001board today is tuesday october 13th there is a need for an executive session the executive session will be in the first floor conference room governing board may convene executive session for legal advice with attorney regarding teacher evaluation that's item one on our work study agenda is there a motion for executive session so moved thank you mr jetty is there a second thank you miss humphries any discussion okay all those in favor of the motion please say goodbye by saying aye aye all those opposed the same motion carries 5-0 we are adjourned to executive session actually not adjourned but recess to executive sessions yeah here we go [Music] uh i'm not talking at all is [Music] okay he said right after anybody already you want to be fair my husband i was gonna say i don't
002think my high school principal knew my name oh uh oh all right we can begin the exit the work study session it is six o'clock it's october the 13th tuesday and this is the gilbert governing board we welcome those of you who are watching proceedings online through live stream we welcome all those who are present for the presentation this evening we have two presentations and we're calling to order and would like to just state for the record that all board members are present for this work study session and item number three is a presentation discussion of topics item 301 is health benchmarks update and then item 302 is the fy 2020 annual financial report so i will defer to dr mccord for item 3.01 thank you dr santa cruz governing board members uh tonight i
003just want to give you an update like we've done it most board meetings since benchmarks have come out give me a second while i connect okay arizona department of health services health benchmarks we also have maricopa county as they pertain to gilbert public schools i want to make sure you can hear me for the entire county data this is what's displayed on their website and they update that every thursday if you look in criteria one uh 48 per 000 uh the benchmark is met if you'll notice again on that one particular benchmark there's two ways to meet that um you only need to meet one of them in order for that benchmark to turn green that is trending up uh the week before was 44 per hundred thousand criteria two is percent positivity that's at
0043.8 percent trending down before it was at 4.1 percent as last reported uh for the week of september 13th and criteria three we've leveled off at two percent uh for hospital covered like visits and so that is our current health data that was reported again last thursday for gilbert public schools boundary information this is just a depiction of where you go to their website you click on our district boundaries after you put in our name in the little search bar there and this information pops up gives you the current data as well as prior weeks and i'll go over that on the next slide current week uh reported on october 8th for the week week of september 20th through the 27th uh it's 56.66 1 per hundred thousand uh for case rate uh and they
005classify that as moderate risk uh criteria two is and again that's trending up and criteria two percent positivity is at 3.66 which is minimal risk that is trending down and uh criteria three hospital visits 2.0 percent uh that's green that's leveled off and you can see the current week which i just reported on in the prior week right next to it and those percentages just a side by side comparison of those same exact numbers related to both sets of benchmarks again no need to re-explain those same numbers i just wanted you to be able to see that and then over the past four weeks here's where the numbers look like again you saw last week or this uh reported on the 8th and then again you can see each week prior for the last four
006weeks and where we look like criteria one four weeks ago we're at 43 and now we're currently at 48. we dropped to 32 pop back up to 44 the prior week and in criteria two we've hovered around 4.0 percent between 3.8 and 4.1 and then again for uh hospital business criteria three we've covered right around uh two percent so i wanted to make sure you had that for the county and then for the school district uh boundary area um four weeks ago as reported it was that 33.79 and currently we're 56.66 and again that number has gone up and down uh over the past four weeks and we are currently trending up criteria two four weeks ago was at 3.33 percent and from last week it was 3.69 and or the week before that it
007was 3.69 reported on october 1st and for october 8 it's 3.66 again and again uh the it's leveled off at two percent for the last four weeks for criteria three copied-like illnesses did you want to say something mr carr so dr mccord if i as i look at this data what that indicates to me where the positivity in the cases per 100 are directly related uh your number of tests per positive test is the numerator in both of those numbers so if our percentage is staying the same which it pretty much is what that indicates is that more people are being tested and that's why your cases per 100 are going up and if you look at the raw data behind that that that validates that that people have back in august 30 september 5th
008we had a lull in testing and then it subsequently has picked back up so we just we need to understand what's behind the numbers but we will we will follow these metrics as we've committed to i think that's a great point to make there and so that's a snapshot of the last four weeks for our boundaries and the county and that's it just wanted to update you on these i have a question and it it has to do and it was a few weeks ago where we had somebody sent us a form with it had all of the counties in arizona and it had maricopa as being in yellow correct why can you explain it i know you can't explain it but you're getting all of our information just directly from the arizona department of
009health services and the maricopa county website as well everything that's reported there every once i think a couple weeks ago they put up that chart you were referring to where it shows one county in the green i think that was greenlee county and i checked on that again today it looks the same to me i don't know why necessarily or when they started to put that up but that definitely wasn't something that was up at the beginning of all this and so it was put up the week of um probably about the 14th or 15th yeah because i i had for september yes i had a previous startup i looked at it one day and then when i clicked on it the next day it had changed and i still had the tab up on
010my computer to see that they had changed the charts and i are you finished yes i have a second question i note i read somewhere in the paper today that i think it's pinal county went in and closed a high school they did um is that is that a possibility in maricopa county too when we make i mean not not us specifically but it hasn't happened yet to my knowledge in maricopa county i think what happens and and i don't know the specifics about panel because i don't i read the same article and i don't think he gave a lot of specifics and that was it in the florence school district i believe um i would take direction and recommendations from the county when it comes to that you know you'll see they also have
011a section and i can't remember which website it's on off the top of my head but they talk about outbreaks and i think that's a pretty pretty strong word because it's two cases or more and they have to be related in some aspect you have and what's interesting is you have a lot of districts now surrounding us that have put up dashboards that started today which i think is great you know chandler uh was the one that started that off and then we we followed behind that and i think mesa has one now higley just put one out there and you'll see on like mesa's dashboard they have a couple high schools that have five active cases but they're not shut down i think what we're required to do is put information out to families
012and staff and students that say this is considered an outbreak based on the criteria from maricopa county i think shutting down a school is either it's directed by the county depending on how many students or staff have coveted on that campus that are active but i also think that as a school district we have the ability to do that as well if we need to be so i don't know the specifics behind pinell county other questions about that all right well i do appreciate that we're keeping careful track we are we update the the dashboard every wednesday and again just as reminded everybody that cases are they they go on and then they drop off depending on the timing of when symptoms were started depends on when it was reported and jennifer frost our director
013of health services does a nice job keeping all of that straight and reporting everything to maricopa county and taking guidance from them related anything that we need to do as a school district and so again we will update that again tomorrow and the you hear a lot sometimes from campuses oh we hear this kid has it or that staff member has it but we we don't go by rumors we go by confirmation and so i think that's real important and and we're a school district and we have you know 33 000 kids and 4 500 employees of course people are going to make some assumptions about different things but we make sure that everything that's currently active is put on that dashboard because we don't we don't want to mislead anybody related to that so
014dr mccord how often are we communicating with our families as it relates to the home protocols and testing prior to coming to school we put information all of those things in our weekly newsletter uh we we try to emphasize um you know all of those protocols places where they can go to look them up and and and read through them and see videos related to that and so i think there's a constant reminder out there that don does a really nice job when it comes to our weekly newsletter and we're basically working off an honor system there that that the information is coming to us accurately and honestly is that correct that is correct thank you and thank you don for the continued communication with our families i have one more question when you when
015we do report something to the county do they send somebody for every report they don't necessarily send somebody they that individual whoever is in charge of their there's usually like a team and so they will investigate it whether that's making they'll make contact usually it's by phone to families and we'll give them information like if there's somebody that is ill at a high school will get seating charts for their each of their classes on their schedule and determine based on where they're sitting who might have been exposed and again a lot of that comes from interviews as well from the county dr mccord in determining when a name comes off of that list or not names but the numbers change how do we determine how much time goes by who's who set that stand county
016health department um it's 10 days from the time you're symptomatic that the symptoms are reported and for those that have to quarantine it's 14 days and so it's it's different but they're not they're not going to be in that number because they've just been exposed unless they develop it they won't be in that number any any active coveted cases no exposures or quarantines are related to that number and i just and and the answer i just wanted to make sure people understood that we are following a county standard that's not that is correct that's not a determination we've made on our own we woke up and decided one day that's and i think that's good because we're an education system not a health care system and so getting that guidance is important to us and
017uh being able to rely on that so it's been it's been good it's been very helpful i know some of our neighboring states have followed that exact same number 10 days from exposure 14. i read that just earlier this week that one of our neighboring states has changed that for quarantine students and it's now uh i think it's it's now they can come back with a negative test i think it's i think it's for three days or four days i can't remember what the article said and a negative test from exposure do you know if our county is considering that well we've asked them to consider something like that just because we we do hear from families and it is difficult that have to quarantine i guarantee i know it's for a safety reason but
018it's also hard to understand that the person that actually has the virus is only 10 and 14 for those that were possibly exposed and so uh i haven't got anything else back from jen related that i know she posed the question but i haven't heard back yet this may be a a segway of some sort to our next topic but i'm i'm just curious if we've seen since we're just back from a break any increase in enrollment that would have a positive effect on our finances as we move down the road here have we seen any trend upward there so i would love to tell you the right answer to that right now but i i want to give it a few more days just because of when individuals at schools put information into the
019system i know that several students dropped off the global went back to the campus you know i saw a number just a number of like 240 over break left global and then today when i looked at our system it looked like we had a jump of about 370 so i i get excited at first but at the same time i'm like we got to let this level out for the week it's kind of like at the beginning of the year you know our numbers are all over the place um and that's kind of what i want to have happen now that sound about is that a good answer miss betts i i don't want to be premature but i i'm hopeful that that phenomenon will occur so i will move to the next topic that
020there are another one can i just correct something i just quickly looked up the neighboring state of quote it has moved it to a 17 day seven day quarantine to reduce it from four to fourteen to seven seventeen i was like quarantine with a negative test but i since i threw that out there i wanted to be accurate to the public gotcha thank you mr carr any other questions for dr mccord related to covet data so we'll move then to item 3.02 the fy 2020 annual financial report dr mccord i will turn this over this is our our annual report for uh our finances i'll turn it over to ms betts who i believe is going to turn it over again so good evening dr franciana cruz board members first i wanted to introduce the
021finance team that really gets into the details of both the annual financial report as well as all the budgets that are presented to you on a regular basis so first i wanted to introduce miss jackie matinen she's the director of finance and she's right behind me she will be presenting to you this evening as well as pat donahue she's the internal auditor and um ashley miranda she's just been promoted to our budget coordinator so the four of us have been actively working over the last couple of weeks to make sure that we have all the information correct on this very important report so with that i'm going to go ahead and step back and hand the mic over to ms matin welcome miss mattenan thank you goodness good evening dr mccord dr santa cruz members
022of the governing board as miss betts stated i am here to present the fy 2020 annual financial report before i get started i would like to take a moment to recognize pat donahue and ashley miranda they worked tirelessly for weeks on this although it is only 9 or 10 pages it took a tremendous amount of work to put to put this data together so thank you ladies i'm glad that you are on my team or i'm on your team we're on the same team so this report is unaudited our final audited results will be presented with the kafir in december this report consistently shows the budgets and expenditures that have been approved throughout 2020 i need my notes so i don't forget anything today's report includes afr items to note we'll talk a little bit
023about teachers salaries revenues and expenditures specific fund details a slide about tax rate history and then appendix so overall there was an increase to mno and unrestricted capital spend um as you know we approved compensation increases and there were increases to whoops increases too sorry about that increases to on the benefits rates also increased allocations to athletics and schools capital the elementary and secondary school emergency relief fund or esser we were we have been approved for 2.3 million dollars there has been no expense to date from that grant and the enrollment stabilization grant we did receive approval late last week but we don't know the amount yet we will find that out in mid-november because of these awards we will expect an afr revision we have a phone call with the auditors to find out
024a timeline but we're hoping possibly december we budgeted 11 million dollars for a budget balance carry forward into 21. we do anticipate that that will be slightly higher after ade's final reports come out and then the appendix at the end details significant year-over-year variances and expenditures are related to the afr so average teacher salary this is on page seven table h this is um this slide was taken also from the fiscal 20 budget and is also on our website so you have seen this before there's uh sorry about this i should have mentioned this we did we put in another slide um we wanted to share this slide again you have seen this when we did the propose and adopted budget in the summer this is the actual salary of three specific teachers from the
025base year of 2018 through fiscal 21 these are teachers who have been here throughout that time period and the overall commitment from gps has been 18.5 and as you can see the average is 18.69 and miss miss matt that differential differences from the 12.2 because you have a mix of teachers you have experienced teachers who have left with higher salaries that are then replaced with brand new teachers a lot of first-year teachers that have lower salaries that is correct yes as you say it would in thinking about the way the state has asked us to do this it makes sense if you have a everybody stays the same but because people change um it really is just an indication of the people who are currently here compared to last year but it's not a certain
026teacher having received that salary it's just an indication that is that is correct thank you and it really depends on when we pull the data and it could change by you know in if we pulled it in october or pulled it in january we would probably have a different average salary i i also wanted to point out the 12.2 percent on this this this report only goes through um fiscal year 2020 2020 correct and so that also includes as well so that's another reason there's such a big difference between 12.2 and 18.5 because that includes the um what we approved going forward but this is looking backwards exactly yes yes so this slide that's up on the screen now for fiscal 21 includes the two hundred dollars on the base plus five percent so the
027ending fund balance this is on page one of the afr we felt this was important to share the ending fund balance in mno shows 31.2 million dollars that is a combination of budget balance carry forward and excess cash we although the excess cash comes in handy because we don't have to borrow money at the beginning of the year we are not allowed to use that to increase our budget capacity we do have authority to spend the unrestricted capital outlay and the bond building however i wanted to touch on adjacent ways we received some back taxes in 20 and the county charged us for negative interest so we have fixed that moving forward so the ending fund balance is zero also a note on the bond building it and the ending fund balance was 19.7 million
028dollars about 10 million of that was encumbered for summer projects so when we closed those purchase orders the projects weren't done when we closed the purchase orders at the end of 20 we immediately re-encumbered those funds so although it says 19.7 because that's the snapshot in time about 10 million was immediately re-encumbered to finish out those summer projects can you explain how we have excess cash that we can't spend but that we have reflected here in this yes so um we earn interest on emino that we that we can't spend we can't increase our budget capacity that is several hundred thousand dollars a year some of it is also comprised of back taxes any other questions on that slide it accumulates over time this one is uh the mno and unrestricted cap so let's go
029back to that so at some point if we're sitting on cash that can't increase the budget is that it eventually then put get put into the equalization formula or or as a credit to our taxpayers for reduced taxes help i mean at some point if you went on indefinitely this could accumulate millions and millions and millions of dollars if there's not a way to use it so how do we eventually use that we could um offset the taxes for um the community we could do that we could although we're not sitting on enough necessarily to to do that with the excess cash that we do have works to our benefit um so that we don't have to borrow against a line of credit at this point but that is um that is something to consider
030in the future so right now it prevents us from having to do the tax advance or or borrow from a line of credit or other means so it does currently benefit the the taxpayer because we don't have to pay interest on those borrowings that's correct because of that cash but eventually if it accumulates beyond what we would need for that type of reserve we would then treat it as an offset to the tax rate that's correct okay thank you just a one time one time but also we can use it to we do gain interest on it so we are it's not necessarily a negative at that point but until until we get to the point when it does make sense to give that one-time benefit back to the taxpayer that is correct yes and
031we can't spend the interest and we can't use it for budget capacity right so it affects our cash flow it does not affect our income correct okay yes that's a great way to put it thank you so this is um our emino and unrestricted capital revenues by source year-over-year comparison so on this one you'll see that the state increased and the local revenue decreased this is because of the decrease in the local tax rate this slide shows the mno and unrestricted capital expense comparison year over year there was a significant increase to spend and to capital and i'll go over some details in the next slide and salaries and benefits increased overall and it's i know we're talking about fiscal 20 and 21 and we're you know in so many different fiscal years so it's
032important to note that the salary increases that we are represented in the slide were approved in the spring of 2019 so almost a year and a half ago so i think that's just important to note unrestricted capitals details by category you'll see a large percentage increase in transportation of 4 000 that is due to our routing software purchase and also we've not asked the community to approve bond spend for our district offices so we do use unrestricted capital for any renovations here at the district office so you'll see that under facilities acquisition and construction a portion of the expenses on that line were to remodel the transportation building the remainder of those expenditures occurred at the school sites and we did that because we closed down the power base and be able to accommodate those
033drivers coming over to have a more centralized location in order to help the production and the uh overseeing of the entire department that's correct yes the the hope of that decision as i recall it was that we would expend funds one time for annual savings moving forward so the idea there is that it it will hopefully pay itself back if the plans are executed properly right miss martin can you give me an example of what kind of school maintenance or repair is included in that to fund 4 000 the facilities acquisition and construction maybe not specific examples but they would be um repair to the schools or a classroom renovation that wouldn't be bondable so as much as possible we try to use the bond dollars for that when we can't if it isn't something
034that is a true building improvement then we'll use unconstruct unrestricted capital okay thank you can you speak to uh operation maintenance of plant and the 144.00 i'm sorry would you repeat that please the 2600 144.0 percent increase over prior year um that i don't remember the specifics um [Laughter] so um what we decided to do last year was push all of the equipment purchases district-wide into the operations department so that the the equipment could be deployed where it's needed most when it's needed so we don't have the same equipment at each individual school site so that that's the the total um this the main main portion of that change custodial equipment yes custodial and grounds well and the reason we're seeing some increases in this from the prior year is because we were given an
035increase correct there would be an increase from the state district district additional assets so we would expect to see the spend increase 76 which is very significant well we finally had an opportunity to take advantage of capital expenditures that we hadn't had for many years prior right and so that's why this this chart looks so interesting and it's money given to us by the state that we don't have to sell bonds and right correct use our tax our local tax payer funds that is correct yes i'm sorry what i was saying was um it allows us to use the state money given to us to repair buildings and do maintenance rather than use our bond funds and that way it's less cost to our local taxpayer it's it's been a long time getting this district
036additional assistance back it's still not fully restored from 2008 but it's getting there where with this year where does that represent the funding the state funding as a percent of the state formula are we back at 50 no it's like 80 percent or something like that i i thought we came up to 80 percent this fiscal year but is that this year or was that last year okay and this reports for last year though so last year we would have been under that i'm trying to remember how much they were 60 60 60 and 20. so what we're hearing is we should expect similar increases this year because again we're getting more funds that are supposed to be spent on capital moving on to federal grants this is an interesting chart it shows that our
037beginning fund balance is negative in many of these funds and our ending fund balance is negative in many of these funds these are our federal grants and they are on a reimbursement basis so the last time that we could request reimbursement was in june we continued to pay employees and pay bills through august our completion reports were due the end of september so we'll receive the revenue then when those are approved in october november um on page six uh so is this where we used some of that cash that we were sitting on yes exactly right yes on page six there was a negative balance in english language learner that's fun zero seven one i apologize it wasn't highlighted that is also a straight state grant and it is based on reimbursements as well it
038just didn't fall into this chart so we will the completion report has been submitted and we will receive the revenue to make that whole as well other cash funds these are cash funds revenue driven food services is on this chart but food service has its own afr but the rest of these are civic center community school they show a decrease in revenue because of the school closure programs were canceled field trips were canceled it is important to note though that community education and food service continue to pay employees from their funds so with all that it's not nearly as as bad i suppose as as you would think we did also refund out of some of these funds upon request upon parent parent's request this slide you have seen before as well we wanted to
039include this to show the continued downward trend of our tax rate and this includes 21. that is it for the presentation do you have any questions or any questions on the appendix miss matt and i thank you and ms betts and all of the finance uh the actual forms the spreadsheets of this are some of the more complicated presentation of these numbers that i've seen in any finance realm uh as as those schedules tie together and you try to figure out how they tie together it's like trying to interpret your daily finances using a tax return it just doesn't work but we understand that the intent is a report not to present the finances so we we live with that but you guys have you you've done a fantastic job of putting this presentation together
040to highlight the the major issues um and address those up front i also appreciate that you got this out to the board early so that we can look through it and resolve many of our other questions so i think the entire staff for all the all of your work on this as matt and ms benson and the team i echo that sentiment as well and particularly pleased with the appendix piece not that the other part of it wasn't exceptional but the appendix answered a lot of questions and i appreciate seeing how we reconcile using those appendices so i appreciate all of you thank you good thank you and i'd also like to say that i think that for the last three years or so this has been an ongoing at every meeting we're kept up
041to date so even though we didn't spend 40 minutes on this tonight we've spent a lot of time up until now because of the diligence that you've done at every board meeting and and keeping us informed and i think mr carr you should take a lot of credit for that um because i know that's been something that you've been passionate about but you know school finances like 15 foreign languages that you're trying to get together all at the same time so it's um it's really very much appreciated thank you you're welcome thank you two questions uh i just wanted to know and i want to thank you guys also thank you for this and for all of your work i just wanted to ask where are we with our cast cash reconciliations and different things
042like that as we're approaching our audit which is starting right now and then second of all i wanted to know uh where what should we expect now this this uh by law is has to be turned in by october 15th but we can revise it and we expect to revise it so when do you expect to revise it and what what do you expect next i guess so those two questions okay first i'll speak to the cash reconciliation we are completely current we are currently reconciling all of our bank accounts to our gl to our our bank accounts at wells fargo on a monthly basis so thank you yeah huge kudos to ashley miranda for getting that up and running um yeah so we're very very happy about that the afr miss bets and i
043were talking about that yesterday as a matter of fact we have quite a bit of work to do before the end of the calendar year so as far as a timeline we we do have a call scheduled with our auditor to talk about the revised afr we may have to do a budget revision in december we've got the kafir that's due the end of december so there's a lot of a lot of pieces that that need to fall together and they they are all connected so including the esg and the esser funds um so i don't necessarily have a hard and fast answer for you but um we know that we will be doing a revised afr and you'll just keep us updated as these different funds as we under as we find out how
044much we're awarded from those grants and as we keep going just like you always have just the monthly reports absolutely and when we should expect those other revisions thank you yes i just want to point out that um we do spend a lot of time making sure that the money is well spent and we appreciate your time and effort in doing that thank you it's really really important thank you ms matt and ms betsa are you going to need signatures from the board this evening yes i just don't want you to get away without signing the appropriate document okay yes thank you for asking and dr santa cruz can i just add one thing to what miss wood said she asked about the audit which is not necessarily part of this presentation but just want
045to highlight that that from the time that this board came together almost four years ago we've had that reconciliation that we inherited it was a continuous each year has been a finding on our audit clarify for the public when we say it was a finding it was a risk finding not a misspend finding so there weren't miss spins but it was what we call a controls issue and and could potentially open us up to not be able to find a misspend in a timely manner and control it so i want to clarify what that finding was but if everything goes according to plan this will be the first time and i think it's six years if i'm remembering right yep uh so we won't get that audit finding audit report until february march-ish but uh
046it will be the first time in six years that we have not had that specific finding as a controls issue on on the audit so i'm just very grateful to to staff this current staff who came in and started to address it and almost had the dress last year and then this year we will finally have it addressed and have it removed so thank you for your work and for taking that seriously thank you thank you mr carr for pointing that out anything else dr mccord miss metz ms madden nope just want to echo everything you guys said about this team they they work extremely hard and care deeply about what they do and i think it's reflected in the work that they put out so thank you all right we have gone through item
0473.01 3.02 of presentation word item 4 which brings us to the adjournment of this work study session so if there are no questions we will adjourn the work study and move to our brief business meeting and i'll call the brief business meeting to order that's item five and ms wilson would you please call the roll miss laurie wood here mr reed carr here dr charles santa cruz here michela eugetti here miss jill humphries here mr president all board members are present you have a quorum thank you ms wilson and dr mccord has been very diligent very kind to point out uh information to us uh via electronic communication where appropriate and i'd like to just take a minute or so to acknowledge the passing of two people from our gps family like to acknowledge mr
048roy hogue who is in transportation who recently passed and would like to acknowledge young sean jimenez a student from mesquite high school who also recently passed our condolences to the families of both of those individuals and we wish them all well we moved to item six which is the consent agenda items and i am open for a motion i move that we approve the consent agenda items as presented thank you mr eugenie is there a second a second thank you mr carr it's been moved and seconded that we accept items as printed for the consent agenda items is there any discussion seeing no discussion we will move to a vote all those in favor of approval of consent agenda items please signify by saying aye aye all those opposed the same motion carries five zero
049we move to item number seven which is action item 7.01 acceptance of the 2019 20 or the 2019 2020 annual financial afr dr mccord anything by way of this is just something that we are required to do for statute ars 15-904 is to submit this annual financial report by october 15th and we will meet that deadline we will entertain a motion dr santa cruz i move that we accept the 2019-20 annual financial report thank you mr carr it's been moved is there a second second thank you miss eugenie it's been moved and seconded to accept item 7.01 is there any discussion for those who are viewing that is the acceptance of the report that we just went through and the items contained therein seeing no discussion we will vote all those in favor of item
0507.01 acceptance of the 2009 or 2019-2020 annual financial report please signify by saying i those opposed the same motion carries we move to item eight as adjournment of the brief board business meeting item 8.01 we are open for a motion to adjourn thank you mrs humphries is there a second all second thank you mr carr is there any discussion seeing no discussion we will vote for adjournment all those in favor of adjournment please signify by saying aye aye those oppose the same motion carries 5-0 thank you ladies and gentlemen those viewing and those here present we are a