[1. Notice and Return]
[00:00:04]
WE HAVE A QUORUM AND THE MEETING HAS BEEN DULY POSTED.
[2. Moment of Silence and Pledge of Allegiance]
WE WILL FOREGO THE MOMENT OF SILENCE AND THE PLEDGE OF ALLEGIANCE, AS WE JUST DID THAT MOMENTS AGO IN THE PREVIOUS MEETING.A QUORUM OF THE BOARD IS PHYSICALLY PRESENT AT THIS LOCATION.
LANCE CURRY. TRUSTEE FOR DISTRICT TWO SARAH WEINBERG, TRUSTEE FOR DISTRICT THREE DAN MICCICHE.
OUR SUPERINTENDENT OF SCHOOLS DR.
STEPHANIE LESLIE JOINS US, AND I AM JOE CARRION, TRUSTEE FOR DISTRICT EIGHT AND BOARD PRESIDENT.
THE MEETING WILL BE AVAILABLE SIMULTANEOUSLY IN SPANISH ON SOCIAL MEDIA THROUGH DALLAS ISD AND ESPANOL, ON FACEBOOK AND THROUGH THE DISTRICT'S WEBSITE [SPANISH]. IN ORDER FOR THE BOARD TO HOLD THIS MEETING IN AN 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 BOARD POLICY PERTAINING TO PUBLIC PARTICIPATION.
IT IS 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 ARE UNSURE OF THE LEGAL EFFECT OF THE REMARKS, THAT 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 THE 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.
TRUSTEES WILL NOW TURN TO AGENDA 2.02 RECOGNITION OF ELECTED OFFICIALS IN THE AUDIENCE.
ARE THERE ANY ELECTED OFFICIALS, PUBLIC OFFICIALS IN THE AUDIENCE? OKAY. SEEING NONE, TRUSTEES WILL TURN TO AGENDA ITEM THREE, CLOSED SESSION.
THE BOARD WILL NOW RETIRE TO CLOSED SESSION FOR THIS FOR THIS PUBLIC HEARING.
SO TRUSTEES WILL NOW TURN TO AGENDA ITEM FOUR.
[5. Discussion of School FIRST Annual Financial Management Report]
I'M SORRY. WE'LL NOW TURN TO AGENDA ITEM FIVE.DISCUSSION OF THE SCHOOL FIRST ANNUAL FINANCIAL MANAGEMENT REPORT, SPECIFICALLY 5.01 THE 2023 2024 SCHOOL FIRST RATING AND REQUIRED DISCLOSURES.
SUPERINTENDENT. THANK YOU VERY MUCH.
AND OUR CHIEF FINANCIAL OFFICER, ED RAMOS, IS GOING TO PROVIDE THE ACTUAL REQUIREMENT.
THIS IS A PUBLIC HEARING, AS IS REQUIRED.
WITH REGARD TO FISCAL MANAGEMENT FOR ALL PUBLIC ISDS.
SO, PRESIDENT CARREON, SUPERINTENDENT ELIZALDE, MEMBERS OF THE BOARD, TONIGHT, WE ARE GOING TO DISCUSS THE 2024-25 SCHOOL FIRST ANNUAL FINANCIAL MANAGEMENT REPORT. THIS REPORT IS AN ANNUAL REPORT THAT TEA PRODUCES.
WE MUST PRESENT A PUBLIC REPORT USING THE DATA THAT TA USED TO DETERMINE OUR FINANCIAL RATING.
IT ALSO ENCOURAGES SCHOOL DISTRICTS TO REALLY USE THEIR FINANCIAL RESOURCES FOR DIRECT INSTRUCTION.
SO THAT IS THE ULTIMATE GOAL OF THIS FIRST RATING.
IT ALSO COMPARES A PRIOR YEAR DATA VERSUS CURRENT YEAR DATA SPECIFICALLY FOR THIS REPORT.
THE TWO 2024 RATING ADDRESSES DATA FROM THE 22-23 SCHOOL YEAR, SO IT IS TWO YEARS BEHIND.
BUT THIS DATA THAT WE WILL BE LOOKING AT WILL BE FROM THE 2223 SCHOOL YEAR.
THERE ARE TWO CHANGES ON THIS REPORT FROM PRIOR YEARS.
INDICATOR FIVE IS BASICALLY A PASS-FAIL INDICATOR AND INDICATOR 21.
YOU SEE THE GRADES THAT TEA ASSIGNS TO THE FINANCIAL RATINGS.
THEY ARE LETTER GRADES BETWEEN A AND F.
YOU ALSO SEE THE POINT RATE RANGES THAT THESE LETTER GRADES NEED FOR YOU TO DETERMINE WHICH LETTER GRADE YOU RECEIVE AS A SCHOOL DISTRICT, AND IT ALSO SUMMARIZES HOW SCHOOL DISTRICTS FARED THROUGHOUT THE STATE, BOTH IN 2024 AND 2023.
[00:05:03]
OF 98.THIS IS THE 13TH CONSECUTIVE YEAR THAT WE HAVE RECEIVED A SUPERIOR ACHIEVEMENT RATING.
SO IN LOOKING AT THE OVERALL INDICATORS, THERE ARE 21 INDICATORS THAT WE WILL GO OVER I WILL TRANSLATE THE ACCOUNTING TERMS INTO LAYMAN'S TERMS. SO IT WILL BE EASIER FOR YOU TO UNDERSTAND WHAT EACH OF THESE INDICATORS MEAN.
WE DID PASS THAT INDICATOR WITH A YES INDICATOR.
NUMBER TWO DID THE AUDIT HAVE A CLEAN OPINION.
WE DID RECEIVE AN UNMODIFIED OPINION.
SO, WE DID HAVE A CLEAN OPINION ON INDICATOR TWO.
INDICATOR THREE DID WE PAY OUR DEBTS ON TIME.
AND SO WE DID PAY OUR DEBTS ON TIME.
INDICATOR FOUR BASICALLY STATES DID WE MAKE TIMELY PAYMENTS TO GOVERNMENT AGENCIES SUCH AS THE IRS TEACHER RETIREMENT SYSTEM, TEXAS WORKFORCE COMMISSION, THE STATE COMPTROLLER.
BASICALLY, DID WE PAY OUR GOVERNMENT INSTITUTIONS THE PAYMENTS THAT WE OWE THEM ON A TIMELY BASIS? AND WE DID. SO THAT WAS A YES.
INDICATOR FIVE BASICALLY ASKS ARE WE FINANCIALLY SOLVENT? DO OUR ASSETS.
ARE THEY MORE THAN OUR LIABILITIES FOR DALLAS ISD? WE DID PASS THAT INDICATOR.
SIX MEASURES YOUR FUND BALANCE.
DID OUR FUND BALANCE DECREASE LESS THAN 25% OVER A THREE YEAR PERIOD, OR IS OUR FUND BALANCE 75 DAYS OR MORE OF OPERATIONS FOR THAT YEAR? WE DID HAVE A HEALTHY FUND BALANCE.
AND SO WE DID PASS THAT INDICATOR.
SO TO REALLY LOOKS AT HOW A DISTRICT'S FUND BALANCE, HOW HEALTHY THAT FUND BALANCE IS.
INDICATOR SEVEN ALSO IS A MEASUREMENT OF FUND BALANCE.
THEY BASICALLY WANT TO MEASURE HOW MANY DAYS OF FUND BALANCE DOES A DISTRICT HAVE IN THEIR SAVINGS.
AND SO IN ORDER TO RECEIVE THE MAXIMUM POINTS TEN POINTS TO LOOK AT.
DOES A DISTRICT HAVE 90 DAYS OF FUND BALANCE IN THEIR RESERVES.
IN THAT YEAR, WE AS A DISTRICT DID HAVE 90 DAYS OF CASH ON HAND.
SO WE DID RECEIVE THE MAXIMUM POINTS TEN POINTS.
INDICATOR EIGHT DID WE HAVE ENOUGH ASSETS TO PAY OFF OUR SHORT TERM DEBT? OUR BILLS. AND SO WE DID HAVE ENOUGH CASH SHORT TERM TO PAY OFF OUR SHORT TERM DEBT.
SO WE DID RECEIVE FULL TEN POINTS.
INDICATOR NINE DID OUR REVENUES EXCEED OUR EXPENDITURES.
OURS DID. AND SO WE DID RECEIVE THE FULL TEN POINTS.
INDICATOR TEN WAS NOT EVALUATED FOR THIS SPECIFIC SCHOOL YEAR.
AND SO WE MOVE ON TO INDICATOR 11.
DID WE AS A DISTRICT HAVE ENOUGH ASSETS.
NOW THIS IS COVERING OUR LONG TERM DEBT.
SO THE EARLIER INDICATOR COVERED SHORT TERM DEBT.
THIS ONE COVERS LONG TERM DEBT.
AND SO WE DID HAVE ENOUGH ASSETS TO COVER ALL OF OUR LONG TERM DEBT.
HOW MUCH FLEXIBILITY DOES DALLAS ISD HAVE TO TAKE ON NEW DEBT BASED ON OUR PROPERTY VALUES? SO IN THE FUTURE, IF WE DECIDE TO ISSUE BONDS, DO WE HAVE THE CAPABILITY TO ISSUE NEW DEBT? AND BASED ON OUR CURRENT DEBT COMPARED TO OUR PROPERTY VALUES, WE RECEIVE THE FULL TEN POINTS FOR THAT INDICATOR.
FOR A DISTRICT THE SIZE OF DALLAS ISD, OUR RATIO IS 0.0855 THROUGH 0.1105.
THAT SCHOOL YEAR WE HAD 0.107, SO WE RECEIVED EIGHT POINTS OUT OF THE TEN POINTS POSSIBLE.
INDICATOR 14 WAS NOT EVALUATED, SO WE MOVE ON TO INDICATOR 15.
THAT ONE WAS ALSO NOT EVALUATED FOR 2024.
INDICATOR 16 BASICALLY MEASURES.
DID WE REPORT TEAM'S DATA ACCURATELY, TOO.
SO ONE OF THE AREAS THAT TO MEASURES IS OUR DATA IS THAT REPORTED TOO ACCURATELY.
AND SO WHEN WE SEND OUR DATA TOO ON THE OCTOBER SNAPSHOT, DURING THE SUMMER SUBMISSION AND THE FINAL DATA THAT WE SEND CLOSING THE YEAR, THEY WANT TO MAKE SURE THAT IT IS ACCURATE DATA THAT WE SEND TO.
SO WE DID PASS THAT INDICATOR.
NUMBER 17 LOOKS AT OUR EXTERNAL AUDIT.
AND THEY LOOK FOR ANY MATERIAL WEAKNESSES IN INTERNAL CONTROLS.
AND ARE WE? WAS OUR AUDIT FREE FROM ANY SUBSTANTIAL DOUBT ABOUT THE ABILITY FOR US TO CONTINUE AS A DISTRICT, WHICH MEANS DID WE HAVE A HEALTHY FUND BALANCE, HEALTHY FINANCES AS A DISTRICT? SO WE DID. AND SO WE DID PASS THAT INDICATOR.
AND THAT YEAR WE HAD NO MATERIAL WEAKNESSES IN OUR EXTERNAL AUDIT INDICATOR.
[00:10:02]
18 MEASURES.AGAIN, LOOKING AT THE EXTERNAL AUDIT, WERE THERE ANY INSTANCES OF MATERIAL ON NONCOMPLIANCE.
SO WHEN WE LOOK AT THE GRANTS THAT WE RECEIVE FEDERAL STATE GRANTS TO WANTS TO MAKE SURE THAT WE ARE FOLLOWING THE RULES AND REGULATIONS, THE LAWS THAT IT TAKES TO OVERSEE ALL GRANTS THAT THE DISTRICT RECEIVES.
SO WE WERE IN COMPLIANCE WITH ALL GRANTS THAT WE RECEIVE AS A SCHOOL DISTRICT.
WE RECEIVED THE FULL TEN POINTS FOR THAT INDICATOR.
INDICATOR 19 DID WE POST ALL REQUIRED POSTINGS ON OUR WEBSITE? SO AS A SCHOOL DISTRICT, WE ARE REQUIRED TO PUBLICLY POST SEVERAL POSTINGS FOR THE PUBLIC TO SEE.
SOME OF THEM INCLUDE BUDGET, OTHERS DEBT INFORMATION.
AND SO WE AS A SCHOOL DISTRICT DID COMPLY WITH ALL THE REQUIRED DEBT POSTINGS FOR THAT SCHOOL YEAR.
WE DID RECEIVE THE FULL FIVE POINTS FOR THAT INDICATOR 20 DID WE AS A DISTRICT DISCUSS OUR BUDGET BOTH LOCAL, FEDERAL AND STATE FUNDS? WITHIN 120 DAYS OF ADOPTING OUR BUDGET.
SO BASICALLY, TO WANTS TO LOOK AT BEFORE THE SCHOOL BOARD ADOPTED OUR BUDGET.
DID WE HAVE PUBLIC DISCUSSIONS ABOUT OUR BUDGET? AND OF COURSE, WE AS A SCHOOL DISTRICT DID.
AND SO WE DID PASS THAT INDICATOR.
AND THEN INDICATOR 21, DID WE RECEIVE AN OVERPAYMENT IN STATE AID AND CONSEQUENTLY ASKED THE STATE TO PAY IT BACK IN A PAYMENT PLAN? SO, WHAT TEA LOOKS AT IS DID TO ACCIDENTALLY OVERPAY THE DISTRICT IN STATE AID.
AND SO IF THAT'S THE CASE, THAT'S NOT A GOOD THING.
AND SO WE DID NOT RECEIVE ANY TYPE OF OVERPAYMENT.
AND SO, WE PASSED THAT INDICATOR.
I WILL SAY IF WE DID RECEIVE AN OVERPAYMENT WE WOULD KNOW ABOUT IT.
WE WOULD BOOK IT AS A LIABILITY AND WE WOULD NOT OVERSPEND IT.
SO, WE WOULD KNOW IT'S COMING.
AND THEN OTHER INFORMATION THAT WE MUST POST PUBLICLY ON OUR WEBSITE INCLUDES OUR ANNUAL FINANCIAL REPORTS, ARE ANNUAL ADOPTED BUDGETS AND THEN OUR CHECK REGISTERS.
THOSE CAN BE FOUND ONLINE IN OUR DALLAS ISD PUBLIC INFORMATION PORTAL FOR OUR PUBLIC TO SEE.
AND THEN OTHER CONTINUED DISCLOSURES THAT WE MUST MAKE AS PART OF THIS REPORT.
WE MUST POST THE SUPERINTENDENT'S CONTRACT THAT IS ALSO AVAILABLE ON OUR WEBSITE AT THAT ADDRESS.
WE ALSO MUST REPORT ANY COMPENSATION OR FEES RECEIVED BY OUR SUPERINTENDENT IN THAT YEAR, WITH REGARDS TO CONSULTING OR OTHER PERSONAL SERVICES. NONE WAS REPORTED BY OR RECEIVED BY OUR SUPERINTENDENT FOR FISCAL YEAR 2023.
WE ALSO MUST REPORT ANY GIFTS RECEIVED FROM DISTRICT VENDORS IN FISCAL YEAR 2023 FROM EITHER TWO BOARD MEMBERS OR OUR SUPERINTENDENT. NO GIFTS WERE RECEIVED BY BOARD MEMBERS OR OUR SUPERINTENDENT FOR FISCAL YEAR YOU'RE 23.
AND THEN WERE THERE ANY BUSINESS TRANSACTIONS BETWEEN BOARD MEMBERS AND THE DISTRICT IN FISCAL YEAR 23? THERE WERE NO BUSINESS TRANSACTIONS BETWEEN OUR BOARD MEMBERS AND THE DISTRICT IN FISCAL YEAR 23.
AND THEN WE MUST ALSO DISCLOSE ANY REIMBURSEMENTS PAID TO AND AMOUNTS PAID ON BEHALF OF OUR BOARD MEMBERS AND SUPERINTENDENT DURING FISCAL YEAR 2023. YOU WILL SEE A SUMMARY OF THOSE AMOUNTS AND THEN REIMBURSEMENTS PAID TO ANY OF OUR BOARD MEMBERS THAT FISCAL YEAR.
YOU WILL SEE A SUMMARY OF THOSE AMOUNTS AS WELL.
AND THAT CONCLUDES THE FIRST FINANCIAL REPORT.
AND I'LL OPEN IT UP TO ANY QUESTIONS.
OKAY. SEEING NONE. IS THERE ANOTHER PRESENTATION? OKAY. TRUSTEES SEEING NO FURTHER DISCUSSION.
AND THIS MEETING IS ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.