August 26, 2019 Board Meeting Summary

Board of Trustees – Meeting Summary

Aug. 26, 2019

Board Appoints Cameron to Fill Vacant Seat

Kevin Cameron was appointed to the Allen ISD Board of Trustees for the remainder of the 2019-2020 board term. The Board of Trustees approved the appointment after accepting and reviewing applications earlier in the month.

Cameron fills the vacancy left by the resignation of John Montgomery, who resigned in July due to work scheduling conflicts. Cameron will fill the board vacancy until the next board election, which will be held in May 2020. If elected, he would fill out the remainder of Montgomery’s term of office, which ends in May 2021.

 

Board Receives Construction Update

The Board of Trustees received an update on the ongoing construction projects in Allen ISD from Daniel Pitcock, assistant superintendent for operations, and Brandon Boyter, executive director of facilities. Work continues on the “new” Dillard Special Achievement Center and is expected to be competed on XXXX.

Two other projects were recently completed over the summer: Marion Elementary and F-Hall at Allen High School. The renovation at Marion Elementary has been completed and includes a new interior layout with new finishes on all walls and floors, new LED lighting, new interior and exterior doors and hardware, and a new card-access system.

F-Hall at AHS was completed and includes new LED lighting, a new interior layout with new finishes, added collaborative spaces, and modified space for special-program students and staff.

Additional projects include relocated offices for the Kids Club staff, special education lifts added to Olson Elementary and Curtis Middle School, new water fountains added at Boyd Elementary, and landscape renovations at Rountree and Olson elementary schools and Ford and Curtis middle schools.

 

Board of Trustees Receives Legislative Update

The Board of Trustees received an update on the major components of House Bill 3 from Deron Robinson, general counsel, and Dr. Maroba Zoeller, chief governmental relations officer. The major components are school finance reform (which includes funding changes, property tax relief and teacher pay) and education reform (which includes early literacy and mathematics proficiency, reporting requirements, and advisory committees).

 

Board of Trustees Receives Update on SOAR 2030

Katie Kordel, chief innovation officer, provided the Board with an update on the SOAR 2030 strategic-planning process. Kordel recapped the previous work that was conducted at the School Board Workshop meeting in August and outlined the next steps. AISD is currently in the process of filling the visioning committee which will be comprised of 140 parents, community members, faculty and staff. More than 500 people applied to serve on the committee. The visioning committee will begin meeting in mid-September and continue until the Spring of 2020.

 

Board Approves Tax Roll Resolution

The Board approved the 2019 tax roll resolution and adopted the appraisal roll totaling $15,167,078,396 with the amount of tax levy due totaling $216,950,056. The Appraisal Roll is prepared by the Collin Central Appraisal District (CCAD) and was presented to the district on July 15th. The CCAD also provides the appraisal roll to the Collin County Tax Assessor/Collector. The County Tax Assessor/Collector applies the tax rate to the appraised values, creating the final tax roll. The appraised roll constitutes the district’s tax roll for 2019-2020 fiscal year.

 

Board Authorizes Redemption to Save Money on Bonds

In February 2020, the District will have $36 million of bond principal from our 2010 Bond Series become “callable”, which means it is available to be refunded (refinanced) or to be cash redeemed (retired). By keeping the debt service tax rate at the current 41 cents per $100 of property value, the tax collections can cover the annual debt service payment due in 2020 of $51.8 million and provide an additional $10 million to cash redeem callable principal.

By using $18 million from the debt service fund balance, a total of $28 million of callable principal can be cash redeemed in February 2020. This redemption not only reduces the District’s total principal owed (bond debt obligations) but would reduce future interest owed by the District’s taxpayers by approximately $18 million. 

The Board adopted an order authorizing the redemption of certain outstanding bonds.

 

Board Adopts 2019 Tax Rate

The Board of Trustees approved the adoption of the 2019 tax rate for a total of $1.4589 (per $100 value). This includes $1.0489 for the maintenance and operations tax rate, and $0.4100 for the debt service tax rate.

  

Next Board Meeting

The next regular meeting of the Allen ISD Board of Trustees is scheduled for Monday, September 23 at 7 p.m. at Allen City Hall.