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[00:00:05]

GOOD EVENING. IT IS 5:43 P.M..

[1. Notice and Return]

WE HAVE A QUORUM AND THIS MEETING HAS BEEN DULY POSTED.

I WANT TO WELCOME EVERYONE TO THE PUBLIC HEARING OF THE DALLAS INDEPENDENT SCHOOL DISTRICT BOARD OF TRUSTEES, IF YOU WILL WILL YOU PLEASE STAND AND JOIN US FOR A MOMENT OF

[2. Moment of Silence and Pledge of Allegiance]

SILENCE AND REMAIN STANDING FOR THE PLEDGE OF ALLEGIANCE AND A SALUTE TO THE TEXAS FLAG.

A QUORUM OF THE BOARD IS PHYSICALLY PRESENT AT THIS LOCATION.

DISTRICT ONE TRUSTEE EDWIN FLORES.

DISTRICT TWO TRUSTEE TRUSTEE DUSTIN MARSHALL JUST IN THE ROOM.

RETURN DISTRICT THREE TRUSTEE DAN MICCICHE DISTRICT FOUR TRUSTEE CAMILE WHITE.

DISTRICT SIX TRUSTEE JOYCE FOREMAN DISTRICT SEVEN TRUSTEE BEN MACKEY.

DISTRICT EIGHT TRUSTEE JOE CARREÓN, OUR SUPERINTENDENT OF SCHOOLS, DR.

STEPHANIE ELIZALDE JOINS US.

AND I'M JUSTIN HENRY, BOARD PRESIDENT.

THIS MEETING WILL BE AVAILABLE SIMULTANEOUSLY IN SPANISH ON SOCIAL MEDIA THROUGH DALLAS ISD AND ESPANOL, ON FACEBOOK AND THROUGH THE DISTRICT'S WEBSITE, TRUSTEE FLORES.

[SPANISH]. IN ORDER FOR THE BOARD TO HOLD THIS MEETING IN EFFECTIVE MANNER, I WANT TO LET IT BE KNOWN THAT THIS MEETING WILL BE CONDUCTED IN AN ORDERLY FASHION AND ASK THE PUBLIC TO ABIDE BY THE RULES OUTLINED IN THE BOARD.

POLICY BED LOCAL PERTAINING TO PUBLIC PARTICIPATION.

IT IS A CRIMINAL OFFENSE FOR A PERSON WITH INTENT OR INTENT TO PREVENT A DISRUPTIVE, LAWFUL MEETING, SUBSTANTIALLY OBSTRUCT OR INTERFERE WITH THE ORDINARY CONDUCT OF A MEETING BY PHYSICAL ACTION OR VERBAL UTTERANCE, AND THEREBY CURTAIL THE EXERCISE OF OTHER'S FIRST AMENDMENT RIGHTS.

SPEAKERS ARE CAUTIONED THAT WHAT THEY SAY COULD VIOLATE THE RIGHTS OF OTHERS UNDER THE LAW OF DEFAMATION OR INVASION OF PRIVACY.

AND IF THEY'RE UNSURE OF THE LEGAL EFFECT OF THEIR REMARKS, THEY MAY WANT TO SEEK LEGAL ADVICE PRIOR TO THE UTTERANCE.

ANY PERSON WHO BECOMES BOISTEROUS OR DISRUPTIVE WHILE ADDRESSING THE BOARD OR WHILE ATTENDING THIS MEETING SHALL BE ASKED TO LEAVE.

FURTHER LEAVE, WHEN REQUESTED TO DO SO, MAY RESULT IN THE PERSON BEING ESCORTED FROM THE MEETING AND SUBJECT TO ARREST.

ALL RIGHT. WE'RE GOING TO MOVE ON TO OUR PUBLIC FORUM SEGMENT OF THE MEETING.

[INAUDIBLE] WE'RE GOING TO MOVE ON TO THE DISCUSSION SCHOOL FIRST ANNUAL FINANCIAL MANAGEMENT REPORT.

[5. Discussion of School FIRST Annual Financial Management Report]

DR. ELIZALDE, YOU AND YOUR TEAM HAVE THE FLOOR.

THANK YOU, PRESIDENT HENRY.

MEMBERS OF THE BOARD. I'M GOING TO TURN IT OVER TO OUR CHIEF FINANCIAL OFFICER, TAMIKA ALFORD-STEPHENS.

THERE'S A HYPHEN IN THERE.

THANK YOU, DR. ELIZALDE.

GOOD EVENING, PRESIDENT HENRY.

TRUSTEES. TONIGHT, I WOULD LIKE TO SHARE OUR ANNUAL FINANCIAL MANAGEMENT REPORT FOR 2020 -2022.

EACH YEAR, AS YOU ALL KNOW.

CAN I CONTROL OK? I THINK I GOT IT NOW. EACH YEAR, AS YOU ALL KNOW, THERE'S A FINANCIAL MANAGEMENT REPORT THAT WE PRESENT TO YOU ALL TO SHARE THE UPDATES FOR THE YEAR.

AND THE FINANCIAL MANAGEMENT REPORT.

WE ARE RATED THROUGH THE SCHOOL FIRST SYSTEM AND THROUGH THAT RATING SYSTEM.

ALL SCHOOL DISTRICTS IN TEXAS SUBMIT THEIR FINANCIALS, AND THOSE FINANCIALS ARE EVALUATED.

THERE ARE 20 INDICATORS THAT WE ARE RATED ON.

AND I'M GOING I'M GOING TO GO OVER EACH OF THOSE INDICATORS HERE SHORTLY.

BUT JUST SO THAT YOU WILL KNOW, FOR THIS YEAR, THERE HAVE BEEN NO MAJOR CHANGES TO THE RATING SYSTEM IN COMPARISON TO LAST YEAR.

SO FOR THE 2022 YEAR, AS YOU CAN SEE HERE, THERE ARE STILL FOUR DIFFERENT RATINGS THAT A SCHOOL DISTRICT IN TEXAS CAN EARN.

YOU'LL SEE THOSE FOUR RATINGS PRESENTED THERE.

MOST SCHOOL DISTRICTS HERE IN TEXAS EARN AN A, WHICH EQUATES TO A SUPERIOR RATING.

AND JUST AS YOU CAN SEE, THAT'S NOTED ON THE SCREEN LAST YEAR, IN 2021, JUST OVER 84% OF THE SCHOOL DISTRICTS EARNED A SUPERIOR RATING.

AND FOR THIS CURRENT YEAR, JUST OVER 85% OF THE SCHOOL DISTRICTS HAVE EARNED A SUPERIOR RATING.

FOR THIS YEAR, AGAIN, DALLAS ISD HAS EARNED A SUPERIOR RATING, WHICH EQUATES TO AN A.

[00:05:03]

WE HAVE SCORED 96 OUT OF THE POSSIBLE 100 POINTS FOR THIS CURRENT YEAR.

AND AS YOU CAN SEE NOTED THERE, WE'VE MET ALL OF THE CRITICAL AND CEILING INDICATORS AND I'LL GO THROUGH THOSE HERE SHORTLY.

WELL, ACTUALLY NOW.

SO AS YOU CAN SEE HERE FOR INDICATORS ONE THROUGH FOUR, OF COURSE IT'S A PASS OR FAIL.

AND WE MET EACH OF THOSE INDICATORS WITH A PASS.

AND THEN INDICATOR FIVE HAS NOT BEEN SCORED SINCE 2019.

SO NO SCHOOL DISTRICT HAS BEEN SCORED ON THAT PARTICULAR INDICATOR.

BUT YOU'LL SEE HERE, INDICATOR SIX.

AGAIN, WE SUCCESSFULLY MET THE CRITERIA FOR THAT STATED INDICATOR.

AND THEN FOR INDICATORS SEVEN THROUGH TEN, AGAIN, WE EARN THE MAXIMUM POINTS ALLOWABLE FOR EACH OF THOSE INDICATORS.

AND THEN INDICATOR ELEVEN, WE EARNED EIGHT OUT OF THE TEN POINTS.

AND YOU CAN SEE THERE FOR THIS INDICATOR, IT MEASURES THE RATIO OF LONG TERM LIABILITIES TO TOTAL ASSETS.

SO WE WERE AT ABOUT 60.3% FOR THAT INDICATOR.

AND TO EARN THE FULL TEN POINTS, WE HAD TO BE AT 60% OR LESS.

SO WE WERE JUST RIGHT THERE WHERE WE NEEDED TO BE TO EARN THE FULL TEN POINTS.

AND PROJECTING FOR NEXT YEAR AND LOOKING AT THE FINANCIALS AS WE JUST CLOSE THEM OUT WHEN WE ARE SITTING HERE NEXT YEAR TO HAVE THIS DISCUSSION ON OUR FIRST RATINGS, WE SHOULD BE LESS THAN 60%.

AND SO WE SHOULD EARN THE FULL TEN POINTS FOR INDICATOR INDICATOR ELEVEN BASED ON WHAT WE KNOW TO BE TRUE FROM OUR FINANCIALS AT THIS TIME.

AND YOU CAN SEE THERE INDICATOR TWELVE AGAIN, WE MET THE CRITERIA TO EARN THE FULL TEN POINTS.

AND THEN FOR INDICATOR THIRTEEN, THE DISTRICT'S ADMINISTRATIVE COST RATIO, WE EARNED EIGHT OUT OF TEN POINTS THERE.

AND IN FORECASTING AND LOOKING AT THE UPCOMING YEAR, WE'RE PROBABLY GOING TO BE RIGHT AT THAT.

THOSE EIGHT POINTS AGAIN, WE ARE CURRENTLY AT ABOUT NINE AND ONE HALF PERCENT AND TO EARN THE FULL TEN POINTS, WE NEED TO BE LESS THAN 8.5%.

SO AGAIN, JUST SLIGHTLY ABOVE THAT THRESHOLD TO EARN THE FULL TEN POINTS.

INDICATORS FIFTEEN THROUGH SEVENTEEN, WE MET THE CRITERIA AND EARNED THE FULL POINTS ALLOWABLE.

AND AGAIN, FOR INDICATORS EIGHTEEN THROUGH TWENTY, WE MET THE CRITERIA AS STATED THERE.

ALSO INCLUDED IN THIS DECK ARE THE REQUIRED DISCLOSURES FOR REIMBURSEMENTS AND THE PAYMENTS THAT WERE THE DISTRICT MADE BEHALF FOR THE SUPERINTENDENT AND TRUSTEES.

AND WE EMAILED THAT INFORMATION TO YOU ALL AS WELL.

WOULD BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE AT THIS TIME REGARDING OUR FIRST RATINGS FOR THIS YEAR.

TRUSTEES ANY QUESTIONS? TRUSTEE FOREMAN. JUST A COMMENT.

IN THE FUTURE, COULD WE HAVE A HARD COPY OF THAT? SO BECAUSE I HAVEN'T SEEN THIS AND I ALWAYS NEED A HARD COPY TO BE ABLE TO FOLLOW, JUST TO MAKE A PRESENTATION TO ME DOESN'T REALLY HELP ME.

I NEED TO BE ABLE TO LOOK AT IT, TO BE ABLE TO REALLY UNDERSTAND WHAT WE HAVE.

IF YOU DON'T MIND. YES, MA'AM.

AND THOSE DOCUMENTS ARE ALSO ONLINE.

BUT YES, WE CAN PROVIDE. I CAN.

YES, MA'AM. PLEASE.

ABSOLUTELY. ANY OTHER QUESTIONS TRUSTEES? ALL RIGHT. THANK YOU VERY MUCH.

ALL RIGHT. THE TIME IS NOW 5:52 P.M.

AND THIS MEETING IS ADJOURNED.

THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.