then you have the financial statement what notes and that the single ought section because she received over three hundred thousand dollars in federal funds required at the same lot by the federal government and there were no instances of non million dollars there were transfers out of the other financing sources in uses of five point eight million dollars so there's a net change in fund now and so one point four million dollars so you expenditures suited your revenues by one point four million dollars at the beginning plan balance so eleven million that's how we arrived at nine point eight now the reason why you you had a decrease and you had budget in that way property loss for this for the year so the operating revenue so the responder nine hundred thousand dollars we have operating expenses a one point one million dollars and an operating loss before subsidies  two twenty six we have non operating revenues of two hundred fifty thousand dollars which includes your state and federal sources so we had a net loss of ten thousand dollars if you hill to climb to get over three hundred thousand forget the last couple months we are at that juncture now right now we're estimating the savings to be three hundred ten thousand dollars which would be available at the closing of the bond issue for capital projects we've also added three million borrowed for a couple projects first couple projects that you've been considering the bond issue of three million so in and out cost or estimated when you sell the longs to investors along with the savings it would provide based on these estimates three million two hundred  thousand dollars in the far right column their capital projects funds first line of the use of funds so that's what would be available for capital projects at the closing of course we can you know adjust that number if you more or less on the boring for new money and the rate is a little over two percent so still by historical standards very very attractive  we're funding so when you see existing that's existing without that issue the series two thousand and thirteen a that would be the new refunding bonds they match exactly match with the existing is because you're taking the savings up front so the payments don't change so what you're really adding to your budget impact is the series of two thirty two thousand and thirteen b that's the payments on the three million new bonds and then the impact roughly seventy five thousand dollars a year and again we've utilized a wraparound structure as we often do which is very and do for for the district because of the aggressive retirement of principle which again as we've talked introduced your high bond rating and so when you look at those columns on the far right in yellow which is net after the reimbursement that you receive so again contrast those with you know the over five million plus we used to pay and now we're going to be paying to better illustrate to you the impact of new money because again the refunding you just keep your payments the same same term same payment they just taking you know equity out of house again as we've talked about in this case closing savings of closing them so this shows you the new money and the new money is we sort of that's the that's the dark blue at the top of the charge so that if you look at the gray shaded area you know that that's what you're scheduled to pay now that slope and then you go down so the dark little blue that's the impact of the new money so again that little shading area up from the i don't know i'm not going to colors you've got the navy doesn't royal blue and whatever the blue is below it the p and c blue that's seventy five thousand dollars a year impact and then the real other impact is look at the far right that's where most of that two thousand and thirteen three million dollars gets paid off the principal  two thousand and twenty eight which is you know the wrapper when your other debt slopes off put that in there so in essence is extends the average life of your debt by a little over a year in terms of bor for the three million and seventy five thousand impact and three hundred ten thousand savings right now in the  the new bond instead of i think if we can add three point eight straight across and then you have a cliff at the end in maybe back back a year or so on the term it's just it's really me if we i didn't do the wrap around and sort of had your payments be more level like a home mortgage on this new one and we just it would increase your annual payment from seventy five thousand depending how much back feel you wanted to do but you know you could double that one hundred fifty thousand or so if you took away the wraparound and filling in those two extra years you see this payment so it's really just a function of keeping your total debt picture no and retirement plan the same as it is up on this debt then i'm kind of working against what you tried to establish initially which is less discretionary funding ability and so i put that on the back end figure and you still have everything paid off in a little over fifteen years and it gives you that money excuse me whenever you start looking into this one of the things that i was in the rest of the day the community i think was very interested in is the fact that you did exactly what you said you're going to do and say the the net savings to the community of almost one f is that what i see in here you mean for the refunding right yes three in ten thousand that's correct thank you and that's not after any cost or stage takes are sure that's what the district ends up like the columns that are that are titled federal subsidy an estimated reimbursement they apply whether or not success i'm trying to get a handle on the on the columns so if i'm comparing apples and apples i'm taking existing debt service and combined debt service and i'm comparing those two columns correct existing is what you have with the exception of two thousand and eight issue so then we had a new one in that refunds and then we had the three million that gives you that's we how you get to the combine and then we that's a gross number and then us to make that those two two columns will be deducted so the local share will be actually what we're  regardless of what happens right and when you do refunding they carry over the ridge reimbursement to the new issue so history million i don't believe would have any reimbursement so it wouldn't come into play there but it doesn't affect your  as you touched on the moratorium give any update on where we're at with the same funding level in this year's budget proposed as was last year so the only way and there's over a hundred districts in line and they just and the only way money becomes available is one of the projects final payments made and that reimbursement that was going to that school district now goes so first one in line so i mean they are they encourage districts to continue to apply and you'll get your approval and then they'll get you to party and say but we have no idea when you're going to run might be four years two years five years so i mean for any district and we recommend all have to go into it assuming can we make this work and now yes yes are there any districts throughout the state that are doing any building or boy i tell you we there are a couple but we've had several that hold the  stops they just can't they we're counting on twenty percent twenty five it's tough because the ones in the the most they just can't they're the ones with a twenty point they can't i mean though some districts have a seven or eight ten percent they're like ok we can live without it but the ones that and but they don't even have the wherewithal to decide to do it on their own because of the tax summit in the index so they are not even a position to do it if they want to just take it to the popul viewpoint but there's also in legislation now introduced by through the state senate that every funding or new project doesn't matter that you have to would have to file for pre approval for the state department communicant development right now they review it after you've sold the bonds just make sure you've dotted all your i's brush your teeth they would have a ninety day pre approval process where they would look at it and determine if it was financially feasible for you to do this for funding or a new project so that existing one which is about half the cost so if you want to self funded and do that you them knock yourself out  resolution at the eighteenth meeting that's correct so if you are ok with this then lisa what she would do we have passed a resolution before for the refunding but if you want to borrow the new money then she'll come on the eighteenth with their new resolution that covers both of them and if if you're ok and at least we are with the refunding from the previous action that we could stiff savings over three hundred thousand we can sell the bonds the day before and day of the morning of your meeting on the eighteenth which is what we used to do and then come to you on the eighteenth that night and the rates will be bottled and sold the race will be a lot then and you approve it it's good it's done so that resolution would be adopted and we would have pretty nice schedule laid out tours but we have money left over from the prior on that we have to spend sooner we have some of our own money they can be actually put out longer and we can use this sooner if there's projects in the be done so we have to use some tim but we need to modify the resolution to give us any flexibility so that to ninety nine that we don't on less of what we're doing yeah that's i mean this to savings as a percentage of almost five percent i mean three percent norm so you could think that i mean right here i am their all time low so i mean i think if you lowered it to and i wouldn't recommend a lower this you want to to seventy five then you know you'll you'll be safe to get that done on the eighteenth but we don't we want to be at two nine nine we miss a wait another month and it might be actually go even worse right right oh i guess i'm just looking for some guidance is what would be the best for us to do  in order to not miss it on the eighteenth and then have to wait for another month till next meeting whatever i mean i why don't we just put i would say maybe something like two hundred eighty thousand still real healthy you're still interesting or be three hundred or over but just because of some of the just to to not do and then not do the three million also because then you'd be in a position like ok we missed it by five thousand dollars i'll do we do to three million well gee you know we got paid a cost for that and that their funding comes back over three hundred thousand then we've got another bond issue on our hands doubling some of the cost so i would say to eighty five you're safe and hopefully just stay over the three hundred ok so i am looking at the bottom of the green row of numbers which according to this is the high school and it looks to me maybe i'm misreading the lines but the projected numbers for the high school appear to be yes sorry yes the one the very beginning the person you talked about i was just looking at the year two thousand and fifteen sixteen projected on the first chart the high school total said fourteen ninety seven and if i'm reading the chart correctly here it is fifteen thirty eight just out of place by one yeah so i mean i'm not sure they're going to find an answer to that right now but i just want to point it out and we need to know which set of numbers is correct they were thinking the housing starts were going to keep going the way they were in good thousand born two thousand five has to just for the future i'm not asking you to change it for now but i think a night nice column next to milage rate might be school district state ranking because i went back and just looked at some of the state rankings i only found a local but it says it in the numbers there were you know where we are ranked in the state from our academic performance versus all these other washington county schools are no new your us so in there are several different criteria right don't want the one the one that i looked at was the from the pittsburgh business times which may not be the most scientific ranking but that was the one that was easy as for me to find just for comparison and i'm not saying that's the best one to use but i think we guard lists of the ranking the use whether it's the standard and poor's over the state b s it saves it whatever it is it really brings home the point that not only do we have a relatively low milage  so yeah and isn't it also true that california has gets ten mills or something from the university of california so we're actually still lower than them technically right my purpose yeah my purpose is not to make more work for you it's that to make it a clearer picture that if the taxpayer is looking at this and going oh no i hope my military isn't going to go up again they might see what they're getting actual expenditures i mean get over the last four years with regard to eleven twelve five years prior to loving well we've had an increase of three point eight percent percent next light years our actual expenditures this is for the special education budget where in ninety seven ninety eight we started with one point two million dollars  actual revenues to the right you could see in twelve thirteen that were budgeting five point two million dollars spent says or however or special ed subsidy special ed students you know some more like the chart that you had before where you were tracking the enrollment alongside the cost i can see with records yes but i will check on  because if it's not increased enrollment is it increased to well i'm sure the state is requiring more so is it increased requirements by the state or what actually is driving them to take goods or soup if you also need to meet it district employees who are working with either just board members and not getting the group of how to spend this money i hope that it has a little ramification on us if something happens that that money is spent outside of what the membership may lie in so i really am concerned that we get this review across the board handled as a project here within the district and really have some input set will reduce that priority associated to any of these in terms of things that absolutely must be done because there are maintenance issue that's going to cause a real problem or any priority with  just kind of a general overview time there's going to be a better feeling for expenses that are going on revenue so you look at states at this point is there any other information that you would like for business a very comprehensive and complex budget to put together and i know the spend weekend times here working in here in time actually met over the weekend on saturday to go over and finalize this were poured in and then she did a great now and i did briefly look at the updated roman figures tonight that mr bell six appeared i'm not going to read the letter word for word i mean take you through the gist of it the thought that's that's going to go through this whole budget process you have some hard decisions to make last year was particularly difficult with the large decrease in state funding that experienced as well as the increase in pension costs and are seeing it increasing health care costs so that prioritization of what we believe is important and we have an obligation to get the best education macand our students today and not just look at what's in rome is going to be in five years so this is i'm standing here as an individual on this letter other parents signed it they are pleasant valley p t a board members we are going to present this letter to our membership at wednesday's p t a meeting and ask for their approval to reprint it to you on behalf of the pleasant valley parent teacher association every meeting that you sit in that we sit in as parents that our staff sits in at the recent comprehensive planning meeting the discussion is around we are a great district i can fill up this entire page with our accomplishments and our achievements where they're looking at p business times and relevant than the state where they're looking at pleasant valley being a blue ribbon school in our medical middle school now nominated to be a blue ribbon school achieving a y p in every school in our district how do we maintain that how do we do better as you sat here and talked about the r p eight and have separate for a new superintendent you talked about this is a challenging job because you're looking for someone to come in and lead our district to not only maintain member add but raise our to increase our rankings raise our rankings that's harder to do when you're near the top so i'm presenting this as exclusively a means to say here is an opportunity today to increase the quality of education we give to every student at the elementary level and as you're making decisions on class sizes for next year teaching positions and paraprofessional positions please don't just look at the numbers on a piece of paper come visit our school come visit our hill come visit mcmurry talk to the teachers sit in a classroom see what they see the impact is when you have twenty two students in a class versus twenty seven it's huge this year was a particularly difficult year for third grade at pleasant valley we have one class of twenty seven other classes of twenty six and i am going to talk to that in a minute but i  want to take a step back as well you mentioned first grade at pleasant valley yes you have five kindergarten classes this year next year you have to make a decision do you maintain the four first grade teaching positions or increase that to five  the average based on your enroll mr about six of one hundred thirteen students next year if you keep it for you're going to have an average  over twenty seven thank you laurie so if you go down for you're going back out like twenty two i think it was third grade is also going to be a decision that you need to make right now there are five third grade teachers the last few years that grade that's upcoming has lost a teacher versus the year ahead of them if that makes sense so this year there are five third grade classes there are four second grade classes at a hundred and thirteen third grade students next year if you keep the five teachers you'll have an average of twenty two point six in third grade if you go down to four you'll have over twenty eight so the thought the last couple years in this district has been that class size really only matters  kindergarten first grade i'm asking you to continue that that is very important but let me talk to you about why it's important in the upper grades as well so what i want to so what i'm asking you specifically is when you're looking at class sizes it pleasant valley and i ask you also do this from our heller partner school although there are a roman number something a little bit better average class size is less than or equal to twenty four in each and every grade a pleasant valley and equivalent sizes add a first grade teacher above the current numbers that are there are now and maintain the five third grade teaching position that pleasant valley so please don't rob peter to pay paul don't move a third grade teacher to first grade and that also provide adequate paraprofessional resource a ca across all grades and classes at pleasant valley we have wonderful teachers we are so blessed this is my fourth year as a parent pleasant valley and i am so impressed with the quality of these teachers i was so impressed with the quality of these paraprofessionals let's give them the tool that they need to do the best job they can or paraprofessionals are shared across classrooms they're not dedicated within saw me just take you through i am going to take you through the bullets on the rationale to make you understand why i'm asking for what i'm asking and why these other parents are as well third grade curriculum and teaching means are very demanding first grade curriculum introduces new topics second grade expands those topics and teaches them one in more depth third grade is the third grade is a demanding step up with many new topic introductions plus an in depth study third grade is the first year of p s a testing in this district the teachers spend that extensive amount of time preparing these students to to do the best they can on these these tests next year in two thousand and thirteen fourteen will be the first year that writing is a required part of the p s s a's this year the students are are doing writing but it's a test year for the p s a's next year it counts writing as a major part of third grade curriculum and have each child go through the complete writing process and work with individually to edit their papers with the help of a teacher is a challenge i actually went in and helped in my daughter's third grade class this year teacher has had a few parents come in to help her with this she's in the class of twenty seven students i worked with three students in an hour and a half not so it takes me longer than the teacher because i'm not a teacher but i had a range of students from one who broke very well they just needed to add some descriptive words and to make it excellent i had someone who was sort of in the middle and had someone who really needed help forming a complete sentence that didn't have every word misspelled to ask this teacher to spend that time on every writing sample with twenty seven it's impossible differentiated instruction to meet individual means it's challenging with twenty five or more children per class you know we really hope in a district like peters that our child is getting individualized differentiated instruction one on one when they need it strong reading and math skills are a necessity by the end of third grade to prepare the students adequately for the rigorous separates for three six if you are a strong reader and don't have that basic foundation amount skills by the end the third grade you're not set up for the best success as you advance on the mcmurry in the future grades we talked about the importance of differentiated instruction that specially in challenging when teaching new math concepts especially in third grade when many new concepts are introduced academic s emotional needs are greater net or greater now than ever before many students are identified included in the classroom full time support staff that is dedicated to a single classroom would benefit all students and large class size and inclusion is a challenge when the support from a pa professional is not full time in the room so we ask you to please not just look at the numbers think about what's expected of these students given the best chance they have i want my kids to get the best possible education they can today and i don't really care that in ten years there is only going to be twenty kids in the class because we don't have as many new housing starts we have in the in today for the right level of teaching support as well as paraprofessional support and we respectfully ask you to consider that as you go throughout this whole budgeting process thank you thank you