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October 22, 2018 Board Meeting Summary
Board honors outstanding students & educator
National AP Scholars
The Board of Trustees recognized nine Allen High School students for being named National AP (Advanced Placement) Scholars. The National AP Scholar designation is granted to students who receive an average score of at least 4 (out of 5) on all Advanced Placement exams taken and scores of 4 or higher on eight or more AP exams.
The 2018-19 National AP Scholars are:
- Nawfal Ameen
- Marie Ayiah
- Jessie Chen
- Joye Chen
- Rose Fardad
- Pallavi Kapilavaih
- Richard Liu
- Kaushik Malapati
- Kiersten Vicknair
PSAT/NMSQT National Hispanic Recognition Program
Each year, the National Hispanic Recognition Program (NHRP) honors more than 7,000 academically outstanding Hispanic/Latino juniors who take the PSAT National Merit Semifinalists Qualifying Test.
The 2018 AHS National Hispanic Scholars include:
- Alyssa Alvarez
- Matthew Beltran
- Noah Brown
- Taylor Contreras
- Jean-Luc Feliciano
- Emily Goridkov
- Luke Harrison
- Kenneth Hartman
- Victor Lopez De Nava Reza
- Brenden O’Brien
- Rey Perez
- Nicholas Schwartz
- Sofia Uranga
- Sebastian Villa Cuellar
Outstanding School Administrator Award
Allen ISD’s Instructional Specialist for Dyslexia, Kara Jasanak, recently received an award from the International Multisensory Structured Language Education Council (IMSLEC). She was recognized in Tennessee with the Innovator Award as an Outstanding School Administrator at their annual IMSLEC Council meeting.
Employees of the Month
Each month, the Allen ISD Human Resources Department recognizes one elementary teacher, one secondary teacher, and two district employees (anyone other than a classroom teacher) as the Employees of the Month. The monthly recognitions are sponsored by The Foundation For Allen Schools and Credit Union of Texas.
The Board of Trustees was proud to recognize the following honorees:
- Elementary Teacher of the Month: Vonna Bussey, 2nd-grade Teacher at Reed Elementary
- Secondary Teacher of the Month: Julie Rahn, Teacher at Curtis Middle School
- Employee of the Month: Jewel Pi, Teacher Assistant at Chandler Elementary
- Employee of the Month: Alison Wills, Registrar at Evans Elementary
Board Holds Public Hearing on Financial Accountability Rating
The Board of Trustees held a public forum to discuss the financial accountability system known as Schools FIRST (Financial Integrity Rating System of Texas). For the 2018 FIRST rating (fiscal year 2016-2017), Allen ISD earned the highest available rating of “A=Superior” by obtaining a score of 96 out of 100 possible points from 15 measurement indicators. A full description of each measurement indicator is available in the Board Book.
Trustees Approve Allen ISD’s Annual Financial & Compliance Report
Each year, Allen ISD’s fiscal accounts undergo an audit from a Texas-certified or public accountant holding a permit from the State Board of Public Accountancy. For fiscal year 2017-2018, the audit was conducted by Evans & Knauth, PLLC, and an Annual Financial and Compliance Report was compiled as a result of the audit. After review, the Board of Trustees approved Allen ISD’s Annual Financial and Compliance Report.
Board Approves a One-Time Payment to Permanent Employees
The Administration recommended and the Board approved a one-time payment to permanent employees who were employed with Allen ISD on October 1, 2018 and are still employed with Allen ISD as of the date of the payment. The one-time lump sum payment is to be paid in 2018 separately from the regular monthly paycheck.
The one-time payment is designed to strategically acknowledge staff for their work and commitment to Allen ISD, while also providing an incentive to sustain a culture of efficiency. The one-time payment does not create an on-going expenditure commitment, which is fiscally controlled and cost effective.
- Permanent full-time employees: $500
- Permanent part-time employees: $250
The total cost of the one-time payment is $1,295,009.
Board Authorizes Issuance of Refunding Bonds
Refinancing and/or restructuring of debt is a valuable tool that Allen ISD can use to help with debt-service savings or relief. Allen ISD’s financial advisor, Hilltop Securities, periodically reviews the bond market as to the appropriateness of refunding or refinancing Allen ISD’s outstanding general obligation debt. Such market conditions now exist to make it worthwhile for a bond refunding.
The Board of Trustees approved an order that allows Allen ISD to issue bonds (series 2018), with certain parameters in place. For example, the aggregate original principal amount of the bonds shall not exceed $8,390,000, and the true interest cost rate of the bonds shall not exceed 4.00%. Furthermore, the refunding must produce present value savings of no less than $500,000, net of any district contribution.
Next Board Meeting
The next regular meeting of the Allen ISD Board of Trustees is scheduled for Monday, November 26, 2018, at 7 p.m. at Allen City Hall.