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[00:00:05]

ALOHA AND GOOD EVENING AND WELCOME TO THE SPECIAL MEETING OF THE FERNDALE SCHOOL BOARD.

THANK YOU FOR JOINING US, WHETHER LIVE OR ONLINE.

YOU MAY NOTE THAT OUR ATTIRE IS A LITTLE MORE CASUAL THIS EVENING AS WE EMBRACE A HAWAIIAN THEME FOR OUR JULY MEETING.

THE PURPOSE OF THIS SPECIAL. TONIGHT'S SPECIAL MEETING IS TO RECEIVE COMMENT ON THE PROPOSED 2026-2027 DISTRICT BUDGET.

A COUPLE OF QUICK HOUSEKEEPING ITEMS. IN THE EVENT OF AN EMERGENCY, PLEASE KNOW THAT THE SAME DOORS YOU CAME IN ARE THE EXITS OUT OF THE ROOM.

AND IF YOU NEED THE BATHROOMS, THEY'RE OUT THE EXIT DOOR, UP THE RAMP AND TO YOUR LEFT.

WITH THAT, WE'LL MOVE FORWARD WITH TONIGHT'S SPECIAL MEETING, WHICH THE FIRST ITEM IS ADOPTING THE AGENDA.

[2. ADOPTION OF AGENDA]

SO IF THERE IS A MOTION TO ADOPT IT AS STATED OR ANY CHANGES THAT NEED TO BE MADE? I MOVE TO ADOPT THE AGENDA. AGENDA [LAUGHTER].

AS PRESENTED. THANK YOU, PEGGY. IT HAS BEEN MOVED THAT WE ADOPT THE AGENDA AS PRESENTED.

ALL THOSE IN FAVOR SIGNIFY BY SAYING AYE. AYE.

ALL OPPOSED? SORRY, NANCY. I GOTTA GIVE YOU YOUR DELAY.

I SAW YOUR BACKGROUND. WE'LL TRY NOT TO [INAUDIBLE] SO THAT WE'RE NOT ALL JEALOUS BECAUSE IT LOOKS LIKE YOU'RE ALMOST IN HAWAII.

SO THE AGENDA HAS BEEN ADOPTED AS PRESENTED. AND WITH THAT, WE WILL MOVE ON TO ITEM 3.01,

[3. PUBLIC COMMENT]

WHICH IS TO RECEIVE PUBLIC COMMENT REGARDING THE PROPOSED 2026-2027 DISTRICT BUDGET.

CHRIS, DO WE HAVE ANYONE SIGNED UP TO MAKE COMMENT? OKAY. MARK AND HOLLY, WOULD YOU GUYS LIKE TO GIVE US AN EARLY RENDITION OF THE BUDGET? OF COURSE. OKAY. SO FOR THE SCREEN TO CATCH UP. THERE WE GO. SO THIS IS OUR PUBLIC HEARING OF THE 26-27 BUDGET.

NO PUBLIC COMMENT, SO I CAN SKIP PAST THAT. OKAY.

SO WE PREPARED THE 26-27 BUDGET TO INCORPORATE THE STRATEGIC PLAN AND ALSO THE BOARD PRIORITIES.

THE PROCESS WE USED WAS TRANSPARENT AND COLLABORATIVE WITH PEOPLE THROUGHOUT THE DISTRICT, ALL DIFFERENT STAKEHOLDERS. AND THE BOARD WAS KEPT UP TO DATE ON THE BUDGET PROCESS.

THIS NEXT SLIDE SHOWS ALL THE TIMES WE TALKED ABOUT BUDGET OR FINANCE AT BOARD MEETINGS.

KIND OF THE HIGHLIGHTS ARE IN DECEMBER, WE ASKED THE BOARD TO COMPLETE A SURVEY REGARDING THE 26-27 BUDGET.

AND THEN WE PRESENTED THOSE RESULTS AT THE STUDY SESSION IN JANUARY.

AND THEN EVERY MONTH WE'VE DONE A, YOU KNOW, A BUDGET FINANCE UPDATE.

AND THERE'S ALSO ALWAYS FINANCIAL STATEMENTS IN BOARD DOCS FOR YOU TO REVIEW EVERY MONTH.

AND AS I GO THROUGH THE SLIDES, IF THERE'S ANY QUESTIONS, PLEASE INTERRUPT AND ASK YOUR QUESTIONS.

OKAY. PEGGY HAS A QUESTION. I DIDN'T GET A CHANCE TO ASK YOU THIS.

I WAS WONDERING BECAUSE. OKAY, SO YOU SAID THAT OSPI MADE A FEW CHANGES.

MINOR CHANGES. WHAT WERE THOSE? BECAUSE I JUST GRABBED THAT ONE AND.

RIGHT. THERE WERE JUST A FEW. PROBABLY THE BIGGEST THING WAS THE FOOD COST.

SHE NOTICED THERE'S A, YOU KNOW, OUR ACCOUNT CODES ARE VERY SPECIFIC.

AND LORI AT THE ESD HAD NOTICED THAT OUR FOOD COSTS WERE BUDGETED LOWER THAN WHAT THEY WERE THIS YEAR.

SO I UPPED THAT BECAUSE OF INFLATION THEY HAVE GONE UP.

SO THAT WAS PROBABLY THE, THE BIGGEST THING. THERE WERE A COUPLE MISCLASSIFICATIONS OF FUND BALANCE.

THERE'S DIFFERENT ACCOUNTS IN, I THINK THE CAPITAL PROJECTS FUND.

AND FOR THE MOST PART IT WAS. IT WAS JUST QUESTIONS LIKE.

JUST LIKE THIS. LIKE THE DIFFERENT ACTIVITY CODES, LIKE THIS ONE WAS MORE THAN THE LAST YEAR, YOU KNOW, AND THEN ASKED FOR THE EXPLANATIONS AND EVERYTHING WAS THINGS THAT WE EXPECTED TO HAPPEN.

OKAY. THANK YOU. BECAUSE I DIDN'T REALLY COMPARE THOSE TWO.

I JUST TOOK THE FINAL ONE AND. YEAH. THANKS. ALL RIGHT.

SO I'LL JUST FIRST OF ALL, I WANT TO THANK THE, THE TEAM, THE STAFF, THE ADMINISTRATORS, THE WORK THEY HAVE DONE AROUND BEING FISCALLY RESPONSIBLE AND DILIGENT HAS BEEN AMAZING.

AND OUR ADMIN TEAM HAS BEEN INCREDIBLE ABOUT JUST REALLY, YOU KNOW, WE, WE CALL IT, WE'RE EATING FROM THE PANTRY.

AND I SEE THAT'S GOING TO BE THE PHRASE THAT WE'RE GOING TO USE INTO THE FUTURE.

AS I'M HEARING THE REMARKS COMING OUT OF OLYMPIA REGARDING THE STATE BUDGET NEXT YEAR, AND MUCH OF WHAT IF I WAS TO GIVE THEM ADVICE,

[00:05:09]

IF THEY WERE TO ASK MUCH OF WHAT WE'VE DONE HERE IN FERNDALE ABOUT REEVALUATING EVERYTHING, LOOKING AT OUR DATA TO SAY WHAT'S MAKING THE BIGGEST DIFFERENCE? WHAT THINGS CAN WE DO THAT ARE NO COST, LOW COST? AND, YOU KNOW, WE ARE STILL PROVIDING WHAT I CONSIDER TO BE A VERY HIGH QUALITY EXPERIENCE FOR STUDENTS AND EDUCATION.

EVEN IN THESE FINANCIAL TIMES, I'VE BEEN HERE 4 YEARS AND WE'VE HAD TO MAKE SIGNIFICANT CUTS EVERY SINGLE YEAR THAT I'VE BEEN HERE.

AND YOU GOT THE EMAIL A COUPLE WEEKS AGO THAT EVEN THOUGH IN MAY THEY'RE TELLING US INSURANCE WILL NOT GO UP JULY, SORRY, WE MISCALCULATED. IT'S GOING UP. AND SO IT'S JUST THE RISING COST OF BUSINESS.

HAS BEEN, HAS BEEN INCREDIBLE. BUT WE'RE DOING INCREDIBLE THINGS.

AND I'M. I'M PROUD. AND I THANK THE BOARD FOR THEIR CLARITY THAT THEY WANT US TO FOCUS ON CONTINUING TO HAVE A HEALTHY FUND BALANCE BECAUSE WE'VE TAKEN THAT VERY SERIOUSLY AND IT'S HAPPENING. AND SO I DO LOOK AHEAD AND I THINK WE NEED TO BE READY, NOT JUST US, BUT OUR COMMUNITY ABOUT ADVOCATING FOR CHANGE IN FUNDING EDUCATION FOR CHILDREN.

RIGHT NOW, I BELIEVE OUR STATE IS VERY INVOLVED IN REACTIONARY SPENDING AND THAT'S A VERY EXPENSIVE ENDEAVOR AND WILL NEVER CATCH UP.

AND SO I'M HOPING THAT WE'LL BE ABLE TO CONTINUE TO EDUCATE OURSELVES, BUT ALSO OUR COMMUNITY ON WHAT IT NEEDS TO HAPPEN DOWN IN OLYMPIA.

AND, AND FRANKLY MY ASK IS GOING TO BE ANY LEGISLATOR VOTES NO UNTIL EDUCATION IS FUNDED AT A LEVEL THAT IT NEEDS TO BE FUNDED.

SO WE WILL SEE. BUT I JUST THINK THE BOARD FOR THEIR CLARITY AND MY TEAM FOR JUST ALL THE WORK THAT THEY'VE BEEN DOING.

PEGGY. YEAH. I WAS WONDERING ABOUT THE INSURANCE THING BECAUSE, YOU KNOW, WE GOT THAT EMAIL, BUT THEY DIDN'T ATTACH A NUMBER TO IT. AND I WAS WONDERING IF LOOKING AT THE MSOC DISCLOSURE, IF THAT AMOUNT CAME IN AND IF THAT WAS INCLUDED IN THAT.

YES. YEAH. WE, WE KIND OF SHOT HIGH ON INSURANCE BECAUSE THERE'S SO MUCH UNCERTAINTY AND IT'S GONE UP SO MUCH OVER THE PAST FEW YEARS.

SO YES, THAT'S INCLUDED. AND I THINK THAT'S THE KIND OF WORK THAT THE TEAM IS ENGAGING IN IS NOT JUST THINKING IN THE MOMENT, BUT THINKING AHEAD AND PLANNING FOR WHAT COULD BE, YOU KNOW, THERE'S A PLAN A, B, C, AND D AND THAT'S BEEN, THAT'S BEEN INCREDIBLE IN TERMS OF WHAT WE'VE BEEN ABLE TO DO SO.

OKAY, SO WE'RE GOING TO REVIEW THE 26-27 BUDGET.

JUST A REMINDER, THE OFFICIAL DOCUMENT THAT THE STATE, THE FORMAT THAT WE'RE REQUIRED TO SUBMIT IT TO THE STATE IS CALLED THE F-195, AND IT INCLUDES THE F-195F, WHICH IS A FOUR-YEAR PROJECTION, AND THE F-203, WHICH IS THE REVENUE PROJECTION.

WE ALSO HAVE THE MSOC DISCLOSURE TOOL THAT WE'RE REQUIRED TO PRESENT.

AND THEN WE ALSO DO WHAT WE CALL THE CITIZEN'S BUDGET.

IT'S NOT REQUIRED, BUT IT'S JUST A MORE USER FRIENDLY FORMAT AND JUST KIND OF BREAKS DOWN THE 220 PAGES OF THE F-195 INTO KIND OF A MORE DIGESTIBLE FORM. SO THIS IS ONE OF THE PAGES OF THE F-195.

AND THIS SUMMARIZES, IT'S KIND OF A VERY HIGH LEVEL SUMMARY OF THE FIVE DIFFERENT FUNDS.

SO YOU'LL SEE FIRST COLUMN IS GENERAL FUND, THEN THE ASB FUND, DEBT SERVICE, CAPITAL PROJECTS AND TRANSPORTATION VEHICLE FUND.

SO JUST KIND OF AN EXAMPLE OF WHAT THE F-195 LOOKS LIKE.

AND I'LL GO THROUGH THESE IN THE NEXT, I THINK FOUR SLIDES.

I'LL DO THE KIND OF THE SUPPLEMENTAL FUNDS, NOT THE GENERAL FUND.

I'M GOING TO GO THROUGH THEM RATHER FAST, BUT PLEASE STOP ME IF YOU HAVE ANY QUESTIONS.

THE FIRST IS THE CAPITAL PROJECTS FUND. THIS IS FOR ACQUISITION OF LAND, BUILDINGS CONSTRUCTION, JUST KIND OF MAJOR PURCHASES RELATED TO BUILDINGS.

IT'S GENERALLY FUNDED FROM THE SALE OF VOTER APPROVED BONDS.

AND WE ALSO GET SOME STATE MATCHING FUNDS A LOT OF TIMES.

SO OUR PROJECTED BEGINNING FUND BALANCE IS $3.8 MILLION.

AND YOU CAN SEE OUR EXPECTED REVENUES AND EXPENDITURES, REVENUES GENERALLY FROM INTEREST ON THIS FUND AS WELL AS IMPACT FEES EXPENDITURES.

WE DON'T HAVE ANY PLANNED EXPENDITURES RIGHT NOW IN THIS FUND, BUT WE ALWAYS BUDGET SOMETHING JUST IN CASE, YOU KNOW, A BOILER BLOWS UP OR SOMETHING, YOU KNOW, A ROOF FAILS OR SOMETHING.

SO OUR ENDING FUND BALANCE AT THE END OF 2027 IS $3.1 MILLION, $3.2 MILLION ACTUALLY, THE DEBT SERVICE FUND.

THIS IS JUST STRICTLY JUST USED TO SERVICE THE BONDS.

SO OUR BEGINNING FUND BALANCE IS $4.6 MILLION.

[00:10:03]

REVENUE COMES IN IN THE FORM OF THE TAX LEVY.

EXPENDITURES ARE JUST THE SCHEDULED PAYMENTS OF PRINCIPAL AND INTEREST ON THOSE BONDS.

SO OUR ENDING FUND BALANCE AT THE END OF THE YEAR WILL BE $4.8 MILLION.

THE ASB FUND THIS IS A SPECIAL REVENUE FUND THAT THE STUDENTS HAVE A VOICE IN HOW THIS MONEY IS SPENT.

OUR BEGINNING FUND BALANCE IS $925,000. WE HAVE PROJECTED REVENUES OF $1.1 MILLION EXPENDITURES OF ABOUT $1.2 MILLION.

AND THE ENDING PROJECTED FUND BALANCE IS $788,000.

AND THE LAST ONE OF THESE, THE FOUR OTHER FUNDS ARE.

IS A TRANSPORTATION VEHICLE FUNDS. THIS IS LIMITED TO JUST PURCHASING SCHOOL BUSSES OR DOING MAJOR REPAIRS ON SCHOOL BUSSES.

THE BEGINNING FUND BALANCE IS $135,000. THE REVENUE COMES IN THE FORM OF DEPRECIATION FROM THE STATE DEPRECIATION ON THE BUSSES THAT WE ALREADY HAVE THAT ARE IN SERVICE.

SO REVENUE IS 108 OR $807,000. EXPENDITURES OF $1.45 MILLION WITH AN ENDING FUND BALANCE OF $192,000. AND WE ALWAYS PROJECT THAT WE'RE GOING TO SPEND ALL OF THIS BECAUSE IT'S JUST THE WAY TRANSPORTATION VEHICLE FUNDS WORK IN THE STATE OF WASHINGTON IS WE HAVE TO SPEND THE MONEY TO BUY NEW BUSSES IN ORDER TO GENERATE REVENUE IN THE FORM OF DEPRECIATION.

SO IT'S KIND OF A INTERESTING SYSTEM. AND NOW WE'LL JUMP RIGHT INTO THE GENERAL FUND.

ANY QUESTIONS ON THE OTHER FUNDS? I'M JUST GOING TO GO THROUGH THE CITIZENS BUDGET, THE KIND OF THE SUPPLEMENTAL REPORT THAT WE PREPARE. SO COVER PAGE AND TABLE OF CONTENTS.

AND THEN THERE'S AN EXPLANATION OF THE THE DIFFERENT FUNDS.

AND THEN THIS SHOWS OUR PROJECTED FUND BALANCE FOR WHAT WE'RE EXPECTING TO BEGIN THE YEAR.

SO WE THINK WE'LL HAVE $8.5 MILLION IS WHAT WE'RE PROJECTING.

IT COULD BE A LITTLE HIGHER BECAUSE WE'RE GETTING SOME SAFETY NET AND WE'RE, WE'VE GOT I CAN'T REMEMBER THE EXACT TERM OF.

ANYWAY, WE'RE PROJECTED TO GET SOME SAFETY NET.

SO THAT COULD BE HIGHER THAN $8.5 MILLION. BUT THAT'S WHAT WE'RE BUDGETING.

OUR BUDGETED REVENUES ARE $94 MILLION. OUR BUDGETED EXPENDITURES ARE ABOUT $97 MILLION BECAUSE WE'RE USING SOME OF THE REVENUE THAT WE'RE GETTING THIS YEAR, NEXT YEAR. SO OUR EXPENDITURES ARE ABOUT 3 OR $3.4 MILLION HIGHER THAN OUR REVENUES FOR 26-27.

AND THEN SO OUR ENDING FUND BALANCE FOR NEXT YEAR IS $5.1 MILLION.

PROJECTED. THIS IS ENROLLMENT. IT SHOWS FOR THE LAST SINCE 2020.

2020-21 SCHOOL YEAR. SO THIS IS FOR THE LAST SEVEN YEARS.

AND WE ARE PROJECTING A DECLINE IN ENROLLMENT BECAUSE IT HAS BEEN DECLINING SLIGHTLY.

THIS SLIDE SHOWS THE BUDGETED REVENUES BY SOURCE.

SO AT THE TOP YOU CAN SEE IT'S PROBABLY PRETTY HARD TO READ.

MAYBE THE GRAPH IS BETTER. BASIC. OUR STATE REVENUES REPRESENT ABOUT 72.3% OF THE REVENUES WE RECEIVE.

OUR LEVY FUNDS ARE ABOUT 16.4%. FEDERAL REVENUES REPRESENT ABOUT 5.6%, AND LOCAL NON TAX AND OTHER REVENUES REPRESENT ABOUT 5.6.

THIS SHOWS A BREAKDOWN OF ALL THE DIFFERENT REVENUE SOURCES.

AND AS YOU CAN SEE, THEY ALL HAVE A DIFFERENT CODE AND THERE'S A LOT OF DETAIL ON THIS.

I WON'T GET TOO INTO THE WEEDS HERE, BUT IT WAS ALL SUMMARIZED ON THAT FIRST SLIDE THAT I JUST SHOWED.

AND I SHOULD SAY THESE REPORTS ARE IN BOARD DOCS.

SO IF YOU WANT TO LOOK AT THE DETAIL, THIS IS JUST THE SECOND PAGE OF THE DETAIL OF THE REVENUES.

AND THEN WE SHOW EXPENDITURES KIND OF IN THREE DIFFERENT TYPES.

WE LOOK AT IT KIND OF THREE DIFFERENT WAYS. SO THE FIRST ONE IS BY MAJOR PROGRAM.

AND THAT'S I THINK A PROGRAM CAN BE KIND OF BEST DESCRIBED AS A TYPE OF SERVICE.

SO WE HAVE BASIC EDUCATION, SPECIAL EDUCATION, FEDERAL PROGRAMS, WHICH THAT'S HOW WE PROVIDE SUPPLEMENTAL SERVICES STATE CATEGORICAL PROGRAMS AND THEN OTHER SERVICES. SO THEY'RE KIND OF BROKEN DOWN IN THAT WAY.

AND YOU CAN SEE THE BIGGEST PORTION OF WHEN YOU LOOK AT IT THIS WAY, IS OUR BASIC EDUCATION, WHICH IS 67%. AND THEN HERE'S A BREAKDOWN OF THE EXPENDITURES BY PROGRAM CODE.

[00:15:01]

AGAIN, A LOT OF DETAIL HERE. THE NEXT WAY WE LOOK AT IT BY MAJOR ACTIVITY AND THE ACTIVITY BEING TEACHING, TEACHING SUPPORT, OPERATIONS, ADMINISTRATION AND PRINCIPAL'S OFFICE.

AND THESE ARE THE CODES THAT WE'RE TALKING ABOUT ARE ALL STATE MANDATED CODES.

SO THOSE THE STATE KIND OF TELLS US HOW TO BREAK THINGS DOWN.

SO AGAIN TEACHING IS THE LARGEST PORTION 61.3%.

AND THEN THE LAST WAY WE LOOK AT IT IS BY OBJECT.

AND THE DIFFERENT TYPES OF OBJECT ARE CERTIFICATED SALARIES, CLASSIFIED SALARIES, SUPPLIES, BENEFITS. I FORGOT THAT ONE. PURCHASE SERVICES, TRAVEL AND CAPITAL OUTLAY.

SO JUST KIND OF A DIFFERENT WAY OF LOOKING AT THINGS.

AND CERTIFICATED SALARIES MAKE UP 41.1%. CLASSIFIED SALARIES MAKE UP 18.5% AND BENEFITS 21.3.

SO THIS REALLY DEMONSTRATES THAT THE MAJORITY OF OUR EXPENDITURES ARE SALARIES AND BENEFITS.

PEGGY. YES. SO LAST YEAR, OR I KNOW, YOU KNOW, IN AN ATTEMPT TO LIKE, YOU KNOW, CUT UNNECESSARY EXPENSES, YOU LIMITED TRAVEL, BUT I SEE THAT THE TRAVEL HAS GONE UP.

WHAT IS THE REASON FOR THAT? LIKE FOR CERTIFICATION OR SO THAT'S INCLUDED IN THAT TRAVEL.

SO IT WOULD INCLUDE ANY OF THAT TRAVEL. IT WOULD INCLUDE THE BOARD TRAVEL.

IT WOULD INCLUDE ANY MILEAGE THAT. BECAUSE WE'RE REQUIRED TO PAY MILEAGE IF PEOPLE USE THEIR OWN VEHICLE.

SO THAT'S INCLUDED IN THERE TOO. SO IT'S FAIRLY MINIMAL.

SO IT WENT UP SLIGHTLY. WELL, YEAH. YEAH. SO AGAIN, IT'S A BUDGET. IT'S AN ESTIMATE. SO IT DOESN'T MEAN WE HAVE TO SPEND ALL OF THAT. SO WE'RE CONTINUE TO BE REALLY FRUGAL AND [INAUDIBLE].

THE SAME GUIDELINES ARE IN PLACE. SO LIKE HOLLY SAID, UNLESS IT'S REQUIRED AS PART OF YOUR JOB OR IF IT'S FULLY FUNDED THROUGH AN OUTSIDE SOURCE. AND ALSO, YOU KNOW, BECAUSE IT IS MILEAGE, FUEL IS A LOT.

MILEAGE RATES HAVE GONE UP. SO INFLATION AFFECTS THAT NUMBER.

AND THEN OUR EXPLAIN THE MSOC DISCLOSURE TOOL.

SO THIS IS JUST A TOOL TO SHOW THAT WE'RE SPENDING ALL OF THE MSOC MONEY THAT THE STATE GIVES US.

SO OUR MSOC ALLOCATION IS $6,139,000 AND 61 39 164 AND WE'RE BUDGETED TO SPEND $13,184,865. SO THERE'S A DEFICIT OF OVER $7 MILLION THAT THE STATE DOESN'T FUND. SORRY. SO AND A QUESTION ON THAT. SO THEN THAT WOULD COME OUT OF LOCAL LEVY MONEY THEN? LOCAL LEVY MONEY OR OTHER SOURCES.

SO IF WE'RE GETTING $16 MILLION, IS IT FOR NEXT.

OR IS THAT. YEAH. FOR NEXT YEAR AS FAR AS LEVY MONEY GOES.

SO THAT WOULD LEAVE US AROUND. YEAH. THERE'S OTHER.

AND SO IT'S NOT JUST LEVY, BUT YEAH. AND THEN THE FOUR-YEAR PROJECTION. I'M JUST SHOWING THE GENERAL FUND.

WE DO THESE FOR ALL THE FUNDS. SO LIKE I SAID BEFORE, IT'S AT THE END OF THE F-195, THAT BIG DOCUMENT.

SO WE ESTIMATED OUR ENROLLMENT FLAT FOR THE NEXT FOUR YEARS, MEANING NO INCREASE IN OUR REVENUES AND EXPENDITURES. WE DID INCREASE BY A SLIGHT AMOUNT, EVERYTHING BY A SLIGHT, THE AMOUNT OF LIKE IPD OR INFLATION. WE DID INCREASE THE LEVY, THE PROJECTED LEVY AMOUNTS BECAUSE WE WILL BE RUNNING A NEW LEVY STARTING IN THE 28-29 SCHOOL YEAR. AND THEN BY THE END OF HERE ARE THE FUND BALANCES THAT WE'RE PROJECTING, GIVEN THE INCREASE IN LEVY AND THE INCREASE TO EVERYTHING ELSE.

SO IT DOES GO DOWN SLIGHTLY IN 27-28, BUT THEN IT DOES RECOVER AND GO UP GIVEN THAT INCREASED LEVY AND 28-29 AND 29-30. HOLLY? CAN YOU CLARIFY WHAT YOU MEAN AROUND INCREASED LEVY? WE'RE RUNNING A NEW LEVY IN.

[00:20:01]

IT WOULD BE EFFECTIVE DURING THE 28-29 SCHOOL YEAR SO.

20 SO. SO THE CURRENT LEVY THAT WE'RE OPERATING UNDER RIGHT NOW IS A FOUR-YEAR LEVY.

AND IT'S GOT THIS YEAR AND NEXT YEAR. RIGHT. SO.

OKAY. ANY QUESTIONS? PEGGY DOES.

PEGGY. YES. SORRY. THAT'S OKAY. NO, I MEAN, SO YOU GUYS HAVE ALREADY PROJECTED HOW MUCH YOU'RE GOING TO BE AMOUNT DECIDED ON FOR THE LEVY AND. NO? NO, IT'S JUST A IT'S JUST AN EXERCISE, A PROJECTION.

OKAY. YEAH. SO NO, NO DECISIONS HAVE BEEN MADE.

WHEN DO WE START HAVING THAT CONVERSATION ABOUT YOU KNOW, THE 2028-2029 LEVY WHEN DO WE? I THINK USUALLY WE START, IT WOULD BE THIS FALL THAT WE'D START PLANNING FOR THE NEXT LEVY CAMPAIGN.

OKAY. THANK YOU.

SO ANY OTHER QUESTIONS? OKAY. THEN SEEING NONE AND SEEING NO PUBLIC COMMENT, WE'LL GO AHEAD AND ADJOURN OUR SPECIAL MEETING, AND THEN WE WILL RECONVENE IN ABOUT THREE MINUTES WITH OUR REGULAR MEETING.

THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.