Okay, we are live. All right, it's 7:00. I now call this board to order. Please rise for the pledge of allegiance. I aliance to the flag of the United States of America and to the republic for which it stands. One nation under God, indivisible, with liberty and justice for all. >> Okay. And I will take role. So, we have board member Welch, Ravenhorst, and Cook absent tonight, and the rest of us are here. Is there any new business to bring before the board? Hearing none, I would seek a motion for approval of the agenda. >> Second. I have a motion by Mr. Lman and a second by Miss Kefir. All those in favor signify by saying I. >> I. >> I. Same sign. Motion carries. 4. Next item on the agenda is consent agenda items 6 A through D. Is there any item any board member would like removed and discussed separately? >> Okay. Hearing none, I would seek a motion. >> I have a motion by Mr. G and a second by Mr. Lman. All those in favor signify by saying I. I. >> I. Same sign. Motion carries. 4 Z. Next item on the agenda is the resolution to consider and approve the donations which we have quite a bit. Most of them were for the BPA leadership conference from some businesses from around town and some people individually and then Bonner and BCI academic and enrichment activities. Do you have anything to add Miss? just that we really appreciate all of the donations that uh come from our community businesses and organizations. They allow us to provide um a multitude of opportunities for our students and very appreciative. Yes, it's always nice to see when they come in supporting events and extra activities. So, I would seek a motion. >> So, move. >> Okay. I have a motion for Mr. Lman and a second from Miss Kefir. This is a resolution. Mr. Gist. >> Hi, >> Miss Kefir. >> Hi, >> Mr. Lman. >> Hi. >> And I for myself. Resolution carries 4 with three absent. >> Give me one second, please, everyone. Okay. All right. Next item on the agenda is item eight. we don't have anything for high student achievement or nine safe welcoming learning environment. So we'll go down to 10 aim three effective and efficient operations and Mr. Sharter is here for a to present the proposed budget for fiscal year 27. >> All right, good evening. Um, as Chair O'Neal said, we're going to go through the preliminary budget for 2627. Um, if you remember, I don't know if the March meeting or the April meeting, but we brought forward an initial budget projection for 2627. Then ultimately that led to creating or you approving a number to to make reductions on. So what I've done is I've taken that number now, gone back, put that stuff in, and now coming to you with a a final preliminary budget at this point for 26 27. So we'll go through this um hit hit on each one of the funds. If you have any questions along the way, feel free to ask. Um and then once we're done with that, we'll also look at a fund balance projection five-year type of situation that I showed a little bit last time. that also takes into account not only the reductions potentially this year, but then also um touches base on the levy information that I presented to you as well and and kind of takes that into account to allow you to see some of that. So um the very first thing on the top uh we'll deal with the general fund. So, our un unassigned fund balance and all these numbers on the July 1st, 2026 side are our um estimated projections at this time. Um they're not our final audited numbers or anything like that, which will come later on in the fall, but this is our starting point at this at this time. Um revenues just over uh 24 million um expenditures of 24,661,000. We do also have um transfers. Essentially that column here takes into accounts using some dollars out of these restricted accounts to offset um our expenditures within our unassigned account. So at this point we're looking at ending with a projected balance of 2,530,720 which is a 9.21% fund balance a decrease right now of just over 107,000 for the year. Um questions on that at all? Okay. On the restricted pieces, um some of the ones here that we can point out, um operating capital is always a big one. Um initial starting point there are 513,000. We generate about 542,000 in revenue and our expenditures right now that we have approved are 621,000 for the year. So, we are going to see a decrease in our um operating capital account down to about 434,000 as a balance. So, um a decrease there of 78,000 for the year. Um typically I try to keep in the ballpark of about a half a million in there for a number of any unforeseen things that may happen throughout the year and also if we have any types of big projects that we may be looking at that need some some funding pieces. So, we've dipped a little bit below that. Um, but nothing that's uh concerning at this point. >> The operating capital, that's our solar panel project, the baseball diamond, softball diamond project. >> Those are the two biggest pieces that that makes up about over a third of the total 600,000 right there. Um, and then let's see. I got to think what else we got coming out. We have a a relatively large amount coming out for uniform purchases because football is up this year. So, that always jumps that one up quite a bit. Um, let's see what else we >> some equipment that we're buying. >> Yep. Um, technology also has 110,000 in there. That's on that's pretty much on an annual basis every year. Um, so that's that's another big one there. Um, that's those are those are the bigger pieces this year. We had a lot less as far as smaller indiv individual type requests for for certain things this year. Um but yeah, so some another year this year too, this this 25 26 year we also had quite a few larger bigger ticket items that we took care of as well. So, um, hopefully going forward we'll we'll have a little bit less of those things and be able to address some of the smaller things as well as as get that balance to to maintain where we want. >> Kan and Josh have a schedule that they follow for equipment replacement and those kinds of things. So, uniform replacements on a schedule as well. >> Yep. So, that's on a rotational basis um every four or five years I think it is that we go through that. So we do have some situations where that becomes less just because of the the sports that are up either have lower numbers than what you would see in in in football or something like that or their uniforms are just a lot less ex expensive. So um that's how that all comes into play. But we have that we have that all laid out so that I I typically know and can plan ahead of time as to when that's going to hit. So, um let's see. Basic skills is another one I want to talk about a little bit there. Um the revenue on that is 474,650. Um expenditures right now of 231,000 and we are looking to access about 400,000 more of that to help reneign. So, the basic skills was a piece that was a pretty hot topic in in the leg legislative session with um the whole move to direct certification type stuff. They did a hold harmless in the previous year. Um they proposed that again this year. Um they're calling it a hold harmless when the report came out, but our uh revenue dropped to 100,000. So, I'm not sure how that equates to hold harmless. Um but in their eyes, apparently it did. So, um, most districts lost a little bit within that compensatory area. Um, they have they have said that they're going to form a committee again to look at that and figure out what the best way is to address that, but going forward, I don't anticipate that number moving back to where it used to be, but we were up over a half a million dollars there uh on a continual basis. But um so that change um let's see we go down to >> LTF >> LTFM that's would be the next one. So right now we're projecting that to have a deficit balance. Um our revenue is about 420,000 and right now I have about 350,000 in expenditures there. Um leaving us with a deficit balance of about 360,000 in LTFM. So, our goal there is over the course of a couple years here is to take care of that deficit. So, we will take our revenue, we'll back a number off. Um, and then whatever is remaining, there's the stuff that we're going to be able to take care of or do or address. Um, there are certain things within there that have to happen every year regardless. A lot of our inspections, um, those types of things happen every year. Um but right now the the bigger ticket items in there that are happening now would be dealing with the um walking path from the south parking lot through the baseball softball complex um to where it kind of wise there again by the soccer field. So just up to that point. Um that's one thing that's being done. also looking at painting the uh buildings over on Schaefer Field where all the the steel siding has that all peeling off. Um so we're going to take care of that um this summer as well. Those are the two big ticket items um that are coming out of LTFM um for this summer. So um then we have medical assistance. So that one I have 80,000 in revenue in there. Um, but this is an area that, um, we've had some significant growth in over the years. Most of that's just having somebody at Zet who knows how to deal with third party billing and all that type of stuff. So, and also um, staff here um, that are able to generate that doing what they need to do to be able to get that stuff turned in. So, we're generating a significant amount of money in our MA dollars, which has been great. Um, unfortunately, we are slightly restricted in how we're able to use those dollars, can't just freely use them. So, we have to get a little bit creative on how we how we massage that area, but that's certainly going to be something that's really going to help um reduce some of our expenditures that are unassigned long term. So, um that's really it under the restricted pieces. As we go down, then we've got assigned funds. So, we're using 175,000 of the assigned curriculum that we have set aside. Um, and then we have the levy shortfall, another 100,000 coming out of there. Um, and then we have the OPED loan repayment, too. So, um, which I believe only has two years left on it. Or actually, no, this will be it. >> Yeah. So, 27 will be it finally. I feel like I've been talking about that a long time. Many years anyway. So, that'll be good to have that piece done. um and out of there. So, that's kind of the the general fund at this point. You know, it shows a deficit of 766,000, but a lot of that's coming from the the restricted accounts um and some of our intentional spending in those areas. Questions on fund one? >> This is your number that you're going to be focusing on the 9.21. >> Yep. >> And being able to maintain that through your alignments that you approved in April. I am going to mention on the uh medical assistance uh the MA building uh we are generating about 10 times what uh other schools our size are generating in that uh regard and I'm going to credit Courtney Gaye and Trisha Bredesen for the work that they do to ensure that we are building the right things that our staff are trained in the ways that they need to be to build for the time that they spend with students with special needs. and then the staff themselves who have to track the work they're doing to get uh to submit for the billing to be approved. So, uh we're doing very very well in that regard. And as Dan said, um there are restrictions on how it can be spent, but it does ease pressure on our general fund because we're able to generate some dollars in this in this fund. So, um it helps every little bit helps, but um really want to credit Courtney and Trisha for the work they do here. What can the medical assistance fund be used for? >> So any type of equipment needs as far as special ed goes. Um those types of things. So we do have some situations where we run into having students where we have to have some pretty expensive equipment from time to time. So it can be used up for that. It can be if we were a district that had our own uh transportation, you could you could purchase type three vehicles out of there for special ed transportation. those things you can put some staffing into there. Um, so typically what I do is at year end I I look at the problem is with MA and special ed revenue you got to be careful because of maintenance of effort which is basically saying you've got to spend as much if not more um on special ed than you did from the previous year and that has to continue to be that way. Now, we can talk all day long on whether or not that makes any sense to anybody, but we won't go there right now. Um, so that comes into play of me trying to manage that situation so that we don't have a maintenance of effort issue. Um, which ultimately ends up having the state and the and the feds come down and start digging into our stuff, which we don't want to do. So, um, navigating between those two pieces is gets a little bit tricky at times, too. So, we try to do as much as we can um in that regard as far as staffing or or benefits or things like that. Like benefits, we don't get reimbured for sp um on those. So, if we can do that, that can help too. But with special education, there's essentially right now three different formulas that determine your revenue. Um and they all include different things. And as I start moving those around, then it changes which one we actually qualify for. So, it gets to be a little tricky, but um those are the main things that we can use those dollars for. Um the thing that I try not to get caught into, and this this also kind of is just like the co funding is, we don't know from year to year what our actual MA revenue is going to be. So, if it's 200,000 this year and all of a sudden we go, "Okay, we're gonna we're going to hire staff and we're going to code them here and the next year it's 50,000, we've got a problem because now we've got to move those staff back out, code them to our unassigned fund and now all of a sudden we have problems there." So, it's just a little bit of a balancing act, but I would rather us have the revenue and and we don't lose it if we don't use it. We can bank it and roll it over from year to year. So, um, but at least having it and having it as an option is huge. So, >> all right. Um, next one would be food service. So, under food service, we have a a beginning balance there of about a million 93,000, about 1.3 million in revenue, um, and 1,230,000 in expenditures. So, a gain there of about $61,000. Um, we've got a very healthy fund balance in there. Um, so that's in a in a really good spot. We also just RFPd the food service. We went out to bid for that. Um, we had told Tatar basically was not in a position to renew our contract even for 2526. So, we said if they stuck with us for one more year, we would RFP it. We did that. Um, at the June 22nd meeting, we'll be be bringing that information forward to you to go ahead and approve um that contract moving forward for 2627 um community ed. So, this is a this has been an area that's always been a little bit problematic, but things are looking a lot better than what they used to. Um, in our general community, Ed, this would be the the area that houses Tiger Time and any of our class offerings, those types of situations. So, we're looking at about a $48,000 um profit there in that area. Uh, ECF about 67,000. And that would give us a balance of 311,000 in that area. Um, school readiness, which has always been one of the more difficult ones to uh stay out of the red on. We started with a balance in the negative about 175,000. We think we have that somewhat turned around so that we can start eating into that deficit that we have in there at this point. And we're looking to end at a negative 153,000. do have the ability to move a little bit of the ECF and the school readiness amongst each others to help offset some of that and that's something that I look at doing um once we get into the audit in the fall. Um but overall community it had looking uh looking much better going forward. Um the next one debt service that's pretty standard. The revenue coming in is is from the property taxes collected of 2.7 million. And then we have our principal and interest on our bond payments of 2,755,000 and the balance remaining in there of 562,000. And then OPED uh the revenue there 150,000 that's interest on the account and the 120,000 that we're paying back um from the capital for the BCI street light project. So that one will actually that 120,000 will go away now after this year and then we have 62,500 budgeted expenditures in that area and again that's showing up as a big negative number because we have to report that the whole liability that we have for our postemployment benefits which is our retirey health insurance type pieces. Um and we just did a new actuarial on that. So, come uh audit time, I'll have a new report that'll show us where our current liability stands with that. So, um but we currently we have enough in OPED to continue to fund that liability that we have going forward. Questions on any of this as a whole? All right, we can pull up the other one and just take a quick look at this. So, what I did here was put together so FY26 where we're projecting to end the new budget um number for 27 and then the next four years beyond that. So, this top part's showing the 450,000 that we just reduced and what that does to our fund balance as we get out. And then you can see the percentages there. Um, and then the next one shows if we were to have a $500,000 levy increase in FY29, how would that impact? So, basically everything here back is going to stay the same. 29 will be impacted and you can see the increases. And then the next one would be the 750 and the next one would be a million dollar levy increase in 29 and how that impacts going forward. Over here typically I don't worry about this actually even 29 is a little bit like there's so much that's going to happen between now and that fiscal year that but I wanted to at least give you guys a visual of just seeing uh what that impact would look like going forward. um as we kind of have to look at at least continuing that discussion and giving you as much information as we can going forward so that we can determine what our plan of action may be. So this is strictlyformational purposes only. This does not mean that you guys are making a decision on any of this stuff. So just want to make sure I'm clear on that for anybody who might think otherwise. Um so that's where we're at right now based off of the current data that we have. And this is assuming no other reductions, right? It's just the 450. >> Correct. This is not taking into account anything else. This is also projecting that our um state formula will be 2% going forward. It could be anywhere between two and 3%. Um at this point in time. So those things um it's you know enrollment is projecting that out. That could fluctuate um up or down too. So there's a lot of moving pieces, but this is the the best we can project at this point in time and what the impact of those changes would do. So questions on that at all? >> I don't I don't any but I appreciate you putting this together and keeping us in the loop on what things might look like for when we do go out for a levy and keep that conversation going. I think that's the main thing is that to not or to try and talk about it. I mean, >> doesn't mean we're doing anything necessarily, but to to just wait until the last >> second and be like, "Oh, here's what you need to do." type of thing. I'd rather just let's just keep talking, have the conversation, and ultimately, I think we know a decision is going to have to be made >> because our levy will expire in 29 regardless. Um, so whether that's a a renewal or something different than that, it's it's still something that has to be effective and people need to be aware. So >> So right now you're at 500,000 is what you're generating in the levy for the district. So that's the second option there where >> um and is that levy increase on top of what we currently have? >> Yes. >> Okay. So that'd be keeping what we currently have and adding 500 to that. Um but you can see what happens to the fund balance. So this is assuming that enrollment is going down because our class sizes are decreasing and um inflation is going higher than what the state is going to be reimbursing us for and no other reductions being made. So there's a combination of other decisions that have to be made that will impact how this works. Um but this is just keeping some things stable or um constant and then those other variables are not accounted for. >> Okay, >> good. >> Thank you. >> Y >> So the next item on the agenda is 10B to consider and approve the proposed budget that Mr. Sharter had presented. Are there any other questions before we vote? >> I would seek a motion. So move. >> I have a motion by Mr. G and a second by Mr. Lman. All those in favor signify by saying I. >> I. >> I. >> Oppos. Same sign. Motion carries. 40. Next item on the agenda is 10 C to consider and adopt a resolution for designating the identified official with authority for the education identity access management as Guy Johnson. U Miss Sers wanted to get this process started as sometimes it takes a little bit of time. So this is the um Mr. Johnson will have the authority then to assign people to the secured reports on the MDE website. Not everybody can get the information on MD. You have to have permission from the superintendent to get to those sites. And so this will transfer that responsibility from me to him. Um I want to do it now because it can take some time for that to get processed by MDE. And then when he gets here in July 1st, he'll have the authority to make those u those assignments. Are there any questions? >> Okay. This is a resolution. So I would seek a motion. >> So moved. >> Second. >> I have a motion by Mr. G and a second by Miss Kefir. Mr. Gist. >> I. >> Miss Kefir. >> Hi. >> Mr. Lman. >> Hi. >> And I for myself. Resolution carries 4 nay and three absent. The next item on the agenda is 10D to consider and adopt the resolution for the Minnesota State High School League membership which we do every June. I don't believe anything has changed, Miss Sers. No, there's no changes. Are there any questions or discussion? No. Okay. It's a resolution, so I would seek a motion. >> Second. >> I have a motion by Mr. Lawman and a second by Miss Kefir. Mr. Gist. >> Hi, >> Miss Kefir. >> Hi, >> Mr. Lman. >> Hi. >> I for myself. Resolution carries 4 Z nay and three absent. And the last item on the agenda is 10E for the open enrollment transportation fee discussion. Mr. G and myself brought this forward that we wanted to discuss. um not necessarily changing what we voted or not necessarily taking out what we voted on but um my personal opinion was maybe doing a family cap. So, um, Miss Sulur has provided this data and if you want to go through it or I had a couple of requests from board members. Um, one was compare the change in rates if we did a $150 and a$150 with a cap and then $2, which is what the board approved, and $2 with a cap. So when I went through it, um the majority of our families have either one rider or two and we have a lot smaller number with three, four or five children riding. So you can see the first column here is the dollar a day rate that was paid. They had one child this year was $171. Two children 342. And you can see the numbers go down. If the board were to change the amount and make it $1.50 a day per rider, that would go to 256.50 513. And you can see the amounts going down. And again, the majority of the riders are one or two per family. And then 3, four, and five is much much less in the number of riders that we have. If we did $1.50 50 and capped it at two riders, then there would be one rider is 250 650, two riders would be 513 and everybody else is 513 because you're capping it at two riders. If the board keeps the $2 a day that was approved in April, it'd be 342 for one rider, 6.84 for two riders, and then you can see the amounts for 3, four, and five go over $1,000. If you cap it at two riders, you'd have 342 for one, 684 for two riders, and then everybody pays 684 after that. So that's the first piece that I was asked to do is just take a look at the rates and compare them based on the number of riders. We don't have anybody that has six riders, okay? From any one family. Okay. Then the next question was, what does the revenue look like if we do these different rates based on current data? So, I'm not projecting next year's data. I'm using this year's ridership to calculate these numbers. So, that's apples to apples. Okay. Um, this year we generated $25,38. And then you can see where the bulk of the income is coming from. And that's with one or two riders per family. The rest of them are like the four, that's just one family with four. and then five. That's one family with five. Um when you go to $1.50, you can see the amounts that are going to be generated. The total is almost 38,000 and the increase is almost 13,000 over this year. And I'll talk about what we projected in our budget uh alignments that you made in April. If we cap it at two riders at $1.50 a day, we get just under $35,000, which is just over $9,000 increase over this year. If we do $2 a day, you can see the amounts there. The majority of it's generated with one rider or two. The total is just over 50,000 and it actually doubles because it's going from $1 to $2 for every rider. So, you get another $25,38 in revenue if you cap it two riders. First, the one rider, two riders stays the same, and then everybody else is capped. You're going to generate just over $46,000, which is an increase of just over well, just under 21,000. So, the projections for the revenue are based on this year's data and the families who had one rider, two, three, or four or five. In your expenditure alignments that you approved in April 2026, the projected revenue increase in open enrollment transportation was about 20,000. So, that was the target that we were going for is an increase of $20,000 in open enrollment transportation fees. That might guide you in this column or this row right here. So, our target was 20,000. You viably could make a decision to change it where you are collecting $2 a day for one or two riders and capping it beyond that. if you capped it. So, nobody pays more than two riders. So, if you have two riders, you pay that amount. If you have three, four, or five riders, you still pay what anybody with two riders would pay. And that's what would be considered the family cap. So, it is totally up to you. Uh two riders is 684. Um generally, districts will decide how many riders would be where they would draw the line. So if you have this many you pay up to that and then any more than that you don't pay any extra fees. Um the majority of our riders have one or two in a family very it's a lot smaller number that have three four or five. So you are probably not going to impact a lot of families with three, four or five riders but financially it is a pretty big savings for them in the way when you look at what was approved. This is the column that was approved and if you capped it this is the column that you'd be looking at. and we'd still get at the 20,000 >> not having the cap discourage other families coming to the district. >> It could. >> It could. >> Y >> and that, you know, we didn't gauge, you know, if this is going to have an impact on that. Um, but you would be able to achieve your revenue goal within reason, right? Right? I mean, there might be some changes in enrollment and things happen all the time with uh people coming into the district or leaving the district, even within the district boundaries, but it would potentially achieve your revenue goal of what you were looking for. This one was achieving it um by in excess of $5,000. You also could take a look at these options, too, if you wanted to. um it's just going to put a squeeze on where you end up next spring then when you have to take it look at your alignments for the following year because you won't get if you're not having that revenue come in you're going to experience a shortfall for wherever Dan's budget that he had you approved tonight. So one thought just to minimize the the I guess thinking of cash flow for what's the the appetite for doing it on a semester basis rather than upfront annually. >> So they don't you can make uh annual an upfront annual payment. You can make semester payments or you can pay quarterly. >> You can spread it. I didn't I can remember if we had that >> um I should have maybe asked this prior. Maybe you don't know the data but and maybe you said it and I missed it. How many um approximately open enrolled do we have? Riding 85. Okay, 85 separate riders. So of the 85 separate riders, if we divide that by two, let's say most of that's 40 families. >> So there are 75 riders in this group, one and two. And there are 10 riders here total. Okay. So, um I was I'm just thinking in my head like I'm just thinking of the families that are affected, the amount that we heard from. >> Mhm. >> Um and >> I'm sorry. It's um 75 families. Now, I have to think about this. >> I apologize. I should have asked maybe for the data sooner, but I was just trying to think of like the number of families that were affected that received the email and then the number of families that we heard from >> and the um suggestions that were proposed and the one that made the most sense to me personally was doing a cap because that's what some of our surrounding districts do. >> Ask what are the surrounding districts doing? >> It's all over the map. >> Some cap and some don't. Some >> some cap, some don't. Some don't charge. Um, some charge one fee for everybody. They just take what they are trying to give to and everybody pays the same fee no matter how many riders you have. >> So, it's really hard to do a comparison of what some do and what others do. >> So, I'm guessing probably Grand Meadow, Spring Valley, they don't probably charge. >> No, it's the more comparable districts to us size-wise like Byron and Cassen. >> Yeah. that we >> the smaller districts probably don't have a fee just because they're trying to draw in more kids than they lose. Most of those districts are losing more kids than they bring in through open enrollment. So, it's um we would have to if we want to change what we already voted on, we would have to have somebody make a motion >> and then the four of us would have to vote. The preference is that you make a decision tonight so that we can inform families of the change this week. And if somebody wants to make a motion, if you could speak slowly so I could write it down. >> Well, I'm just I know I'm still dis discussion wise here for $5,000. Some goodwill. >> Oh, doing the cap. >> Yeah, >> completely agree with you wholeheartedly. Yeah, I'm I'm >> and I don't think we intended to overshoot by $5,300 when we originally went to the $2 a day. >> No. >> Yeah, I'm open to it a cap. >> You are. Okay. So, would somebody would you like to make a motion that >> I'm okay with the cap? Uh, I would make a motion that we cap the transportation for open enrollment to uh the at two riders for family. Motion by Troy Guys to cap open enrollment fee at two riders for more at $2. You can put the amount in there if you want to. It's 684. That's the most any one family would pay is 684. So you're either going to pay 342. you have one student or you're going to be 684 no matter how many kids you have. >> I guess I'm going to ask a question. Is that I mean I read some of the emails that were sent to us. Is that going to be what these families are looking for? Majority of the U ones that I received were requesting a cap. >> Well, I feel like this doesn't discourage people from coming to the district. It doesn't become a barrier to entry either or it helps it not be a barrier to entry. Can I Can I read this back? Okay. Motion by Troy Guys to cap open enrollment fee at two riders or more of $342 for one student or $684 for two or more students. >> Perfect. >> Perfect. >> And then I And then I would need a second for this to be voted on. Second. Okay. Okay. I have received a motion by Troy G to cap open enrollment fee at two riders. I'll just put sorry open enrollment fee of 3.42 for one student or 6.84 for two or more students per family. And I have a second by Miss Kefir. >> Can you put in for the 20 26 2027 school year? >> So it's time bound. That way we can revisit it. >> That way we can revisit it next year. >> And you could change it if you move it depending on our financial or whatever situation. >> Okay. I have a motion and a second for capping the open enrollment fee. All those in favor signify by saying I. I. >> I. Same sign. Motion carries. 4 Z. Thank you everyone for the discussion. Next item on the agenda is adjournment. I would seek a motion. >> Sorry. Okay. >> And I have a motion by Mr. G, a second by Mr. Lman. All those in favor signify by saying I. >> I. >> I. >> Post sign. Motion carries. Meeting is adjourned at 7:40. Thank you everyone. >> Thank you Leon for being our guest tonight.