##VIDEO ID:zvT_EAxvcwU## all right we're streaming thank you thank you good morning everyone we're going to go just one week out of or one meeting out of order so we take advantage of this little bit of time that we have last night the internal monitoring report was shared with the board and there's really little out of the ordin to share so I believe that we can can get through this and make sure that these are saved over to the fact Drive they're certainly on bort dos they were I think we had them on B dos last week but we'll make sure that we get those over to the fact Drive every uh quarter then we're responsible for uh providing we have to provide couple of different things to the board one is of course the monitoring report but the other one is actually the quarterly financials the quarterly financials are actual versus budget and then where we think that we might end the year so this is what is required every every quarter and Gina generally gives this presentation to the board as she did last night first piece is monitoring the fund balance and reserves and as we wrap up the audit for last year then we'll be posting the the audit and it will show where the reserves ended for the prior year and we were ahead of where we believed the reserves will be the biggest component here is that we ensure the board that we have no less than 4% and no more than 8% of general fund revenues as unassigned Reserve and I think if if you remember how I defined unassigned Reserve is if Taber and our multi-year obligations are required if we have assignments for very specific purposes such as insurance and we had shared that with you the other major component other than insurance is also our instructional material those are the pieces again that we ensure are properly reserved for so that when those expenses do occur they're certainly predictable that we've set aside those funds then when we look at the unassigned unassigned is defined as if it isn't one of the other ones then it's unassigned so it has no real definition other than to say it isn't restricted it isn't assigned therefore it's unassigned and unassigned fund balance historically had had a um had had a best practice somewhere a around two months of expenditures or somewhere around 15% the state of Colorado's fund balance is at 15% required by Statute however our board has said no less than four and no more than eight and that is based on the expected volatility or unpredictability of revenues and expenditures and as a school district we've generally been somewhat predictable other than say the floods we had the floods and then of course we had we had Co I would say most of those were fairly unpredictable so when we look then as a percentage of general fund revenues we see and I'm color blind so this is fantastic so we see this top this maximum 8% line here and you can see that we've generally never um we've never been close to that number and you can see our actual unassigned fund balances for the prior 3 years plus the forecast for the current current year and that we then meet the requirements of the statute uh not statute sorry we meet um board policy and we meet the PO the requirements of of the monitoring report so that we are in compliance couple of times ago we talked a lot about where our investment policy is and why it needs to provide liquidity in in policy and the limitation is that we would have expenditures um over that 30-day period so when we talk about fund balance Reserve we say unassigned cannot be less than four and it cannot be more than eight at the same time we want to make sure that we have cash liquidity over a 30-day period and certainly we meet that standard and we been in compliance with that standard we've already talked about the investment policy and The Prudent investment standard as well as our our cash and the differences between cash and fund balance which we've um discussed so what does that look like when we look at our average monthly operating expenditures you can see that we are down here and certainly our cash position is well above our unrestricted cash position is well above the 30-day required for operating expenditures and why is that historically this number here would decline rapidly into February the reason for that is we use State share through February to run operations and then as taxpayers uh pay their property taxes we then collect those in March May and June and because we collect those in March and May and June we are actually spending down those funds in the subsequent Year all the way down to February until we start collecting until we start collecting property taxes the piece that I would say though is that there has been a statutory change and the statutory change that I mentioned was we used to collect this money here over a 12 month period so we were collecting the state would pay off our state Equalization over nine or 12 months now they're paying it over nine and that significantly adjusted our cash position which we're very happy about it's going to allow us to make a few adjustments to our investment strategy we as part of the monitoring report in the limitations obviously is that we want to monitor accounts receivable and accounts payable and we want to make sure that we are doing so without being charged any of these penalties anytime that we do or or or late fees anytime that we even would we generally are working with the vendor because we believe it's more of the vendor not being able to apply the payments on time and that has certainly happened for many school districts across the country with Excel Energy anyone who's using Excel Energy they've been having quite a bit of time applying bills uh payments to bills and so we've worked with them to ensure that we are not paying any uh penalties again uh I would say that of course Chris cannot on his own superintendent gdowski cannot on his own decide to borrow money he can't do that no bank would allow him to do that no no bond would allow him to do it they all require a board authorization and a board resolution and so we do report compliance and then what we do is track bonds and our mlo and we are tracking from the 2018 the remainder of the 2016 bond that all of those funds have been spent and that we track mlo expenditures in furtherance of board policy and we do that through the budgeting process uh Aon I'm so sorry to interrupt we have transportation just FYI we have them on set up and so certainly we have audit compliance and internal controls some of the internal controls we've went through at a prior fact meeting and then we will continue to talk as we move forward with our RFP process in those RFP processes now not only aligning to gfoa recommendations but also to federal and state requirements and we are reporting compliance there the audit also ensures compliance so we then would show our corly financials and once we have our other two we finish on the flip side of this of the presentations we have now we'll then come back and I'll just give you a quick update on the quarterly financial statements and why that's important it's required statutorily that we provide and that the Board review no less on a quarterly basis the financial condition of the district so that is also why we provide the corly financials it it works really well because we provide the quarterly monitoring report at the same time that we provide the quarterly financials so we'll come back to this once we hear from Transportation um and it I believe on the assets and we'll come back to our corly financials thank you how are you today y good morning everyone we're doing well great and E would you rather uh do you want to present or do you want me to pull up your presentation if you're able to pull up our presentation we have the notes on our side and our fleet manager Albert Francisco will go through the data and then we'll answer any questions so Albert the only thing I'll ask is you just tell me when to go to the next slide and I will do my best to pay attention and and get you through those pieces excellent thank you so that's aside protection can get one more yeah I believe it's only one page okay um so let me let me make sure let me go first Albert let me just uh highlight the let me increase the size here of uh the table so we can talk first about uh the table and why that's important and what are the CDE requirements for vehicle inspections so I'll turn it over to Albert n the and the transportation team so Albert will you please introduce yourself you maybe uh introduce yourself and the rest of your team who's on this call please before we get started sure uh I can start eigor petrovich I'm the director of transportation and uh with me I have Albert Francisco and Oz Flores and then go ahead and introduce themselves and their roles with the district hi uh I'm Albert Francisco I am the fleet manager uh good morning everyone uh o Flores I'm the transportation operations manager I'm want to turn it over to you Albert sure well good morning everyone um the uh report that you're looking at is for our Colorado Department of Education required uh state inspections they are annual ually and uh the requirements for them is that they are done in the month that they were done prior so if you were to do uh complete a CDE uh state inspection let's say on August 2nd you would have until August 31st to get that completed before it would be considered um either late or just uh at a compliance if you didn't do something else so uh the report that you're looking at here shows that we had a total of 160 inspections uh that were required to be done out of those we had 153 that were completed on time the one note that I want to make here that's important is that none of them were out of compliance they were just late as due to the the month that they were due in so the various reasons are listed below but every vehicle that was uh not completed within the month that it was in it was either down meaning it was red tagged and not driven which keeps us in compliance with state regulations so three of the inspections resulted from uh them just being out for repairs at vendors and when as soon as they came back from the vendor we were able to complete those inspections three of them were caused by workload and Staffing uh we have had a reduction in staff during this past year that we are getting close to uh filling but during those times when you um have vacations and things like that they had started the inspection but the the person that was on it was either on vacation and couldn't complete it and they completed it when it came back again the vehicle was down it was red tagged it was not out of compliance and then one of the inspections was a clerical error which was one of the newer vehicles that we purchased I believe it was 11:05 from countless and what had happened was is they had done the inspection when they received it but we didn't receive it for almost 40 days after they had received it for other complication something wasn't installed properly on it so they kept it but when we received it that was the date that we had entered as the the inspection being done and that clerical error wasn't found until we came to that oneye inspection when they had done it prior and it was at like I think it's 45 days uh earlier um so that was just a clerical eror of of why that inspection wasn't done on time and that's it that is it that it great and so Albert would I I'll bring this up and over um but what we do also want to share with with the committee is as Albert was talking these are statutorily required and then the board passes board regulations and these are the board regulations that transportation is required to follow there are two sets of of regulations that come from the state one is centers around drivers specifically and then the other ones around the transportation and the rules around the vehicles and we are audited on this Albert I'm not sure the last time uh CDE did a quick review of either driver files or or the fleet file when was that last time that CDE came if you remember so that was um during the pandemic and they were not on site it was either 2020 or 2021 and we are due for an audit this school year so they will be visiting this year and so what I'll do for for the benefit of of the committee if there ever really want to dive into um the uh the requirements for transportation these are these are in here and you can see that we have two pieces over here we have the minimum requirements for vehicles uh the operation of those vehicles and uh of those drivers and so all of the CD training that's required I would argue quite correctly because why would I argue if I wasn't correct cor that out of the entire District the one group of individuals that are required to have continuing education it is our bus drivers and so we thank them so much they are Educators they are the first Educators that every kiddos sees in the morning and they are the last Educators that kiddos see at night they're very important to everything that we do and in order to provide that this is um Igor Albert o and their teams to make sure that we have working working um vehicles and then also that we have our drivers prepared and we have our drivers through the number of hours that they're required to have for for training and certification Igor can you remind me how many hours give or take that our drivers are required to have sure CD requires us to have six hours of yearly training for our drivers but we go well above that we do an inservice every year before the start of the school year and as of the calendar change uh we do have four additional days that we've implemented as either training days or bus cleaning days so we'll have at least two training days in addition to the six hours that we're already providing before the school year starts and then as we see uh how the school year goes we um May introduce even more trainings if there are regulations or things that we need to go over and the last thing that I I would mention here is historically the state of Colorado has been at the Forefront of setting setting minimum standards for buses and you can see up at the top the CDE certified bus manufacturers there's a very specific set of rules that that Bluebird Etc must follow in order to to comply with State LA and actually before we can actually purchase those vehicles and Colorado has been at the Forefront of pushing those manufacturers as to what's required for safety Etc and those buses as Albert mentioned then are required to be inspected on an annual basis the last thing I would add also Albert is that we want to emphasize that whether a bus drives uh whether it moves one mile or not throughout the year we are inspecting that bus and uh so just know that we we do have vehicles as we rotate our vehicles through inspections we need to have enough vehicles in place so that when we have vehic who are in inspection that we have other vehicles replacement Vehicles who then can go out on routes Etc and be prepared so what happens is we have that rotation as Albert mentioned of of all of our vehicles whether they're on used for athletics or or activities as well as through routes that they have significant or they have sufficient sorry sufficient number of vehicles to continue operations while the number of buses are being are being serviced and I would just tell you and this is the greatness really of of transportation and of Albert and his team is you will notice that they do 160 in a year so just divide that by 12 and we have a we have an inkling of the amount of work that they're doing on our Fleet and I would say on on behalf of the finance team on behalf of of the the fact I want to be able to say to Albert o and eigor that we appreciate what you do and that is extremely important not only because it complies with state law but we would do it anyway for the safety of our students so I'm going to open it up to our our fact members if you have any questions James molini Kelly maxus Venus you're all on if you do have questions for the transportation team feel free to unmute so you can ask those questions good morning thank you so much for the information this is Kelly burstrom I apologize I'm I'm not feeling well enough to go on camera today but quick question I noticed that the um date listed on the State website said effective October 30th of 2024 I know you guys have done these annual inspections um having served on the fact for a while but it are those new rules or is the state just now I'm just trying to understand the effective date of October 30th were there changes to what you have to inspect or just is the state now looking at it closer the e um they Chang their rules the State Board um adjusts those rules rules have been in place since I don't know the beginning of buses so Kelly the piece there is that these are the current rules that are effective October and so as the ru making process so this is a technical Ru making process that goes from the state board um through the Secretary of State until those um those rules are published on the Secretary of State's webs site then they're effective going through the notice period Etc all the requirements for setting um setting those rules gotcha super helpful and then other question um just sheer morbid curiosity about it looks like you're doing about 13 inspections in a month based on aerin's back of the napkin math how long does it take you to do an an annual inspection amongst all your other numerous duties so I say the average is about a week week and a half to two weeks it really depends on the age of the vehicle um so obviously the older the vehicle the longer it usually takes um sometimes the PMS that are coming around are due because of the mileage that are there so it increases the amount of work that's done in one period for them such as having to do transmission work as opposed to someone that doesn't have to do it for their a PM that they get it in that day so it usually averages about a week and a half to two weeks awesome super helpful thank you dear you bet Albert and I I talk way too much so was there anything that I I said that was incorrect or need further explanation no absolutely not the rule changes as you had pointed out are just things that they um will update from time to time there was nothing on the inspection side of the house that has changed um most of the things are minor one like one example would be that we're no longer permitted to have stickers on any of the Windows like a now hiring sticker or anything like that but there was nothing on the maintenance end um there were some operational changes and things that were were already have implemented or working on implementing now I have a question was the interruption of service because of unexpected breakdown no so we we never uh saw a I guess a break in service um all the inspections and uh really to uh eron's point we had a a good ratio of of spare units that we're able to tap into in the event we have to pull a vehicle out of service whether it be for maintenance uh purposes or breakout reasons great so last year we were talking about Staffing issue is this year an issue for for the past fiscal year yeah yes um so some of the mechanics that uh we lost were at a at a Master Level so what that means is the years of experience and of course their their technical skills that they have and we have that ladder here in this District uh so we have a Fleet One Fleet two and a Master Mechanic and losing somebody that has that that skill level at a master is quite difficult to replace um so when you lose someone with that much uh knowledge uh it just takes time to to get someone in here to do this so that usually impacts uh the amount of inspections that you can do a month we have been excuse me sorry we have been able to hire we're almost fully staffed Albert is still looking for one more mechanic but we've um had some tremendous hires over the past year and we're getting very close to being fully staffed so it doesn't but it doesn't have any impact on your daily operation okay no it does not thank you thank you so much uh you are Alber at Oz thank you so much for being here today and participating in this process we very much appreciate it thank you all thank you guys appreciate it thank you and now we'll move on uh to the the next piece and and that is our our it asset protection and Greg Mortimer is on the call and Greg I would just ask do you want me to have this presentation up or would you rather present uh I think either it's it's it's fine if you uh keep it up there I think it's only three slides so happy to do that great if you can introduce yourself uh to the members of committee and we can get started yeah sounds good thank you eron so uh hello my name is Greg Mortimer like eron already mentioned so um I have the Good Fortune to serve as the Chief Information Technology officer at uh at Adams 12 or or put in more plain English I'm the head of the IT department and and happy to be with you all I've got to uh confess a little bit I'm jumping back and forth between our long range uh our LR pack meeting and then this meeting and so I think I got here just in time uh so anyway we can go ahead and jump to this next slide Erin so right so in the 2.5.4 asset protection portion here um what what we are the part in it that is measured in in this uh monitoring report is our uptime for our Key Systems and so uh the the goal that the state goal in our monitoring report is that for our Key Systems which you can see outlined there uh that we'll have up at for 99% of the time and as you can see we we've reported out here what have been identified as the Key Systems for this monitoring report uh that probably most of these are pretty uh self-explanatory why those have been identified our student information system in other words inin in campus is pretty key not just for being a being able to take attendance but all kinds of important student information from health information to contact information and so forth is in that system we obviously need to have that up a high percentage of the time our HR and finance systems internet availability it's interesting um you know just a few years ago uh it it was uh it was looked very different in terms of how Reliant uh instruction is on online resources but that becomes more so every day our phone system absolutely from a a student and staff safety perspective if phones are not operational that creates a lot of uh risk for students from a student safety perspective Ive and then also when we're talking about cloud email and office productivity apps for the most part this is what we call our Google workspace so for email um and then also calendaring and probably most importantly for instruction uh everything from Google docs to slides to spreadsheets Etc and then also when we're talking about our identity and access management system uh depending on what your background may be with this group that may or may not mean something to you but really this is the ability to log into the system to to our Network and all the systems that are accessed via that if that is down then we're kind of dead in the water uh people can't log in and can't have teaching learning and a lot of our of our um operational activities going on and so the goal is to is to hit 99% uptime it's interesting within the it space A lot of times people will uh there'll be discussion around the number of nines of uptime ranging anywhere from two nines in this case 99% to the gold standard would be 99.999 and U we've had some inter some conversations internally it's like should we look at moving to the next level should it be 99.9 or beyond that it is interesting to note that as as you add another nine of availability the the costs don't increase linearly they increase um maybe more geometrically as kind of increasingly it becomes an increasingly steep curve so 99% it's worth mentioning that this is as measured by uh school hours is we're not talking about after hours weekends Etc and what that translates to is up to 13 hours of downtime throughout the year now for our last fiscal year I remember this day very clearly because of the disturbance it caused for the district I think it was September 7th uh we had the network went down for 6 hours and 37 minutes and that was uh that was a very nerve-wracking time trying to get things up and you realize the network goes down and you're impacting literally tens of thousands of people from students to teachers to families Etc and so even with that outage uh six hours and 37 minutes we we did meet uh the the goal of of less than 13 hours of downtime throughout the year so a couple things that are worth noting like say for instance if we did want to look at uh somehow making Investments to increase that uptime a couple things are are worth noting for this current fiscal year the numbers of which are not reflected here we we have had a couple of incidents that were caused by Major vendors one um Microsoft and another one crowd strike when they we we use extensively their applications and when they released uh some updates that were not sufficiently tested that resulted in some pretty significant downtime for the district and so less than 6 hours and 37 minutes but it it was it was certainly disruptive so that's if anything it's a call out to an increasingly complex technology um environment that's not just on our own network here but also as we as we uh depend on services from really large and and um widely used vendors right so um recognizing that there are some elements that are beyond our control one of the things that we started to uh get serious about this year is developing plans for those times of we're going to have when we have technology outages uh throughout the district people can have a better understanding of what to look to for backup plans uh really like what are tasks can be done without some of our Key Systems and so what we've done is since July up until a couple weeks ago we interviewed 18 different groups throughout the district including Aon and his team and people in HR also uh on the learning Services side we interviewed uh some executive directors we also had the opportunity to speak directly with a number of principles at each level throughout the system and we we walked through there in that interview system to say okay if we assume like say a 24 to 72h hour outage if something were to happen it could be a a a ransomware attack it could be uh just a failure of our own equipment it could be something caused uh inadvertently by another vendor what are what are the systems that you're most dependent on and then if we were to assume a two to three day outage what are some some items that we would what are some backup plans that we could have in place and like say for instance I know that Aaron and his team they have some backup plans about how to get payroll done some items like that and so uh we we finished those interviews um about two weeks ago and collected a ton of data we're in the midst right now of compiling that data and we'll be going to um to Cabinet before too much longer to make some to give an update kind of an executive summary of what we learned and then also making some recommendations about some uh some backup plans that could be in place in the event of of future outages so I wanted to give that additional context there and ER I think we've got one more slide here if we can move over to that one um and you know what I think I I've covered part of this um slide already I did mention the up time is measur during the school day uh this other part I yeah just some insight into what we do when we do have outages by the way if we I we gave a similar update last year to to fa and so if you were on that on that uh part of that conversation I apologize for the redundancy one of the things that we do do is whenever we do have an outage of a major system and other systems as well we we document that and we provide an executive summary for that and then if it's a significant incident we do come together as an IT leadership team to debrief that to review it and then to look at um to look at in uh any any Lessons Learned or process improvements that we can make as a result of what we learned from that outage and I'll mention one of those process improvements that we've made is getting more serious and more methodical about uh doing this incident response interviews that I mentioned a few minutes ago the other part is that we have uh because of an outage that we had earlier this year with with Microsoft I think it's worth mentioning they released um an just a normal security update and then it inadvertently uh took down another system the challenge was that we had it took us several days to get to the right level of Microsoft's support to be able to um get some additional help in troubleshooting that and putting in place a fix so one of the things that we've done as a result of that is we've been U having interviews with a number of kind of Technology Partners who would have more clout with large vendors than we do and to put in place some sort of agreement where in the event of future outages like that that we could quickly escalate to kind of like an advocate on our side to help us resolve some of these outages more quickly so I I think that about covers it uh the key items on those slides and along with some additional commentary so I'd like to pause and see if there's any questions from the group this is Venus I have some questions was there any outage of services which impacts the operation so serious that it should be a a concern we should address sooner than later or it just normal aage so I'm not I'm not sure if I was able to hear everything you asked something along the lines of there are some outages that are so significant that we we it it be of concern we need to address that uh it's because of Staffing issue is because of the software need to be upgrade or it's because like Capal uh improvements like devices oh okay yeah I got it so that that's a great question for when I look at the outages that we've had over the past couple years including this fiscal year uh none of those were were related to outdated equipment um and so like if if we take the outage that occurred in September of 2023 uh we have something called a a storage area network and then we also have another piece called a core network switch and that may or may not mean much to you if if you're not in the IT world but those are t two key fundamental pieces of our Network for uptime they're made by different manufacturers and in that case it turned out that U our storage area network had a um we were applying an update that we we that you know that we just need to do what you routinely with technology updates we tested that as thorough as thoroughly as we could but it it didn't play well with our our core switches and so it turned out that that was a bug uh in our storage area network that had to be addressed and so in in those in those cases that you know the equipment that we're using was was current and we're grateful that that we have the funding to put all that in place but again it was just two complex systems uh not playing well together so so again that kind of speaks to the complexity of the technology space um but wasn't related to say a lack of investment in those in those spaces did I did I address your question yeah equipment Wise It's good do you have any concern on Staffing do you have enough staff yeah I appreciate you asking that so um I feel very fortunate that we've even in these times that K12 financing is fairly is fairly challenging um it's well documented that um you know K12 is not sufficiently funded in Colorado um but in spite of that you know we we've had a lot of support from from cabinet from the superintendent and from uh from the board to increase some it Staffing in key areas and so one of those areas for sure where I think that uh We've we've been especially fortunate is in our cyber security team we actually have a team of five cyber security folks and we've the the district has been willing to make some significant investments in technology uh tools to better protect our networks and um I'm not aware of another K12 District in Colorado that has that degree of Staffing so we're grateful for that I would say that we have sufficient Staffing on what we call our infrastructure Services team and that's the team that supports our our data centers um and our Network and all the network gear uh you know they C that that team definitely carries a fairly heavy workload but especially by K12 standards I I feel like we're we're sufficiently staffed in that area there's some there's some other areas of it that I think might be somewhat understaffed compared comparatively speaking but in terms of critical infrastructure I think that we are I think we're sufficiently staffed in that area and again I I feel very grateful for the support that we've had from District leadership to you know to support those Investments thank you thank you Greg mentions that um the percentages are based on school hours or school day work hours so is it safe to assume that maintenance windows and upgrades are done outside of those and those percentages are agnostic of that that is a correct assumption yes yeah gotcha okay just make it sure thank you yeah yeah thank you the other question that I had was um do you I guess ultimately I know the district has made significant um expenditures like with with Chromebooks and such and transitioning to cloud-based and and more internet type capabilities do you foresee um do you have like a regular refresh schedule for those um types of things hey that's a great question by the way do you do you happen to be U it or it adjacent those are those are I'm just curious I'm I'm an it I've been in it for 21 years okay great so uh yeah we we do have a refresh schedule that we are uh in the midst of refining so uh let's see there's there's a couple different areas that are worth calling out uh we have had um some significant funding during from from Co funding from Esser funding and and then also some some grants in the federal space that allow us to ramp up pretty quickly for uh sufficient number of Staff devices and so uh and those are those are mostly Chromebooks although we do have I'm sorry I said staff I meant to say student devices and so we we we do have uh we do have a sufficient number of of of Chromebooks right now and and we have identified some budget that you know for a replacement schedule of those we uh although we are at this time as we're moving into the budget uh season we want to make sure that we have those numbers as refined as possible and I was meeting with the folks who were the head of our device team yesterday just to see how we're doing in that space and I think we're getting we're getting to a pretty good place there the part that we have a uh a bit of a question mark now is last year almost exactly a year ago um we made a decision to centralize the funding and then also the management for staff devices for laptops primarily for for uh folks in in departments and schools uh up until last year it' been up to departments to be able to um you know to to identify and funding in their own budgets for for uh for laptop Replacements and so we think that it makes a lot of sense to centralize both the the budget for that and then also the uh the the administration of that and so there over this past year we've been doing a lot of work to uh to make sure that we have a good understanding of the total number of laptops and other devices that are out in schools different principles and other department heads would make various decisions about how many devices are needed for a school and then also say a variety of devices you know um maybe choosing MacBooks or or or whatever sort of brand that they might want to have for windows-based devices and so as we consolidate and standardize on that we'll be able to uh save uh budget over over the Long Haul because of that space But we are we're still in the process of of wanting to identify um you of having a good long long range plan for staff devices and in fact we have a meeting scheduled fairly soon with ain's Team to look more closely at what our projections are over the next number of years and that is a bit of a question mark As we head into our budget season in terms of how best to fund that so that's a space that's becoming less and less blurry over time so um other follow-up question around that Kelly or does that address your your question hope that takes care of it sir thank you very much I appreciate the info yeah thank you other questions Aon they're going easy on me not too many not too many tough ones here save those up for next time okay great thank you so much Greg and on behalf of the committee we appreciate that you're coming in and supporting the work of the committee so that they can support the board thanks thanks so much youall have a good day you too okay so now I just quickly in our our last8 minutes or so I want to go over just the last piece of the board presentation from last night so bear with me as I reopen presentation okay and for the purpose of of this part of the presentation what I want to do is mostly concentrate on the general fund but certainly we can just jump to the other pieces I might where going just a bit out of uh order here we've I added corly financials mostly because I needed a filler and I wanted to fill some time so when we look at um the cly financials and I'll increase the size of this what I mentioned earlier is that and I want to highlight is you'll see right here on this line this is our state Equalization line and of course it's not going to highlight unless I'm slower you'll see that traditionally in the prior year that we at this point during the first quarter we had been at 25% of our state share and as I mentioned because of the change to state law that we're no longer receiving 112th every month we're now receiving 1 nth and because of that we're now at 33% so we always want to point that out because we did get a question wow are we really so far ahead that we're going to receive that much more in state Equalization no it was a change to state law so that is a piece that we want to to point out additionally I want to point out the other piece that we talked about is because of this change in state law then it's allowed us to invest and continuing to invest more of those funds because instead of the state retaining their portion over 112th instead of 1 nth instead of them holding on to it and gaining interest on their side we get to do it on our side so know it's a very good piece for us and you'll see here that already above budget or almost above budget 69% of budget even just through the first quarter of the year and there are two factors of that one is because we have additional funds due to the state change but also because interest rates remain higher than we would have expected them when we put the budget together back in in March February March time frame there was certainly quite a bit of discussion about how many times the Federal Reserve would have ratcheted down rates by now and they have not done that and we expect as most economists now expect that there will be a pause in December January and probably through February before the Federal Reserve again is in a position where they believe that they would adjust in any meaningful way so we would continue to expect with increased cash balances as well as increased over budget interest rates that we would then expect Those portions to continue so that is um really quite good so I wanted to share those pieces with you on the corly financials I would say that you'll see here we're just a bit above his historical what we would be on uh expenditures but that is really not a meaningful variance because purchase Services can happen at any time and those the rest of it other than salaries and benefits can be quite fluid throughout the year I will also say that under salaries and benefits you'll see that that is directly related to where we were in the prior year and why are we not at 25% of salaries and benefits if we're a quarter of the way through the year it is because that teachers are not paid um their contract ends in July which is the first month of the new f year so their salary increases do not inur occur until the CH the August payroll and then we would recognize the FY 2425 salaries including teacher salaries or licensed educator salaries over the remaining part of the year so we're very happy to present these to the board where we feel as if those pieces are quite okay and then the rest of of the of the slides are all of our other funds which are quite fluid and all reserved properly and they include our instructional reserve and I mentioned that we've always had that as part of our assigned fund Bal as Greg mentioned we also have funds set aside for as Kelly mentioned ensuring that we have money set aside for a calendar of a replacement schedule and so we keep track of those funds individually and ensure that we're res reserving them and as we've talked in other times of the risk we make sure that we are also tracking our risk and our risk assessment and where we are in in paying the those premiums and then yes I'm sorry I I know I was uh late joining today uh and if you guys have already covered this uh we certainly can you know move on past it I'm just curious you know obviously recently we we had an election with a couple of things on the uh you know on the ballot for the district uh you know the bond measure and the mill increase um I I believe the bond measure pass the mill increase did not um have you guys assessed like what should we expect is there anything that the finance and audit committee needs to be aware of uh you know how will these financials are how how are you guys expecting these financials to change um as a result of either of those you know one passing and one not F so we'll address I think first the bonds that is the easier piece is that the $830 million of bonds did pass as Mike said and what will happen there is we'll begin issuing those Bonds in January we'll issue approximately 180 million in the first trunch and that we would expect to to spend over the first three years of the bond period we expect the bond period to last anywhere between six and 8 years so we have those items planned out we feel as if we have a really good handle on on the timing of those PE of of how we'll stagger those projects out and that has been shared with LR pack and I'm happy to make sure that that we get that presentation into our folders for FR as well on the flip side as you mentioned the $ 345 million milary override did not pass I think there were very specific pieces within how we expected to spend those Mill Levy override funds and that included the increase of CTE expansion of CTE and a couple of other issues those obviously will be put on hold until the board or until the voters are able to approve a mid Levy override the board did discuss last night as to whether begin planning and thinking about whether they would put something on the ballot in in two years or four years or what the right timing is for that if you know about Douglas County you'll know that they had put a bond issue on the ballot every year literally quite literally every year until the thing passed and it finally passed I think their voters finally had enough of it being on the ballot so they voted yes I'm not sure so as we go into the budget cycle uh now we're in starting the budget cycle for the 205 26 school year and we'll be assessing how not having the mill will impact any of the future budgeting pieces I think the biggest thing that that we've seen Mike is that there won't be an expansion of programming our expectation is that we can continue the programming that we have at the same time there has been and and the superintendent has announced many times that we did have some one-time funds and uses of onetime funds in this year's budget and that has really been something that has occurred all through the covid years that there's been some expenditure of one-time money what will need to happen I think in looking at what will happen with the school Finance Act and the number of kiddos that we have I think will looking at the impact of those one-time funds and whether or not we can continue some of those programs but I believe the superintendent has indicated that there would not be there would not be a need to make any of those downward adjustments I would say in the upcoming year the other thing I think that was mentioned last night I think I think those were the biggest the biggest pieces but um I think as we wrap up this piece what I'll I'll go ahead and do is uh stop recording and then we'll go ahead and and continue working on the monitoring or