New Board and New Business

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This week, closed session begins at 5:30pm. The board will reconvene for open session starting around 7pm in the LASD Board Room at 201 Covington Rd.  The entire agenda can be found here.

This week's meeting is different than most because we had an election this year.  Before we move into normal open session we Adjourn to Organizational Meeting.  During this time, Vladimir Ivanovic, Bryan Johnson and Shali Sirkay give their oath of office and re-join/join the board.  Next the Board elects the President, Vice-President and Clerk and play musical chairs once that is finished depending on the results.  Immediately after we take our seats again, the new President leads the meeting and the Board is asked to approve Board Procedures and to begin discussions of Board Committee placements.  The board procedures and prior committee placements can be found in agenda linked to above under items E.5 and E.6.  We then reconvene to the regular meeting.  

First up under Action/Discussion items is the 1st Interim Financial Report.  Randy Kenyon will be presenting this item.  It is an action item and the presentation and report can be found under agenda item J.1.  Staff recommends we approve this report to be sent to the county.  The report shows that we are fiscally sound and will be for the next 3 years, but is not cheery and shows that the District has some challenges in front of it.  Our enrollment decline, coupled with BCS's enrollment increase and a less than stellar economic forecast (slower growth) show that we have hard decisions ahead to determine what is the best interest of the financial health of the district and therefore the kids we educate.  

Next up, we have the District's financial advisor presenting on the Financing Plan for 10th Site Acquisition.  This is a discussion item and the presentation can be found under agenda item J.2.  This presentation goes over how the District will have to finance the purchase of the 10th site in Mountain View.  In short, the Board will learn what it will take to issue the bonds approved by Measure N.  Among other things it goes the process and costs associated with the process.  Because of the unique situation involving anticipated Transfer of Development Rights (TDR) sales proceeds, $80 million of the bonds issued will go through a slightly different process because (1) the sales of such bonds are not considered tax-exempt financing, and (2) the district will pay it off as soon as it receives the TDR proceeds.  

Last, but definitely not least, the Board will continue Proposition 39 Facilities Discussions in anticipation of its Preliminary Offer of Facilities to BCS due on February 1, 2019.  This is a discussion item, no action will be taken.  The presentation and supporting documentation can be found under agenda item J.3.  Based on BCS's short term enrollment increase to 1058 in district students in the 2019/20 school year and their projection of growing to 1200 in the long term, the District needs to figure out a solution that benefits the charter students and LASD students going forward.  We want to do what is best for all students in the district and want to give each and every student the same consideration.  

Please note, this is just the highlights of what is on the agenda for the 12/10/2018 meeting.  You can inform yourself about the rest of the agenda at the link provided above.  As always, feel free to email me with any questions.   ​