GOOD EVENING, I HEREBY CALL TO ORDER THE MAY 13 2021 6:00 P.M. [1.0 Call to Order] [00:00:05] CALL BOARD MEETING BY VIDEO CONFERENCE OF THE CROWLEY ISD BOARD OF TRUSTEES AND CERTIFY THAT WE ARE IN COMPLIANCE WITH THE PROVISIONS OF SECTION 551.041 OF TEXAS GOVERNMENT CODE PURSUANT TO PUBLIC NOTICE OF THIS MEETING AND AS ALLOWED BY THE TEXAS ATTORNEY GENERAL'S ISSUANCE, A TEMPORARY SUSPENSION TO START AN OPEN MEETING LAWS DUE TO THE COVID-19 PANDEMIC. I REQUEST THE OFFICIAL ROLL CALL, PLEASE. MR. KIRCHNER. YES. GOOD EVENING, EVERYONE. TRUSTEE PLACE ONE. NEDRA ROBINSON. PRESENT. THANK YOU. TRUSTEE PLACE TWO, DR. LA TONYA WOODSON-MAYFIELD. PRESENT. THANK YOU. TRUSTEE PLACE THREE, DR. MIA HALL. PRESENT. THANK YOU. TRUSTEE PLACE FOUR, JUNE W. DAVIS. PRESENT. THANK YOU. TRUSTEE PLACE FIVE, RYAN RAY. PRESENT. THANK YOU. TRUSTEE PLACE SIX. GARY GRASSIA. PRESENT. THANK YOU. TRUSTEE PLACE SEVEN, DR. LYNDSAE BENTON. PRESENT. THANK YOU. AND SUPERINTENDENT DR. MICHAEL MCFARLAND. PRESENT. ALL RIGHT, THANK YOU. SO WE WILL MOVE INTO OUR BOARD CELEBRATIONS. [2.0 Board Celebrations] THIS IS AGENDA ITEM 2.0. ARE THERE ANY ITEMS OR ANY COMMENTS OR EXPRESSIONS THAT THE BOARD WOULD LIKE TO SHARE AT THIS TIME? IF NOT, THEN THAT WILL MOVE INTO OUR WON'T MOVE INTO OPEN FORM BECAUSE WE DO NOT HAVE ANY SIGNED UP GUEST TONIGHT. YES SIR. SO I'M SORRY, SORRY FOR INTERRUPTING, BUT I WAS WAITING. SO I DO WANT TO ACKNOWLEDGE A MILESTONE THAT SEVERAL OF YOU, SEVERAL BOARD MEMBERS HAVE ACHIEVED. AND DEFINITELY IS AN HONOR TO BE ABLE TO SERVE ON BOARD WITH WITH FOLKS WHO UNDERSTAND THE IMPORTANCE OF EDUCATION. SO I JUST WANT TO SAY CONGRATULATIONS. AND KIRCH, IF YOU CAN PULL UP THE PICTURE, WE'VE GOT A GREAT SHOT, I BELIEVE, OF DR. HALL AND ALSO DR. BENTON. THAT IS AWESOME. AWESOME THAT YOU ALL THE LEADERS AND ALSO THAT YOU HAVE A PURSUED YOUR DOCTORATES DEGREE, CONGRATULATIONS FOR ACHIEVING IT. SO WE ARE PROUD OF YOU WANT TO SHARE THAT. YOU THINK THEY DESERVE A VIRTUAL HAND CLAP. APPRECIATE IT. ALL RIGHT. THANK YOU, DOC. THANK YOU, TEAM. APPRECIATE IT VERY MUCH. DR. BENTON, DO YOU HAVE ANY COMMENTS? YES, THANK YOU. IT'S BEEN REALLY FUN TO GO ON THAT JOURNEY WITH YOU, DR. HALL. IT WAS IT HAS BEEN REALLY FUN AND THANK YOU FOR [INAUDIBLE] THE TRAIL CAUSE I WAS USUALLY CHASING LYNDSAE. LYNDSAE TURNS ASSIGNMENTS IN EARLY. AND EARLY I TURNED MY ASSIGNMENTS IN JUST BEFORE THE BELL. [LAUGHTER] SHE WAS ALWAYS TROUBLESHOOTED. THERE WAS ALWAYS GOING TO BE A PROBLEM LYNDSAE ALREADY KNEW. SO THANK YOU FOR BEING MY PARTNER IN THIS. MY THOUGHT PARTNER. AND I'LL JUST SAY IT'S BEEN FUN HEARING YOUR STORIES TOGETHER. SO THAT'S BEEN A JOY FOR THE REST OF US AS WELL. SO CONGRATULATIONS TO BOTH OF YOU. THANK YOU, DR. WOODSON-MAYFIELD. OK, SO WE'LL WE'LL MOVE PATH OPEN FOR WE DON'T HAVE ANYONE SIGNED UP TO [4.0 Future Action Item(s)] SPEAK TONIGHT AND MOVE INTO OUR FUTURE ACTION ITEMS. [INAUDIBLE] IN THE INTEREST OF TIME. WE WILL, THOSE THERE WERE TWO FUTURE ACTION ITEMS THAT WE LIKE TO JUST SHARE WITH YOU ALL IN A BOARD UPDATE AND THEN WE'LL BRING THEM BACK FOR ACTION. THEY'RE BOTH ON WE'RE DEALING WITH CURRICULUM ITEMS. WE FEEL LIKE IF YOU COULD READ THE REPORT PRESENTATION AND THEN PROVIDE US ANY QUESTIONS, WE CAN SAVE THAT TIME FOR TONIGHT. SO COULD YOU TELL ME WHICH AGENDA ITEMS THOSE ARE? DR. MCFARLAND. OK, LET ME GO TO THEM. THEY ARE THE THE AGENDA ITEMS FOR ADOPTION OF THE ELA HIGH SCHOOL CURRICULUM AND THEN ALSO THE PRE-AP CURRICULUM AS WELL. OK, SO WE WILL MOVE THEN TO AGENDA ITEM 4.3 TASB BOARD POSITION, REGION 11 CALL FOR NOMINATION. DR. MCFARLAND. MADAM PRESIDENT, BOARD MEMBERS MR. KIRCHNER IS PREPARED TO ADDRESS THIS ITEM. MR. KIRCHNER. YES, THANK YOU, DR. MCFARLAND, DR. HALL AND MEMBERS OF THE BOARD. IN YOUR EXHIBIT THERE IN TASB. YOU WILL SEE HOW THE BOARD HAS BEEN INVITED TO NOMINATE A TRUSTEE FROM THE CROWLEY ISD SCHOOL BOARD FOR THE REGIONAL ELEVEN POSITION DC ON THE TASB BOARD. THIS POSITION IS A THREE-YEAR TERM BEGINNING AT THE CLOSE OF THE '21 CONVENTION AND EXPIRES AFTER THE 2024 CONVENTION. THAT POSITION IS CURRENTLY HELD BY [INAUDIBLE] FROM VALLEY [INAUDIBLE] AND IT SOUNDS LIKE MS. FRENCH HAS INDICATED THAT THEY WILL BE SEEKING REELECTION AND YOU'LL SEE MORE [00:05:03] INFORMATION THERE ABOUT THAT. THE DEADLINE, IF WE'RE GOING TO NOMINATE SOMEONE FOR THE SCHOOL BOARD, IS NO LATER THAN WEDNESDAY, JUNE 30TH. SO THIS IS A FUTURE ACTION ITEM. AND AFTER THIS, AFTER TASB RECEIVES ALL THE NOMINATIONS, THEY WILL OFFER AN OPPORTUNITY FOR THE TRUSTEES TO REVIEW THOSE AND VOTE ON THOSE BETWEEN JULY 3RD AND AUGUST 31ST. I'M AVAILABLE TO ANSWER ANY QUESTIONS IF YOU HAVE THEM. MR. KIRCHNER, WHO SHOULD A BOARD TRUSTEE DIRECT THEIR INTEREST TO IF THEY WOULD LIKE TO BE CONSIDERED FOR NOMINATION? TYPICALLY, THAT COULD EITHER BE MS. [INAUDIBLE] OR MYSELF OR THE BOARD PRESIDENT BETWEEN NOW AND OUR NEXT BOARD MEETING. THEN, WE WOULD TAKE ACTION ON THIS. AND SO IT'S WHICHEVER THOSE YOU PREFER. OK, SO IF YOU WOULD LIKE TO BE CONSIDERED, PLEASE JUST LET MYSELF KNOW OR MS. [INAUDIBLE]. ALL RIGHT. THANK YOU, MR. KIRCHNER. THIS NOW MOVES AS TO AGENDA ITEM 4.4 POSSIBLE AMENDMENT TO THE DISTRICT OF INNOVATION PLANTS OFFERING AN ALTERNATIVE HEALTH INSURANCE PLAN TO EMPLOYEES. DR. MCFARLAND. MADAM PRESIDENT AND BOARD MEMBERS MS. STACY. ADRIAN WILL REPORT ON THIS AGENDA ITEM. THANK YOU, DR. MCFARLAND, DR. HALL AND MEMBERS OF THE BOARD TONIGHT. I WOULD JUST LIKE TO BRING INFORMATION TO YOU THAT WE ARE PURSUING FOR OUR EMPLOYEES BECAUSE WE ARE A DISTRICT OF INNOVATION. IF WE AMEND OUR ORIGINAL DOCUMENTATION, IF WE INCLUDE THE STATEMENT THAT WE SEEK TO OBTAIN BROADER EXEMPTION, WHICH PRECLUDES A SCHOOL DISTRICT FROM PROVIDING AN ALTERNATIVE UNIFORM GROUP, HEALTH INSURANCE, WE NEED TO AMEND THAT AT THE MAY 27TH BOARD MEETING IF WE WANT TO PURSUE THIS. AND WHAT WE'RE DOING IS WE ARE PURSUING ALTERNATIVE HEALTH CARE PLANS. WE WERE APPROACHED BY TWO DIFFERENT TPAS AND WE ARE NOT DOING AWAY WITH TRS ACTIVE CARE. BUT THIS WOULD BE IN ADDITION TO THE OPTIONS THAT TRS WILL PRESENT TO US AS WELL. AGAIN, IT'S WE'RE NOT DOING AWAY WITH TRS, BUT IT WOULD GIVE OUR EMPLOYEES AT LEAST TWO OTHER PLANS TO LOOK AT. IT LOOKS LIKE THE SAVINGS ARE IN THE PREMIUMS. BUT, YOU KNOW, ANY TIME YOU DEAL WITH INSURANCE, IF THE PREMIUMS GO DOWN, THE DEDUCTIBLES MAY GO UP. BUT THERE ARE OTHER ADVANTAGES. AND SOME OF THESE PLANS, LIKE THERE ARE MORE NATIONWIDE COVERAGE INSTEAD OF JUST STATE WIDE COVERAGE, WE FORM THE INSURANCE COMMITTEE AND THEY THOUGHT THIS WAS VERY FAVORABLE AND THERE WOULD BE NO COST TO THE DISTRICT EXCEPT FOR THE FACT THAT IF MORE OF OUR EMPLOYEES ARE TO JOIN A PLAN THROUGH CISD, WE OBVIOUSLY WOULD PAY OUR 225,000 DOLLARS A MONTH FOR THAT NEW WELL, FOR ALL EMPLOYEES. THE ONLY THING THAT WE WOULD HAVE TO DO IS AMEND THE DISTRICT OF INNOVATION DOCUMENT. BUT JUST TO LET YOU KNOW, TRS RUMOR HAS IT THAT TRS IS TRYING TO CLOSE THIS LOOPHOLE, BUT APPARENTLY THEY'VE BEEN TRYING TO DO IT FOR A COUPLE OF YEARS AND HAVE NOT BEEN SUCCESSFUL. AND THE HIGHEST SAVINGS ARE COMPARING THE TRS, THE HIGH PLAN COMPARED TO THESE OTHER PLANS. BUT THERE ARE SAVINGS ON EVERY PLAN IN ON THE PREMIUM SIDE. SO WHAT WE WOULD HAVE TO DO WITH THE NEXT STEPS ARE. I'M SORRY. I SKIPPED A SLIDE. SO YOU HAVE THE TWO ADDITIONAL PLANS WE'RE LOOKING AT. ONE IS AETNA AND THE OTHER ONE IS TEXAS HEALTH HIGHWAYS. AGAIN, THE COST SAVINGS ARE ON THE PREMIUMS NATIONWIDE NETWORK ON BOTH OF THOSE PLANS. AND THEN THE OTHER POSITIVE NOTE WAS MOST OF THESE DID NOT REQUIRE A PRIMARY CARE PHYSICIAN TO KNOW THAT YOU'D HAVE TO GO TO TO BE REFERRED TO A SPECIALIST. SO THAT WAS ATTRACTIVE TO OUR COMMITTEE AS WELL. SO WHAT WE NEED TO DO IN THE NEXT 60 DAYS, WE WOULD HAVE TO PUBLISH A NOTICE 30 DAYS BEFORE THE MAY 27TH BOARD MEETING. IT'S ALREADY ON OUR WEBSITE. IT'S ALREADY POSTED THAT WE WILL AMEND THE DISTRICT OF INNOVATION DOCUMENTATION ON THE MAY 27TH BOARD MEETING. WE ARE CURRENTLY SEEKING TO SECURE THE ALTERNATE PLANS, WHICH ONE WE WANT TO GO WITH. WE'RE MEETING WITH ANOTHER TPA TOMORROW AND THEN IN JUNE, TRS IS SUPPOSED TO MEET EARLY IN JUNE TO DECIDE ON THEIR RATES AND THE DATES FOR PUBLISHING. [00:10:01] AND CURRENTLY TRS IS LATE GETTING THE RATES OUT TO US BECAUSE OF THE FACT THAT. I WAS TOLD ONE IS TO THEY WERE TRYING TO CLOSE THIS LOOPHOLE, BUT SECONDLY, BECAUSE OF COVID. THEY'RE TRYING TO COME UP WITH NEW RATES THAT GO UP EVERY YEAR, AND WHEN WE WERE COMPARING THESE ALTERNATIVE PLANS TO TRS, WE WERE USING THE TRS CURRENT YEAR PLAN PREMIUMS AND WE WERE STILL BEATING THOSE WITH THE ALTERNATIVE CARE PLANS. SO BUT ANYWAY, THEY'RE STILL GOING TO BE IN JUNE AND THEN THEY'RE EXPECTED TO GET THE RATES OUT IN MID-JULY. AND THEN AS SOON AS WE CAN, WE'LL HAVE OPEN ENROLLMENT. NONE OF THOSE DATES ARE SET IN STONE YET BECAUSE TRS IS TRYING TO GET IT ALL TOGETHER. SO BECAUSE OF THE FACT THAT TRS HASN'T PUBLISHED THEIR RATES YET. THIS IS ANOTHER REASON WHY THIS LOOKS BENEFICIAL FOR OUR EMPLOYEES. SO THIS IS A FUTURE ACTION ITEM. AGAIN, IF WE DECIDE TO DO THIS, WE'LL BRING THE DOCUMENTATION TO YOU MAY 27TH FOR YOUR APPROVAL AND WE WILL CONTINUE TO UPDATE YOU ON THIS OPPORTUNITY AND SEE WHAT WE CAN DO FOR OUR EMPLOYEES. ARE THERE ANY QUESTIONS? THANK YOU, MS. ADRIAN. ARE THERE ANY QUESTIONS FROM THE BOARD? I DO HAVE A QUESTION AND PERHAPS I OVERLOOKED IT. HAVE YOU I UNDERSTAND WHAT YOU'RE SAYING, THAT WE DON'T HAVE THE FUTURE NUMBERS BECAUSE THEY'RE LIKE A COMPARISON, MAYBE LIKE A QUICK REFERENCE THAT WE MAY HAVE BEEN ABLE JUST TO JUST TO SEE. TO KNOW. I DON'T KNOW, LIKE THE DIFFERENCE IN COST YOU KNOW JUST SOMETHING THAT WE COULD NOT INTO THE DETAILS OF THE COMMITTEE, BUT JUST A COMPARISON, MAYBE. WE DO HAVE ONE WORKSHEET THAT I CAN SEND IN THE BOARD UPDATE, IF YOU LIKE. IT WAS COMPARING AETNA PLAN WITH TRS. IT SHOWS THE SAVINGS AND IT'S A REALLY, REALLY. IT'S A VERY BUSY SPREADSHEET BECAUSE IT DOES COMPARE STATEWIDE COVERAGE VERSUS NATIONWIDE AND BUT, YEAH, I'LL BE HAPPY TO INCLUDE THAT BECAUSE THAT'S WHAT GOT US GOING IN THE FIRST PLACE TO TO SEE THAT SAVINGS AND REALIZE THIS IS WORTH PURSUING. IF WE CAN COVER EMPLOYEES THAT DON'T CURRENTLY HAVE INSURANCE, THAT WOULD BE GREAT. WELL, I WOULD DEFINITELY APPRECIATE IT, I JUST THINK AS WE MAKE THIS DECISION MOVING FORWARD, I'D JUST LIKE TO KIND OF STAY ABREAST ON WHAT THE COSTS ARE LOOKING LIKE. I KNOW WE LOOKED AT THOSE SOME YEARS BACK. WELL, I RECALL LOOKING AT THEM A FEW YEARS BACK, JUST NOT KNOWING WHERE THEY ARE RIGHT NOW. JUST JUST CURIOUS. SURE. I'LL BE HAPPY TO INCLUDE IT THE BOARD UPDATE. AND THEN ALSO MS. ADRIAN. WE'LL JUST WHEN THIS IS A FUTURE ACTION ITEM BOARD AND SO WHEN WE ACTUALLY ARE BRINGING THIS ITEM BACK FOR ACTION. WE WILL KIND OF GIVE YOU A GOOD, CLEAR BREAKDOWN SO THAT ALL SORT OF COMMUNITY CAN SEE KIND OF THE IMPACT AS WELL. SURE. THANK YOU DR. MCFARLAND. ARE THERE ANY OTHER QUESTIONS OR COMMENTS FOR ADRIAN? ALL RIGHT, THANK YOU SO MUCH, MS. ADRIAN. THANK YOU. ALL RIGHT, THIS MOVES US NOW TO OUR AGENDA ITEM 4.5 NOTICE A PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSE TAX RATE TO MCFARLAND. MADAM PRESIDENT, BOARD MEMBERS MS. ADRIAN WILL BE ADDRESSING THIS ITEM AGENT. THANK YOU, DR. MCFARLAND, DR. HALL AND MEMBERS OF THE BOARD. TODAY, WE'RE JUST DOING WHAT'S REQUIRED BY THE TRUTH AND TAXATION. THEY REQUIRE US TO POST OUR MEETING TO ADOPT THE PROPOSED BUDGET AND DISCUSS THE TAX RATE. SO TONIGHT, ALL WE'RE DOING IS DECLARING THAT JUNE 24TH AT SIX 'O CLOCK WILL BE OUR PUBLIC HEARING TO DISCUSS THE BUDGET AND THE PROPOSED TAX RATE. AND THEN LATER ON IN THAT MEETING, WE WILL APPROVE THE BUDGETS AS WELL. SO NO ACTION NEEDED, IT'S JUST DECLARATION OF THE DATE AND TIME. THANK YOU, MS. ADRIAN, ARE THERE ANY QUESTIONS OR COMMENTS FROM THE BOARD? OK, THANK YOU. ALL RIGHT, THANK YOU. AGAIN, THIS MOVES US TO OUR REPORT ITEMS. [5.0 Report Item(s)] DR. MCFARLAND, ARE WE GOING TO DO AGENDA ITEM 5.1 WITH THE DEMOGRAPHER UPDATE? I SEE MR. ALEXANDER. SO I'M ASSUMING THAT YOU STILL ON THE MENU TONIGHT? YES, MA'AM. OK, DR. MCFARLAND. ALL RIGHT. SO, MADAM PRESIDENT AND BOARD MEMBERS, WE HAVE MR. BRENT ALEXANDER OUR DISTRICT DEMOGRAPHER HERE TO GIVE YOU JUST AN OVERVIEW OF THE THINGS THAT ARE HAPPENING IN OUR COMMUNITY. I KNOW IF YOU LIKE ME AS YOU DRIVE AROUND, YOU CONSTANTLY SEE NEW NEIGHBORHOODS COMING UP, NEW BUILDINGS BEING BUILT, BECAUSE IT'S GOOD FOR US TO BE ABLE TO HAVE A GOOD IDEA OF [00:15:03] WHAT'S GOING ON IN OUR DISTRICT TODAY, BUT ALSO WAS PROJECTED DOWN THE LINE MR. ALEXANDER. THANK YOU, DR. MCFARLAND. ANTHONY, GIVE ME THE POWER TO SHARE MY SCREEN HERE. YES, SIR, YOU SHOULD BE ABLE TO. OKAY, GIVE ME JUST A MINUTE. AND WHILE YOU'RE DOING THAT, MR. ALEXANDER, I KNOW WE HAVE MOVED SOME REPORTS SO THAT YOU CAN HAVE ENOUGH TIME TO WALK THROUGH IT. AND SO BOARD IF YOU HAVE QUESTIONS AS WE GO DEFINITELY, PLEASE FEEL FREE TO JUMP IN AND ASK QUESTIONS. THIS IS A WORKSHOP. AND SO WE WANT TO TAKE OUR TIME WITH THIS TONIGHT. SO PLEASE ASK QUESTIONS IF YOU HAVE THEM. ALL RIGHT, THANK YOU, DR. MCFARLAND, DR. HALL BOARD MEMBERS, GOOD TO SEE EVERYONE AGAIN. AS YOU PROBABLY KNOW, I MEET WITH DR. MCFARLAND AND THE ADMINISTRATION ON A QUARTERLY BASIS TO REVIEW THE DISTRICT'S DEMOGRAPHICS. IT'S BEEN A REMARKABLE YEAR FOR THE HOUSING MARKET IN DFW AND CROWLEY ISD HAS INCREASINGLY BECOME AN AREA OF INTEREST FOR BUILDERS AND DEVELOPERS AND HOME BUYERS. SO SINCE DEMAND FOR NEW HOMES IN THE DISTRICT CONTINUES TO GROW RAPIDLY, DR. MCFARLAND ASKED ME TO SHARE WITH YOU ALL WHAT'S HAPPENING IN THE DISTRICT AND HOW IT'S PROJECTED TO IMPACT FUTURE ENROLLMENT. SO THIS FIRST CHART HERE SHOWS THE ANNUAL ACTIVITY FOR DALLAS FORT WORTH AS A WHOLE. NOTE THE RAPID RISE IN ACTIVITY THE LAST 12 TO 15 MONTHS. THIS PERIOD HAS PRODUCED RECORD DEMAND. AND THIS SPRING, THE DALLAS FORT WORTH AREA IS PROJECTED TO SEE THE MOST HOUSES STARTED IN ITS HISTORY. AND THIS WILL LIKELY SURPASS THE RECORD THAT WE SAW BACK AT THE HEIGHT OF THE SUBPRIME ERA IN 2006. NOW, YOU'RE PROBABLY CURIOUS HOW YOU THINK ABOUT WHERE WE WERE A YEAR AGO AT THIS TIME WITH THE THE INITIAL SHUT DOWN ACROSS THE STATE AND IN THE UNCERTAINTY OF WHAT THE COVID ENVIRONMENT MEANT FOR US MOVING INTO THAT SUMMER OF 2020. BUT REALLY, SINCE THAT TIME, THE MARKET HAS EXPERIENCED EXTRAORDINARY SURGE, AN EXTRAORDINARY SELL, A SURGE IN SALES, I SHOULD SAY. AND AND THE REASON IT'S HAPPENED IS THE CONVERGENCE OF SEVERAL FACTORS, MANY OF THOSE LISTED RIGHT HERE. NUMBER ONE, THE MORTGAGE RATE HAS DROPPED. IT DROPPED TO HISTORICAL LOWS IN THE FALL IN JANUARY. IT WAS WELL UNDER THREE PERCENT, ABOUT 2.65. IT'S COME BACK UP TO JUST UNDER THREE PERCENT HERE RECENTLY. THAT'S GIVEN A LOT OF PEOPLE A LOT OF MORE AFFORDABILITY, WHICH IS A SIGNIFICANT FACTOR AS THE HOMES TODAY ARE MORE EXPENSIVE. BUT WE'VE ALSO SEEN DEMOGRAPHICALLY HERE IN DALLAS, FORT WORTH, THE MILLENNIAL HOUSEHOLDS, THEY'VE COME OF AGE. MANY OF THOSE PEOPLE ARE NOW IN THEIR EARLY TO LATE 30S. THEY'RE STARTING FAMILIES AND THEY'VE PRODUCED A LARGE WAVE OF FIRST TIME BUYERS. COVID ALSO CAUSED THE MARKET PSYCHOLOGY TO JUST, YOU KNOW, PEOPLE ARE RETHINKING THE IMPORTANCE OF A HOUSE. MANY PEOPLE ARE TELECOMMUTING, EITHER STILL WORKING AT HOME FROM FULL TIME OR AT LEAST PART TIME. AND THAT'S GIVING PEOPLE THE ABILITY TO PUT LESS OF AN EMPHASIS ON COMMUTE TIMES. AND SO THEY'VE MOVED INTO MARKETS OF DFW THAT ARE CONSIDERED TO BE FURTHER AWAY FROM EMPLOYMENT CENTERS, A TIGHT SUPPLY OF EXISTING HOMES. AND THEN WE'RE ALSO SEEING RELOCATIONS. MANY, MANY OUT OF TOWN BUYERS HAVE MOVED TO DALLAS FORT WORTH EVEN WITHOUT A JOB IN THE YOU KNOW, BASED ON THAT, THE FUTURE HERE IN TEXAS LOOKS VERY PROMISING FOR THEM. SO THE MARKET HAS CLIMBED TO THESE RECORD HIGHS AND IT'S DONE SO REALLY WITHOUT THE MAIN CORE DRIVER OF HOUSING. AND THAT'S TYPICALLY BEEN JOB GROWTH. SO THERE ARE SEVERAL SLIDES IN THE PRESENTATION THAT ARE INCLUDED. I'M NOT GOING TO GO THROUGH EACH ONE IN DETAIL, BUT THEY'RE THERE, FOR YOUR REFERENCE, INCLUDING THE MORTGAGE RATE AND SOME OF THE BUYER POOL DEMOGRAPHICS, AS WELL AS THE EXISTING HOMES AND THEN THE EMPLOYMENT DATA. SO I'M GOING TO MOVE AHEAD TO SLIDE 10, WHICH IS THE THE DISTRICT ACTIVITY. LET'S START WITH THE EXISTING HOMES HERE IN THE DISTRICT. [00:20:03] YOU CAN SEE ABOUT FOURTEEN HUNDRED HOUSES EVERY 12 MONTHS. IT'S SOLD IN THE DISTRICT DATING BACK TO ABOUT THE TWENTY FIFTEEN. SO AGAIN, THESE LAST IN TWENTY TWENTY, WE SAW A SIMILAR NUMBER. THE KEY POINT HERE IS TO LOOK AT THE CHART ON THE RIGHT HAND SIDE AND LOOK AT THE VALUES OF EXISTING HOMES IN THE DISTRICT. THEY'VE CONTINUED TO RISE SUBSTANTIALLY OVER THE LAST SEVERAL YEARS AND THEN IN 2020 THEY REACHED A RECORD HIGH. THE MEDIAN SOLD PRICE OF AN EXISTING HOME WAS NEARLY 223,000. THE SALES FOR THE PREOWNED TYPICALLY WIDESPREAD ACROSS THE DISTRICT. WE DO SEE THE MAJORITY OF THOSE CONTINUING TO BE IN THAT SUMMER CREEK SOUTH AREA, ST. MEADOWS AREA, THAT THESE NUMBERS ARE SIMILAR TO WHAT WE'VE SEEN THESE LAST SEVERAL YEARS. BUT AGAIN, YOU HAVE QUITE A BIT THAT ARE THERE AND THEY'RE ABOUT SUMMER CREEK MIDDLE SCHOOL AND THEN DOWN ON ELEVEN EIGHTY-SEVEN AND THEN ALSO UP IN THAT NORTHERN CROWLEY ROAD 731 CORRIDOR AS WELL. BUT IT'S REALLY IN THE NEW HOME MARKET WHERE THE NUMBERS ARE HAVE BEEN PRETTY AMAZING, THESE LAST REALLY DATING BACK INTO 2019. SO YOU CAN SEE QUARTERLY ACTIVITY HERE IN THE MIDDLE OF 2019. WE SAW THOSE NUMBERS CLIMB UPWARDS OF THE HOUSING STARTS NEAR 400 A QUARTER. THIS RED LINE ARE THE ACTUAL OCCUPANCIES CLOSING. SO THEY'RE IN 2020,417 CLOSINGS. THAT'S CLOSE TO THE ALL TIME HIGH THAT THE DISTRICT SET BACK IN 2002. SO THIS, SURGE IN ACTIVITY HAS PUT THE DISTRICT. THESE ARE THE ANNUALIZED NUMBERS, YOU KNOW, AT THE HIGHEST LEVELS THAT WE'VE SEEN THIS THIS CURRENT CYCLE, WHICH BEGAN BACK IN 2011. YOU CAN SEE THE GREEN LINE HERE REPRESENTS NEW LOT DELIVERIES. SO THE BIG SURGE OF LAWS THAT WERE DELIVERED IN 2018 DID RESULT IN A LOT OF ACTIVITY IN 2019 AND INTO 2020 AND THE ONLY REASON THAT WE SEE THIS TURN DOWN HERE RECENTLY IS BECAUSE MANY OF THE BUILDERS HAVE RUN OUT OF LOTS. THEY THEY BUILT SO MANY HOUSES THAT THE YOU CAN SEE THAT GREEN LINE THEY'RE TRYING TO RECOVER AS THE DEVELOPERS ARE RACING TO PROVIDE NEW LOTS TO TO MEET THE INCREASING DEMAND. SO YOU CAN SEE DOWN HERE THE LAST BULLET POINT, ALMOST TWELVE HUNDRED NEW LOTS PUT ON THE GROUND IN 2020 ALONE. NOW, THE POPULARITY OF THE CROWLEY HOUSING MARKET, AS YOU CAN SEE HERE, WHEN WE TAKE THE DALLAS FORT WORTH HOUSING EXCUSE ME, THE DALLAS FORT WORTH HOUSING MARKET AND BREAK IT OUT BY PUBLIC SCHOOL DISTRICT BOUNDARY, YOU CAN SEE WHERE CROWLEY FALLS RIGHT NOW BASED ON ANNUAL CLOSINGS. CROWLEY IS A BUT THE KEY THING TO REMEMBER HERE IS THAT THE DISTRICT REMAINS THE MOST ACTIVE DISTRICT ON THE SOUTH SIDE OF DFW BASED ON THE CLOSINGS, HEAD OF MANSFIELD AND WAXAHACHIE. WITHIN THE DISTRICT, SEVENTY-THREE PERCENT OF THE CLOSINGS IN 2020 WERE IN THE FORT WORTH PORTION OF THE DISTRICT. BUT IF YOU LOOK BACK A YEAR, CROWLEY HAD A STRONG YEAR WHEN D.R HORTON HAD AVAILABLE LOTS OVER IN CRESCENT SPRINGS RANCH. SO ADDITIONAL LOTS ARE COMING IN THE CITY OF CROWLEY AS WELL. BUT MANY OF THE MAJORITY, THE ACTIVITY WILL STILL BE ON THE FORT WORTH SIDE OF THE DISTRICT. AND THAT FORT WORTH AREA IS LED BY SUBDIVISIONS LIKE LLANO SPRINGS, NOW PRODUCING ABOUT ONE HUNDRED AND SIXTY NINE HOUSES A YEAR. YOU CAN GO THROUGH AND SEE SUBDIVISIONS LIKE CHISHOLM TRAIL RANCH THERE DOING ABOUT 80 TO ONE HUNDRED A YEAR. MCPHERSON VILLAGE, WHICH IS JUST SOUTH OF SUMMER CREEK MIDDLE SCHOOL, UP TO ABOUT 80 TO 90. AND THEN SUMMER CREEK RANCH AREA IS STILL PRODUCING 80 TO 90 HOUSES A YEAR. THE MAJORITY OF THE SUBDIVISION THEY FEED INTO THE DAVIS ELEMENTARY ATTENDANCE ZONE, AS WELL AS S.H. CROWLEY BESS RACE AND HARGRAVE. YOU KNOW, WE'VE SEEN THE BEST RACE DON'T PRODUCE OVER 400 HOUSES THESE LAST COUPLE OF YEARS. A VERY, VERY STRONG DEMAND OUT THERE ON THE WEST SIDE. LOOKING AT THE HOUSING FROM THE MIDDLE SCHOOL BOUNDARY PERSPECTIVE, YOU CAN SEE IN THE ALLEY, IT'S IN ITS OWN CLOSINGS CLIMB TO ALMOST 600, SUMMER CREEK 500 FOR THE MAJORITY IN THAT WESTERN AND SOUTHWESTERN ATTENDED ZONES. [00:25:02] THIS SLIDE SHOWS THE DATA BY HIGH SCHOOL ATTENDANCE ZONE, THE CLOSINGS ARE ON THE RIGHT CLOSINGS HAVE GENERALLY BEEN BALANCED BASED ON HIGH SCHOOL BOUNDARIES. BUT NOTICE THE SHIFT IN STARTS HERE RECENTLY BACK TOWARDS THE NORTH CROWLEY ATTENDANCE ZONE. THE TYPES OF HOMES THAT ARE BEING BUILT IN THE DISTRICT ARE GENERALLY IN THAT STARTER HOME AND FIRST MOVE UP, BUT THE CHART ON THE LEFT SHOWS YOU THE PRICE. BANDS AT THE HOMES ARE BEING BUILT IN THE DISTRICT AND NOW WE'RE SEEING AN INCREASING NUMBER, OVER THREE HUNDRED THOUSAND AS WELL. AND THAT'S HELPED PUSH THE DISTRICT'S MEDIAN NEW HOME PRICE TO A RECORD HIGH OF 276 490 AT THE END OF 2020. NOW, HEADING INTO THE SPRING, THERE WERE ONE HUNDRED AND THIRTY EXCUSE ME, FIVE HUNDRED AND SEVEN HOMES THAT WERE IN PROCESS, THESE ARE THE ONES THAT ARE UNDER CONSTRUCTION BUT NOT OCCUPIED YET. SO IN ADDITION TO THAT, THERE WERE FOURTEEN HUNDRED AND FORTY SIX LOTS ON THE GROUND. AND THEN YOU CAN SEE HERE IN THE TABLE THERE'S AN ADDITIONAL EIGHTEEN HUNDRED PLUS LOTS THAT WERE UNDER DEVELOPMENT. IN ADDITION TO THAT, DEVELOPERS ARE PLANNING OVER FOURTEEN THOUSAND TOTAL LOTS IN THE DISTRICT. THIS MAP HIGHLIGHTS WHERE MANY OF THOSE FUTURE LOTS ARE, THE PLOTS THAT WE HAVE HIGHLIGHTED IN BLUE ARE ARE THOSE FUTURE LOTS WHERE YOU SEE THE YELLOW AREAS? THOSE ARE SECTIONS OF SUBDIVISIONS WHERE BUILDERS ARE ACTIVE TODAY. BUT THESE DIFFERENT COLORS HERE WHERE IT'S ORANGE AND PURPLE AND BLUE, THESE ARE WHERE THOSE FUTURE LOTS ARE. SO YOU CAN SEE THAT HUGE BAND OF FUTURE LOTS THAT ARE PLANNED RIGHT ACROSS THE CENTRAL PORTION OF THE DISTRICT. SO WE HAVE SEVERAL OF THE MAJOR BUILDERS, NOT ONLY IN DALLAS FORT WORTH, BUT IN TEXAS AND THE NATION, INCLUDING D.R HORTON AND BLUE, TO BUILD HOMES THAT HAVE MADE MAJOR COMMITMENTS HERE TO THE SCHOOL DISTRICT. BLOOMFIELD NOW CONTROLS OVER TWENTY SEVEN HUNDRED LOTS IN THE DISTRICT. WHEN WE GET THE FIRST QUARTER REPORT OUT TO YOU, YOU'LL SEE YOU CAN DRIVE OUT THERE TODAY. BUT THEY STARTED ON LOTS IN HUNTER'S RIDGE, WHICH IS LAND JUST ADJACENT TO H.F STEPHENS MIDDLE SCHOOL, AND THAT WILL GO ALL THE WAY UP TO THE SPORTS COMPLEX THERE ON REISINGER. YOU KNOW, THAT COMMUNITY'S SEVENTEEN HUNDRED TOTAL LOTS. THAT'S ALL THIS BLUE AREA THAT'S SOUTH OF WALKER AND NORTH OF H.F. STEPHENS KNOW THERE'S THOUSANDS OF LOTS THAT ARE PLAN THERE AROUND S.H. CROWLEY, INCLUDING BLOOMFIELD HILLS AND TRAILS. AND THERE'S A [INAUDIBLE] PROPERTY NORTH OF THE RAINBOW RIDGE AND THEN ALL OF THE KERIS DEVELOPMENT IS PLANNED FOR THE FUTURE AS WELL. AND THEN WE BELIEVE THE D.R HORTON AND POSSIBLY WILL BE IN CONTROL OF THE MAJORITY OF THE WORK CREEK PROPERTY THAT IS THAT IS SURROUNDING THE [INAUDIBLE] CAMPUS. SO WE WE KNOW THAT THEY ARE PLANNING TO BUILD ON THE EAST SIDE OF THE TOLLWAY, BUT WE EXPECT THEM TO PROBABLY BUILD ON THE WEST SIDE AS WELL. SO, AGAIN, AS YOU ADD ALL THAT TOGETHER, YOU'RE TALKING ABOUT NEARLY 18000 TOTAL LOTS THAT ARE IN THE DEVELOPMENT PIPELINE. AND I WOULD CALL YOUR ATTENTION TO THE LAND THAT'S ON THE VERY SOUTHERN TIP OF THE DISTRICT THAT IS SOUTH OF THE BRIDGES DEVELOPMENT AND SOUTH OF MIDDLE SCHOOL. THE OWNER OF THAT LAND IS WORKING THROUGH DIFFERENT SCENARIOS. IT'S BASICALLY A THOUSAND ACRES THAT'S BEING MARKETED AS BURLESON CROSSING THIS LAND. IF IT COMES TO THE MARKET AS SINGLE FAMILY MASTER PLAN COMMUNITY COULD ADD ANOTHER TWO TO THREE THOUSAND HOMES TO TO THAT NEARLY EIGHTEEN THOUSAND, LOT TOTAL THAT I JUST MENTIONED. I'LL QUICKLY GO THROUGH SOME OF THE PHOTOGRAPHS THAT WE GOT BACK IN JANUARY, TAVOLO PARK SHOWN HERE FIRST YOU CAN SEE THE NEW APARTMENTS THAT ARE THERE IN THE COMMUNITY AS WELL AROUND ALL OF [INAUDIBLE] THERE ON THE WEST SIDE OF THE THE CHISHOLM TRAIL PARKWAY. OVER ON THE EAST SIDE, THE BILL TO RENT MARKET IS ENTERING THE DISTRICT AS WELL. NEX-MÉTRO, THE BUILDER OUT OF ARIZONA, IS BRINGING THEIR SINGLE STORY PRODUCT. IT'S BASICALLY A ONE-STORY APARTMENT TYPE PRODUCT THERE ON THE WEST SIDE OF GRANBURY ROAD, SOUTH OF ALTA MESA. AND THEN AROUND DAVIS ELEMENTARY, YOU CAN SEE MORE LOTS COMING FOR LLANO SPRINGS AS WELL AS CHISHOLM TRAIL WEST. ALSO, IF YOU LOOK THERE TOWARDS THE TOP CENTER OF THE PHOTOGRAPH, YOU CAN SEE SOME OF THE [00:30:05] NEW APARTMENTS THAT ARE UNDER WAY. I'M ABOUT TO TALK ABOUT THAT HERE IN JUST A SECOND. BUT THIS PHOTOGRAPH, YOU CAN SEE WHERE THEY'RE UNDERWAY IN CHISHOLM TRAIL. AND THEN OVER HERE ON THE EAST SIDE, YOU CAN SEE JUST SOUTH OF NORTH CROWLEY NINTH GRADE CAMPUS. YOU CAN SEE ADDITIONAL LOTS UNDER DEVELOPMENT AS WELL AS THE NEW APARTMENT. SOUTH OF SUMMIT CREEK MIDDLE SCHOOL, HERE'S THE MCPHEARSON VILLAGE SUBDIVISION, AND THEN AS YOU MOVE OVER TO THE EAST [INAUDIBLE] STREET, YOU CAN SEE SEVERAL COMMUNITIES THAT ARE HAVE FUTURE LOTS UNDER DEVELOPMENT, INCLUDING WOODLAND SPRINGS, NEWBURY POINT. AND THIS IS AN INTERESTING SLIDE BECAUSE YOU CAN SEE A LOT OF THAT VACANT LAND THAT WAS HIGHLIGHTED IN BLUE ON THE MAP. AND THEN HUMAN TRAILS THAT I MENTIONED THAT BLOOMFIELD HAS COMING NEXT TO THE [INAUDIBLE] FACILITY. AND THEN AGAIN, ALSO NEXT TO THE [INAUDIBLE] FACILITY, D.R. HORTON'S EXPRESS WITH SOUTHFORK ESTATES THERE, NEXT TO CROWLEY HIGH SCHOOL AS WELL. AND THEN AROUND HARGRAVE, WE'RE SEEING A LOT OF THOSE LOTS THAT HAVE BEEN PLANTED AND KIND OF LYING DORMANT FOR SEVERAL YEARS NOW, SEEING DIRT MOVED. SO THIS ADDITIONAL PHASES OF RAINBOW RIDGE FOR IMPRESSION HOMES AND D.R HORTON MOVING ON SEVERAL OF THOSE FINAL PHASES OF PARK VIEW AS WELL. SO IN [INAUDIBLE] HOMES ALSO HAS A NEW TRACT OF LAND THERE THAT WILL COME IN ACROSS FROM CROWLEY MIDDLE SCHOOL. AND THEN UP BY METAL CREEK ELEMENTARY AND ALSO EAST OF THE JACKIE KARDON SYCAMORE LANDING, LEGEND HOMES OUT OF HOUSTON HAS THIS SUBDIVISION THAT THEY'RE BRINGING TO THE MARKET. AND THEN THIS IS IN JANUARY. SO THIS IS SOME OF THE INITIAL DIRTY WORK TAKING PLACE ON THE FUTURE OF SPORTS COMPLEX, THE FOOTBALL STADIUM OUT HERE, AND YOU CAN SEE WALKER IN THE PHOTOGRAPH. BUT THIS AREA, EVERYTHING YOU SEE PRETTY MUCH IS EITHER PART OF THE SPORTS COMPLEX OR FUTURE SUBDIVISION. AND THEN DOWN ON 1187, THE BRIDGES HAS MOVED INTO, WHICH IS ESSENTIALLY THE THIRD PHASE OF LASATER RANCH. THEY'VE ACTUALLY STARTED BUILDING HOUSES IN THAT COMMUNITY HERE THIS SPRING. SO IN ADDITION TO ALL OF THAT SINGLE FAMILY THAT I'VE JUST SHOWN YOU, THAT THE APARTMENT MARKET IS ALIVE AND WELL IN THE DISTRICT, THERE'S ABOUT 3600 UNITS THAT ARE PLANNED TODAY. SOME OF THESE ARE IN PROCESS ALREADY, AS YOU SAW IN THE PHOTOGRAPHS. AND THEN THERE ARE ADDITIONAL SUBDIVISIONS OR ADDITIONAL UNITS THAT ARE COMING, INCLUDING YOU CAN SEE THAT JUST TO THE SOUTHEAST OF BESS RACE ELEMENTARY, THE LANDMARK CROWLEY APARTMENTS THERE NEXT TO THE PALLADIUM, CROWLEY APARTMENTS THAT RECENTLY OPENED. AND SO THAT'LL BRING ADDITIONAL UNITS HERE ON THE NORTH SIDE OF 1187. SO WHEN YOU COMBINE ALL OF THE SUBDIVISIONS AND FORECAST IT OUT, THE DISTRICTS ARE LOOKING AT ABOUT 6500 NEW SINGLE FAMILY HOMES OCCUPIED OVER THE NEXT FIVE YEARS, THAT WOULD AVERAGE ABOUT THIRTEEN HUNDRED HOUSES A YEAR IF YOU. NOW, WE COULD SEE THAT NUMBER CLIMB TOWARDS FIFTEEN HUNDRED IF WE IF DEMAND CONTINUES TO BE REALLY STRONG AND CONDITIONS REMAIN REALLY, REALLY POSITIVE. YOU KNOW, ALL OF THESE HOMES COULD TAKE THE DISTRICT OUT TO ABOUT 13000 TOTAL HOUSES BUILT IN THE DISTRICT BY 2030. AND THAT INCLUDES THERE YOU CAN SEE AND READ THE ADDITIONAL SIXTEEN HUNDRED OR SO APARTMENTS THAT WE KNOW OF THAT ARE IN PRODUCTION BEING COMPLETED HERE OVER THESE NEXT COUPLE OF YEARS. SO THE TYPICAL SINGLE FAMILY HOME IN THE DISTRICT HAS YIELDED ABOUT 0.44 STUDENTS PER HOUSE. APARTMENTS HAVE GENERALLY BEEN ABOUT 0.22 PER UNIT. SO WHEN YOU FORECAST THAT OUT. HERE'S WHAT THE ENROLLMENT PROJECTIONS LOOK LIKE. NOW, I WANT TO COMMENT A LITTLE BIT ON ON THE PROJECTION, SO. AS MANY OF YOU KNOW, IT'S MORE COMPLICATED THAN JUST, HEY, HERE COME THE NEW HOUSES AND THEY YIELD THIS MANY STUDENTS. THERE'S A LOT OF DIFFERENT DYNAMICS AT PLAY HERE IN THE AREA. NUMBER ONE, JUST THE COVID-19 ENVIRONMENT, CAUSED A ABOUT A 250 STUDENT DROPPED FROM 2019 TO 2020. AND YOU CAN SEE THAT PRE-COVID THE DISTRICT WAS JUST ABOVE SIXTEEN THOUSAND [00:35:02] TOTAL STUDENTS. BUT THIS PAST YEAR, PRE-K ENROLLMENT FELL BACK 193 STUDENTS IN KINDERGARTEN FELL BACK 30 STUDENTS. NOW, A LOT OF THAT RELATED TO HEALTH CONCERNS OF PARENTS HAVING THEIR YOUNGER KIDS IN THE DISTRICT. NOW, THAT'S A TREND THAT WE'VE SEEN STATEWIDE. MANY OF THE DISTRICTS ACROSS THE STATE HAVE LOST BETWEEN ONE IN FOUR PERCENT OF ALL OF THEIR STUDENTS THAT WERE ENROLLED IN 19-20 CROWLEY IS RIGHT ABOUT THAT ONE AND A HALF, TWO PERCENT RANGE. SO DEPENDING ON HOW QUICKLY THOSE STUDENTS COME BACK, IT INFLUENCES EACH OF THESE PROJECTION SCENARIOS IF WE SEE ANOTHER YEAR OF LOWER ENROLLMENT IN PRE-K THEN. THAT THE GREEN LINE, THE SCENARIO HAS IS MORE LIKELY TO OCCUR. NOW, WHEN YOU LOOK AT THE EACH ONE OF THOSE SCENARIOS, NOTE THAT THE BELOW SCENARIO REPRESENT ABOUT 0.4% PERCENT ANNUAL GROWTH. THAT IS THE 14-YEAR HISTORICAL GROWTH RATE FOR THE DISTRICT. SO IF THE DISTRICT JUST CONTINUES TO SEE JUST ABOUT HALF A PERCENT ANNUAL GROWTH, THAT'S THE PATH. NOW, IT DOES INCREASE TO NEAR 1% FROM 2025 OUT. SO THAT SCENARIO IS MORE OF A PESSIMISTIC VIEW THAT THE STUDENTS THAT HAVE GONE MISSING WILL NOT RETURN, AND IF THEY DO, IT WILL BE IT WILL TAKE QUITE SOME TIME. SO NOW WE'RE LOOKING AT THE MODERATE AND THE HIGH SCENARIOS. WHERE WILL THE RATE OF GROWTH INCREASES TO MORE OF WHAT WE'VE SEEN HERE RECENTLY, WHERE WE'VE BEEN IN THAT 1-1.5% ANNUAL GROWTH RATE. SO IF THE STUDENTS COME BACK AND AS WE THINK, THEN THIS FALL WE SHOULD BE BACK TO WHERE WE WERE IN 2019 PRE-COVID, JUST ABOVE 16,000 AND THEN GROWING FROM THERE AT ABOUT A 1.4% AVERAGE. IF THE DISTRICT DOES THAT, YOU'LL SEE A NET GROWTH OF OVER 1100 STUDENTS IN FIVE YEARS AND POTENTIALLY TWENTY EIGHT TWENTY NINE HUNDRED STUDENTS OVER THE NEXT TEN YEARS. AND IT'S CERTAINLY POSSIBLE THAT THE STUDENTS COME BACK AND WE SEE THE YIELDS CONTINUE TO GROW AND THE DISTRICT SEES A FASTER GROWTH RATE. SO IF THAT HIGH GROWTH RATE REPRESENTED BY THE RED LINE PUSHES THE DISTRICT BACK UP TOWARDS A TWO PERCENT ANNUAL GROWTH RATE, IF THAT OCCURS, WE COULD SEE NEARLY FIFTEEN HUNDRED STUDENT GROWTH OVER FIVE YEARS IN OVER THIRTY FOUR HUNDRED STUDENTS OVER THE NEXT 10 YEARS. SO THERE ARE OF A LOT OF IFS GOING FORWARD IN TERMS OF ENROLLMENT PROJECTIONS. BUT THE KEY TAKEAWAY HERE IS THAT THE DEMAND FOR HOMES IN CROWLEY IS VERY, VERY STRONG. THE BUILDERS ARE COMMITTED TO SELLING HERE FOR MANY, MANY YEARS TO COME. I KNOW THAT'S A LOT TO COVER QUICKLY, BUT I'LL TAKE ANY QUESTIONS THAT YOU HAVE AT THIS TIME. I'M CONFUSED A LITTLE BIT ABOUT. THE SO IF WE'VE GOT OVER THE NEXT YEAR, FIVE YEARS, 6500 SINGLE FAMILY HOMES, AND DID THAT INCLUDE THE APARTMENTS OR NO? IT DOES. OK, SO SIXTY-FIVE NEW UNITS COMING ON AND THEN YOUR PROJECTION JUST SEEMS TO BE THE PERCENTAGE BASE LOOKING AT THE SAME FIVE YEAR PERIOD, BRINGING ON 1100 STUDENTS. BUT I MEAN, WHAT'S THE AVERAGE PER RESIDENT LIKE FOR A SINGLE FAMILY RESIDENCE THAT YOU HAVE A NUMBER OF LIKE, YOU KNOW? WELL, MR. RAY, WE DO IT'S A LITTLE MORE COMPLICATED THAN JUST SAYING THAT YOU GET A THOUSAND HOUSES AND THAT MEANS YOU GET 4400 STUDENTS THAT OR EXCUSE ME, 440 STUDENTS AT 0.44 YIELD. THE SOME OF THE OTHER THINGS TO CONSIDER IS THAT RIGHT NOW YOU HAVE RECORD ENROLLMENT IN 8TH THROUGH 12TH GRADE. THE AVERAGE GRADE SIZE BETWEEN SIX AND 11TH GRADE TODAY AVERAGES TWELVE HUNDRED AND SEVENTY. BUT THE AVERAGE GRADE SIZE FROM KINDERGARTEN THROUGH FIFTH GRADE IS A THOUSAND THIRTY FIVE. SO RIGHT THERE YOU HAVE A BUILT IN DROP OF TWO HUNDRED AND THIRTY FIVE EACH YEAR. SO IT LESSENS THE IMPACT OF THE HOUSING, THE NEW CONSTRUCTION. [00:40:07] YOU ALL ALSO ARE CONTINUE TO BE IN A BATTLE WITH PRIVATE SCHOOLS AND CHARTER SCHOOLS THAT ARE ALL THROUGHOUT TARRANT COUNTY. SO THOSE ARE THINGS THAT WE FACTOR IN TO THE PROJECTIONS AS WELL. ARE THERE ANY OTHER QUESTIONS OR COMMENTS ON THE WAR? MR. ALEXANDER, I HAVE A QUESTION, AND I DON'T KNOW IF YOU'RE THE PERSON WHO TELLS US ABOUT CAMPUSES AND SCHOOLS AND THINGS OF THAT NATURE, SO WE HAVE THE TWO HIGH SCHOOLS AND WE'VE HAD THE TWO HIGH SCHOOLS FOR QUITE SOME TIME. DO WE FORESEE NEEDING A THIRD HIGH SCHOOL? I KNOW WE HAVE THE CTE CENTER THAT ALSO KIND OF. AND MAYBE THAT'S A MCFARLAND QUESTION, I'M NOT SURE. BUT DO YOU FORESEE OF NEEDING ADDITIONAL SECONDARY CAMPUSES LIKE A HIGH SCHOOL? WELL, WE'VE RECENTLY YOU ALL HAVE RECENTLY MR. REEVES AND DR. MCFARLAND, EVERYONE HAVE REVIEWED THE CAPACITIES OF EACH OF THE CAMPUSES AND THE CITY CENTER DOES GIVE YOU ADDITIONAL SPACE THAT DOES PROVIDE YOU THE ABILITY TO ABSORB THE MAJORITY OF THIS PROJECTED GROWTH OVER THE NEXT FIVE TO 10 YEARS. AND THERE ARE A FEW CAMPUSES ON AT THE ELEMENTARY LEVEL THAT MAY REQUIRE SOME BOUNDARY ADJUSTMENTS SO THAT YOU ALL HAVE THE ABILITY TO ABSORB SOME OF THAT GROWTH AND THEN EVEN POSSIBLY ADD AN ADDITIONAL ELEMENTARY SCHOOL, YOU KNOW, ON THAT SOUTHERN SIDE OF THE DISTRICT, YOU KNOW, IN THE FUTURE TO HELP. BUT RIGHT NOW, THE MIDDLE IN THE HIGH SCHOOL NUMBERS WITH THE ADDITION OF ALI MIDDLE SCHOOL AND THE CTE, YOU HAVE THE SPACE TO ABSORB, YOU KNOW, EVEN THE TWO PERCENT ANNUAL GROWTH RATES. NOW, THINGS GET FASTER THAN THAT HERE IN THE FUTURE, THEN CERTAINLY WE HAVE TO READDRESS IT. BUT AT THIS POINT, I THINK YOU'RE IN PRETTY GOOD SHAPE. I ALSO THINK ALSO AN ADDITIONAL MS. HALL, DR. HALL WE ASKED HIM TO DO KIND OF A CAPACITY STUDY AND JUST KIND OF GIVE US AN IDEA OF FIRST WHEN WE WOULD NEED AN ADDITIONAL BUILDING. AND THEN SECOND, YOU KNOW, WHEN WE IF WE NEEDED ADDITIONAL BUILDING, WHAT WOULD BE THE HOW WOULD WE FINANCE? AND SO WE WERE REALLY TRYING TO LOOK AT LOOK, HOW FAR ARE WE AWAY FROM HAVING TO GO OUT FOR BOND ELECTION FOR SCHOOL. AND SO I BELIEVE THAT IS JUST AN INITIAL LOOK AS WE ARE ABOUT PROBABLY EIGHT, EIGHT YEARS AWAY OR SO BEFORE WE WE HAVE TO CONSIDER THAT, WHICH MEANS THAT IF WE WERE GOING TO BE LOOKING AT EIGHT YEARS DOWN THE LINE, PROBABLY IN FIVE YEARS, WE WOULD START TALKING ABOUT BOND ELECTION AND ALL THAT. BUT RIGHT NOW WE FEEL PRETTY COMFORTABLE WHERE WE ARE AND WHAT WE HAVE HAVE GOING. BUT YOU'LL HEAR THE SECOND, WHEN WE TALK ABOUT OUR BUDGET AND OUR CAPITAL PROJECTS AND ALL THAT, YOU'LL SEE THAT WE ARE AT THE END OF THAT PRIOR BOND. AND IF WE DO NEED ADDITIONAL FACILITIES, WE DEFINITELY HAVE TO START PLANNING FOR FOR A BOND ELECTION. THANK DR. MCFARLAND. ARE THERE ANY OTHER QUESTIONS OR COMMENTS FOR MR. ALEXANDER FROM THE BOARD. ALL RIGHT, MR. ALEXANDER, THANK YOU SO MUCH. WELL, THANK YOU, DR. HALL. THANK YOU, EVERYONE, FOR HAVING ME HERE TONIGHT. HAVE A GOOD EVENING. THANK YOU. ALL RIGHT, SO THAT WILL BE OUR LAST REPORT ITEM, WE'RE GOING TO MOVE AN AGENDA ITEM 5.2 TO A LATER TIME. SO THIS TO OUR STUDY SESSION, WHICH IS AGENDA ITEM 6.1,THE 2020 [6.0 Study Session] BUDGET UPDATE AND PRELIMINARY, 2021 2022 BUDGET REVIEW DR. MCFARLAND. OK. MADAM PRESIDENT, BOARD MEMBERS, WE HAVE MS. ADRIAN HERE PREPARED TO ADDRESS THIS ITEM. MS. ADRIAN. THANK YOU, DR. MCFARLAND, DR. HALL, MEMBERS OF THE BOARD TONIGHT. I'M GOING TO TRY TO KEEP THIS SHORT AND SWEET, BUT THIS IS JUST A BUDGET UPDATE FOR THE CURRENT YEAR, AS WELL AS PRELIMINARY NUMBERS FOR NEXT YEAR. JUST REVIEWING SOME OF THE REVENUE ISSUES NOT ISSUES, BUT FACTORS FOR OUR REVENUE. WE'RE STILL HAVE A HOUSE BILL THREE THAT WE HAVE TO DEAL WITH. [00:45:02] AND IT MANDATES THAT ALL TIER ONE, COMPRESSED TAX RATES BE WITHIN 90 PERCENT OF EACH OTHER BASED ON THE COMPTROLLERS. OUR OFFICIAL ESTIMATE STATEWIDE, WE WILL KEEP THE SAME RANGE. SO THAT RANGES BETWEEN 0.964 AND THE MINIMUM MSR IS .8247. SO THAT'S SIMILAR TO WHAT WE HAD THIS YEAR. AND THEY WILL KEEP THOSE THAT RANGE FOR NEXT YEAR. SO AGAIN, THEY WILL TELL US THIS SUMMER WHAT OUR TAX OR THE MAXIMUM COMPRESSED TAX RATE WILL BE. SO TO BUDGET SO FAR, THEN I'M GOING TO USE THE CURRENT YOUR TAX RATE, AND THIS WAS HOW WE COMPUTED IT LAST YEAR OR FOR THE CURRENT YEAR, WE HAD .9015. BUT DOING ALL THE CALCULATIONS, WE WOUND UP WITH A MAXIMUM RATE OF 1.5398 AGAIN, THIS IS THE CURRENT YEAR. THIS IS ALL I HAVE UNTIL THE STATE PRESENTS US WITH OUR COMPRESSED TAX RATE, SO THIS IS WHAT I'LL USE FOR MY NOTICE THAT WE DISCUSSED EARLIER TONIGHT, AND WE'LL GO FROM THERE AND THE BUDGET AS WELL. SO WE RECEIVED OUR PRELIMINARY TAXABLE VALUE SO FAR IN APRIL, LIKE WE ALWAYS DO, AND IF YOU'LL NOTICE, I'VE JUST COMPARED APRIL 2017 UP TO THE CURRENT YEAR, BACK IN 2017, WE WERE BARELY OVER SIX BILLION DOLLARS ON OUR TAX VALUES. AND THIS YEAR WHERE WE WENT OVER NINE BILLION DOLLARS OF THAT'S KIND OF IMPRESSIVE TO ME. THAT'S A PRETTY BIG JUMP IN FIVE YEARS. YOU CAN SEE THE ANNUAL INCREASES APRIL TO APRIL IN THE MIDDLE COLUMN AND THEN THE PERCENTAGE INCREASES ON THE RIGHT. SO WE'RE WE HAD THE BIGGEST GAIN BETWEEN 18 AND 19 AT 13.67%. BUT 9.3% IS STILL A GOOD INCREASE IN OUR VALUES. I WAS IN A [INAUDIBLE] MEETING EARLIER TODAY AND KIND OF LIKE MR. ALEXANDER WAS SAYING, OUR HOUSING CONTINUES TO GROW. BUT ALSO COVID DIDN'T REDUCE ANY OF THE RESIDENTIAL TAX VALUES. RESIDENTS STILL CONTINUES TO GROW. IT'S THE COMMERCIAL THAT WAS HIT. SO THE COMMERCIAL TAXING ENTITIES THAT WE HAVE IN THE DISTRICT ARE MAY BE REDUCED. BUT, YOU KNOW, OBVIOUSLY WE KNOW OUR HOUSING IN THE DISTRICT, THAT RESIDENTIAL HOUSING CONTINUES TO GROW IN VALUE AS WELL AS IN NUMBERS. BUT WHAT DOES THE APRIL VALUES MEAN TO US? WE NEED TO COMPARE THOSE TO THE JULY CERTIFIED AND I DID THAT WITH THE SAME FIVE YEARS AND YOU CAN SEE AT THE BOTTOM THERE, WE WENT FROM SIX BILLION TO 4.4 BILLION IN 2017. SO WE HAD 11% DECLINE BETWEEN APRIL AND JULY. EACH YEAR WAS 11, 12. LAST YEAR WAS ALMOST A 15 PERCENT DECLINE. BUT RIGHT NOW TO BUDGET, I'M USING THE AVERAGE OF THE LAST FOUR YEARS, WHICH IS A DECREASE OF TWELVE AND A HALF PERCENT, GIVING US AN ESTIMATE OF THE JULY CERTIFIED 7.9 BILLION DOLLARS. SO ANOTHER FACTOR WE HAVE IS COVID-19 FUNDING IN MARCH 2020. CONGRESS SIGNED INTO LAW THE CARES ACT, AND ALL OF THIS MONEY IS BEING FUNNELED THROUGH THE EDUCATION STABILIZATION FUND. THEN IN DECEMBER, THIS CONGRESS SIGNED INTO LAW THE CRRSA ACT, MORE MONEY THROUGH THE ESF AND THIS CURRENT MARCH, MORE MONEY THROUGH THE ESF, THROUGH THE AMERICAN RESCUE PLAN. THE ESF IS COMPOSED OF THREE PRIMARY EMERGENCY RELIEF FUNDS. ONE IS GOVERNORS AND THEN HIGHER EDUCATION. BUT THE ONE THAT PERTAINS TO CROWLEY ISD IS THE ELEMENTARY AND SECONDARY SCHOOL EMERGENCY RELIEF FUND, OR ESSER, AS IT'S KNOWN. SO GOING FORWARD, THEN, TO TELL YOU WHAT THIS MEANS FOR CROWLEY ISD, WE DID RECEIVE FUNDS OF 2.6 BILLION DOLLARS. THIS WAS TO HOLD US HARMLESS FOR THE LACK OF IN-PERSON ATTENDANCE. HOWEVER, THIS FIRST ROUND OF ESSER FUNDS WAS IN PLACE OF OUR FOUNDATION FUNDS. SO BASICALLY, BOTTOM LINE IS THEY TOOK ADA NUMBERS AWAY FROM US, PUT IT IN A FEDERAL FUND AND SAID, HERE YOU HAVE TWO AND A HALF MILLION DOLLARS. BUT THEY REDUCED OUR FOUNDATION BY THAT AMOUNT AS WELL. [00:50:03] SO WE WERE ABLE TO RECODE EXPENDITURES OVER TO THE FUND FEDERAL FUND AS WELL. BUT STILL, IT WASN'T EXTRA MONEY BY ANY MEANS. AND THEN WE ALSO RECEIVED WE WILL BE RECEIVING MONEY THROUGH THE CORONAVIRUS RELIEF FUNDING OR THE CRF. BUT THAT IS A REIMBURSEMENT PROGRAM. WE DID NOT USE THE OPERATION CONNECTIVITY BULK ORDER PURCHASE PROGRAM WHERE WE COULD HAVE ORDERED HOT SPOTS THROUGH THE STATE. WE PURCHASED SARS OUTRIGHT. WE ACTUALLY GOT A BETTER DEAL. WE GOT THEM FASTER THAN OTHERS. SO WHEN WE PURCHASED THE CHROMEBOOKS, SOME HOT SPOTS, WE SPENT 1.4 MILLION DOLLARS AND WE WILL BE REIMBURSED FOR THAT. WE'VE ALREADY SUBMITTED OUR EXPENDITURES AND WE JUST HAVEN'T RECEIVED THE MONEY YET. SO WE WILL RECEIVE 1.4 MILLION DOLLARS THROUGH THE CRF. AND THEN THE CARES ACT CONTINUES WITH ESSER FUND TWO, AND THERE'S NO INFORMATION AVAILABLE YET, BUT ESSER THREE, THE GRANT APPLICATION OPENED APRIL 29TH. IT'S INTENDED TO SUPPORT A COMPREHENSIVE LEARNING RECOVERY EFFORT OVER THE NEXT THREE YEARS. SO THROUGH SEPTEMBER 2023 CURRENTLY FOR THE TWENTY-ONE SCHOOL YEAR, WE HAVE SPENT 2.2 BILLION DOLLARS ON COVID EXPENDITURES AND WE WILL BE ABLE TO GET REIMBURSED FOR THOSE IT'S POSTED THAT WE WILL RECEIVE TWENTY-FIVE MILLION DOLLARS, WHICH IS A BIG NUMBER FOR ME. WE'LL GET THE INITIAL TWO-THIRDS OF 16 MILLION AND THEN THEY'RE NOT SURE HOW THEY'RE GOING TO DISPERSE THE REMAINING ONE-THIRD. BUT OVER THE NEXT THREE YEARS, WE WILL HAVE A SIGNIFICANT AMOUNT OF MONEY TO USE TO CATCH OUR KIDDOS UP TO SPEED AND CATCH UP FROM FROM THE GROUND THAT THEY LOST THROUGH THE COVID YEAR. SO THAT'S GOOD. SO WE ALSO HAVE THE TEACHER INCENTIVE ALLOTMENT. WITH THE ESSER THREE FUNDING, I SAW TODAY THAT TEA POSTED A PUBLIC COMMENT SURVEY RELATED TO. AND FOR PEOPLE, ANYBODY REALLY, I THINK, TO PUT INPUT ON BASICALLY WHERE COVID HAS HIT THE HARDEST AND CONCERNS WITH THAT. SO I JUST WANTED TO SAY THAT OUT LOUD, BECAUSE AS THESE TYPES OF DECISIONS ARE BEING MADE, WE NEED TO MAKE OUR VOICES HEARD ON THAT. SO, YES, AND WE WILL. WE'LL BE HAPPY TO. AND YES, WE WILL HAVE A CROWLEY ISD SURVEY FOR OUR STAKEHOLDERS THAT HAS A LOT OF THOSE SAME CATEGORIES AND QUESTIONS THAT YOU SAW IN THE [INAUDIBLE] SURVEY. AND THE GOOD THING, DR. BENTON, ABOUT THE ESSER THREE FUNDS IS THIS IS THE FIRST TIME WE CAN TAKE ADVANTAGE OF NON TECHNOLOGY ITEMS BECAUSE AT 2.2 MILLION DOLLARS WAS PLEXIGLASS AND SANITIZATION AND IONIZATION. AND IT'S A LOT THAT WE CAN RECOVER, SO I'M VERY THANKFUL THAT IT'S NOT JUST COVERING TECHNOLOGY THIS TIME AROUND. SO MOVING ON TO THE TEACHER INCENTIVE ALLOTMENT, DR. [INAUDIBLE] HAS PRESENTED THIS MORE THAN ONCE. WE DID SUBMIT OUR APPLICATION IN APRIL AND WE HEARD TODAY THAT WE SHOULD BE RECEIVING THE APPROVAL OF THE APPLICATION IN JUNE, NOT JULY. NEXT YEAR, THOUGH, JUST THE DATA CAPTURE YEAR. SO WE WILL NOT RECEIVE ANY FUNDING FOR THIS NEXT YEAR AND THEN THE 22-23 SCHOOL YEAR. WE HAVE A COUPLE OF ITEMS ON THERE. AND THEN AROUND APRIL, WE SHOULD BE NOTIFIED OF THE DESIGNATIONS AND THE ALLOTMENTS FOR OUR TEACHERS AND THEN WE WILL PAY THEM OUT IN APRIL THROUGH THE SUMMER BASICALLY OF 2023. SO THAT WILL BE IN THE BUDGET FOR THE 22-23 SCHOOL YEAR, BUT NOT QUITE YET. SO THAT BRINGS ME TO YOU ARE 21-22 PRELIMINARY BUDGET AND THIS IS REALLY PRELIMINARY, BUT IT SURE I'M CALCULATING 92.5 MILLION DOLLARS FOR LOCAL REVENUE. 67 MILLION FOR STATE, 2.8 FOR FEDERAL, GIVING US TOTAL ANTICIPATED REVENUE OF 162.5 MILLION. RIGHT NOW THE BUDGETED EXPENDITURES ARE 166.6 MILLION, GIVING US THE POSSIBLE USE [00:55:01] OF OUR FUND BALANCE OF FOUR MILLION DOLLARS. AND THAT IS WITHOUT RAISES AT THIS TIME. BUT I STILL HAVE SOME CLEANUP TO DO AND THESE ARE VERY PRELIMINARY NUMBERS. BUT I JUST WANTED TO SHOW YOU WHERE WE STAND TODAY. BUT IN THAT SAME FRAME OF REFERENCE GOING ON TO WHERE WE ARE PROJECTING TO END THE SCHOOL YEAR, IF YOU RECALL, LAST YEAR WE HAD WE APPROVED A BUDGET OF 156 MILLION DOLLARS REVENUE, PROJECTED EXPENDITURES, 163. WE APPROVED A BUDGET OF THE USE OF FUND BALANCE OF 7.2 MILLION DOLLARS. BUT CURRENTLY THE REVENUE CAME IN PRETTY CLOSE TO A TARGET. BUT WE TYPICALLY UNDERSPEND AND I'M SO GRATEFUL FOR THAT. SO I'M PROJECTING OUR EXPENDITURES TO BE 158 MILLION AND GIVING US A USE OF OUR FUND BALANCE OF TWO MILLION DOLLARS. THAT STILL IS PRELIMINARY, CONSIDERING IT'S MAY, BUT I'M WRESTLING WITH THE ADA THAT THEY'RE SAYING WE CAN USE, SO I DO BELIEVE WE MIGHT BE ABLE TO INCREASE OUR REVENUE FOR THE ADDITIONAL ADA THAT THEY'RE SAYING ARE HOLD HARMLESS AMOUNT WILL BE. AND THEN WHEN WE RECODE OTHER COVID EXPENDITURES, I'M GOING TO RE-CODE AS MUCH AS I CAN TO TRY TO REDUCE THE EXPENDITURES EVEN FURTHER. SO I'M HOPING THOSE NUMBERS WILL ACTUALLY BE BETTER THAN THEY ARE. BUT AGAIN, THAT'S WHERE I AM TODAY. SO WHAT DOES THAT LEAVE FOR A FUND BALANCE ON THE NEXT SLIDE, YOU'LL SEE. WE STARTED THE YEAR WITH THE 34 MILLION DOLLAR FUND BALANCE FOR THE GENERAL FUND, IF WE REALLY DID TAKE THE HIT OF SEVEN MILLION DOLLARS, OUR FUND BALANCE WOULD HAVE BEEN AT 26 .8 WHICH WOULD BE AT 1.97 MONTHS AND 16 PERCENT. SO WE'D BE AT THE BOTTOM END OF OUR RANGE. BUT LOOKING AT A TWO MILLION DOLLAR DEFICIT FOR THIS CURRENT YEAR. WE END THE YEAR AT THIRTY-ONE POINT EIGHT DOLLARS MILLION FOR THE FUND BALANCE, OR BASICALLY TWO AND A HALF MONTHS, WHICH IS PRETTY MUCH RIGHT IN THE MIDDLE OF OUR RANGE. SO. AND I THINK THAT'S THE WORST CASE SCENARIO. SO I THINK WE'RE IN GOOD FINANCIAL SHAPE AGAIN. WE JUST HAVE HAVE TO FINISH THE YEAR AND. DO AS MUCH CLEAN UP AND RECODING AS I CAN. MS. ADRIAN, I JUST DEFINITELY APPRECIATE THE FACT THAT YOU ALWAYS KIND OF YOU ALWAYS PREPARE US. I THINK MAYBE THE WORST CASE SCENARIO, I DON'T KNOW IF THAT'S THE RIGHT WORD, BUT YOU'RE ALWAYS VERY CONSERVATIVE IN THE BUDGET. AND IT'S NICE TO KNOW THAT WE WERE ABLE TO END UP WITH TWO MILLION AS OPPOSED TO SEVEN. SO I APPRECIATE THE WORK THAT THE CISD FAMILY DOES, BUT ALSO YOUR OFFICE AS WELL TO MAKE SURE WE THOSE PARAMETERS. THANK YOU. I AM VERY CONSERVATIVE, BUT THE FACT THAT THE REVENUE CAME IN PRETTY CLOSE TO TARGET IS AMAZING AT THIS POINT WITH COVID AND EVERYTHING ELSE. THIS WAS A REALLY CHALLENGING YEAR. SO I THINK WITH COVID TOO, IT HELPED US SAVE MONEY AND SOME CERTAIN RESPECTS. OUR TRANSPORTATION COSTS ARE DOWN AND IT WAS A WILD YEAR. SO I APPRECIATE EVERYBODY ON OUR STAFF THAT IS AWARE OF THE THE GRAND SCHEME OF THE OVERALL BUDGET AND HOW PEOPLE DO CONSERVE THEIR BUDGETS AS WELL. SO IT'S A TEAM EFFORT. SO ALSO, MS. ADRIAN, IF YOU COULD IF YOU COULD GO BACK AND JUST KIND OF REMIND US WHAT WAS PLACED IN THE FUND BALANCE THIS YEAR AT THE END OF THE AUDIT FOR THE YEAR. I DON'T KNOW, OFF THE TOP OF MY HEAD. IT WAS FOUR MILLION. I GOT IT. OH, IS IT? YES, YES. WE ACTUALLY BUDGETED, YOU KNOW, OF COURSE, EVERY YEAR WE BUDGETED TO GO TO TAKE MONEY OUT OF FUND BALANCE. BUT WE BECAUSE OF CONSERVATIVE BUDGETING PRACTICES, WE END UP CONTRIBUTING. SO I JUST WANT TO GO BACK AND REITERATE THAT WE DID PLACE FOUR MILLION IN THE FUND BALANCE AT THE END OF THE AUDIT. YES, YOU ARE CORRECT. RIGHT. YOU ARE CORRECT. SO THIS IS THE REMAINDER OF THIS YEAR, WHICH IS ONLY MAY AND JUNE WILL MEET AGAIN MAY 27TH. AND I'LL BRING YOU BACK UPDATED BUDGET NUMBERS AND YEAR END NUMBERS. JUNE 10TH, WE HAVE A CALL BOARD MEETING. I ASSUME I WILL BRING NUMBERS TO YOU THEN AND THEN JUNE 24TH OF COURSE WE'LL HAVE THE PUBLIC HEARING AND THEN THE BUDGET ADOPTION AT LAST JUNE BOARD MEETING. [01:00:07] ARE THERE ANY OTHER QUESTIONS THAT I CAN ANSWER? ANY OTHER QUESTIONS OR COMMENTS FOR MS. ADRIAN? ALL RIGHT, WELL, MS. ADRIAN, THANK YOU FOR YOUR BUDGET UPDATE AND FOR OUR REVIEW TO THE BUDGET PROCESS AND GETTING OUR UPDATES OVER THE NEXT FEW MONTHS AS INFORMATION COMES IN. SO THANK YOU. THANK YOU. ALL RIGHT, THIS NOW MOVES US TO EXECUTIVE SESSION. [7.0 Executive Session] AT THIS TIME, THE BOARD WILL ADJOURN TO THE EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE BY 551.074 EMPLOYMENT OF ADMINISTRATIVE PERSONNEL. OTHER PARTICIPANTS MAY REMAIN ON THE LINE AND THE BOARD WILL RETURN IMMEDIATELY FOLLOWING EXECUTIVE SESSION. WE ARE ADJOURNING TO EXECUTIVE SESSION AT 8:09 P.M.. TRUSTEES, WE WILL USE A DIFFERENT EXECUTIVE SESSION LINK FOR THIS MEETING THAN THE EARLIER ONE. IT'S THERE IN YOUR BOARD NOTES. THANK YOU. ALL RIGHT, WE ARE BACK IN OPEN SESSION AT 8:45 P.M. [8.0 Consideration and Possible Action Item(s)] WE ARE NOW IN OUR CONSIDERATION AND POSSIBLE ACTION ITEMS. AGENDA ITEM 8.3 EMPLOYMENT OF ADMINISTRATIVE PERSONNEL. ASSISTANT PRINCIPAL OF DEER CREEK ELEMENTARY SCHOOL. DO WE HAVE A MOTION? YES, SORRY, I WOULD KNOW THAT WE WOULD FOR THE POSITION OF ASSISTANT PRINCIPAL OF DEER CREEK ELEMENTARY. THANK YOU FOR YOUR MOTION, MR. RAY. DO WE HAVE A SECOND? I'LL SECOND. THANK YOU FOR YOUR SECOND DR. WOODS-MAYFIELD. MOVE TO VOTE, DR. KIRCHNER. AND MS. ROBINSON. YES. THANK YOU, DR. MAYFIELD. YES. THANK YOU, DR. HALL. YES, THANK YOU. MS. DAVIS. YES. THANK YOU, MR. RAY. YES. THANK YOU, MR. GRASSIA. YES. THANK YOU. AND DR. BENTON. YES. THANK YOU. THANK YOU. THE MOTION PASSES UNANIMOUSLY. CONGRATULATIONS MRS. [INAUDIBLE]. WE REALLY GOT TO START BRINGING PEOPLE BACK AND INTRODUCE THIS FROM OUR VIRTUAL WORLD. I MISS INTRODUCTIONS AND THE FACES. ALL RIGHT. AGENDA ITEM 8.4 EMPLOYMENT OF ADMINISTRATIVE PERSONNEL, ASSISTANT PRINCIPAL OF PARKWAY ELEMENTARY SCHOOL. DO WE HAVE A MOTION? YES, I RECOMMEND [INAUDIBLE] FOR THE POSITION OF ASSISTANT PRINCIPAL AT PARKWAY ELEMENTARY AS RECOMMENDED. THANK YOU FOR YOUR MOTION AND TRUSTEE ROBINSON, DO WE HAVE A SECOND? I'LL SECOND. THANK YOU FOR YOUR SECOND TRUSTEE GRASSIA. MOTIVE TO VOTE PLEASE. MS. ROBINSON. YES. THANK YOU, DR. MAYFIELD. YES. THANK YOU, DR. HALL. YEAH. THANK YOU. MS. DAVIS. YES. THANK YOU, MR. RAY. YES. THANK YOU, MR. GRASSIA. YES. YOU AND DR. BENTON. YES. THANK YOU. THE MOTION PASSES UNANIMOUSLY. CONGRATULATIONS. WE GOT NEW FAMILY. CONGRATULATIONS TO OUR NEW CISD TEAM, FAMILY MEMBERS. I DON'T KNOW HOW YOU'RE GOING TO DO IT, BUT WILL IT BE A POST? WILL WE SEE THEM? HOW ARE WE EVEN LIKE WELCOMING PEOPLE IN OUR NEW VIRTUAL SPACE? OVER EMAILS AND WEBSITE. OK, AND WE'LL PROBABLY WELCOME ALL OF THEM IN MAY AT THE END OF THE MAY BOARD MEETING. OKAY. ALTOGETHER. ALL RIGHT. THANK YOU. ALL RIGHT. WELL, IF THERE IS NO FURTHER BUSINESS TO BRING BEFORE THIS BOARD, WE ARE ADJOURNED AT 8:48 P.M.. THANK YOU, CISD FAMILY DR. MCFARLAND, DR. [INAUDIBLE] EVERYONE. THAT'S STUCK WITH US THIS LONG. WE'LL SEE YOU NEXT TIME. SAME TIME, SAME PLACE IN TWO WEEKS. * This transcript was compiled from uncorrected Closed Captioning.