Dr. Susan Legutko, Assistant Superintendent for Business Affairs, provided the attached visual presentation of the 2023-2024 budget that included the proposed millages, roll-back rate calculation, and proposed revenues and expenditures for all funds.  The total millage to be levied is more than the roll-back rate by 12.10% so the district will be required to advertise a tax increase.  The unassigned General Fund balance on June 30, 2023 is estimated at 4.53%, with an estimated 4.71% on June 30, 2024.  The district's total tentative budget (all funds) for the fiscal year 2023-2024 is $589,848,650.  The final public hearing to adopt the final millage and the budget for 2023-2024 will be held on September 14, 2023.

Chair Gilhousen opened the public hearing.  With no one coming forward to speak, the public hearing was closed.

Representatives from the Operations Department provided the attached visual presentations.  Bryce Ellis, Assistant Superintendent of Operations advised here department collaborated with the Technology Department and the plan, for the first time, also reflects technology initiatives.  This is a tentative plan that may be revised as needed.

Lance Addison, Coordinator of Facilities & Planning, reviewed the attached visual presentation, highlighting current growth, enrollment, and student data trends, as well as the areas of growth in Clay County and projected school needs.

Dr. Michael Kemp, Director of Facilities Planning and Construction, reviewed the attached visual presentation, discussing capital revenue sources, projected revenue across funding sources, district capital outlay expenditures, the Educational Facilities Plan (EFP) process, planned projects, and completed projects.  Dr. Kemp noted the challenge of significant growth in combination with the sequential increase in the cost of construction materials and supplies and expressed the need to leverage funds to obtain the biggest impact for growth.  The pandemic continues to impact the cost of construction, supply, demand, and material with construction costs more than doubling and no additional funding provided to offset the increased cost of construction.

Superintendent Broskie expressed excitement for the return of teachers and students to schools.