001I wish we would go away. I really like >> it's kind of nice up here. >> You're correct. >> Thank you. >> All right, we'll call our meeting to work. >> Public comments. Okay. Did we have anyone that requested? So, if you would like to address the board this evening other than those guests who are inviting who will automatically be addressing the board because you're on the agenda. Um, please make yourself known because we did not receive any requests and if you do, I will stall for two minutes so you can fill out the little form if you sign. Anybody? Okay. Very good. We have no one who would like to for public comment. Moving on. First item on the agenda agenda is consideration, minutes, claims, and payroll. April 7th regular board meeting uh board
002members received claims document payroll claims and the minutes in advance of the meeting. The fund balance back reports were also provided to the board and if there's any question happy to answer those >> I move we approve the minutes claims and payrolls as presented. >> Second >> and properly moved and second to approve the minutes claims and payrolls as presented. Is there any discussion? >> Hearing none. All those in favor signify by saying I. >> I oppose same sign. That motion carries. >> Next up is a uh new business, a discussion of uh our debt capacity and overview of de debt issuance. Uh Lindsay Salonado, is that close? >> Samoto. >> Simonettto uh for Baker Chile's here. Uh their financial advisor. Also, Eric Long from Ice Miller, who's a attorney with Ice Miller, uh is
003here, bond counsel. So, uh Lindsay, if you want to go ahead. Uh you should have in your packet I believe um this which will probably be easier than following along on that. >> All right. Well, good evening. Yes, my name is Lindsay Simonettto with Baker Chile. We serve as municipal adviserss to school districts and other governmental entities across the state. Um so we have a as a municipal adviser, we have a fiduciary role to our clients where we um have a are regulated in we are regulated and have to act in your best interest. Um so in tonight's presentation we are going to look at some illustrations of future financings. Note that they are very much illustrations. They can change um based upon project needs, timing, etc. but it does provide an overview of of
004what potential future financings could look like. And so we'll first look at your existing bond structure and talk through some debt capacity calculations and then layer on the illustrative financings on top of that so you can see what that looks like and then ultimately conclude with what that could mean to a typical taxpayer. So on slide seven here we have a chart of your existing debt and these you have three different bonds outstanding and two of them are first mortgage bonds. You may also hear them referred to as lease financings issued through a building corporation. And then you also have a general obligation bond outstanding which would have been issued in the name of um the school district. And that general obligation financing is is what we'll focus on as we illustrate the future financing
005as well. But with this current structure, you have those general obligation bonds um outstanding until 2027 and then those fully mature and then you have those first mortgage bonds out there. So, the payments uh right now total around 1.5 million and then go down um a little bit to about 1.2 million as those other bonds mature. The detail behind that graph is provided on the next slide. Um won't spend much time there, but that's there for your reference if you want to see those individual payments. On this next slide, we are calculating the general obligation bonding capacity. So, every taxing unit in the state has a limit to how much they can issue that is general obligation, meaning issued in that name of the school corporation without a building corporation involved and it's tied back
006to your net assessed value. So, today you're based off of your current net assessed value and taking into account that you do have one general obligation bond outstanding. Your capacity to issue bonds as general obligation is the $2,127,000 figure. And that again is is just strictly focused on the ability to issue debt in the name of the school district. if there was at some point a a project that required a larger um financing or it was a larger than what this could support, that's when you would look at that first mortgage or lease financing mechanism, which is is another type of financing that you have outstanding, just like most every school district across the state. On slide five, we have the um the calculation over time. So today we are at that 2,127,000, but as
007you continue to make payments on the existing bond, that general obligation capacity increases as you pay those bonds down. So, if you look at July 15 of this year, that's when you'll make your next payment on those bonds. And that general obligation capacity goes up to 2,267,000. And that's ultimately the figure that we utilized as we modeled out the first financing in these next slides is um you can't you exactly 2,267. So it's 2,265,000 that we've um that we've illustrated here. So on this slide you see an a summary of the different financings that we've modeled out. We show three financings each paid over about five years. And the thought behind this is that with the first financing, you're addressing project needs in the near term and then you have future financings addressing projects that
008are needed in five to 10 years down the road. And with each of these, as I mentioned, it's assumed that they're repaid over five years. So you're basically issuing a new financing as the old one is being retired. Again, this is uh very much illustrative. This can all change based upon when the timing of projects would need to be pursued. Um, but it does provide an illustration of what this could look like if there was kind of an a larger approval for potential financings with individual financings or individual bonds issued as those projects actually are occurred. when you actually need the money to pursue those projects. So, if you flip to the graph on slide seven, um there's seven here and 12 there, but but um the gray bars represent the bonds that are currently
009outstanding we talked about in the earlier slide. And then we have the turquoise color with a financing yet this year and that's in the amount of the 2,265,000. And then we have two more financings also um then modeled out issued in those five-year increments. And each of those are assumed to be about $2.1 million for those future financings. But as they all fit together, you can see that the payments do increase over current levels, but then they stay uh they stay steady at that same level for this entire period. Um and this again addresses projects um not just today but projects over the next 10 to 15 years as well. The behind that graph is provided here as well. I won't spend too much time there, but if you wanted to have that and then
010we've then calculated that general obligation bonding capacity as you layer in a financing in 2026. So, as those bonds would get issued, it would really eat up the general obligation bonding capacity that you would have right then, but then you would continue to make payments on the bonds. And so the far right column shows how that general obligation capacity increases over time as you continue to make those payments. So then you've built back up the capacity to then do another financing as general obligation in five years if you chose to do that. And then ultimately what this means to a taxpayer with this financing layered on over your existing debt structure. We are showing that there would be an increase to the debt service levy. So what that means to a taxpayer ultimately is so
011on the schedule we've provided home values ranging from $100,000 up to $400,000 and these are assumed to be somebody's primary residence. Um so it would be their homestead and they would therefore be eligible for homestead deductions. In bold, we have a home value of 206,000. That's represents the median home value in the school district. So for that median home, it's gross assessed value or market value would be the $26,000 figure. But after taking into account the deductions that it's eligible for, its net assessed value or the value that it gets taxed on is the $90,000. So for that median home with these potential bonds layered in, that impact would be about $862 per month or $103 per year. We've also provided the figures for agricultural property and other other property that is um residential but
012not homestead. So this would be rental property um and also commercial and business property. These are intended to be multipliers. So for example, if you have a $500,000 commercial property, you could take the figures here multiply them by five. >> And note that these are all estimates and certainly will vary depending upon how assessed value fluctuates over time and ultimately if a taxpayer was already at their tax cap. We have the circuit breaker tax caps in Indiana. If a taxpayer was at their cap, they wouldn't see these increases because they'd already be at their cap. So, we also have some some supplemental information that looks historically at what your AV and tax rates have done. But before I walk through that, any questions on the illustration of the financing app? So, back on page five,
013there's a net assessed valuation >> is that property that's in the school district. Is that what that number is? >> Yes. Yes. So, that's the tax base. >> And you're assuming that's not going to go up. >> Exactly. And really with Senate Enrolled Act One, um while there's been significant assessed value growth over the last few years, which we'll I guess this graph is is demonstrating here, Senate Enrolled Act One takes brings in several new deductions to properties that we anticipate will really slow that growth in NSS value, but also um depending upon the tax base makeup could actually net assess value is going down. Um so that doesn't mean property values are going down. It just means that their because while their value of the property could be increasing the deductions are increasing at
014a greater rate. So that net assessed value could very well go down. >> So if it goes up does that help us? Is that correct? Because it gives us more capacity. >> Yes, that's exactly right. And I got >> but the flip side is true if it goes down. >> If it goes down. Sure. Yeah. >> On page six. Um I can't read my note. I'm sorry. As the question >> Oh, I know what it was. So is it This seems like it's a line of credit >> um in a sense, but you're not actually Yeah, you're not actually borrowing anything until you act decide to borrow it. So, with each one of these, it would be um and Eric can step in too, but uh ultimately it's an authorization to borrow. >> So, do
015we get authorized for let's say I'll make up a number here $2 million and then you know in August we need a school bus, we need a hundred grand. Can we get the hundred grand or is it we got to take it all or how does that or is that We need to wait for his presentation. >> Yeah, >> you would have to when you decide to issue a bond, you would have to decide how much you're going to issue and that you're locked in at that point is how much you're borrowing. So, that is not really a line of credit. That's really I'm issuing this amount of debt that I'll need to be repaid over x amount of years. >> Can you do it a h 100,000 at a time and do that four
016times during a year or is it better to just do it. >> It would be inefficient because you have to pay there'd be fees um >> associated with issuing it. So >> it it is good ultimate. I mean it's really >> but but at the same time you don't want to issue so much now that you won't need for 10 years because then you're paying interest for way longer than what you need to. So there there does need to be a marrying of when you need the money and making sure that that's aligning with when you're actually borrowing it. >> Gotcha. Okay, >> good question. >> Maybe one more. >> Yeah. >> Does anybody else have one? >> Um so back to your page uh 10. So you're showing just as an example the average
017home value 206 >> which means the average homeowner here is going to see if we do this an increase of $103 per year in their property taxes. Is that number fact here you were talking about all the way out to 2035. So is that $108 going to be kind of fixed until from now until 2035 or that's what you're >> that that's if you continue to do the financings in that same manner >> right >> yes in a sense but also there is to your point there's no net assessed value growth assumed in this so the tax rate while um in the short term we are going to see the impacts of Senate enrolled act one over time that tax rate could go down. >> Um >> but yeah, and I also think um >>
018you're you've had debt payments at a certain level over the last however many years. And so in some ways there could be an inflationary adjustment of okay that debt debt payment level if that's not giving us what we need to support the projects that we need to address then there's kind of this reset if you will. >> Gotcha. Okay. >> To be able to address those. >> Thank you. That's all the questions. Anybody else have >> any? Good question. >> Thank you. So, um I'll walk through these more quickly, but on slide 12 here, we have the history of what your net assessed value has done. Um so, starting with 2023, and this is what we saw in a lot of communities across the state, very significant assessed value growth, 18%, 13% um even in
019this most recent year, 7%. all of those um certainly growing quite a bit and with Senate enrolled act one the expectation is that growth will very much slow and you can even see back in 2021 there was a year when that net assessed value did go down. Um so we could see that happen as those deductions continue to phase in but looking those higher assessed values have done to your tax rate. Ultimately, the assessed value has been growing more quickly than what the property tax levy that you're levying to taxpayers. That's that's been growing maybe the 4% with what the the annual growth quotient can do. But the AVs have been growing much larger than that which is ultimately reflect or reflected here as the tax rate going down. So back in 2022 it was
020a$18 and then in 2023 when we had the first year of significant AV growth it went down to a little under a dollar and now it's about 74 cents. So that gives you some frame of reference of of where the tax rate has been historically that has been going down um as you think through whether you'd want to pursue an additional financing or not. And then I won't spend much time here, but this is just more of the detail if you wanted to see what the tax rates of each fund was looking like. And then also we have what is referred to as the total tax rate. So this is the tax rate that people are actually paying on their tax bill, which is encompassing Rosville School District, but then also the county and township,
021all those overlapping taxing units gets you to that total tax rate. Any other questions for me? Do I have a slide on that or not for you? No. Okay. >> Okay. I brought extra hard. Um, good evening once again members of the board administration. Um, as Dr. Hannah put on the slide, my name is Eric Long. I'm a partner with ICE Miller. um been serving as Rosville's bond counsel for my entire career going back to 2010. Um so it's a honor and a privilege to be here again this evening before you to talk on the legal side about what Lindley just presented on on financing projects. Um and before I get into just general timing on an illustrative timetable and I want to emphasize illustrative these are sample dates um that just coincided with our
022meeting here this evening. Um just want to take a moment just to talk about um conversations we had with Dr. Hannah Pennington about um the fairly dramatic legislative change over the past couple of sessions, changes to bond process, changes to the increasing credits and deductions that Lindsay mentioned a little while ago. Um and thinking through some tools on how to react to that as a school corporation. Um, and I'd like to reference if I could Lindsay's page six in particular on the summary of illustrative financing to kind of draw a contrast as to what we talked about um, previously. >> Was that slide six? >> Yes. >> Oops. >> One more. >> It's on a need to know basis. Apparently, you don't >> keep going >> that way. >> Going forward. It's this one right
023here. If I can give you a picture. >> There it is. Okay. >> I wonder. >> So, for example, last time that Ross Pok undertook a a bond process, it was for what is this most immediate next need and how much is that going to cost? And we went through legal steps, etc. We issued bonds at the end of that. Um, what our clients are considering um increasingly is looking more longitudinally because, you know, working with design and construction professionals, you're looking at more of a a long-term view of your facilities. You have an assessment, for example, on what sections of roofs and what lifetime they have and when they need to replace, right? Um so looking longitudinally instead of what's the most immediate need that we need to look at this year looking a
024couple years ahead a few years ahead and um kind of bifrocating the process and saying we'd like to come forth and present to the community first and foremost on the authorization process for what this most immediate need is as well as what are the next ones that are a couple years down the line. Right. Um, and then having that just tucked away in our back pocket, as Lindsay mentioned, it's authorized. Um, but it's not necessarily, we haven't gone through all the steps to be able to come to market to bear and issue bonds. Um, and then over a period of time, and in this illustration, we're showing um bonds in 2026, 31, 35. Um, that is, as Lindsay said, that's completely uh optional and illustrative. There uh are a number of ways to um look
025at those variables. Um but this just gives us one example that we can actually you know look at concretely and talk about. Um so getting through the process overall on the front end to in this example authorize about $6.5 million of borrowing for what we know is an increasing number of projects over time and then just kind of having that in our proverbial back pocket. Um so that over the next two, three, five, 10 years, um when those needs move from the intermediate to the more immediate, we've already kind of gone through the initial steps and then the the process to actually go to market and issue bonds just becomes that much simpler because we've already gone through call it roughly the first third to half of the process. Um so in that context, the
026timeline that I have before you guys illustrates what that would look like. Um so as done before. It's it's just kind of a notice and hearing process. So, in this example, if this board is is ready and amendable and you have the process identified, um delivering your first notice of a project hearing that would take place at your June meeting, for example, have a hearing on um the overall aggregate in this example, $6.4 million and change um going through some additional process then to only enact if you will, that first trunch or that first series of bonds for those most immediate needs. So that's what the whole second half of this timeline would look like is okay, we've had a hearing and identified about $6.5 million worth of projects and in this calendar year we're
027only going to act on what those most immediate needs are, whether it's roofing, buses, etc., whatever, whatever those most immediate things are. going through the second half of this timeline, for example, for a school board meeting in July to go through the additional appropriation process, have a bond resolution for a general obligation bond, which is what Lindsay outlined. Um, and then again, just ballparking an estimate. We could price and close on those bonds anytime in the fall. Um, that would include working most likely with standards, a rating agency, who very commonly rates Indiana school bonds. Um, and this further goes to Lindsay's point and uh to your question, Mr. about um treating it like a line of credit. It doesn't exactly work that way only in the sense that there are costs every time you
028bring bonds to bear. So, rating costs, professional costs, um official statement costs and on and on. Um and so finding the efficiencies in doing that to be able to fund what those most immediate needs are. Um, and instead of doing it for every six figure tunch, if you will, the benefit there is on the IRS side when you issue taxes and bonds in this dollar amount roughly, they say generally you have three years to spend down those proceeds before you have any concerns about how much your bonds are earning in interest, etc. So, it allows you, it does allow you in that sense to be able to say we don't need to spend all this money right now. So, if the immediate need after closing is $100,000, right? For a bus, it's more than 100,000.
029I wasn't >> say 200,000. Yeah, 200,000 for a bus. You could do that right away and you could let those the remaining bond proceeds sit until the following summer when the next roofing project is actually going to get underway when the weather is warm, etc. So, you would issue that that series of bonds to be able to tackle those most immediate needs um without having to do it over and over and over and over if that makes sense. >> Okay. Um so again just speaking at a high level on the timeline and how that would look. Um roughly two months worth of school board meetings and hearings with some notices in between. Um they'll get published locally in your local newspaper as well as on the DGS website nowadays. Um because they have a landing
030spot for that now. Um and obviously there would be um a hearing component and resolutions that would go along with it which um that's part of what we would do as bond council is walk through all those notices um and all those resolutions and all the financing documents that would go out to potential investors for example working with Baker Tilly to put the official statement document together um which is kind of like the municipal equivalent like a corporate perspectus etc. um very similar to what we did last time although it has been a few years um since we undertook a bondage here at Rosville. So happy to take any questions you might have on the timing, on structure, any of those things. >> Anybody? >> Okay. Thanks. >> Thank you. Thank you. Ready for a
031motion? Just consideration of financial advisor. Is that what you're talking about? >> No. Consideration of claims and payroll on that. >> We already did that one. Okay. Sorry. >> I'm buying. >> Uh consideration on financial advisory do business uh requesting approval to enter into an agreement with Baker Chile Advisory Group LP uh to provide municipal advisory services in connection with the budget and the issuance of of debt. This contract will be posted on the school's website and with the LGF in accordance with House Bill 1210. Also along with that consideration of the issuance of GO bond requesting permission to authorize up to 6 million uh 6.46 million uh currently anticipated to be issued in three series over the next 10 years. Each debt issuance is currently anticipated to have a payment term of approximately five
032years with the total paid back within 14. Uh the authorization uh and not it's an authorization and not an obligation to utilize 6.4 million over that time frame. The debt capacity consideration of the issuance of the geo bonds. Uh the first issuance would be in the fall of 2026 for $2,265,000. And TI's projects are for uh technology approximately $1 million student Chromebooks replacement, teacher devices, and phone system upgrade. Uh along with that building construction, uh HVAC replacement, which is the auditorium, uh chiller, uh roof repairs, uh which is uh several sections. We had a uh thermal scan done here recently. You're looking at the north end. Um since I've been here, that's never been done. So, uh, and the good thing that goes right along with what we talked about this evening, the next series
033would also probably have a replacement of the other part that was done since I've been here. So, uh, the north end hasn't been done. So, it it would capture that area. And then there's other facilities and improve renovations and improvement. So, for the bottom line total approximately 2,40,000 uh there are other uh issuance cost that that goes along with that. So, Um the next item is consideration of issuance of those geo bonds. Um the potential for 2031 for 2,95,000 and for uh 2,100,000 with the board approval of the issuance of debt for the fall of 2026. I'll instruct that representatives and Ice Miller and of the district intend to issue uh debt in the form of general obligations bond and the board would be required to approve substitutional projects financing at the time of the
034debt issuance. So this is the first step. >> I move we approve the issuance of debt as outlined. >> Second properly moved and seconded to approve the issuance of debt as outlined. Is there any discussion? Hearing none. All those in favor signify by saying I. I. >> Oppose. Same sign. That motion carries. >> Personal items. Uh, consideration retirement. Danetta Miller has submitted her retirement notice effective the end of the school year. She served the district uh students for 41 years and uh we commend her for her service and wish her well in her retirement. Katie Mackey has submitted her resignation as a math ball coach affected the end of the school year. Uh, another resignation, Mr. Russ Ornik submitted his resignation. He was an English teacher at the middle senior high school for the end
035of the school year. And Alexis Brown submitted her resignation effective at the end of the school year as well. She's was a science teacher. Uh Valerie Bennett has requested FMLA leave beginning May 7th through the end of the school year. And then uh I have Sheila offer requesting leave of absence during the 26 27 year school year from October 19th to November 19th. U we've advised her that those days will be adjusted over the time as time move forward. So she may need to adjust those. She will need however six weeks of leave appointments. Mr. Dennis is recommending Paul Mullins is a 2026 27 math coach for the elementary. He's also recommending Paula Pauline uh Darrett as a new Rosville Elementary School assistant principal. She's here with us this evening. Uh the 195day contract base
036pay of $77,000. want to raise your hand or stand up for the welcome. >> Hello everyone. >> And then also appointments. Mr. Harmon's recommending Christina Schaeer for the uh art position uh for the middle senior high school for next school year. Base salary will be 50 $53,500. He's also re recommending Amy Shun as a part-time secondary math teacher for the middle senior high school for the next school year. contract would be 57 of a day with a base pay of 33,000. Uh continue on with appointments. Michelle How is recommending for the extended school year service of middle school student and an elementary student. Middle school student consist of one hour per week for one day a week uh for the duration of 10 weeks and the elementary student will consist of three hours per week
037from uh June 1st to July 24th. uh consideration of uh Clinton Carroll Joint Services and the the name will come official come July 1, but right now it's Clinton County Joint Services. Uh the assistant director of exceptional needs. Uh this is Susanna Evans is recommending uh Amanda Huffer for the position of assistant director uh for the Clinton Carolton Joint Services effective July 1 and she would have 200 day contract base salary of 76,000. And then also for the joint services since we're the LEAS, she's recommending uh Shila Winsel for the position of educational consultant for the joint services effective July 1 180 180 darn 190day contract salary 65,000 and that is our recommendations for personnel. I move we approve the personnel items as presented. >> Second properly moved a second to approve the personnel items
038as presented. Is there any discussion? >> Dr. Hannah on the two um Carol County Clinton and Carol County joint services. Are those salaries all on us? >> No. Okay. >> Those are shared between the five. Now it's five different members of the co-op and it's proportionally shared by ADM. >> Okay. Thank you. >> Like to welcome Mr. Chair. >> Yeah. Well, you >> uh also thank uh Mrs. Miller for 41 years. >> Yeah. >> Do we not approve that? >> Is that legal? >> Any other discussion? >> All those in favor signify by saying I >> oppose. Same sign. That motion carries. >> Several policies update. uh worked with ISBA on those and uh with the changes in the Indiana statute uh there were several uh first reads uh section 1700 public records access and
039an exemption that was revised uh educational records was also revised section 4100 4110 distribution displays and exhibited material on school property was revised 4300 student discipline rules was as a new updated polic policy. Uh 4307 wireless device prohibition has changed because of the state legislator. That's new. Police relations has been revised and investigation interrogation by law enforcement officers. 4425 is a new policy. Uh those for the second read is 6 6013 cash reserves and liquidity. That's a new policy. and debt service uh debt management policy 6600 is new as well. Those are the several policies and don't worry we have more coming. >> I move we approve the policy items as presented. >> Second. Been properly moved and seconded to approve the policy items as presented. Is there any discussion? Hearing none. All those in
040favor signify by saying I. >> Oppose. Same sign. That motion carries. Uh financial items consideration of restatement of the 40 401A plan uh requesting approval of restate the district 401A plan retirement uh onto TIA prep plan doc or TIA plan documents. I guess they got rid of prep. Uh this restatement was reviewed by uh in the employees and benefits attorneys from Miller. Uh the re reinstatement does not materially change the intent of the plan but ensures it remains legally compliant and operationally efficient. Uh also new business financial recommending uh the lease agreement between Clinton County Economic um advancement foundation and Wildcat Creek career cooperative for the lease of the building currently used by WB WCCCC. It's the old IvyTech at Times building in Frankfurt. Uh we currently teach our uh career technical education courses there.
041The stipulation of the lease is contingent upon receiving the ready grant. I think it's uh like a $1.2 million grant. The facility needs heating and air upgrade. And that grant would go help pay for that or would go to pay for that. Uh each school corporation would provide $5,000 a year for a maintenance lice repair cost. Uh my understanding when Ivy Tech was there, the building is currently owned by the county and the city and uh they don't want nickel and dime. So that was our avenue. So they don't get nickel and dime leases. Uh if the grant is not received uh then the agreement becomes null and void. uh extracurricular audit results. This is just for information. The district recently completed the extracurricular audit conducted at the direction of the state board of accounts.
042The audit period was from Jul July 2022 to June of 2024. The final audit report is presented to the board as anformational item. The audit w was posted to the state and the district website and there correct me if I'm wrong. There was no findings, right? and consideration of donation. Kova Egg Products has made $1,000 donation to the FFA program and Liquid Spring has made a donation to the A program uh of 7,049 pounds of steel. Um that totals 5,63920. And that's our financial items for this evening. I move we approve the finance items as presented. >> Second. >> Properly moved and seconded to approve the finance items as presented. Is there any discussion? Hearing none. All those in favor signify by saying I. >> I. >> Oppose. Same sign. That motion carries. Consideration of
043new or miscellaneous items. Consideration of the Rosal High School 202627 curriculum guide. uh curriculum guides in provides information about the uh curriculum for grades 9 through 12 and information about specific course contained within that curriculum. The information provide guidelines for students select from array of four-year high school programs will help students understand the content of the courses approved by the Indiana Department of Education. Course content description utilize description provided by the IDOE and I'm recommending approval of that um guide. Summer camps, there are several. Boys basketball May 26th to the 29th, girls basketball to be announced. JB cheerleaders to be announced. Volleyball July 8th and 9th. Volleyball is uh that's 4 through 7, June 2nd through the 4th for K through 3. tennis the 6th through the 11th of June. The dance is 20th through
044the 23rd uh from for grades 9 through 12 and dance also for K5 will be uh announced at a later date. Uh the board policy manual requires that all fundraiser activities be approved by the building principal. Thereafter, a list of activities of proposed schedule is forward to the board for action requesting approval of the updated fundating activities for the 202627 school year. Also, cyber attack assessment report uh that was provided in your packet. Uh Dustin Chadbolt shared the results of the cyber security audit conducted in April as a followup the initial audit in 2024. uh the reports that the audit relied on the district has made progress in maturing cyber security programs since the uh audit period since the prior audit period of the six trusted C1 or CI which is that's the CI >>
045CI frameworks must uh evaluated the district is optimizing one implementing three and developing two all recommendations from the audit can be uh achieved and Mr. Shadmill is currently working on full implementation. Uh declaration of the parking lot use. The Rosville business associates requested use of the parking lot for the assembly of the parade for various other parking events associated with the summer in festival that is on August 22nd uh 2026. Community church services will also be in the auditorium from August 23rd on August 23rd. Um and then uh the Rosville business associates supply the district with certificate of insurance. And finally in this category under miscellaneous there are some uh items up for sale as far as surplus items. Um and those are listed on your listed in your packet. >> Move we approve the
046miscellaneous items as presented. >> Second. >> Properly movement. Second to approve the miscellaneous items as presented. Is there any discussion? Hearing none. All those in favor signify by saying I. >> I. Oppose. Same sign. That motion carries. >> Reports conference. Dustin Chadville, Indiana Power School High School in Noblesville. um on June the 9th and 10th in Nollesville and Kelly Mills on uh uh June 16th and 19th securing a success 4-day interactive workshop in Indianapolis. Uh field trips FFA wildlife state competition West Lafayette on the 9th. Uh the eighth grade class trip to zoo on the 13th and uh girls basketball is uh team camp overnight Indiana Westland uh June 16th through the 18th and our seventh grade just got back right from Chicago. They were at the Museum of Science Industry Day. >> So >>
047okay with that I'll ask for a motion to adjourn our meeting. Can I ask a question? >> Yeah. Go ahead, >> Lindsay and Eric. Are you finding that with our current climate of the state reducing funds to schools that more schools are going this direction with geo bonds? >> Yes. Short answer is yes. Okay. Um especially if we've already been seeing it over the last few years, but I think even more so as the operations fund continues to get more squeezed. um just becoming increasingly difficult to actually pay for those capital projects out of funds on hand. So there's been more of a shift of needing to borrow things like buses and things that maybe in the past didn't have financ 2019 when the operations fund that got consolidated. Used to be broken up into
048a capital projects fund, a transportation fund, and a bus replacement fund, for example. Um, now they all got blended together and with an increased number of clients, there's just no money in the operations fund specifically for bus replacements. Um, increasingly the pressures are utilities, insurance, and transportation um gobbling up close to 100% in sometimes more than 100% of their operation just so I would >> Thank you. Sorry. No, you're fine. >> I'd like to add something else. I think this week's uh teacher appreciation and as I'd like to extend my thanks to all the teachers and everything they do for us. >> Agreed. >> Yes. >> Thank you. >> Agreed. >> Anything else? >> Okay. I'll take a motion to adjourn. I make a motion we adjourn the meeting. Second. >> Moved and seconded to
049adjourn our meeting. All those in favor signify by saying I. >> I. That motion is approved. So, thank you very much. Our next meeting will be on Tuesday, June 2nd at 7:00