001approve the agenda for Monday, May 19th, 2025. So move. Is there a second? Second. All those in favor say I. I. All those opposed, same sign. We have one public hearing for the fiscal year 2025 budget amendment tonight. Board Secretary Stiken, have we received any written correspondence related to the public hearing tonight? No. Do we have anyone who has requested to address the board this evening regarding the published hearing? We do not. Thank you. The affformentioned public hearing is now closed. We will move on to administration. We have the approval of fiscal year 2025 budget amendment. I'll give Carla and her team a moment for comments before opening it up for questions from my fellow directors. All right. Good afternoon. So, I'm Derek Luch. I'm in the business services office here at the district. Um
002I just wanted to give a a couple comments regarding the proposed budget amendment. Um, so first I just appreciate the opportunity to be able to give um our community and the public um the option to give comment if they desire. Um, and then also I want to thank the board members and our cabinet members uh for just being available and flexible with your time. Um, I know this was supposed to be on last week's um, budget or on last week's uh, board meeting, but because of a little mixup with the gazette, our publication didn't get put in the paper in a timely ma manner. Um, so to meet the legal requirements, we had to push this back. So, I appreciate everybody being here and being able to join remotely. Um, a little overview about the
003budget amendment template. So, this is for the current fiscal year budget amendment, the FY25 fiscal year ending on June 30th of 2025. Um, this budget amendment has no impact on property taxes or the tax rate. um the current or uh what has already been approved for next year. So no impact there. What this is really just doing is um approving uh spending authority of funds either made available to us or um that we already had available in fund balances. Um what this template is doing is it's kind of overly generalizing uh district expenditures. Um so it's pulling together all funding sources u from um like the general fund for um educational support uh ple and save for uh capital projects nutrition for obviously our food nutrition program. Um so it's really just it's pooling all
004those into just a general um lump sum and then breaking it down into kind of four general uh expense categories. Um and why we're proposing the budget amendment is kind of two big things played a big part um this year that weren't originally budgeted for. Number one was the land acquisition um of the the property on the northwest side of Cedar Rapids. Um just we had the um opportunity to be able to purchase that for potential future um development um and and um as our district grows. And then also um kind of the second big impact was after we had certified uh the budget a year ago um for the current fiscal year, we were awarded uh second magnet federal uh grant um that so unanticipated expenditures uh but an opportunity for the district to
005be able to um improve our magnet programming especially at the high school levels. Um and then also um kind of I missed on the um other capital improvements also kind of the our initial work for the CCR programming at the high schools. Um so those are kind of the big impacts. Um you know while also making sure that we're spending down our categorical uh carryover funds. Uh we just want to make sure as a district that we're not losing out on any potential uh federal uh funding um resources, especially kind of with the state of things today um and some of those federal funds being in limbo. We want to make sure that we're spending down those balances in the year that we receive rather than potentially losing out on reduced or lost funding down
006the road. Um so that's really just kind of general overview I wanted to give you guys on our budget amendment. So, if you have any to add or any questions or comments, I can open it up. Thank you, Derek. Uh, any questions from the board? I have a question. Um, are any of these expenditures being used to cover any increase in administrative fees, administrative salaries? No. No. So, no. Other questions or comments from the board? Okay. Thank you. Do we have a motion to approve the fiscal year 2025 budget amendment? So move. Do we have a second? Second. Second. All those in favor, please say I. I. I. I. Those opposed? Same sign. Thank you. Do we have a motion to adjourn the meeting? So moved. Do we have a second? Second. All those in
007favor say I. I. I. All oppose, same sign. With no further business, we stand adjourned at 5:36 p.m. Thank you everyone.