WEBVTT

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DTSD Webinars: Good evening and welcome to the February 24, th 2025 Finance Committee meeting.

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DTSD Webinars: This meeting is being live stream and video recorded, or the public

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DTSD Webinars: as we move forward here we will go through roll call

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DTSD Webinars: to announce the individuals here in the room and also online so I'll start with myself. Name and then position, and then I'll move to my right. So Mike Rizzo, board member

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DTSD Webinars: Jason Ricenyder, representing the Administration, Lindsey Drew Board, Member Jennifer Renz, Board, Member Stuart Mccarver, Board, Member

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DTSD Webinars: Carol Pitts, business manager, Michelle, Ache Board secretary, hey? Belle.

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DTSD Webinars: and then online Brian.

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Brian Ostella: Brian Ostellis is an advisor.

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Parker Davis: Parker Davis, citizen advisor.

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Joseph Dellasega: Joseph de la Sega, citizen advisor.

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DTSD Webinars: Thank you very much. I don't believe there's anybody else on.

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DTSD Webinars: Okay. So as we go down the agenda we will do the approval of the summary minutes.

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DTSD Webinars: From the last meeting, and I believe that

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DTSD Webinars: That meeting was back in

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DTSD Webinars: January. I'm thinking of the day 27.th Is that correct? So January 27th summary minutes, because I get a

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DTSD Webinars: sorry about that. Can I get a motion to approve the summary minutes from January 27.th So move Jennifer Renz, second Stuart Mccarver. Any discussion

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DTSD Webinars: all in favor, say, aye, I

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DTSD Webinars: motion carries. There is no unfinished business, and tonight we under new business. We will have the January finance report from

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DTSD Webinars: Miss Pitts, and then we will roll into the 2023, 2024 audit presentation by Boyer and Ritter and Matt Welderson.

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DTSD Webinars: Thank you.

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DTSD Webinars: So I just want to briefly touch on the financial results for the month of January. So I'll turn your attention to that. And for local revenues we took in approximately 2, 4. I'm sorry. 2.4 million dollars, and the majority of that was from the giant center pilot, or payment in lieu of taxes, and that was $744,000,

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DTSD Webinars: and we also took in real estate taxes of approximately $652,000, and we are still receiving taxes from the penalty period in the month of January. That's why, you see so much of that there. A lot of people are waiting until the very end to pay

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DTSD Webinars: from the state we took in a 3 point. I'm sorry. 364,

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DTSD Webinars: or almost $365,000. The majority of that was from our special Ed funding, $248,000, which is, comes into our accounts in the odd months of the month or the year. We also took in approximately $80,000 in a cyber charter payment, and the indications that I have been seeing from the budget presentations that I have been attending is that this currently is not planning. On being renewed in the 2526 fiscal year

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DTSD Webinars: for Federal revenues, we took in approximately $374,000, and 337,000 of that was an access draw for the Laurel life program.

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DTSD Webinars: and the remainder was our title 1, 2, and title 4 grants in expenditures. We had approximately 5.4 million dollars, and, as always, the largest portion of our expenditures are in our salaries and benefits, and that was approximately 4.1 million dollars total, which is very normal for a 2 pay month.

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DTSD Webinars: So the next thing I would like to move on to is to the budget transfers, and I know that you have not seen these since I've been here, and I will say this is one of those catch up items that we've been working on getting current.

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DTSD Webinars: So, and I will talk about them a little bit. So everybody understands what they do. A budget transfer does not change the total budget in any way. When the budget is approved, and when it is sent to the department of Ed, it is done in a very high level summary.

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DTSD Webinars: But all of our accounts we have many, many detail accounts where we budget in a very detailed way, and this is a way for us to control expenditures if and we'll look at that very top budget transfer, and it's called cover art field trip. There's 2 lines for that. It has the same description, and they're both for $60. One is money going out, and one is money going in, and the high school

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DTSD Webinars: chose to move money from their

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DTSD Webinars: school-wide travel budget into their art travel budget. So again, if you looked at the big

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DTSD Webinars: summarized budget that we sent off to Department of Ed, or even that you approved, you wouldn't really notice the difference between those 2 accounts, but as a at a detail level that is being moved. And this is a good thing to do for budgetary control, to make sure that we don't overspend an item. So I did kind of want to just talk about budget transfers real briefly. So I know

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DTSD Webinars: Mr. Frady and I are working because he had an unexpected expenditure in his budget for the bleachers that came up after the budget was approved in the summer. So we've been sitting down and identifying areas in his budget

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DTSD Webinars: where he has capacity where he does not think that he will be needing the remaining funds for the end of the year, and we will be moving that into the detail line where the bleachers were paid for. So you will probably be seeing that one very soon, but just kind of explaining what those are. And one other thing I do want to point out, school code does say that we may not do budget transfers until the month of October.

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DTSD Webinars: So, even though people may be.

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DTSD Webinars: even if Mr. Frady had wanted to do one. Once we knew about the bleachers in August, technically by school code, we cannot do that until October.

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DTSD Webinars: So that is what I have to say about budget transfers, or are there any questions about those?

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DTSD Webinars: Okay? This is not the prettiest report. But if you kind of group together all the ones that have the the same description, those are the ones that go together.

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DTSD Webinars: and then just attached to that is our usual list of bills for all of the funds, and I didn't find anything that was out of the ordinary when I was reviewing that. So that concludes my report. Are there any questions?

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DTSD Webinars: Okay?

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DTSD Webinars: And then I guess I'll be followed by Matt Wilderson from Boyer and Ritter, who will be talking to us about our 2324 audit report.

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DTSD Webinars: Oh, he's he's coming up

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DTSD Webinars: again. Name's Matt Wilderson. I work with Boyer and Ritter.

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DTSD Webinars: Serve the district as their auditor I work with. I work with the firm Boyer. I work with the manager, James Ferrano, and I have. He has a team of auditors that come out and perform the annual audit for the district.

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DTSD Webinars: You know, taking this to a kind of a high level to

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DTSD Webinars: start out, did I do that. Yeah. So why are we here today? Every year the district undergoes its annual audit.

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DTSD Webinars: It's required

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DTSD Webinars: for on a on a bunch of different levels. One is, you know, the Department of Education requires you to have one.

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DTSD Webinars: Secondly, you have bondholders, you know. You've borrowed money.

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DTSD Webinars: Thirdly, you've received Federal Awards, so you have to have compliance audits done. And you know, 3rd is, you know, the the

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DTSD Webinars: the public trust is in play. So certainly want to have that done? Get that done every year, as all Pennsylvania public schools do.

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DTSD Webinars: Talking very briefly about the audit process, we talk about the planning process which for the majority of our schools will kick off in the May to June timeframe each year we'll usually get on the phone with the business manager

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DTSD Webinars: and talk about changes and things that have occurred at the school at the school during the year. We'll read through the high level board minutes. Make sure we understand what's going on at each school. And really, what we're trying to do is understand changes that have occurred. So we can go through and plan our audits to, you know, mitigate any kind of risks of

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DTSD Webinars: financial statement misstatements. So we plan our audits to try to to try to avoid that.

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DTSD Webinars: We'd usually come in in the July timeframe to do internal control testing. We look at all your processes from you know whether it be payroll or your cash receipts, how you spend money, your bond payments going out, how you pay your, how you pay your teachers and your staff.

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DTSD Webinars: but we look at all the aspects of those individual controls to make sure that you have a strong foundation for financial reporting, so that it, when it comes up to the top level when it comes up to this big statement.

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DTSD Webinars: you know, you have strong fundamentals in place. So when you think that when you're reading a line that says salaries. Well, that's exactly what it is. And you know we have that broken down by salaries for instruction and and instructional student support, instructional support. And you know, buildings and maintenance or grounds.

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DTSD Webinars: and we want to make sure that all those salaries and benefits are going to the correct line items in your financial statements. So we certainly.

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DTSD Webinars: you know, look at the the structure for how you record all your financial information, and then we turn around and we roll it back up into your financial statements at the end of the year, where your financial team does.

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DTSD Webinars: We then turn around, and, you know, come out at the end of the year. In the past. We've come out in the, you know, generally like I said the July August to do the planning process this year it was pushed back a little bit further, and and then we turn around and we come out and do the final field work. And this year we came out in the November December timeframe. That was a little bit that was delayed, as there was some catch up work to be done.

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DTSD Webinars: So we went through the audit process in from December into January, and here we are in in February this year. If you recall last year I was here at June of of 24. So the timetable for the turnaround of the audit is improved, and you don't want to be looking at your prior year audit, when you're getting ready to pass your budget. So

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DTSD Webinars: that's an improvement.

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DTSD Webinars: Taking a look at what's included in the audit from a scoping standpoint. So obviously all the funds that you guys over oversee whether it be the general fund, you know, that's where the majority of the focus and attention goes to you. Have you have a lot going on from a capital where you're starting to have a lot from a capital planning standpoint. So certainly your capital project funds, Debt Service student activities Food Service Fund. And then, obviously, the the Granada Project is in there as well.

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DTSD Webinars: We have the Government Accounting Standard Board makes us present basically 2 sets of financial statements. One is the, you know, the the high level, full accrual fund, which is, you know, where we turn around, and we put it into the capital assets bonds. We put your pieces, liability on the books, and then there's a second set of books that you have in this financial statement.

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DTSD Webinars: and of course there's reconciliations to go back and forth for the bean counters in the crowd. But the second books is second set of books is what the board largely focuses on, and that is the it focuses on the you know, the current term, the fund level statement. So you're focused on the how much money you have in the general fund, how much money you have in the Capital Projects fund for the project that's coming up

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DTSD Webinars: next year. How are you going to fund that project? So it focuses on the current resources that you have.

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DTSD Webinars: and that's how you. That's how you do your budget, you carol reference, your your budget, your Pd. 2028. Every year you go through that process. You submit that you submit that budget to the Department of Education that's focused on the current resources. And that's where the majority of my comments today are going to focus. Because that's what in my mind matters to you as a board of directors.

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DTSD Webinars: so cut to the quick here the independent auditor's opinion. You're getting a clean opinion on your financial statements. And so that's the you're getting an unqualified or unqualified opinion, which means that the opinion is without qualification or reservation. It's the highest level opinion you can get from a Cpa firm.

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DTSD Webinars: So hats off to your financial management team, for you know, bringing this to the finish line.

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DTSD Webinars: And so that's the short story on the independent auditors. Report listed out of all the different segments and processes that we have to talk about, whether it be, you know, the management team's responsibilities, our responsibilities in the audit. I won't bore you with that today. We have to follow our generally accepted auditing standards, and your financial management team is responsible for this

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DTSD Webinars: for this 90 plus page document. And we have about 6 pages in there. That's our opinions.

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DTSD Webinars: So on pages 83, and 84.

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DTSD Webinars: The second layer of opinion is included in there, and what you'll see in there is that there's a there is a finding in there that we've classified as a as a significant deficiency related to the the timing of the closing of the financial records and the amount of work that it took to get to where we are today.

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DTSD Webinars: that we identified that as a significant deficiency. There was a lot of reconciliation of work that had to go in to bring the financial statements to its its current state of affairs, you know. So what the process looks like is, there's a there's a finding we bring it up.

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DTSD Webinars: You know, management looks at it. And we say, Hey, are you? Are you guys? Okay? With the precise language we're using here. And then on page 89. There's a specific response by the management team that they look at and they then they respond in the in the content of the audit.

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DTSD Webinars: Carol, did you have anything that you wanted to add on that? Okay, so it's there for people to kind of look through it. The second part of that report talks about whether or not there's any material noncompliance that could have significant financial implications to the district, and we did not find anything there

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DTSD Webinars: and nothing to report.

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DTSD Webinars: Looking at. The the 3rd and final report that we have

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DTSD Webinars: is the is is our Federal compliance audit report.

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DTSD Webinars: and in the Federal audit compliance report. As I mentioned earlier, you got over 4 million dollars in Federal Awards last year. We need to go through and look at the Federal awards. Make sure they're being spent properly, making sure you're checking the boxes on the things that Uncle Sam tells you. Hey? You got to watch these 5 or 10 things in each program this past year. We looked at the esser program as well as the school lunch program.

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DTSD Webinars: They made up a significant portion of your Federal wards. You got a clean opinion on all fronts there, so you got a clean opinion on the district's compliance. But then, also the internal controls over compliance. You also got a clean bill of health on there. So that's very good news.

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DTSD Webinars: not just for today, but also looking down the road that you're doing the right things and staying on top of, you know the the rules that are coming down the road, which are often many.

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DTSD Webinars: So, taking a look very quickly at. And I realize this is, you know, from from June 30th wanted to point out the you know, the general fund results. So the column all the way to the left has your 2024 budget in there. That's that's your adjusted budget. So net of any kind of transfers for the 24 year.

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DTSD Webinars: And then the second column is the 24 actual results.

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DTSD Webinars: And then we have, just from a historical perspective, we show 23, and 22 as well.

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DTSD Webinars: When I look at you know what you expect, and the budget's a tool for, hey? What? What are we expecting to have happen? How do we set our our taxes? And then what kind of comes out of it at the end?

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DTSD Webinars: When I compare you know the things that are different. And then on the revenue side, a couple of things pop out at me. You know one is the 1st thing is the extended term financing. That's from a that's an accounting rule. When you turn around. If you take out a lease to get computers, you have to almost record that as a financing source for the entire amount.

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DTSD Webinars: So that's what that's what that is. That would have been computers that you would have picked up in the 2324 year. And that's not necessarily something that's, you know. That's not part of the the budget process. Because what ends up happening is you record the 900 on the top side as a revenue, and then you record 900 as a as an expenditure for the full amount at that same time.

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DTSD Webinars: So and it's it's really it's obviously that's it, driven and cost benefit, driven at the time.

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DTSD Webinars: The other things that pop out to me as I'm looking at it are are, you know, is the swing in the overall, you know. Local revenues almost a almost a 2 million dollars difference there jumps out at me, and you know that's a combination of, you know an uptick in your delinquent occupation taxes your eit as well as you know what most districts have right now is is a lot of interest income.

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DTSD Webinars: which is good news. So those those amounts that you have in your in your fund balance are are working for you as well.

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DTSD Webinars: So, but those are the things that pop out at me. And you know the last thing I would point out, there is the the school went through and planned for a utilization or a drawdown of your fund balances, and you ended up about 4.2 million dollars to the, to the to the positive. And that's that's between, you know the uptick in the revenue, and obviously some of the cost savings as well that you would have encountered during the 2324 year.

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DTSD Webinars: Taking a quick look at the Food Service funds, a couple of things that I would point out there 1st is that you have between 23 and 24, just, you know, pretty much static on the local revenues, and that's the money you're bringing in from the children for the lunch program.

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DTSD Webinars: and then, you know, you can see there is a kind of a consistency there in your State and Federal revenues, but I will say that it is a pretty significant drop of where we were in, you know, in 2022, when you were getting over 2 million dollars in Federal and State money

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DTSD Webinars: so overall, you know, your your revenues went down slightly, but you also didn't transfer money in from the from the general fund. The other item that pops to me is when I'm looking at the, you know, kind of the supply cost year over year. It's about $172,000. Difference where? Where you had some fluctuation. There.

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DTSD Webinars: Looking at your capital project funds. You know I. So the the big, the big deal in the current year was the 2023 series bond issue, 15 million dollars. There's a there's a there's a premium that you also received

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DTSD Webinars: at the time of settlement. So that came out to 15.7 million dollars. So you got a $700,000 bond premium that came in. So you can see, you know. Certainly that's a big impact year over year for your overall increase in your fund balance there and the the revenues at the top line. Item, you'll see. There, that's $284,000,

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DTSD Webinars: that is, that's that's interest, interest income coming in. So.

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Parker Davis: Alright! So this is Parker Davis. 1 1 quick question on the previous page.

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DTSD Webinars: Yes, sir.

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Parker Davis: I'm just trying to quickly do the math on the 2,022 column.

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Parker Davis: If you could help me out.

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DTSD Webinars: Yeah, that's why I read this.

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DTSD Webinars: Yeah, that doesn't. That doesn't work. And 23 doesn't work either.

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Parker Davis: So.

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DTSD Webinars: Which is.

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Parker Davis: Yeah, are they numbers?

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DTSD Webinars: No, I'm looking at it. I'm looking at it wrong. Well, so 22 clearly doesn't work. But 23 does. So it's a plus plus minus.

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DTSD Webinars: Sorry about that.

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Parker Davis: Alright, very

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Parker Davis: and so is the are the. For 2,022 are the revenues, transfers, and expenditures, the

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Parker Davis: right, but the just. The the formula at the end is is kind of just, you know, not not working right now, or is the 6 6 the right number.

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DTSD Webinars: Yeah, I I'd have to. I'd have to go back and look.

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Parker Davis: Okay.

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DTSD Webinars: So I tried to add that for contextual purposes there's a carry forward and it didn't obviously didn't translate to this right here. So.

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Parker Davis: Thank you.

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DTSD Webinars: Yeah, but I I know I'm pretty certain that the the local source revenue and the transfers in are correct. I think it's just we. We got a little bit of a footing problem there in the 22 column.

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Parker Davis: Okay, I appreciate it's I mean, it's it's it's it's behind us. But but just wanted to make sure I wasn't missing something. Thank you.

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DTSD Webinars: Yep, yep, Nope, that's on me. Sorry about that.

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DTSD Webinars: Okay, I want to kind of move on to the the fund balances where the district sat as of the end of 24. The items that I see here you know the non-spendable. Those are, you know, the money you have in the Milton Hershey Trust

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DTSD Webinars: as well as some minor, you know, minor prepaids, and then you have restricted funds fund balances which are, you know, restricted by 3rd parties, for example, you know the money in capital reserve and capital projects, which is, you know, what largely makes up that amount. Those amounts, you know. You can't just do whatever you want with those. There's rules around. How you use those.

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DTSD Webinars: The committed fund balance, on the other hand, is, is a is a level that's at it's designated at the board level. So that's available to be used for those specific purposes or for purposes. If the Board changes its mind with regard to its utilization.

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DTSD Webinars: So that's at 13.1 million dollars, and then the unassigned is 6 million dollars. Now, as I look at you know. I look at the numbers, you know, year over year. You're looking at, hey? Well, we got we have a 24 million dollars swing year over year. Where is that coming from? Well, you can see the 1st number at the top line. There is about a 5.7 million dollars increase, you know from the from the trust.

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DTSD Webinars: The second line item is the that that Pop was by 14 million dollars, and that was the the capital projects funding net of any kind of expenditures that you would have incurred during the year. And then the final was the 4.2 million dollars increase in your overall fund balance.

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DTSD Webinars: Those things up there overall come to be about 23.9 million dollars, and really accounts for your overall variance year over year. So trusted. Well.

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DTSD Webinars: you borrowed money, and you had a strong year in the general fund.

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DTSD Webinars: Here's the breakdown of everything as to what the Board has decided to date as to how they're going to use their money. So I just I broke down the last slide in a little bit more detail. And what you can see there is obviously you can see the permanent fund, the trust, the capital projects, which is a combination of capital, reserve, and capital projects.

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DTSD Webinars: and then you get over to the general fund and the commitments there that you have are for health benefits to hedge for some many kind of self insurance, retirement stabilization, and then you have a 10.6 million dollars number for for capital planning. So between the funds that are, you know, legally set aside and designated under the capital projects.

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DTSD Webinars: plus the 10.6 in capital planning. But I know you guys have some significant expenditures, you know, coming down coming down the pike.

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DTSD Webinars: but wanted to get get it. Give you a view of that, and you know, understand where you were as of the end of the year. Last year

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DTSD Webinars: a quick snapshot of your of your long term debt as I shared earlier, you borrowed 15 million dollars, 14,000,995. There's a premium on those bonds. So you that went up your debt went up for that, and then you turned around. You paid down 3.5 in other bond issues

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DTSD Webinars: for the year. But total long term obligations, including, you know, any kind of subscription liabilities and leases total debt at the end of the year of 30 30,000,009, 31

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DTSD Webinars: of commitments.

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DTSD Webinars: So I'll just point out a couple things as I kind of rolled through the bank statements, or I'm sorry, through your through your financial statements here, and was looking down over things in terms of points of interest in my mind. The note 2 on page 41 has the deposit and investment disclosures. You know your money's with Fnb and Psd, Laf.

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DTSD Webinars: so that's that's what you're going to see there. There's a note on the beneficial interest in the in the in the trust.

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DTSD Webinars: Page 43, where you're going to see you had those 7.8 million dollars of gains combined with the money that's transferred to the general fund on an annual basis.

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DTSD Webinars: You know, there's a capital asset note, long term debt, where we just kind of go over the things that we just talked about in terms of the money that was borrowed and repaid.

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DTSD Webinars: And then you know your defined benefit pension plan. Your participation in piecers, you know, has a 91 million dollars liability associated with it. But again, I point out to the people that I talk to about these things is that you know that's that's your. That's the district's allocated portion. What's not included in that number is the money that the Commonwealth kicks in, which is about half every year.

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DTSD Webinars: and there's not really anything that the district can do about it, because they pay in the amount that they're told to pay in through the through the invoicing. So you're not allowed to prepay it, you know. That's just your allocated portion, and you're doing everything you can do for that liability.

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DTSD Webinars: Final note I would point out here is on page 85 and 86 is your schedule of Federal awards.

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DTSD Webinars: That and that details out the the the.

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DTSD Webinars: the the various awards that you get, whether it be through the esser, the title one, the idea school lunch programs. So

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DTSD Webinars: so

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DTSD Webinars: last comment is that we have a there's, there's 2 letters that you have. One is a management letter talks about, you know. Hey? Here's a couple. Here's a recommendation on getting inter funds settled up, and then also some forward-looking comments on upcoming accounting standards.

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DTSD Webinars: And then the second letter talks about it's called a required communication. I've quite honestly covered almost all the points in this presentation here today. That and and then just some additional things that we would add in here, you know, from A from A all in, we have historically taken an all in approach. On these audits.

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DTSD Webinars: you know, in theory there could be immaterial adjustments that we do not recommend making. Your management team has always said, No, let's get it right. We want to have that be the final. We don't want to have any carryover accruals or anything into the following year, because some of the things might have been immaterial. They want to make all the entries, so there aren't any uncorrected misstatements.

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DTSD Webinars: We do have a disclosure in there on some of the adjustments that were made to the original trial balances showing where we started and where we ended up. Find that somewhat interesting. And then, you know, getting down to, hey? How did how did the audit go overall? I mean, I know that it was a lift, having having new staff.

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DTSD Webinars: and but we worked very well with Carol and Melinda, and I felt like they were giving us their their best efforts and did a great job.

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DTSD Webinars: You know there weren't any significant issues discussed with management, and you know no significant difficulties encountered during the during the course of the audit. So I wanted to thank both of you for your for your time and effort, and the work that you put into it.

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DTSD Webinars: Thank you.

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DTSD Webinars: Are there? I'll entertain any kind of questions that anybody may have at this point.

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DTSD Webinars: No, I just want to say thank you, Matt and Boy and Ritter, and thank you to Ms. Pitts and Mrs. Bell. I know that both of you were new to the department, either close to the end of the fiscal year or afterwards. And you've just done a really tremendous job in bringing things

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DTSD Webinars: current and getting, you know, to where we are. So while there is still the significant deficiency for the timeliness of completing the audit, we've made great strides in a very short time over the prior year, and appreciate the efforts that that you've done. I also just wanted to mention, for

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DTSD Webinars: for the purpose of the record that Mr. Rizzo, as board treasurer, and I, as Board President, did join with the Administration for a review with Boyer and Ritter. Prior to this meeting, so we had already been kind of briefed on things.

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DTSD Webinars: But, thank you, Matt.

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DTSD Webinars: Well.

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Stacy Winslow: Stacey Winslow. I just wanted to thank Matt and James for all of their help. Also.

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Stacy Winslow: It was a really heavy lift, and

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Stacy Winslow: carol and and Mindy did a phenomenal job, and also James and and his team and and Matt were were huge helps as well. It's it's nice to be much closer to being back on track, and

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Stacy Winslow: next year we already have a plan for for not repeating the things that happened last year. So.

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Stacy Winslow: thanks thanks to everyone.

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DTSD Webinars: This is Stuart Mccarver, for next year will there be delays in closing the accounts, or will they be on time?

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DTSD Webinars: Don't anticipate any, so we are hoping that they'll come out for their initial field work, probably in July, and we would like to have them come out then, for the major part of the audit

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DTSD Webinars: hopefully be by the end of September, I think we'll be ready.

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DTSD Webinars: And so I think, just out of

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DTSD Webinars: putting it in context, I believe we actually started the process sometime in September. Am I correct this year?

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DTSD Webinars: Yes. So since I was like interim when I was very 1st coming in. Yeah, I think they came in for that initial field work in September, and then we did try to get them to come in November. I worked really hard, but I was not comfortable with where we were sitting at that time to have them come. So we did push that off for that big week of field work until the 1st week in December. But I I'm I feel pretty confident. That we'll be

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DTSD Webinars: easily 2 months earlier than that this year. So in talking with Mr. Wilson, really, we should be ending our process in November early December.

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DTSD Webinars: getting ready to have that final audit into into the January timeframe, like right right before that happens, or right after the beginning of the year. We this year was much better. Right? So we're we're in February, and we have the audit last year we got it right before we approved a budget. So

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DTSD Webinars: yeah, so we're great strides. But I think the work that they did in the diligence that was put into it has set us up in process so that we're going to meet that timeframe this year. So we're we're back on track. I feel comfortable back on track.

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DTSD Webinars: Yeah,

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DTSD Webinars: this is Lindsay Drew. I would just also want to add on to like from the timeline perspective when you look at it is if they're supposed to be coming in in July. Mrs. Pitts didn't even start as our interim until August, so to have the the auditors come in, and prior to fiscal year 23, we were always

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DTSD Webinars: approving and closing the audit in a timely manner. It was just the fiscal year 23 was the 1st time that it became significantly delayed, and obviously changes were made in the in the business office. So we're on the right track.

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DTSD Webinars: This is Jennifer Renz. I'd like to echo Dr. Winslow and Ms. Drew's sentiments towards Mrs. Pitts and Mrs. Bell.

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DTSD Webinars: This is my second audit that I sat through as a board member, and I can see we're in a much better space, and I know how hard the business office, and everyone works. So thank you so much. Well done.

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DTSD Webinars: Okay, is there any other discussion?

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DTSD Webinars: Thank you very much.

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DTSD Webinars: Thank you for your time. Appreciate it.

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DTSD Webinars: Mrs. I think that we just need to do a motion to recommend to the full board approval of the audit for this evening.

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DTSD Webinars: Yes, so could I get a motion to recommend the approval of the audit to the full board this evening. So move.

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DTSD Webinars: go for it so moved Jennifer Renz. Second Lindsay Drew, is there any discussion all in favor? Aye, post.

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DTSD Webinars: ayes, carry. So motion carries. Thank you very much. Thank you.

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DTSD Webinars: Okay. On the the next item on the agenda is contracts and as as I will still be deferring to Dr. Winslow, since her office is still

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DTSD Webinars: processing those, and I know she's online. If anybody has any questions about what's in there any discussion

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DTSD Webinars: on contracts? Nope, no discussion, Miss Pitts.

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DTSD Webinars: Okay, with that, said, I believe that is, all of the items we have for this evening. We do have open for public comment. Is there anyone in the audience online?

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DTSD Webinars: There's nobody in the audience here. If there's anybody online that has any public comments, please do so at this time.

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DTSD Webinars: Just

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DTSD Webinars: not at this time. No, okay. So with that we'll go to Item 7 adjournment. Can I get a motion to adjourn? So move Jennifer Renz seconds any discussion all in favor? Aye.

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DTSD Webinars: meeting ends at 5, 37 pm. Thank you.