001Call ourselves to order. You join me in a moment of silence. >> Thank you. Join me in the pledge of allegiance. I >> aliance to the flag of the 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. We'll call our role. >> Dr. O'Neal present. Mr. Mr. Heater >> present. >> Mrs. Barnes Griffin >> present. >> Dr. Washford >> present. >> Mr. Irvin >> present. >> Mr. Le >> present. >> And uh we want to congratulate Mr. Irvin who um is a grandfather twice over within the past couple of days. Right. >> That's it. >> So couple future Bearcats there I suppose. Or at least >> Well, we'll work on that. >> We'll work on that. >> So
002congratulations Mark. That's wonderful. >> Um Dr. Reynolds. >> Yeah, great. Thank you. Just uh just a few things to share tonight. Um really some reminders for our parents and our families. Um couple of celebrations um as well. So, our summit is coming up. I know Eric and um and and Rachel have been working really hard to to prepare for our educational summit that is next Friday, September 19th. So, I see a few kids out in the audience, so they'll be excited that they don't have to report to school on that Friday. So, it's a full day of teacher professional development. And and really one of the um distinguishing characteristics of our district where we offer a national a national caliber conference for every single one of our staff members. I mean, it's it's just a
003tremendous opportunity for our teachers to to gather and to learn, personalize personalize their learning to to impact the classroom. This year, cousin Danny is the keynote speaker where we uh are talking about active engagement and learning and how to incorporate um physical movement into the uh into the classroom. So, uh, really looking forward to cousin Danny and he's going to do a couple of, uh, couple of convocations at the school ahead of time to, um, to bring the kids on board. So, maybe maybe not so excited for kids, but maybe so, uh, we have parent teacher conferences also coming up at the end of this month. So, we have two two early release days, two twohour early release days on September 25th and September 26th. That's a Thursday and Friday of of uh three weeks
004from now. Um an opportunity for folks to to have conversations um hopefully in person with their teachers. We know at the secondary that becomes a challenge because the teachers have, you know, well over a hundred students um in most cases on their case load, but um certainly uh be looking for that communication either via parent square or personal phone calls from the teachers. And if you've not heard or don't hear from your teachers uh in the near future, please reach out to the schools to to be sure that you're on that call list to um to to be able to have a parent teacher conference with your parents. The elementaryaries have tremendous um engagement, tremendous in-person attendance. Um we want to make sure that that we engage as much as many folks as we can
005um at our at our parent teacher conferences. Hey, I have some exciting news, a celebration of sorts. I I believe it was in part of the wonderful job that we did of hosting um our basketball boys basketball sectionals uh last year where we we hosted um uh the future Indiana Mr. Basketball and just tremendous crowds for three nights at the fieldhouse. So this year we're going to host the boys 4A North semi-state at the Muny Fieldhouse in March. I just think that is a a tremendous opportunity to showcase our district, our facilities, and our city and our community. Um, for that event, that is a that's an all day event. They'll do two AM games in the new format. We have 2 AM games in the morning and a finals that evening and it'll be
006the um the the largest, you know, the largest 4A North schools that that are competing in that. So, again, uh, shout out to uh, Muny Central, Mr. Walker, and Mr. Holloway for for hosting a wonderful event last year which I believe put us in a in a position to to host this year and and hopefully for years to come. Uh I want to talk just for a second about our um MCS my community schools education foundation. We've been uh working hard Dia and a group of um community members and parents have been working hard to start a community foundation and and we're off the ground. We have the website up. We have um an opportunity for uh our our staff even to have a to have a direct deposit into into the foundation out of
007their checks. Um fundraising efforts are underway. Just just very proud. So if you would like to see know more information, you could find a link on our website as that will get you right to their website. Um or just give our office a call. we can get you in contact with the foundation if you'd like to donate. And then finally, our we have another one of our community groups that are a big um a big partner of ours is the community engagement council. They have their big fundraiser in two weeks September the 20th. They have their big cornhole tournament fundraising. I think we're up to 20 plus teams at Minatrista. Be food trucks and lots of fun. um great games, but also a a a great opportunity to raise funds for our school. And they
008will sponsor kids in need. They will provide the teacher celebrations in May to celebrate um teacher appreciation day and and month. So, um if you get a chance, get out there. You can get logged into that on our social media accounts or on Give Butter and you can do a search for the MCS cornhole tournament on givebut.com. >> Been to give butter lately? >> I've not. >> Okay. Yeah. >> A wonderful platform. >> And I think that's it for me. If you don't have any questions, >> any questions for Dr. Reynolds? >> Thank you. Uh we have some seniors with us tonight observing for uh Mrs. Snider's class. I think we have three of you. Do you want to come up to the microphone and visit for a second? Come on up. >> I warned
009the young lady in the back and she's like, "Oh boy." And you don't have to if you don't want to, but gives you a chance to be heard. Um >> Clayton, right? >> Yes. >> Okay. Tell us a little bit about yourself. And >> um well, I'm a senior at Muny Central. Uh, take a lot of APs, in a lot of clubs, and I work hard. >> Yeah. He's in the band. >> Oh, I I am in the band for about six years now. >> Yep. Very cool. >> What instrument do you play? >> I play me. >> What's a me? >> You asked me the same question in 21. >> I I clearly have not remembered >> like five, four years ago at this point. >> Me four, right? I'm old. >> Hey, it's
010okay, man. What is a mephone? >> A melophone it's like a big trumpet. >> Okay. Then >> French horn in the class. So kind of translate to to a French horn. >> So in the future, let's just call it I play the big trumpet. >> Yeah. >> And you may want to go to Rose Hullman and study mechanical engineering. Is that right? >> Yes, sir. >> Okay. So that's fantastic. It's a great school. >> Um a lot of friends have gone there through the years and they've all done real well. So >> Well, I hope I can be >> Oh, you will. Yeah. Yeah, we will. >> Co. >> Yeah, >> tell us about yourself. >> I'm also a senior um at Muny Central. Also enjoy being in the band band program, you know, playing
011tuba in the in the summer band and then bass trombone in the wind ensemble. So, that's a lot of fun. Been doing that all four years of high school. So, it's been a a great program. Also want to go into engineering. I'm thinking Rose Hullman or Purdue are kind of, you know, good schools in state. Um, two of my favorite options right now. >> Okay. And what engineering branch would you find yourself drawn to? >> Um, if I happen to go to Purdue, I'm thinking aerospace. Um, their situation's a little different. You kind of don't get to choose right away, but I would like to go into aerospace. And then, >> uh, Rose Holman doesn't actually have aerospace, so I think mechanical >> Okay. U path. Okay. >> Well, is there anything um you want
012the board to hear tonight about how things are going at the high school? Uh bathroom flooded. >> Which which bathroom? >> The uh one by the social studies. I walked in on that the other day. >> Did we get it fixed or is it still flooding? >> I think they got it fixed, but it was definitely a shock. The water running. Saw it coming out through the hallway. >> Okay. >> Um >> Well, that that'll keep it that'll keep it real. >> Yeah. I mean, not much. I mean, they're doing a pretty good job right now. >> Okay. Everything's going okay, >> I believe. So, yeah. >> Okay. Co, anything from you? I mean, not that I can think of. I think doing a great job. You know, >> these kids are very modest. They
013are outstanding students. Um, tremendous musicians as well. But, uh, they're just >> terrific, high character kids. I mean, somebody we're kids we're really proud of. >> Thank you for coming this evening. Miss, can you can stay there. What's What's your name? >> Lexi. And are you a senior? And you're here for government, too. And you get extra credit, right? >> For showing up tonight. >> Just credit. >> Not extra credit. >> Just straight credit. Did you bring your mom with you? >> What's your name, ma'am? >> Christina. Well, thank you for coming this evening. What do you have any plans for next year yet? Not yet. Well, you've got plenty of time. I I I'm nearly 60 and I'm not quite sure what my plans are. Uh, welcome. Uh, and thanks for joining us this
014evening. Um, we will move on to uh the consent items and your consent agenda. Do I have any questions concerning the matters in the consent agenda? Any questions or concerns? If not, would entertain a motion to approve those items in the consent agenda. >> So move. >> Second. >> All those in favor signify by I. >> I. >> Oppos. Same sign. Okay. I I do want to take a moment on the consent agenda and thank um Raymond James for a very generous donation to the Panther Pantry uh Community Business Connections also for a nice um donation to Panther Pantry and $100 donation uh from Parson March Mortuary uh JRTC in memory of Madison Workman. So, thank you uh to those donors for uh keeping uh Muny Community Schools uh on their as a recipient of
015their gifts. Uh we'll move now, Mr. Derome, to the financial report. >> Uh thank you. Uh in your board packet is the financial results uh financial dashboard and reports and charts and graphs for the month of August. always like to report that uh we're fast approaching October 1st. So we're ready to start finalizing enrollment uh on almost on a daily basis, but it'll be final for sure on October 1st. Uh last year in October, we were 4,908. Right now, it's still looking in that same general ballpark. Uh state our state basic grant and revenue is tied to enrollment. That's why we like to mention that. Uh this year our revenue about 47.6 6 million of state basic grant revenue. That's about 600,000 higher than last year. Uh our headcount uh just slightly under 700 actually
016today. We're as of 688. Uh we did add of course uh 66 employees formerly of SSC back on July 1st. Cash balance still a little over $32 million at the end of August. Still trending that same balance or so by the end of December. uh since we are on a 12-month uh calendar year basis, our state loan is down to 6.4 million that what we pay back the state of Indiana. Um we always like to track that. Uh the rainy day fund balance um um I mentioned that we are doing with rainy day. We are just um just a little over what $4 million uh at the end of August. Overall cash balance still a little over 32 million. Uh basically uh what we show in our charts and graphs for you on our cash
017balance uh we're trending much you know much higher than a year ago and certainly much higher than the last six and seven years. Uh by the end of by the end of December we'll be receiving bond proceeds um for the bond sales for this year of almost uh $10 million at the end of we'll sell the bonds in October October 16th. We expect to close on that by the end of November. We'll sell bonds again uh the same amount in the first or second quarter of 2026 and that's to fund our current project uh that we have on the on the planning stages. Um so we will see a bump. Some of that money will be considered holding company money. Some of that will be considered on our books as a general obligation bond. So
018working with the folks from Baker Tilly for those. Um those are pretty much uh appropriation wise we're we're now four months to go at the end of the calendar year. So at this point last year uh we were looking ahead the last four months uh looking for possibly additional appropriations. We had to come to the school board and ask for additional appropriation which is the authority to spend in the fourth quarter last year. This year it doesn't appear that way. Um so we'll keep watching that. as we continue to spend out of operation fund and rainy day fund to meet our regular operational spending. That pretty much concludes our U report for the month of August. Okay. Any questions for Mr. Derome regarding the financial report? Hearing no questions, would entertain a motion to approve
019it. So >> moved. Have >> a motion. Do I hear a second? >> Second. >> Moved and seconded. Any further questions? All those in favor signify by I. >> I. >> Oppos. Same sign. Okay. Motion carries. Um Mr. Heater, uh we have extracurricular activity and support staff compensation and I believe uh your the superintendent or pardon me the CEO's committee uh has recommendations for the board. >> Correct. And we're going to start with which >> you start with ECA report first. That's what we'll for the ECA compensation. >> Okay. Um, >> you want me to start out with that or you start out? >> Why don't you start with that if you would and then >> I'll start out with that. >> Uh, also as part of the compensation committee, um, we always like to
020take to the school board because state board accounts likes us to do that uh to establish what the pay rates are for a variety of positions, a variety of extracurricular positions uh, during the course of the school year. And this is for the 2526 school year um that we brought it to the school board. These include such things as what we pay for uh after hours for tutoring or such things as coaches, such things as substitute teachers. And what we tried to do is we only made uh I guess you would call it minor changes uh for this particular school year. Uh we changed some rates of pay for tutoring to 1650 an hour for nonert uh $12 an hour for student provided tutoring for the younger younger students. We in terms of coaching or
021any added positions there we added an assistant u middle school soccer if participation is above 40. That was added to our list. That's uh number 57 on the list of coaches. Uh we've also tweaked the girls wrestling in the wrestling program because that's this is the second year for sanctioned IHSAA wrestling. So we've added an assistant coach uh another assistant coach for that and kind of tweaked that. And um that was really we didn't do a extraordinary deep dive into other area um positions or other schools for the ECA. We did that about three years ago and we'll probably have to do that again very very soon, maybe the next year or the year after. So that's what we presented to the committee and um the committee that was a recommendation for the school board
022you have in front of you tonight. >> Okay. >> You didn't compare it to like any other um districts or whatever. So where did you >> Thank you. >> Yeah. Well, well, we if you're about three years ago, it was pretty extensive. We we looked at every every district around us, right? Um >> that information becomes available once um the other districts finish their uh posting of their teacher contract to the DLG website. So, it becomes public information. We can gather it. Uh and we'll we just didn't do it this particular time. We don't do it every year that way. and we did it about three years ago because we were really behind. We were we were behind in some of those categories. So, um that's why we just was kind of like to see
023how we're doing. >> So, you made your number decisions based on just what percentage like what did you use since you did not go out? >> Yeah. What what we basically did, we looked we looked at it internally with our administrators uh in the admin office in the cabinet area. Uh trying to make note of when during the school year when we are aware of uh clubs or activities that needed to be added or subtracted. That's how it impacted our list. >> Yeah, we didn't we didn't believe that a lot of districts are making adjustments right now to ECA pay. So, um, now if we had something internal, maybe two years ago, we, um, we had a robotics, we added >> esports, esports, robotics, heard >> that in the district. I think other districts had
024that. Um, >> women's wrestling was added last year. >> Yeah. So, um, thought we were pretty pretty well in line. I don't think folks are making that big adjustments to their ECAs and really in in any compensation right now across the district or across the state. But um but we'll we'll take a deep dive this next year again and um and make it make to make sure we're still in very competitive. >> Thank you. >> Any additional questions? I'm going to entertain a motion to approve the ECA recommendations. >> So move second. >> Been moved and seconded. All in favor signify by I. >> I post same sign. >> Okay, we'll go to support staff recommendations. >> Thank you. and and what Brad just described is included in in the numbers that'll be reported here
025as we approve support staff salaries. So on September 3rd, um fellow trustees uh uh Jim Low and and Katie um Washburn and I met with Brad Dome and Chuck. Uh we reviewed recommendations that came from uh Mr. Jerome and u uh with support from Dr. Bell who had re reviewed those those increases. What you see here are the recommendations that um were made to the compensation committee uh which we are bringing forward. I'm not going to go through these individually. I think of of important note is that the increases that are recommended here uh represent about $111,000 of increased compensation uh which is about a 1.3% increase on last year's budget or on last year's expenses. Uh but of note what's not included in that amount is the stipend. And if you recall all support
026staff um uh what two years ago, three years ago uh >> dates back actually four years ago. >> Four years ago. Yeah. >> Time flies. >> Um uh we make available to all of our support staff the opportunity to earn up to $1,500 worth of increased compensation if in fact they are in good standing and they retain or remain in positions uh throughout the year. Uh we think that's helped. We think that has uh had an impact on the success to retain those important people that that help our schools run and we know that and we're thankful for all of the folks who are support staff um in all of our schools. So the recommendation um generally increases compensation across u uh uh almost all support staff levels. Um, one of the things that we
027have had to keep in mind, as we all know, um, this is kind of the second stage of our three-stage review of compensation. We start with teachers. Um, we then do support staff and ultimately uh once we have uh our ADM and and know what our state basic grant is, uh, we evaluate uh administrators uh, which will be next. Um, so this is the second uh the second step to to to what we're doing, we're doing about a month later than uh we normally do. And one of the things that we've had to keep in mind as a compensation committee is that uh we know we're looking uh down the road at some tough years with property taxes and the operations budget uh and our ability to to use rainy day funds uh to transfer
028into operations uh to help support uh uh some of our compensation. So, with that being said, these recommendations, as I mentioned, result in about $111,000 worth of increase in compensation for our support staff. Um, the recommendation is to continue the stipen, which is up to $1,500 per um support staff uh uh member. And um with that, uh I guess I'd ask Brad or or Dr. Reynolds if you have anything to add to that. And of course, Jim or Katie, if you have anything to add to the to uh that recommendation, please do. >> Probably the only thing I would add is the how we split the stipen up. The stipen is split up three times where the first stipend is considered almost like a retention stipen paid on September 20th. Uh the next one comes
029in paid on December 20th and then at the end of the school year, it's paid May 20th. And really those days were uh created for us as we uh we had to change our thinking from the first year we did it. It was right uh right after the pandemic and we just did it all in one big chunk and that did not really give us the same impact on retention because people wanted to leave as soon as they cut the stipen. So we tried to space that out and that's why it's uh almost like a retention stipen when you pay it in September for coming back for us over the summer. uh paid on December 20th is almost like a holiday bonus if you will and then right there at the end of the school
030year is why we we changed that to May 20th. So, that's a little bit of the origin story how we do the stipen and you to be eligible for the stipen. Uh, number one, you had to be here long enough um uh to to be able to get that and I say long enough, you had to be here almost at least 90 days with the exception being um the first one all those SSC former employees were eligible if they were brought over as of July 1st. uh we made those folks eligible if they as long as anyone is not in pay loss status by that point. So that's really all I needed to add for that. >> Okay. Any additional questions? >> Want to thank uh the committee and Mr. Derome and Dr. Reynolds uh
031along with Dr. Bell for putting these things together for us. If there are no questions there a motion. >> Move approval. >> Second. >> Moved and seconded. All in favor signify by I. >> I oppose. Same sign. Thank you. Uh we'll move on to the strategic plan 25 through and those I think everybody here the exception of Dr. Washburn taking us back to 2018 when the partnership commenced. uh the state within the legislation had required my community schools over the course of the uh next 24 months uh to put together innovation plan. We completed that and filed it with the state I believe in June of 2020 which was an interesting time and uh with that uh the innovation plan is the broad overarching document and that remains um in effect and and remains viable.
032At the same time, we did our implementation plan which was our strategic plan and it was a five-year plan uh and that has come to an end. And so the this plan is uh the new plan uh for implementation over the next three years to continue working on our two foundational pillars and our five strategic initiatives. So um want to thank uh Dr. Reynolds uh and the leadership team uh Dr. Quacowski who worked as a consultant uh on the strategic plan closely uh Mrs. Spell in my office for going through and editing uh the plan. And then uh all those who participated in the community forums last spring who continued to give feedback regarding uh Muny community schools and what was going well, what needed attention. And this plan attempts to uh build on those
033successes and shifts gears in a couple places. But I'm very proud of this document. And I think it does give us uh a meaningful framework uh to move forward over the next three years and to continue building on uh the success of the partnership. With that, uh Dr. Reynolds, do you have anything to add? >> No, that that's tremendous. I just wanted to make sure I I we thanked everyone that participated in those conversations and and um and all the work that everyone had put into that. We spent a you know two and a half hour work session going through it and working on it, making those adjustments. So thank thank you all too. >> Any any questions regarding the document that's in front of you? It's it's very rich uh in terms of um
034its content and its goals are admirable and and certainly attainable. um you three seniors in the room when we started this project uh seven years ago, you were I believe probably in fifth grade if if that gives you a a frame of reference in terms of this process and how we've continued to try and improve and build on the rich heritage of Muny Community Schools. So, thank you uh for being with us these last seven years as we've continued to to try and do better. And this document I think will uh for those who are in first, second, kindergarten, preschool, this document will continue to to build on those successes that you all uh have have had the the blessing of enjoying. So again, thank you for being here this evening. Anything further on the
035plan? >> No, other than you may have said this, Dr. Williams, this is posted on the Muny community website. >> Yes. >> Okay. >> Tomorrow. The old one has >> the old one has. Okay. >> So just u for uh frame of reference the foundational principles undergirling everything we do are student success. First foundational principle. Second continuous aligned and strategic professional learning. uh within student success. Uh it is uh the continuing goal of Muny Community Schools uh to meet our students uh where they are socially, economically um and as we celebrate the rich diversity uh of MCS. Uh our pillars of focus are high quality prek and that will um at the at the risk of of not I don't want to be negative. I certainly want to be uh clear um the actions taken
036by the legislature in in the last session will make that challenging uh in the upcoming three years as on my way prek has suffered significant cuts along with what are called CCTF vouchers. Um but uh we will continue to to work through it and meet those challenges as best we're able. Pillar two is the recruitment, development, and retention of educational leaders. I'm proud to report that our retention uh rate uh was is somewhere in the range of 85 84 to 85% uh this year and that's up u by double digits from where it was when we started and that uh speaks to um the leadership uh Mr. Derome, Dr. Quacowski, Dr. Reynolds uh and the board in our commitment to uh workplace um happiness uh compensation, the professional de development that we've offered. Uh our
037pillar three is student centered teaching and active learning. You know, there's no greater example of that right now uh than our willingness to participate in the Monasuri experiment at Camp Adventure, which is a remarkable um opportunity out there. Uh pillar four continues to be social and emotional learning and pillar five family and community engagement. So with that, um if there's nothing further would entertain a motion to adopt this strategic plan. So move. >> Have a motion. Do I hear a second? >> Second. >> Have a second. Any additional questions, concerns, or comments? >> Okay. All in favor signify by I. >> I. Post. Same time. Okay. Thank you very much. Uh, Mr. Derome, budget adoption. >> Uh, thank you. Included in your board packet is our, uh, required budget adoption. Uh, our Muny Community Schools
0382026 budget uh must be adopted on or before November 1st. Uh, the capital project plan and bus replacement plan must also be adopted before that time as well. Per our budget timetable, our 2026 budget, the capital project plan and bus replacement plan were advertised and posted by August 14th, 2025, as well as uploaded on the state gateway internet portal, plus our own district website. The public hearing on our 26 budget, the capital project plan and bus replacement plan was held on August 26th. At the board meeting uh tonight, the board will need to adopt the 2026 budget and the tax levy for the Department of Local Government Finance. Obviously, the board members will need to sign the appropriate documents and forms. Uh what we have, we have five resolutions tonight, and I'll just briefly uh
039give the brief summary of each one um that we will be adopting. And it's my understanding we can take them all as one particular vote. Uh we're going to be resolution number one is to approve the 2026 capital project plan. Also to approve the 2026 bus replacement plan. Both those particular items, capital projects and bus replacement, they're both embedded in the operation fund. Uh but they're still required for us to treat those separately. So that's why we do it that way. Uh resolution number three is called the line one and line two reduction authority and that is so I have authority to reduce the budget if there's any errors or corrections that need to be made with the DLGF auditor when they work through our audit or work through our budget over the next few
040months. Uh that's just what that uh allows me to do. I can't we can't raise the budget only reduce it. Uh form four, that's the actual state form. That's called the adoption ordinance uh that all the members of the board must sign either yay or nay. Uh the last one is just always to uh provide to the department of local government finance the incumbrances. In other words, whatever our purchase orders were that we carried over from last December into January, that becomes then part of the appropriations for the new budget. So I always like to have that as a separate approval. That concludes the five resolutions and we would just be looking for a motion to approve all those items as described and presented here tonight. >> Okay. Uh you have the the five resolutions
041have been described by Mr. Derome. Uh do any board members have any questions, concerns or comments regarding those resolutions in the budget as advertised? I was trying to figure out what a plan was for a good while. >> So, there's a typo for those who can't see it. >> Um, if there are no questions, would entertain a motion to approve all five resolutions uh in the aggregate. >> So, moved. Do I hear a second? >> Second. >> Any additional questions? >> All those in favor signify by I >> I post same sign. Thank you. Uh thank you Mr. Derome uh for all of your work on that. Um that's a a very very important task and we're lucky to have you doing it. And again, this is um uh a our what seventh budget I
042believe and it's in the black projected. That's getting tougher. I know >> it's getting tough. >> So, uh but uh we're proud that we're there. I do and I'm going to start talking about this with some regularity um because it's um derivative of what the discussion we just had regarding the budget. And school funding in Indiana is put into two buckets. The education fund and the operation fund. The operation fund is funded by property tax revenue and it funds things like transportation, maintenance, insurance, uh security, uh our buildings, um utilities and those expenses obviously haven't gone down over the last several years with the education fund is funded by the number of students we have uh enrolled at Muny Community Schools uh and the state allotss an amount of money somewhere between what 7 and
043$8,000 or so per student but then is distributed uh to uh my community schools uh in order to deliver the education curriculum teacher pay uh administrator pay in some instances um and from that admin uh education fund uh we can transfer up to 15% of the money received received from the education fund over to manage the operation fund because the state has recognized at least one would think that the money being distributed for operations is insufficient to meet um the operational financial demands and my community schools is no different. Uh we are situated in a place similar to many other uh school corporations, Marian, Richmond, Cookamo, Beach Grove. And as property tax reform has lowered property tax bills and circuit breaker tax credits, the money allocated from uh the community's levy has decreased and will
044continue to decrease. Um, for example, in 2025, pursuant to the levy, um, we would have ordinarily been slated to receive uh, 14,253,262. Uh, the circuit breaker tax credits are 11,056594, uh, which that reduces that 14 million. And so ultimately, in addition to some other funding sources, we had distributed or received for the operations fund this year a little over $5 million. Our operating budget for 2025 was 11.5 million. Now you don't have to be prepared to study engineering at Rose Hullman to understand that 5 million being distributed for operations is not 11 million which is needed to pay for transportation uh security maintenance buildings. Um we're 6 million short. So we are transferring money from the education fund and from the rainy day fund. Rainy day has a little over four million in it. we
045were able to build that up early uh in the partnership in order to make those ends meet. Senate Bill One passed in uh this last leg legislative session further uh creates additional property tax cuts and benefits uh for homeowners including a $300 credit. And so right now uh for say 2028, Muny Community Schools is projected to receive uh in property tax receipts $2.5 million. In 2021, we received $3.8 million. That was seven year that will be seven years difference between 2021 and 2028 with historic inflation in between those two digits. Um, we are projected in 2028 to have operating expenses of 13 million. That means we will have to find 11 million someplace in order to fund the operations of the school. And at some level, it cheats our students and our teachers and our
046community to continue raiding the education fund in order to deal with the operational fund. There are not easy answers to this. uh but I do want to describe the issue for those who are out there and that's the reality of so 20 2028 and 2029 the impact of SP1 absent changes from the legislature will be nothing short of catastrophic for any number of school corporations including my community schools. So uh that's not positive but I'm going to talk about it. It needs to be talked about. >> Okay. Uh any questions concerning that? >> Did you talk about the textbook funding and how that affects us? >> Well, I can uh the state >> I'm not sure >> in in terms of the education fund, what was reported was that we had received a very modest
047increase to the education fund. my memory is uh >> less than 2% and that total number was about 350,000 >> 350,000 >> $350,000 was added to the education fund. However, in so doing uh the state uh cut the textbook rental fund. >> Yeah. TBR for the two previous years was paid to us $160 per our enrollment count. So that was roughly a little over 750,000. >> So the the textbook fund that we received $750,000 annually from the state uh for based on our enrollment was taken away. So the $350,000 increase to the education fund in reality was a $400,000 cut. So that's um again you don't have to be preparing to study engineering at Rose Hullman to do that math. Okay. Anything further? So uh on that note any media? Okay. Uh anybody want to
048adjourn? >> Wait, I just want to say I love this new village. Like I love the whole platform. It's pretty cool. I watched our motions pass in real time here. So, um, but it's so easy to navigate. So, thank you. >> Thank you. Thank you. >> And I just want to say I'm going to go to the Indiana State um school board conference by Tuesday. >> Thank you. >> So, um I'm excited about that. >> Thank you. I I thank you for doing that. >> Any additional questions, concerns? Thank you seniors. I wish you all three the best of luck this year. uh enjoy your senior year um and continue to work hard. >> Um a lot of things going well out there. >> So if not motion to adjourn. >> So moved. >> Motion.
049Any further discussion or questions? Okay. All those in favor signify by I. I >> oppose. Same sign. >> Thank you. We'll stand ajourned. >> Something that I can move so that I could have went I really like I'm actually a delegate. >> No. Yeah. No, good. >> So, I'm driving back and forth, >> but one good >> be good.