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September 23, 2019 Board Meeting Summary
Board Recognizes Students, Staff & Community Partners
2020 National Merit Scholarship Competition Semifinalists
Allen High School recognized a record 38 students as semifinalists in the 2020 National Merit Scholarship Competition. More than 1.5 million juniors took the 2018 PSAT, which is the test that qualified students for the 2020 scholarship competition. Approximately 16,000 students, or about 1 percent, are recognized as semifinalists, or the highest-scoring entrants. The semifinalists will submit a detailed application illustrating their academic record, activity participation, leadership abilities and honors and awards received. Those selected as National Merit finalists will be eligible for National Merit Scholarships, corporate-sponsored Merit Scholarships and college-sponsored Merit Scholarships. Finalists will be announced in February.
The 2019-20 Allen High School National Merit Semifinalists are Andrea Afonso, Jenny Ahn, Riya Anand, Austin Chemelli, Sarah Chen, Allen Dong, Wenting Du, David Edgemon, Sean Gao, Amila Haque, Rachel Hong, Daniel Honrales, Harry Kang, Caroline Kemp, Angela Liu, Siddhi Malvankar, Priya Mandava, Abhi Patel, Nidhi Pawate, Ian Poynter, Anita Prabhu, Avani Putcha, Ian Raham, Wasif Reaz, Alice Shao, Leia Sing, Kaylee Smith, Pranay Srivastava, Sophia Stanzo, Lauren Tompkins, Karis Tsao, Teya Weckerly, Peyton Wright, Shiyu Xu, Arsen Yang, Yi Jun Yang, Angela Yeung, and Ruth Zachariah.
Allen Competitive Clay Target Shooting Team Wins National Championship
The Allen Eagles Competitive Shooting Team competed in Marengo, Ohio from July 13 to 20 against 2,343 athletes from 32 states. This was Allen’s seventh time representing the state of Texas at the Scholastic Clay Target Programs American Team Nationals. The Eagles took first place in 2014, 2015 and 2017, runner-up in 2018 and this year won the National Championship with an aggregate score of 2,746 out of 3,000 combined targets in the trap, skeet and sporting clays categories.
Allen shooters Joseph Ferraro, Thomas Keele and Grant Stelmach claimed the High School Skeet National Championship with a combined score of 590 out of 600 targets. Stelmach shot a score of 199, placing fifth overall in the Skeet Senior Varsity Division. Ferraro shot a 196, taking third in the overall Skeet Junior Varsity Division. In sporting clays, varsity shooters Robert Beach and Grant Stelmach, and junior varsity shooter Nick Welch won the silver medal.
Stelmach also placed ninth overall in the Senior Division with perfect rounds in both skeet and trap. Beach placed seventeenth in the Senior Division.
Allen also claimed the National Championship for Bunker Trap in the Open Division with athletes Beach, Stelmach and Welch. The junior varsity squad of Joseph Ferraro, Brandon Martin and Nick Welch brought home the bronze for Skeet Doubles Junior Varsity Squad.
Dylan Little, Owen Lyons, and Tyler Stelmach won second place in Skeet and fourth place in Sporting Clays. Allen’s youngest shooter, Blossom Hodge, placed third overall in Skeet and fifth overall in Sporting Clays in the Ladies Rookie Division.
Allen shooters Robert Beach, Kaleb Carper, Trevor Christensen, Dylan Little, and Nick Welch were named to the Texas Scholastic Clay Target Program All State Team.
Kaleb Carper, Thomas Keele, Dylan Little, John Lyons, and Nick Welch were named to the National Rifle Association and SCTP All Scholastic National Team for excellence in both marksmanship and academics. Senior Kaleb Carper earned a $1,000 SCTP scholarship.
Fire Department Donation to Allen ISD
The City of Allen Fire Department donated 165 ‘Stop the Bleed’ kits to Allen ISD. Chief Daniel Williams and Firefighter Tony Cooper headed up this initiative. The recent passage of HB 496 requires school districts to implement a bleeding control training program and provide bleeding control kits. Chief Williams purchased the extra items to ensure that we met the state requirements. The kits saved the district approximately $6,000.00, and they have the potential to save lives in a life-threatening incident.
Board Receives Update on SOAR2030 Strategic Planning
Katie Kordel, Allen ISD’s chief innovation and strategic initiatives officer, provided the Board of Trustees the latest update on the SOAR2030 initiative. The Stakeholder Visioning Committee met for the first time on September 16 and heard from a panel of industry leaders. This committee will help build the framework of the strategic plan, and committee composition will likely include students, parents, community members, teachers, principals and assistant principals, central office leaders and more.
The next meeting is scheduled for Oct. 2, 2019.
Board Receives Legislative Update
Deron Robinson, General Counsel, and Dr. Maroba Zoeller, Chief Governmental Affiars Officers, provided the Trustees with an update on legislative issues. Specifcially, they discussed the major components of HB3 (the school funding bill) and the impact it will have on Allen ISD.
Board Receives Update on STAAR/EOC Results
Jennifer Wilhelm, Assistant Superintendent for Learner Services, provided the Board of Trustees with the score results data from the Spring 2019 STAAR/EOC. For both STAAR and EOC, Allen ISD surpassed the state level result for each assessment. In the 2019 Accountability Comparative Data, Allen ISD scored a 93 overall as a district.
Board of Trustees Nominate Individual CCAD Board of Directors
The Board shall participate in the election of the board of directors of the appraisal district or districts as provided by law. Allen ISD will have approximately 400 votes to cast in the election of the Board of Directors for the Collin Central Appraisal District. The term will be for two years beginning January 1, 2020
The Board of Trustees approved a resolution nominating Gary Rodenbaugh for the position of the Board of Directors of the Collin Central Appraisal District.
Board Authorizes Refunding Bonds
The Board of Trustees adopted an order authorizing the issuance of Allen Independent School District Unlimited Tax Refunding Bonds, Taxable Series 2019, establishing parameters for the sale and issuance of such bonds and delegating certain matters to authorized officials of the District.
The refinancing and/or restructuring of debt can be valuable debt management tools to provide the District with debt service savings or debt payment relief, or to allow for the issuance of additional debt. For debt service savings alone, the District shall consider refunding debt when the analysis indicates the potential for present value savings of at least 3 percent of the par amount being refunded. Consideration shall also be given to the amount of negative arbitrage associated with the proposed refunding and the long term financing goals of the District. In the case of a current refunding, the District shall consider refunding debt whenever an analysis indicates the potential for present value savings above the transaction costs of the refunding.
Hilltop Securities, the district’s financial advisor, periodically reviews the bond market as to the appropriateness of refunding or refinancing the district’s outstanding general obligation debt. Such market conditions now exist to make it worthwhile for a bond refunding.
It is recommended to conduct the bond refunding process as a negotiated sale of bonds. In essence, new bonds are sold by the district at a lesser interest rate in order to repay old bonds. The proceeds from the new bonds are escrowed until the bonds are callable or matured. The district’s responsibility is to repay the new debt.
The Federal Tax Law Bill of 2018 eliminated the ability to conduct “advance refundings” of debt principal prior to the callable date for the Bond Series on a “Tax-Exempt” basis. However, advance refundings are still allowed using “Taxable” bonds. However, in general, a higher interest rate must be offered for Taxable bonds versus Tax Exempt since the tax benefit is no longer in place for investors.
The Order Authorizing the Issuance of the Bonds contains certain parameters to allow the Superintendent or his designee the authority to go to market when certain conditions are met. The parameters are listed in Section 3 of the Bond Order and consist of the following:
- Delegate as Pricing Officers: Superintendent and Chief Financial Officer;
- the aggregate original principal amount of the Bonds shall not exceed
- the true interest cost rate of the Bonds shall not exceed 3.50%;
- the refunding must produce present value savings of not less than 8.00%, net of
any District contribution;
- and, the final maturity of the Bonds shall not exceed February 15, 2042.
The delegation within this Order shall expire if not exercised by the Pricing Officers within 180 days of the adoption of this Order. The Pricing Officers may exercise such delegation on more than one occasion during such time period.
Next Board Meeting
The next regular meeting of the Allen ISD Board of Trustees is scheduled for Monday, October 28 at 7 p.m. at Allen City Hall.