001[Music] when we're done yeah and then the shoulder surgery so yeah that's why I'm glad I didn't work for you because I know what happens when um but they went in there and they looked and they didn't have to move the bicep tensions did you have to cut it and move it yeah yeah I I'd actually if they did that I'd still be this one yeah six to eight weeks um the rotator cuff was okay they said they didn't need to do any comparing just within the Rotator of the time I just went in and shaped some phone and had to look around and everything else I'm working on it you know good quality used I'm not going to certified certified pre-owned come here foreign [Music] hello um Shelly and when we get to the
002low cost pledge allegiance of the United States of America and indivisible with liberty and justice please enter the conference actually [Music] this is Allen yes Mr McGinley Mr olowary you're good Mrs guys all right we're all here and uh initial for the agenda [Applause] any discussion yes Mr mcgibbon yes hollering yes all right uh can you call the Public Public let's get right on to the annual financial report yes thank you all for having this special board meeting so we can take care of this um it's actually due to Ade on the 15th while everybody gets out on break and this is also yeah it gets due prior to our next report meeting so I thank you all for having the special board meeting so we get this approved um a couple things I wanted
003to go through on the AFR just you know you know hopefully get some questions answered prior to them actually being asked on the second page which would be page two of nine of the AFR you'll see that we had a 3618 increase in school's monster co-curricular activities this is due to us not having Athletics during the covet years so that's more of an actual reflection of what we will be spending for a year with little curricular activities uh you'll see within regular education we increase spending over the previous year by 9.4 percent within special education we increase spending by nine percent within Pupil Transportation 42 percent within our K3 reading program by 5.2 percent and a total expenditure within our ml budget of 10.8 percent on the next page is the classrooms icon um if
004you remember we talked about how much of a payment we were giving out to our teachers well if you look in that bottom right hand column of the ending unbounds we spent all about 1 697 so everything that was supposed to go to teachers did go to teachers so that's that's a really positive thing in my book on page four of nine one of the things that I wanted to point out this is under our unrestricted Capital outlay this is so this would be our Capital funds um line number five which is Operation and maintenance of plant you'll see that we increase spending there by 1218.8 percent you know so we are working on getting things fixed around the district and getting our facilities and our buildings up to the standards that they need to
005be I don't have anything for you on page five this is just federal funds federal state funds on page six um if you look over on the far right corner there's a box that says miscoded so I just wanted to address those two real quick the first one for 69 224 if it's under the Community School that was actually Federal funding that we received for the preschool program so that would not go I'm not sure I know exactly where you are okay I'm on page six of nine okay the far right hand column yeah it says differences miscoded revenue is an accounting data let me come on over and help you out yeah I'm sorry I'm just uh right there oh okay all right okay so 69 224 that one yes okay so those were
006actually federal funds that we received it wasn't under any sort of a grant or anything which has never mind it's not something that would normally show up in a 520 account which is a cash compounded it's a it's a cash account so it wouldn't normally see a couple of funding and then the last one there for 142 386. that is in under fund 855 855 is not normally are recognized part of the accounts but that is where we put our employee big benefits so that's why that figures are so I just kind of wanted to address those two prior to the to those actually it's a 69 000 restricted it gets restricted to just a priesthood all right any use in for example just it has to be used somewhere it just has within the
007preschool program so it can go towards salaries within preschool it can go towards a new playground they can go towards sensory items because as long as the only other caveat it has to deal with is that the department so if it's a calligraphy it's a playground equipment it has to be that successful okay page eight of nine this is something that I think a lot of you would like some understanding of or some background not we finally have students enrolled and gifted so we have got those kids that we identified and it shows that we have a total of 13 within those categories and honestly it's only for 10 students we did have a couple students who qualified in multiple areas so one may have qualified but then qualitative reasoning and verbal reasoning at the
008same time and or or all three so just so you know that we did have students that that qualify within the gifted in multiple categories page an item nine over on the left hand side of the screen and on the on the reports in front of you I just kind of wanted to put your attention towards the utilities and the energy detail and it's the third box from the left on the bottom so that's 64 10 64 11 that 8 827 that's what we spent on water and the 6620 through 6629 energy at 263 370 is what we spent on the electricity unleaded and diesel fuel so just to kind of give you an idea of what our utility bills look like I mean with adding the fuel in there it doesn't really give you
009a good idea of what our actual spending was on the electric but know that it's right around 220 000 over the course of years and that's fuel for the buses foreign I I knew this before I walked in here but now because I'm pretty sure I'm pretty sure it's Farmer's walk it is and that is all I have that I wanted to highlight within the AFR um so now I will turn it over to you Mr President to do your thing do you have a motion to uh through the October 6th version of our video have a little discussion I'm leaving down there I have a quick question yes ma'am um on page four um student transportation in the first section uh 2700. um under property 128 is better at least payment on the bus
010I know that is not that would be the purchase of two new buses or I'm sorry I'm the purchase of the two bands okay and the Marshall and then the payment on a new box so yes so it's one bus that was purchased into two bands okay and then in the second box um they're under vehicles the fingers a little bit off the pretty close 123 473 so the vehicles is specific to itself um when you're talking property 6700 that takes care of the entire range of everything that's within there this is that bottom is actually just kind of giving you a breakdown of a more specifically okay all right thank you man don't forget to add anything to go through it I think one of the things um right true but the spreadsheet doesn't
011accept it only accepts on numeric foreign no no there is not there are there everything is everything is Formula driven coming out of a an uploaded database with our problem our financial information and a lot of it is pre-loaded so everything that is in here is coming from our accounting software there are certain sections that require manual entry and those looks in one of those sections is that page with the uh the enrollments of gifted students so you provide enough with a PDF document correct yes ma'am well you know there's a couple of things that I'm sure can come up but boy are we doing well huh we threw out all of the funds we have just right around 1.5 million through all of our funds or if I remember a lot of those funds
012are restricted to you know like get some donations those are restricted to what they are donated for um just like within our cash balance accounts that we actually have um our cash controlled accounts there's just over forty thousand dollars sitting there so you know we're doing we're doing pretty good what's the probability that we would have ever had before [Music] let's see if we go back to page two that has the expenditures Within mno you see that the budget was 7.2 and we actually spent 6.8 so that means that we didn't spend roughly 350 000 worth of our MMO funding so with that being said you know and please remember that part of that raising why we didn't spend that because we do budget for the occasionally you know the opportunity of hiring a teacher
013if it comes up direct throughout the school week or so to answer your question of canceling band or PE it's not looking likely and would you attribute that to the override yes I would because the override provided us with an additional 580 thousand dollars so 1.5 million is that correct yes but real remember that is all funds within what the override provides we are only carrying over 350 000. yes ma'am roughly so without the override we would have had that to reduce spending in other areas thank you what would you say is a comfortable carryover in comparison to the other um but we're looking at about 4.85 and in our map so what would you say is going to be a comfortable area so in all honesty I would say four percent that was the
014standard that had been used for years until a few years back where they said that you can carry over as much as you want um but I think a four percent between four and five percent is a good carryover amount and when you Benchmark that against other Elementary School Districts between kids or that okay um [Music] I will be 100 honest with you man I have a lot I haven't looked at what other districts are carrying over and and to be 100 honest I don't care what they're carrying over because what they're carrying over has no bearing on what we were doing here in Continental right s so that when we were looking at people moving into our district we tend to defend in what we're doing so we need it to be Layman friendly
015all right anything else um so any carry over money that's that's temporarily invest it or I saw I'm trying to find it here I saw it earlier okay so what happens with the carryover it gets put into the next is it the following year of the budget all right and it is whatever carryover we have reduce it so just to use round numbers okay if our budget is 7.3 million dollars next year and I am carrying over three hundred thousand dollars this year the taxpayers will only have to cover 7 million because they've already paid so does that make sense yeah just a couple of questions um Greg um I'm sure there's an explanation about some of the numbers in the AFR differ from the district financial report as of fiscal year end and I'm
016not exactly sure why that should be like salaries in Illinois was about 19 000 different uh purchase services around sixteen thousand dollars difference between the two documents what would you explain that so at the end of the year we have what's already conference period okay so when you've got your report ending June 30th we still had bills to pay in July in August that were that were receivable in the prior accessibility but wouldn't those have been showed as a committed fund they they should have been are they they are on there as I think Congress yeah so that is within there so that would not explain the difference because I'm taking a little expenditures plus incomes would an incumbent citizen that's the total expenses for the year in in the district financial report and I
017just I just don't know why the law should be done I don't know where the numbers it can speak up so we're going to have to I would have to look into what we did traffic back to you I mean it's not significant I don't mean this no no no I just it just seems to be that the two documents should be at least relatively close together um on federal expenditures what's the difference between the federal expenditures of 947 thousand dollars on line 14 to the age nine [Music] and um the federal project funds totals of 710 000 on page five line 18. okay on page nine where he's at age nine length um online for work team this is from the federal funds it's just 947 528 I mean I need to be two
018totally different things I just I just don't know and you're looking not understand what the difference is and the other one is and then on page five uh uh line 18. which shows total federal project funds and it's only um for well total actual expenditures is actually 469 okay so it's too different you're looking at two different ranges of data on H5 you're looking at funds from 100 to the fund 3.99. okay so all of those funds that fall within Tech category on page nine you're looking at funds beginning fund001 and then going for 7.79 okay so you're looking at more funds which would show you before um and I guess finally just again comments someone with that everybody else has seen and then keep it picked up but I mean I show like a
019million three um in carryover or whatever in the m o uh budget the physical world um that includes of course the balance that was available before the year began how are you getting a million three sir I'm just uh [Music] that was the case we would have only spent about five million dollars I'm gonna have to uh check here a minute because I've got about a million three total and again when I said a million five it was a rough estimate about it I'm saying there's another one Million numbers on the summary page of uh summary page one if you add up the ending fund balance the ending fund balance of all the restrictive accounts it's about a million one and and I'm saying I mean you got over half a million just an extra
020just extracurricular activities fees and give some donations the other half a million just right there and then you've got all these other restricted fund accounts correct if those all add up to about a million one million one okay so that's in addition to the mno is that you know we are constantly criticized in the Press that we underfund education and I see numbers like eight thousand seven thousand dollars per student that we spend in Arizona I see a continental for spending about fifteen thousand dollars overall so it's a lot of money and it's nowhere close to what I'm reading in the Press if you just take our m o budget belong of 70. some odd million that's over 10 grand almost 11 Grand per student but we have here right now which was just Far
021and Away above what you read in the press as far as how we're funding public education in Arizona and um and the other piece of it is if you add in the federal funds and all the restricted funds that we have that number goes to almost up to fifteen thousand dollars and I also understand that some of those federal funds are non-recurring especially the Esther class that are in there but I just think that it's it's a perspective that we need to look at here that at least a time now we're funding our students at a much higher rate than what the overall um we're doing our best and if I can provide a little bit of clarification when the president does say that they are not taking it into account in any uh non-proceities
022they're not taking into account any overrides because not every District can provide a road um they're not taking into into account the tax credit locations I will be honest with you I just at the my previous District I have 2 600 kids in the hospitals I have never seen this much tax credit money yeah our our local community is willing and able and more than happy to give the Continental School so yes we may be closer to that 10 and 11 000 for student work yes due to the generosity of our community um uh we actually only received 647 thousand dollars for sales tax income from from that Alaska school year even though we were budgeted to 758 yes why would we have a hundred thousand dollar difference between budget National um the reason why
023is we had carryover funds from previous years if you remember I started talking about plastic fund and like you said that we had quite a bit of money that was sitting there that's allocated to go to teacher income and it hadn't been and my goal you know and unfortunately I didn't get Michael I spent too much money because I wanted to keep about ten thousand dollars within there so I spent eighty four hundred dollars more than I expected to but our teachers got the money that that they so well deserved and that is why there is that difference between how much was budgeted and how much it was actually received that's why our payout last year was almost what we 15. the business doesn't had all the other funds okay we have uh do you
024have any questions sir I feel right along this is about it here do you have more comments well I just I I mean I didn't want to describe the important about benchmarking because maybe [Music] he's saying that the gifted and talented programs in the state of Arizona are about population which would put up at about to do responsibility and then 15 7901 how was the duties of the tools to visitors and education and that is as you all know in this is one of my things and everything's like that on the board and while we're moving ahead um I don't I don't see any strategy built into the budget any Financial strategy that would support the position units that we need to apply to get our different programs [Music] moving ahead statutory responsibility for written
025into the Arizona we neglected it for years and we're there now and I don't see any Financial strategies to exercise and um you know when you take an annual financial report like this is just um responsibility my comments on the annual funding report I don't it's in the middle of the boat this is just um okay Stalin yes Mr mcgibbon yes discussion so with Miss guys are you still there yeah okay so just so you know we have tested more students right now we have a 15 that are in that ninth day nine and those are the ones that we would actually get funding for from the state it's a new weighted category within the budget so we have been testing kids we have right now we've got I think there's a total of 30
026that are within this seventh day nine seven through nine seven through ninth day nine so we have been testing these kids we are moving these things from over so the other those other 15 students we are funding them out of regular educational funds there just isn't a specific line item within the budget or within the AFR um and please remember the AFR is showing you where we were to June 30th of last year including the end conference we're going through September so we are testing those kids we are getting them identified I just wanted to hopefully put your mind at ease with that um yes and please note that you ask our administrative staff our special ed department and our screeners are doing everything they can to to find out who those children are absolutely
027thank you thank you ma'am no you don't have to think that you just emphasize and then you have to sign your taxes [Music] thank you that's real okay that we will go on the journey to me see y'all a couple weeks [Music] um