[00:00:03]
[1. Notice and Return]
WE HAVE A QUORUM AND THIS MEETING HAS BEEN DULY POSTED.SINCE WE JUST DID THE PLEDGE, WE WILL DISPENSE WITH THAT FOR THIS MEETING.
A QUORUM OF THE BOARD IS PHYSICALLY PRESENT AT THIS LOCATION.
TRUSTEE MACKEY, I BELIEVE, IS ONLINE PARTICIPATING BY ZOOM.
TRUSTEE JOYCE FOREMAN AND TRUSTEE JOE CARREON ARE ALSO HERE.
TRUSTEE HENRY, I BELIEVE, MAY BE PARTICIPATING.
AND OUR SUPERINTENDENT OF SCHOOLS, DR.
AND I'M DAN MICCICHE, FIRST VICE PRESIDENT.
THIS MEETING WILL BE AVAILABLE SIMULTANEOUSLY IN SPANISH ON SOCIAL MEDIA THROUGH DALLAS ISD, IN ESPANOL, ON FACEBOOK AND THROUGH THE DISTRICT'S WEBSITE, TRUSTEE CARREÓN. [SPANISH] OKAY, WE'VE RECOGNIZED OUR ELECTED AND PUBLIC OFFICIALS JUST IMMEDIATELY BEFORE THIS MEETING, AND I UNDERSTAND THAT FORMER MAYOR PRO TEM ADAM MEDRANO HAS JOINED US TONIGHT.
TRUSTEE NUTALL TRUSTEE FORMER TRUSTEE.
BERNADETTE NUTALL. THANK YOU FOR COMING [APPLAUSE].
ALL RIGHT. ITEM THREE OF THE AGENDA CALLS FOR A CLOSED SESSION.
HOWEVER, WE HAVE NO NEED FOR CALLED SESSION CLOSED SESSION TONIGHT.
NO ONE SIGNED UP TO SPEAK AT THE PUBLIC FORUM FOR THIS PARTICULAR MEETING.
[5. Discussion of 2023-2024 Proposed Budget and Proposed Tax Rate]
SO WE'LL MOVE TO ITEM FIVE OF THE AGENDA, A DISCUSSION OF THE 20224 PROPOSED BUDGET AND PROPOSED TAX RATE.THANK YOU AGAIN. SO I'D LIKE TO BEGIN BY FIRST SHARING WHERE WE ARE AS IT RELATES TO THE DEVELOPMENT OF THE PROPOSED BUDGET.
AS YOU ALL KNOW, WE ARE REQUIRED TO HAVE A BUDGET IN PLACE PRIOR TO THE START OF THE NEW FISCAL YEAR, WHICH IS JULY 1ST OF EACH YEAR, AND OUR BOARD OF TRUSTEES MUST APPROVE THREE BUDGETS.
THAT'S THE GENERAL OPERATING BUDGET, THE DEBT SERVICES BUDGET AND THE CHILD NUTRITION BUDGET.
AND THOSE ARE THE THREE BUDGETS THAT I'LL GO THROUGH AGAIN AT THIS TIME.
SO WITH THAT BEING SAID, AS A REMINDER OF WHAT THIS BUDGET INCLUDES, OUR PROPOSED TAX RATES, AS YOU KNOW, WE WILL NOT RECEIVE OUR CERTIFIED VALUES UNTIL LATE AUGUST, EARLY SEPTEMBER.
SO AT THIS TIME, THESE ARE THE PROPOSED TAX RATES.
THIS IS BASED ON CURRENT LEGISLATION AS THE FINAL LEGISLATION HAS NOT DETERMINED WHAT THE MAINTENANCE AND OPERATION TAX RATE WILL BE, IF THERE WILL BE ANY CHANGES.
AND THIS INFORMATION HAS BEEN SHARED PREVIOUSLY.
AS YOU ALL KNOW, AGAIN, FROM A REVENUE STANDPOINT, THE ASSUMPTIONS REMAIN UNCHANGED.
AND THIS BUDGET ALSO INCLUDES CHANGES IN RIGHT SIZING AT THE CENTRAL OFFICE LEVEL, AND IT ALSO REFLECTS AN ADJUSTMENT TO OUR ENROLLMENT IN RESPONSE TO OUR ENROLLMENT DECLINE THAT WE HAVE BEEN FACING.
AND I'LL SPEAK MORE TO THAT IN A MOMENT.
JUST FOR A GRAPHICAL REPRESENTATION.
YOU ALL HAVE SEEN THIS BEFORE.
AS YOU CAN SEE, WE CONSIDERED TO BE LOCAL PROPERTY WEALTHY.
SO THIS SLIDE JUST SHOWS YOU HOW MUCH FROM OUR REVENUES THAT WE LOCALLY GENERATE AND RECEIVING JUST ABOUT 10% FROM THE STATE AND A LITTLE BIT MORE THAN 4% OR JUST UNDER 4% FOR THE UPCOMING YEAR IN FEDERAL DOLLARS.
[00:05:01]
IN A TABLE FORM, IF I CAN SAY IT THAT WAY, AS BEEN AS I'VE SHARED BEFORE, THIS IS JUST A BREAKDOWN OF WHAT OUR PROJECTED LOCAL, STATE AND FEDERAL REVENUE AMOUNTS WILL BE FOR THE 23-24 YEAR.BUT YOU ALSO SEE WHAT THOSE TOTALS HAVE BEEN IN PRIOR YEARS AND THE CURRENT YEAR AS WELL.
FROM AN EXPENDITURE STANDPOINT, WE KNOW THAT PAYROLL CONTINUES TO BE THE BULK OF OUR BUDGET.
AND AS MENTIONED BEFORE THE CONTRACTED SERVICES PIECE, THAT 13.3% UP TO THAT 18.5% IS A DIRECT REFLECTION OF THE INCREASED RECAPTURE PAYMENT THAT WE ARE PLANNING FOR.
SO THE SAME INFORMATION IN FUNCTION FORM.
AS YOU ALL KNOW, THE BOARD ADOPTS THE BUDGET BY FUNCTION.
AGAIN, WE ARE PROPOSING, IF YOU LOOK AT THE 23-24 SCHOOL YEAR OR FISCAL YEAR, WE ARE PROPOSING A BUDGET OF THAT $2 BILLION, JUST OVER $2 BILLION THERE, WHICH IS ABOUT A 7% INCREASE FROM THIS CURRENT YEAR'S BUDGET.
ALSO JUST HIGHLIGHTING ONE MORE TIME THAT IF YOU LOOK AT FUNCTION 91 WHERE IT SAYS WADA PURCHASE, THAT IS OUR RECAPTURE PAYMENT WHERE WE ARE FORECASTING THAT IT WILL BE ABOUT $224 MILLION FOR THE UPCOMING SCHOOL YEAR.
AS IT RELATES TO THE FOOD SERVICE FUND AGAIN, YOU SEE HERE THAT FOR THE 23-24 BUDGET, FOR REVENUE PURPOSES, WE ARE PROJECTING OR FORECASTING JUST OVER $116 MILLION AND THE EXPENDITURES ARE LIKEWISE SIMILAR OR JUST THE SAME, $116 MILLION AS WELL.
AND FOR DEBT SERVICES, WE ARE FORECASTING OR PROPOSING A BUDGET OF JUST OVER $411 MILLION AND WITH DEBT PAYMENTS BEING $382 MILLION.
SO WE'LL BE ABLE TO MAKE PAY OFF OR FEES SOME OF OUR DEBT.
IF ALL OF THE PROJECTED REVENUE COMES IN AS ANTICIPATED, WE'LL BE ABLE TO RETIRE DEBT EARLY.
ALSO, AS WE'VE MENTIONED BEFORE, THE PRIORITIES THAT ARE IN PLACE AS IT RELATES TO OUR COMPENSATION, MAKING CERTAIN THAT WE ARE ADVANCING EQUITY AND STAYING COMPETITIVE IN THE MARKET AND MAKING CERTAIN THAT EACH OF THOSE FOUR COMPONENTS NOTED THERE THAT WE'VE SHARED PREVIOUSLY STAY TOP OF MIND.
AND AS YOU CAN SEE, NOTED HERE, THAT'S HOW IT BREAKS DOWN BY EACH EMPLOYEE.
AND OF COURSE, THIS YEAR OR BY EACH EMPLOYEE GROUP, I SHOULD SAY.
AND WE ARE ALSO INCREASING THE MINIMUM WAGE FROM $15 AN HOUR TO $16 AN HOUR.
SO THAT $47 MILLION IS INCLUSIVE OF THAT CHANGE THAT WE ARE PROPOSING.
AGAIN, JUST AN EXAMPLE OF HOW THAT BREAKS DOWN FOR DIFFERENT EMPLOYEE GROUPS.
AND AGAIN, I KNOW WE'VE SHARED THAT BEFORE.
A CONTINUATION OF THAT SAME INFORMATION, TEI IN COMPENSATION AND HOW THAT WOULD LOOK ON AN AVERAGE FOR THE DIFFERENT LEVELS. AND THEN FINALLY, WE ALSO HAVE EXPANDED OUR HPC TEACHER STIPENDS.
AND THIS GRAPH, OF COURSE, SHOWS WHAT THOSE AMOUNTS ARE PROJECTED TO BE.
AND THEN AGAIN, WE ARE UTILIZING ESSER DOLLARS TO AGAIN IMPLEMENT THE RETENTION INCENTIVE.
TRUSTEES THIS IS A SEPARATE ITEM ON THE REGULAR BOARD MEETING THAT IMMEDIATELY FOLLOWS THIS.
SO UNLESS SOMEONE WANTS TO ASK A QUESTION AT THIS POINT, WE WILL GO AHEAD AND ADJOURN THIS MEETING.
DO YOU HAVE MORE? NO, I DON'T.
OKAY. HOWEVER YOU WANT TO PROCEED.
OKAY. YEAH. WE'LL GO AHEAD AND ADJOURN THIS MEETING.
AND WE ARE ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.