001All right. Hello, Miss Marshall. We are so excited to have you. Um, we're going to do a little bit of housekeeping first and then we're going to get right over to our YB kids. Okay, so um I have nothing. Where am I? Here. I have uh let's see. Um oh, at this point we want to do the uh flag salute. So, uh is Vivian Patio at Mage at Paige Mlin here? Okay. Will you go up to the microphone right there and lead us in the flag salute? >> We say please. >> Please stand. Place your right hand over your heart. Ready? Begin. >> I aliance to the flag of the United States of America and to the republic for which it stands. One nation under God, indivisible, with liberty and justice for all. >> What
002a great job. Thank you so much. I have nothing to report out of close session. And may I have a motion to approve tonight's agenda? >> I'll second. >> Thank you very much. All those in favor? Student? >> I. Thank you, board. >> I Okay, we have an agenda. Uh may I have a motion to approve the minutes from our last meeting of February 24th, 2026? So moved. >> Second. >> Thank you very much. Uh all those in favor? Student >> I. >> Board. >> I >> Okay. And we have approved minutes. Um superintendent board communication. >> Madam President, members of the board, we are excited to have York Elementary School here uh with special presentation. Principal Marshall thinks we can stay in our seats. So would want to be on the audience. Okay. Anderson's
003principal Marshall, we're all yours. Take it away. Madame President, members of the board, Dr. Steinowski and cabinet. As the proud principal of Yerbab Buena Elementary School, Buttercup Preschool, we are honored to tonight to celebrate our recent project celebrating Women's History Month. Each year we receive an email from the Thousand Oaks branch of the American Association of University Women with the year's five women that they have chosen to highlight. And this nonprofit group has been advocating for women and young girls since 1881 on the local, state, and national levels. And their message asks schools to create a project that highlights these five women and teaches students about the impact that they have made in their community and in the world. And this year the theme is moving forward together, women, educating and inspiring generations. And so
004I'm also joined tonight by Mrs. Lisa Carmona who has mentored these girls. We taught together and she led this program successfully at that elementary school for years. And when she retired, I encouraged her to come out of retirement and helped me launch this program at my school. And it has been a great experience for these girls over the past three years building their confidence, their poise, and their ability to speak in public. And so I'm so grateful for her mentorship and also for the experience that she has gifted these incredible five fifth graders that we're going to meet tonight. We are so proud of their work and their diligence and their dedication to this project. So I would now like to introduce Sydney Hello, my name is Sydney Boyce. I portray Jane Goodall, an anthropologist
005known for her groundbreaking research on chimpanzees and protecting the environment. We work hard to learn our scripts, perfecting our pronunciation, pacing, and projection. We meet with Miss Carmona two to three times a week during lunch and we practice our scripts at home. We also made posters to highlight the different events we talked about in our speech so students would understand what we were talking about. I am proud that I was able to show my school how Jane Goodall inspired others to care for the natural environment. Good evening. My name is Paige McMillan. I'm portraying Sandra Day O' Conor, the first woman appointed to the United States Supreme Court, paving the way for women in the judicary. This experience has taught me so much about being confident, public speaking, and how each and every one of
006us can make a difference through hard work and perseverance. The best part has been becoming closer to this group of fifth graders over the past few months as we supported each other as we practice our speeches. Hello, my name is Vivian Patillo. I've always loved women's history and through this project, we got to teach our school the importance of this celebration in March. I portray Dolores Werta, a labor leader and civil rights activist who co-founded the United Farm Workers and advocated for workers rights. After all our hard work preparing our speech, making our posters, and putting our costumes together, we will visit each classroom to present our speech and answer student questions. It might be scary, but it's also exciting. Our school has great listeners and I'm really going to enjoy sharing how these wonderful
007women made history. Hello, my name is Hayden McGuina. When I first found out about the auditions for women in history, I thought, why not? It will be fun. I portray Helen Grainer, engineer and entrepreneur, co-founder of iRoot, knew for advancements in robot technology. Through working with Miss Carmona and learning my script, I realized your own experiences can affect others and make a difference in our world. Through my classroom presentations, it's amazing that I might be making a difference for these kids. And now we will hear from more friend Emma about one more incredible woman. I was never trying to make the headlines. I just wanted to get the call right before the whistles and the bright lights. I was a kid from Southern California with a basketball, a stubborn streak, and a love for the
008game. It was never my goal to be known as a woman referee. My only concern was to be an excellent referee. Hi, I'm Violet Palmer. I'm the first woman to ever referee in the NBA. National Basketball Association basketball game. I grew up with my mom, dad, two sisters, and a brother. Every Sunday, no matter how busy we were, we would sit down for dinner together. But when I wasn't at the dinner table, I was dribbling a basketball, racing bikes, and playing with the boys. To stay on the court with them, I had to be 10 times better. Guess what? that made me stronger and tougher. Seeing girls play sports alongside boys was unusual and some schools didn't let girls play at all. But a new law called Title 9 changed that and I got to
009play on real teams just like boys. I played basketball in high school and earn a scholarship to attend Cal Poly Pomona University. I played point guard, the leader on the court. I was also the captain of my team in college, the Cowpolly Broncos. I led my team to win two national championships. But when I graduated, there was no women's professional league yet. What was I to do? I took a job as a community recreation director and organized men's league basketball games. When the referee didn't show up, I would grab a striped shirt and do the job myself. I enjoyed refereeing. I soon started to referee high school basketball. About a year later, I was thrilled to be asked to referee women's college games. One day, the phone rang. It was the National Basketball Association. Yep,
010the NBA, the men's professional league. They invited me to train as a referee. I couldn't believe it. On October 31st, 1997, my career took off. The Vancouver Grizzlies were playing against the Dallas Mavericks, and I would call the shots. I walked on the court, heart pounding. Nine minutes into the game, I blew my whistle. That sound meant history. I was the first woman to ever referee in the NBA. Not everyone liked seeing a woman referee, especially in a man's game. Some fans shouted mean things. Some players tested me. But just like when I was a kid, I earned respect by doing my job and doing it well. Soon players told me I I reminded them of strong women in their lives who didn't put up with bad behavior. I love that. In my career, I
011refereed more than 900 NBA games, including the NBA All-Star game. I also worked in the WNBA, the Women's Professional League. Later, I was honored in the Women's Basketball Hall of Fame. Kids sometimes ask me, "How did you do it?" I tell them, "I wasn't trying to be famous. I was just trying to be the best." Sometimes the bravest thing you can do is stand in a place you're told you don't belong and say, "Yes, I do." I am married to my partner of 20 years, Tanya Stein. We have three daughters who Tanya had from previous marriage whis consider my own. Thank you for listening to my presentation. Well, here we have future women leaders of tomorrow. You are going to be girls to watch to see where you go. You were so poised and confident.
012It's hard to stand up at a podium in a in a boardroom. It's an intimidating setting. And I can tell you that as a grownup when I was not on the board, sitting there and wanting to speak, it was very hard for me. So for you girls to come here today and parents, thank you very much. You remind us always of why we do what we do and we look forward to seeing your shining your stars shining brightly in the future. Girls, thank you all for coming out. >> I just want to add, what was your name? Emma, that's my daughter's Emma. I should remember that. Uh uh that was you were all amazing. We didn't get a chance to hear your speeches. But I mean, I teach people how to do public speaking. And
013I can't get people who are two or three or four or five times your age to be able to deliver a speech that well without notes uh with passion and energy. I think all of us got goosebumps, teared up a couple times. You were amazing. Um so I I I I just it was really amazing. And so your students are lucky to be able to hear from you. I'm sure all of you are I wish we could hear from all of your your sessions, but um big kudos to you for crushing that. That was incredible. >> Thank you. >> Thanks. Thank you to Yerbau Buena. As a parent of three former Yerbau Buena kids, I'm especially proud tonight. But you you girls were terrific. So, thank you. And thank you to the parents. Fantastic. >>
014Okay. Could you get a photo with our presenters and their poster? Sure. You're in there, too. their names. Yeah. >> Okay. Dr. steps staff board communication or superintendent communication. >> Mr. Klein, >> thank you. >> Keeping with the theme, um we also celebrated uh women in history month and the international day of women. Uh we held our second uh Laser hosted their second ever women's leadership forum. Thanks m so much to our vice president, Miss Cutville, for MCing and perfectly guiding the entire evening. It was a wonderful success. We had uh Commander C2, uh senior Kaia Cummings, Senior La Mcclelay for Mor and Calabasas, Superior Court Judge Hillary Merritt, Principal Stephanie Monada, actress Rebecca Roma, Commander Sito, as I mentioned, and Dr. Amy Wolf, area medical director for Kaiser Permanente Woodland Hills was fantastic uh
015wonderful evening, well attended, and look forward to many more of those. Thank you, Miss Cudville. >> I thank you for arranging. Thank you, Miss Chambers, for your work and and to Miss Bergstrom. And it was a great evening and it was a great panel. So, thank you. You selected well. Very proud of our students, too. >> Such a fun night. And we also have Tara Davis Woodh Hall. Um, wonderful, lovely lady that we were able to watch her career throughout her time in Las Vegas, Olympic gold medalist. We're hoping and praying for wonderful success in the 2028 Olympics here in LA. She comes back. She hosted her third Tara Davis Invitational, uh, largest one ever. And if you can see the check up there, she brought $100,000 to support the student athletes at Agora High
016School. That's her husband, Hunter Woodhall, uh next to her, uh who's also bronze and gold um parolympian medalist as well. And thank also to Miss Kill for being there at that very special event. >> I I just want to say it was bigger than last year and extremely wellrun. uh just very smooth. Tons of food trucks, teams, uh tents. It was just uh you know, thousands of people literally there and and just smoothly run. So, uh Principal Aisto and his team did a great job. >> That concludes staff communication. >> Thank you very much, Miss Westerberg. Madame President, members of the board, Calabasas and Agora High School have been staying very busy. Over at Calabasas, we recently concluded our 3v3 basketball tournament, a tape a teacher fundraiser, and our final club rush of the year.
017Um, we want to wish congratulations to our dance team who competed in nationals last week. CHS is preparing for the ASB election and CASP testing for next week. And over at Agora, uh, their elections are in full swing and students have begun voting. Over the weekend, AHS hosted its annual Tara Davis Pilotational. There were over 4,000 participants. Finally, they've been hosting fundraisers at several restaurants such as Panda Express and The Habit. Thank you. >> Thank you very much, Mrs. Mangos. >> Thank you very much. Um, I was able to visit a couple of schools with Miss Stein. Um, since the last board meeting, we visited Chaparel Elementary, and if you're having a bad day, it is always a great day to see a TKer or a kindergartener. And it was so uplift uplifting to see
018them in their classes. and um we visited the library and we visited fifth grade classes and just kind of touched base on several different things on campus. And then we also went to AEIT and um uh we didn't get to see as many sixth graders because they had just left that morning for Astro Camp. But um but we did get to go into a math classroom where they now have uh whiteboards for um tabletops and they're actually doing their math problems on the tabletops and then being able to erase it. It was great to see that learning environment and to see um we saw um Wednesday is their free play time for PE and we got to see them out on um picking their favorite sport to play in their PE class and it was
019just um super uplifting and then that night um kudos to Miss Cutville for how she um ran the leadership the women's leadership forum. >> Thank you very much Mr. Lazard. >> Uh good evening everyone. Uh I enjoyed the data committee with Mr. Lawrence and also enjoyed a wonderful tour of Calabasas High uh the other day. Thank you Mr. Watkkey and his team for showing me around. It was a an excellent tour. Um in my day job in the entertainment industry, I attended the AI summit at the television academy for the second year and uh interestingly the the mood was kind of more somber than it was previously. Uh I think a lot of people are are you know anxious about the future uh as it pertains to education. A few things um I sort of
020cherrypicked from the keynote speakers uh notes. Uh two things which blew my mind. In 2022 about 99% of the content on the internet was written by humans and today in just four years it is now only 50%. 50% of everything out there on the internet is now written by AI. And the other interesting statistic was uh Hollywood produces about 15,000 hours of content a year. 20,000 times that amount is uploaded to YouTube every month. And that number is going to dramatically increase um as AI makes all sorts of film making uh a lot quicker and more efficient. And in this kind of sea of quite a lot of AI slop, definitely some quality stuff, but a lot of slop. Uh I think what pertains to education is that uh human originality, human creativity, the ability
021to curate uh human taste, human judgment and of course um deep and uh uh uh just very deep critical thinking skills uh are going to be at such a premium uh in this new age. Uh to to end on a more positive note, apparently a $200 million Pixar movie is going to cost about $500,000 uh in this new age of AI. >> So uh you're going to probably the next great American movie is going to be made by a a high school senior sitting in their bedroom playing around with AI tools. And that is my challenge to AHS and CHS tonight. Make the next great American movie. >> Thank you, Mr. Lazar. Mr. Lawrence, I'll >> pass. Thank you, >> Miss Cupil. >> Uh the only thing I'll say seems a bit premature, but we
022don't have another board meeting before we head into spring break. So, when we do, just wishing all our families a safe uh spring break wherever they're whether they're traveling or not. Thank you very much. Um I'm going to tag on what um Mrs. Mango said about school visits. Um it was interesting at Shahur, we did get to talk to the teacher about how she uses AI in the classroom. You just reminded me of that. and uh and how they can really use their critical thinking skills to to determine what is real and what is not and really seeing, you know, hearing them go through their process of questioning and what they're looking at. So, uh it was it was really heartwarming seeing that critical thinking skill. I believe that was a third grade class that
023we were in that they were doing that. So, that was exciting. and that and um I also had an opportunity to visit Sumac and I'm always in awe when I see elementary students learning the curriculum in English and Spanish. So I'm always in awe. It is wonderful. It is so heartwarming seeing them and the students are doing great. I also want to thank uh Mrs. Cutill for um facilitating the women's uh forum. It was a great panel. You were terrific. It was it was really a wonderful event. And uh that closes uh superintendent board communication. With that, I do have a speaker um for items not on the agenda, Jennifer Shonfield. >> You uh you have three minutes and the timer is up on the screen. >> Okay. Hi, I'm Jennifer Scullfield. First, I need
024to say I was embarrassed at the last meeting. Amber only got to part of her statement and that part was about me. I know she appreciates me and wanted to say that. Unfortunately, she has a kid emergency tonight. So, I will start where we left off. Both of us were told to apply for the extended learning opportunity program ELOP for after school care, but we were ignored when we tried to apply multiple times. The LBUSD website also had an ELOP deadend that was not fixed until mid-occtober of this school year. And finally, we were told funds for this school year were all used up. Recently, Amber's son Paxton was transferred from Chapperel to Willow based on behavior IEP needs, but he couldn't go because after school care at Willow is also full. Then the district
025informed Amber that they would bust Paxton with ELOP funds from Willow to White Oak where there were openings in afterchool care. So, accidentally, we know that there was ELOP and we were told there wasn't. And we know our kids could have been busted to available child care and the district could have prevented all these damages. No one shared why Paxton qualified for ELOP, but we know by law students with disabilities and IEPs are eligible for it. All three of our kids most likely should have had ELOP all along, aside from the CCRC absurdity. But the district shows a lack of transparency and is not helpful. Even if there is a wait list after initial priority groups, we've not been put on it. Clearly, ELOP funds can be applied to IEP needs if the district chooses.
026Both our son's IEP's focus on behavior. I know Amber wanted to speak about me last time because it appears I was specifically not assisted with ELOP. I told the district on October 7th that my son has ADHD and an IEP due to aggressive anger and behavior at school and at home and the additional hours after school at home are causing more violence and I requested ELOP again. By law, my request had to be dealt with right then. The district knows this, but my ELOP request was again ignored. Now there are legal issues with both CCRC and ELOP kids. Recently, my fall schedule had to be made with two, not three classes, costing me a third of my income for a third time. I asked LBUSD Plus if they could give me any information to prevent
027this by my work deadline, especially since I'd already registered for next year's after school, 4 hours after notice was given to parents, but I was ignored concerning loss of income and told all parents will be told if they have care in March. Marcelino has an emergency IEP meeting soon due to increased aggressive behavior. Violence has impaired our ability to complete homework all year and his grades are suffering. I'm hoping for charter offers from LUSD which has multiple afterchool options. I still pick up Amber's daughter and we're securing legal help. I should not need to come to additional board meetings. >> Thank you very much. >> Uh with that, uh moving right along to consent A. May I have a motion to approve? >> So moved. >> Thank you. I have a second. Second. >> Thank
028you. Uh any questions? Any other items? >> Just to say I'd love to see all the wrap up on the solar and getting off the grid and returning all that to general fund. >> Great. >> Okay. Uh no additional questions. I'll call for the vote. Student, do you approve of the uh purchase orders? >> I mean of the consent a items >> I. Thank you. Board. All those in favor? >> I. Okay. That passes 5 Z. Consent B is board only. May I have a motion? Make a motion to approve the P. >> Thank you. May I have a second? >> I'll second. >> Thank you very much, board. All those in favor? >> I. >> That passes 5 Z. And with that, we move right ahead to our action items. And the first one
029is reduction or discontinuence of particular kinds of service. Dr. Ste. >> Dr. Se. Madame President, members of the board, staff is bringing forward resolution 3125, reduction of particular kinds of service. Similar to our February 24th meeting, staff brings forward this resolution when we are faced with any potential changes to our personnel staffing based on fiscal uh considerations or programmatic changes. While it should be noted that this is a preliminary notice, staff is nonetheless seeking approval for resolution 3125. >> Approve 3125. >> I second. >> Thank you very much. And uh when do this is preliminary. So when is permanent? >> If the uh reduction of force is uh moves forward that would come before the board prior to May 15th. I believe we meet on May 13th. So it would be >> so the permanent
030ones uh only if they're rescended do they come before the board or >> if they're rescended they do not come before the board. >> Okay. But if they're not then >> come forward they come forward as a consent item for the board. >> Perfect. Thank you very much. Uh any other questions? Hearing none I'll call for the vote. Student I board >> I that passes. Uh next is uh approval of resolution 32-25 classified layoff reduction in hours. >> Miss Chambers. >> Madame President, members of the board, staff is bringing forward resolution 32-25 classified layoff reduction in hours. This is a step that is again required by law that may certificated when we are faced with potential changes to our personnel staffing. So, the resolution involves laying off and or reducing a classified position due to
031lack of funds. >> I'll make a motion to approve. >> I have a second. >> A second. >> Any questions or comments? Hearing none, I'll call for the vote. Student, do you approve? >> I board, all those in favor? >> Okay. Next one is resolution 33. >> To maybe pause for 30 seconds. Can we move those pretty quickly for those watching at home? We've spent an inordinate amount of time discussing this. We know this is a procedural effort. Uh we've done this I think every year basically at one time or another and we've not had to lay off a single employee thankfully I think in 10 years I could be wrong. So we don't take it lightly but uh this is like procedural hurdle we have to do to move forward and we know that
032everything's being done in the background to make sure that all those notices are rescended. >> Thank you very much. Okay, with that we are moving on to approval of resolution 33-25 authorizing the issuance and sale of the Los Virginous Unified School District 2026 general obligation refunding bonds. >> Madam President, members of the board, I know the board takes fiscal responsibility extremely seriously and the well-being of our taxpayers who've been generous in their support for our school students and staff very seriously as well. Our financial adviserss are always watching for opportunities to refinance bonds uh before and so to that end we've refinanced over 12,500,000 in savings which goes directly to the taxpayers. The district receives no benefit on that regardless any chance we get. We want to be aggressive in taking those opportunities. There's another
033such before the board regarding measure G which passed in June 2006. Dr. Gleason. >> Madam President, members of the board, I give Dr. steps uh review, a five-star Yelp review. Don't have much to offer beyond that. Uh these are 2016 uh combination of 2006 and 2016 bonds. We anticipate on current interest rates that will save the taxpayers an additional 1.9 million on top of the 12 a.5 million that we have saved to date. Um if the board passes this resolution tonight, Dr. step and I will secure a credit rating uh in early April with the hope of selling the bonds uh towards the end of April, early May so that the savings can be passed on to our taxpayers. >> Motion to approve 3325. >> I second. >> Thank you very much. Any questions or
034comments? >> Uh just to say I think this is really positive for our citizens who uh you know so so kindly uh granted us the right to use these funds and have made such a difference to the district. Uh, and it's just great that there's some money going back to taxpayers. >> Yeah. I also want to um congratulate and thank um Dr. Gleason and Dr. Steppp uh for keeping your eye on this. This is an excellent benefit to the taxpayers. This is our six refinancing of bonds for a total of what you already said, which is about 14.5 million worth of savings. the term of the bond doesn't doesn't uh change the um you know when it when it matures but it is again as those of us who have refinanced our homes in the
035past you know it does save money so we really appreciate your diligence on this so thank you with that we have a motion and a second I'll call for the vote student do you approve >> I board all those in favor >> I okay >> and now we thank you we move on to the next item which is approval of resolution 34-25 authorizing release of request for proposal and RFP for after school enrichment services. Dr. St. >> Dr. Gleon, Madam President, members of the board, this is the year of the RFP, the request for proposal public contract code does not require an RFP for enrichment services. However, in the spirit of ensuring that we have a fair procurement process and a defensible one, we are uh requesting the board authorize our ability to go out
036for enrichment services. Uh we currently have two enrichment providers that provide our enrichment services at our sites. We operate under a facility use agreement which becomes really challenging to manage when enrollment changes the amount of black top that they have to rent. Um, as we as we navigate through our prior RFPs and expand LVUSD plus, having a single provider would be to our advantage and would also give us the opportunity to have more of a fair share return to the general fund as a result of the operations that are on our campus. >> Uh, do you like I move we approve uh the RFP release of RFP after school enrichment services. I'll second. Thank you very much. Any questions or comments? Thank you, Dr. Gleason, again for your diligence in in making sure that the
037district runs as smoothly as possible. We appreciate it. With that, I'll I'll call for the uh vote. Student, do you approve? >> I board, all those in favor? >> I. >> Okay. And our last um action item is approval of resolution 35-25 approval uh the purchase and acceptance of YMCA owned buildings located on district campuses. Dr. Ste, >> Dr. Gleason, >> Madam President, members of the board, we've said it before uh and it's worth saying as many times as possible that the YMCA of Ventura County has been a wonderful partner for decades uh in providing afterare services. Uh as has been discussed uh at previous meetings and extensively with the ELOP program, LWSD plus is is expanding next year to all sites and um in preparing for this uh transition on the Ventura uh or
038on the U western side of our district. We do have buildings on our campuses that we own the land, but we don't own the buildings. And these are our final buildings of that nature. So, uh, we've worked closely with the YMCA to purchase, uh, the buildings referenced in, uh, this resolution for the, uh, purchase price of $100,000. Uh, why this is in our best interest is, uh, the buildings that we will retain and not surplus. Uh, certainly would cost at least approximately double that to land in their place. So, it's good for the YMCA, it's good for us, it's a win for both parties as we navigate this transition. Um, and because it's a real property purchase, we are bringing it forward as an action item. >> Thank you very much. May I have a
039motion? >> I'll move to approve. >> Second. >> Thank you very much. Any questions or comments? >> I just want to um thank uh Dr. Gleason and his department for all the work that they've done to untangle many different webs of um financial obligation. >> And I also want to thank Dr. Gleason and Ronnie Stone. believe he is the CEO of the YMCA and uh to us he's Ronnie and he's been he actually went to our schools and he's a valued member of our community. It's been a wonderful partnership for many years and uh we evolve and we all grow and we just appreciate and and love Ronnie. So thank you for working well together which we knew you would. And with that I'll call for the vote. Student do you approve? >> I board
040all those in favor? I >> Okay, that brings us to our information items and the first one is uh board policy revision of board policy 3400 management of district assets and accounts. Dr. Steppp. >> Madam President, members of the board, these are both information item no action required by the board. They'll come back to the board at our next meeting for action. Dr. Gleon. Madam President, members of the board, the next two items relate to capitalization and inventory thresholds for equipment. Um the these are both very important items uh for our uh annual and interim budgets. We need to make sure that all assets in our district are appropriately tagged and depreciated and also tracked, especially if they are funded with grant money. Um, historically for as long as I can remember, that capitalization threshold
041was any item purchased or collection of items that are part of a whole of $5,000 or over needed to be capitalized. Uh, given uh inflation, that uh threshold has now been increased by law to $10,000. So, we are trying to update our policy in accordance and compliance with this. Um the recommendation is that in the uh uh this goes to consent at the next board meeting is that this would go into effect July 1st. So we have a capitalization threshold that mirrors the start of the fiscal year so that when we depreciate our assets at the uh close of books this year we do not confuse anybody in our future who might sit in our chairs and wonder why we capitalized a $5,000 item uh in this year. >> Thank you very much. any questions
042or comments? >> Um, I had a question. Um, you know, obviously in a in a business situation, depreciation uh is something that is is very important because it can lead to tax deductions and saving money and so on. It doesn't have any financial benefit for us. Depreciation, it's it's purely just for recordeping. I mean, there's no we're not going to benefit or not benefit in any way because this because of this change. >> Yes, absolutely. So since we follow Gazsby, the government accounting standards board uh regulations, uh we need to depreciate our assets over time, uh I think the theory of action that if Losist were to ever close, we need to have a register of how much uh how much we could liquidate in our the value of our assets. But it takes hundreds
043and hundreds of hours of time where we pose that same great question which is why are we doing this for a reason that will never happen. >> Yeah. Also probably because the the value that you'd appreciate is probably not going to be the value of something if you ever had us sell it. I mean it's a very rough approximation. >> Correct. Uh where it does come into play is as you know very well but for the public who might be watching uh we surplus property and when that property is surplused we are declaring to you that the book value has hit zero um and that asset has been fully depreciated. So it helps us ensure that um when we pass on equipment that no longer has any value that there's a process for declaration and
044assurance. >> Okay. Thank you. >> Thank you very much. No other comments or questions. We'll move on to the next information item which is revision of board policy and AR3440 inventories. Dr. Ste, >> Dr. Madam President, members of the board wanted to end with the most exciting item. So the previous item on capitalization this is on asset tagging. Um we currently um have a mandate to tag all assets that have a value of over $500. Um, and this really hits my uh favorite CTO's department, uh, Jim's department. Anytime you purchase technology, if you look at the bottom of all of our laptops, they have an asset tag on them. Uh, we do this for everything that comes through our warehouse. Uh, the audit threshold has been increased to $1,500. in said for similar reasons to
045the prior item. This will uh ensure that we are tagging assets that have that value. If the board approves this without needing to continue to track items from that $500 to $1,500 range, we'll free up staff time um and we'll modernize our policy with uh around the uh the true value of the dollar today. >> Terrific. I heard the words free up staff time. Nice. Uh any other qu any questions, comments? hearing none. Okay, with that I'm going to adjourn this meeting and it's 6:10. Thank you.