001I was here. I was just in California. You were here. We're live. So you guys send this to you. She said I don't think she at least But you helped get money. You're sitting right next to me and it takes that long to get here. Great job. It won't doesn't like that one. You got to It's just the little piece of it numbers, right? Yep. It's great to see you. Good to see you, too. How you doing? Just hanging in there ready to graduate. So, getting close. Yeah. Close and done. Next week. Oh, yeah. Well, two weeks, but I'm done in on Wednesday. So, on Wednesday. Yes, sir. I'm real excited for it. That's nice. August 15th, I think. Couple months. Yeah. Couple months to enjoy the summer. Not have to worry about football. Yeah.
002Yeah. Yeah. You going on your mission? You're going on a mission. What's going on? How you doing? Good. I haven't seen you. I know. I actually have to He's like, "Well, he's had two work vacations, two personal vacations." That's what I didn't know. She's going to miss American Idol, but that's okay. We'll hurry. Yeah. We'll make her miss it. I'm going to vote regardless as soon as voting comes. Right. All right. For what? Important stuff. For my American Idol people. Oh, cuz tonight we're going to go down to three people like voting. Yeah. I can't remember. I've had I've been out of town three weekends in a row. Yeah. It's crazy. Yeah. So, was yesterday last weekend? It was, but then I stayed. So, I was in meetings in Denver. Oh, okay. Friday. Didn't school
003with you. on the road, right? Give it two minutes. Remember that. My daughter-in-law's from Castle Rock. Okay. Oh, okay. Save. That's Yes. You might want to pass the cookies down and take one of those. You go take your cookies. I can't just keep them all. Who made them? Who made these? Lend it. I did for the graduation kits. They're warm. Yes. Let's see. How do you Is this childproof? So, I can't do making it to I already had one. You guys want a cookie? I have a cookie. I am just Okay. They've already been down this way. Holy cow, those are good, Linda. They're really good. education. All right, we're close enough. Um, what is it? 3. Welcome everybody to the uh South Summit Education U board meeting. It is uh May 12th at uh
0045:59. Close enough. Um, we want to excuse President or Superintendent Mann for some personal reasons and uh hopefully he feels better when he comes back. So, um, we'll start with the pledge of allegiance and uh, if you'll repeat after me. I pledge algiance 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. Uh, Vice President Whitmore will now give us the vision and mission statement. South Summit School District, valuing individuals and preparing them for success. Mission statement. We support, empower, and inspire individuals to promote and achieve academic and character excellence. All right. Thank you. Um the item on the agenda, we're going to start right off with school uh fees, the public hearing. We don't have to
005have a motion for that. I don't think so since we're opening up. Okay. Uh so we'd like to open the uh this time for any of the public to come and speak if they have anything they would like to add. President, can I just one one item of clarification. Um the change from last year to this year, uh the South Summit High School made one little change and I just want to draw everybody's attention to it. Um, they added welding and if I can find it real quick, welding discretionary projects. They added that. So, if a student wants to do, you know, some extra things, they have to pay for the materials and all that to to do that. So, they added that $500. Is that right, Steph? Okay. Thank you. Is that a flatout
006fee or is it up to $500? It's up to just whatever they use with this. So, that's like a material only fee type thing. All right. So, any uh hearing? No public. Nobody signed up. No. And no one signed up. Um I'm looking for a motion to close the public hearing. I move to close this school fees public hearing at 6:02 p.m. and open the regular meeting. All right. Thank you, Linda. All right. Next item on the agenda is our student board members. Um this is is this the last this is their last meeting. We want to say thank you. Um, with that, we have two, they're certificates, but they're actually scholarships that, uh, you both will have the opportunity. There's instructions on the back. And we, this is just a token to say thank
007you for your hard work. Appreciate all your time and you came to all the meetings, most of them. And I wished I had got you more involved like last meeting. We'll do again this this board meeting. But we also want to take a minute to uh take a picture with your civi certificates and just say thank you again for all you all you've done. I don't know if there's any comments from other board members. Yeah, I I always appreciate uh the input from our student board members and um I agree with President Weller. I wish we would get you guys more involved and and hopefully this meeting and then in the future that we've learned that we can involve you guys more that your replacements and that we actively do that. But I appreciate both
008of you. You both come in with great attitudes. You always have a smile on your face. Um, you always say hello to me, which is nice that you acknowledge uh everybody and so thank you. Thank you guys. We appreciate it. Yeah. Thank you guys so much. Thank you. Good luck. We'll take you. Want us by Dan by then? Yeah. Or just get up there and I don't have to move. No, you don't have to snuggle up here, Wade. All kind hold your Yeah. Hold your cool little Look at you. Even did in their school colors. I did. You are so good. Do you want me to hold it instead? No, just I don't know how to work this camera. Very good. Get that out of the way. All right. Perfect. Okay. Thank you guys. Thank
009you guys. Oh, well, camera didn't break, so you must not. I must not have been. We'll now turn the time over to uh board me me me me me me me me me me me me me me member Emily to give her report on South Summit. Perfect. All righty. Um for I want to start with elementary. There is so many things on the the list that I got from the elementary since I've gone um for starting for the 14th. Um the fourth grade has a dress rehearsal um because they're doing a program at 6:30. Um May 22 or May 20th they're going the third grade is going to the planetarium. The Dual immersion is doing a culture cultural celebration at 6:30 at the high school. May 20th, uh May 20th, last day of prek. May
01021st, last day of prek for and program 2. They're doing a trip to Thanksgiving Point May 21st, the first grade. The fourth grade is going to Fat Cats Bowling. The May 22nd is the senior clap out which I'm really excited about which gonna ball my eyes out my eye. Um they're doing the fourth grade is doing a rendevous. Um the 23rd is the fun kickball game which my year we got to cancel it because of the weather. Very sad but I'm super excited for the kids. Well maybe you can go over there and play instead pick a team. Um, the kindergarten is doing a field trip to Ogden Dinosaur Museum. The fourth grade is going to This is the place. The yearbooks are going to be given out May 22nd. And then for the middle
011school, I have that they're going for a yoga walking field trip. They're doing their field day. Um, the eighth grade is going to the lagoon or has gone to lagoon. They The seventh grade is going to a funplex. They're doing their field day the 23rd, I believe. And the last day, the seventh and eighth grade are doing their awards assembly and their um I forgot the name of it. Their talent show. There it is. And then for the high school, they've been doing the AP exams. I want to highlight the Spanish AP exam, which I got a five on. Nice. So, I'm super excited for the kids who are going to be taking those. Those are always so much fun. I took almost all the APs that I could. Um, good for you. We're having
012the 16th is the last green day for the seniors and that 17th is the last white day. Uh, track is going to BYU for state. Golf just went to state for girls golf. They did an awesome job. I want to highlight Ellie Merchant and Remy Arno. They're very awesome golfers. The senior class is doing a trip to the Hogal Zoo and May 19th. That 19th there's also pickle ball at the Oakley Complex. The 19th is also the National Honor Society induction ceremony. The 20th is the senior trip to Lagoon. And the 21st is the senior photos and graduation practice. There's also going to be the senior dinner at the Oakley Red Barn the 21st. Um the senior parade and graduation practice is the 22nd and graduation is the 22nd. So great. That's all for me.
013Very good times. All right, Bo, would you give us a summary of what's going on at Silver Summit? So, for the elementary school, not much is really happening. They're getting ready to end school in about two weeks or three weeks, I think. Um, I do know that they're doing a little field day in the last week of May. And I know all the elementary schoolers are pretty excited for that. And as for the middle school, it's kind of the similar situation. You know, hasn't offered a ton of different activities for them to do at the last moment of the year, but I know they're also going on a field day in the last week of May as well. Um, for the high school, um, sticking with, um, field trips, they're all going to Lagoon. I
014think seniors might be going, too. I'm probably not going to go though. I don't like roller coasters, so me neither. Um, yeah. And, um, you know, same with South Summit. All the kids just finished taking their AP classes. I know a lot of them have been working really really hard. Um, a lot of the AP classes themselves have been having study groups. Um, I was able to take a couple which was really nice and helped me study. And um, for the senior class, uh, we're all really excited to graduate. As I said last board meeting, still hasn't changed. And, um, we have a little senior dinner that one of our fellow students has hosted at their house, which is very, very special of them to do. So, I know we're all excited for that. And
015we have our senior prank coming up and we're going to sleep in the school and put a bounce house in it. All right. Fun stuff. Yeah, that's all I've got. You're advertising a senior prank. Yeah, I am. Okay. All right. Thank you. Doesn't usually work that way, but some of them know what's coming. All right. Any moment. Moving on. We wanted to highlight our adult um graduates from the that's not ed G adult ed sorry adult education GEDs and so I'd like to Deb if you'll come up and oh we're even highlighting I'm glad you guys could could join them thank Sit down. He's in charge. Okay. What I'm told. That'd be the first time. News to me. All right. So, the adult education program is the best kept secret in Canvas Valley. Um we
016um we take care of the GED. We've had some high school completion and we've had ESL. Our ESL um instructor could be here. She's in England, but um she has been working with her students on citizenship and last week one of her students got his citizenship. So, we're really proud of that. Nice. [Music] Um we are the people that lurk on the west side Wednesdays and Thursdays nights and try our best not to accidentally set the alarm and had it go off during this meeting. Um, I got involved with the program in 2016 and since 2017 we've had 51 graduates and really proud. That's great. um Dylan Lewis being the last one and he was motivated to get his GED so that he could actually get a job at the Hebrew Hospital. So I consider
017this kind of the second chance for a lot of the kids. Now Dylan is an anomaly because he was is kind of a perfectionist um whereas the other students not so much. So, uh, let's see what else. That's about it. I I'm so grateful that Dylan came. The rest of them, I knew they would come because showing up is not one of their [Laughter] strong within September. And we're planning on there's going to be at least three more hopefully by the end of May, Juneish, and possibly four. So, we're we're proud of our program. I am. That's great. Very great. Appreciate your hard work. You uh obviously have to hurt cats. Um and uh it it makes a difference. And someone thanks for coming. Congratulations. Yeah. Congratulations. And uh we print out some certificates for
018everybody. So that's official. Do you want to get a picture? Quick. Where you going to put that? Can we get Can we get a quick picture? Even with the poster and with Deb. Where are you going to put the poster in your car? No, I'm serious. You going to hang it up in the hallway or what are we going to do with it? I guess I could. I'm just going to throw it away. No, it all the I get over there all the time. He sees him. I see him. I visit with him. Are you guys coming? You're going to come around here and you're going to get a picture. You're the star. Remind my boss Cindy Butterfield is a what? She is the best odd. There you go. We want to put that here.
019Let's put that up. Take a picture now. There it went. There we go. Okay. Thank you. Thank you. Wonderful. Hey, can I make a comment about one of your students that graduated? Uhoh. So Dylan Lewis, he um he was in middle school. I was with him all the way through middle school and then I missed his high school career, but he um actually dropped out of high school to help support his mother and he worked as a mechanic all those years. I got to work with him for three years and I was always on his butt. You need to get over there and get your degree. And I'm glad he finally did. He did. Good for you. the job that he wanted. So he got one and yeah he really smart kid very intelligent and
020I asked him why did you drop out one of the you know top achieving kids here told me that story yeah I felt bad I would have had him by the neck [Laughter] um are you going to cover Yep. I'm going to superend. We'll let Adam take over for superintendent. So, um just a reminder that the gayla, the foundation gayla is the uh 31st of May and you should have received a invitation at this point. Uh looks like it's $200 to to go if you want to go. Um they haven't comped a a uh table so and we've reached out and no word yet. So, if if that happens, I'll let you all know. Um, as far as recognitions of retirees, I'd like to invite Kenna to come up and she's got a couple that
021she wants to recognize as far as retirees that have given a lot of their adult working lives to South Summit School District. So, let take this one. So, I feel super honored to get to honor KK Chuck. Um, just I think this tells Kay's story of what she's contributed to Salsama High School in the math department. She's been with us for 14 years. I think Wade hired her at the middle school and then she shifted to the high school. I think when you went to the middle school, she went with me. Yes. So, um, so when knowing that this was her last year, um, as a full-time teacher, she, um, said, "Load me up." And so she has six different preps. She is math teaches math 1050 concurrent enrollment. She did 1010. Um, she has
022done math uh, common core 2, um, math 3. Um, she has also done uh common core math two honors and math three honors. So truly six different classes and she said, "Load me up." And then she wanted to be sick of it and know she's going to retire. And then when we were talking about what we were doing the last week of school, she said, "Well, I want all the time that I can have with my kids because they I'm not finished teaching them." And so that's who Kay is. And um Kate has just been an incredible hard hard worker. She's there the first person in the morning, the last one to leave in the evening so that she can give her kids timely feedback. She's always trying and thinking of ways we can do
023things better. She um got all of the teams together today to talk about how we could better administer the Aspire test. Um she's just been an incredible leader in the two years that I've been there. She has also been over National Honors Society. And I remembered last year, it took me a minute to figure out how come she was always picking up trash after the sporting events until I figured out that that was one of their service activities. But she is just um she's a servant leader amongst um our teachers. She's mentored many math teachers that we've brought in who haven't always been a math teacher, but she's worked with them and and has just tried to do her very best to make South such a great place. There's some un some other things that
024you need to know about K2. She um brings a lot of positive um elements to the culture of our school. She never lets a birthday be forgotten. Um there's always a treat and she just makes sure that school is also a really fun place to be and we're so honored that she is ending her career at South Summit High School, but also really tickled because she's going to come back and be a math tutor for our students as well. So So she's not for you. She's not going to leave us leave us. So we're we're grateful for Kay. She's just an incredible human being. Um, she is everything you would want in an educator. No one works harder. No one loves the kids more. She's amazing. She makes some mean chicken enchiladas, too. So, we
025appreciate you, K. I know, K, you've impacted my children's lives as well. So, we appreciate you in the Whitmore house for sure. Same at the Metafath House. Same in my life. Thank you so much for being an awesome teacher. Okay. Thank you. You You You were persistent. She didn't get hired the first time she applied. It was a good hire. Glad we got to have you here. Probably should have had you a couple more years if I hadn't been hard-headed. I guess you hardheaded a little bit. Congratulations though on some more free time. And K, how many years actually in education? 14 here, but where how many? 40 years. 40 years. Where else have you taught? K. I taught um my first couple years in the middle of South Dakota and um then I went
026to back and got my masters and then I taught in Minnesota for a few years, Wyoming for seven years all over and then out at the Oakley school. I was one year at Wasach even. Wow. Weren't you in Green River, Wyoming? Yeah, I was in Green River for seven years. Yeah. Yeah, I will say too, so in the in the space when um when Miss Lewis was out and we wanted to continue to do offer AP Calc, Kay took that on last year as well, which shows her incredible um willingness to just do whatever is asked, even if it's incredibly hard. And she had like the highest pass rate we've had for AP calculus um when she taught that last year. So, congratulations. She's she um is going to be dearly missed in the classroom,
027but we're glad she still gets to work with students in us. We get still get to see her. Great. That's awesome. Thank you very much. Thank you, Kate. I'm going to give her a standing ovation. [Applause] Brett. So, we'll call Brent up and then we're going to do a picture. So, stick around, K, for just a minute. Can we Can we roast Brent? Yeah. So, so you know, I've only been here for 5 years and I've known Brent for 5 years, and I apologize that you get me, Brent, to kind of toot your horn, but uh Brent's given basically his whole adult life to South Southern School District. He started out as a teacher in the elementary school, I believe. Is that right? And then eventually came over to uh technology. But um what a
028phenomenal job. He's he's uh he's dedicated a lot of his time, extra time. I'm sure his wife's here and and I'm sure she's like, "Oh, you got to go back to the school to fix whatever computer in the, you know, in the middle of the night." So, so we sure appreciate Brent and all the time he's put into South Summit School District. And, you know, um, we've not always had a lot of help in that department. Uh, and I think it was it in many years had run fairly lean and Brent somehow kept it up and floating. And I think just recently we got him some help. But uh um uh phenomenal job. Um Brent's going to be missed and and uh I know we've we've hired a new director, but uh you know that
029knowledge of 35 years in a school district is hard to hard to replace. So we want to thank Brent for his his uh many many many years of service and what a phenomenal job he's done for us. So I just have to say something too. So when I first met Brent, I was scared of him because I didn't know if he was joking or serious. But he does he has great jokes. He comes and tells me jokes all the time. And he does have a big heart, big soft spot. He's the first person my kids met when they got off the bus their very first day of school here. And they still remember Mr. Giants helping them find their way to the their classes at elementary school. So that's awesome. Yep. Anybody have anything they
030want to add? I got a lot, but we want to hear the stories. No, I'm I'm not going to tell any because that didn't incriminate myself. But he has as many on me as I have on him. But me and Brent, we kind of took the same pathway. We was at Utah Valley Community College, Utah Valley Technical College, right? In reverse order. Then we went to Utah State. And then we started working here in this school district the same year, I believe. I believe we did. Yep. And I just Well, actually, you me. The year after you? Yeah. I started in ' 89, he was in 90, but had the opportunity to coach with Wade. Yeah. We got to coach football together for quite a few years, and he's a good man, and he he
031knows how to have fun, and you got to have fun if you're going to do this job. Yeah. Yeah. If you're not having fun, you'll go crazy. Too much fun. Well, and you've seen the whole evolution. And I was just thinking he was my kid's specialist teacher where they're learning how to type. And you went into the computer room, those great big computers everyone had in the back. And now we're walking around like this. So when I graduated from high school, we had one computer up in the office and if you're really good, you could go out and play probably Pac-Man on sitting outside the principal's office. and and yeah, I've I've been involved since uh day one when Gary Kandle was hired to come up here and well actually I was with Barry too
032before Gary and moved through the whole progression of oh everything just one I mean one little server and now we have a pretty complex network that's getting more complex all the time and all the threats but I'd just like to Thank South Selma for Hey Brent, we love you bud. Y I'd just like to thank you. That's all. Miss you. Well, well, come up. Let's K come on up and we'll get a picture. [Applause] Now you can be like your mom and drive bus. That was my kid's favorite bus driver was driving. I might in here. Yeah. I drive now. Yeah. Perfect. Thank you. Especially with those jokes. The kids need that on the buses. Got to give you a hug. Thank you for everything. Thanks, Brent. Thanks, K. Hi, Kane. Okay. Sorry. We'll get
033going. Um I think Don's going to take just a minute and go through our new website. We uh just purchased a new site and she's we're pretty darn close. I think we've got a couple more weeks and we're going to transition. And then she's also going to show us the spirit shop. The spirit shop that you guys asked us to do. Can I say something about our retirees real quick? Oh, yes, please. Sorry, I didn't mean to. Right. There is what we need to see when people retire. Yeah. Sad to leave and happy they've been here. Yep. Too many of them leave the opposite. I need to do better at that. Yeah. Do you want to send them? Oh, what do you want me to do? Just I just plugged in right here. Is that
034Sorry. I didn't want anybody to leave that. Yeah. So, this is my project I've been working on for since the fall. Yay. And which screen is coming up? It's not going to come up. Try the other one. Uh, do you want me to bring it up? So, you really didn't do anything. Oh, wait. What happened? Try to plug it back in. It just erased everything you've been working hard at. Dang. Got to start all over again. Something's happening up there. It's flashing. Yeah, it's not recognizing a stone. I wonder if it's this cable's bad. The one over here. It's on. Oh, that's mine. Here's this one. Let's try this one. Why don't you just do it from your desk over there? There it is. It's going to go now. Is your thing? There are definitely
035gremlins in this room with this stuff. I've been here all day. That'll be funny. Are you kidding me? Always. That's what we needed. Just you to plug in. Okay. So, I've been working on this since October. And um since the fall, I had to start posting things on the website, correcting things on the website, and we had a lot of redundant redundant items and a lot of different links that were broken. So, we had a committee meet and the company they chose was school web masters and we liked their dynamic websites. They also specialize in school district websites and they were started by an ex-school teacher who wanted to make school websites more accessible and easy to use for parents in the community. Oh, great. So, this is the district website. It's not a real
036website yet. So, some of the links aren't working, but we wanted something simple. We wanted something that parents could look. That's awesome. The community could look up here, and here's all the big important things that people might want to look at. School board. There it goes. So, I can change the pictures right here. All the schoolboard information. So then they just support you guys like they provide the framework and you can go and add and I can I can sub. So what we do is we submit tickets to this company and they put it on our where it's supposed to be. So if somebody puts something on the high school website and it also needs to be on the district website, they can do that. So it's all in the same place. If the link
037gets broken in one place, they can check and make sure it's working on all the other websites. So, they also will audit our website, make sure it's ADA compliant, that somebody that is using a reading device can read all of our all of the information on our websites. So, um, if you scroll, let's go back to the homepage. If you scroll down, there's these important buttons with the academic calendar. Find the calendar. So, that was that's the number one phone call I get is where's the calendar? So, Google um even think hard enough. Transportation is another big call that I get. So, and food services. And then right here, these link will link eventually. They don't right now to all of our schools and to the aquatic and fitness cent's website. Okay. And then down
038here, we have a message from our superintendent. And I just wanted to show you what the new site's going to look like. Um we can change the latest news. This links to this part links to a Google calendar. So, we can put board meetings on there. We can put links to the agendas and the minutes. The I'm just going to show you what the homepage is on each of the schools, what it looks like. This is the high school's new website. And so, they're all similar. All of the schools websites look the same. So, if a parent has a student at the elementary school and one at the high school, they can go to the same place to find the same information. So if you go under parents, what does that show you? I mean,
039it will show just anything parents need to know. The calendars, athletics, bell schedule, boundary maps, and we can change these as we need to throughout the year. And right now, they just have stock photos on there, but we can change any of the pictures anywhere. when uh it's probably a question for later. When is this going to be up in this is going everything is going live on May 30th, May 29th. Really? We won't have We'll have real pictures then. Yeah. Yep. We're just collecting. We're in the process of collecting pictures um right now. Let's see. This one's the elementary school. That is great. I love the consistency. That was our goal. We wanted it simple. So hard to navigate. All the different ones do different things. Yep. And there is a little bit of
040variation here. They have what each school was like, well, what's the most important thing? What do we get the most phone calls and the qu most questions about? So there's obviously was pay meals and preschool. So you can like they can make their payments right here and click here and it'll go to a link to make their payments. That's great. power school calendar and a letter from their principal here. And then the middle school, theirs is a little bit different green because their green and their logo is different, but same thing looks the same when it comes up. And then Silver Summit. So, we're going to start sending out a flyer, the flyer that was attached to the to board ducks tonight or to the agenda. Um, it would we're going to send out start
041sending out that flyer just so parents in the community know that we're the new website. It will be the same URL um because the district owns that. It'll just be a new look and they'll it's um compatible with phones, tablets, and computers. That's fabulous. And then on our website under helpful resources, this is the district on our spirit shop, which is what I worked with just to get set up. This was the other project I worked on. So, anybody can go on here through the spirit shop. They can pick out a sweatshirt, put the different type of logo on it. They can select if they want it embroidered or whatever the other thing is they do on it. And that's really cool. Yeah. Yep. Always want more swag and have to wait for whatever team's
042right selling and try to and this is just the district logo and then there's some a few in here that are like so you can pick the different logos that you want on it. Black probably wasn't a good choice to show. Awesome. So, this is kind of where we talked about maybe putting a budget together for the board to select an item when we go to NSBA or whatever. So, so again, this is this is what we've been working on to kind of fulfill that requirement, too. So, we we just need to set an amount to and uh go from there. So, then you can place your own orders. Can can in addition to the different logos, can you get like different teams, different sports? So, this is just the district office and just the
043district logo. Um, the high school has their own spirit shop on their website where you can get the team the team swag. Does anybody have any questions? Like it. That's great. Thank you. Thanks for your work. Thanks. A lot of work. It looks great. Yeah. I want to thank Don for putting in all the time. she's really been the spearhead of all of this and that's that's a giant thing to do and we appreciate her hard work on that. Um, next the superintendent wanted me to talk a little bit about some of the academic successes and I think he's emailed all of you. One of the successes that we've seen this year is we had one student pass the WEDA test last year and we had nine pass this year. That's great. So that that's
044a great thing. um when we that's a pretty hard test to pass and and so there's some good work going on with our ELLL students. So do we know what age group they were that passed? It was in it was in elementary school. So I I'm not sure exactly group. So the elementary kids and three the high school. Yeah. Sorry I earlier they graduate there the better. Yeah. Um, next, um, we want to we want to put a shout out to our, uh, junior class this year for the increase in the ACT. So, we went up a8% this year, uh, which is really good. Went from a a 19 what, six last year to a 20.3. So, our highest ECT score we've had. Yeah. For quite some time or if ever. So that that's a
045that's a great thing and we shout out to them for great work that they've done there. And then Silver Summit this year also had a 2.2 point growth in the ACT composite score and they're averaging at 22.9 which is really a really really good score. So shout out to our juniors this year for the ACT stuff that they that they did this year. So any questions about that? Okay, that's I think the superintendent update. That was less words than he usually uses. I know. Just throwing that out there. Did you want me to say some more words? You you get a a BA up here. You know, these meetings can go really quick. Um as far as uh my report, are you ready for Sorry for my report? Yeah. So, we'll just go right into
046um the BA report. Um, I brought Ben in and um, he's going to, you know, the board asked me to look at some financial savings, some financial investing um, stuff and he's going to put a presentation together. I do want to say that as I've talked to some of my other BA members, I'm um, they are really hesitant to do some of this stuff. Um, and the reason they are is because this is one of the things that get BAS in trouble. And so, um, I just want to put that out there. I'm not Ben, that's not against you. It's just it's just, uh, you know, the PTIF is a safe way to do things and it's liquid money and it's there and you don't have to worry about it. But anyway, I just wanted
047to put that out. But there are some good things that he will present today. And and so Ben, if you want to come up, introduce yourself, where you're from and what you what you do, and then we'll go. Sorry. Whoops. USB. I've got you right here. Oh. Yeah, I got it. Do you need a We We died up here. Unless you have I got you. We're good. Thanks for fixing that. Sounds good. Thank you. Okay, then it sounds like I have about seven minutes. Is that right? Yeah, that would be great. Okay, so if you just want to move to the next Yeah. So, thank you for having me. My name is Benjamin Seah, you know, been working in the state of Utah with entities like yours for over 15 years now. And what I'll
048do is I'll give a little bit of an overview of our firm and then give you what we have in mind for a long-term investment strategy that would include the PTI. So um meter public funds were founded in 1974 public entity since 1990. We actually work with over 400 different entities throughout the US over 140 different school districts. So yes, although um in Utah I would say VA has been a little bit more apprehensive um this is a very common thing in other states and it's actually caught on um since the financial crisis. I I would say that most of the cities in Utah have a long-term plan. Same with most of the counties, Southern County as well. Um we work with public entities. That's it. Um over 165 billion in assets under management. Our
049team is very seasoned. Uh so our portfolio management team about 20 years experience on average. We work with your project funds and your operating funds. So we manage operating capital and telling you to spend and if you go out to bond um you know there's rules around investing those bond funds until you spend those we help you manage those as well to maximize the income until those are spent. So the next uh slide here is going to be um based on your 2024 audited financials. And what this shows you basically hold about 40 million uh that's currently in PTI. Then you also have some cash. What does PTI stand for? Yeah, public treasures investment fund. Okay. So it's basically like a money market for state entities. Okay. You know, it's ran by the treasur. And
050so what that means is all of your funds are very liquid. They're all less than a year. You know, you can get those funds anytime you need them. The next slide here, what's been happening um over the last um five years or so, and this is actually apparent with all of our entities through COVID uh through increases in home values, uh through increases in tax revenues. We're seeing heightened fund balances over time. And so for 2020, you know, you can see that you had a building reserve there, you know, some governmental funds, capital project funds, and general funds. The um school district had about 25 million or so. Now you're up to about 40. And then of those of that 40 million, you do have a capital project outweighed. You know, those could be used
051for, but then about 22 million in your general funds that would that would be part of your operating. So going to the next slide. Um as you all know, you probably been hearing the tariff news just as of today, you know, there's been some negotiations with with China, you know, as far as getting the tariff uh situation settled there. So actually rates actually came up a little bit. Um but what's been happening with with tariffs, you know, there could be a little inflation, there could be some heightened unemployment. We'll see. But it's created a lot of uncertainty in the market, right? And so the Fed is basically coming out and um saying that they're trying to hold steady, but the futures market is saying that we might get two or three Fed cuts this year.
052Well, how does that affect the PTI? The PTI is correlated with Fed funds, right? So if the Fed cuts, the PTF goes down in yield. If the Fed hikes, vice versa. Um how many of you around 0708. Okay. So the PATF was around five%. Um within a year after the financial crisis it was down below 0.5. Right. So it's it's extremely variable depending on what the Fed's been. The next slide please. So this is the two-year and the fiveyear Treasury over the last 20 20 years or so. And the reason we track this is, you know, it's part of our job. It also shows you that over the last 20 years, uh, longer term rates are higher than they've been, you know, since 07. And so with our clients, the reason that's so important is
053we do take care of the long-term strategy, meaning we're um buying longer term bonds that are going to hold yield for longer, right? So, for instance, if we're entering or in a cutting cycle where short-term rates are going to go down and the PTAP is going to be highly effective, we think that a portion of your funds should be laded out 0 to five years. So, you're holding on to yield that's fixed that you can budget off of, forecast off of, you can make decisions off of because you know it's going to be there compared to having everything in the PTF where rates do go down, your interest income is going to change pretty dramatically, pretty quickly. So, if you look at the next graph here, um this is what I put together for the
054school district and this would be our recommendation. So based on all the funds you had that would include the capital project funds and the general funds uh we recommend keeping about 22 million in the PTI uh just because we don't know when those capital project funds are going to be spent. But we do think that it's really prudent um to layer out money in the different investment buckets as you can see with the sample distribution 0 to one year 1 to two 2 to three 3 to four four to five. Now in that four to five you have about 7 million out there. Basically we can buy non-allable securities over 4% that are going to be at 4% four to five years. So as there's a lot of you know variability with the PTF you
055can actually count on that income to be there. And then the sample allocation on the top right, you know, we would add in some US treasuries backed by the US government agencies, everything that's allowed in the Utah Money Management Act. So from a principal standpoint, there's no more risk than being in the pool. Um the risk is, you know, if you layer too much out long term and then you need it back, right? Because obviously the zero to five year it's not as liquid. It can be you can sell it. You know you can sell it for a gain but because of that we do a lot of cash flow planning. Really want to make sure that we understand your cash balances, your cash needs, your inflows, your outflows. Um, I would say this would
056be actually a defensive strategy because you're taking some of that money away from that Fed funds line, which we might go into a cutting well more of a cutting cycle and you're saying we're going to lock in some rates, you know. So, from a from a mitigation of interest rate perspective, this would be defensive. Okay, next next slide, please. So, this is the services we provide. Um we are a white glove service. We do everything um not just investing in the portfolio. We look at all your funds. Uh so we help you, you know, establish new bank accounts if you need that. You know, negotiate those. We um implement your investment policy. Um make sure it falls into Utah money management app. You do your cash flow planning that rolls into the investment strategy. We
057did 44 billion in trades last year. That just means we get really good pricing in the bond market. Um, you know, we're very competitive. We do all your Gazsby reports, help you out your audit. It's it's extremely transparent and then we have compliance monitoring tools as well. And then we also have a credit research team. Um, we have about 14 people on the desk that look at bonds all day doing credit analysis. We have reporting group compliance. Go to the next page. Um, this is how we get started. So, we have an investment advisory agreement. It's three pages. It's a monthtomonth. We don't lock you into a contract. We just think that we need to hold our end of the bargain and really service, you know, the account and be a really good relationship for
058you there. We set you up with a third party custodian where you hold the funds. You never hold them with the advisor. You hold in the name of the district in a separate custodial account. And then we upload your investment policy that rolls into your alignment. We do your cash flow analysis, give you the economic outlook and give you the recommendation of the strategy. Uh once that's agreed upon, the account is funded and we start investing and then we have quarterly reviews. And then most of my school districts that I work with, we have a board meeting, you know, once a year just like this that I update them on the portfolio, on the economy, and everything else. And then here's our fee structure. So we stamp our fee right on our statement. Um including
059custody, this would be it. So for 0 to 25 million we charge 10 basis points that's 010%. So um a tenth of a percent and that just comes out of the interest income and then we stamp that on the statement and that includes everything that we do. So um the PTIF I think they charge three to five basis points um as well. They just don't post it. So, you know, that is a service. Um, and that PTI would be something that we would give um oversight on, you know, our two cents on it as well. You know, we're also constantly monitoring that and then um helping you with your holistic strategy, how your long-term and your short term coincide with each other and everything else. All right, I'm under seven minutes. Good. Perfect. It's a
060quick overview. Yeah. Anybody have any questions? Any Yeah, a couple questions. So, our target rate of return is what? Oh, yeah. That's a good point. Um, put it on there because we don't there's not an index for some of the securities, right? You know, for us to give you like an accurate target. Um, right now these portfolios are funding as of today about 4.1%. So, conservative. Oh, extremely. At 4.1, that's super conservative. So when you're looking at Utah money manage, there's nothing that you can purchase within it that's going to be aggressive, you know. So it's all fixed income, um there's I think there's six asset classes. You know, the most aggressive that you can get would be buying like a uh a single A minus corporate bond that goes up 15 months. You know,
061it's fixed. So and um I would even say that with government investing, I I would say our firm is even conservative in that light, you know, with the firms that we compete against. So, so over the last few years, what has the returns looked like? Just curious what you really point. Yeah. So, it's it's been interesting because we had the uh back in 2022. Um, you know, we had a situation that we're looking at quite a bit of inflation. I just call it transitory. It wasn't, you know. So, we had 25 rate hikes, right? you know, so actually short-term has done really well over the last two years and actually staying short has actually paid off for the school district. Um, but over time, if you look at long-term versus short term, there's about a
0626% increase in yield by just extending your portfolio, which that um combined yield over time really adds up. So, right now, most of our portfolios are kind of in the low fours. Okay. Um but through time you know over the last 20 years on average they're about 6% higher than just being in the PTI. So you can look at that for every 10 million invested you're looking at about $60,000 a year of additional income you know but then that compounds right. Yeah. So PTI is uh sitting around 3.6% from what I saw. No actually it's at four point I think it's at 4.4 right now. It's doing really well still. Yeah. So the pizza was at 5.4 back in August. You know, had our two cuts in September, another cut in November, another cut in
063December, right? So it's basically been in line with the Fed. You get two more cuts, it'll be at a 3.9. Three cuts, which is kind of what's projected. You know, it's around a 36 or so. So what this strategy does, it kind of locks in that predictable income you can count on. So the market's saying we're going to head to 3.9, 3.6. Yeah, it's it's not a total crystal ball. No, but that's where the projections are showing at this time. Um, but with that being said, taking duration does does win over time, right? Right. You know, so that's what we're really about is that long term. Okay. Any other questions? Okay. Thanks, Ben. Thank you. Appreciate you. Yeah. Thank you. Thank you very much. Thank you so much. If you do have any questions, um,
064just contact me directly and yeah, run them through me and I'll I'll get with Ben and get them answered. So, appreciate Ben. He's he he came what, a year ago, come up in maybe two. I don't It's been a while. And, uh, I'm kind of glad I stayed in the PTIF just because the rates have stayed. But again, we see that downward trend and Yeah, it's been tough. I mean, the 5-year Treasury was at five, you know, 5% October of 23. Yep. So, it's just been like it's basically when do you want to when do you want to jump? And so, that's where we're at right now is that, you know, it looks like it's coming down. Do we want to jump now and keep locked in? And how much do we want to do?
065I know it is. It is. That's why I'm very nervous. So, it's not as bad as that market. It's just, you know, time in the market. Yeah. Yep. Yeah. Thanks, man. Nice to meet you. All right. Um, next on the agenda, can I just have a I got just a couple other things that I wanted to add because this just came up this this week and and I didn't have a chance to put it on the board meeting. I want to show you a couple pictures. No, this from the rec center. This is our rec center roof. That means he's going to ask for more money somehow. And not Well, no. Well, maybe a little, but uh anyway, this is what's happening to the roof underneath that ACU. It is completely eaten through the roofing.
066And um here's another picture. That's the one we're changing out right now. We're changing out right now, but this is was unknown. And so it's going to cost us um right now another 15,000 to to fix this part of it. We got to we got to shear it up cuz if there's any lateral movement, we got to put these bars under the the the slats. Anyway, there's a lot that we have to do still. It's going to cost us about 15 million more. Um or not 15,000. Sorry. 15. This building might cost us 15 million more by the time we're done. But um then the other thing I'm going to do um since you've given me authority, we had planned the roofing project for this specific part to go into next this fiscal year. I'm
067going to move it to this one. Just get it done while we're here. Got it all ripped open. They've got to fix some of this stuff anyway. So I'm going to It's going to cost us about 38,000. So that that'll move from next fiscal years to this fiscal year. I think I've got enough money in in our capital budget uh to cover it. So, this is from the chemicals in the pools. This is this is a lot of that corrosive chemicals and and humidity that that's causing all this rust. Remind me part of the fix. We're going to have like a a some sort of a barrier. Yeah. So, so part of the fix is this new air handler that's going to try to that they say now it's all aluminum now instead of steel
068and so that won't rust as bad and so there's some things they're doing to mitigate some of this stuff. Um in the next phase we will putting be putting barrier on the walls so that hopefully the moisture will be contained and it won't be going through our walls and breaking the brick. Um, so that's And we're swimming in this. Huh? And we're swimming in this. And we're swimming in this. Yep. So, but a lot of it's just moisture. It's just the moisture that's causing it. Oh, it's already Oh, it's already started cuz we're closed for like 3 minutes. We're swimming in it right now. Yeah. Just put a swimsuit on it. Yeah. It'll just eat it off, right? So, no. So, anyway, that just so you know, the um you know, that's you're looking up
069from the bottom to the sky. So, and that's what we found. So, we're we got a little bit more mitigation to do in the rec center, just so you know. It's coming. So, sorry. Nope. That's it. All right. Thanks, Adam. Um, procedural updates. Any questions on the procedures? Nope. All right. Questions on there. Um, and then went and had signed up for public input. Does anybody need a recess? No, let's get through. Let's go through. All right. Um, moving on to action items. School fees for second reading. Any questions on that or comments? If not, I'll entertain a motion. I I had one question like, um, Silver Summit, they're asking for 75 charge their students $75 for their senior dinner. Don't we provide the senior dinners for the We have Yeah. for for the for
070our high school. So, we ought to provide it for them, too. Yeah. Exactly. So, I'm not sure. in the past, but yeah, we should. I'm not sure why they needed bound you some money. Is that a request from Silver Summit? No, no, cuz I It's being paid for and sponsored by a student. So, for next year, it's for next year. This year, you didn't have to pay anything. This year it's sponsored by a student. So, next year you're ask I mean I guess Yeah, I think that's a good call. He probably put it up on up too, but we should um ask him and make sure we cover that. You're right. Yeah, a good call. I think that's that's great. We'll we'll cover that if that's what you want me to do. Yeah, that'd be
071great. Okay. Okay. Any other comments, questions? Good catch. All right. Once in a while, I get lucky. Looking for a motion on that. I move that we approve the school fees for second reading for the South Submit High School, South Submit Middle School, and Silver Summit Academy. We have a motion. Uh second. Second. Have a motion, a second. All in favor? I I. Any opposed? Show that it was unanimous. Thank you. All right, moving on to the consent agenda. Any questions on this front? I was hoping the principal would stick around so she could tell us a little bit about her new basketball coach. She was out of here. She is. I'm sure you got her number, though. I did. Talk to her about it. No, I haven't. All right. Don't get involved. Me neither
072anymore. Um, any other comments, questions? If not, I'll look for a motion. So moved. We have a motion. We're looking for a second. Second. We got a motion in a second. All in favor? I I. All right. Nate. Any opposed? Nate. You're not. You're opposed. Okay. All right. Um, next item on the agenda is the proposed meeting schedule for the upcoming year. Any questions on that? No, wait. Where are you at? Aren't we on C? Yeah. Well, oh, so we didn't The policy was just included. Okay. I thought we had to do the policy separate. That was a second reading. Yeah. Okay. No question. Do you guys have any questions on the meetings? I don't have any questions. the schedule for next year. It worked out really well. I really think the Monday's going to
073be good. I do, too. Yeah. All right. Hearing no questions, I'll entertain a motion. So, what we doing a motion on now? The proposed the agenda the schedule. I got one issue like the first one in June the 14th. I'm I'm gonna this June July. I mean July. Oh, 14th of July. The work the work session. I'm gonna I'm already scheduled to be out of town judging the on the work session. Yeah. That day. So next year. Yeah. Sometimes we take July off and that's really up to the board. So we we'll maybe we'll just cross out that work session. That's fine. And if we need to have one, we could have it the week prior. I would say let's just cancel the work session. If we need to have one, we can create one
074later. Okay. Uh modify that. Uh just change it in your motion. I do have one question. Sure. I think we talked about this before, but the budget in June is the 26th, I believe. So on Thursday on Thursday. Yeah. Yeah. If you if you would because I can't be here on them that Monday. No, that works. I just wanted to make sure I didn't miss it. I was thinking that show up on Monday and I might come in my trek outfit though with my hat before. Oh, nice. I just wanted to make sure it stays. You may not come back. Yeah, I might be dead. Any other questions or comments on the uh schedule? So, I'll move to approve the proposed meeting schedule removing the July 14th work session. We have a motion and uh
075looking for a second. A second. Have a motion, a second. All in favor? I I. Any opposed? None opposed. All right. Um, a couple things uh for board items. Just a reminder that the senior dinner is 5 uh on May 21st to 6. The uh senior classes invited us. If you'd like to Don, will you send us an email to remind us that text message or something? Um, and then high school graduation's on the 22nd at 6 o'clock. Be there by 5:30 with your gowns. With your gowns. And then the Silver Summit graduation is on the 29th at 6:00 p.m. Again, probably 5:30 is early enough. May I ask permission to not be there for that one? And I apologize, but I've got a rodeo. I'm scheduled to do that week. No, absolutely. Okay. What
076you can do? Um the last item on the uh the uh board items is the parades. U we were looking to see the interest to to attend the parades. I am gone the 4th of July. So I'm not available on the 4th, but uh would everybody like to have I won't be on that parade for the 4th either. I can do the 24th if but I was asking I was telling Matt and leadership let's ask and see who wants if we want to still do it. Do we want to do both and just those who can come do it? Yeah. We usually do usually done both and throw candy. Candy. That's about it. Superintendent decorates his trailer, gets buckets of candy, and we throw it out. I'll do it. I like doing it. I I'll
077be there. I'll be in town. All right, let's continue on. We'll plan on that. Um, and um, student boarding student board member items. Do you have anything else, Bo? No, sir. Emily, I'm just really excited to graduate. Yay. Yes, I bet. That is so exciting. Nice. Then the real world hits you. Uh, the world the world's been hitting me since freshman year. Oh, just wait. You wait. The shield's going to be taking off. Everything that's been deflected is going to hit you now. And then uh um you're prepared though. I very much am. On the close session, um there is a need to go into close session to discuss um some negotiation items. I think it's just negotiation items um for next for next year. So, we need a motion. I'll make a motion to
078go into close session. I'll second it. We have a motion in a second. All in favor? We got to do. Oh, yeah. Roll call. I vote Dan. I I Wade. Ty. I I I uh we now moving into close session at 7:04. We can just stay here. I mean, with that got to kick Stephanie out. Yeah, Stephanie and those two. I mean, don't you think it's not It's up to you guys. We can go in there or we can stay here. It's up to you. Let's stay here. Stephanie, hate to see you leave. I'm going to end our live stream. Can you come see me before you leave right now?