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[Additional Item]

[00:00:04]

GOOD EVENING AND WELCOME TO OUR MEETING. BEFORE I CALL IT TO ORDER, I'M GOING OFF SCRIPT.

THE WHOLE ROOM JUST WENT, OH, NO. IT'S FUN, IT'S FUN.

SO SEVERAL OF US GOT TO GO TO MASBA, THE MEXICAN AMERICAN SCHOOL BOARD ASSOCIATION CONFERENCE IN SAN ANTONIO THIS LAST WEEKEND, AND WE WON. OUR AWARD IS PRESENTED TO DEL VALLE ISD FOR OUTSTANDING OUTSTANDING LITERACY INITIATIVE AT THE 2025 MR. CONFERENCE. SO I'D LIKE TO PRESENT THIS TO OUR ESTEEMED SUPERINTENDENT.

IT'S BEAUTIFUL AND IT'S HEAVY. SO WITH THAT, I AM PRESIDENT DARLA WEGNER.

[I. Call to Order]

I'D LIKE TO CALL THIS MEETING TO ORDER AT 6:16 P.M..

LET THE RECORD SHOW THAT A QUORUM IS PRESENT, AND THE NOTICE OF THIS MEETING WAS POSTED IN ACCORDANCE WITH THE TEXAS OPEN MEETINGS ACT.

THE FIRST ITEM ON OUR PUBLIC HEARING IS PUBLIC COMMENT AND DO WE HAVE ANY FOR THE PUBLIC HEARING? I DO NOT BELIEVE SO. OKAY. THANK YOU. AND THEN NEXT UP WE HAVE THE FIRST READING.

[III. Call for Public Hearing]

MISS DINA EDGAR, DEPUTY SUPERINTENDENT OF ADMINISTRATIVE SERVICES, PLEASE, MA'AM.

THANK YOU SO MUCH. GOOD EVENING, PRESIDENT WEGNER, DOCTOR GUTIERREZ AND MEMBERS OF THE BOARD.

THIS EVENING, I'LL BE PRESENTING RESULTS OF THE 22ND ANNUAL SCHOOL FIRST REPORT.

SO I BROKE THE PRESENTATION DOWN INTO THREE SECTIONS.

FIRST, I'LL PROVIDE A BRIEF OVERVIEW OVERVIEW OF WHAT SCHOOL FIRST IS.

THEN WE'LL TAKE A LOOK AT THE DISTRICT RESULTS.

AND FINALLY WE'LL REVIEW DISCLOSURES THAT ARE REQUIRED BY THE TEXAS EDUCATION AGENCY.

SO SCHOOL FIRST IS ESSENTIALLY A REPORT CARD OF THE DISTRICT'S FINANCIAL CONDITION.

FIRST IS AN ACRONYM FOR FINANCIAL INTEGRITY RATING SYSTEM OF TEXAS.

IT WAS DEVELOPED IN TEA IN 1999 AND THEN PUT INTO PRACTICE BEGINNING IN FISCAL YEAR 2002.

THE REPORT ALWAYS LAGS A YEAR BEHIND. SO THE RESULTS I'M PRESENTING TO YOU THIS EVENING ARE BASED ON FISCAL YEAR 23-24.

WE'RE CURRENTLY IN OUR SECOND 22ND YEAR OF SCHOOL FIRST REPORTING, AND WE HAVE RECEIVED THE HIGHEST RATING POSSIBLE FOR ALL CONSECUTIVE YEARS.

SO THERE ARE 21 INDICATORS FOR RATING YEAR 2025, WHICH CAN BE BROKEN DOWN INTO THREE CATEGORIES THAT MEASURE CRITICAL FINANCIAL COMPONENTS FINANCIAL SOLVENCY, AND FINANCIAL COMPETENCY.

THE INDICATORS ARE RATED DIFFERENTLY, WHERE ONE THROUGH FIVE ARE JUST YES OR NO ANSWERS WITH NO POINTS ASSIGNED, AND THEN SIX THROUGH 21 ARE UP TO 5 OR 10 POINTS EACH FOR A MAXIMUM SCORE OF 100.

THEN THE SCORING RUBRIC DETERMINES THE STATUS ASSIGNED TO THE DISTRICT, WHICH IS A LETTER GRADE OF A THROUGH F.

SO, ACCORDING TO SCHOOL FIRST REGULATIONS, THE DISTRICT IS REQUIRED TO HAVE A PUBLIC HEARING EACH YEAR WITHIN 60 DAYS OF TEA'S RELEASE OF THE FINAL RATINGS, AS WELL AS ISSUE AN ANNUAL MANAGEMENT REPORT, WHICH CAN BE FOUND ON THE BUSINESS SERVICES WEBSITE UNDER THE SECTION LABELED FINANCIAL ACCOUNTABILITY. A COPY OF THIS REPORT IS AVAILABLE THIS EVENING IN YOUR BOARD PACKET BEHIND THE PRESENTATION.

OKAY, SO LET'S TAKE A LOOK AT OUR RESULTS. WE ARE REQUIRED TO PRESENT RESULTS ON ALL 21 INDICATORS.

BUT TONIGHT I'LL BE HIGHLIGHTING JUST A FEW IN EACH OF THE THREE CATEGORIES.

SO BEGINNING WITH THE CRITICAL INDICATORS QUESTIONS ONE AND TWO ARE ASKING ABOUT OUR ANNUAL EXTERNAL AUDIT TO ENSURE THE ANNUAL FINANCIAL REPORT WAS SUBMITTED TO TEA ON TIME AND ASKING IF WE RECEIVED A CLEAN AUDIT WITH NO INSTANCES OF MATERIAL WEAKNESSES IN OUR INTERNAL CONTROLS.

INDICATOR THREE RELATES TO DEBT PAYMENTS ENSURING THE DISTRICT DID NOT DEFAULT.

AND NUMBER FOUR CONFIRMS TIMELY PAYMENTS TO GOVERNMENT AGENCIES LIKE TRS.

AND THEN FINALLY, FIVE IS LOOKING AT THE STATEMENT OF NET POSITION TO ENSURE THE DISTRICT IS NOT.

QUESTION SEVEN IS A FINANCIAL SOLVENCY INDICATOR THAT MEASURES HOW LONG.

IN DAYS AFTER THE END OF THE FISCAL YEAR, THE SCHOOL DISTRICT COULD HAVE DISBURSED FUNDS WITHOUT RECEIVING REVENUES.

SO A PERFECT SCORE WOULD BE 90 DAYS AND WE WERE AT 152 DAYS.

NOW, KEEP IN MIND WE'RE AT 152 DAYS AT THE END OF THE FISCAL YEAR.

BUT WE DO RUN LOW ON CASH FLOW COMING INTO NOVEMBER AND DECEMBER MONTHS.

SO IF THEY IF IF THEY HAD MEASURED THAT INDICATOR IN THOSE MONTHS, WE PROBABLY WOULDN'T HAVE FARED AS WELL.

INDICATOR EIGHT MEASURES CURRENT ASSETS OVER CURRENT LIABILITIES TO DETERMINE IF THE DISTRICT COULD COVER SHORT TERM DEBT.

TO SCORE A PERFECT TEN, THE RATIO HAD TO BE GREATER THAN OR EQUAL TO 3%, AND OUR RATIO IS 8.64%, AND THIS IS MAINLY DUE TO OUR 2022 BOND PROCEEDS.

QUESTION 11. STILL UNDER SOLVENCY, IS LOOKING AT THE RATIO OF LONG TERM LIABILITIES TO TOTAL ASSETS.

[00:05:07]

SO A PERFECT SCORE IS 60% OR LESS. AND THE DISTRICT SCORED 74 POINTS.

WE DID LOSE FOUR POINTS IN THAT PARTICULAR INDICATOR.

AND THOSE WERE THE ONLY POINTS WE DID LOSE. SO THESE LAST SIX QUESTIONS ARE RELATED TO COMPETENCY MEASURES WITH INDICATOR 16 QUESTIONING THE ACCURACY OF OUR TEAMS DATA SUBMISSION VERSUS WHAT WE REPORTED IN OUR ANNUAL FINANCIAL REPORT.

THE ALLOWABLE VARIANCE IS LESS THAN 3% AND WE HAD A 0% VARIANCE.

QUESTION 18 REFERS BACK TO THE ANNUAL FINANCIAL AUDIT REPORT LOOKING FOR INSTANCES OF MATERIAL NONCOMPLIANCE WITH LAWS RELATED TO LOCAL, STATE OR FEDERAL FUNDS. AND FINALLY, INDICATOR 21 RELATES TO REPAYMENTS OF STATE AID THAT MAY HAVE BEEN OVERPAID.

AND IF THE DISTRICT HAD TO GO ON A PAYMENT PLAN TO PAY MONEY DUE BACK TO THE STATE AT FISCAL YEAR END.

SO BASED ON THESE 21 INDICATORS, DEL VALLE SCORED 96 POINTS OUT OF 100.

AND THEN THIS LAST SECTION BRINGS US TO THE REQUIRED DISCLOSURES.

SO THE DISTRICT NEEDS TO DISCLOSE ANY GIFTS RECEIVED FROM VENDORS OVER $250 IN ANY BUSINESS TRANSACTIONS THAT A BOARD MEMBER OR SUPERINTENDENT MAY HAVE ENGAGED IN WITH THE DISTRICT. THERE HAVE BEEN NO GIFTS AND NO TRANSACTIONS.

ADDITIONALLY, WE MUST PROVIDE INFORMATION RELATED TO THE SUPERINTENDENT'S INCOME.

THE SUPERINTENDENT'S CONTRACT IS AVAILABLE ON OUR WEBSITE, AND THERE WAS NO ADDITIONAL INCOME RECEIVED DURING THE FISCAL YEAR OUTSIDE OF DEL VALLE ISD. AND FINALLY, WE'RE REQUIRED TO SHOW REIMBURSEMENTS BY BOARD MEMBERS AND SUPERINTENDENT.

IN FISCAL 23-24, THERE WAS RELATIVELY LOW ACTIVITY, AND ALL ARE RELATED TO REGISTRATION FEES AND EXPENSES ASSOCIATED WITH CONFERENCES THAT ALLOWS THE BOARD TO MEET THEIR STATUTORY REQUIREMENTS.

SO THIS LAST SLIDE CONCLUDES THE SCHOOL FIRST PRESENTATION WITH A RATING, A SCORE OF 96 AND A LETTER GRADE OF AN A.

AND WITH THAT I'M HAPPY TO ANSWER ANY QUESTIONS. THANK YOU FOR THIS BOARD.

KEEPING IN MIND THIS IS FOR THE LAST YEAR. ARE THERE ANY COMMENTS OR QUESTIONS IN REFERENCE TO OUR FIRST REPORT? THANK YOU VERY MUCH FOR THE PRESENTATION. AT THIS TIME, THAT CONCLUDES OUR PUBLIC HEARING.

[IV. Close Public Hearing]

SO I WILL CLOSE THAT AT 6:22. DO I HAVE A MOTION TO ADJOURN THE PUBLIC HEARING AT ALSO 6:23. VICE PRESIDENT LEDESMA, YOU MADE THE MOTION SECONDED BY TRUSTEE BURTON.

ALL OF THOSE IN FAVOR? BY A SHOW OF HANDS. TWO.

THREE. IS IT 6 OR 7? IT'S SEVEN. THERE WE GO.

7 TO 0. THANK YOU VERY MUCH.

* This transcript was compiled from uncorrected Closed Captioning.