[1. Notice and Return]
[00:00:02]
RIGHT. THIS IS A VERY BUSY NIGHT.
WE ACTUALLY HAVE TWO MEETINGS AND THERE ARE THEY ARE BACK TO BACK.
THE FIRST MEETING IS A PUBLIC HEARING MEETING ON THE BUDGET.
AND THAT THAT SHOULD GO MAYBE 15-20 MINUTES AT MOST.
AND THAT'S JUST A GUESS THOUGH.
AND, AND THEN WE WILL HAVE THE REGULAR BOARD MEETING AND AT THE REGULAR BOARD MEETING WHICH WE HOPE WILL START, AS I SAID, 15 OR 20 MINUTES AFTER THIS MEETING THAT WE'RE ABOUT TO DO.
WE WILL ALSO BE HAVING A NUMBER OF RECOGNITIONS.
OUR KIDS ARE AMAZING AND HAVE WON LOTS AND LOTS OF AWARDS.
SO AT THIS POINT IN TIME WE HAVE YES, WE HAVE A QUORUM.
SO I'M GOING TO CALL THE PUBLIC HEARING MEETING TO ORDER.
[2. Moment of Silence and Pledge of Allegiance]
THE TIME IS NOW 6:10 AND WE HAVE A QUORUM.AND THIS MEETING HAS BEEN DULY POSTED.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE. LIBERTY AND JUSTICE FOR ALL.
HONOR THE TEXAS FLAG, I PLEDGE ALLEGIANCE TO THEE, TEXAS, ONE STATE UNDER GOD, ONE AND INDIVISIBLE.
A QUORUM OF THE BOARD IS PHYSICALLY PRESENT AT THIS LOCATION.
SO FOR DISTRICT ONE TRUSTEE FLORES WILL BE LEAVING THE BOARD TONIGHT.
HE WILL BE COMING BACK FOR THE REGULAR BOARD MEETING, BUT HE WILL NOT BE AT THIS MEETING.
DISTRICT TWO SARAH WEINBERG IS PRESENT.
DISTRICT THREE, DAN MICCICHE THAT IS ME.
AND DISTRICT NINE OUR BOARD PRESIDENT, OUTGOING TRUSTEE JUSTIN HENRY.
HE WILL BE BACK FOR THE REGULAR BOARD MEETING.
IN ACKNOWLEDGMENT OF THE MANY, THE MANY THINGS HE HAS DONE TO PROMOTE EQUITY AND JUSTICE.
AND SHE WILL BE JOINING US LATER THIS EVENING.
PAM LEAR, WHO IS THE DEPUTY SUPERINTENDENT, WILL BE SITTING IN DR.
AND AGAIN, I'M DAN MICCICHE, FIRST VICE PRESIDENT, AND I'LL BE CHAIRING THIS MEETING.
TRUSTEE CARREÓN. [SPANISH] ALL RIGHT, LET ME SET OUT THE GROUND RULES.
IN ORDER FOR THE BOARD TO HOLD THIS MEETING IN AN EFFECTIVE MANNER, I WANT IT TO BE KNOWN THAT THIS MEETING WILL BE CONDUCTED IN AN ORDERLY FASHION, AND ASK THE PUBLIC TO ABIDE BY THE RULES OUTLINED IN BOARD POLICY BED LOCAL PERTAINING TO PUBLIC PARTICIPATION.
IT'S A CRIMINAL OFFENSE FOR A PERSON WITH INTENT TO PREVENT OR DISRUPT A LAWFUL MEETING, TO SUBSTANTIALLY OBSTRUCT OR INTERFERE WITH THE ORDINARY CONDUCT OF A MEETING BY PHYSICAL ACTION OR VERBAL UTTERANCE, AND THEREBY CURTAIL THE EXERCISE OF OTHERS 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, DISRUPTIVE, OR FAILS TO ABIDE BY THE RULES OF THIS ASSEMBLY WHILE ADDRESSING THE BOARD OR WHILE ATTENDING THIS MEETING, SHALL BE ASKED TO LEAVE. FAILURE TO LEAVE WHEN REQUESTED TO DO SO MAY RESULT IN THE PERSON BEING ESCORTED FROM THE MEETING AND SUBJECT TO ARREST.
[00:05:05]
I UNDERSTAND THAT TERRY LYNNE, MAYOR OF FARMERS BRANCH, MAY BE IN THE AUDIENCE TONIGHT.[APPLAUSE] THANK YOU FOR COMING, SIR.
AND TRUSTEE FLORES HAS JOINED US ON THE DAIS.
THANK YOU FOR COMING. [APPLAUSE] YOU KNOW, I THOUGHT I SAW A FORMER TRUSTEES RON PRICE AND BERNADETTE.
NOT ALL. I DON'T KNOW IF THEY'RE IN THIS IN THIS ROOM [APPLAUSE].
SEE ANYONE ELSE? OKAY. WE ARE NOW UP TO ITEM THREE OF THE AGENDA CLOSED SESSION.
DO WE HAVE A CLOSED SESSION FOR TONIGHT? OKAY. THANK YOU.
SO AT THIS POINT, LET'S MOVE TO ITEM FOUR, WHICH IS THE PUBLIC FORUM.
YEAH. OUR AGENDA CALLS FOR THE PUBLIC FORUM SEGMENT OF OUR MEETING.
HOWEVER, I'M INFORMED THAT NO ONE HAS SIGNED UP TO SPEAK.
SO WE WILL MOVE TO ITEM FIVE, WHICH IS OUR DISCUSSION ITEM.
[5. Discussion Item]
AND THIS IS THE DISCUSSION OF THE 2024-2025 PROPOSED BUDGET AND PROPOSED TAX RATE.YOU HAVE THE FLOOR. THANK YOU VICE PRESIDENT MICCICHE AND TO ALL TRUSTEES, DR.
AS YOU ALL KNOW, EACH YEAR THE BOARD IS RESPONSIBLE FOR ADOPTING THREE BUDGETS.
SO THE DISCUSSION TONIGHT WILL BE AROUND THOSE THREE BUDGETS.
SO I'LL BEGIN WITH THE REMINDER THAT THE WORK THAT'S BEEN DONE OVER THE LAST SEVERAL MONTHS HAS BEEN ANCHORED IN OUR BELIEFS THAT ALL STUDENTS DESERVE AN EFFECTIVE INSTRUCTION, EQUITABLE ACCESS, AND, OF COURSE, EXCELLENCE.
SO WITH THAT IN MIND, I'M GOING TO START WITH OUR PROPOSED TAX RATES.
SO WE HAVE RECEIVED OUR PRELIMINARY TAXABLE VALUES FROM FROM THE DALLAS COUNTY APPRAISAL DISTRICT.
WE ARE SCHEDULED TO RECEIVE OUR CERTIFIED VALUES IN LATE AUGUST AND AT THAT TIME, WE'LL HAVE ANOTHER HEARING TO ACTUALLY SET THE THE TAX RATE. SO TONIGHT'S DISCUSSION AROUND THE TAX RATE IS THE PROPOSED TAX RATE.
AND OF COURSE, WE'VE DISCUSSED THIS OVER THE LAST SEVERAL MONTHS.
AND THOSE PROPOSED TAX RATES ARE REMAINING UNCHANGED.
WE ARE PROJECTING A TOTAL TAX RATE OF $0.9972, WHICH INCLUDES $0.7552 FOR THE MAINTENANCE AND OPERATIONS TAX RATE AND THE AND $0.2420 FOR THE INTEREST AND SEEKING TAX RATE.
AS IT RELATES TO OUR PROJECTED REVENUE FOR THE UPCOMING SCHOOL YEAR AGAIN, WE ARE PROJECTING TO HAVE JUST OVER 137,000 STUDENTS WITH A TAX COLLECTION RATE OF 99%, AND WE ARE PROJECTING THAT OUR TAXABLE VALUES WILL INCREASE UPWARDS OF 5%.
WE'VE HAD CONVERSATIONS ABOUT WHY THOSE CHANGES ARE TAKING PLACE PREVIOUSLY, SO YOU'LL NOTE HERE OUR PROJECTED REVENUE FOR LOCAL IS GOING DOWN IN COMPARISON TO THE CURRENT YEAR.
AGAIN AS WE THINK ABOUT OUR EXPENDITURES.
THESE ARE THE ASSUMPTIONS THAT HAVE BEEN MADE.
I SHOULD SAY IT'S THE LARGEST PIECE OF OUR BUDGET.
THE CURRENT BUDGET IS JUST OVER $2 BILLION.
BUT THE BUDGET WE ARE PROPOSING THIS EVENING IS ABOUT $1.8 BILLION.
THE BOARD DOES ADOPT THE BUDGET BY FUNCTION.
SO YOU'LL SEE HERE EACH OF THE DIFFERENT PROPOSED AMOUNTS BY FUNCTION.
[00:10:03]
AND ALSO PLEASE NOTE THAT THE TOTAL EXPENDITURES THAT ARE REFLECTED ON THAT BOTTOM LINE INDICATE THAT WE ARE PROJECTING TO HAVE A BUDGET THAT'S 7.5% LESS THAN THE CURRENT BUDGET THAT WE HAVE IN PLACE NOW.PLEASE KEEP IN MIND THAT THERE ARE VARIOUS FACTORS THAT IMPACT OUR BUDGET, THAT BEING ENROLLMENT DECLINE, THAT WE'VE HAD DISCUSSIONS ABOUT THE FACT THAT ESSER IS GOING AWAY AND HOW WE ARE LEVERAGING OTHER FUNDING SOURCES IN ADDITION TO THE GENERAL FUND, TO SUPPORT SOME OF THE DIFFERENT INITIATIVES AND PROGRAMS THAT WE WANT TO SUSTAIN. SO OVERALL, WE'VE PROJECTED THAT WE'RE GOING TO HAVE JUST UNDER $1.7 BILLION IN REVENUE, AND THE PROJECTED BUDGET IS ABOUT $1.8 BILLION, WITH A DEFICIT OF $187 MILLION.
180 JUST OVER $187 MILLION, I SHOULD SAY.
SO, EVEN TAKING THAT INTO CONSIDERATION, IF THE BUDGET IS SPENT AT 100% THAT WOULD MEAN THAT OUR PROJECTED UNASSIGNED FUND BALANCE WOULD DECLINE TO JUST OVER $552 MILLION, AND OUR ASSIGNED FUND BALANCE WOULD DECLINE TO ABOUT $120 MILLION.
THOUGH THOSE DECLINES ARE NOTED THERE, THAT IT'S STILL ABOVE OUR BOARD POLICY, WHICH NOTES THAT WE MUST HAVE AT LEAST 90 DAYS OF UNASSIGNED FUND BALANCE, WHICH IS EQUIVALENT TO ABOUT $500 MILLION.
SO THESE AMOUNTS DO REFLECT THAT WE WOULD BALANCE REQUIREMENT.
AS IT RELATES TO THE FOOD SERVICE BUDGET.
YOU WILL SEE HERE THAT FOR 24-25 WE ARE PROPOSING A BALANCED BUDGET.
FOR 24-25 AS IT RELATES TO DEBT SERVICES, YOU'LL SEE THAT WE ARE PROJECTED TO COLLECT JUST OVER $438 MILLION, AND OUR SCHEDULED PRINCIPAL AND INTEREST PAYMENTS TOTALED JUST OVER $424 MILLION.
SO ANYTIME THERE'S A DIFFERENCE BETWEEN REVENUE AND EXPENDITURES HERE THAT RESULT IN A SURPLUS, WE DO USE THOSE EXTRA FUNDS TO DEFEASE DEBT EARLY OR RETIRE DEBT EARLY SO THAT WE CAN GENERATE SAVINGS IN THE LONG TERM.
THIS BUDGET ALSO INCLUDES OUR COMPENSATION PLAN, WHICH EQUATES TO JUST ABOUT $34 MILLION A ND OF COURSE, WE'VE SHARED THESE FOUR COMPONENTS BEFORE. AND THIS IS JUST, AGAIN, A BREAKDOWN OF THESE DIFFERENT EMPLOYEE GROUPS THAT WE HAVE AND THE PROJECTED COST FOR EACH EMPLOYEE GROUP THAT THAT WILL GENERATE THAT $34 MILLION EXPENSE.
AND THESE ARE THE DIFFERENT EMPLOYEE GROUPS AGAIN AND WHAT THAT 2% RAISE AT THE MIDPOINT AND INCREASING THE HOURLY RATE FROM $16 TO $16.50 W HAT THAT WOULD LOOK LIKE AS IT RELATES TO EMPLOYEES FROM A PERCENTAGE STANDPOINT.
AGAIN, A FURTHER BREAKDOWN YOU'LL SEE THAT WE'VE ALSO PROPOSED TO INCREASE THE ZERO YEAR TEACHER, SO THE STARTING TEACHER PAY WITH ADJUSTMENTS ACROSS THE DIFFERENT BANDS AS WELL.
AT THIS TIME I'LL PAUSE AND ANSWER ANY QUESTIONS.
THANK YOU. WE'LL REFER QUESTIONS TO THE REGULAR BOARD MEETING, SINCE IT IS A SEPARATE ITEM, AND WE HAVE A COUPLE OF HUNDRED STUDENTS OUTSIDE WAITING TO BE RECOGNIZED IN THE REGULAR BOARD MEETING, WHICH WILL IMMEDIATELY FOLLOW THIS.
SO AT THIS TIME, I'LL ADJOURN THE MEETING.
WE WILL RESET AND START THE NEXT MEETING IN ABOUT TWO MINUTES.
THANK YOU.
* This transcript was compiled from uncorrected Closed Captioning.