this is on how we reimburse students who qualified to participate at the national level.

We still cover entry fees. We feel like if someone qualifies for nationals, they should get it paid for. They shouldn't have to pay for the chance to participate. As well as our adviserss or leaders, they should be able to go as well.

my thought is moving forward or the proposal I have is just to reduce that down next year to a $200 per student can be applied to lodging and or the travel that they want to help them continue that experience.

my worry is all always that there is going to be a student who is unable to attend for financial reasons and so I find myself kind of wondering you know for a lot of students that 200 I mean it's great but maybe not necessary and so I'm just wondering is there any precedent for doing like a need-based type of application

what's rattling around my brain is that uh this not isn't even necessarily a socioeconomic thing, but that not every student is in a position to fund raise. So, as if if we can maybe explore how not to make the fundraising student specific and more group like the group fundraises and then and helps everybody out as best as they can.

create the first of its kind perpetual endowment fund that will sometime in the future fund operations for the school district off the interest.

Under uh 118.04, something more in the mid-3s to 4% is probably what we expect. So, it's still still good. It's safe. Um but u uh and that's what we that's what we get on the funds that we have in cash for the district and that we see intern oversee internally for investments every every year actually every month.

if you do do give us a give us stock, vehicles, real estate or other assets, we will look then to immediately turn those into u you know liquid cash that can then be invested and managed.

these funds would be uh used primarily to sustain programs of significance in the future things that most other district districts might not have more or less outside the core

if you do quick math, like um you you'd have to have the like an $8 million fund earn 3% to make $250,000 or like a $6 million fund earn 4%. So, the fund's going to it it it also forces the fund to grow for enough time until it's substantial before folks could start to tap into it.

If you take the combination of bid one and bid two, we are about a million dollars under our allocation uh of the of the bonds that were allocated for construction for that project, which is a good thing.

we've also uh looked for other ways to include items on the list in some way if possible.

We issued the 2026A bonds. We had a really good appetite for it. So, we picked up 2.41 million in premium. So that's still sitting there and we're investing the funds and so far we've got another 1.85 million locked in.

I'm just curious about the the scenic second driveway and the city's request on that. Like how how wide did we originally plan for that to be and what's the rationale behind the city pushing it to 20 ft?

We we we deliberately we wanted to do MMW first because it's the smaller of the two, you know, and just get everybody even a little bit hungry on the bigger of the two.

OPED is other post employee benefits fund. It's something that Minnetonka took advantage of when there was a legislative window to do so. It's not currently available for school districts, but on an annual basis, we like to give an update to the board on how that fund is managing future obligations for retirees

Thing about revocable it allows flexibility to utilize the funds uh for other uses at the discretion of the trustees which is a school board uh if the funds produce more assets over the liability over time.

we pulled $7 million out and then it turned out we need another 2.8 million but we pull out 2 or 9.85 85 million total to fund a chunk of the Vantage Momentum building which was the first brand new building in the district uh to be constructed since 1967

weren't there weren't other districts that took advantage of the revocable trust versus irrevocable? That's Yeah, that was very thoughtful of you.

if that happens and we're on that, all of our retirees would go on that also. So that may result in this particular benefit being different. The thing is is we're still going to be paying premiums for, you know, and and retirees have to pay premiums in, but the people who have um who are still on the plan from initial inception uh and are still alive, uh we would continue to be paying them. So, we would still pull money out of our OPED fund. It's just instead of putting money for their premiums in our self-insurance trust fund, we'd be sending it to the state fund.