[00:00:02]
[A. CALL TO ORDER]
2025 SPECIAL BOARD MEETING IS NOW CALLED TO ORDER.THE TIME IS 5:30, AND A QUORUM LOOKS LIKE A QUORUM IS PRESENT.
DOCTOR STENSON, PLEASE CONFIRM THAT THE MEETING WAS DULY CALLED AND
[B. FIRST ORDER OF BUSINESS]
A NOTICE OF THE MEETING WAS POSTED IN ACCORDANCE WITH THE TEXAS OPEN MEETINGS ACT.WE DID POST AND ADVERTISE THE MEETING IN ACCORDANCE WITH THE LAW.
>> THANK YOU. WE WILL NOW CONVENE INTO CLOSED SESSION AS AUTHORIZED BY TEXAS CODE 551,
[C. CLOSED SESSION]
SPECIFICALLY 0.074 PERSONNEL, 0.072 REAL PROPERTY 0.071 CONSULTATION WITH THE BOARD'S ATTORNEY, 0.076 SECURITY.THE TIME IS STILL 530. ARE WE ALL READY?
[D. RECONVENE INTO OPEN SESSION]
THE TIME IS 6:25, AND WE WILL NOW RECONVENE INTO OPEN SESSION.AS NO ONE HAS SIGNED UP TO SPEAK DURING THIS PORTION OF THE MEETING, WE'LL PROCEED TO THE NEXT ITEM ON OUR AGENDA.
[F. BUDGET WORKSHOP]
THAT IS BUDGET WORKSHOP. EXTENSIVE.>> THAT'S RIGHT. TONIGHT, WE HAVE OUR DEMOGRAPHER BOB TEMPLETON HERE TO GIVE A DEMOGRAPHIC REPORT REGARDING NOT ONLY OUR DISTRICT ENROLLMENT TRENDS, BUT ALSO AREA HOUSING AND MARKET TRENDS.
THEN ALSO KATIE BOWMAN WILL GIVE A PRELIMINARY BUDGET REPORT AS WE ANXIOUSLY AWAIT ACTION IN THE CURRENT LEGISLATIVE SESSION.
I'M GOING TO TURN THIS OVER TO KATIE.
>> THERE WE GO. BOB TEMPLETON IS HERE.
I'M GOING TO LET HIM GET STARTED WITH OUR FALL DEMOGRAPHIC.
I GUESS WE'RE A LITTLE BIT OUT OF THE FALL, BUT IT'S THE FALL INFORMATION FOR A DEMOGRAPHIC UPDATE.
>> WELL, THANK YOU. IT'S GREAT TO BE HERE WITH YOU THIS EVENING.
EACH YEAR PRESENTS NEW CHALLENGES.
WE HAVE STARTED THE YEAR WITH OF COURSE A NEW PRESIDENT.
BUT IT'S ALSO CREATED SOME ECONOMIC CLOUDINESS THAT WE WERE HOPEFUL IN THE FALL THAT WE WOULD SEE ADDITIONAL INTEREST RATE DROPS TO HELP HOUSING.
NOW IT LOOKS LIKE THE INTEREST RATES ARE GOING TO STAY UP NEAR THAT 6-7% RANGE.
THERE'S ALSO SOME CONCERNS IN THE HOUSING MARKET STILL ABOUT COST.
BUT TONIGHT, I'M GOING TO TOUCH BIG PICTURE ON HOUSING, AND THEN WE'RE GOING TO DIVE SPECIFICALLY INTO WHAT'S HAPPENING IN BIRDVILLE ISD AND TALK ABOUT THE ENROLLMENT OUTLOOK THAT WE'RE LIKELY GOING TO SEE FOR THE NEXT 10 YEARS.
PICTURE ON THE ECONOMY, YOU CAN SEE THE UNEMPLOYMENT RATES IN THE FALL IN THAT 4% RANGE.
WE'RE VERY FORTUNATE IN THE DALLAS FORT WORTH AREA.
DALLAS FORT WORTH CONTINUES TO BE NUMBER ONE MAJOR CITY IN THE COUNTRY FOR POPULATION GROWTH.
WE'RE BUILDING MORE HOUSES ACROSS THE DFW REGION THAN ANY CITY.
JOB GROWTH IS STILL GOOD, SO WE ARE STILL SEEING STRONG POPULATION GROWTH COMING INTO THE REGION BECAUSE OF THE JOB GROWTH THAT WE'RE SEEING.
BUT THE HOUSING MARKET HAS BEEN A REAL ROLLER COASTER.
THE PURPLE LINE IS THE ANNUALIZED START RATE FOR NEW HOMES ACROSS DFW.
THE TURQUOISE LINE IS THE ANNUALIZED CLOSING NUMBER.
YOU CAN SEE WHEN THE ROLLER COASTER REALLY ACCELERATED IN 2020, THE PANDEMIC CAUSED HOUSING TO REALLY SURGE.
IT PLATEAU WHERE WE WERE BUILDING OVER 54,000 SINGLE FAMILY HOMES A YEAR.
THAT AVERAGE STAYED UP THERE FOR ABOUT A YEAR, AND THEN THE FED STARTED RAISING THE INTEREST RATES, WHICH CAUSED THE DRAMATIC DROP.
THE NICE THING NOW THAT WE'RE SEEING IS OVER THE LAST FOUR QUARTERS, STARTS AND CLOSINGS, THOSE LINES HAVE GOTTEN BACK TOGETHER.
WE ARE STILL SEEING SOME HEALTH IN THAT REGARD BECAUSE WE DON'T HAVE QUITE THE PROBLEM WITH SUPPLY CHAIN ISSUES THAT CAUSE SOME OF THAT BIG GAP IN 2020 AND 2021.
WE'RE STILL BUILDING OVER 47,000 HOMES A YEAR.
WE LOOK AT THE TOTAL HOME SALES BY MONTH, THAT'S EXISTING HOME SALES AND NEW HOME SALES.
YOU CAN SEE IN THE SUMMER, MAY WAS REALLY A GOOD MONTH FOR HOME SALES IN 2024.
BUT AGAIN, WE SAW THAT THE PRICING HAS STILL STAYED UP.
YOU CAN SEE IT HAS NOT SOFTENED AT ALL, AND THAT'S BECAUSE THE DEMAND IS STILL SO STRONG BECAUSE OF THE POPULATION GROWTH.
MEDIAN PRICE UP OVER 400,000 AVERAGE PRICE ABOUT 496,000.
WHEN WE LOOK SPECIFICALLY AT TOTAL HOME CELLS IN BIRDVILLE ISD, IT MATCHES TO A SMALL DEGREE THAT DROP THAT HAPPENED.
YOU CAN SEE 2020 WAS A VERY STRONG YEAR FOR TOTAL HOME CELLS, ABOUT 3,355, AND THEN IT TRAILED OFF.
AVERAGE PRICE FOR A NEW HOME IN BIRDVILLE ISD DID SOFTEN SLIGHTLY.
YOU CAN SEE IN 2023, IT WAS ABOUT 400,000 IN 2024, IT DROPPED TO ABOUT 362,000.
THE EXISTING HOME SALE PRICE ARE STAYING IN ABOUT THAT 330,000 RANGE.
[00:05:03]
THAT'S MAINLY BECAUSE WE JUST DON'T HAVE A LOT OF VOLUME.WE DON'T HAVE A LOT OF SUPPLY OF EXISTING HOMES.
MANY OF THE EXISTING HOME OWNERS TOOK ADVANTAGE OF THE LOW INTEREST RATES BACK IN 2020.
THEREFORE, THEY'VE GOT THAT LOW INTEREST RATE, SO THEY'RE REALLY NOT TO EXCITED TO RELOCATE OR TO MOVE TO A DIFFERENT HOME BECAUSE THE INTEREST RATES NOW ARE SO MUCH HIGHER.
NOW, WE TRACK THE HOUSING DATA FOR ALL THE SCHOOL DISTRICTS.
BIRDVILLE, RIGHT NOW, YOU CAN SEE THE START RATE FOR NEW HOMES IS ABOUT 430, WHICH IS GOOD.
THE CLOSING RATE AT 294, BUT YOU'LL NOTICE THE INVENTORY AT 264.
THOSE ARE HOMES THAT ARE UNDER CONSTRUCTION, AND THEN WE'VE GOT 381 VACANT DEVELOPED LOTS AND ABOUT 317 FUTURES.
WE REALLY ARE RUNNING OUT OF LAND, RUNNING OUT OF SPACE TO WHERE WE'LL SEE SIGNIFICANT HOUSING DEVELOPMENTS.
YOU CAN SEE IN THE FIRST TWO QUARTERS OF '24, WE HAD 176, WHICH THAT'S THE HIGHEST NUMBER THAT WE'VE HAD IN WELL OVER EIGHT YEARS.
VERY STRONG FIRST QUARTER OF '24, 120 HOME STARTS IN THE SECOND QUARTER.
YOU CAN SEE WE'RE FOLLOWING SUIT WITH CLOSINGS.
WE HAD 150 CLOSINGS IN THE SECOND QUARTER.
WHEN YOU SEPARATE IT OUT BY YOUR ATTENDANCE ZONES, IT'S THE STOWE ELEMENTARY ZONE WITH 181 ANNUAL STARTS.
AS YOU CAN SEE WITHIN ABOUT A YEAR, THEY'LL BE DONE.
THEY'VE GOT 134 VACANT DEVELOPED LOTS.
THE SECOND MOST ACTIVE IS THE BINION ELEMENTARY ZONE WITH 137 ANNUALIZED STARTS, THEN CHENEY HILLS WITH 62.
BUT YOU CAN SEE THE TRENDS HERE.
WE'RE RUNNING OUT OF SPACE, RUNNING OUT OF LOTS, AND WITHIN JUST A COUPLE OF YEARS, WE'LL JUST BE LEFT WITH INFILL SMALL SINGLE FAMILY HOME CONSTRUCTION.
HERE'S THE PICTURE OF YOUR ZONE.
THE OUTLINES, THE PURPLE OUTLINES ARE YOUR CURRENT ELEMENTARY ATTENDANCE ZONES.
THE GREEN SHADED AREAS ARE THE AREAS THAT ARE ACTIVE.
YOU CAN SEE THAT LARGER GREEN SHADED AREA IN THE STOWE ZONE.
YOU CAN SEE WE'VE GOT SEVERAL OTHER AREAS IN THE BINION, SNOW HEIGHTS.
WE'VE GOT A FUTURE UP IN GREEN VALLEY.
WE HAVE 14 ACTIVELY BUILDING SUBDIVISIONS, 10 FUTURE SUBDIVISIONS.
WE'VE GOT GROUND WORK UNDERWAY ON ABOUT 52 LOTS, AND WE DELIVERED 52 LOTS IN THE SECOND QUARTER.
I'LL TOUCH ON SOME OF THE HIGHLIGHTS HERE.
THIS IS THE HERITAGE VILLAGE, 410 TOTAL UNITS.
IT IS MIXED OF 160 SINGLE FAMILY HOMES, 250 TOWN HOMES.
THEY HAVE REMAINING 134 VACANT DEVELOPED LOTS, ABOUT 100 HOMES UNDER CONSTRUCTION WITH 23 HOMES AND INVENTORY.
NEXT, WE'RE LOOKING AT DIAMOND PARK ESTATES.
IT'S IN THE MULLENDORE ATTENDANCE ZONE.
IT'S A SMALLER DEVELOPMENT 16 HOMES, TWO HOMES UNDER CONSTRUCTION.THESE ARE PRICED IN THE UPPER 300 TO ABOUT 425.
IT'S QUITE THE INCREDIBLE GRAPH HERE.
YOU CAN SEE THE BLUE BARS REPRESENT THE OCCUPANCY RATES, AND YOU CAN SEE HOW THE OCCUPANCY RATES HAVE DRAMATICALLY DROPPED IN THE LAST THREE YEARS.
WE WERE ABOUT 91.5% AT THE OCCUPANCY RATE AND BACK IN 2022, AND YOU CAN SEE HOW IT'S DRAMATICALLY DROPPED OFF.
THE MAIN REASON IT'S DROPPING SO MUCH IS BECAUSE WE'VE ADDED SO MANY UNITS.
THAT'S THE ANNUALIZED NUMBER OF UNITS BUILT AS OF SEPTEMBER 2024, WHILE WE ONLY ABSORBED 18,083.
YOU CAN SEE WHAT IT'S DOING TO THE RENT RATES.
IT'S DROPPING THE RENT RATES SLIGHTLY.
THEY'VE DROPPED ABOUT TWO TO ALMOST 3%, 38% OF THE APARTMENTS ARE OFFERING CONCESSIONS.
CONCESSIONS ARE DISCOUNTS ON THE FIRST TWO MONTHS OF RENT. THAT'S AN EXAMPLE.
MANY OF THEM ARE OFFERING GROCERY STORE, GIFT CARDS, AND ALL THINGS TO HELP DRAW IN THOSE RENTERS.
BUT THE OCCUPANCY RATES ARE NOT LIKELY GOING TO SURGE UP ANYTIME SOON BECAUSE WE'RE STILL BUILDING SO MANY APARTMENTS ACROSS THE REGION.
NOW, HERE'S THE MULTI FAMILY PICTURE FOR THE DISTRICT.
THE PURPLE SHADED AREA, WHICH IS THE ONE SHADED AREA IN THE BINION ZONE.
THAT'S THE CURRENT ONE THAT YOU HAVE UNDER CONSTRUCTION THAT'S 350 MULTI-FAMILY UNITS.
IT IS FINISHING UP AND IT'S LEASING.
THEN WE'VE GOT AN ADDITIONAL 2,000 MULTI FAMILY UNITS THAT ARE IN THE PLANNING STAGES.
THOSE ARE THE TURQUOISE SHADED AREAS.
YOU CAN SEE WE'VE GOT ONE IN THE SPICER, ONE IN WATAUGA, A COUPLE IN THE SMITHFIELD ZONE, AND ONE DOWN IN THE CHENEY HILLS ELEMENTARY ZONE.
SOME OF THE HIGHLIGHTS ON THE MULTI FAMILY.
JEFFERSON AT BAKER BOULEVARD, 350 MULTI FAMILY UNITS.
[00:10:02]
THE GROUNDWORK IS UNDERWAY.IT'S A FOUR STORY BUILDINGS TO LEASE FEATURE 1-3 BEDROOMS, AND IT DOES HAVE DOG PARKS AND ANOTHER AMENITIES, AND IT'S RIGHT THERE IN THE NORTH PART OF THE CHENEY HILLS ZONE.
NEXT, WE'RE LOOKING AT THE WHEELHOUSE, WHICH IS PROJECTED TO INCLUDE 277 APARTMENTS, 15 TOWN HOMES.
THERE IS SOME COMMERCIAL AS WELL, AND CONSTRUCTION COULD TAKE UP TO 24 MONTHS, THE FIRST RESIDENTS EXPECTED FOURTH QUARTER OF 2026.
NOW WE USE BIRTH RATE DATA TO HELP US WITH THE PROJECTIONS.
THIS TABLE GOES ALL THE WAY BACK TO 2006.
WE TOOK THE BIRTH RATE DATA BY ZIP CODE WITHIN THE DISTRICT, AND BACK IN 2006, WE HAD 1,919 BIRTHS, WHICH THEN WE TRACKED IT TO THE KINDERGARTEN CLASS FIVE YEARS LATER, WHICH HAD A KINDERGARTEN SIZE OF 1,847, THAT GAVE US A RATIO OF 0.96.
THAT'S THE RATIO OF BIRTH TO KINDERGARTEN.
WHAT YOU'LL NOTICE IS ABOUT THE NEXT FIVE YEARS, THAT RATIO WAS STAYING IN THE 90S.
WE ACTUALLY HAD ONE YEAR WHERE IT GOT ABOVE ONE.
BUT THEN BACK IN I GUESS IT WAS 2019, THE 2019 - '20 SCHOOL YEAR, THE 2014 YEAR, THAT'S WHEN THE RATIO DROPPED BELOW 0.9.
THEN YOU CAN SEE IT WAS IN 0.18, 0.80, BOUNCED BACK A LITTLE BIT IN 2022 WHEN IT GOT TO 0.85, AND THEN 0.846 IN THE '23 YEAR, THIS YEAR IT WAS 0.808.
WHY IS IT LESS THAN ONE? THE REASON IT'S LESS THAN ONE, THAT SHARE THAT DOESN'T EQUAL ONE, THAT'S THE NUMBER OF STUDENTS THAT ARE EITHER GOING TO CHARTER SCHOOLS, PRIVATE SCHOOL, HOME SCHOOL.
THAT'S WHAT'S CAUSING THAT SHARE TO DROP.
NOW, THIS IS HAPPENING IN EVERY DISTRICT THAT WE WORK WITH.
THIS IS NOT UNIQUE TO BIRDVILLE.
IT'S JUST THE WAY THAT EDUCATION PATTERNS HAVE CHANGED OVER THE LAST 10-15 YEARS.
>> WELL, NOW THIS YEAR, IT WAS 20% THAT'S EITHER GOING TO CHARTERS, PRIVATES, OR HOME SCHOOL OR TRANSFERRING TO NEIGHBORING DISTRICTS.
>> NON PUBLIC SCHOOL. NON BIRDVILLE.
YES. NOW FOR OUR PROJECTIONS GOING FORWARD, WE USED 0.81.
IT'S JUST A TAD BIT MORE THAN THIS YEAR.
BUT IF YOU LOOK AT YOUR AVERAGE, IT'S LESS THAN YOUR THREE YEAR AVERAGE.
IT IS SLIGHTLY CONSERVATIVE IF WE LOOK AT IT IN THE THREE YEAR AVERAGE, IT'S PRETTY CLOSE TO WHAT YOU DID THIS YEAR.
THIS IS THE LOOK AT YOUR ENROLLMENT HISTORY. YES.
>> CAN I ASK A QUESTION. WHAT'S THE AVERAGE SHARE OF THE MARKET IN OUR AREA?
>> WELL, PROSPER IN NORTHWEST ISD THEY'RE GOING TO BE HIGHER.
>> I HAVEN'T LOOKED AT KELLER IN A COUPLE OF YEARS.
WE HAVEN'T WORKED WITH THEM IN THE LAST TWO YEARS, BUT LIKE HEB WOULD BE VERY COMPARABLE TO THIS.
WE DO WORK WITH HEB, SO I CAN LOOK AT THE HEB NUMBER.
>> THE LAST TIME WE HAD THIS DISCUSSION.
I GUESS IT WAS THIS TIME LAST YEAR WHEN WE TALKED ABOUT BIRTH RATES ACTUALLY FOR KINDERGARTEN CLASSES.
I THINK THE AVERAGE AROUND WAS SOMEWHERE AROUND 79% AND WE WERE SITTING AT RIGHT AT 81%.
I REMEMBER YOU TELLING US THAT THAT WAS GOOD.
>> BUT IT GOES TO SHOW AND WHAT YEAR DID THE CHARTER SCHOOL MOVE INTO THE DISTRICT?
>> EIGHTEEN. THAT MAKES MORE SENSE.
BUT YOU CAN SEE YOU WENT FROM THE 90S DOWN TO THE BELOW 90S AND THIS YEAR IT WAS 0.808.
YOU CAN SEE BACK IN 2021, IT WAS 0.801.
THERE WAS A LITTLE BIT OF A PANDEMIC ISSUE, COVID ISSUE IN THAT YEAR FOLLOWING THAT.
BUT WE USE 0.81 AS THE FORECAST GOING FORWARD.
NOW, THE TOP TABLE IS YOUR ENROLLMENT HISTORY, AND YOU CAN SEE THIS FALL, YOUR ENROLLMENT WAS 22,325, THAT PINK TABLE IN THE MIDDLE.
THAT'S WHAT WE FORECASTED THIS YEAR.
WE FORECASTED THIS YEAR'S ENROLLMENT TO BE AT 22,157, YOU BEAT OUR FORECAST BY 168 STUDENTS. THAT'S GREAT.
I BELIEVE IT WAS BECAUSE OF YOUR ENROLLMENT STRATEGIES,
[00:15:03]
THE WORK THAT YOU DID GARNERED THAT BEATING OUR FORECAST.WE HAD A COUPLE OF DISTRICTS THAT DID THIS.
THEY USE SIMILAR ENROLLMENT STRATEGIES.
THIS IS A NEW ERA FOR HOW WE DEAL WITH ENROLLMENT.
THIS BECOMES NOW, I THINK IS AN EVERY YEAR THING THAT YOU'VE GOT TO JUST KEEP WORKING.
THE OTHER DISTRICT THAT WE SAW THAT DID THIS REALLY WELL THIS YEAR WAS ROUND ROCK ISD.
ROUND ROCK ISD EMPLOYED A GROUP TO HELP THEM AND IT REALLY HELPED IN THOSE ELEMENTARY GRADE LEVELS AND IN THE SECONDARY GRADE LEVELS AS WELL.
YOU CAN SEE WHERE YOU EXCEEDED OUR FORECAST AT PRE K, 42 ADDITIONAL STUDENTS AT PRE K, AND THEN MOSTLY THERE IN THE UPPER ELEMENTARY MIDDLE SCHOOL GRADE LEVELS.
NOW HERE'S A LOOK AT THE FORECAST.
YOU'LL NOTICE YOU'RE STILL DECLINING.
THE MAIN REASON YOU'RE DECLINING GOES BACK TO THAT BIRTH RATE RATIO, THAT NOT CAPTURING THAT 5-7%, WHERE IT'S JUST AT 0.8.
THAT MEANS THE INCOMING KINDERGARTEN CLASS IS SMALLER.
YOUR HIGH SCHOOL CLASSES RIGHT NOW ARE MUCH LARGER.
THE DIFFERENCE BETWEEN YOUR 12TH GRADE CLASS AND YOUR KINDERGARTEN CLASS IS ROUGHLY 300.
THAT IS WHAT'S REALLY DRIVING THE ENROLLMENT DECLINE IS THE FACT THAT YOU'RE OLDER SECONDARY IS LARGER THAN YOUR INCOMING.
THIS IS THE SAME CHALLENGE THAT MANY SCHOOL DISTRICTS HAVE.
THIS IS THE CHALLENGE THAT PLANO HAS, THAT LOUISVILLE HAS, THAT CARLTON FARMERS BRANCH LIKELY HAS.
WE SEE IT IN MULTIPLE DISTRICTS ACROSS THE STATE, AND IT'S SLIGHTLY TIED TO A COUPLE OF THINGS.
ONE OF THE THINGS IS THE BIRTH RATE.
BUT IT'S ALSO THE FACT THAT WE'RE NOT SEEING THE TURNOVER IN OLDER HOUSING WHERE WE NEED YOUNGER FAMILIES TO COME IN AND BUY SOME OF THESE OLDER HOMES AS THEY BECOME AVAILABLE, AND THEY CAN'T AFFORD THEM AND THE INTEREST RATES ARE HIGH AND PROBLEMATIC, SO WE'RE NOT GETTING THAT REGENERATION EFFECT THAT WE NEED.
THAT'S A LITTLE BIT OF A CHALLENGE AS WELL.
THEN WE'VE GOT THE CHARTER COMPETITION AND THE COMPETITION FROM HOME SCHOOLING.
UNDER THIS SCENARIO, I REALLY ENCOURAGING DISTRICTS DON'T GET TOO CAUGHT UP IN THE 10 YEAR, BUT REALLY HONE IN ON THE FIVE YEAR NUMBER.
IN FIVE YEARS, YOUR ENROLLMENT COULD BE AT ABOUT 21,500.
NOW, CERTAINLY THE STRATEGIES THAT YOU USE COULD INFLUENCE THIS.
>> WE ARE NOW BRACING FOR THE CHANGES THAT ARE LIKELY GOING TO BE HAPPENING WITH THIS LEGISLATIVE SESSION AND WITH THE ADVANCEMENT OF SOME FORM OF SCHOOL CHOICE.
ONE OF THE STRATEGIES THAT WE'RE WORKING AND WE'RE VERY CLOSE TO HAVING THIS DONE IS WE'LL BE ABLE TO PROVIDE TO OUR CLIENTS THE NUMBERS OF STUDENTS THAT ARE ATTENDING CHARTERS AND PRIVATES LIVE IN YOUR DISTRICT.
WE'RE GOING TO BE ABLE TO GIVE YOU THOSE REPORTS OF THAT DATA SO THEN YOU CAN SEE HOW THAT'S CHANGING OVER TIME.
IT'S BEEN VERY HARD FOR US TO GET THAT DATA, BUT WE NOW HAVE A SOURCE TO GET THAT.
WE DID THREE TEST DISTRICTS AND BIRDVILLE IS ONE OF THE DISTRICTS THAT WE TESTED IT ON, SO WE'LL BE SHARING THAT DATA SHORTLY.
BUT ABOUT 21,500 IS WHERE YOU'D LIKELY LAND IN FIVE YEARS.
AT YOUR ELEMENTARY CAMPUSES, YOU CAN SEE YOU'RE AT ABOUT 10,288 ELEMENTARY STUDENTS THIS PAST FALL, AND IN FIVE YEARS, YOU COULD BE DOWN AT ABOUT 9,704.
THIS IS AN AREA WHERE SCHOOL DISTRICTS REALLY ARE GOING TO NEED TO TAKE A LONG TERM VIEW OF THEIR BUILDINGS AND UTILIZATION AND HOW WE USE THE BUILDINGS.
BECAUSE THIS IS GOING TO BE DYNAMIC OVER THE NEXT SEVERAL YEARS.
WE'RE STUDYING AND WATCHING THE LEGISLATIVE SESSION VERY CLOSE.
IT'S STILL GOING TO BE A WHILE BEFORE THE HOUSE HAS THEIR VERSION.
BUT RIGHT NOW WE DO SEE THERE IS AN ALLOWANCE FOR HOME SCHOOLING, AND SO WE'LL WANT TO WATCH THAT VERY CLOSELY.
AT THE SECONDARY LEVEL, YOUR MIDDLE SCHOOL NUMBERS.
NOW THE REASON IT TAKES THEM A LITTLE LONGER BEFORE THEY START TO SEE THEIR DROP, IT'S ALL ABOUT THE CLASS SIZES AS THEY WORK THEIR WAY THROUGH.
THE ELEMENTARY, IF I GO BACK TO THIS GRADE PAGE, YOU CAN DO THE SAME THING WHERE THE FIFTH GRADE CLASS IS 1,600, THE KINDERGARTEN CLASS IS 1,450.
THAT'S WHAT'S CAUSING THAT ELEMENTARY NUMBERS TO DROP.
BUT WHEN YOU LOOK AT YOUR MIDDLE SCHOOL,
[00:20:01]
MAYBE I SHOULD GO BACK TO THIS ONE.YOUR STRONGEST COHORT RIGHT NOW, LOOK AT THOSE FIFTH AND SIXTH GRADES, FIFTH AND SIXTH.
I DO USE THOSE FACTORS IN MY CALCULATIONS.
NOW, WHY IS FOURTH AND FIFTH GRADE GROWING MORE THAN THE OTHER ELEMENTARY GRADES? I HAVE MY OWN SUSPICIONS OF THAT.
>> IS THAT RETURN FROM THE CHARTER SCHOOLS?
>> RETURN FROM CHARTER AND RETURN FROM HOME SCHOOL.
HOME SCHOOLING IS ONE THING WHEN THEY'RE IN KINDERGARTEN AND FIRST GRADE, BUT THEN AS THEY GET OLDER AND THE CONTENT GETS MORE CHALLENGING, I SUSPECT WE'RE GOING TO SEE THIS AS A NEW PATTERN TO WHERE WE SEE THE RETURN TO HOME SCHOOL AS THEY GET OLDER AND THEY GET IN THE UPPER ELEMENTARY.
THEY ALSO WANT TO PREPARE THEM FOR MIDDLE SCHOOL.
MIDDLE SCHOOL, FINE ART, I ACTUALLY HAD THE FLU 2.5 WEEKS AGO.
IT'S JUST THE LATE EFFECTS OF WHAT I HAD FROM A COUPLE OF WEEKS AGO.
BUT I THINK THIS IS GOING TO BE A NEW PATTERN OF THE COMING BACK IN UPPER ELEMENTARY MIDDLE SCHOOL.
YOU CAN SEE THAT IN YOUR DISTRICT IN FIFTH AND SIXTH AND ALSO NINTH GRADE COHORT IS REALLY STRONG AS WELL.
>> SOME OF THAT COMING BACK FROM COVID FIVE YEARS AGO, TOO.
IT REALLY JUST ALWAYS FOURTH AND FIFTH GRADE, DO YOU SEE A BUMP?
>> RIGHT NOW WE'RE SEEING AT FOURTH AND FIFTH GRADE.
I THINK THE COVID RETURNS HAVE ALREADY HAPPENED.
I THINK THEY DIDN'T ALL COME BACK THE FIRST YEAR AFTER, BUT BY THE THIRD YEAR, YES, WE WERE SEEING THAT THEY MOSTLY CAME BACK.
I THINK THIS IS THE CHARTER HOME SCHOOL RETURN HERE.[BACKGROUND]
>> I WAS GOING TO SAY THAT ILT STARTS AT EIGHTH AND WHERE DID THEY GO FROM THERE THE HIGH SCHOOL?
>> IT'S ALMOST IN THE NORTHWEST SCHOOL DDISTRICT.
IT'S PRETTY GOOD WAYS AWAY. YOU'RE RIGHT.
AT THE SECONDARY LEVEL, YOUR MIDDLE SCHOOLS ARE HOLDING AT ABOUT 4,900 FOR THE NEXT 4-5 YEARS BEFORE THEY START TO FEEL THEIR DROP.
YOU CAN SEE THAT YOU'RE AT 7,100.
THEY ARE TRAILING OFF BECAUSE OF THOSE LARGER GRADUATING CLASSES RIGHT NOW.
THEY COULD LAND AT ABOUT 6,900 IN FIVE YEARS.
THE REASON I SAY JUST REALLY FOCUS ON THE SHORT TERM WITHIN THE NEXT FIVE YEARS BECAUSE THERE'S A LOT OF THINGS THAT ARE GOING TO CHANGE THAT WILL LIKELY CAUSE THOSE LATER NUMBERS TO BE DIFFERENT.
I'LL DO KEY TAKEAWAYS AND BE READY TO ANSWER SOME QUESTIONS.
BIRDVILLE ISD DID SEE A SLIGHT INCREASE THIS FALL DESPITE MY PROJECTIONS.
THAT'S GOOD NEWS, AND IT REALLY WORKED.
NEW HOUSING STARTS ARE ON PACE FOR OVER ABOUT 400 NEW HOMES THIS YEAR.
THE BIGGEST CHALLENGES WITH ENROLLMENT CONTINUE TO BE THE LARGE GRADUATING CLASSES VERSUS THE SMALLER INCOMING KINDERGARTEN CLASSES, AND THAT'S LIKELY MOSTLY DRIVEN BY CHARTER SCHOOL IMPACT.
EXPANDED CHOICE, LIKELY TO COME THIS SPRING.
IT'LL COME INTO VIEW THIS SPRING.
I THINK WE'LL START TO SEE THE HOUSE VERSION WITHIN THE NEXT MONTH, BUT THEN THERE WILL BE THAT BACK AND FORTH THAT'LL GO ON FOR A WHILE.
I WOULD ENCOURAGE YOU TO FOCUS IN ON 21,500 AS THE ENROLLMENT IN THE NEXT FIVE YEARS. YES, SIR.
>> ARE YOU ABLE TO LOOK AT THESE MULTIFAMILY STARTS THAT ARE COMING UP? THERE'S GOING TO BE A CERTAIN BREAKPOINT, I WOULD THINK IN HOW MUCH THAT RENT COST THAT TELLS ME IS IT A FAMILY MOVING IN WITH ZERO KIDS OR THEY'VE GOT 1.5 KIDS, WHATEVER? I MEAN, I'VE HEARD SOME OF THESE POINTS OF PRICING ON THE APARTMENTS ARE PRETTY STEEP.
>> THEY'RE VERY STEEP. THEY'RE VERY EXPENSIVE.
>> CAN FAMILIES AFFORD THESE APARTMENTS THEY MOVE.
ARE THEY AFFORDABLE, ARE THEY BUILDING THEM AND WE'RE JUST SEEING THE YOUNG COUPLES MOVING IN OR YOUNG PROFESSIONALS, AND THEY'RE NOT BRINGING THE KIDS WITH THEM? ARE YOU SEEING ANY TRENDS THAT.
>> WE DO HAVE YOUR TRENDS ON YOUR MULTIFAMILY AND I CAN SHARE THAT WITH THE ADDENDUM TO THIS.
BUT YES, WE HAVE BIRDVILLE ISD APARTMENTS AND WHAT THEIR YIELDS ARE AND WHAT THE TRENDS ARE.
I CAN TELL YOU THAT AS A WHOLE, ACROSS OUR CLIENTS, MULTIFAMILY YIELDS A THIRD OF WHAT SINGLE FAMILY YIELDS.
IT JUST DOESN'T YIELD AS MUCH.
THERE'S MANY REASONS WHY FAMILIES CHOOSE MULTIFAMILY OR INDIVIDUALS.
THERE'S NOT MANY FAMILIES THAT ARE USING MULTI FAMILY.
BUT THERE WILL BE SPLITS, DIVORCED SEPARATED FAMILIES.
[00:25:01]
SO THEREFORE, THAT WILL LIKELY END UP WHERE ONE OF THE SPOUSES WILL BE IN MULTIFAMILY OR SINGLES OR EMPTY NESTERS.NOT AS MANY KIDS IN MULTIFAMILY FOR SURE.
THE AMOUNT OF MULTIFAMILY COMPONENTS THAT HAVE BEEN BUILT IN THE LAST THREE YEARS IS HUGE.
BUT WHAT YOU'RE SAYING IS THE DATA DIDN'T SHOW THEY'RE HAVING A VERY BIG IMPACT ON OUR SCHOOL POPULATIONS YET?
>> ONE THAT WORRIES ME, THE NEW APARTMENT COMPLEX BY SMITHFIELD ELEMENTARY.
REMEMBER THE SITE PLAN WE LOOKED AT WITH THEM, THOSE WILL BE REALLY UPSCALE EXPENSIVE APARTMENTS.
YOU'RE NOT GOING TO HAVE THAT BIG INFLUX OF YOU KNOW, STUDENTS.
>> YOU REMEMBER THE LAST TIME HE PRESENTED THE APARTMENTS AND TOWN HOMES OVER BY CITY HALL IN NORTH RICHLAND HILLS.
I DON'T BELIEVE MAYBE HE HAD ONE CHILD.
I KNOW THERE'S STILL BUILDING THERE, BUT IT WAS A VERY SMALL NUMBER.
>> MY UNDERSTANDING IS THAT A LOT OF PEOPLE THAT ARE MOVING INTO THE NEW APARTMENTS ARE MOVING FROM THE OLD APARTMENTS.
THEY'RE NOT JUST MOVING IN FROM OUT OF DISTRICT.
THEY'RE JUST SWITCHING TO NICER APARTMENTS
>> JUST TRANSFER LIKE NEW CHURCH STARTS FROM OLD CHURCHES.
YOU MENTIONED THAT ROUND ROCK ISD AND US ARE THE TWO THAT BEAT YOUR PROJECTIONS?
>> THAT WE WERE DOING TAKING SIMILAR ACTIONS TO SEE THE GROWTH.
ARE THERE ANY ACTIONS THAT THEY'RE TAKING THAT YOU'RE AWARE OF THAT WE HAVEN'T THAT WE COULD DO BETTER IN?
>> I DON'T KNOW THE FULL DETAILS OF ALL THAT THEY DID, BUT I KNOW THEY WERE CONCENTRATING ON THE EARLY CHILDHOOD REALLY GOING AFTER TRYING TO GET THE PRE K KINDERGARTEN FIRST, SO THEY WERE HEAVILY FOCUSED ON THAT.
YES, IT'S A EARLY ELEMENTARY FOCUS IS WHERE THEY WERE PROBABLY SPENDING A LOT OF THEIR RESOURCES ON.
THEY'RE COMMUNICATING WITH ALL TYPES OF GEOFENCING AND USING TECHNOLOGY HEAVY TO TRY TO COMMUNICATE TO THESE GROUPS.
>> WE'RE DOING THOSE ALREADY, AREN'T WE?
>> YES. I THINK SOME OF THOSE SAME OPPORTUNITIES WE USED TO REACH OUR FAMILIES.
>> GOOD. ANY OTHER QUESTIONS? ALWAYS A PLEASURE. DON'T HESITATE TO SEND THEM BACK ON.
>> THANK YOU, BOB. APPRECIATE IT.
WELL, GOOD EVENING. WE DO HAVE A BUDGET UPDATE.
THIS IS OUR ANNUAL BUDGET UPDATE THAT'S BASICALLY BASED IN BOARD POLICY.
BOARD DO YOU APPROVE THIS PARTICULAR POLICY, CCA LOCAL SEPTEMBER 2019, THAT WAS RECOMMENDED BY OUR FINANCIAL ADVISOR.
THE OBJECTIVE IS TO PROVIDE DEBT MANAGEMENT PRACTICES THAT MINIMIZE COST TO TAXPAYERS, MINIMIZE BORROWING COSTS, REALLY JUST PUTTING IN WRITING WHAT WE WERE ALREADY DOING.
THE GOAL, WE ACTUALLY CREATED GUIDELINES FOR THE USE MANAGEMENT AND ISSUANCE OF DEBT OBLIGATIONS, INCLUDING ALLOWABLE PURPOSES, REPAYMENT, REFUNDING DEBT OBLIGATIONS, METHODS OF SALE, ETC ON THOSE PIECES.
THEN ONE OF THE GOALS IS TO PROVIDE SUFFICIENT DEBT CAPACITY FOR CURRENT AND FUTURE CAPITAL NEEDS OF THE DISTRICT, CREATING A MULTI YEAR CAPITAL IMPROVEMENT PLAN THAT WE HAVE DONE WITH THE INPUT OF SEVERAL OF OUR PROFESSIONALS, AND SO IT'S ONE YOU'VE SEEN BEFORE.
THEN THIS IS WHAT WE'RE DOING TONIGHT IS REVIEWING THAT PLAN AND RECOMMENDING APPROPRIATE CHANGES TO YOU AS THE BOARD OF TRUSTEES.
ONE OF THOSE BIG GOALS AT THE BOTTOM IS REPAYING DEBT AS EXPEDITIOUSLY DEEMED PRUDENT GIVEN THE APPLICABLE TAX RATE PARAMETERS AND OUR OVERALL FINANCING OBJECTIVE.
THAT'S WHAT WE'RE BRINGING TO YOU TONIGHT.
JUST AN UPDATE ON WHERE WE ARE, TAX VALUE WISE, AS OF DECEMBER, WE WERE JUST UNDER 15.4 BILLION DOLLAR OF TAX VALUE, WHICH REFLECTS A 5.9% INCREASE FROM THE PRIOR YEAR.
WE ARE PROJECTING RIGHT NOW 4% AND 3%, WHICH ARE FAIRLY CONSERVATIVE.
WE HAVE STILL ABOUT $920 MILLION OF OUTSTANDING HOMESTEAD CAPS.
THAT'S WHERE HOMEOWNERS HAVE NOT REACHED THAT MARKET VALUE BECAUSE THEIR VALUES CAN ONLY GO UP 10% A YEAR.
THOSE WILL CONTINUE ON REGARDLESS OF ANY TYPE OF
[00:30:02]
APPRAISAL CHANGES BECAUSE THEY'RE ALREADY BUILT INTO LAW.ON THE TAX RATE, THIS IS THE TAX RATE, THE 25 THAT THE BOARD ADOPTED IN AUGUST, AND WE HAVE KEPT THE INS TAX RATE CONSTANT IN THESE PROJECTIONS, AND THE M&O RATE IS DIRECTLY ATTRIBUTABLE TO WHATEVER COMPRESSION THAT OUR LEGISLATURE WILL DO.
I'D LIKE TO SHOW YOU THIS SLIDE.
SINCE 2019, THERE HAVE BEEN SOME SIGNIFICANT REDUCTIONS IN OUR OVERALL M&O RATE OVER $0.25.
WELL DONE BOARD OF TRUSTEES FOR THAT.
NOW, THIS NUMBER IS A LITTLE DIFFERENT THAN WHAT MR. TEMPLETON HAD ON HIS.
WE SENT HIM THE FILE HE WAS USING IN SEPTEMBER, AND THIS IS OUR FALL P SNAPSHOT AT THE END OF OCTOBER, AND I WILL GET THOSE DIFFERENCES CORRECTED BACK TO HIM, AND I DO APOLOGIZE.
WE GOT HIS PRESENTATION ON FRIDAY AFTERNOON.
I SAW THIS TODAY AND REALIZED HE AND I WERE A LITTLE OFF.
BUT I ALWAYS LIKE YOU TO SEE THIS IN 2017, 2018, AS YOU MENTIONED EARLIER, DOCTOR STENSON THAT WAS WHEN THE CHARTER OPENED UP, AND WE STARTED SEEING THOSE INCREMENTAL PIECES OFF.
IDEA CHARTER OPENED IN '19, AND THEN OF COURSE, WE HAD THE DROPS FROM COVID IN THE YEARS AFTER THAT.
WE WERE PROJECTED TO BE AT 22,157 THIS YEAR, A DROP OF 62, AND OUR ACTUAL 22,267 WAS JUST A LITTLE BIT BELOW WHAT MR. TEMPLETON HAD IN HIS, 110 OVER OUR FALL PROJECTION, BUT 48 STUDENTS ABOVE OUR ENROLLMENT.
THAT WAS GOOD NEWS. STUDENT ATTENDANCE, I ALWAYS LOVE TO DO THIS BECAUSE OUR STAFF HAVE DONE AN INCREDIBLE JOB HELPING US WITH ATTENDANCE, AS YOU KNOW, WE GET PAID ONLY WHEN CHILDREN SHOW UP FOR SCHOOL.
IT'S VERY IMPORTANT THAT WE HAVE THEM THERE.
IN THE LAST COUPLE OF YEARS, THROUGH THE ALLOWANCE THAT YOU'VE HAD FOR US TO HAVE ADDITIONAL FUNDS FOR ATTENDANCE INCENTIVES AND THE TRIBUNAL THAT DOCTOR SHOWELL HAS OVERSEEN, WE SAW A LITTLE OVER A HALF PERCENT INCREASE FOR THE FIRST SEMESTER, I'M HAPPY TO SAY THAT WE'VE SEEN THOSE INCREASES CONTINUE.
RIGHT NOW WE'RE ON AVERAGE 0.33% ABOVE, AND IF THAT CONTINUES, THEN WE'RE GOING TO BE REALLY APPROACHING THAT 95 HERE PRETTY SOON.
THANK YOU FOR THE SUPPORT YOU'VE GIVEN US TO CONTINUE WORKING ON THOSE NUMBERS.
>> KATIE, I DO THINK IT'S WORTHY OF NOTING THAT IF IT'S A SIX WEEKS, TYPICALLY THE 4, 6 WEEKS, IF IT'S A NINE WEEKS, IT'LL BE THE THIRD NINE WEEK PERIOD.
WE'RE CURRENTLY EXPERIENCING NOW, WHICH IS FLU VIRUS, SOMETHING, AND OUR ATTENDANCE RATES ARE LOW AND BECAUSE OF ILLNESSES.
ON ANY GIVEN DAY AND ANY GIVEN YEAR, WE DO SEE THIS BELL CURVE AND IT DIPS THIS TIME OF THE YEAR RIGHT AFTER CHRISTMAS.
>> SEVERAL YEARS AGO, WE TALKED ABOUT SOME INCENTIVE PROGRAMS, AND WE SET ASIDE SOME MONIES TO DO THAT.
IS THAT STILL BEING IN OUR BUDGET PROCESS?
>> YES, SIR. WE HAVE $50,000 THAT WE APPLY TO THE CAMPUSES FOR ATTENDANCE INCENTIVES.
>> THAT'S WHAT I WAS GOING TO ASK. THE 0.33%, IF IT CONTINUES, HOW MUCH ON OUR BOTTOM LINE DOES THAT ADD? THE 50,000 TRANSLATES INTO WHAT?
>> YOU ASKED ME THE OTHER DAY TO HAVE THAT NUMBER AND I DON'T HAVE THAT.
I APOLOGIZE, BUT I'LL HAVE DOCTOR GLENN SIT HERE AND PLAY WITH THE NUMBERS, AND SHE'LL HAVE A NUMBER FOR YOU JUST A MOMENT.
I APOLOGIZE. CURIOUS THE OTHER DAY AND I DID NOT DO THAT. I APOLOGIZE.
>> BUT YES, THAT INCREASE IS PRETTY SIGNIFICANT.
>> OF COURSE TO THE TRIBUNAL HAS A LOT TO DO WITH OUR IMPROVEMENT TOO.
I MEAN, THE INCENTIVES ARE GOOD.
>> NOTHING BAD ABOUT THE TRIBUNAL DEAL.
IF THAT PREPARED, SHOCKED OF HOW WELL IT'S WORKING.
>> OFTENTIMES WHAT WE SEE AND DOCTOR SHOWELL COULD SPEAK TO THIS MUCH BETTER THAN I CAN, BUT OFTENTIMES THE PARENTS ARE APPRECIATIVE OF THE HELP.
THEY SEE IT AS US ALL WORKING TOGETHER.
>> LET'S KEEP GOING. FACILITIES MASTER PLAN, THIS IS ONE YOU'VE SEEN BEFORE.
THIS IS WHAT WE PRESENTED AT THE 2022 BOND PLANNING COMMITTEE, AND WE'VE TRADITIONALLY HAD THE LAST FEW BOND PROGRAMS HAVE BEEN EVERY FOUR YEARS.
AS WE LOOK FORWARD TO THE FUTURE, WE'VE GOT 4-6 YEARS, AND THEN THOSE WILL BE DETERMINED BY THE BOARD.
DEBT SERVICE FUND THROUGH REFUNDINGS AND OPPORTUNITIES TO RETIRE DEBT.
[00:35:05]
THE BOARD, YOU GUYS HAVE SAVED OUR TAXPAYERS 52.2 MILLION DOLLAR IN INTEREST COST, SO WELL DONE.OUR ASSUMPTIONS AS WE TALKED ABOUT THE TAX RATE GROWTH, AS MR. TEMPLETON, JUST MENTIONED, THE DROP IN STUDENTS IS PROJECTED AT 261, BUT WITH THE EFFORTS THAT WE'VE CONTINUED AS A DISTRICT, UNDER DOCTOR STENSON'S LEADERSHIP, I REALLY AM HOPING THAT NUMBER IS GOING TO BE A LOT LESS.
WE HAVE A LOT OF OPPORTUNITIES, I THINK, AND A LOT OF PROGRAMS THAT CAN DRAW KIDS IN FROM OTHER DISTRICTS.
>> SPEAKING OF THAT, WE HAVE DISCOVER BALVO COMING UP.
>> WE ALL HAVE FOLLOWINGS ON OUR FACEBOOK, AND IF WE PUSH THAT, WE WANT TO WELCOME EVERYBODY INTO OUR DISTRICT TO SEE DISCOVER BIRDVILLE.
>> I THINK IT'S EXPERIENCE BIRDVILLE NOW, ISN'T IT? THAT'S OKAY. BUT YEAH, THAT'S A GOOD POINT. THANK YOU.
>> YES, JUST TO PIGGYBACK OFF OF THAT.
AGAIN, THIS YEAR, IT WILL BE AT THE BECHTEL.
WE HAD A FABULOUS TURNOUT LAST YEAR, AND IT'S AN OPPORTUNITY FOR FAMILIES TO COME IN WHO ARE CURRENT STUDENTS AND FAMILIES AND VISIT, AS WELL AS ANYONE WHO WANTS TO LEARN ABOUT OUR DISTRICT AND THE PROGRAMS THAT WE OFFER.
THERE WILL BE PROGRAMMATIC OFFERINGS AND ACTIVITIES FOR PRE K THROUGH 12TH GRADE TAKING PLACE AT THE BECHTEL FROM 9-12 ON THE 22ND.
WE WOULD ENCOURAGE FAMILIES WHO ARE LOOKING TO OPEN ENROLL TO COME AND VISIT.
>> I LOVE THAT, IT'S AT THE BECHTEL.
IT'S SUCH A GOOD IDEA BECAUSE IT REALLY SHOWCASES EVERYTHING THAT OUR DISTRICT DOES. GOOD IDEA.
>> MR. DREES, THAT'S WELL OVER 1.5 MILLION DOLLAR.
>> HOW DO WE INCREASE THE OTHER PART OF IT, THOUGH.
>> THAT'S RIGHT. I LIKE TO HAVE THINGS EXACT.
I COULD HAVE ESTIMATED THAT IN MY HEAD, BUT I PREFER THAT DOCTOR GLENN DID IT.
>> YOU TAKE THE 0.33 INCREASE IN ATTENDANCE BEING $1.5 MILLION.
OUR NUMBERS BEING HIGHER, WHAT 160 OR SO STUDENTS HIGHER THAN THE DEMOGRAPHER PREDICTED? THAT ALONE IS QUITE A BIT OF MONEY AS WELL.
>> ONE AND A HALF MILLION FROM 1% INCREASE.
WE TURNED 50,000,500. IT'S RETURN.
>> IT'S STILL A GREAT INVESTMENT AND A GREAT RETURN ON INVESTMENT.
I'LL KEEP MY FINGERS ON THE SIDE.
THERE WE GO. FOR THESE PROJECTIONS, WE'VE KEPT OUR TAX RATE CONSTANT.
WE'VE INCLUDED ESTIMATED BOND PAYMENTS PLUS ANY PROPOSED PREPAYMENTS.
HERE ARE OUR TAX VALUE ESTIMATES PLUS OUR AVERAGE DAILY ATTENDANCE.
HERE'S OUR REVENUE, 65.5 MILLION GOING UP A LITTLE BIT AND ALL OF THE INCREASE IN REVENUE IS STRICTLY DUE TO THE INCREASE IN OUR TAX VALUES.
THEN AS WE LOOK HERE, THEN YOU CAN SEE WHAT OUR DEBT SERVICE EXPENDITURES ARE.
>> I THINK RICHARD HAD A QUESTION ON THAT SIDE.
>> THAT'S CORRECT. CURRENT LAW, YES, SIR.
>> THAT'S CORRECT. THEY HAVE RIGHT NOW.
NOW, WHAT WE'VE BEEN TOLD BY OUR FINANCIAL ADVISOR IS OVER TIME AS OUR VALUES GROW, WE GROW OUT OF THAT FUNDING.
THAT'S WHY IF YOU LOOK ON THIS PAGE, WE HAVE BEEN CONSERVATIVE IN THAT'S OUR HOLD HARMLESS, THE IFA/EDA PORTION, BECAUSE OUR FINANCIAL ADVISOR HAS SAID AT SOME POINT THEY WILL RUN OUT OF MONEY FOR THAT.
WE'VE KEPT THAT FAIRLY CONSERVATIVE.
IT'S A FEW MILLION LESS THAN WHAT WE CALCULATE BECAUSE WE'RE NOT SURE WE'RE GOING TO GET ALL OF IT.
WE JUST WANTED TO BE FAIR IN OUR PROJECTIONS WITH YOU.
WE NEVER GOTTEN THIS MONEY BEFORE.
>> RICHARD, REMEMBER YOUR MIKE.
[00:40:01]
>> OUR OVER 65 FROZEN WENT 20 MILLION TO 7 MILLION.
THAT'S WHAT A LOT OF THAT MONEY IS BASED ON.
IS THAT DROP? WE'LL KEEP MOVING.
CAPITAL REPLACEMENT SCHEDULES THAT WE PRESENT TO YOU EACH YEAR.
WE'VE GOT OUR ATHLETIC REPLACEMENT CYCLES AND COACH NORTON HAS LOOKED THROUGH.
YOU'LL NOTICE THERE'S NOTHING FOR 25/26.
COACH NORTON HAS GONE THROUGH AND EVALUATED.
WHILE REPLACEMENT CYCLES ARE JUST ESTIMATES OF TIME.
HE'S GONE THROUGH AND REVIEWED AND MOVED EVERYTHING TO 26/27 THAT WAS HERE.
IN 26/27, WE HAVE TWO LARGE ITEMS, WHICH ARE SOME TURF REPLACEMENTS.
HE WILL DO AN EVALUATION AT THAT TIME WITH OUR VENDORS, AND WE MAY BE ABLE TO PUSH THOSE EVEN FARTHER.
BUT WE LIKE TO KEEP THIS IN MIND SO WE KNOW WHAT EXPENSES ARE COMING UP.
>> IS THERE A REASON BIRDVILLE HIGH SCHOOL A YEAR LONGER THAN THE OTHERS? I THOUGHT IT WAS THE SAME TIME, I GUESS.
LIFE CYCLE ON THOSE? [BACKGROUND] IF THINGS GET CONDITIONED RIGHT AND THOSE COULD PUSH STILL EVEN FURTHER.
I THINK KEEPING UP TO DATE MAINTENANCE RECORDS AND BRUSHING AND ALL THOSE THINGS THAT PROBABLY WEREN'T HAPPENING BEFORE YOU GOT HERE, WILL PROBABLY COST YOU SOME LIFE CYCLE THERE FOR THERE.
BUT MAKE IT UP FOR US IF YOU CAN, COACH.
>> THIS IS OUR FINE ARTS REPLACEMENT CYCLE, AND YOU SEE WE HAVE SOME BAND UNIFORMS, CHEER UNIFORMS, CHOIR DRESS CONCERT DRESSES AND OUR CHOIRISERS.
WE'VE BEEN SYSTEMATICALLY REPLACING CHOIRISERS AT THE ELEMENTARIES FOR SEVERAL YEARS.
IT LOOKS LIKE WE'RE COMING TO THE END OF THAT, THANK GOODNESS.
I THINK WE HAD A LOT OF OLDER ONES IN THE DISTRICT.
THESE ARE THE PLAYGROUNDS THAT YOU APPROVED LAST YEAR.
WE'VE BEEN IN A PROCESS OF TRYING TO UPGRADE PLAYGROUNDS AT THE CAMPUSES.
SOME OF OUR PLAYGROUNDS HAVE SIGNIFICANTLY AGED, HAVE BEEN AROUND FOR QUITE A WHILE.
YOU'VE DONE A GREAT JOB ALLOWING US.
IN DECEMBER, YOU APPROVED THE REMAINDER OF OUR ELEMENTARY PLAYGROUNDS AND WE APPRECIATE THAT.
WE SHOULD HAVE EVERYBODY ON EQUAL GROUND WHEN WE FINISH UP THIS SUMMER.
FUTURE NEEDS FUND COMMITTEE AND THE BOARD AWARDED US 2.5 MILLION DOLLAR FOR ONE TIME PROJECTS THIS YEAR.
THE PLAYGROUNDS WERE JUST UNDER 1.3, AND OUR FINE ART REPLACEMENT CYCLE ITEMS WERE 174,000, SO WE HAVE A BALANCE OF JUST A LITTLE OVER 1 MILLION FOR REMAINING PROJECTS.
OUR DEPARTMENTS AND CAMPUSES PRESENTED A LOT OF ITEMS FOR US TO CONSIDER.
WE'VE GOT THE RECOMMENDATION TONIGHT.
I'LL GO THROUGH THESE WITH YOU.
ACADEMY AT KARRIE FRANCIS THOMAS HAVE REQUESTED SOME SPEED BUMPS FOR SPEEDING CARS THROUGH THE FRONT OF THEIR CAMPUS.
JOHN HUGHES, I THINK JOHN, AREN'T THEY ABOUT 10,000 A PIECE OR THE FOUR WE'RE PUTTING IN? FOR. WALKER CREEK.
THEY HAVE SOME OF THOSE OPEN WINDOWS IN THEIR CAFETERIA, THEY'VE REQUESTED TO HAVE SOME SHADES PUT IN SO THEY CAN HAVE PROFESSIONAL DEVELOPMENT.
NORTH RICH MIDDLE HAS ASKED FOR SOME REPLACEMENT DESK TO REFRESH SOME OF THEIR OLDER FURNITURE.
NORTH OAKS MIDDLE HAS HAD QUITE A FEW THINGS THEY NEEDED.
WE WANT TO DO SOME FURNITURE, STUDENT TEACHER DESK REFRESHING.
THEIR LIBRARY IS IN GREAT NEED OF UPDATING EXTERNAL INTERNAL DOOR MATS AND THEN REPLACE ALL OF THEIR SCIENCE LABS.
THE BCTL, THE PRINCIPAL HAS REQUESTED IN THE FRONT FOUR YEAR THAT WE ADD THE SOLAR SHADES TO HELP WITH THE TEMPERATURE ISSUES WHEN IT'S WARM OUTSIDE AND THE SUN'S BEAMING IN.
THE TEMPERATURES GET UP TO 85-90 DEGREES, SO THIS WILL CONSIDERABLY LOWER THOSE TEMPERATURES.
THEN THEY HAVE SOME OLDER FURNITURE FROM THE ORIGINAL OCTALLY, ALL OF THEIR FURNITURES FROM 2009 THAT THEY'D LIKE REPLACED.
COACH NORTON HAS BEEN DOING A REALLY GREAT JOB OF TAKING CARE OF THE ATHLETIC FIELDS, AND WE REALLY APPRECIATE THAT.
HE'S ASKED FOR SOME EQUIPMENT, SOME TRACTOR TRAILERS, AND THEN SOME FIELD MOWERS.
THEN WE'RE GOING TO LEASE, TRY OUT.
HEB HAS THIS A ROBOT, A PAINT ROBOT THAT WILL PAINT THE FIELD.
RATHER THAN FOUR STAFF MEMBERS SPENDING A DAY A WEEK PAINTING.
THEY PUT THIS LITTLE GUY ON I GUESS IT'S NOT A GUY LITTLE ROBOT ON THE FIELD AND ONCE HE'S PROGRAMMED, THAT ACTUAL INDIVIDUAL CAN GO DO OTHER WORK WHILE IT'S PAINTING.
BUT TO KEEP UP, WE WANT TO TRY IT OUT FIRST.
[00:45:02]
I BELIEVE IT'S ABOUT $11,000 FOR THE LEASE.THEN WE FEEL LIKE IF WE STAY WITH THE LEASE, WE MAY BE ABLE TO KEEP THE MOST UPDATED EQUIPMENT.
DO YOU HAVE ANYTHING TO SAY ABOUT THE? I'M VERY EXCITED.
I SAW A VIDEO AT HEB AND IT LOOKS LIKE IT'S GOING TO BE A REALLY GREAT ASSET TO OUR DISTRICT.
CURRICULUM EVERY OTHER YEAR, WE PROVIDE FUNDS FOR COMPOCATION, THAT'LL BE THIS SUMMER.
FACILITIES HAS DONE A BLACKTOP REVIEW SIMILAR LIKE THEY DID WITH THE PLAYGROUNDS.
THREE OF THE CAMPUSES THAT ARE GETTING PLAYGROUNDS, WE'RE ASKING TO ALLOW US TO REDO THEIR BLACK TOPS.
THE COUNTY WILL COME IN AND DO THE RESURFACING.
THE COUNTY IS $100 A DAY PLUS MATERIALS, WHICH IS WONDERFUL.
THEN WE WILL HAVE TO REINSTALL THE BASKETBALL GOAL AND PAINT.
CTE, WE HAVE BEEN WORKING ON A LITTLE BIT OF A REPLACEMENT SCHEDULE, BUT THEIR EQUIPMENT IS SO VARIED.
WE HAVE THE CULINARY ARTS AREA.
THEY HAVE SOME MAJOR KITCHEN EQUIPMENT THAT NEEDS TO BE REPLACED.
THE BIRDVILLE HIGH SCHOOL FOOD SCIENCE LAB.
THERE ARE SOME COOKING APPLIANCES THAT NEED TO BE REPLACED BECAUSE THEY'RE ORIGINAL FROM THE BIRDVILLE SCHOOL BACK IN 1999, 2000.
OUR HEALTH SCIENCE DEPARTMENT IS IN GREAT NEED OF REPLACING BEDS AND DUMMIES AND A BUNCH OF OTHER ITEMS THAT THE STUDENTS HAVE TO USE FOR THEIR CERTIFICATIONS, AND WE'VE BEEN TOLD THAT IF WE DON'T GET SOME OF THAT TECHNOLOGY UPDATED THAT THEY'RE NOT GOING TO BE ABLE TO FINISH THEIR CERTIFICATIONS.
WE HAD SOME EQUIPMENT IN AG THAT WAS REQUESTED.
MIDDLE SCHOOL STEM IS $10,000 PER MIDDLE SCHOOL, AND I BELIEVE THAT I BELIEVE, MA'AM.
>> THE ENGINEERING AND MATH EQUIPMENT THAT THEY NEEDED FOR THAT.
FLORAL DESIGN HAS REQUESTED TO HAVE THEIR TABLES UPDATED.
THEY HAVE SOME PROBLEMS WITH SOME OF THE LEGS.
THEN WE HAVE SOME SUPPLEMENTAL CURRICULUM FOR OUR SPECIAL EDUCATION DEPARTMENT.
THEN MELLENDORE, YOU SAW THE PRESENTATION LAST MONTH ON OUR STEM ACADEMY AND THIS IS THE EQUIPMENT THAT'S BEEN REQUESTED FOR START UP ON THAT WITH SOME OF THE STEM THINGS THAT THEY'RE DOING.
THEN THE LAST PIECE, FACILITIES RIGHT NOW IS DOING A CONCRETE REVIEW WITH OUR CONTRACTOR.
THEY'RE GOING TO COME BACK WITH RECOMMENDATIONS AROUND THE CAMPUS, CAMPUSES WHERE WE HAVE BROKEN SIDEWALKS, BROKEN DRIVES, OR HEAVING PAVEMENT.
WHAT WE'D LIKE TO DO AND I HAVE SOMETHING ELSE ON A FUTURE SLIDE.
IF WE HAVE ANY SMALL ITEMS WHERE WE HAVE TO DO SHAVINGS OR JUST SOME SMALL REPLACEMENTS, WE'D LIKE TO TAKE IT HERE.
THEN WE HAVE ANOTHER PROPOSAL FOR ANY LARGER PROJECTS.
>> THE BLACKTOP PROJECTS WE'VE DONE IN THE PAST, WE HAVE A NEW COUNTY COMMISSIONER.
I WANT TO MAKE SURE THAT WE GET THAT FIRMED UP THAT THEY'RE STILL GOING TO CONTINUE DOING THAT.
I DON'T KNOW WHAT HIS ATTITUDE IS ABOUT IT, BUT MAYBE SOMEBODY THAT HE DIDN'T EVEN KNOW ABOUT IT?
>> I THINK WE'VE BEEN CONTINUING MR. DAVIS BECAUSE YOU ASKED US THAT I KNOW WHEN HE WAS FIRST ELECTED.
I THINK WE'VE HAD PROJECTS SINCE THEN, HAVEN'T WE?
>>I KNOW WE RECEIVED A LETTER FROM THE OFFICE.
>> SEE NEW COMMISSIONER CAME IN JANUARY.
>> LAST MONTH. I SEE WHAT YOU'RE SAYING.
>> I WANT TO HOPE WE CAN CONTINUE TO DO THAT.
>> BUT IF WE DO AND THEY AGREE AND ON THE DOT OF THE LINE, WE'RE GOING TO DO THEM THIS SUMMER, LET'S INVITE THE COMMISSIONER IN GIVE HIM A CERTIFICATE, PAT HIM ON THE BACK.
THANK YOU FOR BEING A PART OF OUR TEAM.
THAT WAS SO, [INAUDIBLE] DID IT BECAUSE HE KNEW IT WAS THE RIGHT THING TO DO.
THIS NEW GUY, WE WANT TO MAKE SURE WE GREASE THAT WHEEL A LITTLE BIT. IT'S A TON OF MONEY.
>> WE WILL DEFINITELY VERIFY THAT AND MAKE SURE.
>> IF YOU'D FIND A ROAD BLOCK, PLEASE LET US KNOW WE CAN TRY TO CONTACT THE RIGHT PEOPLE, BUT THE ATTITUDE OF THE COUNTY COMMISSIONERS COURT HAS SHIFTED A LITTLE BIT, I WOULD SAY IN THE LAST YEAR.
>> ANY QUESTIONS ON THESE? ALL RIGHT.
MR. NEVIN IS HERE, AND WE'VE BEEN WORKING ON THE BOND BUDGET UPDATE AND FUTURE PROJECTS.
I'M GOING TO GO AHEAD AND LOOK AT A COUPLE OF PIECES UP.
WE JUST WANT TO LET YOU KNOW WHERE WE ARE ON THE BOND, AND SO I'LL LET HIM GO AHEAD AND TALK THROUGH THESE.
>> THANK YOU. RIGHT NOW, WE'RE GETTING READY FOR THIS UPCOMING SUMMER PROJECT.
WE'VE GOT A LOT TO GET DONE THIS SUMMER, A NUMBER OF ROOFS, AND WE'RE GETTING READY TO DO THE NORTH RIDGE ELEMENTARY COURTYARD, AS WELL AS YOU'VE GOT ELEVATORS AND PLUMBING, FIRE ALARMS AND ELECTRICAL, LOT OF SMALL PROJECTS, PROBABLY THE DIFFERENT ROOFING IS THE BIGGEST PROJECT.
ONE THING I WANT TO TRY DIFFERENT THIS SUMMER WITH YOUR APPROVAL IS TYPICALLY, WE'VE GONE OUT FOR JUST STRAIGHT CSP BIDS, COMPETITIVE SEAL PROPOSALS, AND WHAT WE'RE WANT TO DO THIS SUMMER IS TURN IT MORE LIKE A SMR PROJECT.
SELECT A VENDOR THAT CAN FALL WITHIN THE COOP AND THEN GO WITH THEM AND WORK
[00:50:06]
WITH THEM ON THE BUDGETS TO WORK THROUGH THIS AND MAKE SURE WE GET ALL THIS DONE WITH QUALITY, INSTEAD OF HAVING TO CHASE A NUMBER OF VENDORS LIKE WE HAD WITH ALL THESE MULTIPLE PROJECTS WE HAVE GOING ON.THAT'S IN A NUTSHELL WHAT WE'RE TRYING TO DO.
FOR EXAMPLE, IN OUR ROOFING, WE'LL BE DOING SOME METAL REPLACEMENT, WE'LL BE DOING SOME OF THE TPO RUBBERIZED ROOFING, AND THEN WE'LL ALSO DO SOME FLUID APPLIED ROOFING.
OUR GOAL IS TO GET A VENDOR ONE THAT'S CAPABLE OF DOING ALL THE WORK, AND TWO THAT CAN PROVIDE ALL THREE OF THE DIFFERENT TYPES OF ROOFS.
FOR EXAMPLE, WE'D WORK WITH PROGRESSIVE THAT DID OUR ALTAM HIGH SCHOOL ROOF THIS PAST SUMMER.
YOU MAY RECALL WE'VE DISCUSSED THAT AND THEY DID A GREAT JOB WITH THAT.
>> WHAT WE WANT TO DO IS WORK WITH THEM AND, HERE'S OUR BUDGET.
WE'VE GOT SET ASIDE AND WHAT'S THE BEST ROOF WE CAN PUT ON THE BEST WARRANTY AND STAY WITHIN THIS BUDGET.
THAT WAY, I THINK YOU GET A BETTER PRODUCT IN THE END FOR THE LONG TERM.
THEN THEY ALSO ARE THE ONES THAT SERVICE AND MAINTAIN OUR ROOFS ON ANNUAL BASIS.
YOU'RE GOING TO HAVE CONTINUITY INVOLVED WITH THAT.
THAT'S WHAT WE'RE TRYING TO GET TO.
WE USE SOUTHWEST ELEVATORS, AND THAT'S WHAT WE'RE TRYING TO STANDARDIZE AROUND WORK THROUGH THAT WITH THEM THROUGHOUT THE SUMMER.
THAT'S A LITTLE BIT DIFFERENT THAN WHAT YOU HAVE DONE, BUT AS YOU'VE SEEN, OUR CMR PROCESS WORKS REALLY WELL, I THINK WITH THIS, WE CAN STAY WITHIN ALL OF OUR BUDGETS AND STILL BE HAVE A HIGHER LEVEL OF QUALITY IS THE PLAN.
ANY QUESTIONS OR THOUGHTS ON THAT?
>> YEAH. THEY'LL BE BUYBOARD, TIPS.
WE'RE ACTUALLY ASKING YOU ALL TO PROVE A NEW COOP.
IS EQUAL OR SOME OF THE NAME OF THAT IS NEW, IS DIFFERENT.
BUT THE REASON WE'RE GOING WANT TO GO TOUGH THAT, IT'S JUST CHEAPER TO USE.
>> YES. WE'RE TRYING TO SAVE THE MOST MONEY POSSIBLE.
DOESN'T COST THE DISTRICT ANYTHING TO BE A PART OF IT, BUT WE CAN GET SAVED ON THE OTHER SIDE.
>> CAN WE BE A PART OF BOTH OR JUST ONE OR THE OTHER?
>> YEAH, YOU CAN BE A PART OF ALL OF THEM.
THE DISTRICT PART OF MULTIPLE COOPS.
WE'RE JUST LOOKING FOR THE ONE BECAUSE IT'S REALLY JUST A CONDUIT TO USE AND TO BE WITHIN GUIDELINES.
ANY QUESTIONS OR THOUGHTS ON ANY OF THAT?
>> HISTORICALLY, WHAT WE'VE DONE IN THE PAST, YOU'VE SAVED US MONEY AND GIVE US SOME BETTER QUALITY.
I DON'T EXPECT ANYTHING DIFFERENT.
ROOFING, THESE ARE ALWAYS SHORT TIME LINES, TOO.
YEAH. TO DO A LOT THIS SUMMER.
>> A LOT OF PLANNING HAS HAPPEN AHEAD OF TIME, ACQUIRING MATERIAL TO PRE-CONSTRUCTION MEETINGS.
SHE HAS ALL THE CONTRACTS AND STUFF IN HAND, ALL THE ABOVE, SO YOU BETTER START TOMORROW.
>> WE STARTED IN JANUARY AND SO WE CAME UP WITH THIS CONCEPT ABOUT TRYING TO GET THIS DONE, WE THOUGHT WE COULD GET BETTER QUALITY.
WE'VE GOT ARCHITECT INVOLVED, MY GROUPS INVOLVED, JOHN'S GROUPS INVOLVED AND PULLING THIS WHOLE THING TOGETHER.
>> YOU KNOW WHAT SCHOOLS ARE GOING TO BE ROOFS.
>> THERE'S A NUMBER OF SCHOOLS.
HANG ON A SECOND. I HAVE TO CALL UP THE LIST.
>> WHILE YOU'RE PULLING UP YOUR LIST, I WANT TO TELL YOU HOW MUCH WE APPRECIATE THE FACT THAT YOU'RE SHOPPING COOPS.
BECAUSE WE DO HAVE THE ABILITY TO BE INVOLVED AND ARE INVOLVED WITH MULTIPLE COOPS AND WE DON'T WANT TO GET COMFORTABLE WITH JUST ONE, AND SO MAKING SURE WE GET THE BEST DEAL POSSIBLE FOR THE BEST PRODUCT IS IMPORTANT TO US.
>> AGREED. AND DEPENDING ON WHAT YOU'RE TRYING TO DO, SOME COPS ARE BETTER THAN OTHERS? GIVE ME ONE SECOND. I'M ALMOST THERE.
>> HIS BATTERIES RAN OUT OF HIS MOUTH.
>> I KNOW AND I'M HAVING TO USED THIS SILLY. HERE'S THE LIST.
WE HAVE SMITHFIELD MIDDLE SCHOOL, GRACE HARDIMAN ELEMENTARY, NORTH OAK MIDDLE SCHOOL, PORTER ELEMENTARY, PART OF THAT, THE FAC, GREEN VALLEY ELEMENTARY, WATAUGA ELEMENTARY, BIRDVILLE AG, AND TRANSPORTATION.
PART OF THE BUILDING. WE'VE GOT QUITE A BIT TO GET DONE.
IT'S GOING TO BE A COMBINATION OF METAL REPLACEMENT, TPO, OR THE RUBBERIZED ROOF, AND SOME OF THE FLUID-APPLIED COATING.
>> THEY ALSO HAVE A LOT OF HVAC PROJECTS THIS SUMMER AS WELL.
MANY OF THESE THINGS THAT WE HOPE TO GET COMPLETED AS WELL.
>> JUST AS A QUICK UPDATE ON THE DAVID D SMITH AND MULLENDORE, THEY'RE STILL ON SCHEDULE.
I THINK WE'RE GOING TO TALK ABOUT BUDGET SAVINGS, BUT RIGHT NOW, EVERYTHING'S GOING WELL.
BE READY FOR VISITS, AND I THINK TALK ABOUT MAY FOR HAVING SOME TOURS AND THINGS OF THAT NATURE.
[00:55:01]
SO EVERYTHING IS GOING WELL, AND WE'RE FOLLOWING THAT RIGHT BEHIND IT WITH DAVID SMITH.> WITH ALL THOSE SCHOOLS GETTING NEW ROOFS.
IT'S LIKE A 30% CHANCE IF WE GET HAIL THIS SPRING, IT'S GOING TO BE AT A SCHOOL THAT'S GOING TO HAVE A NEW ROOF SOON.
>> YEAH. JUST THE ROOFS THAT WE ARE PUTTING ON, ESPECIALLY WITH THE FLAT ROOFS, WE PUT A BACKER BOARD UNDER THERE THAT'S HAIL RESISTANT THAT HELPS SAVE THAT FROM FUTURE HAIL DAMAGE.
>> THE 5.5 YOU SAID IT'S LEFTOVER, PARTICULARLY ON THE TOP TWO.
HAVE YOU TAKEN FURNITURE AND FIXTURE OUT OF THERE YET?
HE AND I WORKED ON THIS LAST WEEK AND WE BROKE EVERYTHING OUT, WE'VE PROBABLY BE A LITTLE CONSERVATIVE ON THOSE NUMBERS ANYWAY.
HE'LL HAVE SOME OTHER CONTINGENCIES, BUT WE WANTED TO BE AS CONSERVATIVE AS POSSIBLE SINCE THOSE PROJECTS AREN'T COMPLETED.
WE ALSO HAVE ABOUT 1.3 MILLION LEFTOVER NOW THAT THE PAINTING AND FLOORING PROJECTS ARE COMPLETED, SO THOSE MONIES CAN BE APPLIED TO OTHER PROJECTS AS WELL.
RIGHT NOW AT A VERY CONSERVATIVE LEVEL.
THEN THE OTHER THING I DID ACTUALLY LAST WEEK AS WELL, LOOKING NET OF ARBITRAGE, AND OBVIOUSLY, THOSE CALCULATIONS ARE DONE ANNUALLY.
THIS IS ALSO A VERY CONSERVATIVE ESTIMATE.
CONSERVATIVE MEANS I PROBABLY DIDN'T SHOW YOU ALL THE MONEY. LET'S JUST SAY THAT.
I'M NOT BEING TOO HIGH, BUT WE'LL HAVE RIGHT NOW ABOUT $8,000,000 OF AVAILABLE INTEREST EARNINGS.
SINCE RATES ARE DOWN A LITTLE BIT, THAT DOES REDUCE ARBITRAGE, SO WE'LL PROBABLY BE IN BETTER SHAPE THAN WHAT I THINK.
RIGHT NOW, BEFORE ALL OF THESE PROJECTS, WHICH THIS IS WHAT'S LEFT IN THE BOND.
WE DO HAVE QUITE A BIT OF MONEY THAT WE CAN HOPEFULLY APPLY TO SOME OTHER THINGS, WHICH BRINGS ME TO THE NEXT SLIDE OF SOME THINGS THAT I'D LIKE THE BOARD TO CONSIDER.
FIRST OF ALL, TECHNOLOGY REFRESH AND THAT'S SOMETHING WE'RE GOING TO HAVE TO LOOK INTO DEPENDING ON WHAT HAPPENS AT THE LEGISLATURE.
IF THEY CREATE A LAW THAT WILL NOT ALLOW US TO ACTUALLY HAVE A BOND FOR TECHNOLOGY, THEN WE'RE GOING TO HAVE TO FIGURE OUT HOW TO COVER OUR REPLACEMENT CYCLE.
WE'LL BE THINKING THROUGH THAT ABOUT WHAT'S NEXT.
WE DO HAVE SOME CAMPUSES THAT COULD USE SOME STUDENT RESTROOM REFRESH.
HALTOM HIGH HAS SOME REALLY OLD RESTROOMS, AND NORTHRIDGE MIDDLE HAS GOT SOME THAT DEFINITELY NEED TO HAVE SOME TILE REPLACED AND FIXTURES REPLACED.
WE'D LIKE TO LOOK ALSO AT THE NEXT CAMPUSES FOR FLOORING AND PAINTING THAT WE COULD CONTINUE TO REDUCE THE AMOUNT OF WORK ON WAXING VCT FLOORS.
THE MORE LVT WE GET IN THESE CAMPUSES, THE MORE OPERATIONAL COSTS THAT WE SAVE, WHICH WOULD BE REALLY WONDERFUL.
I KNOW MR. HUGHES WOULD REALLY APPRECIATE THAT.
WE WANT TO CONTINUE WORKING ON CAMPUS EXTERIOR IMPROVEMENTS, AS DOCTOR STENSON HAS ENCOURAGED US, AND I REALLY APPRECIATE IT BECAUSE I SEE THINGS A LITTLE DIFFERENTLY NOW AS I LOOK AT THE CAMPUSES AND SEE WHAT DO WE NEED TO DO TO RAISE THE CULTURE OF WHAT WE WANT TO DRAW IN THE STUDENTS WE WANT TO DRAW? WE WANT PARENTS TO FEEL REALLY GOOD ABOUT THE CAMPUSES THAT THEY'RE BRINGING THEIR CHILDREN TO.
OUR OLDER ONES WHILE THEY'RE OLDER, WE WANT THEM TO LOOK AS GOOD LIKE YOU'VE DONE WITH THE PLAYGROUNDS AS OUR NEWER CAMPUSES.
THERE WILL BE SOME MAJOR CONCRETE ITEMS THAT ARE IDENTIFIED IN MR. HUGHES'S ESTIMATE THAT WE GET FROM THE CONTRACTOR.
WE DO KNOW A COUPLE OF PLACES WHERE THERE'S SOME DRIVES THAT WE'RE GOING TO HAVE TO REPLACE FROM SOME DRAINAGE ISSUES.
THERE MAY BE THE PAINTING AT THE FRONT OF THE SCHOOL, SOME THINGS THAT WE NEED TO DO TO SOME OF THE OUT EXTERIOR CAMPUSES.
WE WORK REALLY HARD ON THE INTERIORS, BUT WE WANT TO MAKE SURE THE EXTERIORS LOOK WELL.
THEN ALSO SOME NICE LANDSCAPING UPDATES.
THERE ARE PLACES WHERE WE HAVE NOT REPLACED DEAD PLANTS AND TREES JUST FROM BUDGET CHALLENGES.
WE MAY EVEN WANT TO LOOK AT OUR ARCHITECT HELPING US WITH SOME DRAWINGS OF THINGS THAT ARE DURABLE AND NOT DIFFICULT TO MAINTAIN.
WE DON'T WANT THINGS IN THAT ARE GOING TO.
THEN THE FINAL THING, YOU GUYS HAVE BEEN SO GENEROUS THE LAST FEW YEARS, ALLOWING US MONEY TO GO IN AND REPLACE CLASSROOM FURNITURE.
BUT WE HAVE A LOT OF PLACES IN THE CAMPUSES WHERE CLASSROOM FURNITURE IS GETTING A LOT OLDER AND IT'S NOT AS CONDUCIVE TO THE MORE STRUCTURED NEW CREATIVE LEARNING ENVIRONMENTS.
WE WOULD LOVE TO HAVE OPPORTUNITIES TO MAYBE IDENTIFY THOSE PLACES AND UTILIZE SOME OF THE FUNDS TO REPLACE CLASSROOM FURNITURE.
THAT WOULD BE ANOTHER OPTION AS WE LOOK AT LEFTOVER BOND FUNDS.
>> GREAT PRESENTATION. I LOVE IT.
IT'S MORE CONDENSED THAN PREVIOUS ONES HAVE BEEN ON SOME OF THIS. SO THANK YOU. APPRECIATE IT.
>> I WAS TOLD TODAY THAT I AM LONG-WINDED.
SO I PROBABLY WAS THIS EVENING, BUT I WILL WORK ON THAT, AND I'LL TRY TO HAVE MY NUMBERS CALCULATED IN MY HEAD BEFORE THE PRESENTATION STARTS.
>> ANY QUESTIONS OR COMMENTS? MR. DAVIS. I'M SORRY. GO AHEAD.
[01:00:02]
HOW'S GRIGGS COME ALONG?>> HOW IS GREG? WELL, WE'RE ACTUALLY GETTING PRETTY CLOSE.
OUR PLAN IS THAT BY APRIL, WE SHOULD START MOVING IN FURNITURE, AND WE HAVE A NUMBER ON THE PUNCH LIST TO DO, BUT IT WILL BE READY TO GO WHEN SCHOOL STARTS.
>> THE OUTSIDE IS DEFINITELY LOOKING A LOT BETTER NOW.
>> YEAH, YOU'RE ACTUALLY SEEING ENDING ON THE OUTSIDE BEING DONE.
RIGHT NOW WE'RE DOWN TO A LIST OF ABOUT 10 THINGS LEFT THAT BEYOND JUST A FEW FINISHED WORK.
BUT WE'RE GETTING THERE, GETTING CLOSE, AND FINALLY, IT'S JUST BEEN SLOW.
A TRUDGE, BUT WE'VE GOT IT IT'S GOING TO BE THERE AND IT'S GOING TO BE REALLY NICE.
>> GO BACK TO THE ARBITRAGE UPWARDS OF $8,000,000 THAT WE HAVE THERE IN INTEREST EARNINGS.
HOW SOON DO WE NEED TO HAVE THAT MONEY EITHER DESIGNATED AND OR CONTRACTED FOR?
>> WELL, ARBITRAGE IS PAID THE FIFTH YEAR AFTER THE BONDS ARE ISSUED.
SO THESE BONDS WERE JUST ISSUED IN 2023, AND THEN WE HAVE TO PAY THEM 60 DAYS.
SO BASICALLY ONCE AND WE'RE ABOUT TO HIT THAT WITH THE 18 IT'S THE 18 BOND, BUT THE 2020 BOND ISSUANCE.
SO NEXT ACTUALLY THIS MONTH, I'LL BE DOING AN INFORMATION ITEM.
IN MARCH, I WILL BE BRINGING AN ACTION ITEM BASED ON THE ARBITRAGE CALCULATION SO THAT WE CAN GENERATE THAT PAYMENT IN APRIL.
IT'LL BE 60 DAYS AFTER OUR FEBRUARY ISSUANCE DATE.
THE GOOD NEWS IS THAT THAT MONEY CAN SIT THERE IN OUR INTEREST AND THERE'S INTEREST ON INTEREST THAT WE CAN CONTINUE TO KEEP.
AND IF RATES DROP, SEE THOSE BONDS WERE IN THE HIGH 3% RATES.
IF RATES DROP DOWN, WHICH WHO KNOWS THEY MAY IF THEY EVER DO THEN WE CAN ACTUALLY HAVE NEGATIVE ARBITRAGE THAT CAN EAT UP SOME OF THE POSITIVE ARBITRAGE, WHICH IS ONE OF THE REASONS IN 2020, WE'RE NOT GOING TO OWE A LOT OF MONEY ON THAT PARTICULAR BOND BECAUSE THE RATES WERE NEGATIVE DOWN TO 0.01% FOR SO LONG.
I THINK THAT WE HAVE PLENTY OF TIME.
I'VE ALREADY PULLED THE ARBITRAGE OUT OF THE TOTAL.
SO THE TOTAL WE HAVE IS 13 MILLION.
I'VE PULLED ARBITRAGE OUT OF THAT AND WE WON'T TOUCH THAT.
WE'RE TAKING ABOUT 35% OF EACH PAYMENT AND SETTING IT ASIDE.
EACH YEAR WE HAVE ARBITRAGE CALCULATIONS EVERY AUGUST.
EACH YEAR I WILL UPDATE THAT NUMBER AND USE A DIFFERENT PERCENTAGE AS WE MOVE FORWARD.
IN THAT WAY, WE CAN KEEP A CLEAR NUMBER ON WHAT WE HAVE.
>> DO WE HAVE ANY 2018 PRINCIPALS MONIES LEFT?
>> YES, SIR. IT'S ALL INTEREST, THOUGH.
IT'S ALL INTEREST EARNINGS THAT WE HAVE.
>> SO WE'VE GOT SOME 18 MONEY.
WE'VE GOT SIX MILLION THERE, ANOTHER 8,000,014.
WE'VE GOT YOU KNOW UPWARDS TO $15,000,000 OF EITHER A PROJECT WE HADN'T THOUGHT OF, OR HEY, IT'S TIME TO GO FINISH OUT SOMETHING HERE AT THIS FACILITY?
>> WELL, THE 18 BOND MONEY, IF YOU REMEMBER, IS ALL GOING TO RENOVATE WITH THE PURCHASE RENOVATION OF THE BACK.
>> YES, SIR. IT'S ALL BEEN ACCOUNTED FOR.
THAT'S WHY I HAD THE SECOND SLIDE. YES SIR.
>> I'LL ASK MR. TOLBERT, IS THAT COMMITTEE STILL GOING TO BE LOOKING INTO SOME LONG-TERM HOW WE'RE GOING TO SPEND THOSE MONIES?
>> SO JUST CLARIFICATION, THE MONIES ON THE RIGHT ARE GOING TO GO TOWARDS THE ITEMS MOST LIKELY ON THE LEFT.
>> NO. THESE ITEMS ALREADY ARE FUNDED.
THIS IS WHAT RIGHT NOW, SO JUST IN THESE THREE PROJECTS IN THE 2022 BOND, WE WILL HAVE 5.5 MILLION ON THESE THREE PROJECTS.
THESE ARE THE PROJECTS THAT HAVE FUNDED.
THESE ARE ALREADY FUNDED, AND THE MONEY'S THERE, BUT IT'S DIFFERENT MONEY.
WE WERE JUST TRYING TO SHOW YOU THAT RIGHT NOW ON THREE PROJECTS, WE HAVE 5.5 MILLION THAT CAN GO FOR OTHER PROJECTS.
THE GREAT THING ABOUT THE WAY OUR BONDS TYPICALLY WORK, AND I THINK MR. NEVIN HELPING US SAVE MONEY IS THAT WE CAN DO MORE WITH THE BONDS THAN WE EVER ANTICIPATED.
WE DO ALSO HAVE SOME DEMOLITIONS THAT WILL BE COMING UP POSSIBLY THAT WILL BE UTILIZED AND I DIDN'T PUT THAT ON THE LIST, BUT WE WILL HAVE SOME DEMOLITIONS THAT THE FRANCISCO SCHOOL AND SOME OF THOSE THINGS THAT WE'LL BE BRINGING TO YOU SOON AS WELL THAT WE WILL UTILIZE THESE THINGS FOR SO THAT WE CAN HAVE FURTHER LAND CELLS.
>> NOT NECESSARILY A BUDGETING PROJECT TO TALK ABOUT,
[01:05:01]
YOU DEMOLITION, YOU MENTIONED.THE FRANCISCO, I THINK WE'VE ASSUMED IT'S GOING TO PUT IT ON THE OPEN MARKET AGAIN TO SELL.
IT'S SURROUNDED BY RESIDENTIAL DEVELOPMENT.
STEP ARE WE TAKING TO THAT? WE HAVE TO DECLARE IT'S NOT USED ALL THIS SO.
>> I DON'T THINK WE'VE ASSUMED THAT OR DISCUSSED IT FULLY YET, BUT WE CAN.
>> MR. WOOD, I THINK, IN THE PAST, HAS PROVIDED SOME ESTIMATES, BUT WE'VE BEEN IN CONTACT WITH HIM.
HE THINKS IT'S A GREAT PIECE OF LAND THAT WILL GO FOR RESIDENTIAL HOMES.
HE FELT LIKE THAT WAS GOING TO BE A REALLY GOOD PIECE.
HE'S ACTUALLY EVALUATED ALL OF OUR PROPERTIES THAT WE'VE LOOKED AT, AND SO WE'LL BE BRINGING THOSE BACK TO YOU.
WE REALLY DON'T WANT TO DECLARE IT SURPLUS TILL THE BUILDING IS GONE.
IT MIGHT BE BEST THAT WE WAIT ON THAT PARTICULAR ONE, BUT WE WILL IN THE FALL.
WE'D LIKE TO COME AND GET THE DEMOLITION COMPLETED.
ONCE WE GET THE STUDENTS MOVED, THE FIRST THING THAT WILL HAPPEN THIS SUMMER IS THE MODULAR BUILDINGS, WE'LL GET RID OF THOSE SO THAT WE DON'T HAVE TO CONTINUE PAYING RENT ON THOSE BUILDINGS.
THEN ONCE THE STUDENTS ARE OUT, THEN WE WILL COME TO YOU WITH A PACKAGE.
IN FACT, SCOTT AND I JUST TALKED ABOUT THIS LAST WEEK ABOUT TALKING THROUGH THE DEMOLITION OF THE DIFFERENT BUILDINGS.
WE'VE GOT SOME EVALUATION TO DO WITH THE SHANNON BUILDING AND SOME OF THOSE PLACES.
WHAT IS IT ARE WE TAKING DOWN AND HOW IS IT IMPACTING THE INFRASTRUCTURE OF THE REST OF THE BUILDING? THERE'LL BE SOME EVALUATION THAT WE HAVE TO DO IN ASBESTOS ABATEMENT, I'M SURE.
>> THAT'S A QUESTION I PROBABLY GET ASKED MORE THAN ANYTHING. WHAT ARE YOU GOING TO DO WITH SHANNON? WHAT ARE YOU GOING TO DO WITH SHANNON HIGH SCHOOL? I SAID, WE REALLY HAVEN'T DISCUSSED IT YET.
MAYBE WE NEED TO FIND SOME TIME ANOTHER WORKSHOP SETTING TO LOOK AT SOME LONG-RANGE PLANNING OF WHAT ARE WE GOING TO DO WITH THAT.
MIGHT BE SOMETIME APPROPRIATE THE NEXT SIX MONTHS OR SO.
>> MR. TOLBER, DO YOU HAVE SOME THE LONG RANGE? PLANNING COMMITTEE? YOU DON'T HAVE ANYTHING.
THE DISCUSSIONS THAT REALLY CAN'T HAPPEN UNTIL THE FALL.
SO AT THAT POINT, WE'LL NEED TO DECIDE WHAT WE'RE GOING TO DO.
HOW WE'RE GOING TO DISCUSS IT.
>> IF YOU'D LIKE, WE'D LOVE TO BRING YOU A RECOMMENDATION, IF THAT'S ALL RIGHT WITH YOU, OF WHAT WE WOULD LIKE TO SEE HAPPEN TO THE BUILDING.
>> YES, SIR, THE SHANNON HIGH SCHOOL PORTION.
SINCE WE WERE NOT ABLE TO RENOVATE.
>> WE'RE STILL GOING TO KEEP DAEP THERE AND SOME OTHER DEPARTMENTS ARE SUBS HOUSED IN THAT BUILDING.
YOU'RE SAYING YOU NEED TO ANALYZE WHICH ONES YOU CAN POSSIBLY REMOVE.
>> BASED ON THE INFRASTRUCTURE, BECAUSE IT'S A LITTLE BIT MESSY UP THERE WITH ALL THE THINGS THAT HAVE HAPPENED OVER THE 60, 70 YEARS.
BUT THAT'S WHAT WE'LL BE WORKING.
SCOTT AND WITH IRENE TO TRY TO IDENTIFY WITH DOCTOR STENSON, WHAT PORTIONS OF THAT BUILDING CAN WE DO DEMOLITION ON BECAUSE WE CANNOT UPDATE THOSE BUILDINGS.
>> MIGHT BE A WHOLE WORKSHOP BY ITSELF WITH IRENE, GIVE US AN UPDATE OF FACILITIES.
WHAT THEY ARE RECOMMENDING TO TEAR DOWN.
THIS COULD BE THE NEXT BOND ISSUE, THIS COULD BE THE NEXT BOND ISSUE OR WHATEVER.
>> MAYBE AN EVALUATION OF POTENTIALLY MOVING DAEP AND THE OTHERS FUTURE.
>> TO DIFFERENT LOCATIONS EVEN THERE.
>> WOULD YOU ALL LIKE TO DO THAT WAIT TILL THE FALL ONCE WE GET EVERYBODY IN THEIR BUILDINGS?
>> I THINK THAT'S A GOOD PLAN.
>> THAT WOULD ALLOW IRENE SOME TIME AND SCOTT.
WE WANT HIM TO FOCUS ON THOSE ROOFS RIGHT NOW, DON'T WE? IF THAT'S OKAY.
>> GET THEM OF, GET SCHOOL STARTED AGAIN, THEN WE'LL.
>> I APPRECIATE THAT VERY MUCH. THANK YOU.
>> MR. CONC, DID YOU WANT TO ADD SOMETHING?
>> WELL, JUST THINKING LONG-TERM.
OBVIOUSLY, SINCE OUR ENROLLMENT DROPS HAVEN'T REALLY HAPPENED, THANK GOD, WE HAVEN'T HAD TO MAKE HAVEN'T BEEN DISCUSSING SOME OF THE THINGS THAT FROM OUR NEIGHBORING DISTRICTS ARE DISCUSSING.
BUT IT'S INEVITABLE THAT WE'RE GOING TO HAVE SOME ENROLLMENT DROPS.
WE WANT TO NOT JUST SIT HERE AS A BOARD AND MAKE DECISIONS.
WE WANT TO GET A LOT OF COMMUNITY INPUT.
WHAT'S THE CURRENT PLAN DO WE THINK AS FAR AS DISCUSSING THESE ENROLLMENT DRAWS? WE LOSE 1,000 KIDS.
THAT'S HALF A HIGH SCHOOL, THAT'S A MIDDLE SCHOOL, AND A HALF, THAT'S TWO ELEMENTARIES.
I MEAN, THAT'S SIGNIFICANT IN THE FUTURE, THAT WE'RE GOING TO HAVE TO TALK ABOUT AT SOME POINT.
BUT I DON'T KNOW WHEN THAT'S GOING TO OCCUR.
DO WE WANT TO START THAT PROCESS SOON? I DON'T KNOW.
>> YEAH. SO GREAT INPUT AND GREAT QUESTION, AND WE'VE BEEN CONTEMPLATING THAT INTERNALLY AS WELL.
WE DO THINK THAT GIVEN THE LEGISLATIVE LANDSCAPE, THE DEMOGRAPHIC LANDSCAPE, AND THE STATISTICS, NOT ONLY REGIONALLY AND EVEN WITHIN THE METROPLEX BUT ALSO STATEWIDE, THAT IT IS TIME TO HAVE THOSE DISCUSSIONS.
I THINK THAT MR. TEMPLETON THAT WAS HERE TONIGHT CAN
[01:10:02]
COME AND HELP US IN COMMUNITY FORUM, IF YOU WILL.IN FACT, THIS AFTERNOON, WE WERE JUST TALKING ABOUT SOME INFORMATIONAL MEETINGS AND DISCUSSING TOPICS WITH MR. THOMAS AND WHAT THAT AGENDA MIGHT LOOK LIKE AND WHEN THAT MIGHT BE.
WE DO FEEL LIKE, OF COURSE, I HATE TO JUST DROP THIS OUT HERE BECAUSE I HAVEN'T HAD A CHANCE TO DISCUSS IT WITH YOU.
BUT WE DO FEEL LIKE PROBABLY WITHIN THE NEXT COUPLE OF MONTHS WOULD BE AN OPPORTUNE TIME.
WE WOULD LIKE TO HAVE DISCUSSIONS AND INPUT FROM THE COMMUNITY GOING INTO THE SUMMER.
IF YOU'LL GIVE US AN OPPORTUNITY, WE'LL COME BACK WITH A RECOMMENDATION TO YOU IN THE NEXT HOPEFULLY BY THE FEBRUARY BOARD MEETING.
I THINK THAT IS IT THE 27TH? YEAH. I WOULD LIKE TO HAVE A RECOMMENDATION TO YOU BY THE 27TH OF WHAT THAT MIGHT LOOK LIKE.
>> PERFECT TIMING. OKAY. ANY QUESTIONS?
>> I GUESS WE'RE DONE THEN. OUR NEXT MEETING IS
[G. FUTURE BOARD MEETINGS]
OUR REGULAR MEETING ON THURSDAY, FEBRUARY 27, 2025.IN THE ADMINISTRATION BUILDING BOARD ROOM, CLOSED SESSION WILL BEGIN AT 5:30 P.M. WE WILL RECONVENE INTO OPEN SESSION AT 7:00 P.M. AS WE HAVE NO FURTHER BUSINESS, THIS MEETING IS ADJOURNED AT 7:35.
* This transcript was compiled from uncorrected Closed Captioning.