Board Finance & Facilities Committee Minutes – October 19, 2020

District Mission: The Sioux City Community School District exists to educate students to believe in their talents and skills, achieve academic excellence, and succeed in reaching their potential.

Facilitator: Dr. Paul Gausman
Secretary: Patty Blankenship

The Board Finance & Facilities Committee (BF&F) met on Monday, October 19, 2020 in the
Educational Service Center Board Room. Copies of the Agenda and the following Executive
Summaries were available:

  • Letter of Agreement with Metropolitan Opera
  • FY22 Budget Guiding Principles
  • Approximately $33,670,000 School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds, Series 2020: Consideration of Financing Proposals, Resolution Directing Sale and Resolution Authorizing the Refunding of Series 2014 and Series 2015A Bonds
  • District Application for the Environmental Protection Agency (EPA) DERA Clean Diesel School Bus Rebate

Committee Members Present: Dr. Paul Gausman, Patty Blankenship, Ron Colling, Dan
Greenwell, Taylor Goodvin, Brian Fahrendholz

Committee Members Absent: Patty Pageler

Guests / Visitors: Pat Toben

Call to Order: Dr. Paul Gausman called the meeting to order at 3:00 p.m.

Letter of Agreement with Metropolitan Opera: Pat Toben

  • The Metropolitan Opera has an educational program that provides free virtual training for educators, teacher access to standards based lessons aligned with the Iowa core academic standards in fine arts, history, and literature and provides free teacher and student licenses to access the online Met on Demand catalog platform.
  • The recommendation is that the Board of Directors accepts and signs a letter of agreement for HD Live in Schools with the Metropolitan Opera.
  • This item will be included on the agenda of the October 26, 2020 Board meeting.

FY22 Budget Guiding Principles: Dr. Paul Gausman

  • To provide sample budgetary decision points and guiding principles for the Board to review, discuss and select as the Administrative team begins to develop the FY22 budget.
  • The Superintendent recommends that the Board members review the “Budgeting Decision Points for Iowa School Board Members” document.
  • The Superintendent recommends that the Board select no fewer than three, and no more than seven budgetary guiding principles.
  • The recommendation is that the Board gives the Superintendent of Schools guidance for budget development, by creating a list of guiding principles for the FY22 budget.
  • This item will be included on the agenda of the October 26, 2020 Board meeting.

Approximately $33,670,000 School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds, Series 2020: Consideration of Financing Proposals, Resolution Directing Sale and Resolution Authorizing the Refunding of Series 2014 and Series 2015A Bonds: Patty Blankenship

  • The District will issue bonds in the approximate amount of $33,670,000 to refund the outstanding School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2014, dated September 9, 2014 and Series 2015A, dated June 9, 2015.
  • The following actions and resolutions be will included on the agenda of the October 26, 2020 Board meeting:
  • Opening and considering sealed bids by the Treasurer of the Board and Financial Advisor and referring same to the Board of Directors.
  • Consideration of sealed bids opened and reviewed by the Treasurer of the Board and the Financial Advisor.
  • Resolution directing the sale of approximately $33,670,000 School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds, Series 2020.
  • Resolution authorizing the redemption of outstanding School Infrastructure Sales, Services and Use Tax Revenue Refunding Bonds, Series 2014, dated September 9, 2014, and directing notice be given.
  • Resolution authorizing the redemption of outstanding School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2015A, dated June 9, 2015 and directing notice be given.

District Application for the Environmental Protection Agency (EPA) DERA Clean Diesel School Bus Rebate: Brian Fahrendholz

  • The Administration is requesting approval to apply for an Environmental Protection Agency (EPA) DERA clean diesel bus rebate in the amount of $60,000 ($20,000 per bus) for three new clean diesel school buses for FY22.
  • The three new buses will replace 2004 and 2005 model school buses.
  • The application may be withdrawn at any time should FY22 budget constraints apply.
  • The recommendation is that the Board approved the District’s application for the Environmental Protection Agency (EPA) DERA clean diesel school bus rebate in the amount of $60,000.
  • This item will be include on the agenda of the October 26, 2020 Board meeting.

Finance Report for September – Revenues and Expenditures: Patty Blankenship

  • The September Finance Report was briefly reviewed.
  • There was discussion regarding the ESSER and GEERS revenue and expenditures year to date.

The next meeting of the Board Finance & Facilities Committee will be Monday, November 2,
2020 at 3:00 p.m. in the ESC Board Room.