Sep 16, 2024 Board Meeting

[00:00:01]

>> SO WE'RE GOING TO RECONVENE INTO OPEN SESSION FROM THE WORKSHOP.

[D. Reconvene from Workshop and/or Closed Session -- 7:00 p.m.]

AFTER A BRIEF 20-MINUTE RECESS, WE ARE NOW RECONVENING INTO OPEN SESSION CURRENTLY. CHIEF?

>> YES, SIR.

>> CAN GET YOU TO LEAD US IN THE PLEDGE OF ALLEGIANCE TO THE AMERICAN FLAG?

[F. Pledge of Allegiance]

>> I WILL BE HONORED.

>> NO DRILL, BABY, DRILL. [LAUGHTER]

>>

>> THANK YOU, SIR.

>> THANK YOU, SIR.

[E. Invocation]

>> MR. DENZEL, WOULD YOU MIND LEADING US IN AN INVOCATION, PLEASE SIR?

>> YES. LORD WE JUST COME TO YOU IN HUMILITY, AND THANKS IN ADVANCE FOR GUIDING US AND GIVING US THE WISDOM AND THE PLANNING TO MAKE THIS DISTRICT WHAT IT IS.

WHICH IS THE BEST DISTRICT.

WE JUST THANK YOU FOR BEING WITH US WITH OUR DECISION-MAKING AND JUST ASK YOU TO BLESS US.

IN YOUR NAME, WE PRAY, AMEN.

>> AMEN.

>> MS. LIBRE, DO WE HAVE ANYBODY SIGN UP FOR PUBLIC FORUM?

>> YES, SIR.

>> THANK YOU VERY MUCH. THE NEXT ITEM ON THE AGENDA IS 18, WHICH IS RECOGNITION.

[1.H.1. Advanced Placement Scholars]

>> THANK YOU, MR. DRAPER.

PARENTS, IF YOU WOULD LIKE TO GO IN THE BACK AND TAKE A PICTURE, YOU'RE MORE THAN WELCOME TO GO AHEAD BACK THERE.

THEN WE'LL LET ALL THE KIDS COME IN.

[BACKGROUND].

THEY'RE GOING TO GO ALL THE WAY AROUND THERE, YES.

>> COME ON IN.

>> WE ARE GOING TO HAVE TO BUILD A BIGGER ROOM. [LAUGHTER] [BACKGROUND]

>> WE ARE KICKING OFF OUR FIRST STUDENT RECOGNITION WITH A VERY LARGE GROUP TONIGHT.

WE WOULD LIKE TO CONGRATULATE MORE THAN 120 FRENSHIP HIGH SCHOOL STUDENTS ON THEIR RECENT ADVANCED PLACEMENT SCHOLAR AWARDS.

THIS INCLUDES STUDENTS WHO JUST GRADUATED LAST MAY, CURRENT SENIORS WHO WILL GRADUATE THIS SPRING, AND A FEW JUNIORS WHO TOOK THE TEST AS SOPHOMORES.

NOW, OF THOSE STUDENTS WHO RECEIVED AP SCHOLAR AWARDS, MORE THAN 30 STUDENTS EARNED THE AP SCHOLAR WITH DISTINCTION THAT'S THE HIGHEST AWARD POSSIBLE.

HERE TONIGHT TO HELP RECOGNIZE THESE STUDENTS IS ADVANCED ACADEMICS COORDINATOR, NICHOLAS COPELAND.

>> THANK YOU, DR. MCCORD AND ESTEEMED MEMBERS OF THE BOARD.

ONE OF MY FAVORITE PARTS OF THIS ROLE AS COORDINATOR FOR ADVANCED ACADEMICS IS THIS NIGHT, WHERE WE GET TO RECOGNIZE THIS AMAZING ACCOMPLISHMENT.

TO GIVE YOU CONTEXT OF WHAT THESE YOUNG PEOPLE DID.

THEY ALL TOOK AN AP TEST, WHICH, IF YOU'RE NOT FAMILIAR, THAT'S A YEAR-LONG ASSESSMENT AT A COLLEGE-LEVEL, 3-4 HOUR LONG TEST, AND THEY ACHIEVED A THREE ON THAT.

BUT NOT JUST ON THAT ONE, BUT ON AT LEAST TWO MORE.

EVERY PERSON BEHIND ME HAS GOTTEN THREE OR ABOVE ON AT LEAST THREE AP TESTS.

I THINK THIS ACCOMPLISHMENT IS A TESTAMENT TO THEIR DEDICATION, THEIR HARD WORK, AND THEIR THIRST FOR KNOWLEDGE.

THESE ARE SOME FINE YOUNG PEOPLE.

I'D LIKE YOU TO JOIN ME IN CONGRATULATING THEM.

FIRST, WE HAVE JAZLIN ALMAGER, SAIF BERNSTEIN, RACHEL BURGOS, RYDER DAY, ALTHEA DOCTOLERO, DANIEL DAFF, BRIDGET FISHER, SONYA FAMU, RILEY HOLLOWAY, GRAYSON JENKINS, NATHAN LAYTON, PRESTON LAUDER, RYAN WONG, MATHEW NOEL, BRILEY NORMAN, GRANT SIMMS. LET ME GET OUT OF THE WAY. GARRETT STEWART,

[00:05:02]

>> NICK, WE HAVE ONE MORE THAT JUST CAME IN RIGHT NOW.

>> SORRY. LEAH SINES, I APOLOGIZE, LEAH.

PLEASE LET'S GIVE THE A ROUND [APPLAUSE].

>> PARENTS, WE'LL GET A BIG GROUP PICTURE OUT HERE WHERE WE HAVE MORE ROOM.

>> THANK YOU VERY MUCH.

>> THANK YOU VERY MUCH. [BACKGROUND]

>> COME ON UP HERE. YOUR FAVORITE PLACE IS UP HERE IN THE FRONT. [LAUGHTER] WE'RE READY?

>> WE'RE READY.

>> WE ARE READY. THERE WE GO.

AGENDA ITEM 2A,

[2.A. Efficiency Audit]

DO YOU HAVE SOMEONE YOU WOULD LIKE TO INTRODUCE, MR. REEVES?

>> YES, SIR. I DO. WITH US TONIGHT IS JEREMY STEPHENS.

HE'S WITH EIDE BAILLY, WHICH IS OUR INTERNAL AUDITOR.

BUT AS A RESULT OF OUR DECISION THAT WAS MADE IN AUGUST TO PURSUE THE VOTER-APPROVED TAX RATIFICATION ELECTION, WE PURSUED BACK IN JUNE, YOU AUTHORIZED AN EFFICIENCY AUDIT.

SO TONIGHT, JEREMY'S HERE TO GIVE US THE RESULTS OF THAT EFFICIENCY AUDIT, AND WE'LL GO FROM THERE.

>> HANG ON. ARE YOU DRIVING BACK TONIGHT?

>> I AM.

>> THE QUICKER YOU GO, THE QUICKER YOU GET.

[LAUGHTER] THERE YOU GO.

WELL, THANKS FOR COMING.

[LAUGHTER] I HAVEN'T BEEN HERE MYSELF TO VISIT TO OTHER DISTRICTS, AND I KNOW WHAT THAT'S LIKE.

>> THANK YOU VERY MUCH FOR HAVING ME.

OUR FIRM HAS COMPLETED THE EFFICIENCY AUDIT FOR THE DISTRICT AS OF AUGUST 31ST, 2023.

EFFICIENCY AUDIT WAS CONDUCTED IN ACCORDANCE WITH THE GUIDELINES PROMULGATED BY THE STATE LEGISLATIVE BUDGET BOARD.

I THINK EVERYBODY HAS HAD A COPY OF THE ELECTRONIC VERSION FOR ABOUT A WEEK OR SO.

WE ISSUED THAT REPORT ABOUT A WEEK AGO.

HOPE EVERYBODY HAS AN ELECTRONIC COPY OF THAT.

I'LL HAVE A HARD COPY [INAUDIBLE]. I ALSO HAVE A BRIEF PRESENTATION TO GET INTO.

I'LL START WITH OUR REPORTS ON PAGE NUMBER 1.

JUST A COUPLE OF THINGS ON HERE.

FIRST OF ALL, WE DID CONDUCT THE AUDIT AS PRESCRIBED BY THE STATE OF TEXAS LEGISLATIVE BUDGET BOARD.

THE DISTRICT WAS REQUIRED TO HAVE THIS EFFICIENCY AUDIT BECAUSE IT IS PURSUING A M&O TAX RATE THAT EXCEEDS THE TAX RATE THAT REQUIRES A VOTER APPROVAL,

[00:10:04]

HOUSE BILL 3 REQUIRES THAT WHEN A DISTRICT HAS A M&O TAX RATE THAT EXCEEDS THAT VATRE LEVEL THAT YOU HAVE WHAT'S KNOWN AS THIS EFFICIENCY AUDIT.

THE OTHER ITEM THAT I WANT TO MENTION IS AT THE BOTTOM OF PAGE NUMBER 1.

WHILE IS REFERRED TO AS AN AUDIT, THE PROCEDURES DO NOT CONSTITUTE A AUDIT, A REVIEW, OR EXAMINATION OF THE FINANCIAL STATEMENTS, INTERNAL CONTROLS OF THE DISTRICT, OR ANYTHING OF THAT NATURE.

SO WE'RE NOT EXPRESSING AN OPINION ON THE FINANCIAL STATEMENTS.

WE'RE NOT EXPRESSING AN OPINION ON EFFECTIVENESS OF INTERNAL CONTROLS OR COMPLIANCE.

WE ARE PERFORMING THE PROCEDURES THAT THE STATE OF TEXAS LEGISLATIVE BUDGET BOARD REQUIRES, AND WE'RE REPORTING THE RESULTS OF THOSE PROCEDURES TO YOU.

MOVING PAST THAT, THE REPORT IS LAID OUT IN FIVE SECTIONS.

I'LL JUST COVER THE FIRST TWO REAL QUICK AND THEN THE OTHER THREE I'LL JUST MENTION WHAT THEY ARE.

FIRST SECTION IS THE EXECUTIVE SUMMARY ON PAGE NUMBER 2 THERE.

AGAIN, IT INDICATES WHAT THE EFFICIENCY AUDIT IS FROM THE TEXAS LEGISLATIVE BUDGET BOARD AND WHY THE DISTRICT IS HAVING TO HAVE THAT PROCEDURES PERFORMED BECAUSE OF THE M&O TAX RATE IN ACCORDANCE WITH THAT VATRE LEVEL.

THEN IT DESCRIBES THE SOURCES OF INFORMATION REALLY AT A HIGH LEVEL WHAT CONSTITUTES THE PROCEDURES, IS WE OBTAIN PUBLIC INFORMATION THROUGH TPA, THROUGH PIMS, FINANCIAL DATA, AND SO FORTH.

FOR THE DISTRICTS, AND THEN ALSO FOR A PEER GROUP OF DISTRICTS THAT'S THIS IS OF 10 DISTRICTS THAT ARE SIMILAR TO YOUR DISTRICT.

THEN WE COMPARE YOUR DISTRICT TO THAT PEER GROUP AVERAGE AND STATE AVERAGES.

SOURCES OF THOSE INFORMATION.

AGAIN, LAST FIVE-YEAR HISTORY OF PIMS THEY'VE TESTED THAT PERFORMANCE REPORTS, FIRST RATINGS, AND THE ACCOUNTABILITY RATINGS.

AND THEN SECTION 2 PROVIDES A SUMMARY OF RESULTS, WHICH IS THE KEY INFORMATION THAT WAS GLEANED FROM THE PROCEDURES THAT WERE PERFORMED.

FIRST OF ALL, YOUR M&O TAX RATE FOR '23/'24, THAT'S THE RATE THAT WAS APPROVED AUGUST OF 2023.

YOUR M&O TAX RATE WAS 0.67 PER $100 OF VALUATION FOR THE RESIDENTS.

THE PEER GROUP AVERAGE FOR THAT SAME TAX RATE LAST YEAR WAS 0.7222.

SO THE DISTRICT LAST YEAR HAD A M&O TAX RATE THAT WAS BELOW THE PEER DISTRICT AVERAGE FOR THAT PERIOD TAX RATE.

FOR 24/25, DISTRICT IS PROPOSING A M&O TAX RATE OF 0.77567.

PEER DISTRICT AVERAGE 0.7395 IS IN LINE WITH WHAT THE PEER GROUP IS PROPOSING.

THE CHART AT THE BOTTOM OF PAGE NUMBER 3 ILLUSTRATES WHAT THE POTENTIAL OF THE VATRE WOULD BE IF THE VATRE IS APPROVED VERSUS WHETHER IT'S NOT APPROVED.

YOU'LL SEE AT THAT CHART THERE, AVERAGE RESIDENTS IN THE DISTRICT HAS A TAXABLE VALUE OF $196,000.

THE LEVY ON THAT AVERAGE RESIDENTS WITHOUT THE VATRE BEING APPROVED WILL BE ABOUT $1,326.

IF THE VATRE IS APPROVED, THE AVERAGE M&O TAX LEVY FOR THE AVERAGE HOMESTEAD WOULD BE $1,483.

SO IT WOULD INCREASE IF THE VATRE IS APPROVED OR IS RATIFIED.

IT WOULD INCREASE THE AVERAGE M&O TAX LEVY BY $157 PER HOUSE.

MOVING ON FROM THAT, ACCOUNTABILITY RATING FOR THE DISTRICT WAS AT 92, WHICH IS A A ACCOUNTABILITY RATING.

PEER DISTRICT AVERAGE WAS AN 84.

YOU ARE OUTPERFORMING PEER DISTRICT AVERAGE ON THE ACCOUNTABILITY RATING.

DISTRICT EARNED A SUPERIOR FIRST RATING IN THE 22/23 YEAR.

THEN THAT LAST BULLET POINT THERE IS SOMETHING THAT STANDS OUT ALSO.

DISTRICTS OPERATING EXPENDITURES PER STUDENTS IS LESS THAN BOTH PEER DISTRICT AND STATE AVERAGE.

IN THE MOST RECENT PUBLICLY AVAILABLE INFORMATION, OPERATING EXPENSES PER STUDENT FOR THE DISTRICT WAS THAT $10,212.

YOU'LL SEE PEER DISTRICT AVERAGE WAS 11,200 AND STATE AVERAGE WAS 12,382.

SO THE DISTRICT HAS BEEN HISTORICALLY EXPENDING LESS PER STUDENT.

THAT'S ALSO GOT REFLECTION ABOUT LOWER M&O TAX RATE.

BUT ALSO WHILE YOU'RE SPENDING LESS, YOU ARE OUTPERFORMING OTHER DISTRICTS WITH YOUR HIGHER ACCOUNTABILITY RATING.

THAT'S REALLY THE BULK OF THE AUDIT RESULTS.

THE OTHER SECTIONS, I'M NOT GOING TO TOUCH ON.

SECTION 3 JUST GIVES A DETAIL OF

[00:15:02]

SECTION 4 IS WHERE THE BULK OF THE DATA IS AT.

YOU'LL SEE A LOT OF DIFFERENT CHATS AND TABLES IN THERE WHERE IT SHOWS YOUR DISTRICT'S NUMBER AND THEN COMPARISON TO THE PEER DISTRICT AVERAGE AND THE STATE AVERAGE.

THEN SECTION 5 HAS ADDITIONAL OPERATIONAL INFORMATION IN THE BACK THERE.

LIKE I SAID, WE'RE NOT EXPRESSING AN OPINION ON ANYTHING.

THIS IS PRIMARILY AN EXERCISE OF GATHERING INFORMATION FROM PUBLICLY AVAILABLE SOURCES AND THEN PRESENTING THEM TO YOU SO YOU SEE HOW YOU STACK UP AGAINST PEER DISTRICTS.

THAT WAS WHAT I HAVE. ANY QUESTIONS?

>> GO BACK TO SECTION 2, PLEASE.

>> OKAY.

>> YOU ALL CALCULATED WHAT OUR M&O WOULD INCREASE.

BUT WHY DIDN'T YOU CALCULATE WHAT OUR I&S TAX RATE WOULD DECREASE BY?

>> THAT IS NOT A REQUIREMENT OF THE TEXAS STATE LEGISLATIVE BUDGET BOARD REQUIREMENTS.

THE REQUIREMENT IS TO ONLY SHOW M&O TAX RATE IN COMPARISON TO BILL S AND AVERAGES.

>> WE'RE REQUIRED TO DO THIS AUDIT ONLY ON THE M&O RATE.

IT'S NOT A REQUIREMENT ON THE IMS.

>> YOU COULDN'T PUT THAT IMS INFORMATION IN THERE.

>> THEY DO HAVE ONE SENTENCE AT THE BOTTOM IS THE DISTRICT ALSO PROPOSED AN INTEREST IN SEEKING TAX RATE OF 40.

>> [INAUDIBLE] TAX RATE IS AT THE BOTTOM OF PAGE.

>> IT DOESN'T TELL YOU WHAT THE PREVIOUS ONE WAS OF 0.48? WE DO HAVE THE 40 SENTENCE [INAUDIBLE]

>> BUT FOR WHAT WE ASKED JEREMY TO DO WAS THE EFFICIENCY AUDIT, WHICH IS WHAT THE STATE REQUIRES BEFORE WE CAN HAVE THIS SELECTION.

IT'S NOT TIED AT ALL TO OUR INTEREST IN SINKING.

WE DIDN'T ASK JEREMY TO DO THAT.

WE'RE DOING IT THE ATR AND DON ACTION.

WE'RE GOING TO DECREASE THE INTEREST IN SINKING.

BUT JUST ALSO FOR YOUR INFORMATION, ALL OF THIS INFORMATION, JEREMY SAYS IT'S PUBLICLY AVAILABLE, BUT MORE SPECIFICALLY, THE STATE HAS ALL OF THIS INFORMATION.

WE REPORTED IT ALL TO TEA THROUGH PS OR THROUGH THESE FIRST RATINGS, HOWEVER, THEY REQUIRE THE DISTRICT TO GET AN AUDITOR AND TO PAY AN AUDITOR TO HAVE THIS EFFICIENCY AUDIT, BUT IT'S NOT REALLY AN AUDIT BEFORE WE CAN HAVE AN ACTION.

WHILE I AM NOT SUPER WELL VERSED IN ALL THESE THINGS.

JEREMY, DO YOU REMEMBER WHEN HOUSE BILL 3 PASSED? WAS IT TWO OR THREE LEGISLATIVE SESSIONS AGO?

>> I THINK IT WAS 2019.

>> 2019, AND I KNOW THAT THE PROPOSED LANGUAGE OF THAT BILL IN ITS ORIGINAL FORM WAS IT HAD LANGUAGE IN THERE THAT THE COMMISSIONER OF EDUCATION WHO AT THAT TIME WAS MIKE MORATH WHO IS CURRENTLY MIKE MORATH, THAT WHAT THAT BILL SAID IS THAT HE WOULD DECIDE, AS THE COMMISSIONER, IF WE NEEDED TO HAVE VAT RE OR NOT.

THAT OTHER LEGISLATOR [OVERLAPPING]

>> IN OUR DISTRICT?

>> YEAH. I DON'T KNOW.

THEN SOME LANGUAGE WAS ADDED SAY LEGISLATORS WERE A LITTLE UNCOMFORTABLE WITH AUSTIN DECIDING WHAT LOVE COUNTY FRIENDSHIP WAS DOING.

>> THAT'S A FIRST. [LAUGHTER]

>> AND SO THEN JEREMY IS JUST BASICALLY GETTING TO DO WHAT WE GET TO DO IS WHAT WE'RE TOLD.

>> WE APPRECIATE YOUR EFFORTS.

>> AND WE DID, YES.

>> DO NOT SHOOT THE MESSENGER. [LAUGHTER]

>> NO. NOT AT ALL.

AT FIRST I WAS GOING TO HAVE FARLY PRESENT THIS INFORMATION BECAUSE IT'S REALLY NOT AN AUDIT, BUT YOU HAVE AN AUDITOR DO THE WORK, BUT THEN I THOUGHT THAT THAT MIGHT NOT LOOK GREAT FOR US TO DETERMINE WHETHER OR NOT WE'RE EFFICIENT.

>> ARE YOU AWARE YOU SITTING THERE LISTENING [INAUDIBLE]

>> I DID. [LAUGHTER] IT WAS LAST MINUTE TOO, SO THANK YOU.

[00:20:05]

>> ANY FURTHER QUESTIONS FOR OUR MR. OTTER HERE, MR. JEREMY?

>> THANK YOU [INAUDIBLE].

>> CARL, THAT'S ONE OF THE BETTER PRESENTATIONS YOU'VE DONE [LAUGHTER] I'VE BEEN TAKING NOTES? [OVERLAPPING] I COULDN'T KEEP UP.

>> OKAY. NEXT ITEM ON THE AGENDA BOARD.

[3.A. Consent Agenda]

AND AT THIS TIME, I WAS CONSIDERING MOTIONS, MOTION FOR APPROVAL OF CONSENT AGENDA.

A MOTION OF APPROVAL OF CONSENT AGENDA AS PRESENTED IN THE PACKET, MR. ROSE? YES. YES. ON THE SECOND S ONE MISS CHELSEA? YES, SIR. ANY FURTHER DISCUSSION?

>> I'M TRYING TO. ALL THOSE IN FAVOR SIGNIFY BY SAYING AYE.

A. ANY OPPOSED? MOTION CARRIES. NEXT FACTION,

[3.B.1. Consider an order authorizing the early redemption of a portion of Frenship Independent School District bonds]

D ONE IS TO CONSIDER ORDER AUTHORIZING AN EARLY REDEMPTION OF A PORTION OF FRIENDSHIP INDEPENDENT SCHOOL DISTRICT BONDS.

>> SO WE CAN BE MORE FISHED.

>> WE ARE WORKING ON EFFICIENCY.

AS WE KNOW THE LAST SEVERAL YEARS WE'VE TAKEN OUR APPROACH TO MAKE SURE WE'RE AS RESPONSIBLE FOR THE RESOURCES WERE PROVIDED TO FROM OUR COMMUNITY.

IN DOING SO, WE'VE DONE SEVERAL OPPORTUNITIES TAKING ADVANTAGE OF THE OPPORTUNITIES OF DEFACING AND REFUNDING WHEN POSSIBLE.

THIS YEAR, ONCE AGAIN, WE DO HAVE AN OPPORTUNITY THAT WE CAN AUTHORIZE THE EARLY REDEMPTION OF A PORTION OF THE FRIENDSHIP INDEPENDENT SCHOOL DISTRICT BONDS.

WE'VE BEEN ABLE TO DETERMINE THAT IS NECESSARY AND IN THE BEST INTEREST OF THE DISTRICT TO USE EXCESS INTEREST AND SINKING FUNDS THROUGH OUR TAX COLLECTIONS TO DEFUSE AND REDEEM A PORTION OF OUR OUTSELLING BONDS IDENTIFIED AS THE I'LL JUST LOST MYSELF.

THE SCHOOL DISTRICT UNLIMITED TAX REFUNDING BONDS SERIES 20158.

AND WITH THAT, WE WOULD BE ABLE TO EXERCISE THIS OPTION AND REDEEM A PORTION OF THESE BONDS, THE FIRST AVAILABLE CALL DATE OF FEBRUARY 15 OF 2025.

SO AS WE CONTINUE TO LOOK AT THAT, THIS ORDER ALLOWS A SUPERINTENDENT OR MYSELF, AUTHORIZES US AND DIRECTS US TO ADJUST THE PRINCIPAL AMOUNTS AND MATURITIES OF THOSE BONDS AS DEEMED APPROPRIATE THROUGHOUT THE THROUGHOUT THE [INAUDIBLE] AND REFUNDING PROCESS.

AND THAT IS GENERATED BASED OFF TAX COLLECTIONS AND WHAT IS MOST REASONABLY ADVANTAGEOUS TO THE DISTRICT FOR PREFIX.

SO WERE THOSE REMARKS INCLUDED?

>> ANY QUESTIONS? I HAVE A QUESTION.

YES, SIR. DO YOU HAVE A RECOMMENDATION? I DO HAVE A RECOMMENDATION.

THE ADMINISTRATION THE STAFF RECOMMENDS THAT THE FRIENDSHIP ISC BOARD OF TRUSTEES APPROVE THE ORDER APPROVING THE DISTRICT ORDER AUTHORIZING THE EARLY REDEMPTION OF A PORTION OF THE FRIENDSHIP INDEPENDENT SCHOOL DISTRICT FINDS.

>> IF WE HAVE A RECOMMENDATION BY ADMINISTRATION AT THIS TIME, I'LL ACCEPT ANY MOTIONS.

SO HAVE A MOTION TO APPROVE.

SECOND AFFIDAVIT OR ANOTHER.

A SECOND MR. SHAN VINCENT.

ANY FURTHER DISCUSSION NEEDED? ALL THOSE IN FAVOR SIGNIFY BY SAYING.

A. ANY OPPOSED? MOTION CARRIES. YES.

>> ACT NOT ON ME TOO,

[3.B.2. Consider an order authorizing the issuance of unlimited tax refunding bonds; appointing a pricing officer and delegating to the pricing officer the authority to approve the sale of the bonds; establishing certain parameters for the approval of such matters; levying an annual ad valorem tax for the payment of the bonds; and enacting other provisions relating to the subject]

MR. REF, YOU HAVE THE FLOOR, SIR? YES, SIR.

>> TEXAS GOVERNMENT CODE, CHAPTER 1207 AUTHORIZES THE ISSUE ISSUER TO ISSUE REFUNDING BONDS AND TO DEPOSIT THE PROCEEDS FOR THE SALE.

REFUNDING OF THE REFUNDED OBLIGATIONS IS ADVISABLE AND NECESSARY IN ORDER TO RESTRUCTURE THE DEBT SERVICE REQUIREMENTS OF THE ISSUER.

AND THAT THE DEBT SERVICE REQUIREMENTS ON THE BONDS BE LESS THAN THOSE ON THE REFUNDED OBLIGATIONS, RESULTING IN A REDUCTION IN THE AMOUNT OF PRINCIPAL AND INTEREST, WHICH OTHERWISE WOULD BE PAYABLE.

SO ONCE AGAIN, WE'RE COMING WITH AN OPPORTUNITY.

[00:25:03]

THIS ONE IS A REFUNDING BONDS.

AND THIS ORDER WOULD AUTHORIZE THE ISSUER TO ENTER INTO AN ESCROW AGREEMENT, WHICH WAS SUCH PAYING AGENT FOR THE REFUNDED OBLIGATIONS OR TRUST COMPANY OF A COMMERCIAL BANK WITH RESPECT TO THE SAFE KEEPING INVESTMENTS OF THESE FUNDS.

THE PRICING OFFICER SHALL ESTABLISH AN AMOUNT NOT EXCEEDING THE AMOUNT AUTHORIZED, WHICH IS AN AGGREGATE AMOUNT OF $22,045,000, WOULD NOT EXCEED 4.5%.

WOULD ACHIEVE A MAXIMUM NET PRESENT VALUE DEBT SERVICE SAVINGS, LOOKING AT A SAVINGS OF 3% OVERALL.

AND WOULD ESTABLISH A FINAL MATURITY, NOT LATER THAN FEBRUARY 15 OF 2033.

>> DELEGATION SHALL EXPIRE IF NOT EXERCISED BY THE PRICING OFFICER ON OR PRIOR TO SEPTEMBER 16 OF 2025.

SO WE WOULD HAVE BASICALLY A FOOL YEAR TO AUTHORIZE THIS.

>> THIS WOULD ALLOW FOR SUFFICIENT OR THESE PARAMETERS SHALL BE SUFFICIENT IN AMOUNT TO PROVIDE FOR THE PURPOSES FOR WHICH BONDS ARE AUTHORIZED AND TO PAY COSTS OF ISSUING THESE BONDS.

>> ANY QUESTIONS? DO YOU HAVE A RECOMMENDATION FOR?

>> YES, SIR. ADMINISTRATIVE SALE AGREEMENTS OF THE FRIENDSHIP BY A C BOARD OF TRUSTEE APPROVE THE ORDER APPROVING THE DISTRICT, ORDER AUTHORIZING THE ISSUANCE OF UNLIMITED TAX REFUNDING BONDS, APPOINTING A PROSSING OFFICER AND DELEGATING TO THE CROSSING OFFICER THE AUTHORITY TO APPROVE THE SALE OF THE BONDS, ESTABLISHING CERTAIN GRAMETERS FOR THE APPROVAL OF SUCH MATTERS, LIVING IN ANNUAL AVOR TAX FOR THE PAYMENT OF THE BONDS, AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT.

>> WE HAVE A RECOMMENDATION BY MR. REEVES.

THIS TIME WILL ENTERTAIN ANY MOTIONS INSTEAD OF REPEATING WHAT MR. REEVES YOU CAN BASICALLY JUST SAY THAT YOU MAKE A MOTION TO APPROVE OR DENY WHAT HE JUST EXPLAINED.

I HAVE A MOTION FOR APPROVAL BY MISS JAMIE PHILLIPS.

SECOND I A SECOND BY MR. ANDREW COS. ANY FURTHER DISCUSSION? ALL A FAVOR SIGNIFY SAYING A.

CAN YOU APPOSE SAME SIDE? S KNOWS. STAY WHERE YOU'RE AT, 40? YES, SIR.

>> OKAY. O BOARD OF BUSINESS FOUR A,

[4.A. Report on purchasing cooperative fees paid by Frenship ISD for 2023-2024]

>> THIS IS THE INFORMATION ITEM ONLY.

THE EDUCATION CODE REQUIRES SCHOOL DISTRICTS TO DISCLOSE THE AMOUNT SCALLED ON PURCHASING CO-OPS AND THE FEES ON AN ANNUAL BASIS.

IN YOUR PACKET, YOU HAVE A LIST OF THOSE CO OPS PROVIDED AND THE FEES ARE PROVIDED TO US COOPS.

OKAY. I OPPOSE. ANY QUESTIONS FOR ME?

>> NO, SIR. THANK YOU, SIR.

THANK YOU. I THINK THANK YOU UP, CHAIR.

>> POOR OKAY.

[4.B. Report on enrollment and pre-kindergarten through 4th grade class size exceptions]

>> THE OTHER BOARD BUSINESS AGENDA ITEM B REPORT ON ENROLLMENT, PRE KINDERGARTEN THROUGH FOURTH GRADE CLASS SIZE EXCEPTIONS, MR. RICHARD DEAN.

>> MR. GOR BOARD. IN ACCORDANCE WITH PJ LOCAL, KEEPING YOU INFORMED OF WHAT'S HAPPENING IN THE DISTRICT, WE HAVE A NEW ENROLLMENT RECORD OF 11,754 KIDS TODAY.

WE HAVE 904 STUDENTS AT THE NINTH GRADE CENTER, 2,442 AT FRIENDSHIP HIGH SCHOOL, ANOTHER 104 AT REEVES' FOR NINE THROUGH 12 FOR A TOTAL OF 34 50 IN OUR HIGH SCHOOL.

OUR ELEMENTARY HAS 55 70, AND OUR MIDDLE SCHOOL HAS 27 34.

SOME TRENDS THAT WE SEE.

WE HAVE TEN CLASSES WITH MORE THAN 800 STUDENTS.

LET ME JUST GIVE YOU THE ONES THAT ARE LESS THAN 800.

KINDERGARTEN, FIRST GRADE, AND OUR SENIORS.

AND THEY'RE ALL ABOVE 700.

SO OUR SMALLEST CLASSES, KINDERGARTEN WITH 722, AND OUR SENIORS HAVE 770.

>> AND THEN WE HAVE FOUR CLASSES WITH OVER 900 STUDENTS, THIRD GRADE, SIXTH GRADE, SEVENTH GRADE, AND NINTH GRADE.

AND AGAIN, WE HAVE 11,754 CURRENTLY TODAY.

>> FOR A FUN FACT. OKAY. THAT NOBODY ASKED ABOUT.

BUT SO THE CLASS OF 2025.

HOLD AND PHILLIPS AND DREW COX.

[00:30:03]

AND THEN THEY CONTINUED TO GROW.

>> I MEAN, PHYSICALLY, AND NUMBERS BOTH PRETTY INSIDE BOYS YOU'RE TALKING ABOUT THERE. AND THEN NUMBERS.

>> BUT THEY HAVE BEEN THEY WERE OUTPACED BY ANOTHER GRADE.

SO DO WE HAVE ANY CLASS SIZE WE DON'T DO WAIVERS. OKAY.

>> WE WE DON'T DO EXEMPTIONS, BUT WE HAVE WE WE SNAP OUR CLASSES AT FOR PRE K THROUGH SECOND GRADE AT 22 TO ONE, OUR THIRD GRADE AT 23 TO ONE, AND FOURTH GRADE AT 24 TO ONE, AND IN FIFTH GRADE AT 25 TO ONE.

BUT WE DO HAVE A FEW CLASSES THAT IN OUR THIRD, FOURTH AND FIFTH GRADE, THAT ARE OVER 22 TO ONE.

>> IS YOUR RENOVATION.

>> THANK YOU, SIR. THANKS. NEXT ITEM

[4.C. Tentative Agendas for Upcoming Meetings ]

IF YOU HAVE AN ITEM THAT WOULD LIKE TO BE DISCUSSED OR PUT ON THE AGENDA, WOULD YOU PLEASE GET WITH MISS LIBRE AND DOCTOR MCCORD.

AND THAT WILL GET YOU SQUARED AWAY.

UPCOMING EVENTS, WE HAVE

[4.D. Upcoming Events]

SEPTEMBER 25, 23.

2024. YOU'RE GOING TO GET US ALL SQUARED AWAY, I'M SURE ON THAT ONES DEVAN.

>> THEN THE NEXT ITEM IS WE HAVE THE TAS TAS CONFERENCE SEPTEMBER 27 29TH, 2024 IN SAN ANTONIO, TEXAS.

TO OF YOU THAT ARE TRAVELING FOR THAT, I WISH YOU WELL.

ANY OTHER ITEMS TO BE DISCUSSED THAT HAVE NOT BEEN CURED THIS FAR.

OKAY. [NOISE] THAT STANDING SET MEETINGS ADJOURNED.

THANK YOU. [APPLAUSE]

* This transcript was compiled from uncorrected Closed Captioning.