001With liberty and justice for all. Honor the Texas flag. I pledge allegiance to thee, Texas. One state under God, one and indivisible. It's still 6:00 for the 2025 2026 tax rate. Okay, we got Mr. Stoner and I really want to thank Mr. Stoner for his work over the last several months. Uh certainly it's been a challenge uh a challenging budget year. It will be another one for next year as well. Uh but we really feel good about it and uh certainly want Mr. uh Stoner to u know that we I appreciate what he's done and so I'm going to let him uh do the public hearing, give you the information about the budget and then certainly have any questions if you uh have any at the end. Yeah. Colleen, can you go to the slideshow?
002>> Yeah. >> So, you guys were shared uh a document earlier. Uh we yesterday I shared this with you so you can kind of get your eyes on it first. This is the official proposed budget uh as we presented it in in years past. What you'll see there is the 199 budget in the in the first column, the 240 budget which is the food service, and then 599 which is debt service. 240 and 599 are both balanced and 199 shares a deficit budget of about $350,000. That's budgeted on about uh an ADA of 1720, which kind of correlates to an enrollment of$1840. I checked today and we're running about 1866 somewhere in there. Uh and our ADA today as of today was 1758 and we budgeted on 1720. So there is some fluctuation potentially that
003we can see throughout the years. As you guys know, enrollment changes, attendance changes. Uh so that number is is pretty flexible. But if we were to end the year where we are right now today, about 200 plus,000 would come off of our recapture payment that's budgeted. So, >> how much? >> 200,000 211 I think was the number that I calculated today. Also, the budgeted numbers on the the water side on our special populations change year-over-year. And what we're seeing is that our water numbers are going to be a bit inflated from what we budgeted on. So, our entitlement will go up that way, too. So all in all, it's looking uh we don't want to be here. We don't want to live in this world very much longer. We plan to be balanced next year,
004but this is making great progress from where we were a year ago, for sure. >> Next slide. So year over year, if you take a look at this, I've shared this with you since I've been here, it just kind of shares how we've grown uh in the last three or four years. 2223 is a watermark year for us because that's when we saw our property values just explode in Logist and that's evident and if you look at uh row 91 where our recapture payment was over $16 million budgeted uh if you fast forward over 2526 it's a quarter of that now right it's $4.3 million so from in the next or since that window of time in those four years our overall budget including 240 including for food service and including our debt service has
005gone down about $8 million $8.5 million. Uh and our recapture in that time has decreased $12 million. Our instructional costs have actually increased in that amount of time about $2 million bucks and that's largely based on teacher salaries. Uh and then the other $1.5 million fluctuates across all of the all of the uh different functions there. Next slide. Jason, before you move on real quick, just to quickmen, I didn't see a real big jump in our 51 this year. It was actually pretty It's pretty tight. So, do we have money that's carrying over from this year to >> No. Uh we did not account for inflationary cost in utilities and and water and those sorts of things. uh and the strategy there will be to feather that on the maintenance side, the actual boots on
006the ground. Can we make up the difference and doing things ourselves to to eat the inflationary cost of the >> I will say Adam is very resourceful. Uh he has saved us a good bit of money just fixing things themselves. So he has saved us a large chunk of money. >> Yeah. When we get to our budget amendment for 2425, you can see the numbers pretty pretty solid in terms of what we actually spent. >> How how many more years do we have of the with the city that >> three? >> Yeah. >> Okay. >> All right. So, this is our revenues. Uh there was always been since uh Darren's been here, there's always been a red slice and that was for our SHs money. Uh we have exited the SH program. the cost of
007operating uh chars is about the same as the revenue that we've received from it. So the juice has become not worth the squeeze. It's pretty easy to to say that we want to do that when the revenue was about $300,000 and it cost us 15 or 20 to to to operate. Now those two numbers 15 or 20 is about the same as what we would be getting in return from federal onars. So we have exited that program. Uh the green section is our local revenue of what they call 5700s. It's largely based on tax collections. You can see that that's down about 9% and that's largely based on your property tax relief measures that have uh been implemented. And then the state revenue is also down about 8% and that's largely based on the entitlement
008increasing uh for us to to operate our expenses. they've they've kind of squashed our our state revenue a little bit but have allowed us to keep more local revenue uh as a as a way to sort of offset that. But all in all, our revenues are down about 9% from year-over-year. So we're operating on roughly 9 or 10% less money than we had a year ago. Uh next slide. So if we looked in sort of drill down a little bit closer to that, where is that money coming from? The blue stays the blue. That's state revenue. The green slice is our golden pennies. That was done through a vader, right? A public election in which the community said, "Yes, have those eight pennies. Do not send these eight pennies back to the state of Texas."
009Uh, but the other yellow and the red hatched yellow is from our compressed tax rate, our 6169. Uh, we can keep all the yellow stuff, but the red hatched section we collect. It says on the property tax bill that this is for Lago Vista ISD. It is not for Loggo Vista ISD. That $4.3 million goes to the state in August. We collect it, but we cannot spend any of that. So, the first thing that you do when you build a budget is figure out how much money that you're collecting is going out the door in August. So, that's that's the first thing that we do. That's actually gone down almost 50%, it was about $8 million in 2425. Now it's 4.3. And that's two reasons that we discussed last meeting. Uh one being our entitlements
010increasing. They're allowing us to keep more money through House Bill 2. And the second reason that's gone down is property taxes or property values in Nagabista have decreased about 6%. So those are the two reasons why our recapture has has shrunk uh from one year to the next. Next slide. This is how you guys adapt the budget on a function level. Uh I as a comparison I threw that third column up there to show you how it moved from one year to the next. Uh the big one obviously is function 91. Function 91 is that revenue that we collect that's recaptured has to go out the door. Those two numbers if you look are are exactly the same. What we collect is what we spend. We get to figure out how to spend the rest
011of it. Most of all of those uh increases were explained last month a little bit in an explanation on the on the wise. Just worth noting function 23, function 31, function 33, and function 52. Uh 21, 23, and 31 are counseling leadership, instructional leadership. Those have been budgeted historically with uh FTEES without warm bodies. And there was a lot a lot of movement in the last couple years between counselors going to APS and uh CCMR directors going to counselors and counselors leaving in August. And so there was a lot of just sort of throwing a number of an FTE. We've made adjustments to actually have the budget reflect that warm body count at this point. So that's why you see those different looking numbers than than the rest of the budget. Next slide. Uh before
012I should have said next slide. Uh that bottom slide said our expenses are down 11%. So our revenue is down 9%, our expenses are down 11%. So we're looking at a plus 2% gain which is reflected in the deficit that we had last year of $950 $60,000 going down to $350,000. So we made tremendous amount of gains and dealing with that deficit. Uh this is how this next slide up here is how you guys have been seeing how we've managed the budget since February. When we show you preliminary budgets starting in February, March, April, we show you it from the object level. So this is stuff just a different visual of what you guys have seen all along. Most of our expenses uh are in payroll. We're a bit unique than other school districts around
013because we contract transportation. We contract uh custodial services. So, school districts who have that in house have payrolls that could reach 85 86 88%. Our payroll accounts for about 74% of our budget because we contract a good chunk of of our payroll out. It'll be a lot more if we had everything in. Right. Right. Uh and then contracted services is always a little bit fishy because that's where recapture lives. So it doesn't give you really a clear indep indication of of that. So in that 74% I've removed a recapture so it's a little bit more of a of an accurate or a usable number. Uh we've taken some capital project funds away from 2425. So that's why you see a decrease in in in capital projects. We're trying to uh with Rusty's help and and
014and uh positive way of looking about this, we're really trying to see how far we can structure capital projects money by not looking at so much iPad refresh and technology updates and really trying to utilize the resources that we have. Capital projects takes a big dive because of of our recapture payment supplies. We anticipate our supplies going up because of some inflationary costs. Our food service, that's just a a blank number that we hold on to to take care of negative balances for kids at the end of the year. And our fees and dues. We've talked internally about, you know, you guys know this as much as anybody, but we've tried to look under every stone to figure out where we can find a dollar. So, we've talked about, you know, not using toll roads
015and travels and trying to be very mindful of our our fuel expenses. So, we uh we reflected that in the in the budget by it decreasing about 1%. But overall, like I mentioned before, our expenses are going down about 11%. Next slide. So, contracted services, I kind of put that in quotations because that's where recapture lives. uh uh our contract service about $8.3 million total, but half of that goes to the state of Texas and custodial services and utilities is our other big uh spender there. And then transportation as well, but all of those are sort of by contract, right? That there's not a whole lot of flexibility and the big things that eat away at our contracted services. Those are all things that we we have to have to keep the place open on
016a on a daily basis. Last slide or >> off the top of your head, you have to know how much we give back that total of recapture. >> It's close to $50 million. >> Five years or 10 years? >> Uh 10 years would be more than that. >> So 5 years 50 million. >> Yeah. Okay. Thank you. Uh if you if our if you go back to that first slide >> in just a second >> the first slide where it said the aggregates the last four years would have function 91. You could add those up and that would be a good budget. So uh Susie and Darren and Tina and I have looked at this starting in 23 24 this graph here. Uh our fund balance is in great shape as as you guys know
017our first report's pretty solid right we got 100 last year. Uh the state of Texas believes our fund balance is superior. It it gets 10 out of 10. We will probably do that again in and this year when this year is audited. The problem becomes cash flow. All right. The problem becomes the actual cash flow. A fund balance is a number on an audit. It doesn't mean that there's $8.2 million in the bank at all times, which is what our fund balance is. So when we were really starting to negotiate what our deficit budget was going to look like in 2425, we started really being mindful of cash flow. And at the time about 36 months out, we were looking at potentially a problem. As we got closer, thinking that uh this legislation was going
018to be a benefit to to us and that it possibly not being what we thought it was, uh we started looking at what that looks like uh back in February, April. and we started seeing a a big problem in 18 months or so, which was that November 26 time frame, where it could be possible that we may need to be taking a loan out if if we didn't manage our expenses uh as well as as we as we could. So, that's sort of the the oh no situation, right? So, the budget that's proposed in front of you today allows that graph to look like this. So we are now in a position in that critical time in November to not only make payroll but also make payroll in December even if we didn't collect a
019penny in the month of December which as you guys know December, January and February is when we collect 90% of our tax collection. So if you can get through November uh with money in the bank, then you should be set for sure for the next 15 months or so. Uh there is times when values and statements don't come out. This happened in a a neighboring district where folks property bills didn't come out until the very end of December and people weren't paying their property taxes because they didn't have their bill. And so they had a huge collection in January, but they were really sweating in December. In this scenario, we wanted to make sure that that was never a problem for us. So, we wanted to make sure that we have enough money in November
020to meet February or to to meet December uh expenses without being held victim to uh you know somebody else's situation. So, last slide again that's yeah that's a good graph to showcase where we were and where you all got. So, thank you very much for everything that you've done to get us to this point. I know there's been a lot of blood, sweat, and tears for this. Um, and if it weren't for you, we'd be below that blue line. So, greatly appreciated. Thank you. >> Yeah, for sure. A collective effort, not with just people in this room, but I mean, everybody has been such a I >> I'll speak to that. Our when we, you know, when that graph graph before and then when that one came out, we showed the principles. I will say
021our principles during that meeting, they started turning and okay, I can do this, I can do that. And from from athletics to elementary and everything in between, everybody was we can do this, we can do that. And it was really a team effort. Uh I mean because the principles knew what they could maybe absorb even though absorbing was going to be more difficult, more challenging, they were they were up to the task and so a lot of kudos to them as well. So but >> yeah, it was it was good effort by everybody. So that's the budget again to close out this the the presentation with the same slide we started with. >> If uh you guys have any questions be happy to answer them >> for the public. >> Any comments from the public?
022>> All right. Now 618 closing public hearing. We'll go to item number three. >> Okay. So, uh Jason just gave a great description of the budget, how it came about, some of the things that we did. Uh and so I would like to recommend the budget of uh $ 38,549,986 uh for the 2526 school year. So we have a recommendation. Entertain a motion. >> Move that we accept. >> I second. >> Have a first and a second. Any discussion? >> Just want to say thank you again. I mean I know how difficult this is and it's you know when you're flushed with money it's you have a different mindset but then all of a sudden it's you don't have a lot of experience sometimes when and it can really mess with your head. I mean,
023I know from a business perspective it it's difficult, but I really appreciate all the effort you guys are doing. Just convey to the staff and the other administrators that we really appreciate it. This is a it's difficult. I mean, I've been at this a long time and you know, two years deficit budget is just just unheard of. >> Yeah. And you know, I look at it also as, you know, you come in, you fight the good fight every day and then you have to pass a deficit buzz budget and the pride that you have to take on thinking that, oh my gosh, you know, I I hate doing this. So, Susie, the fact that you go down to the state and advocate for Texas schools is fantastic. You know, Darren leading during times, which is
024just extremely difficult in education. you can tell by the graduation rates from college and those wanting actually become teachers. So for you and uh I appreciate Jason always keeping your nose to the grindstone to make sure that we actually can keep the lights on with even with the controls at this moment. >> Yeah, I mean thank you so much for I mean just curriculum and making sure that you man we really appreciate it. I mean, we under >> it is underestimated from the board to know that, you know, as easy as it might be to say, "Oh, yeah, we we got a cooperative and a good board, we've also got a good administrative staff that we really appreciate that cares about what's going on at this district." And, you know, our mission is the kids.
025I mean, people might not see that outside, but it's keeping kids educated in the state of Texas. And we appreciate y'all fighting for us. Appreciate that. >> Thank you. to see where we started at when we initially got this with this Tony Brown bike. You guys banded together and brought everything together just saved a ton of money. We're so incredibly thankful for you guys and your hard work and thought thoughtful work and and uh look forward to more to come. Thank you. Any further discussion? All in favor? >> I. All oppose. Four. Next item number four, action adopt order setting school district tax rate. Okay, so in order to pay for this budget, we have to set a tax rate. Uh and so like I say, it was in your packet. So I recommend that
026uh uh we approve a tax rate of M rate of uh per 100 uh dollars and an INS tax rate of 3200 per 100 for a total of uh $11 or 1.0169 tax rate for the 2526 school year. There's been a recommendation and entertain a motion. >> So moved. >> We have a second. >> Second. Any discussion? >> All those in favor? >> All those opposed 40. >> That was Greg Zeleleski and David Scott. Right. Yes, that's correct. >> Moving on to action item 20 or number five, 2024, 2025, budget amendments. Okay, so you should have your pack and I'll let Jason kind of take over, but uh these are budget amendments that we need to uh finish the school year. We got to make sure that uh each function is has got enough money
027in it so we move some money around. Uh Mr. Sher get in a little bit more detail about this, but we will need to uh uh have an action item on this as well. So, Jason, is there anything you want? >> Yeah, real quick. 599 uh we because there's some property tax relief when it went from $40 to $100,000. The tax uh the the state had provided some INS uh help for those schools that may be suffering. We were in a pretty good spot. We still got the money. So, I'm just making sure that our budget reflects the some of the money that we received and I'll be putting that over into the defeasance expense that that we spent and saved, you know, about 1.6 1.7 million in that uh 240. Uh we're monitoring that
028one pretty pretty closely. Uh but we have pretty healthy fund balance that you can't do a whole lot with. So any sort of upside down that we see in 240 will be supported by that fund balance. And there should be a few bucks left in there in our in our 240 fund balance. And then the the one that we're all here for is the 199. Uh we ended up getting our last payment uh our cost report in 2022 3 years ago uh was in court uh and it was not looking like it was going to be released anytime soon. Uh the reason that we had challenged a formal appeal was the same reason that every school district in the country let alone the state is challenging the reason. So we could exit that uh appeal
029uh and still be if in the event that the appeal is in our favor, we'd still get the the revenue that that we would be walking away from. But we wanted what we were owed immediately. So we walked out of that appeal and then they ended up giving us that $100,000. So I had that revenue recognized on our revenue side on 199 and just to make sure that we are covered for any expenses that we may see either from September one on or the auditor comes in and says we need to move this or that around. We leave a little bit of a pillow in each function so that in the event that the auditor says you need to reclass this from here to here that there it's a safe landing. So there's no uh
030findings in our audit. So if you look in the first column and column N it says our anticipated expense and then there's a cushion column which tells you how much fluff we have in each one of those functions. I went ahead and and sort of took my stab at what we could see at at as as our as our fund balance this year. We adopted a negative $960,000 uh budget. We're going to come in about somewhere in the high eights, low7s. Uh so we outperformed our budget uh by about about $15, $200,000. That impacts our uh fund balance, changing it from 8.2 million down to 7.4 million. That still gives us over 90 days of operating in balance. So in terms of our first reporting our financial integrity rating system score, we would still get
031a 10 on that situation. Just interesting to note, it cost LVD $80,000 a day, 365 days to operate Logista. $80,000 a day. If you took recapture off of that, it would cost less than $60,000 a day to operate the school. So, just an interesting kind of caveat for the lights to stay on, for folks to continue to get paid, for folks to continue to to work here. It's 80 grand a day. Without recapture, it's less than the $60,000 a day. >> That's it. So, we'll need a motion to uh approve the amendments as presented. >> I'll move that motion. >> I'll move that we approve the 2526 budget amendments. This is pardon me. 20 24 2025. I apologize. >> The second been the first and the second. Any discussion? >> All those in favor? >>
032I. >> All those opposed? 40 item number six. >> Okay. Uh so it's consider take action to adopt an order authorizing the defeasence redemption of certain outstanding obligations. >> That was a tongue twister. uh when I had last year. Okay. Uh outstanding obligation to the district. Basically, guys, this is just taking uh the extra money uh and the fees or paying off the 2017 bond series that we've had. Uh this is going to save the district money uh on paying interest. So, basically, you're just paying your loan off early. Uh and so this will take care of the 2017 bond series that we have. Um it also uh removing this debt increases our bonding capacity to well over 140. It could be even 150 million without. So basically we go out for 140 $150 million
033bond and it would not cost the tax. We wouldn't increase the tax rate one penny uh by doing this. And so uh it's a big savings. Uh we've we've done this before and like I said, this capacity will only increase as we continue to pay off our normal debt schedule uh year after year. So uh Jason, if you want to add anything to that. >> Yeah, real quickly. This will be the last year, school year 2526 where we can adopt an INS tax rate uh and then defease money with a a tax rate at it at what it is. Once your obligation uh is met, once your tax rate exceeds your obligation, the board would have to take action and pass it by 60% to defeat bonds starting in 2627. So, if we don't pass
034a a a school bond until 2030 and we want to continue to increase our capacity and pay off debt early, the school board would have to adopt to keep the tax rate at 32 cents at a 60% clip for us to continue to do that starting next year. >> That's new law came out. >> I was about to ask what was the catalyst for that? So, the new law. >> Yes. Yeah. Um, have we ever been at this high of a capacity? 49 >> and Greg, you know, schools now are going >> because never cost as much to build a school here. >> High schools cost about $500 and that's a basic high school. I understand. Yeah. I mean, it's a Yeah, it's absolutely ridiculous. >> What What triggers the capacity? What says this is
035how much you have capacity? >> It's a good question. I have to do some recon on that financial analyst question for us. But it takes your overall levy, right? What you can collect on the INS side and what loans you can get from what you can contribute year-over-year. So if we can collect $12 million a year, how much of a loan can we take out of a 50-year loan if we can pay $12 million a year on it? Preliminarily, it'll be 150 million, but it cost us 200 million to build a middle school. So, the more we can do this, the more that we can potentially get that building without impacting it tax rate. >> Jason, what is our total indebtedness right now? >> Uh, it's 70 just on principal alone, somewhere in the high7
036million range. >> Okay. I thought I saw something in one of the documents that you gave us that had had some number in the 60s, but maybe that is after the check. >> But no, I mean I didn't know it, but I mean I was just thinking about it cuz >> now that you say maybe after it become 68 million >> that looks like the number that I remember seeing right. >> Let me let me check real quick. and he say to your question from 22 to the end of this school year uh uh recaptured 35 million381,689 in three school years. Okay. >> I didn't add this year cuz it's kind of a a guess. So, but I bet if you go back to 2122 that was probably 10 million 10 or 12 million. So,
037you're looking at right at 50 million. Okay. So, I entertain a motion. >> So, that's got specific language. >> Yes, it should be in your board. >> I move that the board of trustees adopt the order authorizing the defeasence and redemption of certain outstanding obligations of the district as presented. >> Do we have a second? >> I'll second. >> Any discussion? All those in favor? >> I. All those opposed carries 40. Item number seven, consideration and possible approval of amendments to the LBIC District of Innovation Plan. Okay, so uh we started District of Innovation in this 2015. >> Yeah, this this is 10 years. >> Okay, been 10 years. Uh wow, >> I didn't realize it until right now. Like, wow. >> Yeah. So, uh, you know, allows us to exempt out as long as
038we have policy that can back up those things. Uh, been working on it. And of course, a lot of new new laws came out this year. Some are eligible to be exempt. Uh, some are not. Uh, if it's open to charter schools, then it gives us a possibility to exempt out. There's a lot of other laws that we could have, but we felt like these were three big ones. Dr. Loftton done a lot of work on this. Uh, she loves reading the law. She understands it a lot better than I do. So, uh, I I'm going to kind of turn it over to her and she can explain the three amendments. >> The law parties, right? >> Like laying down the law statute. So, >> should not lay down the law. >> Um, that's true.
039Uh, so, you know, Mr. Web said it like we're um we have the ability starting with the 84th legislative session to uh exempt statute that doesn't equally apply to open enrollment charter schools because that was part of the suggestion is that we weren't necessarily on a level playing field. So there's still some things that there's a list of statute you're still not allowed to exempt. But um every legislative session we try to take a look at the bills and see is there anything in here that benefits the the school district to consider for exemption. Right. Um there were a lot of um bills in the last session that pro you provide a significant administrative burden. And so that's the particular lens that we were looking through is like what can we do? when do we
040have a a serviceable policy in existence that still that works for us and that makes sense to exempt any changes, right? Um and so you've been sent I won't read the the the um exempted statute word for word because it's pretty lengthy, right? Um but the three areas are um uh TEC which is grievances. Um it doesn't mean we don't have them. means we would continue to utilize our wellutilized policy um that's been in existence and that's FNG on the student and parent side and then DGBA on the on the um employee side. Um the next area of statute is 26 uh 062. That's the required disclosure regarding instructional plans. Again, uh the requirement would be um a posting of every course that's taught within the district every semester. And that means kindergarten phonics. That
041means, you know, that's a pretty pretty u robust requirement in terms on the administrative side, right? We have those plans. They're reviewed um and they're certainly made available to parents and that will continue. Um the last area is the TEC 33.026 026 and 027 it's the acquisition of library materials and the challenger or appeal regarding library materials. Um again we have existing policy EFB that's been in place and well uh has served us well. um we don't see the need to um this would significantly lengthen the process to add um additional instructional materials in the library would require posting for 30 days and require approval from the board for every book that's basically entered into um the catalog. So um so those are the three areas of statute. It's worth mentioning that this is an
042amendment to our existing DOI. So um this is not a renewal. So this policy including these three areas will be up for renewal this spring. So this puts into place for right now until this spring. If we wish to continue utilizing the DOI process, we'll have to revisit it and go for another five-year plan this spring. This was approved um unanimously by the the present members of DEIC earlier this week. Um, and it does require a twothirds vote in order to pass. Um, at that point, if passed, um, we would notify tea. We have to post online. Um, but it would, um, several of these statutes go into effect on September the 1st. Um, so it's just worth worth noting that um, it is a twothirds vote. If you have any questions, I'm happy to
043entertain them. >> So, I do have a question. >> Sure. >> I apologize. >> Okay. This should be common sense, but why is it every five years? Does does the board have to do five years? >> Yes. The the maximum length of a of a district innovation plan is 5 years, right? >> And so, um, you know, we've had several iterations of either amendments or renewals. And so, we are a maximum. So, >> you can do fewer, I suppose. >> Okay. I mean, so I didn't know if other districts align their district of innovation possibly with some of the stuff that comes down from the state to see if it would affect it, but you know, >> so every legislative session I review of statute. I will say this, like um you know, you're seeing
044less statute get through the legislative session that's eligible to be exempted. Uh because the very first thing you look to read is does it say each school district and open enrollment charter shall? If it doesn't say that, then it's potential, right? But there's commissioner's rules as to what can't be exempted. And then there's an entire section in chapter 12 that list things. So, there were some additions made in chapter 12 um during the the last session to take some things off the list. Nothing that substantially impacts us right now. Um but I do think that there's going to be some momentum to potentially limit this process in the future. >> All right. >> Yeah. more state control, less local control. Yeah, my opinion. I'll >> entertain a motion to approve the amendments. >> I move
045we approve the district of innovation. >> I have a second. >> Second. >> Any discussion? All those in favor? I >> I carries 40. I will say next board meeting will be next uh not next Thursday, Thursday the 8th. Uh just know there's uh new requirements. Uh we have to now post the any agenda starting September 1st, four or three full business days before the day of the meeting. So we will now have to start posting the agenda on Tuesdays. let it run Wednesday, Thursday, Friday and then Monday is the board meeting. So you will start getting your agendas and board packets on Tuesday at some point. Uh I will say guys there's a lot of things that come in during those first couple of days and so there may be some business that we
046have to postpone because we can't get it all done or you know there's just a lot of things that go on. So, just know that you'll start getting your board packets uh on Tuesday if it's a Monday board meeting. >> Some of the larger districts are I mean, they're out 3 weeks before their board meeting. I mean, I know that's just extra work because they have the hands to do it, but if it has to get postponed to the next one, you know, you guys are going to set the precedence on making sure that you get the information >> in a lot there two >> two a lot. There's no reason. >> What was that? >> There's no reason. All in favor >> is our meeting here on the 8th. >> So can we have
047the middle school? >> Yeah, let me let me I'll give you an update on that. I I don't know just yet. Uh Adam was on the phone earlier. We have got the sped offices moved out of Viking Hall >> uh into their building today. We still got some things we got to get done. Uh our fire p or past fire inspection so we can move in. So I'm going to see what that looks like. Okay. >> It may be a quick turnaround for the 8th, but for sure I think October. So just just >> Yeah. And I' I'd rather go back there cuz guys, I'll be honest, I can't hear it here. I'm getting older. >> No, it's closer to your house. >> When he says talking sometimes, >> David, to answer your question, uh,
048as of August, well, we owed $76.3 million. Then we paid our August payment which was about $9 million. We're was 67 and some changes are about 10. >> That's phenomenal because I mean the last what are the last two bonds that we passed? >> 44. >> So I mean that's 64 million there. So we're basically down. So everything thermal paid off >> and I know that there's stuff that's back from the >> essentially what we have is 2020 and 2022, >> right? We pretty much paid off the 12. I mean, >> yeah, >> one with the with the plan in place, I mean, >> yeah, >> we're going to be able to accelerate as much as >> 200 million would be the absolute goal for our capacity today. >> Thank you. >> All right, let's
049call this thing. >> 641 meeting. All right, cool. Thank you guys.