an update. It's a little less. 28. I'm just kidding. 15, but it's thorough. And yes, it's important to review. Yeah, exactly. Yes. Well, we can Yes. Um I could get it to one slide, but the font would be like 0.1, you know. It would be pretty small. And Mike, before you move on, I want to go back to the previous. So, we will adopt the
083budget I and then we'll do the food service budget and then we'll also adopt the compensation plan. And so, in the agenda, we're going to it needs to say consider approval and it says amending. And so, I'll we'll adjust that language, but I just wanted you to know you'll approve three items on Tuesday. Okay, great. Uh and the only other thing is to look at current rates and then of course what the what the the debt service plan looks like moving forward. What are our future payments? What does that um pay off and amortization look like? Um and uh you know just the impact of of that. So we touched upon it a little bit. We'll really go into more in depth next week. Okay. Thank you very much. Next we would have a facilities
084and operations department. uh Mike will present again, but he'll introduce you to our new food service director and she can kind of out outline the plan uh that we're moving forward with with bringing our services back in house. Um we have a pretty small consent agenda. We do have one change. Um the change for the 2425 amendment is only for the general fund. It's not for food service item C. So we'll we'll make that adjustment and then we'll consider some interlocal agreements. These all have to do with our um child nutrition department, you know, so that we can procure our food and everything. So that's what D E and we're going to also add another one, a region 20 participation agreement for general supplies. Um those traditionally were done through our provider. Now, we'll enter
085those agreements as a school district. So, we'll bring those for your consideration. Um item F, uh approval of participation agreement between the district and Choice Partners Cooperative. Um consider approval of the IMA expense. We're not going to have an IMA report this month, so we'll remove that from the agenda. H consider approval of memorandum with uh friends of the Friends of the Children. Dr. Lee, you want to tell us about Friends of the Children? They come with We did this last year. Correct. Okay. Correct. You You That sounded familiar. Okay. Okay. But we're we're still running a check on them. Oh, yeah. like when they come from Smithville over to here, we're still running a check on them. Okay. I'm sorry. And then item I, this is something that we've done in the past. Uh
086we're going to remove it at this time because we don't have a a candidate that has been identified to do this program. So, we'll remove it for now and as soon as we identify someone, we will we'll bring it back to you. J approved memorandum with Acutronic. Uh this is one of our favorite um agreements. This is where our kids get to go right into the workforce. We signed what did we signed? Three. In fact, Jennifer shared some really good news with me yesterday. Our students were featured at the state CCMR conference. They were the poster child for how CCMR works. And so I I appreciate that. Jennifer gives me a positive of the day that she'll send me a I don't know why she thinks she needs to do that but but anyway we're
087so our college career military readiness. Mhm. Yeah. So and we'll you'll hear a lot more about that. Okay. Consider approval. I was going to say I hear a lot about this in city and county meetings bragging about these programs. Yeah. But we really have some very very strong programs that we need to even do a better job of highlighting to be honest with you. Um K uh an agreement between and this is for chief this is for our dispatch services. Um we have an agreement with the county to run it and so that we'll bring that up for an update as well. And item seven consider extension of our depository contract with First National. Uh Michael present that. Yeah. Chief, on that dispatch, is it continue the recommendation is going to be to continue the
088way to do it or they just want more money? Actually, they they don't want any more money. Okay. They're leaving it at the rate that it was two years ago. Okay. And so they're leaving us at that rate and uh they normally do it based on a percentage of how much dispatch we use. And the more officers we have, the more dispatch we use. We have the highest number of law enforcement on duty during dayshift of any other entity in the area. But they're leaving it at the same exact rate that it was two years ago. Wow. That helps out because it's the school, the city, the county, they do this one dispatch tied into emergency management, which is also tied into cameras at our school in case we have an event in an emergency
089and they can communicate with officers. So, thank you. and then the rest of its information items. Um, with the exception of F, traditionally, uh, we we had discussed not having a July meeting in light of all the changes. We're suggesting that we do have a July meeting. Um, we may possibly look at there's not much content for an agenda for December. We've done that. We cancel past this. July was something that even when we got on here that's kind of traditionally what they always did but then co hit and so we we we kind of back and forth we should have it or not. We just we want to be respectful of everybody's time and so any questions from the board anything that's on the agenda want to thank the the staff for jumping in
090being here and and I know you're here anyways but still being being involved getting us ready and It's definitely this thing is the district's getting bigger uh items agenda is getting longer and so these meetings definitely do help. So thank you. Uh are there anything else from the board? Any objections to journing this meeting? There are none meeting adjourned. Thank you.