1 00:00:07,919 --> 00:00:10,559 Good afternoon. 2 00:00:10,559 --> 00:00:15,040 It is now 5:00 and I'm calling this 3 00:00:15,040 --> 00:00:18,029 meeting to 4 00:00:18,039 --> 00:00:21,840 order. It is now 5:00 and I am calling 5 00:00:21,840 --> 00:00:23,160 this meeting to 6 00:00:23,160 --> 00:00:26,320 order. And I want to say thank you all 7 00:00:26,320 --> 00:00:27,800 for being here 8 00:00:27,800 --> 00:00:31,439 today. At this I will entertain a motion 9 00:00:31,439 --> 00:00:44,549 for the approval of the agenda. 10 00:00:44,559 --> 00:00:54,029 All in favor say I 11 00:00:54,039 --> 00:00:58,079 no at this time we will hear from Mr. 12 00:00:58,079 --> 00:01:02,160 Eric Bush the budget workshop session 13 00:01:02,160 --> 00:01:05,680 number one Mr. Bush. Thank you President 14 00:01:05,680 --> 00:01:08,159 Johnson and welcome more members to Dr. 15 00:01:08,159 --> 00:01:10,640 Sims. I'm going to let Dr. Sims, walk us 16 00:01:10,640 --> 00:01:12,000 through the first couple slides here, 17 00:01:12,000 --> 00:01:13,600 mission and vision and the priorities 18 00:01:13,600 --> 00:01:16,000 for this session. Thank you, Mr. Bush. 19 00:01:16,000 --> 00:01:17,520 And once again, good evening to 20 00:01:17,520 --> 00:01:22,310 everyone. Thank you for being here. 21 00:01:22,320 --> 00:01:24,080 As we begin our first budget work 22 00:01:24,080 --> 00:01:25,439 session, we want to always ground 23 00:01:25,439 --> 00:01:27,200 ourselves in the mission and vision that 24 00:01:27,200 --> 00:01:29,840 drives our work on a daily basis. We 25 00:01:29,840 --> 00:01:32,320 maximize student achievement and social 26 00:01:32,320 --> 00:01:34,000 emotional well-being by using the 27 00:01:34,000 --> 00:01:36,040 resources at our disposal human and 28 00:01:36,040 --> 00:01:38,400 otherwise building a sense of community 29 00:01:38,400 --> 00:01:40,479 for all of our students and learning 30 00:01:40,479 --> 00:01:41,520 environments that are safe and 31 00:01:41,520 --> 00:01:43,439 equitable. Further, we want to ensure 32 00:01:43,439 --> 00:01:45,920 the use of these resources such that 33 00:01:45,920 --> 00:01:47,759 they lead to empowered students in every 34 00:01:47,759 --> 00:01:50,079 way possible on their way to living 35 00:01:50,079 --> 00:01:53,520 meaningful adult lives. Our three goal 36 00:01:53,520 --> 00:01:55,600 areas of student achievement, staff 37 00:01:55,600 --> 00:01:56,880 effectiveness, and stakeholder 38 00:01:56,880 --> 00:01:58,920 engagement continue to guide our 39 00:01:58,920 --> 00:02:02,320 decisions daily, supported by guiding 40 00:02:02,320 --> 00:02:04,079 principles designed to promote our 41 00:02:04,079 --> 00:02:06,399 quality learner outcomes. We recognize 42 00:02:06,399 --> 00:02:08,360 the importance of investing in highly 43 00:02:08,360 --> 00:02:10,879 engaging and rigorous experiences that 44 00:02:10,879 --> 00:02:12,480 lead to enlightenment on the part of our 45 00:02:12,480 --> 00:02:14,400 students as they choose meaningful 46 00:02:14,400 --> 00:02:16,720 pathways to success, one or more of the 47 00:02:16,720 --> 00:02:19,440 four listed. 48 00:02:19,440 --> 00:02:21,440 Further, we know full well the 49 00:02:21,440 --> 00:02:22,959 importance of engaging our all 50 00:02:22,959 --> 00:02:24,640 stakeholders and strengthening the 51 00:02:24,640 --> 00:02:26,800 effectiveness of our staff in order to 52 00:02:26,800 --> 00:02:28,560 maximize student achievement. This is 53 00:02:28,560 --> 00:02:31,360 our map to more victory and a key 54 00:02:31,360 --> 00:02:33,599 component of our district's built for 55 00:02:33,599 --> 00:02:36,990 strategic 56 00:02:37,000 --> 00:02:39,599 plan. Today's presentation will provide 57 00:02:39,599 --> 00:02:41,160 an initial 58 00:02:41,160 --> 00:02:44,720 finan financial outlook to include 59 00:02:44,720 --> 00:02:46,879 calculations that impact the FY26 60 00:02:46,879 --> 00:02:49,200 budget. 61 00:02:49,200 --> 00:02:51,280 This budget process will include 62 00:02:51,280 --> 00:02:53,080 up-to-date information on enrollment 63 00:02:53,080 --> 00:02:55,360 projections, staffing allocations, 64 00:02:55,360 --> 00:02:57,760 salary and related data, operational 65 00:02:57,760 --> 00:03:00,319 costs, and other estimated revenue in 66 00:03:00,319 --> 00:03:02,239 order to provide a clear path for 67 00:03:02,239 --> 00:03:04,040 meaningful questions to better 68 00:03:04,040 --> 00:03:06,319 understand. As we engage, it will be 69 00:03:06,319 --> 00:03:07,519 important to walk away with 70 00:03:07,519 --> 00:03:08,959 understanding the impact of state 71 00:03:08,959 --> 00:03:11,519 mandates, inflation, and ongoing 72 00:03:11,519 --> 00:03:13,599 challenges with recruitment and 73 00:03:13,599 --> 00:03:16,080 retention on our decision making. The 74 00:03:16,080 --> 00:03:18,319 balance Increasing revenues and/or 75 00:03:18,319 --> 00:03:20,400 reducing expenditures continues to be a 76 00:03:20,400 --> 00:03:22,800 forefront topic as we strive to offer 77 00:03:22,800 --> 00:03:25,200 the most advantageous recommendations 78 00:03:25,200 --> 00:03:27,840 while maintaining a primary focus on the 79 00:03:27,840 --> 00:03:31,830 needs of our students. 80 00:03:31,840 --> 00:03:33,120 As shared before with you, our 81 00:03:33,120 --> 00:03:35,200 preliminary budget priorities account 82 00:03:35,200 --> 00:03:37,519 for the continued need to recruit and 83 00:03:37,519 --> 00:03:39,280 retain the best and brightest of our for 84 00:03:39,280 --> 00:03:42,000 our students, to account for the diverse 85 00:03:42,000 --> 00:03:44,159 literacy needs of our students, to 86 00:03:44,159 --> 00:03:46,080 strengthen overall attendance with an 87 00:03:46,080 --> 00:03:48,319 emphasis on shifting a narrative for 88 00:03:48,319 --> 00:03:50,720 chronically absent families, and to 89 00:03:50,720 --> 00:03:52,239 continue building strong leaders and 90 00:03:52,239 --> 00:03:54,560 teachers in all buildings using a strong 91 00:03:54,560 --> 00:03:56,959 coaching and feedback cycle for optimal 92 00:03:56,959 --> 00:03:59,439 educator performance. With that said, I 93 00:03:59,439 --> 00:04:00,720 will now turn it over to our chief 94 00:04:00,720 --> 00:04:03,280 financial officer, Eric Bush, to carry 95 00:04:03,280 --> 00:04:04,879 us through the remainder of this work 96 00:04:04,879 --> 00:04:07,040 session. 97 00:04:07,040 --> 00:04:09,080 Thank you, Dr. 98 00:04:09,080 --> 00:04:12,319 Sims. We have a a very thorough 99 00:04:12,319 --> 00:04:15,560 slideshow for you today that includes 100 00:04:15,560 --> 00:04:18,320 um outtakes from the governor's budget, 101 00:04:18,320 --> 00:04:20,799 some salary slides, and um and various 102 00:04:20,799 --> 00:04:22,079 other information that'll help us get 103 00:04:22,079 --> 00:04:24,240 through this work session. Some of it I 104 00:04:24,240 --> 00:04:25,840 will just go over lightly. Some of it 105 00:04:25,840 --> 00:04:27,280 I'm going to stop and go over in detail 106 00:04:27,280 --> 00:04:29,360 when we get to the numbers. Um the first 107 00:04:29,360 --> 00:04:31,120 slides here show the highlights from the 108 00:04:31,120 --> 00:04:32,759 governor's budget for 109 00:04:32,759 --> 00:04:36,479 FY26. These numbers represent uh the 110 00:04:36,479 --> 00:04:38,000 numbers for the state of Georgia, not 111 00:04:38,000 --> 00:04:45,710 just Bib County School 112 00:04:45,720 --> 00:04:47,919 District. The impacts from the the 113 00:04:47,919 --> 00:04:49,360 governor's budget that's that's going to 114 00:04:49,360 --> 00:04:52,080 directly impact us. Um the main ones are 115 00:04:52,080 --> 00:04:53,440 going to be dealing with the state 116 00:04:53,440 --> 00:04:55,400 health insurance benefit, teacher 117 00:04:55,400 --> 00:04:57,600 retirement, and the decrease from our 118 00:04:57,600 --> 00:04:59,919 equalization grant. The certified state 119 00:04:59,919 --> 00:05:02,880 health insurance has been in a phase in 120 00:05:02,880 --> 00:05:04,639 period that we've gone about for about 121 00:05:04,639 --> 00:05:06,800 three years. Um that would push the 122 00:05:06,800 --> 00:05:08,240 price of health insurance per employee 123 00:05:08,240 --> 00:05:10,720 up to 22,620. 124 00:05:10,720 --> 00:05:12,800 um that final state for the certified 125 00:05:12,800 --> 00:05:15,680 class cert certified staff it completes 126 00:05:15,680 --> 00:05:19,039 this year and it um it raises the cost 127 00:05:19,039 --> 00:05:22,560 for them $1,500 per person. Most of the 128 00:05:22,560 --> 00:05:26,479 state certified um health insurance is 129 00:05:26,479 --> 00:05:30,240 covered by QBE revenue. We do cover some 130 00:05:30,240 --> 00:05:33,360 uh staff that we are not funded for. The 131 00:05:33,360 --> 00:05:35,759 classified health insurance though 132 00:05:35,759 --> 00:05:37,360 although some of the positions are 133 00:05:37,360 --> 00:05:40,320 funded, most of those are are um paid 134 00:05:40,320 --> 00:05:43,759 for by the local tax base. That health 135 00:05:43,759 --> 00:05:45,880 insurance this year went up 136 00:05:45,880 --> 00:05:47,479 5,700 137 00:05:47,479 --> 00:05:50,560 $5,970 per person alone. So that was a 138 00:05:50,560 --> 00:05:54,000 major um cost increase for us this year. 139 00:05:54,000 --> 00:05:55,919 Next, looking at this teacher retirement 140 00:05:55,919 --> 00:05:59,440 system increases that has gone up 5.4% 141 00:05:59,440 --> 00:06:01,080 from a 142 00:06:01,080 --> 00:06:04,039 20.78% contribution rate to a 143 00:06:04,039 --> 00:06:08,240 21.91% contribution rate. Um and then in 144 00:06:08,240 --> 00:06:10,479 next is the technology expenses. We are 145 00:06:10,479 --> 00:06:13,600 budgeting $3 million. As we move to our 146 00:06:13,600 --> 00:06:16,520 next set of devices for the onetoone 147 00:06:16,520 --> 00:06:18,960 program that was implemented in 2020, 148 00:06:18,960 --> 00:06:20,720 that's about five years old. We're 149 00:06:20,720 --> 00:06:22,880 looking to refresh those devices for our 150 00:06:22,880 --> 00:06:25,199 students at a cost of around $3 million 151 00:06:25,199 --> 00:06:26,759 per year for four 152 00:06:26,759 --> 00:06:29,280 years. Um and then you'll see this 153 00:06:29,280 --> 00:06:30,560 throughout the presentation as 154 00:06:30,560 --> 00:06:33,199 inflationary costs continue um to affect 155 00:06:33,199 --> 00:06:36,870 the district. 156 00:06:36,880 --> 00:06:38,479 some assumptions for preparing this 157 00:06:38,479 --> 00:06:42,000 year's budget is um we were able to 158 00:06:42,000 --> 00:06:43,960 increase QBE 159 00:06:43,960 --> 00:06:46,039 revenue 160 00:06:46,039 --> 00:06:48,960 by by looking at our FTE counts a little 161 00:06:48,960 --> 00:06:50,960 closer and and documenting every 162 00:06:50,960 --> 00:06:53,840 student's need as properly as we can 163 00:06:53,840 --> 00:06:56,000 that's yielded about a 2.1 million 164 00:06:56,000 --> 00:07:00,080 increase in QBE revenue the increases um 165 00:07:00,080 --> 00:07:01,360 that I mentioned earlier for the 166 00:07:01,360 --> 00:07:03,360 certified state health do pass through 167 00:07:03,360 --> 00:07:04,720 from the state that increases our 168 00:07:04,720 --> 00:07:07,520 revenue by $2.4 million. I'm not 169 00:07:07,520 --> 00:07:11,280 assuming any uh tax digest increases as 170 00:07:11,280 --> 00:07:15,599 of yet. Um but we are this says estimate 171 00:07:15,599 --> 00:07:17,840 a 3% increase but that should be 2% as 172 00:07:17,840 --> 00:07:20,360 you'll see in the slides moving 173 00:07:20,360 --> 00:07:23,120 forward. And then we will be um this all 174 00:07:23,120 --> 00:07:24,800 these situations maintain the mill rate 175 00:07:24,800 --> 00:07:29,360 of 14.674 674 mills. And as we mentioned 176 00:07:29,360 --> 00:07:31,039 earlier, the preliminary number suggests 177 00:07:31,039 --> 00:07:33,520 that we're going to lose $9.12 million 178 00:07:33,520 --> 00:07:37,199 in our equalization grant. That is um 179 00:07:37,199 --> 00:07:38,960 pretty much final, but it will not be 180 00:07:38,960 --> 00:07:40,160 completely final until the governor 181 00:07:40,160 --> 00:07:43,070 signs the 182 00:07:43,080 --> 00:07:45,199 budget. Next, to get started in our 183 00:07:45,199 --> 00:07:47,479 whole budget process after we know those 184 00:07:47,479 --> 00:07:49,680 assumptions is to start looking at our 185 00:07:49,680 --> 00:07:52,240 enrollment for this coming year. Our 186 00:07:52,240 --> 00:07:55,879 enrollment is holding very steady around 187 00:07:55,879 --> 00:07:59,440 21,500. I'm showing 181 student increase 188 00:07:59,440 --> 00:08:02,319 from 2025, which is great. We're moving 189 00:08:02,319 --> 00:08:04,000 in the right direction, but it's still 190 00:08:04,000 --> 00:08:07,759 not a leaping bound. Um, so once we have 191 00:08:07,759 --> 00:08:12,879 enrollment projections by grade, um, we move into what's called staff and 192 00:08:12,879 --> 00:08:14,560 allocations. 193 00:08:14,560 --> 00:08:16,720 We base those staffing allocations off a 194 00:08:16,720 --> 00:08:20,039 formula you see here and a set of 195 00:08:20,039 --> 00:08:22,000 criteria depending on how many students 196 00:08:22,000 --> 00:08:24,319 are in each building and how many are 197 00:08:24,319 --> 00:08:26,000 allotted for each classroom and at each 198 00:08:26,000 --> 00:08:28,319 grade level. So I won't go into all the 199 00:08:28,319 --> 00:08:30,639 detail here but this is here for your um 200 00:08:30,639 --> 00:08:37,750 for your review. 201 00:08:37,760 --> 00:08:40,000 Once we apply all the enrollment data to 202 00:08:40,000 --> 00:08:41,760 those staffing allocations, we end up 203 00:08:41,760 --> 00:08:44,440 with these total staffing allocation 204 00:08:44,440 --> 00:08:48,200 sheets, which are the next three 205 00:08:48,200 --> 00:08:50,399 pages. Going through all the numbers 206 00:08:50,399 --> 00:08:52,959 this year, we are seeing that we need an 207 00:08:52,959 --> 00:08:56,320 additional 12.75 teachers for those of 208 00:08:56,320 --> 00:08:59,360 extra students. That is a combination 209 00:08:59,360 --> 00:09:01,440 like I talked about the FTE counts. We 210 00:09:01,440 --> 00:09:04,640 had increases in um EIP program and 211 00:09:04,640 --> 00:09:07,600 programs. So that does increase include 212 00:09:07,600 --> 00:09:09,680 some increases in those areas alone to 213 00:09:09,680 --> 00:09:14,990 support those 214 00:09:15,000 --> 00:09:17,120 programs. Next, we spend a lot of time 215 00:09:17,120 --> 00:09:19,519 determining operational requirements and 216 00:09:19,519 --> 00:09:21,760 requests from other um other departments 217 00:09:21,760 --> 00:09:24,560 around the district. We gather all of 218 00:09:24,560 --> 00:09:27,120 that information and start laying it out 219 00:09:27,120 --> 00:09:31,750 for the budget process. 220 00:09:31,760 --> 00:09:33,680 Um, as well as all the positions we 221 00:09:33,680 --> 00:09:35,440 mentioned, we're going to do a make sure 222 00:09:35,440 --> 00:09:37,279 we understand salary and benefit cost, 223 00:09:37,279 --> 00:09:40,480 too. And as you know, and and I talked 224 00:09:40,480 --> 00:09:41,920 about earlier, as health insurance 225 00:09:41,920 --> 00:09:44,800 increases, TRS increases, we got to 226 00:09:44,800 --> 00:09:46,160 calculate what that's going to cost the 227 00:09:46,160 --> 00:09:48,880 district. We also calculate the step 228 00:09:48,880 --> 00:09:51,880 increases in this scenario. So, if I'm 229 00:09:51,880 --> 00:09:54,240 on have 15 years of service and I'm 230 00:09:54,240 --> 00:09:56,480 going to 16 years of service, that's a 231 00:09:56,480 --> 00:09:58,080 step that's in our salary schedule. 232 00:09:58,080 --> 00:09:59,279 We'll calculate the people that are 233 00:09:59,279 --> 00:10:02,920 moving steps this year as 234 00:10:02,920 --> 00:10:06,399 well. Once that's all completed, we 235 00:10:06,399 --> 00:10:09,320 start to line item line item cost by 236 00:10:09,320 --> 00:10:11,839 school using these sheets right here. 237 00:10:11,839 --> 00:10:14,800 The next three or four pages will show 238 00:10:14,800 --> 00:10:18,680 by school uh enrollment projections, the 239 00:10:18,680 --> 00:10:20,880 capacity. It'll also show salary 240 00:10:20,880 --> 00:10:23,360 benefits, total salary benefits, 241 00:10:23,360 --> 00:10:25,120 operational costs, which leads us to 242 00:10:25,120 --> 00:10:27,600 total expenditures. On the far right, 243 00:10:27,600 --> 00:10:29,640 you'll see a column that says cost per 244 00:10:29,640 --> 00:10:32,920 student, which is averaging around 245 00:10:32,920 --> 00:10:36,040 $10,864 for elementary 246 00:10:36,040 --> 00:10:38,079 school. Comes down a little bit for 247 00:10:38,079 --> 00:10:41,000 middle and high school at around 248 00:10:41,000 --> 00:10:46,030 $9,400 per 249 00:10:46,040 --> 00:10:48,480 student. The next couple slides are all 250 00:10:48,480 --> 00:10:52,240 of our operational departments um and 251 00:10:52,240 --> 00:10:54,160 the salary benefits associated with 252 00:10:54,160 --> 00:10:59,030 those departments. 253 00:10:59,040 --> 00:11:02,000 This is how we develop our bottom line 254 00:11:02,000 --> 00:11:10,269 general fund budget salary benefits and 255 00:11:10,279 --> 00:11:12,920 operations which is around 256 00:11:12,920 --> 00:11:16,990 289 million this 257 00:11:17,000 --> 00:11:19,680 year. Next, I was just going to go put a 258 00:11:19,680 --> 00:11:20,880 couple slides in here about our health 259 00:11:20,880 --> 00:11:22,320 insurance costs and what that's looked 260 00:11:22,320 --> 00:11:24,720 like over time. These unfund funded 261 00:11:24,720 --> 00:11:27,200 mandates from the state um have gone 262 00:11:27,200 --> 00:11:28,760 from 263 00:11:28,760 --> 00:11:33,480 $10,600,000 to $21.2 million since 264 00:11:33,480 --> 00:11:35,640 2022, representing 265 00:11:35,640 --> 00:11:38,560 99.47% increase in health insurance 266 00:11:38,560 --> 00:11:41,470 costs for the 267 00:11:41,480 --> 00:11:43,600 district. There's a small line right 268 00:11:43,600 --> 00:11:49,750 under that 21240 total that says 5.520. 269 00:11:49,760 --> 00:11:53,320 That is the increase for the 2026 year 270 00:11:53,320 --> 00:11:57,630 alone. Just to point that 271 00:11:57,640 --> 00:12:00,800 out. The next slide shows various other 272 00:12:00,800 --> 00:12:03,200 benefits that we have. Social Security, 273 00:12:03,200 --> 00:12:05,279 Medicare, teachers retirement, state 274 00:12:05,279 --> 00:12:07,000 health, unemployment, and workers 275 00:12:07,000 --> 00:12:12,829 compensation benefit increases this 276 00:12:12,839 --> 00:12:15,040 year. So once we know all of our 277 00:12:15,040 --> 00:12:16,079 expenditures, we're going to start 278 00:12:16,079 --> 00:12:18,720 looking at our revenue. This year we're 279 00:12:18,720 --> 00:12:21,240 budgeting um 280 00:12:21,240 --> 00:12:25,120 $265.1 million of revenue which is a net 281 00:12:25,120 --> 00:12:27,240 decrease of $3.7 282 00:12:27,240 --> 00:12:30,720 million. Um some things to note in here 283 00:12:30,720 --> 00:12:33,760 on the right side is just taking the 284 00:12:33,760 --> 00:12:36,120 differences from 2025 to 285 00:12:36,120 --> 00:12:40,639 2026 are a one and a half increase in 286 00:12:40,639 --> 00:12:43,480 tax revenue. 287 00:12:43,480 --> 00:12:46,079 um investment earnings. I've decreased 288 00:12:46,079 --> 00:12:47,839 that just a hair because interest rates 289 00:12:47,839 --> 00:12:49,639 have been kind of volatile and moving 290 00:12:49,639 --> 00:12:53,680 down. Um and as we come out of these uh 291 00:12:53,680 --> 00:12:55,200 COVID years, we're going to have less 292 00:12:55,200 --> 00:12:57,160 cash to operate with. So those 293 00:12:57,160 --> 00:12:59,639 investment returns may be 294 00:12:59,639 --> 00:13:02,399 less. We do have an increase in indirect 295 00:13:02,399 --> 00:13:04,000 costs due to our additional grants that 296 00:13:04,000 --> 00:13:06,320 we're running right now. That includes 297 00:13:06,320 --> 00:13:08,800 um the regular grants are include of 298 00:13:08,800 --> 00:13:10,920 course our federal programs like title 299 00:13:10,920 --> 00:13:13,160 one after school 300 00:13:13,160 --> 00:13:15,440 program school food nutrition but we 301 00:13:15,440 --> 00:13:16,880 have some additional grants right now 302 00:13:16,880 --> 00:13:20,160 such as the EPA grant uh that will also 303 00:13:20,160 --> 00:13:23,320 give some indirect cost back to the 304 00:13:23,320 --> 00:13:25,680 district. I have a million dollars in 305 00:13:25,680 --> 00:13:27,600 here from the school speed zone cameras 306 00:13:27,600 --> 00:13:30,000 from the bacon bib county that has been 307 00:13:30,000 --> 00:13:31,720 mentioned um 308 00:13:31,720 --> 00:13:34,560 recently and we also have as you see the 309 00:13:34,560 --> 00:13:36,480 QBE changes that we've talked about 310 00:13:36,480 --> 00:13:39,639 previously $2.1 billion for increase in 311 00:13:39,639 --> 00:13:42,880 FTE revenue and then the reduction of 312 00:13:42,880 --> 00:13:50,470 equalization of $9.1 million. 313 00:13:50,480 --> 00:13:52,720 The next slide shows uh the change in 314 00:13:52,720 --> 00:13:54,320 equalization grant over time. We think 315 00:13:54,320 --> 00:13:55,680 this is important because of the 316 00:13:55,680 --> 00:13:57,920 volatility of this uh grant awarded from 317 00:13:57,920 --> 00:14:00,880 the state. Uh just in 2023, we received 318 00:14:00,880 --> 00:14:03,680 $4.4 million that increased to $23 319 00:14:03,680 --> 00:14:05,760 million in 2025 and now it's going back 320 00:14:05,760 --> 00:14:08,399 down to $14 million. It plays a vital 321 00:14:08,399 --> 00:14:10,880 role in supporting the district, but 322 00:14:10,880 --> 00:14:13,360 it's also a challenge when it's just um 323 00:14:13,360 --> 00:14:20,470 when it es and flows like it does. 324 00:14:20,480 --> 00:14:23,519 The next couple slides are um the 325 00:14:23,519 --> 00:14:25,839 general fund preliminary budget. This is 326 00:14:25,839 --> 00:14:27,839 assuming no salary increases and just 327 00:14:27,839 --> 00:14:30,480 items I talked about previously. Uh if 328 00:14:30,480 --> 00:14:32,160 we start with a beginning fund balance 329 00:14:32,160 --> 00:14:33,079 of 330 00:14:33,079 --> 00:14:34,600 67 331 00:14:34,600 --> 00:14:38,000 million791 196 add in the revenues of 332 00:14:38,000 --> 00:14:40,480 265 million 333 00:14:40,480 --> 00:14:42,720 um and then subtract off the salary and 334 00:14:42,720 --> 00:14:46,240 benefits which leaves us with a deficit 335 00:14:46,240 --> 00:14:50,639 or net deficit of $24.5 million 336 00:14:50,639 --> 00:14:53,440 um currently for the 2026 preliminary 337 00:14:53,440 --> 00:14:55,760 budget. That leaves us with a fund 338 00:14:55,760 --> 00:14:58,240 balance to expense ratio of 14.9% which 339 00:14:58,240 --> 00:15:00,920 is in the toleration of the state 340 00:15:00,920 --> 00:15:03,360 requirements. As a reminder, those are a 341 00:15:03,360 --> 00:15:06,040 minimum of 8% maximum of 342 00:15:06,040 --> 00:15:09,600 15%. Um many districts exercise the 343 00:15:09,600 --> 00:15:14,800 right to go a little bit over that to be healthy. But if we were to follow 344 00:15:14,800 --> 00:15:16,880 this plan in FY26, we would land on 345 00:15:16,880 --> 00:15:24,310 about a 14.9% ratio there. 346 00:15:24,320 --> 00:15:26,639 The next couple of slides are the same 347 00:15:26,639 --> 00:15:27,920 information you saw on the previous 348 00:15:27,920 --> 00:15:29,600 slide except they give some scenarios 349 00:15:29,600 --> 00:15:31,199 that we wanted to do salary increases 350 00:15:31,199 --> 00:15:33,920 for all staff. So there's a 2% salary 351 00:15:33,920 --> 00:15:37,120 increase scenario, 3% 4%. And we just 352 00:15:37,120 --> 00:15:38,560 this is important to look at because you 353 00:15:38,560 --> 00:15:41,120 can see how that trends um for each 354 00:15:41,120 --> 00:15:49,189 option. 355 00:15:49,199 --> 00:15:52,399 I'm also providing a scenario of what a 356 00:15:52,399 --> 00:15:54,560 bill would do. One mill of taxes is 357 00:15:54,560 --> 00:15:57,399 worth $5.9 million. And this is a 358 00:15:57,399 --> 00:15:59,600 scenario for each of those salary 359 00:15:59,600 --> 00:16:01,519 increase options, but also adding one 360 00:16:01,519 --> 00:16:14,990 meal to all 361 00:16:15,000 --> 00:16:17,279 those. The next couple slides just give 362 00:16:17,279 --> 00:16:17,959 you 363 00:16:17,959 --> 00:16:20,880 more data to go off the same numbers we 364 00:16:20,880 --> 00:16:23,360 just saw. and it projects out those 365 00:16:23,360 --> 00:16:25,759 scenarios over the next five years from 366 00:16:25,759 --> 00:16:29,680 2026 to 2030. Um the first slide I'm 367 00:16:29,680 --> 00:16:32,720 showing here is assuming no salary 368 00:16:32,720 --> 00:16:36,800 increases, no military increases. Um it 369 00:16:36,800 --> 00:16:39,519 starts with that $24.5 million deficit. 370 00:16:39,519 --> 00:16:42,160 And if we were just to increase 371 00:16:42,160 --> 00:16:45,120 inflation 1% for revenue and expenses 372 00:16:45,120 --> 00:16:47,959 going out to 2030, 373 00:16:47,959 --> 00:16:51,279 um the result is depicted here. your 374 00:16:51,279 --> 00:16:54,000 deficit would remain somewhat stable, 375 00:16:54,000 --> 00:16:55,839 but you can see your fund balance to 376 00:16:55,839 --> 00:16:56,920 expense 377 00:16:56,920 --> 00:17:06,990 ratio drops under 8% in the 2027 378 00:17:07,000 --> 00:17:11,679 year. The next slide adds in a 3% salary 379 00:17:11,679 --> 00:17:14,319 increase if that was an option this year 380 00:17:14,319 --> 00:17:16,280 and gives the results 381 00:17:16,280 --> 00:17:18,880 um for those numbers. So, you can see 382 00:17:18,880 --> 00:17:23,079 pretty quickly that FY26 comes down to a 383 00:17:23,079 --> 00:17:26,559 13.2% fund balance to expense ratio and 384 00:17:26,559 --> 00:17:29,039 drops all the way to three in 2027 and 385 00:17:29,039 --> 00:17:36,830 then next after 386 00:17:36,840 --> 00:17:39,679 that next steps in these processes or 387 00:17:39,679 --> 00:17:40,720 what we're doing right now. We're going 388 00:17:40,720 --> 00:17:44,200 to have a couple board work sessions 389 00:17:44,200 --> 00:17:46,799 um share with you the concerns that we 390 00:17:46,799 --> 00:17:49,280 have. 391 00:17:49,280 --> 00:17:51,840 This page is is some concerns that are 392 00:17:51,840 --> 00:17:53,440 actually continuations from the previous 393 00:17:53,440 --> 00:17:56,640 year. So, we've been seeing this for a 394 00:17:56,640 --> 00:17:58,160 while. So, our district continues to 395 00:17:58,160 --> 00:17:59,840 fall behind certified and classified 396 00:17:59,840 --> 00:18:03,120 salary schedules. Um the update to that 397 00:18:03,120 --> 00:18:06,000 is we did make a a pretty nice salary 398 00:18:06,000 --> 00:18:08,160 change last year that addressed some of 399 00:18:08,160 --> 00:18:11,360 these issues. The um problem with that 400 00:18:11,360 --> 00:18:13,440 is what will the counties do in FY26 401 00:18:13,440 --> 00:18:15,679 that we're unable to do and how how far 402 00:18:15,679 --> 00:18:19,039 can we go um to keep pace with uh with 403 00:18:19,039 --> 00:18:22,240 our com competing counties. Uh the next 404 00:18:22,240 --> 00:18:25,120 is we've had um s classified salary 405 00:18:25,120 --> 00:18:27,760 studies for some years now. We still lag 406 00:18:27,760 --> 00:18:29,679 behind in that area. It would cost 407 00:18:29,679 --> 00:18:32,000 around $5 million compared to other 408 00:18:32,000 --> 00:18:34,799 comparatively sized districts uh to make 409 00:18:34,799 --> 00:18:38,720 us um competitive in that field. So that 410 00:18:38,720 --> 00:18:41,880 continues to be a challenge on the 411 00:18:41,880 --> 00:18:46,990 classified employee 412 00:18:47,000 --> 00:18:49,280 side. We've also had a history of 413 00:18:49,280 --> 00:18:51,760 rolling back the miller rate. Um it 414 00:18:51,760 --> 00:18:53,640 prevents us from receiving increased tax 415 00:18:53,640 --> 00:18:57,280 revenue and 416 00:18:57,280 --> 00:18:58,880 um because of the equalization grant 417 00:18:58,880 --> 00:19:00,559 this year has put us in kind of a a 418 00:19:00,559 --> 00:19:03,520 place with a larger deficit than than 419 00:19:03,520 --> 00:19:05,679 we're used to. Some of the solutions 420 00:19:05,679 --> 00:19:08,240 there are have been discussed this year. 421 00:19:08,240 --> 00:19:09,880 you know, is it the right time to 422 00:19:09,880 --> 00:19:12,080 consolidate? Will we need to look at 423 00:19:12,080 --> 00:19:15,039 reducing some programs? Um, even staff 424 00:19:15,039 --> 00:19:17,000 in some 425 00:19:17,000 --> 00:19:19,760 instances. Uh, the next is how will we 426 00:19:19,760 --> 00:19:21,520 fund the desired changes for our new 427 00:19:21,520 --> 00:19:24,240 strategic plan? Um, and the same answer 428 00:19:24,240 --> 00:19:26,320 is there. Do we you can only increase 429 00:19:26,320 --> 00:19:28,840 revenue or decrease expenses? 430 00:19:28,840 --> 00:19:31,200 And the last slide, the last bullet 431 00:19:31,200 --> 00:19:32,320 point here is, can we continue to 432 00:19:32,320 --> 00:19:33,840 operate small neighborhood schools with 433 00:19:33,840 --> 00:19:35,760 the increasing cost and the inability to 434 00:19:35,760 --> 00:19:37,640 hire and maintain quality staff of those 435 00:19:37,640 --> 00:19:39,760 schools? Uh, will the community 436 00:19:39,760 --> 00:19:43,520 understand the need to do this? Um, and 437 00:19:43,520 --> 00:19:45,280 that that is something that will be 438 00:19:45,280 --> 00:19:48,000 brought before you this Thursday as we 439 00:19:48,000 --> 00:19:49,600 work through that year-long process to 440 00:19:49,600 --> 00:19:52,909 study those 441 00:19:52,919 --> 00:19:55,120 options. I won't go through every one of 442 00:19:55,120 --> 00:19:57,200 these in detail, but the next several 443 00:19:57,200 --> 00:20:01,360 slides the 2024 comparison to the 2025 444 00:20:01,360 --> 00:20:03,679 um year that we're currently in and how 445 00:20:03,679 --> 00:20:06,559 the Bib County salaries increased based 446 00:20:06,559 --> 00:20:09,559 on the raises we we implemented in 447 00:20:09,559 --> 00:20:12,320 2025. And you'll see the green bar on 448 00:20:12,320 --> 00:20:15,760 these goes from from a lower to a to a 449 00:20:15,760 --> 00:20:17,520 higher status as compared to the other 450 00:20:17,520 --> 00:20:19,120 districts which is a move in the right 451 00:20:19,120 --> 00:20:22,080 direction. 452 00:20:22,080 --> 00:20:24,880 We've detailed these out for M's um or 453 00:20:24,880 --> 00:20:27,240 bachelor's degree employees, master's 454 00:20:27,240 --> 00:20:29,559 degrees, 455 00:20:29,559 --> 00:20:33,360 doctorates. Um we've also looked at 456 00:20:33,360 --> 00:20:35,280 administrative salaries on one of the 457 00:20:35,280 --> 00:20:38,000 slides toward the back where we still 458 00:20:38,000 --> 00:20:39,679 are kind of in the mid-range for 459 00:20:39,679 --> 00:20:41,280 administrative salaries kind of the mid 460 00:20:41,280 --> 00:20:42,679 lower range on 461 00:20:42,679 --> 00:20:44,799 those. And when I say administrative 462 00:20:44,799 --> 00:20:46,400 salaries, we're talking about 463 00:20:46,400 --> 00:20:48,080 administrators in the classroom in 464 00:20:48,080 --> 00:20:49,679 school buildings. These are um 465 00:20:49,679 --> 00:20:58,430 principles and assistant 466 00:20:58,440 --> 00:21:00,960 principles. Excuse me. Next, we'll look 467 00:21:00,960 --> 00:21:03,440 at our mill rate history. Um as we move 468 00:21:03,440 --> 00:21:04,600 through the 469 00:21:04,600 --> 00:21:06,720 presentation, this is a slide showing 470 00:21:06,720 --> 00:21:08,840 all the way back from 471 00:21:08,840 --> 00:21:11,760 2013 what the mill rate has done. It's 472 00:21:11,760 --> 00:21:14,559 steadily decreased. And not just that 473 00:21:14,559 --> 00:21:16,720 it's decreased. What kind of revenue 474 00:21:16,720 --> 00:21:19,520 have we lost or how much have we created 475 00:21:19,520 --> 00:21:22,159 through levy and taxes? Last year was 476 00:21:22,159 --> 00:21:24,640 the most marketable one other than 2016 477 00:21:24,640 --> 00:21:27,600 where we maintain the mill rate and that 478 00:21:27,600 --> 00:21:30,559 increased our revenue $4.5 million which 479 00:21:30,559 --> 00:21:32,440 was a 5.5% 480 00:21:32,440 --> 00:21:39,190 increase in tax levy. 481 00:21:39,200 --> 00:21:41,840 I've also included several slides uh 482 00:21:41,840 --> 00:21:43,760 that compare 483 00:21:43,760 --> 00:21:46,720 uh surrounding districts in the state on 484 00:21:46,720 --> 00:21:49,039 how their millage rates look. So on the 485 00:21:49,039 --> 00:21:52,400 far left you would see FTEES by QBE. 486 00:21:52,400 --> 00:21:55,440 This is the student counts per the FTE 487 00:21:55,440 --> 00:21:58,480 schedules that the state puts out for 488 00:21:58,480 --> 00:22:00,080 each of these districts. And it's 489 00:22:00,080 --> 00:22:02,559 comparing 2020 to 2025. I wanted to give 490 00:22:02,559 --> 00:22:04,799 a five-year comparison here. the tax 491 00:22:04,799 --> 00:22:08,480 digest um runs on a calendar year. So 492 00:22:08,480 --> 00:22:12,159 that's why it says 2019 to 2024 there. 493 00:22:12,159 --> 00:22:14,159 Still a five-year comparison of the same 494 00:22:14,159 --> 00:22:20,190 uh funding cycle for the 495 00:22:20,200 --> 00:22:22,559 schools. And I've highlighted Bev County 496 00:22:22,559 --> 00:22:24,240 in the bottom there just to give you an 497 00:22:24,240 --> 00:22:26,720 example of um the changes that have 498 00:22:26,720 --> 00:22:29,919 happened in comparison to our to our 499 00:22:29,919 --> 00:22:44,230 other counties. 500 00:22:44,240 --> 00:22:46,240 So that leads us to our our next steps 501 00:22:46,240 --> 00:22:48,480 in this process. Want to hear and and 502 00:22:48,480 --> 00:22:51,760 get your questions and feedback um in 503 00:22:51,760 --> 00:22:53,840 preparation for our work session number 504 00:22:53,840 --> 00:22:56,480 two and subsequent tenative adoption in 505 00:22:56,480 --> 00:22:59,830 June. 506 00:22:59,840 --> 00:23:02,799 And then following those meetings, um, 507 00:23:02,799 --> 00:23:04,880 pending tax digest information, we will 508 00:23:04,880 --> 00:23:06,720 go straight into the military 509 00:23:06,720 --> 00:23:09,520 discussions, um, as soon as that 510 00:23:09,520 --> 00:23:12,510 information is given to 511 00:23:12,520 --> 00:23:15,039 us. The calendar for the ne for that 512 00:23:15,039 --> 00:23:16,799 series of events is posted on the screen 513 00:23:16,799 --> 00:23:19,200 here and in the back of the handout. The 514 00:23:19,200 --> 00:23:21,440 next meeting will be May 5th followed by 515 00:23:21,440 --> 00:23:22,840 May 516 00:23:22,840 --> 00:23:25,320 14th tentative 517 00:23:25,320 --> 00:23:27,520 adoption. And uh, that would give us 518 00:23:27,520 --> 00:23:29,600 time to advertise public and public 519 00:23:29,600 --> 00:23:31,440 hearings before the final adoption in 520 00:23:31,440 --> 00:23:34,870 June. 521 00:23:34,880 --> 00:23:36,080 That is the conclusion of my 522 00:23:36,080 --> 00:23:39,360 presentation today. 523 00:23:39,360 --> 00:23:42,400 Thank you, Mr. Bush. Board members, you 524 00:23:42,400 --> 00:23:44,000 heard the report. Did you have any 525 00:23:44,000 --> 00:23:46,960 questions for Mr. Bush? Concerns work 526 00:23:46,960 --> 00:23:54,070 session number one. 527 00:23:54,080 --> 00:23:57,440 Thank you, Mr. Presentation. And uh my 528 00:23:57,440 --> 00:24:01,080 question is has any 529 00:24:01,080 --> 00:24:05,600 uh projections been given uh as to how 530 00:24:05,600 --> 00:24:07,760 the governor's 531 00:24:07,760 --> 00:24:12,159 uh school choice initiative may impact 532 00:24:12,159 --> 00:24:15,120 what money we get. We haven't done any 533 00:24:15,120 --> 00:24:16,799 projections inside yet because we don't 534 00:24:16,799 --> 00:24:19,520 have any numbers to work on from yet. 535 00:24:19,520 --> 00:24:21,360 So, I don't know how many students have 536 00:24:21,360 --> 00:24:22,799 accepted it, where they're going, and 537 00:24:22,799 --> 00:24:24,960 how many we would lose. And until we get 538 00:24:24,960 --> 00:24:27,279 that data, we'll be on it when we get 539 00:24:27,279 --> 00:24:30,320 it. But it's It's not available yet. 540 00:24:30,320 --> 00:24:32,159 Yeah, that's why I was saying 541 00:24:32,159 --> 00:24:34,559 projections on it. Sometimes you can 542 00:24:34,559 --> 00:24:38,080 find out from the school uh that school 543 00:24:38,080 --> 00:24:39,840 would know what parents are thinking 544 00:24:39,840 --> 00:24:42,240 about doing that and try to you know 545 00:24:42,240 --> 00:24:44,880 find out how many students may be you 546 00:24:44,880 --> 00:24:48,080 know uh going somewhere else and how 547 00:24:48,080 --> 00:24:50,880 that would impact us. But you'll have no 548 00:24:50,880 --> 00:24:55,039 question. Okay. Yes sir. 549 00:24:55,039 --> 00:25:01,110 Are there other questions? 550 00:25:01,120 --> 00:25:02,559 Thank you for your presentation, Mr. 551 00:25:02,559 --> 00:25:04,480 Bush. And I kind of want to piggy back 552 00:25:04,480 --> 00:25:06,279 on Dr. 553 00:25:06,279 --> 00:25:09,159 Flynn. Um, do we have an 554 00:25:09,159 --> 00:25:12,720 idea as far as that same program, the 555 00:25:12,720 --> 00:25:15,679 school choice initiative as to how many 556 00:25:15,679 --> 00:25:18,720 positions in B County would be funded by 557 00:25:18,720 --> 00:25:20,480 that? Not how many parents are looking 558 00:25:20,480 --> 00:25:22,880 to move, but you know how much money the 559 00:25:22,880 --> 00:25:25,039 state's actually going to allocate to 560 00:25:25,039 --> 00:25:32,149 schools. 561 00:25:32,159 --> 00:25:33,679 I think the application process 562 00:25:33,679 --> 00:25:35,840 determines that there's 22,000 spots 563 00:25:35,840 --> 00:25:38,320 available. So as those are throughout 564 00:25:38,320 --> 00:25:40,559 the state, we get more information, but 565 00:25:40,559 --> 00:25:42,880 I'm not sure they do it how that's going 566 00:25:42,880 --> 00:25:44,960 to be done. 567 00:25:44,960 --> 00:25:57,029 Thank you. district. 568 00:25:57,039 --> 00:25:59,600 All right. Um, so Mr. Bush, what I'm 569 00:25:59,600 --> 00:26:01,520 hearing is some of the things are 570 00:26:01,520 --> 00:26:03,520 increasing our expenses are reduction 571 00:26:03,520 --> 00:26:05,799 9.1 million in 572 00:26:05,799 --> 00:26:09,760 equalization and roughly about 5 million 573 00:26:09,760 --> 00:26:12,080 something for increased benefits for 574 00:26:12,080 --> 00:26:14,320 employees, health benefits. Is that 575 00:26:14,320 --> 00:26:17,600 about right? That's about 80. So TRS 576 00:26:17,600 --> 00:26:21,720 increase was 1.5 million 5.5 577 00:26:21,720 --> 00:26:24,720 for health insurance and then those are 578 00:26:24,720 --> 00:26:26,400 our mandated costs. Our step increases 579 00:26:26,400 --> 00:26:28,400 internally are right at a million dollar 580 00:26:28,400 --> 00:26:30,559 as well. So that's about $8 million. So 581 00:26:30,559 --> 00:26:35,149 17 between those two is 582 00:26:35,159 --> 00:26:37,279 um one of the things I've been reading 583 00:26:37,279 --> 00:26:39,039 is there's concern about what federal 584 00:26:39,039 --> 00:26:41,120 funding may or may not be available for 585 00:26:41,120 --> 00:26:42,880 schools. Do we have any information 586 00:26:42,880 --> 00:26:46,640 about that? I do not. 587 00:26:46,640 --> 00:26:48,320 Is there a situation where we might have 588 00:26:48,320 --> 00:26:50,159 to look at a supplemental budget 589 00:26:50,159 --> 00:26:52,000 depending on what happens related to 590 00:26:52,000 --> 00:26:53,000 federal 591 00:26:53,000 --> 00:26:55,200 funding? We could get involved with that 592 00:26:55,200 --> 00:26:56,960 if we have contracts for those people 593 00:26:56,960 --> 00:26:59,720 already and that money was 594 00:26:59,720 --> 00:27:02,400 pulled during the mid year. It would 595 00:27:02,400 --> 00:27:04,440 leave us in a 596 00:27:04,440 --> 00:27:06,799 situation where we would have to have 597 00:27:06,799 --> 00:27:09,120 some kind of supplement or an amendment 598 00:27:09,120 --> 00:27:12,240 done for general funds to fix up. 599 00:27:12,240 --> 00:27:14,080 Generally, what programs we talked about 600 00:27:14,080 --> 00:27:26,630 that federal funds would like 601 00:27:26,640 --> 00:27:29,440 Yes. But generally speaking, I sort of 602 00:27:29,440 --> 00:27:31,520 thought Dr. Rogers might stand up at 603 00:27:31,520 --> 00:27:36,269 some 604 00:27:36,279 --> 00:27:39,559 point which is the 605 00:27:39,559 --> 00:27:43,320 largest as well and depending on the 606 00:27:43,320 --> 00:27:46,200 extent it could 607 00:27:46,200 --> 00:27:50,880 also include nutrition 608 00:27:50,880 --> 00:27:53,200 and our genet program is fedally funded 609 00:27:53,200 --> 00:27:55,440 too. And we also have those onetime 610 00:27:55,440 --> 00:27:56,799 grants that we've received from the 611 00:27:56,799 --> 00:27:58,600 mental health program to support se 612 00:27:58,600 --> 00:28:03,039 several staff there. The EPA grant is 613 00:28:03,039 --> 00:28:05,760 we've been awarded to give us um several 614 00:28:05,760 --> 00:28:07,360 electronic buses and get a program off 615 00:28:07,360 --> 00:28:10,559 the ground for that as well as a small 616 00:28:10,559 --> 00:28:12,399 the schoolbased health mental health 617 00:28:12,399 --> 00:28:14,720 clinics which are smaller grants to get 618 00:28:14,720 --> 00:28:16,000 those up and running. I don't think that 619 00:28:16,000 --> 00:28:18,080 would affect us too much but there's 620 00:28:18,080 --> 00:28:24,070 several of them that we accept. 621 00:28:24,080 --> 00:28:26,480 and federal money is about what 10% of 622 00:28:26,480 --> 00:28:30,559 our revenue or somewhere in that range. 623 00:28:30,559 --> 00:28:33,320 I think it's around 624 00:28:33,320 --> 00:28:35,159 20. 625 00:28:35,159 --> 00:28:40,960 Um you could um turn to slide 25. I'm 626 00:28:40,960 --> 00:28:51,470 sorry. 627 00:28:51,480 --> 00:28:54,880 25. Okay. And so it's the slide with the 628 00:28:54,880 --> 00:28:59,840 middle schools uh up at the top and it's 629 00:28:59,840 --> 00:29:02,000 middle school. The Georgia Department of 630 00:29:02,000 --> 00:29:04,960 Education base middle school size is 624 631 00:29:04,960 --> 00:29:06,960 students. That's the magic number for 632 00:29:06,960 --> 00:29:08,880 middle school. 633 00:29:08,880 --> 00:29:12,000 Yes. Like 450 is for elementary school. 634 00:29:12,000 --> 00:29:14,159 Okay. And it says those in red are under 635 00:29:14,159 --> 00:29:16,960 the base size. And I see two of them in 636 00:29:16,960 --> 00:29:19,360 red are Miller and A, but they're over 637 00:29:19,360 --> 00:29:22,320 624. 638 00:29:22,320 --> 00:29:23,760 So I think that's just a color 639 00:29:23,760 --> 00:29:25,919 difference. Yeah, I think we just did 640 00:29:25,919 --> 00:29:27,440 that. Okay. All right. Well, I mean 641 00:29:27,440 --> 00:29:29,279 that's good. I'm glad they're not glad 642 00:29:29,279 --> 00:29:33,149 they're over the 643 00:29:33,159 --> 00:29:36,000 number. All right. I think that's all 644 00:29:36,000 --> 00:29:38,720 right. 645 00:29:38,720 --> 00:29:42,549 Okay. Any other questions? 646 00:29:42,559 --> 00:29:46,000 I do have I have a comment. As you're 647 00:29:46,000 --> 00:29:47,799 looking over here at the cost per 648 00:29:47,799 --> 00:29:51,279 student for each school, 649 00:29:51,279 --> 00:29:55,520 um please know that we don't spend 650 00:29:55,530 --> 00:29:56,840 [Music] 651 00:29:56,840 --> 00:30:01,679 72,364 on 40 prek children. Um that's 652 00:30:01,679 --> 00:30:05,039 just prek money, right? Is that prek 653 00:30:05,039 --> 00:30:08,640 money? So we have um 40 slots that are 654 00:30:08,640 --> 00:30:10,320 funed through PB, but the rest of 655 00:30:10,320 --> 00:30:14,470 Northwood is funed. 656 00:30:14,480 --> 00:30:16,320 Oh yeah, those would be the kindergarten 657 00:30:16,320 --> 00:30:20,440 kids, right? That's correct. Yes, 658 00:30:20,440 --> 00:30:23,440 got that. 659 00:30:23,440 --> 00:30:24,559 We've always had trouble with that 660 00:30:24,559 --> 00:30:31,070 slide. Yeah, I 661 00:30:31,080 --> 00:30:39,149 know. Are there any other 662 00:30:39,159 --> 00:30:43,210 questions? I will entertain a motion 663 00:30:43,210 --> 00:30:49,710 [Music] 664 00:30:49,720 --> 00:30:53,720 for all.