001meeting. [Please stand by] [School board in a short recess] thank you, welcome to today's special school board meeteding. We're happy to have you join us and we're thankful to your time and dedication to our district. This special school board meeting is now called to order. Our primary foc sus to create a safe and productive environment for all participants. Please be reminded of the exit doors. While in the board member reframe from obstructing the exit doors. All attendees must be occupy a seat with the exception of media. Attendees will be directed to designated overflow area. Upon fire alarm activation, please exit the door in an orderly fashion. Thank you for your cooperation. All please rise for the "pledge of allegiance" to the flag of the united states of america. I pledge allegiance to the flag of
002the united states of america and to the republic for which it stands, one nation, under GOD indivisible with liberty and justice for all. thank you you MAY be seated. As we begin our special school board meeting, we're reminded that our vision is pro efficiently see. Vital task is to sustain this achievement. We'll continue to educate all students to achieve their highest potential, our theme believe in power, achieve one broward. Today's special school board meeting, the board will review the items as advertised and presented by the superintendent. The superintendent released a revised agenda with certain changes for this meeting and published it on the school board district's website. The chair finds pursuant to section 120.125 florida statute that good cause exist for such changes. MAY I have a motion and a second to close the agenda.
003so moved. second. moved by DR. Zeman seconded by MS. Leonardi. All in favor of the closing the agenda let it be known by saying aye. aye. any opposed say no. The agenda is now closed. MAY I have a motion and a second on item one, superintendent annual financial report to the commissioner of education. so moved. second. it's been moved by DR. Zeman seconded by MS. Leonardi. moved and second to approve item 1. Next we'll go to public comments, so we have nathalie lynch-walsh. Speaker: good afternoon, DR. Nathalie lynch-walsh plantation florida and former audit chair. I was planning to not be here bautz audit committee dissected, whatever we're calling it this year and we were exhausted. And so we'll just let things ride. But, since we're apparently behind schedule and I'm here and I have three
004minutes, we'll go for it. So, this is the unaudited, financial annual report statements, it seems counter intuite as a degreed accountant, done accounting, that you're not cutting and your enrollment continues to drop that your fund balance would be magically up, but I'm assuming that we're doing what we did last year. And since the state is letting you for now, we'll just there is not much I can say on that. It seems counter intuitive and we'll see what happens for this coming year. Having said that, at some point, you're financials do need to be audited by an external auditor. And at first, people were trying to do a, another solicitation because we had the one-year extension and then, it became clear that you should be doing an assignment, so the question for today is, at what
005board meeting, when, will it be after the 12th of never? But when the msl come before the board so that you have your external auditors in place to start the audit process? When? Because you're not going to solicit your way to a new solicitation in time for that to happen that will be for the following year so. Are we in that process? Will it actually be approved so they can start working generally on any other year, they would have started already. And this is not something you want to rush, even though it would be the same people that have been doing the audits for the past few years. So, that's my main question and I would hope that we would have an answer because we're running out of time to get them here so they
006can start the process, because again their deadlines with the state for your audited financial statements. And we're going to run out of time, time moves very quickly. So, again, we talked about this at nauseam on awed um, it seems like everybody is going to continue to do what they're doing. But can you find out what auditors you'll have in place. thank you, and normally we don't have that back and forth but we did have this discussion in reports and as MR. Rodes updated us, the contract has been legally sufficient so it should come to us next tuesday. That's the hope. Any board discussion on item 1 on the special school board meeting? DR. Zeman? just a few questions. Because these reports are complicated and sometimes so, detailed and you know, using their own language, things
007are tough. And really as a percent, I noticed that unassigned went up for a year, it went up almost 20 million dollars. And ended the year 114.7. What percent of the operating budget is that? DR. Hepburn? MR. As ri to? -- I'm going to let tar loss who is our financial director and he started in MAY, so he's new to the district. But he had this accomplished with our assistant director in his team. good afternoon, to answer your question, the percentage of the general fund balance, I mean the sign-in on the sign form balance is 4.2 percent of the total revenue and 5.2 of the total revenue when you exclude the charter schools. terrific, which one is this board held accountable for maintaining 3 percent with or without charter schools. with charter schools. so with
008charter schools we're at 4.2. correct. that was an issue throughout the year. I know people talked about the CFOs and the magic stuff that they brings out, I would not want people to think that's a sustainable act. Every once in a while, you can inhirity some things that allow you to make some adjustments and free up money. Those tricks, to my knowledge are gone. We're also at a point in our state where our tsi budget went up point 5 percent, is that correct, chair? DR. Hepburn? that's right. -- that's correct. and is it also true that they have asked to set 60 million for compensation, if they can. that's correct. terrific, so it's a great financial report about last year, 4.2 is a wonderful number because I was worried about extremist here, but we lost
00990 million dollars when we lost 10,000 students. We have a need for educator, educators compensation and we're just above the 3 percent floor on fund balance. So overall it's great to get these numbers and send to the state. I'm glad that our auditing is going to come in the near future. And I want to thank you for putting this together, it's a huge accomplishment. And welcome to the team, carlos, and by the way, we need a 500 report from you. it was a challenge but I have to say that I appreciate my team, we were working late many days and I feel confidence that we put together a good report and in line with guidelines. thank you so much, anybody else? DR. Holness? yeah, MADAM Chair, what appears to be a typo, it should read
010the district will not be following if the board votes no. thank you, I think they said in the past that executive summary part doesn't get transmitted, that's just us. Sol it doesn't. Yeah. But the public should know, that's correct. Thank you. Anybody else? All right, MS. Alhadeff. ? On the executive summary? If the vote votes yes, the language is repeated if the board votes no, it will say will not be be, it's missing the word not in the no part. thank you, all those in in favor of approving item 1 says aye. any opposed say no. The ayes have it and the motion is approved unanimously. The scheduled order business for this special school board meeting of school board of broward florida, has been completed. Seeing no other obligation, I adjourn this meeting. And we'll
011resume the workshop