001Oh, here we go. All right. Welcome everybody. It is five o'clock and we are have a little bit of different meeting tonight um just for the fact that we're going to start with a budget presentation and a budget hearing that's a little bit different than a regular meeting. So, we'll jump into the budget presentation by Richard Ree. >> Okay. Thank you. Yeah, this is stat statutoily required every year that we have a budget hearing. Um, so we'll just I'll just go through a quick PowerPoint. Uh, if you have questions, that's great. And then, uh, we will have a a budget resolution that will be, uh, we'll need to have a motion in a second. So um so to start with then uh the legal requirements uh in Utah statute uh require first of all the
002budget officer is a superintendent not me. Um by before June 1st of each year the uh tenative budget shall be prepared uh shall be filed with the district business administrator at least 15 days before the proposed adoption. Um before June 30th, the budget shall be adopted, which we are doing tonight. Uh and we we must hold a public hearing, which we are doing. And at least 10 days prior to there's a public notice in a public hearing in a newspaper and that has been completed. A notice of public hearing electronically that has been posted as well. The copy has been posted with the school business administrator, school district's business administrator, which that has been done, and then it's been posted on the district's website. So, we've met all the legal requirements, so we're good to
003go that way. Um, just some budget assumptions, uh, preparing the budget. Uh, we don't even have very good estimates from the tax commission or the county on tax rates or taxable values. Uh what we do have so far is the 7.49 billion taxable value. Uh that's an increase of 276 million or almost a 4% increase over the prior year. Budget uh does not include any increase in our insurance premiums. Uh we are funding all ongoing costs with ongoing money and we are not proposing a tax increase this year. Um you can see that the trend the 13 year trend in tax rates taxable value I should say. Um the last 10 years or so it's been a little bit higher than this year. Again this is not a final number. So last year was 6.2.
004The prior year was almost 11. This year we're just under four. So, we'll see where that actual number is, but this is the best we have at this point. Um, we'll get into the certified tax rate in a moment, but this is how the the taxable value is calculated. The county takes all of the assessed value. There's a board of equalization that makes some adjustments based on property tax appeals, etc., etc. This number is so low that I have a hard time believing that's the actual number. Again, we'll get an update at some point. They said by the 13th, I believe. Is that what you got as well, Brian? Yeah. So, uh, so that comes with an adjusted value of 7.68. Uh, that, uh, is adjusted based on the five-year average collection tax collection rate.
005So, the total tax rate value is 748 7 bill487 million. Um so that's the total property that will be uh assessed at tax rate. Um now of that there's 96 million of new growth which the any taxes assessed against the new growth is new additional revenue that we have not had before. Um therefore the certified tax rate value of 7 billion391 million is is the property tax value of existing property prior to you know this current year. So um this slide shows our assessed valuation per student. So basically taking that tax rate value divided by our number of students and we have the 10 highest 10th highest uh assessed value per student in the state. Um And then inversely we look at our tax rate. Uh we our 12th excuse me this is the 12th
006highest assessed value per student and our rate is the 10th lowest. So there is a inverse relationship there. Um this is all based on last year's tax rate or the current year's tax rate because we don't have all the new rates yet this year. Um, so you can see that the state average is 0.005457. Murray's tax rate is 0.004528. Now, how that compares to other districts in in Salt Lake County, you can see Salt Lake has the lowest tax rate, followed by Murray, um, Jordan Canyons, and then our friends at Granite have the highest. Um so the in just statewide uh the highest tax rate in the state is Emery School District at 08671 and North Summit has the lowest of 0302. Um, I did get finally the updated value of the average Murray home
007and it is at 584,300 uh 1.78% increase. I just anecdotally I was at a meeting earlier today with some of my colleagues. Uh, I was talking to my colleague, my counterpart in in South Summit and he said the average home in the CAS area $1.1 million. So that's this >> is the Do they only do single family homes for that average value? Do you know? >> Um I don't I all I know is they're saying that's the average home value. Whether that's a a condo condo town home, you know, a single family home on its own piece of property. I I don't know. I don't know what they calculate that based on but it does keep going up a little bit every year. Um property tax increases uh the only we have not done a
008truth in taxation uh or property tax increase in seven years. Um, of course, we've done the bond the general obligation uh bond election uh and we will we issued 55.5 million last year, last June. We anticipate issuing no more than 67 million uh in either July or first part of August. That's yet to be determined. But again, no tax increase this year. So certified tax rate, we we've talked about this before, but just as a refresher. So um Utah law does not allow a government entity to uh receive uh new or additional revenue on existing property. So only on new growth that I've mentioned before. So, for example, if a business uh has a taxable value of $100,000, the tax rate is 10%. Then, uh we receive $10,000 in taxes. If their business in the
009following year or subsequent year is valued at $200,000, uh the tax rate does not therefore mean that we get $20,000. Therefore, that that rate is calculated to generate that same $10,000 or the tax rate is lower. Obviously, that's very simplified and the certified tax rate takes into account all properties within city uh school district boundaries but um the rate is lowered to generate the same amount of revenue as prior year. So what that means then is that uh in order to capture any kind of inflationary uh costs uh in the district then there has to be a truth and taxation hearing or a tax increase. >> Rich, if I could interrupt, I think that's key. I don't know that a lot of our public understands that because they think, well, my property, my house is
010worth way more than it used to be. So, where does that money go? >> Right. [laughter] >> And so, but I it I didn't understand this until um you had showed me a similar presentation when I was new. But yeah, I find that interesting that the tax rate is floated down to recoup the same money. Even though our houses are worth more, we really don't get >> right now. In a perfect world, this calculation is how it should be, right? But, uh, it's not a perfect world and there may very well be instances where because of the timing of your reassessment and, you know, a lot of other factors, you may or may not pay more property taxes. Plus, we're not the only taxing entity that homeowners deal with. So, um, but in theory, this
011is how it works. So, technically, we do not receive If your house increase uh the value of your house increases by $200,000, we don't get the tax rate times that $200,000 theoretically. But yeah, it's an important point to understand for sure. >> Thank you. >> Okay. So with our general fund um because of our reduction in enrollment uh we we uh we will be hiring three less teaching staff than we did in the current year. That's just that was just handled through attrition. So there's there's no reduction in force or anything of that nature necessary. Um on the state level the funding was budgeted by the common data committee a reduction of 134 WPUs which which does not translate directly to students but generally um pertains to that. Um so our new funding even though
012the even though we had a you know a four% increase in in the value of the WPU uh were a number of WPUs were reduced by 134. So um with negotiations all employees received 1.25% cola the teachers because of legislative funding received $311 per teacher. We had zero increase in our health insurance premium and steps and lanes are fully funded. So um without diving too deep into the details, this is just a historical look at uh our general fund. Uh the actuals from 20 22 23 23 24 and 2425 a revised budget for the current year and then a proposed budget for next year. So just a overarching concept in in developing the budget. Um we budget conservatively so that um our expenditures may be slightly overstated. Um we would anticipate that expenditures would would
013come in less than what we have in our budget. However um we we try to be conservative in that. And the other thing if you will notice for example on the supplies and materials line item in our revised budget the 6.6 million that's you know 2.8 million more than last year 3.8 But really what's that what that's doing is a lot of the programs uh school budgets they have carryovers and this budget just anticipates that all of that will be spent by June 30th which it won't be but we're budgeting it as if it were going to be spent. So that number looks high but that's really the main reason for that. So um overall a net operating deficit of 363,000 which is less than half percent. Um there's some transfer outs to our our
014non K12 fund and to our food service fund which we'll talk about in a minute. So a total reduction of fund balance of uh of just under $1 million. But again, we would not anticipate that that would be the end result. And then in proposed budget, we would anticipate basically an operating surplus for the transfer out. So we would have a slight reduction in fund balance there as well. Um again, we would not anticipate that we would be drawing down fund balance, but if we do, it's a very um look at our general fund by expenditures by object. You can see the biggest number of course is salaries. The next big largest is benefits. So between the two uh salaries and benefits that's 88% of our budget. So when uh you know the discussions are
015uh well there's got to cut expenses. Well, that means cutting people. Um, so uh to to make any kind of a movement uh or reduction in expenditures uh then you're talking about people. So that's just something important to keep in mind. All the others u supplies 8% 3% 1%. So very minimal. So the vast majority of our of our general fund budget is salaries. my function. You can see that the largest piece of the pie is the instruction at 63%. Um the support services for students is 6%. So you know really student related expenditures are 70%. You know the general administration, school administration and it's an operation 10%. So um that just gives you gives us an idea as to by function what where the money is being spent what purposes. So our student activities
016budget this is just represents the the activity at the schools revenues and expenses at the school level that's consolidated. You can see this the revised budget proposed budgets they're just placeholders. We don't know what those numbers are going to be but we bring those numbers in and report those uh when all of the activity is is fully completed on K12. So this this fund uh incorporates all of the non K12 obviously activity. So preschool uh tuition based preschool uh ECEC um or recreation uh community program, that type of thing. So, uh we based on our our budgeted information, then we have been subsidizing this program or this fund to the tune of 300 something,000 a year. We would anticipate that to go up a little bit this year and just slightly again next year. capital
017fund. Um, obviously the two major projects that were funded with general obligation bonds are the Murray High edition 35 million estimated cost total cost and then Riverview Junior High at 90 million. Um, and then the Apex Center at the high at the high school that is funded with with state funding of $13 million state grant. So there are no local uh property taxes being uh used to build the apex center and our SC our small capital projects that uh we go through the process and evaluate those with with Rod Pace and Scott Tagger superintendent myself they total $41,000. So they're a little lower this year than than typical and some of those are reflected here. A new fence at the junior high um carpet and Bathroom upgrades at Parkside 54,000. We pay the track of
018view uh new playground at Long View. The district will pay up to $100,000 for that. So, here's the the capital projects fund. Again, property taxes and and interest. Um you can see there's been quite a spike from 20 or 23 to 24 to 2425. And this is the fund where all of the new construction activities recorded. Um it's not shown as revenue, but if you go to the bottom, you'll see other financing under total expenditures. You'll see other financing sources and uses. 2425 that was the first bond issue of 60,633. We will not issue any bonds in the current fiscal year but we will issue up to 67 million next year. It will be less than that but um it will be up to 67. So that's just listed as other financing sources and uses.
019So we just budget such that uh we capture all potential expenditures. So these are again are conservative estimates. Um but yeah captures all the construction as well as our regular uh summer capital projects and our regular maintenance stuff pass through taxes. This is just a this is just an accounting exercise where we have to uh capture all of the tax increment financing within the district and report it as a revenue and then a corresponding uh tax increment payment. So the in matches the out and it's a zero impact. So this we just have to do this for accounting reporting purposes. That service fund um current uh revenue property taxes just over 5 million is budgeted interest on investments 145,000 um with principal and interest payments of 5.237 million. Of course that goes up next year
020because that our first uh goes up more next year because we will uh be paying for the geo bond debt service on the geo bonds that we issued last year. Um probably an interest payment for the new debt we will be issuing in July or August. So that captures all of that activity. um doesn't record doesn't record the revenue uh for the receipt of the bond funds or the expenditures of the construction. It's just manages service of debt and the corresponding tax revenue to pay for that. on our school lunch fund. Um, our revised budget for the current year, um, we we're going to anticipate a pretty uh large reduction in our operating deficit. Um, some some of that's brought about by because of equipment purchases of 200 over $200,000. um uh some some slight
021increases in salaries and benefits. Uh so we'll reduce the fund balance significantly. We will make sure that there is a positive fund balance. Uh but we'll manage that. Um so we've had discussions with our food service department and how to move forward. Um they're looking at ways to increase participation uh increase the revenue side. Um particularly it was mentioned that uh our free and reduced students only about 50% of those free and reduced students actually eat lunch eat which is a really low number. And so they're working on how to increase participation because those dollars are federal dollars and they they uh having those free and reduced reimbursements from the from the federal government are provides more revenue to us than a paying student. So we want to have higher participation there and then um
022Mr. Tiger in the meeting suggested that maybe we need to revisit our menu and look at ways to serve meals that maybe the students might want to participate more often than they currently do. So we're looking at ways to to uh generate additional revenue and u so the food services is is on top of that. So, so for now, we will be needing to subsidize our food service a little more than uh the current year. Um, this is not an unusual thing statewide uh to subsidize food service. We just haven't been in that position for many years. Um, but uh that those issues are being looked at and will hopefully be addressed for upcoming year. >> Can we make take a note to just um because that is a substantial deficit that we're running in
023and just maybe be made aware of some of the changes over the next year and uh if we see positive improvement in that or not. >> Yeah, we'll we'll be looking at that very closely. I I guarantee it. Um, and I will say that one of the one of the things that that we have been uh uh tasked with by the state board of education is you can your fund balance is supposed to be no greater than three months worth of expenditures. And so there was intentional draw down on our fund balance. Uh and that's that's why a lot of these over the last three years we spent $500,000 on equipment to help draw that fund balance down. So some of that was intentional um but not all of it. So but yeah, we will
024keep the board updated as to as to where we are with that and what the what the plan is to regulate that and lifetime insurance. This just captures the activity for those uh retirees who still are um on lifetime insurance program. Um they're every year there are fewer of them and so uh but this this just kind of captures that. So it's it's not overly significant dollars but we we do track that. So now um we need to have the formal budget hearing and uh take comment from the public on the proposed budget. So we'll >> All right. So we'll open this meeting for the budget hearing and um Doug, was there any public comments? All right. All right. With that >> Okay. So now with that um we there is a budget resolution that
025needs to propose that will approve a final amended budget. the prop for the current year the proposed budget for 2627 and approval of the certified rate at the point that we actually get a certified rate. So we need a motion and a second and a vote. >> Okay. I move that we approve the resolution for the revised budget for the fiscal year 2025 2026 as it has been presented to the board of education during this meeting on June 11th 2026. Also approving the budget for fiscal year 20 26 27 and has been presented to the board on the same day. Also approving the certified tax rate necessary to fund the physical year of 2026 through 27 budget. The certified tax rate will be set by the Salt Lake County auditor. >> All right. Is there
026a second? >> I'll second. >> All right. Is there any discussion? All right. All in favor? I >> I and no opposed. >> So that passes. >> Thank you very much. >> Great. And Rich, did we need to do anything with this resolution? >> That's coming up. >> Oh, that. Okay. I'm like, that's highlighted. Okay. Well, now we'll move into our regular meeting and um so welcome you to the uh district board meeting. We have um few absences today that are excused. Um we have uh Jill Jen and Elizabeth who are not available tonight. Um so we're just having a party without them. So we'll welcome with the pledge of allegiance by Darren Dean tonight. Thank you Darrence to the flag of the United States of America and to the stands nationy and justice for
027all. >> Thank you. All right. And then first up, we have an exciting night tonight. I love nights like this. We have some administrative appointments. So, we'll invite Scott Weihongi up to the microphone. If it's working Oh, there we go. >> Well, I know Superintendent Coington um typically does these and I I know she's sad she couldn't be here to do it tonight, but I get the privilege of doing it tonight and and it's my pleasure to introduce our two new administrative appointments. So, I'm going to invite um Todd Barrow, if you would come up to the microphone. Um he has to leave his cute little support team there for a minute. But so Todd, uh, it was a pleasure to get to know Todd through the interview process. He comes to us from Boxelder
028School District and Todd has been in education for 14 years in both Colorado and in Utah. And Todd has been um selected to be the uh principal of Horizon Elementary uh effective July 1st. Um Todd's been a middle school and intermediate school assistant principal. He's also been a classroom teacher before that and has been an elementary uh principal as well. And Todd's actually fluent in Spanish. So that's always a bonus, especially with a DLI school like Horizon Elementary. He's a strong proponent proponent of professional learning communities and using data uh driven decisions. He has a track record of growth working with varied school populations including DLI students as well. So we look forward to welcoming Todd to the Murray City School District. He will soon learn the Murray way and that is a good way
029Todd um and we um ask the board if they would do a motion of support for Todd. [clears throat] >> Absolutely. I I move that we support uh Todd Barrow as the Horizon Elementary School principal. >> I second. >> All right. And any discussion other than hooray and congratulations? [laughter] >> All in favor? >> I. And thank you. >> We're gonna give him a minute to introduce himself and say a few words himself and and perhaps introduce his support crew as well. So >> welcome. >> Hello. Uh thank you guys. I appreciate the the warm welcome and uh the official appointment. Um from the moment I've interviewed until throughout this process, uh it's I've been amazed at how welcoming Murray City School District is. Um I've always admire admired Murray. Uh because it's a smaller
030district within within a bigger city, you know, so you have all of the amenities and everything around, but you still kind of have that smaller local feel. And so I've really been impressed by how everybody's been welcoming and personable and you know it doesn't feel like anybody's too high up or anything like that for me to just be able to talk to or reach out uh to ask a question. So I appreciate you guys. Um my my support team here, these are my kids and my mom. Um so my oldest is Harvey and Roman. And then I've got Alice and Cora. My wife unfortunately well fortunate for her. She is on a a little girls trip with her sisters and her mom and so she couldn't make it with us tonight. Um, but she's excited
031and and so we're big fans of dual immersion. Um, my my own kids are in dual immersion and so we're excited and can't wait to get to work with the folks at Horizon. So, thank you. >> Thank you, Todd. Just quickly, what uh school did you come from in Boxelder? >> Uh, Discovery Elementary. It's in the northwest corner of Brigham City. >> Okay. >> So, I worked at a few different schools, but that's the one where I was most recently at. >> I'm a McKinley. >> Oh, okay. All right, McKinley. Huh? [laughter] >> We don't hold that against you. >> We still like you. >> Thank you. >> Will also be working with u Brian Turner who was the um who will be the intern assistant principal at Horizon Elementary as he he moves over
032from Parkside Elementary. He's a sixth grade teacher currently. So, that'll be a great team at Horizon. Great support group. Um our next appointment, Brian Ipsum, if you'd come on up, please. All right. Okay. Brian has been selected and hired as the new business administrator effective August 1st uh of this year. And and and Brian will be replacing longtime business administrator Richard Ree. So we're get we're getting a I don't know if we're getting an upgrade, but both great great guys, that's for sure. Yes, [laughter] >> we're sad to lose Richard, but we're happy that that Brian gets to join our team. He's currently serving as the as the director of budget development of the Granite School District, where he has extensive experience managing largecale fiscal operations, state compliance, and balancing complex institutional budgets budgets. He's
033been a key member in the district's capital planning, including large-scale fiscal management, balancing general fund deficits, funding long-term capital outlay priorities like school buildings and re renovations, and adapting to fluctuations in state and federal mandates. Mr. Ripsson has been has experience working in field auditing and state financial services compliance. That all sounds like fancy jargon for bean counter, right? So is that kind of where it boils down to? So we are excited to have Brian join the team. So we'd also ask the board for a motion of support. Brian, >> I move that we approve Brian Epson for the Murray City School District business administrator. >> Is there a second? >> I'll second. All right. Any discussion? All in favor? >> I. >> All right. Thank you. >> Give Brian a few minutes to introduce
034himself >> and his team as well. >> Yes. Well, as the bean counter for Murray School District. Um I'm I'm I'm happy to be here and I I echo what Todd said about just the welcoming atmosphere, the community feel of this district. It it was apparent from the moment that I came in and did an interview and then met with others that this is the right fit for me and I'm just excited to get to work and and get to know people here and and help the district move forward. Um so my my team here tonight, my wife Michelle and then my three daughters. Um, Emry is my oldest, Haley, and then Satie. So, boys to girls ratio, I am outnumbered in my home, but grateful to be here tonight. Thank you. >> Thank you.
035>> We're very excited about these. Thank you. Thank you. And thank you for the families sitting through the budget presentation. I'm proud of you guys. You did it. [laughter] All right. And then we'll move on to the consent agenda. And there's several items there. Um, do we have a motion? >> I move that we present the consent agenda. Um, >> yeah. >> All right. Is there a second? >> I second. >> This is kind of fun just going back and forth. And is there any discussion on any of the items there? >> No. >> All right. All in favor? >> I. And that passes. It's easy to hear when there's just three of us, too. All right. So, we'll move on to our delegations. And first up is the Murray Education Foundation. And we'll have
036Doug Perry, the executive director. Good evening. So, we don't have a whole lot going on, but uh we do have a couple things that I wanted to give. Um an acknowledgement for u particularly Asbury Motors in Salt Lake County. They basically took over the Larry H. Miller uh dealerships in town and uh they've been very good partner over the years donating things from time to time uh school supplies and food and so they gave me a call the other day and say hey we've got a bunch of food and we'd like to donate to Murray and I said that would be wonderful. So what they've done is donated about a thousand pounds of instant oatmeal that we can send over to Parkside Elementary for the beginning of the school year. So, I think that'll be
037a a welcome uh thing for for Parkside families. Um, and then we also had our volunteers yesterday who were packing up uh 250 of the backpacks for the giving machine proceeds um that we had put together for uh kids in the kindergarten through third grade uh uh levels. Um so, that's going to be ready for this fall. That was that was all done yesterday. And we've got several other series of volunteers coming into pack backpacks with school supplies and getting ready for uh the school year. A lot of stuff uh that we have accumulated. I'm thinking we almost need our own warehouse at the foundation, but nevertheless, we'll figure it out and we'll make good with uh with what we've been given and entrusted by our donors. So, we appreciate that. Thanks. Thank you. And
038it is amazing to just stop in and see because you hear about these things, but then when you see the room full of stuff and thinking about all the hands that pack and touch and move and distribute, it's a process. So, we really appreciate you and your people a lot. >> Hey Doug, I don't I'm just looking to see if I have the golf tournament on my calendar. Do you have a date on that? >> It's August 28th. I guess I can report on that too that we did sell out the tournament really early this year. We usually are selling out the last uh whole sponsor the week before the tournament, but we're all sold out now. And I don't know what to make of that other than just, you know, it makes it for
039a little bit easier summer. I don't have to go out and try to find sponsors for that. Um I can focus on other things which I have to focus on. So anyway, yeah, we did uh August the 28th is the golf tournament at the Murray golf course and uh we have great expectations for uh the donors who have been very very generous this year in addition to signing up early. We have several of them that are actually contributing more this year than they have ever contributed. So it'll be a great year for sure. >> Thank you. All right. Then we move into the patron statements for the regular board meeting. Did we have any of those? All right. Thank you. All right. We'll move to the report of the board and we'll start with Jiren
040if that's all right. >> It's totally fine. Um the Murray, excuse me, the Salt Lake County Parks and Rex committee that I'm a part of, they had their meeting cancelled because of some of the holiday stuff just in beginning summer. So, nothing to report there. The only I would say is I really felt like the new venue that we had for the high school graduation was an upgrade for us. I could feel like it was better temperature control. Volume of hearing people was much better. We just have to work on our process of how we hand and shake hands and diploma. So we just get better at that. So other than that, that's about all I have. >> All right. Thank you. And >> yeah, I don't have anything to add other than I've received
041positive feedback on the venue from the around graduation. A much improved venue for us. And then Rich, I should have asked this in the budget hearing, but our budget then would be a $77 million budget. Is that what you've got >> for the general fund? Yes. >> Okay. >> Which is what most people think about when they think of district. >> Thank you. That's all. >> Right. And then um Jill isn't able to make it. She has been injured. Um, and I was remissed to state that at the last meeting and that was an important meeting for her with the the school closure recommendation. And so she just wanted me to make sure that the public knows that she is still actively participating and her heart is in it even though that she's not here.
042And she was sad to miss that um, meeting. And so I have a little report that um, that she would share if she was here. um she wanted to um con congratulate everybody on a great school year and she's heard great things about the end of school activities and um wishes to thank all the people involved in making those memories happen. So that was um Jill's report. And then for mine um I just appreciated attending the retirement dinner. Um, and what a special night that is when you're in a room full of people and just thinking about all the people that they made a difference to. And you just can't measure the impact that one teacher has. And so when you sit in that room and reminisce and celebrate the effort of these fine people,
043it's really um one of my favorite um parts of my job. And then the graduation parades that were um kind of spearheaded by the attendance committee were pretty spectacular and um Doug just stepped out, but the videos that came from that too are a treasure for those kids that they get to remember that. Um and there's just nothing like seeing those seniors hug their elementary teachers and junior high teachers and that feeling of celebration. Um there's just it almost is more fun than graduation. >> But just um thank you for everybody's participation in uh graduation and and um and that and that is Cammy and I had a special a special graduation this year where we graduated our youngest and Darren's coming up to that soon. Um, but just appreciate and it's not lost on
044us our positions and uh these big things are such a reminder of why we do what we do. Um, and then I was able to attend the um pre-delegate assembly with Jiren um this month and look at the uh legislative priorities as a body. It's this superintendent and b business administrators and board members from across the state come together and are always thinking about what improvements could be made and communication and relationship building with our legislators. Um and so I'll just take this little moment to encourage our public to vote um especially in these um primary where some of those positions will be decided at this um point. Um, and just uh put my plug to look for education friendly candidates and support how you can there. Um, but just make sure to vote. Um,
045and that was it for my report. And so, >> Kelly, can I report one more thing? I totally had it on my list and forgot. Um, the PTA sponsored project graduation which was done at the um, rec center this year. So, in partnership with the the county rec or the city rec center and um it was a success and lots of hands to do that and all kids were safe and I think a fun time was had by all. So, thank you to the PTA for sponsoring that >> and thank you for bringing that up. I thought that was really cool that partnership with the um with the rec center and love that they were so ready and willing to to work with them on that. It's a fun time. All right, then we'll do
046uh move to the report of the staff. And so the um first item is the u Murray City School District go bond for the series 2026. >> Okay. Um maybe I'll turn the time over to Matt Dougell of Steel just for a moment to kind of explain what we're doing here. uh what this resolution uh means and uh then we'll need a a motion to approve the resolution and a formal vote on it. >> Thank you, Richard. Hello, friends. Great to be with you again. Can you believe 19 months ago, voters approved the bonds? I can't. It seems like it was yesterday, but here we are. A year ago, the board approved a resolution approving the the full authorized amount of the 125 million. And thanks to Richard's great work, the bonds, as the board
047knows, were issued successfully last year and the strategy is to not bond for everything right up front because you can't spend money that fast. And so here we are issuing the second piece. Um, and so this resolution does a couple things because the board approved the full 125 million last year. this this ratifies that action but also just approves really the related documents uh for for this transaction and um including the offering document and accompanying legal legal suite of documents that memorialize the bond transaction. So um happy to answer any questions the board has. Uh timing would be pending this this resolution later this summer. We'll go through the rating process and um the market will watch that very closely and make sure that we strike when the iron's hot, so to speak, and and
048lock in a low rate for the district and taxpayers. But um happy to answer any questions that that you may might have. >> The only question is do you feel like it's going to be more favorable this summer than it was last summer or similar? >> Kevin, that's that's a really good [laughter] question, especially since we've all probably been watching things, right? Yeah. Um and and with uh it's interesting and um someone throws something at me because when you get a bond guy at the microphone, he can really talk forever. Um but we Okay, thank you. Thank you. I appreciate that. So, uh when there's international turmoil, that's usually really good for interest rates. Usually, it drives down interest rates. Um as as we've seen and probably as as you've seen, um interest rates have
049come up >> since February. Um and I I feel though due to the district's great credit strength and due to the fact that our timing is what it is, I I wouldn't be surprised if if we're very close to what we locked in last year in about well, I'll just say very close to what we locked in last year. So, um and again, we will be very strategic in our timing and because the districts had uh the practice of issuing during the summer months, generally the market's very favorable during that time period. Um, so we'll continue to to monitor that. >> We'll keep our fingers crossed. >> Yes. But really, really great question. Can I add a second followup to that? Of >> course. Um, >> so I think in the past we've had other
050bonds that we've been still kind of in the process of paying off. We've been able to redo the rate because the interest rates have gone down. So yes, >> is there a limit to how many how often you can do that or a recommendation? meaning is it once a year or is it can you do it in six months if it really drops or >> Yes, great great question and most of us are familiar with our mortgages where really we can refinance those any time when interest rates go down with a bond it's different we lock in a period of what I call nonrefundability or non-allability and so for basically the first nine or 10 years the bonds remain outstanding and there's no refinancing opportunity um so we're in a little bit of holding period
051on the district's outstanding bonds. Um, but when when that those 10-year spots come, we definitely will take advantage of that. And for the taxpayers that are listening, the district's been very successful in its refinancing and saving taxpayer dollars. >> Our last one we struck at the right time. >> Yes. Yeah. So, on your last refundings, those those were >> So, to be clear, all of the all of the bonds that can be are eligible to be refunded have been refunded. Yes. >> And they were fun refunded in a favor very favorable time. >> Very favorable period. Y >> great. All right. Well, with that, do we have a motion for the resol? >> I have a resolution. A resolution of the board of education, the board of Murray City School District, Utah. The district authorizing
052the issuance and sale of the board of not more than 67 million aggregate principal amount of its general obligation B bonds Utah school district bond guarantee program series 2026. the series 2026 bonds ratifying its previous approval and adoption of a bond resolution and par parameters resolution and all previous actions taken thereby including delegating to certain officers of the board the authority to approve final terms and procision provisions of the series 2026 bonds authorizing and approving a bond purchase contract and or official notice of bond sale and continuing disclosure undertaking author Authorizing and approving the forms of a preliminary official statement, an official statement, and other documents required in connection therewith. Author authorizing the taking of all other actions necessary to consum necessary to the consummation of the transactions contemplated by the resolution and its related
053matters. >> Thank you. Is there a second? >> I second. >> All right. Any discussion? >> All in favor? I >> I All right, that passes. Thank you so much for your time. It's always nice to have you. All right, the next one is a bond projects update by Director Tagert. >> Okay. Um start like normal. Start with the high school first. First of all, just a reminder that we um have our uh tour schedule for Tuesday for both the junior high and the high school. >> I'm hoping you remember that at 11 o'clock. And make sure that you if you have a steel toe version of the shoes you have on, those are acceptable. If not, please don't wear open to shoes. >> Okay. So, um that that'll be the first thing that they'll
054say is, "Hey, you got to have closed toe shoes for for um the the tour next week." Uh the high school it that building is coming along great. Um they're doing the the first floor is uh polished concrete. They're and they're in process of polishing that. They've poured the the concrete that's basically the connection from the new building to what was what comes out of the commons in that area. They just poured that. um doing cabinet installation on all levels. The windows are are near complete on all floors and uh they're just doing the prep for the uh to finish off the courtyard and the the the concrete work that needs to be done on the west side of the building. Uh getting rid of the covered walkway and things like that for next school
055year. Um they're just moving forward. uh generator replacement in tyen will be finished by the end of June. That's going on right now on the north side of the building. And um just lots going on there at the junior high. Um first first thing with the old building, they are in the process of doing um asbestous remediation on um the windows on the outside right now. And so if you see windows that are boarded up, and I know that part of our public is concerned that, oh, you're just going to board it up and there's not going to be any windows. No, that's not the case. But we have to remove what's there this summer. So when it comes time to demo the building next summer, it can be done much quicker. So that's why
056that's happening. So the the the boarding up is temporary. Now, there will be then they will put glass in in some of them. It won't they won't replace all the windows with glass, but it will it won't look like it's been abandoned. Um, so they'll make it look acceptable. Um, with uh also with the junior high, uh they're continuing to do the brick veneer on all sides of the building. Steel work is getting close to being completed. Uh the last part of the steel they have to fly is the commons uh cafeteria area and then on um the area that is just directly east of the auditorium the second floor there uh they're putting steel there working on roofing over the classroom wings um drywall um on the second floor and that area actually when
057we did the tour last November where we had to climb up the ladder and we were on the that that's the area that They're doing drywall in there now and it's it's coming along great. Like I said, I'm very excited to have you come and tour both the facilities next week. But any questions? >> I was tempted to put something in that so I could leave my mark on the building, but I didn't. >> Well, [laughter] next time we pour, we'll let you put your hand in the concrete. >> That's what I said. You poured the walkway and we didn't get to come put our hands in. [laughter] >> I'm I'm sure there's still plenty of concrete left to pour. I did have a question. I've noticed some of the lights are on in the
058building at night and I thought, "Oh, should I call somebody on that?" And I thought, "Oh, I'm going to see Scott. I'll just ask him." >> At the in the construction site or >> Well, in the original building. >> In the original building. I'm not sure on that. Okay. >> We'll have to look. >> I just noticed that the other night. So, I'll I'll pay attention and maybe let you know if I see it again. And just >> I don't know if it was what that was, but thank you. And things are definitely up. >> God, this might be too big a question for this time period because I because I live there. A lot of people have asked me what what is the big pipes going in. >> Oh, okay. We um on Trip
059Lane, >> those big silvery things. Yeah. >> Well, we coordinated it with Murray City. Murray City is replacing the water line. So we wanted to do the they want so we coordinated and which I I can I just say working with Murray City has been wonderful and truly as a municipality they've been outstanding with this project. Uh they actually had had scheduled to replace the water line on Trip Lane like a year from now and when we when we went and did the initial planning they were like oh you have to do utility work anyway to do the tie-ins with the new construction. Hey, let's let's coordinate this. So, that's what's going on is they're just putting in a new water line. Um bigger bigger pipe um so there's more volume. >> That is a
060crazy big pipe. >> Yeah. So, that's what's going on um on Trip Lane. Now, what's also going on um over by the seminary building is that's the tiein. That's the electrical tiein and everything for the new building. So, they're doing that. So, it's it's kind of been crazy this last month and they should wrap up both of those at least impacting the roads by the end of June, but the first two weeks of June were like the the heaviest. >> Does that answer your question? >> Yes. >> Okay. >> I just had questions and I felt pretty bad saying I'm not sure. >> Yeah. No, I get you. I understand. Anything else? >> Okay. >> Hey, thank you. And then we'll keep you up here though for the IN340 the wellness policy. >> All right.
061So the wellness policy um >> is is one it has to be reviewed every 3 years and and and um we reviewed it three years ago. It hadn't been um I don't know if it had been reviewed or not prior to three years ago for like almost 20 years. Um so the in the review there were some items that we felt like language that we wanted to change in there simply to make the document um I don't know how even how to describe it uh less specific so it doesn't have and we we've taken out specific people's names and contact information of okay here's rather than okay here's the position of the the person that needs to be over this. We also added some language regarding the the meal additives which uh the new reg
062federal regulations. So that um addresses that um some language also regarding um water uh water bottle filling sta filling stations um made available throughout the the school. But that's that's really the the bulk of the changes. There's nothing that really changes the policy. It's more just um adjustments to language. Any questions? >> No, that's just a first reading, so >> we'll have some time to dig into that if we need, but thank you. >> Yeah, >> thank you very much. >> All right. And then last but not least, we have Dr. Ashler with PS430, Overnight Excursions. >> Good evening. the um superintendent um asked me to present this. I think this is a policy that you've already had some eyes on. Um sections 1K and then 4 A through E have already been presented in
063the first reading um which the board's seen. The the the big change or addition based on recent study section is section two. Um so basically that um we struck out section 1 um F and made it into a longer policy to address um some of the discussion in our most recent board study session and regarding chaperones for overnight travel. Um in addition, the U superintendent had added as we've discussed in the past some clarification regarding trips um for overnight travel related to Utah School Athletic Association. So that language has been updated. Any questions about the update since our last uh board study session? No, I'm good. >> Can you Who's running the thing? Can you go back up for just a second right there to F? I needed to look at something. >> I think
064that landed in a good place after conversation. >> I like that we're saying chaprons must have the background check. non- chaperones do not have to have it but cannot be alone with students other than their own. That feels like a good place. >> And I think the the language also then clarified as per our most recent study session additional sort of behaviors that we want to ensure that it's clear in policy what chaperon should and should not be engaging in. So that's also been added. So >> great. All right. And that one also goes back to a first reading as well. It looks like >> correct. That's okay. [laughter] >> Excellent. Well, hey, thanks for your work on that and for presenting. And with that, there are no more agenda items. So, um, and no
065need for a close session. So, this meeting is adjourned. Thanks. >> I like it. Right on the dots.