ALL RIGHT, WELL, LET'S 07:00, WE'RE GONNA GO AHEAD AND GET STARTED.
[C. Open Session – 7:00 p.m.]
[00:00:04]
IT HAS BEEN DETERMINED THAT A QUORUM IS PRESENT AND THAT THIS MEETING HAS BEEN DULY CALLED AND NOTICE OF THIS MEETING HAS BEEN POSTED IN THE TIME AND MANNER AS REQUIRED BY LAW. THEREFORE, AS VICE PRESIDENT OF THE FRENSHIP BOARD OF TRUSTEES I NOW CALL THIS MEETING OF THE TRUSTEES TO ORDER.I'D LIKE TO WELCOME EVERYBODY FOR COMING OUT TONIGHT ON A CHILLY NIGHT.
AND MR. ROGERS, WOULD YOU GIVE US AN INVOCATION, PLEASE?
[D. Invocation]
WOULD YOU PRAY WITH ME PLEASE? HEAVENLY FATHER, WE THANK YOU FOR THIS DAY.WE THANK YOU FOR THIS TIME THAT WE CAN COME TOGETHER TO DO THE BUSINESS OF THIS DISTRICT AND RECOGNIZE THE STUDENTS AND STAFF.
THAT'S ALWAYS THE BEST PART OF OUR MEETING, LORD, AND WE THANK YOU SO MUCH FOR THESE KIDS AND FOR THE ADMINISTRATORS WHO LOOK AFTER THEM.
FATHER, WE THANK YOU FOR THIS TIME OF YEAR AND PRAY THAT WE REMEMBER ALL YEAR LONG WHY WE'RE HERE AND WHY WE'RE ABLE TO DO WHAT WE DO, FATHER.
WE THANK YOU FOR A MILITARY AND FOR THEM KEEPING US SAFE BOTH HERE AT HOME AND ABROAD.
IT'S IN YOUR HOLY NAME THAT WE DO PRAY, AMEN.
[E. Pledge of Allegiance]
ALLEGIANCE].MS. LIBRE. HAS ENYBODY SIGNED UP TO ADDRESS THE BOARD? NO SIR. ALL RIGHT.
WE'RE GONNA RUN RIGHT INTO OUR FIRST AGENDA ITEM IT'S A RECOGNITION [INAUDIBLE].
[1. National Spanish Spelling Bee Qualifier]
THANK YOU, MR. MILLER. THANK YOU TO OUR SCHOOL BOARD FOR HAVING US HERE TONIGHT.IT'S THE EXCITING PART [INAUDIBLE] WE GET TO RECOGNIZE OUR STUDENTS ON THEI ACHIEVEMENTS, AND WE HAVE A LOT OF STUDENTS BOTH INSIDE AND OUTSIDE THE ROOM TONIGHT.
SO WE'RE MAKING UP FOR NOT HAVING ANY IN NOVEMBER.
SO THE FIRST ONE THAT WE HAVE TONIGHT IS A FOURTH GRADER AT WILLOW BEND ELEMENTARY.
THIS IS ALEJANDRO SAENZ MARTINEZ, AND HE IS HEADED TO THE NATIONAL SPANISH SPELLING BEE COMPETITION THAT WILL BE HELD NEXT JULY.
ALEJANDRO IS ONLY OUR SECOND STUDENT IN FRENSHIP TO QUALIFY FOR THE NATIONAL LEVEL.
AND TONIGHT, WE HAVE SENON CRUZ, WHO IS OUR BILINGUAL AND ESL COORDINATOR HERE AT FRENSHIP TO HELP US RECOGNIZE ALEJANDRO.
SO IF Y'ALL WILL JOIN US UP HERE.
AS YOU KNOW, THIS IS ALEJANDRO MARTINEZ SAENZ.
HE IS OUR FOURTH GRADE DUAL LANGUAGE TIGER AT WILLOW BEND.
HE COMPETED HERE AT THE DISTRICT LEVEL, WENT ON TO REGIONALS, COMPETED THERE AT TEXAS TECH AT THE INTERNATIONAL CULTURAL CENTER, AND THEN HE'S GOING ON TO NATIONALS IN DENVER, COLORADO, IN JULY.
I DON'T THINK HE EVEN REALIZED WHILE HE WAS UP THERE THAT HE WAS LIKE THE ONLY ONE COMPETING AGAIN ANOTHER MIDDLE SCHOOL STUDENTS THERE.
SO NOT ONLY THIRD THROUGH FIFTH GRADE STUDENTS, BUT ALSO MIDDLE SCHOOL STUDENTS.
SO HE BEAT OUT ALMOST EVERY MIDDLE SCHOOL STUDENT THERE.
THESE ARE STUDENTS THAT ARE FROM ACROSS THE DIFFERENT DISTRICTS IN THE AREA, SO WE'RE VERY EXCITED OF WHAT HE DID AND WHAT HE ACCOMPLISHED.
AND WE WANT TO CONGRATULATE HIM WITH THIS CERTIFICATE.
ALEJANDRO WE WANT TO SHAKE YOUR HAND.
ALEJANDRO WAS COACHED BY MR. NUNEZ, WHO IS OUR 5TH GRADE DUAL LANGUAGE TEACHER [INAUDIBLE].
ALEJANDRO BEFORE YOU GO, JUST ON BEHALF OF THE SCHOOL BOARD AND THIS DISTRICT, WE WANT YOU TO KNOW HOW VERY PROUD WE ARE OF YOUR ACCOMPLISHMENTS SO FAR, AND WE KNOW YOU'RE GOING TO DO A GREAT JOB IN DENVER AND YOU'RE GOING TO REPRESENT THIS DISTRICT AND THIS COMMUNITY AND THIS CITY VERY WELL.
SO GOOD LUCK AND CONGRATULATIONS.
OK. NEXT UP, WE HAVE FRENSHIP HIGH SCHOOL VARSITY VOLLEYBALL PLAYERS HERE WITH US TONIGHT
[2. All-State Volleyball]
WHO HAVE BEEN ELECTED TO THE TEXAS HIGH SCHOOL COACHES ASSOCIATION AND TEXAS GIRLS COACHES ASSOCIATION 2019 CLASS 6A ACADEMIC ALL STATE VOLLEYBALL.BUT BEFORE WE INTRODUCE THEM, I WOULD LIKE TO INTRODUCE COACH TREW.
[00:05:04]
AND I WOULD BE REMISS IF I DIDN'T INTRODUCE HER AS THE DISTRICT 2 6A COACH OF THE YEAR AND THE LONE STAR VARSITY COACH OF THE YEAR.SO LET'S GIVE HER [INAUDIBLE]. [APPLAUSE]. THANK YOU.
WE'RE HERE RECOGNIZING THREE OF OUR PLAYERS FROM OUR VARSITY TEAM THIS YEAR.
I WANT TO FIRST RECOGNIZE KAYTON GENENBACHER.
SHE'S IN THE MIDDLE HERE. SHE WAS OUR SETTER AND OUR FLOOR CAPTAIN.
SHE'S BEEN NAMED TO THE TEXAS, THIS IS A LONG TITLE HERE, SHE'S BEEN NAMED THE TEXAS GIRLS COACHES ASSOCIATION 5A/6A RED ALL STAR TEAM AS AN ALTERNATE.
AND SO BASICALLY IN THE WHOLE STATE FOR ALL 5A AND 6A CLASSES, SHE'S BEEN PICKED AND THERE'S ONLY ABOUT FIFTEEN GIRLS THAT GET PICKED FOR THIS TEAM.
AND SO WE'RE REALLY PROUD OF HER AND ALL OF HER EFFORTS.
[APPLAUSE]. KAYTON' ALSO RECENTLY COMMITTED TO LUBBOCK CHRISTIAN TO PLAY VOLLEYBALL IN COLLEGE, AND SHE HAD NUMEROUS AWARDS THIS YEAR.
SHE WAS NAMED TO THE LONE STAR VARSITY AREA ALL SUPER TEAM.
SHE WAS THE OUTSTANDING SETTER IN OUR DISTRICT.
SHE WAS NAMED TO THE FRENSHIP VOLLEYBALL TOURNAMENT TEAM, THE MANSFIELD ALL TOURNAMENT TEAM. SHE EARNED OUR HARDWORKER HAT IN THE PROGRAM NUMEROUS TIMES.
SO SHE WAS A GREAT, GREAT PLAYER AND LEADER FOR US THIS YEAR.
AND WE HAVE EMMA AND AALI, EMMA DAVILA AND AALIYANA MAYFIELD.
THEY WERE [INAUDIBLE] SENIORS THIS YEAR AND ALSO OUR CAPTAINS IN THE LOCKER ROOM AND ON THE BENCH AND FOR THE TEAM.
THEY JUST DID A GREAT JOB LEADING OUR TEAM.
AND WE'RE GOING TO ABSOLUTELY MISS THESE TWO.
THEY WERE AMAZING VOICES AND JUST REALLY KIND OF KEPT EVERYONE GOING IN THE DIRECTION THAT WE NEEDED TO. AND THEY'VE BOTH BEEN NAMED TO THE ACADEMICAL ALL STATE FOR TEXAS HIGH SCHOOL COACHES AND TEXAS GIRLS COACHES.
THE WORK THEY DO ON THE FLOOR REALLY DOESN'T EVEN COMPARE TO WHAT THEY DO IN THE CLASSROOM. EMMA IS FIRST IN HER CLASS AND WE'RE NOT JINXING THAT BECAUSE IN OUR PROGRAM WE SPEAK THINGS INTO EXISTENCE, SO WE'RE REALLY PROUD OF EMMA.
AND AALI IS NOT FAR BEHIND HER EITHER.
AND SO WE'RE REALLY PROUD OF THEIR STUDENT ATHLETE MENTALITY AND THE WAY THAT THEY DEDICATE THEMSELVES. EMMA HAS DECIDED SHE'S GOING TO GO TO THE UNIVERSITY OF TEXAS AND WE'RE OKAY WITH THAT. AALI HAS DECIDED THAT SHE'S GOING TO GO TO TEXAS TECH AND STAY CLOSE TO HOME, SO WE'RE EXCITED FOR BOTH OF THEM AS WELL.
AND IF THERE ARE ANY PARENTS WHO WANT TO TAKE PHOTOS, FEEL FREE TO MIC].
COACH TREW ON BEHALF OF THE SCHOOL BOARD AND THE DISTRICT WE JUST WANNA THANK YOU FOR THE JOB THAT YOU DO FOR US HERE AT FRENSHIP AND FOR THE AWESOME [INAUDIBLE] THAT YOU AND YOUR GIRLS HAD. WE'D LIKE TO CONGRATULATE YOU AND I HOPE Y'ALL HAVE A HAPPY MERRY CHRISTMAS AND A HAPPY NEW YEAR. THANK YOU VERY MUCH.
AND LASTLY, WE HAVE SOME OF OUR TIGER FOOTBALL PLAYERS WHO ARE HERE REPRESENTING THE 2019
[3. All-State Football]
CLASS 6A ACADEMIC ALL STATE FOOTBALL TEAM.AND TONIGHT, WE HAVE THE HEAD COACH, COACH JAY NORTHCUTT WHO'S HERE TO HELP US RECOGNIZE HIS STUDENT ATHLETES. AND I WANTED TO MAKE A QUICK NOTE.
TO QUALIFY AS AN ACADEMIC, ALL STATE ATHLETE.
AND THAT WOULD APPLY FOR VOLLEYBALL AND TO FOOTBALL YOU HAVE TO HAVE AN OVERALL GRADE POINT AVERAGE OF 94 OR ABOVE.
THEY MUST BE A VARSITY PARTICIPANT OF THAT SPORTING GOOD STANDING AND OF GOOD MORAL CHARACTER, SO THAT'S WHAT IS REPRESENTED HERE TONIGHT.
SO, COACH NORTHCUTT? THANK YOU.
BOARD THANK Y'ALL FOR GIVING US THE OPPORTUNITY TO COME AND RECOGNIZE THESE YOUNG MEN AND WOMEN FOR REALLY DOING SOME OUTSTANDING THINGS, BOTH OUT ON THE FIELD AND IN THE CLASSROOM. YOU KNOW, WE ALL KNOW HOW HARD IT IS TO JUGGLE ATHLETICS AND ACADEMICS, AND, YOU KNOW, THESE YOUNG MEN AND WOMEN HAVE NOT JUST JUGGLED IT, THEY'VE DONE AN OUTSTANDING JOB. WE'RE VERY PROUD OF THEM.
YOU KNOW, I REALLY FEEL LIKE ONE OF THE BIGGEST ASSETS OF ALL OF OUR ATHLETIC PROGRAMS IS THE COMMITMENT LEVEL OF OUR KIDS.
AND I THINK THIS JUST REALLY SHOWS, YOU KNOW, HOW COMMITTED THEY ARE TO REALLY EXCELLING IN ALL FACETS OF THEIR LIFE.
WE'RE VERY EXCITED ABOUT WHAT THE FUTURE HOLDS FOR THESE STUDENT ATHLETES.
[00:10:04]
AND WE'LL START WITH MARIAH MOLINA-SERNA.SHE'S ONE OF OUR STUDENT MANAGERS.
[APPLAUSE]. [INAUDIBLE]. YOU WANT TO WAIT 'TIL WE'RE DON? [INAUDIBLE]? YEAH, [INAUDIBLE].
YOU CAN LEAD THE WAY. KELSIE DALTON, SHE'S ONE OF OU STUDENT TRAINERS.
[APPLAUSE]. MARIA BOSWELL, ONE OF OUR STUDENT TRAINERS.
[APPLAUSE]. A BUNCH OF 'EM, THAT'S A GOOD THING.
[LAUGHTER]. DONTE GARLAND. [APPLAUSE].
THANK YOU, MS. [INAUDIBLE]. OUR NEXT AGENDA ITEM IS THE CONSENT AGENDA, AND IF THERE'S
[A. Consent Agenda]
ANYTHING ON THERE THAT ANYBODY WOULD LIKE TO PULL OFF, YOU CAN DO THAT NOW.IF NOT, I WOULD ENTERTAIN A MOTION FOR APPROVAL.
SO MOVED. HAVE A MOTION, DO I HAVE A SECOND? MOTION BY MR. ROGERS, THE SECOND BY MR. ROBINSON. ANY FURTHER DISCUSSION? ALL IN FAVOR, SAY AYE. AYE. OPPOSED SAME SIGN.
ACTION ITEMS, FIRST ACTION ITEM IS A CONSIDERATION TO APPROVE STATE-APPROVED INNOVATIVE
[1. Consideration to Approve State-Approved Innovative Courses at Frenship High School: General Employability Skills, Student Leadership, Forensic Psychology, Leadworthy the Course, and Advanced Floral Design]
COURSES AT FRENSHIP HIGH SCHOOL: GENERAL EMPLOYABILITY SKILLS, STUDENT LEADERSHIP, FORENSIC PSYCHOLOGY, LEADWORTHY THE COURSE, AND ADVANCED FLORAL DESIGN.AND I BELIEVE MS. [INAUDIBLE] IS HERE TO MAKE THAT PRESENTATION.
GOOD EVENING. YES, WITH THE APPROVAL OF THE BOARD, A DISTRICT CAN OFFER WITHOUT MODIFICATION ANY STATE APPROVED INNOVATIVE COURSE.
THREE OF THE COURSES WE ALREADY CURRENTLY OFFER, WHICH IS THE GENERAL EMPLOYABILITY SKILLS FOR OUR LIFE SCHOOL STUDENT, STUDENT LEADERSHIP, AND FORENSIC PSYCHOLOGY.
SO WE'RE CURRENTLY OFFERING THOSE.
WE JUST NEED THEM APPROVED EVERY YEAR AND WE'RE ADDING TWO COURSES, LEADWORTHY THE CAUSE THAT IS THE SECOND LEADERSHIP COURSE, AND THEN ADVANCED FLORAL DESIGN, WHICH IS AFTER OUR PRINCIPLES AND ELEMENTS OF FLORAL DESIGN.
SO THOSE ARE THE TWO NEW ONES THAT WE DON'T CURRENTLY OFFER.
ALSO THESE COURSES GO WITH THE STRATEGIC PLAN GOAL 2.2 WHERE WE'RE EXPANDING OUR COURSE OFFERINGS TO INCLUDE ACCELERATED, ADVANCED, CUSTOMIZED, AND VIRTUAL COURSES.
SO ADMINISTRATION RECOMMENDS THE APPROVAL OF THE FOLLOWING INNOVATIVE COURSES,GGENERAL EMPLOYABILITY SKILLS, STUDENT LEADERSHIP, FORENSIC PSYCHOLOGY, LEADWORTHY THE COURSE, AND ADVANCED FLORAL DESIGN.
I NEED TO ENTERTAIN A MOTION. SO MOVED.
WE HAVE A MOTION. DO I HEAR A SECOND? SECOND. SECOND BY MR. ROGERS.
ANY FURTHER DISCUSSION? ALL IN FAVOR SAY AYE.
THANK YOU MS. [INAUDIBLE]. NEXT ITEM OF BUSINESS IS THE AUDITORS REPORT, MR.
[2. Auditor's Report]
FARLEY. THANK YOU, MR. MILLER, BOARD. APPRECIATE YOUR TIME THIS EVENING.ONE OF THE THINGS THAT, AS YOU KNOW, EACH YEAR TO MAINTAIN OUR FINANCIAL INTEGRITY, WE HAVE A AUDIT PROVIDED BY AN EXTERNAL AUDITOR THAT IS PROVIDED TO US VIA CFC LEGAL.
AND SO IN DOING SO OUR PURPOSE OF THIS, [INAUDIBLE], AS WE ANNUALLY WE'LL
[00:15:08]
HAVE A DISTRICT EXPENSE BY THE TEXAS CERTIFIED PUBLIC ACCOUNTANT, WHICH IN OUR CASE IS EIDE BAILLY.HERE THIS EVENING [INAUDIBLE] EIDE BAILLY IS MR. JEREMY [INAUDIBLE], AND HE WILL PRESENT THE AUDIT REPORT TO US AND PROVIDE ANY OPPORTUNITY FOR ANY QUESTIONS.
AT YOUR PLACE YOU WILL FIND A HARD COPY OF THE AUDIT AVAILABLE FOR REVIEW AND SO AT THIS TIME I WILL TURN IT OVER TO MR. [INAUDIBLE] AND WE WILL ENJOY THE OPPORTUNITY TO LISTEN TO THIS.
[LAUGHTER]. THAT WASN'T A VERY NICE INTRODUCTION. [LAUGHTER]. I'M LOOKING FORWARD TO IT.
[INAUDIBLE]. THAT'S ALL RIGHT. RIGHT.
WELL, AS AS MR. REEVES INDICATED, [INAUDIBLE] WITH EIDE BAILLY.
WE HAVE ONCE AGAIN PERFORMED THE AUDIT OF THE FINANCE [INAUDIBLE] FOR THE DISTRICT FOR THE YEAR ENDED AUGUST 31ST 2019.
I THINK EVERYBODY HAS A COPY. ALSO I HAVE A BRIEF PRESENTATION TO GO THROUGH.
FEEL FREE TO FOLLOW ALONG EITHER IN THE HARDCOPY OR UP ON THE SCREEN.
BEFORE I GET INTO THOUGH I DO JUST WANT TO SAY I THINK WE ALL DID WELL THIS YEAR.
WE DID NOT HAVE ANY ADJUSTING JOURNAL ENTRIES AS A RESULT OF AUDIT PROCEDURES, AND WE ARE NOT REPORTING ANY MATERIAL WEAKNESSES IN INTERNAL CONTROLS OR ANY INSTANCES OF [INAUDIBLE]. OVERALL JUST A GOOD, CLEAN AUDIT.
SO WITH THAT, WE'LL GET STARTED.
OUR REPORT STARTS ON PAGE NUMBER TWO, AND I'VE SUMMARIZED UP ON THE SCREEN THE THREE MAIN POINTS [INAUDIBLE] MAKING.
FIRST BULLET DOES INDICATE [INAUDIBLE] RESPONSIBLE FOR THE PREPARATION OF A FAIR PRESENTATION OF THE FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. ADDITIONALLY, IT INDICATES THAT MANAGEMENT IS RESPONSIBLE FOR THE DESIGN AND IMPLEMENTATION OF INTERNAL CONTROLS.
IT THEN GOES ON TO DESCRIBE OUR RESPONSIBILITY AS AUDITOR, WHICH AS YOUR AUDITOR, OUR RESPONSIBILITY IS TO EXPRESS AN OPINION AS TO WHETHER THESE FINANCIAL STATEMENTS ARE PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPALS.
ADDITIONALLY, IT GOES ON TO DESCRIBE OUR APPROACH TO INTERNAL CONTROLS, WHICH IS THAT WE GAIN AN UNDERSTANDING OF YOUR DISTRICT'S INTERNAL CONTROLS, [INAUDIBLE] DESIGN OR AUDIT PROCEDURES, BUT WE DO NOT TEST THOSE INTERNAL CONTROLS TO AN EXTENT THAT ALLOWS US TO EXPRESS AN OPINION ON. SO WE ARE NOT EXPRESSING AN OPINION ON THE EFFECTIVENESS OF INTERNAL CONTROLS. AND LASTLY, IT IS OUR OPINION WHICH IS FOUND AT THE TOP OF PAGE NUMBER THREE. BASICALLY, IT STATES THAT IN OUR OPINION, THESE FINANCIAL STATEMENTS PRESENT FAIRLY IN ALL MATERIAL RESPECTS [INAUDIBLE] DISTRICT.
THIS IS WHAT IS KNOWN AS AN UNMODIFIED OPINION OR A CLEAN AUDIT REPORT, HIGHEST LEVEL OF ASSURANCE THAT A FIRM CAN PROVIDE THAT A SET OF FINANCIAL STATEMENTS IN PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED FOUNDING PRINCIPLES.
NOW, FOR SOME OF THE BASIC FINANCIAL STATEMENTS, I'LL JUST TOUCH ON SOME OF THE HIGHLIGHTS. THE FIRST STATEMENT IS THE STATEMENT OF NET POSITION, WHICH IS ON PAGE NUMBER 15. AND THIS PARTICULAR STATEMENT PROVIDES A SNAPSHOT OF ALL ASSETS AND LIABILITIES OF THE DISTRICT [INAUDIBLE].
UP ON THE SCREEN I HAVE A VERY CONDENSED VERSION OF THAT BALANCE SHEET, ALONG WITH COMPARATIVE COLUMN FOR AUGUST 31ST OF '18.
YOU'LL SEE AT THE END OF THIS FISCAL YEAR, TOTAL ASSETS WERE ABOUT THREE HUNDRED AND EIGHTEEN MILLION DOLLARS.
THAT'S AN INCREASE OVER LAST YEAR.
LAST YEAR THEY WERE ABOUT 300 [INAUDIBLE]. TOTAL LIABILITIES THIS YEAR IS ABOUT THREE HUNDRED AND SEVEN MILLION. SO IF YOU TAKE YOUR TOTAL ASSETS LESS YOUR TOTAL LIABILITIES YOU GET A TOTAL NET POSITION, WHICH IS [INAUDIBLE] ASSETS EXCEED LIABILITIES OF ABOUT TEN AND A HALF MILLION DOLLARS.
IN COMPARISON TO LAST YEAR THAT'S AN INCREASE OF ABOUT FOUR MILLION DOLLARS.
NOW, INDIVIDUAL ASSET CLASSES AND LIABILITY CLASSES, YOU'RE GOING TO CHANGE A LITTLE BIT YEAR OVER YEAR. REALLY BIG PICTURE, WHAT'S KIND OF DRIVING THAT INCREASE IN THE NET POSITION, THE DISTRICT DID PAY DOWN SOME OF ITS DEBT THIS YEAR, I THINK IT'S ABOUT NINE MILLION DOLLARS OF BONDS THAT WERE PAID DOWN THIS YEAR.
THAT'S REALLY THOSE LIABILITIES DECREASING IS WHAT'S KIND OF DRIVING UP THE THE INCREASE [INAUDIBLE]. THE NEXT STATEMENT THAT I'LL TOUCH ON IS THE BALANCE SHEET OF GOVERNMENTAL FUNDS, WHICH IS ON PAGE 17.
AND AGAIN, THIS STATEMENT PROVIDES A SNAPSHOT OF ASSETS AND LIABILITIES OF THE DISTRICT.
HOWEVER, THIS PARTICULAR STATEMENT IS LITTLE DIFFERENT THAN THE STATEMENT IN THAT POSITION IN THAT THIS PARTICULAR STATEMENT FOCUSES ON THE DISTRICT'S CURRENT ASSETS AND CURRENT LIABILITIES.
SO THERE ARE NO LONG TERM CAPITAL ASSETS ON IT.
THERE'S NO LONG TERM OBLIGATIONS ON THERE, [INAUDIBLE] BONDS PAYABLE OR THE NET PENSION LIABILITY OR OTHER POST-EMPLOYMENT BENEFITS [INAUDIBLE].
THESE ARE THE DISTRICT'S CURRENT OBLIGATIONS AND ITS RESOURCES TO MEET THOSE OBLIGATIONS.
FOR THIS PARTICULAR STATEMENT YOU'LL SEE ON THE HARD COPY OF THE INDIVIDUAL PRESENTATION WITH THE GENERAL FUND, DEBT SERVICE, AND SO FORTH.
AND THEN WE CONSOLIDATE ALL THOSE UP INTO THE COLUMN FOR THE TOTAL GOVERNMENTAL FUNDS.
[00:20:02]
THAT'S THE COLUMN THAT I'VE ADDED TO MY SLIDE UP ON THE SCREEN, AGAIN WITH THE COMPARATIVE COLUMN FROM 2018.THIS PARTICULAR STATEMENT YOU'LL SEE THE TOTAL ASSETS AT YEAR END IS ABOUT 58 AND A HALF MILLION DOLLARS. LAST YEAR THEY WERE ABOUT FIFTY FIVE POINT NINE.
SO TOTAL ASSETS DID INCREASE ABOUT TWO AND A HALF MILLION DOLLARS YEAR OVER YEAR.
YOUR LARGEST ASSET CATEGORY IS YOUR CASH AND INVESTMENTS.
IT'S UP TO ABOUT FORTY POINT SEVEN MILLION DOLLARS THIS YEAR.
AND THEN YOUR NEXT LARGEST ASSET CATEGORY IS THE RESTRICTED ASSETS, AND THAT UP, ACTUALLY DOWN, EXCUSE ME, HAS REDUCED TO ABOUT THIRTEEN POINT SIX MILLION.
THOSE RESTRICTED ASSETS, AGAIN, LARGELY CONSISTENT CASH AND INVESTMENTS.
THOSE ARE JUST CASH INVESTMENTS THAT ARE RESTRICTED EITHER FOR DEBT SERVICE OR FOR CAPITAL PROJECTS. SO THAT'S WHY THEY'RE BROKEN OUT SEPARATELY.
TOTAL LIABILITIES, PRETTY COMPARABLE YEAR OVER YEAR, IT'S ABOUT TEN POINT THREE THIS YEAR. LAST YEAR IT WAS ABOUT NINE POINT SIX.
SO THIS YEAR, IF YOU ADD UP YOUR ASSETS LESS YOUR LIABILITIES, YOUR TOTAL FUND BALANCE AT YEAR END IT'S ABOUT FORTY EIGHT POINT TWO MILLION .
LAST YEAR IT WAS ABOUT FORTY SIX POINT THREE MILLION.
SO TOTAL FUND BALANCE DID INCREASE ALMOST 2 MILLION DOLLARS YEAR OVER YEAR.
NOW, THIS PARTICULAR SLIDE, I HAVE IT HERE TO SHOW THE DIFFERENT ALLOCATIONS OF THAT FUND BALANCE. YOU'LL SEE THAT THE LARGEST CATEGORY IS YOUR UNASSIGNED FUND BALANCE.
IT'S AT ABOUT THIRTY POINT FOUR MILLION.
LAST YEAR IT WAS ABOUT 27 MILLION.
AND THAT'S THE AMOUNT OF THE FUND BALANCE THAT'S AVAILABLE TO THE DISTRICT ON ITS REGULAR OPERATING ACTIVITIES.
ONE MEASURE THAT YOU CAN USE TO GAUGE THE HEALTH OF YOUR UNASSIGNED FUND BALANCE IS TO COMPARE IT TO YOUR AVERAGE MONTHLY EXPENDITURES IN YOUR GENERAL FUND.
TEA GENERALLY RECOMMENDS TO KEEP ABOUT A TWO TO THREE MONTH RESERVE IN YOUR UNASSIGNED FUND BALANCE. I DID THAT CALCULATION BASED ON THE FISCAL YEAR 2019 EXPENDITURES.
I CAME OUT WITH ABOUT 4.6 TIMES YOUR AVERAGE MONTHLY GENERAL FUND EXPENDITURES, SO YOU ARE A LITTLE BIT AHEAD OF WHAT TEA RECOMMENDS [INAUDIBLE].
AS FAR AS THE NEXT STATEMENT, THAT IS THE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE ON PAGE 19.
AGAIN, I'LL SUMMARIZE [INAUDIBLE] SLIDE, TOTAL REVENUES THIS LAST FISCAL YEAR WAS ABOUT ONE HUNDRED AND SIX POINT SEVEN MILLION DOLLARS.
LAST YEAR IT WAS JUST UNDER A HUNDRED MILLION.
SO THERE WAS AN INCREASE YEAR OVER YEAR OF ALMOST 7 MILLION DOLLARS.
IF YOU LOOK AT THE INDIVIDUAL CATEGORIES, YOUR LOCAL, YOUR STATE, YOUR FEDERAL REVENUES, THE INCREASE IS LARGELY IN YOUR LOCAL REVENUES SOURCES.
THEY'RE UP TO ALMOST SIXTY FIVE MILLION DOLLARS THIS YEAR.
LARGELY THAT AMOUNT CONSISTS OF YOUR LOCAL PROPERTY TAXES.
PROPERTY TAX BASE IS INCREASING, WHICH IS INCREASING THE PROPERTY TAX REVENUES.
AND THEN FOR EXPENSES, IT'S ABOUT ONE HUNDRED AND FIVE MILLION THIS YEAR.
IN THE 2018 FISCAL YEAR IS ABOUT ONE HUNDRED AND TWO MILLION, SO THERE IS AN INCREASE YEAR OVER YEAR, ALMOST THREE MILLION DOLLARS.
IF YOU LOOK AT THAT AT A PERCENTAGE WISE, IT IS ABOUT A 2.6 PERCENT INCREASE OVER THE LAST YEAR.
SO ACTUALLY PRETTY COMPARABLE TO LAST YEAR.
IN BOTH YEARS, THE INSTRUCTIONAL EXPENSES ARE THE LARGEST EXPENDITURE CATEGORY.
IT ACCOUNTS FOR ABOUT FORTY EIGHT POINT SEVEN PERCENT OF TOTAL DISTRICT EXPENDITURES IN BOTH YEARS. THAT WAS EVERYTHING I HAVE FOR THE FINANCIAL STATEMENTS.
THERE ARE TWO OTHER REPORTS WE'RE ISSUING IN THE BACK.
THE FIRST STARTS ON PAGE SEVENTY ONE WITH OUR REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING ON COMPLIANCE.
AGAIN, THIS REPORT REITERATES THAT WE'RE NOT EXPRESSING OPINION ON THE [INAUDIBLE] INTERNAL CONTROLS. HOWEVER, IF WE IDENTIFIED ANY MATERIAL WEAKNESSES IN INTERNAL CONTROLS, OR HAVE ANY INSTANCES OF NON-COMPLIANCE, THEY WOULD BE REPORTED TO YOU HERE.
HAPPY TO REPORT THAT THERE WERE NO SUCH ITEMS. AND LASTLY, IS OUR REPORT ON COMPLIANCE, WHICH IS REQUIRED BY THE UNIFORM GUIDANCE AND THAT IS ON PAGE 73.
AND THESE ARE SINGLE AUDIT REPORTS.
AS A PART OF OUR AUDIT WE DO SELECT ONE OF YOUR FEDERAL PROGRAMS AS A MAJOR PROGRAM.
WE LOOKED AT THE DISTRICT'S ADMINISTRATION OF THAT PROGRAM SO THAT WE CAN DETERMINE IF IT'S IN COMPLIANCE WITH THE REQUIREMENTS OF THAT PROGRAM.
THIS PARTICULAR YEAR WE TEST THE TITLE ONE PART A PROGRAM.
AND OUR OPINION FOR THAT PARTICULAR PROGRAM IS AT TOP OF PAGE 74.
BASICALLY IT STATES THAT IN OUR OPINION THE DISTRICT DID COMPLY WITH THE REQUIREMENTS [INAUDIBLE]. SO ONCE AGAIN THIS WAS A CLEAN OPINION ON COMPLIANCE FOR THAT TITLE ONE PART A PROGRAM. SO THAT IS WHAT I HAVE.
LIKE I SAID, OVERALL, IT'S JUST A GOOD YEAR AS FAR AS THE AUDIT WENT.
NO INTERIOR WEAKNESSES OR INTERNAL CONTROL.
NO INSTANCES OF NONCOMPLIANCE.
EVERYTHING WENT WELL ON OUR END.
DO YOU HAVE ANY QUESTIONS FOR ME? ANY QUESTIONS BOARD MEMBERS? MR. [INAUDIBLE] THANK YOU FOR YOUR REPORT.
APPRECIATE IT. THANK YOU VERY MUCH.
[00:25:02]
HAVE A GOOD MEETING. THANK YOU.[INAUDIBLE]. THANK YOU HOW MANY YEARS HAVE YOU BEEN WORKING WITH THE DISTRICT? IT'S BEEN EIGHT [INAUDIBLE]? [INAUDIBLE].
I THINK IT'S BEEN ABOUT 10 YEARS.
THANK YOU. YOU DID MAKE IT EASY TO UNDERSTAND.
WE DO HAVE A GREAT INTERNAL DEPARTMENT,AND WHAT WE DO IN WORKING WITH [INAUDIBLE] ON THAT LONG TERM RELATIONSHIP FROM [INAUDIBLE] DAYS TO EIDE BAILLY HAS BEEN A BENEFIT TO US ALL AND AN EDUCATIONAL OPPORTUNITY FOR US AS WE GO THROUGH THIS.
IT'S BEEN A GREAT PARTNERSHIP AND WE DO APPRECIATE THE CONCISE, VERY WELL PROVIDED REPORT. THANKS VERY MUCH.
[INAUDIBLE]. ANY QUESTIONS? OK. [INAUDIBLE].
ADMINISTRATIVE STAFF RECOMMENDS APPROVAL 2018-'19 FRENSHIP [INAUDIBLE] ANNUAL REPORT FOR THE FISCAL YEAR ENDING AUGUST 31 OF 2019.
I'D ENTERTAIN A MOTION ON MR. FARLEY'S RECOMMENDATION.
SO MOVED. I HAVE A MOTION BY MR. ROBINSON.
SECOND BY MIKELLA. ANY FURTHER DISCUSSIONS? ALL IN FAVOR, SAY AYE. AYE. OPPOSED SAME SIGN.
THANK YOU MR. FARLEY, TO YOU AND YOUR STAFF.
ARE YOU AWARE THAT COURTNEY IS TAKING THE OPPORTUNITY IN PLANO? AND SO I ASKED I HAVE A COUPLE HERE WITH ME TONIGHT.
[INAUDIBLE], SHE IS OUR COORDINATOR OF FINANCES.
AND THEN SERENA WOOD AND BOTH OF THEM ARE [INAUDIBLE] WHAT WE DO.
AND THEY'RE GONNA HELP BRIDGE THE GAP AS WE ARE IN SEARCH OF THE NEXT CANDIDATE FOR REPLACEMENT OF COURTNEY AND A DIRECTOR FINANCE POSITION.
VERY VITAL WHAT WE DO MAKES THE SUCCESS AND THE REPORTS WE GET FROM OUR DEPARTMENT VARY PRETTY WIDELY. SO I WANT TO THANK THEM FOR BEINGIN HERE.
THANK YOU ALL FOR JOINING US TONIGHT.
I KNOW THAT THE CLEAN AUDIT REPRESENTS A LOT OF WORK, A LOT OF PEOPLE.
AND SO THANK YOU ALL FOR ALL YOU DO.
AND I KNOW THE AUDIT ITSELF IS A LOT OF WORK.
THEY DO COME AUDIT, BUT IT'S A LOT OF WORK FOR THE STAFF TO PREPARE FOR THE AUDIT, AND THEN LIKE ENDURE THE AUDIT.
SHE'S THE ONE WHO WORKS MOST DIRECTLY WITH THEM.
OK. OTHER BOARD BUSINESS, ELECTION DEADLINES AND DATES.
[A. May 2, 2020 Election Deadlines and Dates]
MRS. LIBRE. YES, SIR.WE HAVE TWO POSITIONS WHOSE TERM EXPIRES AT THE END OF APRIL.
AND SO WE HAVE A NOTICE TODAY, A DEADLINE TODAY TO POST OUR NOTICE, WHICH WE'VE DONE.
AND THE FIRST DATE OF FILE IS WEDNESDAY, JANUARY 15TH.
WE HAVE TO ORDER A GENERAL ELECTION FOR THOSE TWO PLACES.
DO YOU WANT TO KNOW WHOSE TERM EXPIRE? GREG ROBINSON AND SECRETARY KYLE ROGERS.
SO 2011 AND 2013, IS THAT RIGHT? YES. YES.
[INAUDIBLE]. PARDON ME, SECRETARY ROGERS.
[INAUDIBLE]. [LAUGHTER]. THAT'S RIGHT, DR.
WE NEED TO ORDER OUR GENERAL ELECTION BY FEBRUARY 14TH.
SO IT'S TENTATIVELY ON YOUR AGENDA FOR JANUARY.
THE LAST DAY TO REGISTER TO VOTE IS THURSDAY, APRIL 2ND.
FIRST DAY OF EARLY VOTING IS APRIL 20TH AS WELL IS THE LAST DAY TO APPLY FOR A BALLOT BY MAIL. AND LAST DAY OF EARLY VOTING IS APRIL 28TH.
AND ELECTION DAY IS SATURDAY, MAY 2ND.
DO YOU HAVE ANY QUESTIONS ABOUT ANY OF THESE DATES? ANYBODY HAVE ANY QUESTIONS FOR MRS. LIBRE? GOOD JOB.
OK. APPRECIATE MRS. LIBRE. THERE ARE A LOT OF MOVING PARTS TO ELECTIONS AS WELL.
AND SHE DOES A GREAT JOB STAYING ON TOP OF THAT AND KEEPING US ON THE RIGHT PATH.
[00:30:02]
I HOPE TO SEE BOTH OF YOU ON JANUARY 15TH.[LAUGHTER]. WE'LL BE IN TOUCH. [INAUDIBLE].
THANK YOU, MRS. LIBRE. A TENTATIVE AGENDA FOR UPCOMING MEETINGS, JANUARY 20, 2020.
[B. Tentative Agendas for Upcoming Meetings]
WOW. WORKSHOP AND REGULAR MEETING.YES. YES, MR. MILLER, WE HAVE TENTATIVELY SCHEDULED A BUDGET WORKSHOP FOR PROBABLY 5:00, 5:30. AND THEN OUR REGULAR MEETING IN WHICH WE WILL CALL FOR THE ELECTION OF THE TWO EXPIRING TERMS AND THEN POTENTIALLY A SPECIAL ELECTION FOR A BOND ELECTION THAT'S TENTATIVELY ON THE SCHEDULE FOR JANUARY 20TH.
AND IT'S JUST GOING TO BE A BIG NIGHT.
IT'LL BE GOOD. AND THEN UPCOMING EVENTS, WE HAVE THIS COMING THURSDAY AT 6 P.M.
[C. Upcoming Events]
IN OUR PERFORMING ARTS CENTER, REESE EDUCATION CENTER FALL GRADUATION, AND THAT'S AT 6 P.M. AGAIN AT THE PERFORMING ARTS CENTER.I THINK I'VE VISITED WITH ALL OF YOU AND WE'VE TALKED ABOUT WHO'S GOING TO BE THERE.
ALL RIGHT. SEEING NO FURTHER BUSINESS, THIS MEETING IS ADJOURNED.
THANK YOU ALL FOR BEING HERE. MERRY CHRISTMAS TO EVERYBODY.
MERRY CHRISTMAS.
* This transcript was compiled from uncorrected Closed Captioning.