Bond Oversight Committee reports to Board
É«ÎÑÎÑÎÞÂëÒ»Çø¶þÇøÈýÇø’s Board of Trustees meeting on June 18, 2024, is in the books, and here are few highlights.
It’s budget season. The new fiscal year for É«ÎÑÎÑÎÞÂëÒ»Çø¶þÇøÈýÇø starts on July 1, so the board approved the 2024-2025 budget. It includes a 4% raise and other compensation adjustments that will keep É«ÎÑÎÑÎÞÂëÒ»Çø¶þÇøÈýÇø one of the top paying school districts in North Texas. Like many other school districts across Texas, the budget shows a deficit for next year, but the district is fortunate to have significant reserves to cover the gap. The board knows the district cannot rely on reserves in the long run, so it directed the administration to continue — and significantly expand — deficit-reduction strategies that will make the budget sustainable, while still prioritizing staff and students.
The board also heard a report from the Citizens Bond Oversight Committee. The CBOC is a group of 11 community members appointed by the Board of Trustees to provide findings and recommendations to the Board relating to the 2019 Bond program. They meet quarterly to assess bond progress and expenditures and to tour bond-funded construction projects. Watch the full board meeting to hear the report or visit the CBOC webpage in the coming days to read the presentation.
The board also appointed new members to the CBOC and the committee leadership for next year. It also appointed new members and chairs for the Financial Futures Committee. The FFC, comprised of 18 volunteers, advises the Board by providing findings and recommendations related to budgets and long-range financial planning.
Finally, trustees considered and approved the schematic design for a new É«ÎÑÎÑÎÞÂëÒ»Çø¶þÇøÈýÇø Security and Transportation Center. This is a 2019 Bond project that will replace the current security and transportation facility on the same site that it was built when the district was a fraction of its current size. Designed by Corgan Architects in partnership with the facilities, security and transportation teams, the future facility will be much more functional and efficient and provide better circulation and parking for buses and security vehicles.Â
Those are just a few of the items from this evening. If you would like more details on any of them or any of the items not covered in this Board Brief, please to watch the entire meeting.