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From YouTube: Beaufort County Board of Education Work Session 9AM
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A
March
25th,
at
the
district
center
we,
this
is
being
conducted,
hybrid
video
conferencing.
It's
also
live
streamed
on
the
county,
channel
requests
for
public
comment,
participation
will
be
accepted
between
8
am
and
8
30
am
by
sending
an
email
with
your
name
phone
number
and
topic
to
robin
cushionberry
at
beaufort.k12.sc.us.
A
A
A
B
Thank
you,
mr
stribinger.
I
move
that
we
approve
today's
work
session
agenda.
C
E
Good
morning,
so
we
have
a
fun
day
of
financial
topics
today,
in
addition
to
a
little
bit
of
facilities
and
communications
among
those,
so
you'll
be
happy
to
know,
I
will
not
be
presenting
on
all
five
of
those
financial
topics.
I
have
an
army
of
folks
that
are
with
us.
I
have
guests
that
are
here
and
some
arriving
and
some
staff
members
who
will
be
presenting
as
well,
so
I
won't
be
doing
all
the
talking
but
I'll,
be
close
by
to
assist
if
needed.
E
So
the
first
topic
we
have
this
morning
is
oe6
point
nine
through
six
point:
seventeen
the
reason
we
split
these
up
this
year,
oe
six
is
made
up
of
about
half
financial
administration
and
half
debt
administration.
E
So
I
I
felt
that
it
was
appropriate
to
just
split
them
in
half
we'll
do
the
financial
administration
during
audit
time
and
this
one
during
the
the
standard
spring
conversation
that
we
have
with
the
board.
So
I
provided
an
executive
summary.
It's
one
pager
just
hit
the
highlights
of
the
presentation
and
a
few
extra
things
that
may
not
have
been
included
in
the
presentation
or
one
in
particular,
and
so
first
of
all,
we're
going
to
celebrate
our
successes
today.
E
So
we're
going
to
start
off
the
day
with
on
a
good
note
and
brian
nurik
is
here
with
compass,
municipal
advisors
and
we'll
be
talking
about
those.
Secondly,
we
will
be
talking
about
some
upcoming
bond
issues.
I
want
to
make
a
note
that
we
will
not
be
voting
on
any
bond
issues
today.
Those
will
be
in
future
meetings,
so
this
is
just
an
introduction
of
what
upcoming
bond
issues,
referendum,
eight
percent,
and
so
on
that
we
will
be
having
in
the
in
the
next
few
months.
E
We
will
be
talking
about
the
rollover
of
unused
funds,
capital
funds
that
we
have
mentioning
our
our
10
percent
insured
value,
which
we
are
in
compliance
with
we're
at
projected
to
be
at
a
111
million
dollars
of
8
debt
capacity,
and
our
our
floor
is
92
million,
so
we're
in
compliance
there
and
our
basically
the
only
item
that
we
will
be
asking
for
today.
E
After
the
presentation
is
a
is
a
motion
to
accept
the
oe,
so
so
I
just
want
to
kind
of
give
some
direction
this
morning
and
and
give
you
a
preview
of
what
will
to
come,
but
brian,
eric
and
then
franny
heiser
is
here
is
available
as
well
with
bur
foreman,
along
with
a
number
of
my
staff
members,
so
to
learn
more
about
the
information
we
are
that
will
be
presented
today.
So
with
that
I'll
turn
it
over
to
brian.
F
Before
I
get
started,
I
always
say
this:
this
is
my
favorite
subject,
so
I
usually
get
a
little
long-winded
and
the
the
starbucks
espresso
machine
was
broken
and
they
only
had
that
pike.
So
I'm
a
little
jittery
right
now
after
drinking
a
little
bit
of
that
coffee.
F
Mr
chairman,
members
of
the
board,
dr
rodriguez,
thank
you
for
having
me
here
today
for
annual
debt
day.
As
we
call
it.
I
have
a
good
presentation
to
go
over
some
macro,
some
micro,
a
lot
of
celebration
since
last
time.
F
I've
been
here
when
we
discussed
a
lot
of
refunding
opportunities
and
in
preparing
yesterday,
for
today
we
all
decided
we
should
start
with
the
last
page,
not
the
first
page,
so
you
all
have
the
the
handout
that
was
sent
out
to
you
all
last
week
and
so
we're
gonna
start
with
the
final
page
and
the
bottom
right
hand
corner
it's
page
15.,
and
so
it's
titled
funding,
program,
core
goals
and
objectives.
F
So
every
year
you
may
adjust
those
numbers
depending
on
excess
funds
as
part
of
your
oe
or
there
may
be
some
other
capital
items
that
come
up
that
you
might
need
to
fund,
but
that's
a
process
that
you
go
through
every
year.
But
for
my
purposes
when
I'm
managing
the
expectations
going
forward,
I
use
a
static
number.
I
use
25
million
dollars,
but
it's
a
we
adjust
it
just
so,
but
on
a
pro
forma
basis
we
have
to
have
a
starting
point.
F
The
second
is
the
funding
of
large
projects,
which
is
what
we
call
your
referendum
program
and
so
large
projects
through
referendum
bonds
as
appropriate
and
when
needed
so
you've
passed
a
referendum.
We're
going
to
talk
tonight
today,
a
little
bit
about
the
final
installment
or
final
issuance
of
that,
and
I
know
there's
this
a
discussion
of
a
potential
second
referendum.
So
that's
incorporated
within
our
program
as
well.
F
Third
is
the
structured
debt
service,
millage
rate,
and
so
I'm
going
to
read
this
one
verbatim
so
apply
forward
forecasting
and
periodic
adjustments
of
the
appropriate
balance
between
the
debt
service,
millage
rate,
a
refresh
of
ongoing
needs
and
maintaining
appropriate
debt
limit
availability,
and
that
has
the
whole
idea
of
the
balance
of
those
factors
has
come
over
many
years
of
discussion
of.
Do
we
have
the
right
mill
rate?
F
So
we
want
to
be
able
to
forward
forecast
appropriately
a
debt
service,
millage
rate
and
hold
that
millage
rate
and
fund
all
the
needs
that
you've
identified
through
that
millage
rate
and
from
time
to
time
that
millage
rate
has
to
adjust,
and
that
typically
occurs
through
the
referendum
process.
So
you
go
for
a
referendum
and
you
tell
the
public
what
you
believe
that
number
will
be
okay
and
then
last
is
managing
credit
ratings,
so
maintain
the
eight
percent
program
and
referendum
programs,
while
preserving
the
highest
potential
bond
ratings
from
moody's.
F
Investor
service
and
standard
poor's
maintain
an
appropriate
fund
balance
to
support
the
double
a1
and
double
a
flat
current
ratings.
So
I
have
a
chart:
a
pyramid
off
to
the
to
the
right
that
shows
moody's,
investor
service
on
the
left
and
standard
and
poor's
on
the
right,
and
you
can
see
the
school
district
has
a
double
a1
rating
from
moody's,
moody's
and
has
a
double
a
flat
rating
from
standard
and
force,
and
so
right
now,
as
you
know,
the
capital
markets
are
very
much
in
flux.
F
There's
a
lot
of
of
difficulty
right
now
in
some
folks
getting
bond
issues
completed
and
we
we
are
seeing
what
we
call
a
flight
to
quality
and
you
all
are
quality,
so
your
ratings
are
right
up
there
very
close
to
triple
a
and
folks
that
are
in
the
single.
A
category
may
struggle
more
trying
to
issue
their
debt
as
opposed
to
to
beaufort
county
school
district,
which
has
great
credit
ratings,
and
it's
very
high
quality.
F
So
it's
to
say
that
investors
are
very
picky
right
now
and
when
they
become
picky,
you
all
benefit
the
most
okay.
So
that's
sort
of
a
macro
of
the
eight
percent
program,
the
referendum
program,
the
need
to
monitor
your
debt
service
millage
rate
make
sure
that
your
8
percent
capacity
is
where
it
needs
to
be,
and
then
identifying
and
and
really
celebrating
your
all's
credit
ratings.
F
F
In
fact,
I
think
when
we
just
introduced
them
the
resolution
prior
to
asking
for
action.
There
were
board
members
that
said
I'll.
Take
action
tonight
like
let's
move,
so
we
sold
the
bonds
in
late
september
and
we
achieved
a
net
savings
and
at
the
in
yellow
on
the
bottom
right.
You
can
see
our
net
savings
was
one
million
six
hundred
and
thirty
one
thousand
dollars
so
well
above
the
million
dollar
minimum
threshold.
F
Now,
with
an
advanced
for
funding,
those
funds
are
temporarily
placed
in
an
escrow
and
then
when
we
reach
the
call
date
in
2024,
they're
physically
paid
off
okay.
So
it's
what
we
call
illegal
defusants
those
funds
in
that
escrow.
We
couldn't
invest
them.
So
there's
no
investment
earnings
on
them,
because
the
program
that
we
use
with
the
federal
government
was
shut
down
because
of
the
debt
limit
issue,
the
debt
ceiling
issue-
and
I
no
notated
that
in
the
presentation
then
so
we
gross
funded
the
escrow.
F
That's
the
savings,
a
million
six
locked
it
in
and
we
were
going
to
close
in
december
and
as
we
got
into
december,
the
federal
government
acted.
That
ceiling
is
no
longer
an
issue,
the
program
reopened
and
then
all
of
a
sudden,
the
federal
reserves
are
talking
about
increasing
rates,
which
means
the
investment
side
of
things
go
up.
So,
if
you
flip
over
to
page
two,
you
can
see,
I
changed
the
the
the
title
and
added
in
red
escrow
release.
F
So
not
only
did
we
time
the
interest
rate
market
right
in
terms
of
locking
in
the
long
term
rate,
on
the
borrowing
side
I
feel
like
we
did
a
really
good
job
on
the
investment
side
by
not
going
to
the
public
market
and
getting
a
very
low
interest
rate,
but
just
simply
waiting
and
seeing
if
we
could
get
something
better
and
everything
worked
out
very
well
so
needed
to
hit
a
million
overall.
It's
now
everything's
all
closed
one
point:
eight
million
dollars
is
the
net
savings.
F
F
This
is
on
a
tax-exempt
basis,
because
the
call
date
is
march
first,
so
we
had
said
at
the
time
that
we
could
issue
bonds
with
within
90
days
of
that
march,
first
date,
which
we
did,
the
federal
reserve,
hadn't
increased
rates,
and
so
we
went
out
to
the
bank
market
sold
these
bonds
and
received
an
interest
rate
of
0.99
and
the
minimum
savings
was
100
000
and
you
can
see
the
bottom
right
highlighted
in
yellow
we
netted
140
000..
F
So
still
above
that
threshold,
it's
only
a
two
year
bond,
but
you
know
140
000
buys
a
lot
of
computers
and
we're
gonna
we're
gonna,
lock
that
that
that
rate
in
when
we
can
so
that
issue
is,
is
now
closed
as
well.
The
bonds
are
paid
off
on
march
first,
so
we
went
two
for
two
very
excited
that
we
were
able
to
to
pull
this
off.
Took
the
board
took
your
administration
took
us,
took
a
bond
council
to
get
it
all
done.
F
But
from
september
to
you
know
march,
we
have
been
working
through
this
on
an
incremental
basis
to
achieve
these
results,
so
that
sort
of
closes
out
the
the
refundings
from
the
the
august
end
of
august
meeting
that
that
we
first
introduced
these
to
the
board.
Okay,
any
questions
on
the
refinancings.
F
Okay,
so
next
we're
going
to
move
into
kind
of
the
the
micro,
the
nitty-gritty
of
the
building
program
and
so
on
page
four.
The
title
is
estimated
debt
issuance
schedule
for
the
22
calendar
year.
So
we
have
a
number
of
bond
issues
scheduled
for
this
year
and
we
notated
the
board
approval
month,
we
notated
the
issuance
month
and
then
the
the
series,
the
type
of
issuance
and
then
purpose.
So
the
first
two
have
already
been
approved.
F
The
the
first
one
is
the
small
refinancing.
I
just
spoke
about
the
140
000
savings
amount.
The
second
is
a
very
small
bond
issue
in
the
spring
to
make
your
installment
purchase
revenue
bond
payment.
That's
due
on
june
1st
being
under
300
000
bond
issuance,
it's
part
of
a
pool,
and
then
we
get
into
the
next
four,
which
in
april
there'll
be
a
discussion
on
the
final
installment
or
final
issuance
of
the
2019
referendum
bonds.
F
Authorization
there'll
be
another
resolution
to
cover
the
december
first
payment
on
your
installment
purchase
revenue
bonds
at
the
june
meeting,
there'll
be
a
discussion
about
the
eight
percent
program
resolution
and
how
much
to
borrow
and
what
the
amortization
will
look
like
and
then,
depending
on
tanya
and
her
cash
flow
projections,
there
could
potentially
be
a
discussion
for
a
tax
anticipation.
Note,
like
you
did
last
year
that
that
one
is
one
that
requires
her
to
do
a
cash
flow
projection
before
we
know
whether
or
not
it's
needed.
Okay.
F
F
Okay,
so
on
page
five,
we
wanted
to
make
sure
that
we
identified-
and
I
think
it's
in
tana's
executive
summary
as
well-
excess
funds
that
are
available
or
accumulate
over
time.
So,
under
the
referendum
program
on
page
five,
through
the
two
issuances
in
2019
and
2020,
you
do
receive
a
bid
premium
and
those
bid
premiums
were
6.8
million
and
18
point
we'll
call
it
18.5
million
for
a
total
of
25.3
million
and
with
the
third
issuance
of
the
referendum.
F
When
we
discuss
that
at
a
future
meeting,
you
know
these
funds
are,
are
there
and
and
they
can
be
discussed
now,
most
of
the
time,
our
clients
use
these
funds
as
a
contingency
until
all
projects
are
closed
out.
But
it's
it's.
You
know
it's
the
board's
prerogative
on
how
those
funds
are
utilized,
but
we
just
want
to
make
sure
for
today's
purposes.
Only
we're
making
everyone
know
making
everyone
aware
that
that
is
the
current
amount
available
and
it'll
be
discussed
in
more
detail.
As
the
resolutions
come
before
the
board.
F
G
I
just
want
to
make
sure
I
understand,
because
you
use
the
word
contingency,
so
these
are
separate
funds
from
our
referendum,
contingency
funds.
These
are
additional
funds.
F
Yeah,
so
when
you
issue,
when
you
issue
debt,
sometimes
an
underwriter
will,
when
they
do
their
public
bid,
competitive
bid,
they'll
include
a
bid
premium
and
it's
it's
a
little
bit
of
nitty-gritty
to
get
into
it's
the
difference
between
the
coupon
rate
and
the
yield
and
they're
just
at
their
their
additional
funds.
When
you
issue
debt,
so
if
you
issued
100
million,
they
may
pay
you
110
million
for
the
for
the
the
purpose
of
having
a
different
coupon
structure.
So
they're
called
net
bid
premiums
and
they
do
accumulate.
F
So
part
of
that
is
a
is
a
legal
question
can
be
used
on
the
referendum.
Projects
can
be
used
on.
Other
projects
can
be
used
to
the
on
a
future
referendum
can
be
used
to
reduce
the
the
amount
you
ask
for
the
public
on
a
future
referendum.
F
So
a
lot
of
times
our
clients
will
keep
these
funds
until
you
get
to
the
end
of
the
projects.
Make
sure
that
there's
no
there's
not
a
single
item,
that's
not
delivered
to
the
public
and
what
they
what
they
believe
that
you
know
they
voted
on
and
then,
if
there
are
extra
funds
left
over,
it
can
be
applied
towards
the
next
referendum
or
it
could
be
applied
towards
any
other
capital
purpose.
You
may
have.
I
I
I
So
I
don't
want
the
operations
committee
to
say.
Oh
goody,
I
can
add
some
things
so
fast
because
we
this
is,
but
this
is
a
good
thing
to
say
in
the
back
of
our
minds.
I
H
Thank
you
for
those
comments,
colonel
guyer
I,
for
one
absolutely
want
to
stay
within
the
projected
budget
for
the
referendum.
However,
in
this
volatile
environment,
where
labor
shortage
supply,
chain
shortages,
everything
and
we
are
working
very,
very
hard
with
our
value
engineering
to
stay
within
budget,
it
is
just
a
nice
thing
to
realize
that
this
could
be
available
if
there
were
any
extreme
circumstances
where
it's
needed.
Thank
you.
F
And
I
hope
I
hope
everyone
can
appreciate.
We
didn't
want
this
information
coming
out
later.
We
wanted
to
put
it
in
front
of
the
board
today,
make
sure
everyone
is
aware
of
it,
so
that
would
six
months
from
now
we're
not
all
of
us
you're,
not
all
of
a
sudden
hearing
that
the
finance
side
of
things
you
know
has
these
big
premium
amounts.
We
just
want
to
introduce
it
today.
We
don't
there's
no
action
item
for
it,
but
it's
to
be
discussed
at
a
later
meeting.
C
F
J
What
I
would
prefer
is,
rather
than
reducing
the
scope
of
the
upcoming
projects
that
we
at
least
know
that
there's
a
possibility
because
reducing
the
scope
is
what's
being
floated,
and
I
don't
want
to
see
our
the
last
projects
that
are
getting
done,
getting
done
to
a
lower
standard
than
the
projects
that
were
done
at
the
beginning
of
the
referendum.
And
if
this
amount
of
money
can
cushion
that,
then
I
think
that
is
a
reasonable
use.
J
F
Okay,
all
right,
so,
let's
move
on
to
page
six,
so
page
six
is
a
discussion
about
the
eight
percent
programs
fund.
So
part
of
your
part
of
your
policy
is
to
identify
and
apply
any
unspent
eight
percent
funds
each
year
towards
the
next
round
of
eight
percent
projects.
F
F
So
as
you
as
we
bring
forward
the
eight
percent
program
resolution
and
you
work
through
the
eight
percent
projects,
these
are
funds
to
be
applied
towards
that
fiscal
year.
Needs
needs
assessment.
Okay,
so
we
just
want
to
make
sure
that
we're
consistent
in
showing
both
you
have
two
programs
on
a
macro
level.
We
want
to
make
sure
we
show
you
exactly
the
current
dollar
figures
available
for
both
programs.
F
That
was
probably
a
little
bit
easier
between
the
two
okay.
Now
that
we're,
through
the
the
the
bid
premium
and
available
funds,
we're
going
to
move
on
to
page
seven.
F
So
page,
seven
is
what
we
call
your
debt
capsule
report,
and
this
is
a
summary
of
your
debt
portfolio
so
under
column
a
we
identify
each
bond
series
from
the
2009
qualified
school
construction
bond
all
the
way
to,
in
gray
the
four
remaining
bond
issues
we've
identified
to
be
issued
this
calendar
year
now
as
part
of
your
policy,
we
are
to
identify
any
refunding
opportunities,
and
the
next
candidate
to
be
refunded
has
been
highlighted
in
orange.
The
2015
b
bond
issue
currently
outstanding
51
million
dollars,
and
you
can
see
under
column
f.
F
So
this
is
a
bond
issue
that
we're
monitoring
for
another
taxable
advance
for
funding,
just
like
we
did
last
year
with
the
2014s.
It's
not
there
right
now.
Quite
honestly,
interest
rates
are
a
lot
higher
than
they
were
when
we
refinanced
your
last
bond
issue,
and
so
it's
one
that
we
are.
We
are
monitoring
when
you
look
at
the
2020
bond
issue
of
75
million
dollars,
it
was
the
first
installment
of
the
referendum,
you'll
notice
that
the
refundable
interest
rate
or
the
refundable
coupon
is
3.6
march
of
2030..
F
F
The
2020,
the
2021,
a
one
is
three
point:
six
percent
refundable.
One
is
two
point:
three
percent
refundable,
so
we
wanna
mirror
it
up
with
the
the
higher
one
so
that
when
we
get
to
the
point
to
refinance
you're
refunding
two
bond
issues
with
one
bond
issue,
as
opposed
to
two
separate,
it's
going
to
save
you
money,
okay,
so
I
just
want
to
make
sure
the
board's
aware
that
we
look
at
the
the
call
dates
in
terms
of
your
overall
portfolio
to
try
to
forward
forecast
and
save
you
money
in
the
future.
F
K
K
And
in
terms
of
the
the
2017
and
20
19
years,
those
those
money
has
been,
as
I
have
been
allocated
from
those
years
that
are
still
presently
in
accounts,
correct.
F
So
you
identify
a
fiscal
year,
you
have
a
budget,
that's
approved
debt
is
issued
and
then
you
go
through
the
process
of
completing
the
projects.
When
the
projects
are
completed,
the
you'll
have
some
potential
budget
surplus.
You
came
in
under
budget,
so
that
means
there's.
There's
money
is
available
through
the
debt
issuance.
The
funds
are
sitting
in
an
account
earning
interest
that
interest
accumulates
and
then,
when
you
issue
debt,
you
can
receive
a
bid
premium
and
those
funds
are
are
also
placed
into
the
project
fund.
F
K
K
When
he's
when
he
said
eight
percent,
we
have
eight
percent
projects.
Is
this
the
funding
that
go
with
for
those
eight
percent
projects
and
the
reason
I'm
asking
that?
Because
I
know
that
we
that
we,
we,
the
board,
made
a
motion
in
terms
of
having
them
to
move
the
eight
percent
projects
and
to
put
it
back
in
the
and
was
it
the
general
funds
account?
D
A
And
the
borrowing
in
the
current
year
is
reduced
by
that
amount,
which
is
a
way
to
return
it
to
the
taxpayers.
That's
correct!
That
was
the
motion
right
now.
Remember
the
last
time
we
did
the
eight
percent
funding
we
had
an
above
the
line
and
below
the
line
issuance,
so
that
that
motion
is
where,
for
last
year
and
years,
going
forward.
If
we
continue
to
do
it
that
way,
that
motions
are
relevant
because
they'll
there
never
will
be
a
surplus,
because
it'll
be
applied
to
those
that
next
group
of
projects
below
the
line.
A
K
No,
no,
no
you're
clear,
but
I
mean
also.
I
just
know
that
there
are
projects
out
there
that
also
that
we
have
these
eight
percent
money
funding,
I'm
trying
to
figure
out.
How
do
we
have?
How
do
we
have
this
funding
and
I've
been
told
that
we
don't
have
funding
for
a
couple
percent
projects.
K
So
what
I'm
trying
to
figure
out
is
that
these
this
money
is
in
this
account,
and
then
this
this
is
money
that
we
can
use
for
a
couple,
eight
percent
projects
and
and
and
be
more
specific,
as
in
the
gym
I
mean
which
is
not
in
relation
to
is
not
direct
to
this,
but
I'm
just
shocked
that
we
even
had
this
amount
of
money
in
an
account
that
could
be
used
for
that.
You
know.
F
I
think
there's
always
going
to
be
a
restricted
to
unrestricted
situation,
because
you're
in
the
middle
of
funding
your
fiscal
year
8
projects
it
takes.
It
takes
a
a
year
and
a
half
at
least
to
get
through
those
projects.
And
then,
when
you
complete
those
projects,
that's
when
you
find
out,
you
know
where
exactly
you
stand
in
terms
of
any
residual
funding,
that's
remaining
in
a
restricted
column.
Then
you
have
the
arbitrage
consultant
comes
in
and
it
becomes
unrestricted.
So
there
are
two
amounts
that
have
now
become
unrestricted.
E
E
Our
goal
is
to
close
one
set
one
year
of
projects
every
single
year,
so
the
oldest
year,
but
this
year
we
had
an
opportunity,
since
almost
100
percent
of
the
projects
in
the
2018-2019
fiscal
year
were
complete,
we
were
able
to
bring
two
years
worth
of
projects
through,
unfortunately,
going
forward
the
bond
issues
that
we
have
do
not
have
sizable
premiums
like
this,
so
we
will
not
have
we
might.
We
will
not
be
bringing
forward
an
amount
this
large
in
future
in
the
next
year.
E
It
was
a
bank
loan,
as
opposed
to-
I
don't
know
the
general
terminology,
but
public
borrowing,
so
we
won't
have
that
sort
of
excess
in
future
years,
but
these
will
be
coming
forward
every
single
year
during
this
presentation
and
spring.
So
this
is
in
compliance,
just
notifying
the
board
that
these
funds
are
available
for
use.
However,
the
board
chooses
to
do
that,
and
so
we
just
want
to
make
sure
that
we're
communicating
that
as
information
now
and
and
we
will
bring
forward
information
as
we
continue
in
the
future.
C
Thank
you,
mr
chair.
I
I
apologize.
I
didn't
notice
it
before
until
mr
smith
brought
us
back
to
page
six,
but
at
the
top
it
says
for
this
eight
percent
program
that
this
is
available
bid,
premiums,
earnest
interest,
earnings
and
budget
actuals.
Is
there
a
way
to
see
it
broken
out
into
those
three
individuals,
because
my
cursory
understanding
of
the
premiums
is
that
that's
in
excess
of
what
had
been
originally
approved
correct
because
it's
it's
offered
by
yes,.
E
The
2017-2018
year
there
was
about
800
000
of
budgetary
savings.
I
don't
remember
the
difference
between
the
premium
and
then
interest
of
that
year,
but
in
fy
2018-19
it
was
about
seventeen
hundred
dollars
of
savings,
so
we've
already
expended
almost
a
hundred
percent
of
the
second
second
bond
issue.
You
see
there,
so
it
is
primarily
just
premiums
and
interests
so,
but
I
can
certainly
break
it
out
and
bring
it
to
the
board.
E
Committee
meeting
and
then
that
might
be.
C
C
K
All
also
in
reference
to
this,
how
long
did
we
know
that
this
money
was
here.
E
When
the
I
monitor
the
funding
on
a
monthly
basis
as
the
the
quarterly
and
the
quarterly
financial
reports,
you
see
the
budgetary
savings
that
are
experienced
in
those
projects.
E
So
I
did
this
calculation
just
a
few
months
ago
in
preparation
for
this
for
this
meeting,
so
that
we
could
capture
close
as
those
funds
are
now
closed
out,
then
we
can
accumulate
all
other
revenue
sources
that
are
available
and
so
that
calculation
was
done
a
few
months
ago
in
preparation
for
today's
meeting.
H
Miss
crosby,
if
I
could,
I
don't
recall
exactly,
but
maybe
it
was
like.
Almost
a
year
ago,
you
brought
to
the
operations
committee
that
there
was
an
eight
percent
funds
fiscal
year.
I
think
17
18
19.,
you
reported
to
us
that
there
was
a
significant
amount
of
money
left
at
the
end
of
each.
So
is
that
what
this?
Basically,
what
you're,
also
bringing
forward
that?
Does
that
the
same
as
what
this
8
money
is
of
eight
million
one
hundred
twenty
five
thousand.
E
E
H
Right
so
when
I
read
this,
I
wasn't
surprised
in
that.
I
know
that
you
have
shared
with
us
before
probably
at
least
a
good
18
months
ago,
that
at
the
fiscal
end
of
fiscal
year,
I
think
it
was
17
and
fiscal
year
18
you
brought
forward
some
dollar
amounts
which
really
prompted
that
whole
conversation
about.
How
does
this
wreck
you
know?
How
do
we
rectify
this
with
that
policy
so
that
that
conversation
happened
at
least
18
months
ago
or
12
months
ago?
H
K
And,
and
even
even
with
that,
my
my
concerns
is
that
we're
we're
pension
if
we're
pension
projects,
and
we
have
eight
percent
funding,
then
that's
concerning,
because
if
we
had
them,
we
could
we
could
use
them,
and
so
that's
why
I'm
a
little
baffled,
because
I
know
a
couple
of
projects
that
we
do
have
that
we
could
use
as
funding
for
that
that
it's
it
has
not.
K
That
I
I
I
maybe
maybe
I
may
be,
unless
my
understanding
may
not
be
clear
on
it,
but
I
was
just
thinking
that
you
know
that
the
staff
would
say
that
that,
for
certain
projects
that
we
do
have
that
aided
funding
and
that
it
would
be,
it
would
be
stick
out
to
us
that
we
do
have
a
part
over
here
that
we
could
use
that
for
in
reference
to
some
of
these
projects
that
that
are
going
on
now,
I
mean
there's
nothing
wrong
with
an
fyi
there's
money.
K
A
Sometimes
we
we
get
confused
and
we
think
there's
money
laying
there,
but
it's
borrowed
money
taxpayer
money
for
80
projects.
It's
sometimes
I
think
we
get
intoxicated
by
seeing
a
pot
of
money
with
and
there's
projects
that
we
had
to
postpone
or
cut
back
the
scope
to
meet
our
promise
right.
We
promised
344
or
whatever
it
was,
but
we
have
to
resist
that
temptation.
I
think,
but
then
I'm
a
fiscal
conservative.
So
that's
the
way
I'm
going
to
look
at
it.
E
If
I
may
make
one
last,
I
actually
think
it's
it's
perfect
timing,
as
today
this
afternoon,
we'll
be
talking
about
the
facilities
master
plan
that
will
be
used
to
build
the
eight
percent
projects
and
will
be
presented
to
the
operations
committee
in
as
the
the
new
study,
the
district-wide
assessment
is
coming
forward.
That
will
be
built
used
to
build
the
eight
percent
project
list
and
these
funds
will
be
available
to
incorporate
into
that
the
funding
of
those
projects.
E
So
I
think
it's
actually
very
good
timing,
so
I
think
we'll
be
be
able
to
do
make
some
decisions
have
some
options
in
that
world.
So.
F
F
F
Nope?
Okay.
So
let's
move
to
page
eight,
which
is
the
graph.
So
this
is
all
your
bonds,
debt
service
payments
and
how
they're
structured.
So
you
can
see
in
calendar
year,
2021
2022,
2023
2024
we're
at
a
projected
36.3
mills
and
the
amortization
is
on
future
pages.
But
what
I
wanted
to
notate
was
the
future
structure.
F
So
part
of
our
job
is
to
make
sure
as
a
board,
you
have
flexibility
and
that's
what
this
is
showing
is
we
have
flexibility
at
the
36.3
mill
rate
so
that
you
can
continue
to
fund
your
8
program
and
or
your
referendum
program
as
we
move
forward?
Okay,
so
do
we
have
any
questions
on
the
structure
and
and
the
the
graph
of
all
your
existing
debt
and
projected
placeholder
future
issuances.
F
F
We
identify
under
column
c,
the
installment
purchase
revenue
bond,
that's
outstanding,
and
then
we
re
we
identify
under
columns
d
through
h,
all
the
borrowings
that
we
have
already
discussed
on
the
previous
page
when
they
come
before
the
board
and
what
those
structures
look
like
and
the
structures
you
know
change
as
the
millage
information
changes
and
then
under
column
j.
We
have
your
continuation
of
the
eight
percent
program
passed
this
year.
F
So
two
things
to
note
column
f
is
the
final
issuance
of
your
referendum
that
will
adjust
as
we
move
closer
and
as
we
seek
board
approval
and
then
under
column
g,
the
8
program
that
assumes
a
25
million
issuance
that
will
adjust,
depending
on
the
discussions
that
you
have
in
identifying
what
projects
you
want
to
fund
to
the
eight
percent,
less
the
amount
of
funds
that
have
been
identified
to
reduce
any
borrowings
for
eight
percent.
F
Okay,
so
those
two
columns
will
continue
to
adjust
as
we
move
through
the
process
of
seeking
board
approval
for
the
debt
issuance
now
column.
J
is
the
summation
of
future
bond
issues.
So
if
we
move
to
page
10,
we
break
out
the
8
program
and
you
can
see
that
going
forward
all
the
way
out
to
29
and
beyond
I'll
call
it
into
perpetuity.
F
F
Whatever
decisions
the
board
makes,
we
have
the
capacity
to
deal
with
those
adjustments,
and
I
think
that's
the
that's
the
hallmark
of
this
program
is.
It
is
very
flexible
in
making
sure
that,
as
your
needs
change
and
as
your
your
needs
drive
your
borrowing
change,
we
can,
we
can
accommodate
it.
Okay,
would
I
love
to
have
a
situation.
I've
said
this
before,
where
we
issue
your
eight
percent
and
paid
off
in
one
year,
would
love
to
now
can't
take
the
millage
rate
to
50.
a
lot
of
people
wouldn't
be
here.
F
If
we
did
that,
but
I
would
love
to
pay
it
off
that
quickly
and
so
part
of
our
job
is
every
year
to
figure
out.
Is
it
a
three-year
term?
Is
it?
Is
it
a
five-year
term,
and
and
yes,
we
would
love
to
get
it
to
a
one-year
term,
but
you
know
each
year,
that's
a
a
calculation
that
we
make.
A
F
F
Yeah
I
hear
you,
I
hear
you
okay,
so
we've
gone
through
page
nine,
we've
gone
through
page
ten.
Now
we
get
to
page
11.,
and
so
this
is
the
millage
rate.
So
on
that
graph,
where
we
showed
the
the
36.3
and
each
millage
rate
going
forward
and
looking
for
future
flexibility
as
well
under
column,
a
we
identify
the
calendar
year
and
there's
an
asterisk,
so
the
asterisk
is.
We
have
an
audit
and
we
have
an
actual
collectible
value
of
a
mill.
F
So
if
you
look
at
year,
2021
the
actual
collectible
value
of
a
mill
was
2
million,
46
497
and
comparing
it
to
the
prior
year
we
had
a
growth
rate
of
2.72
percent.
So
what
we
like
about
this
is
it
gives
you
the
opportunity
to
look,
look
in
the
rear
view,
mirror
sort
of
say
and
say
what
is
our
growth
been
on
an
actual
audit,
collectible
value
so
I'll
call
it
a
cash
value,
not
the
assessed
value.
The
actual
money
in
the
bank
account
value
and
that's
a
very
big
difference.
F
F
The
bills
will
go
out
in
the
fall.
We
grow
up
by
one
percent.
Now
we
will
work
with
the
finance
committee
as
we
get
through
the
end
of
march
and
then
the
accounts
are
reconciled
by
your
finance
department.
We'll
look
and
see
whether
carrying
forward
at
100
is
realistic.
Is
it
too
conservative?
Is
it
too
aggressive
and
we
might
make
an
adjustment
as
we
move
closer
and
closer
to
the
final
issuance?
K
F
F
We
want
to
be
conservative
if
you
look
historically
2.72
3.3
5.5
3.46
2.71,
using
a
static
one
percent.
When
you
had
a
you
had
one
year,
that
was
negative,
nine
point:
eight
one
percent,
we
think's
balanced
all
factors
and
we'll
make
one
adjustment
here
for
the
2022
year
once
the
tax
bills
are
in
through
the
end
of
march,
and
then
those
accounts
are
reconciled.
C
Thank
you,
mr
chair.
I
just
had
a
quick
question
when
looking
to
2025
and
2026
and
those
numbers
on
the
far
right
side
and
column
j,
then
so
the
the
millage
goes
down
in
those
years,
and
so
my
question
is
that
9.7
and
then
in
2026
at
17,
all
those
numbers
down.
Could
it
safely
be
said
that
those
numbers
reflect
what
would
be
if
we
kept
the
millage
the
same
at
the
36.3?
C
I
C
I
F
Any
other
questions:
okay,
moving
on
to
page
12.
Now
we
get
into
the
constitutional
debt
limit,
which
is
another
part
of
your
policy
so
under
column.
I
we
look
at
the
assessed
valuation
and
the
years
that
have
an
asterisk
are
the
actual
certified
assessed
valuations
under
column
j.
We
have
your
maximum
limitation
and
then
we
simply
do
the
math
subtract.
What
you
have
outstanding,
that's
chargeable
against
the
eight
percent
debt
limit
and
then
on
a
forward-looking
basis.
F
We
also
subtract
what
you're
scheduled
right
now
to
issue
and
you
can
see
under
column
l
that
the
amount
that
you
have
net
available
after
the
assumed
bond
issues
for
this
year
and
going
forward
is
111
million
and
I
believe
in
tonya's
executive
summary.
It
was
around
90.
92
million
was
your
policy
minimum,
so
you
have
about
20
million
dollars
of
additional
cushion
on
top
of
your
25
million
dollar
pro
forma
borrowing,
that's
listed
under
column
e,
okay.
So
that's
the
net
of
even
the
borrowing
that
you
have
yet
to
approve
this
year.
F
So
you
guys
are
in
really
good
shape
to
make
sure
that
at
the
bottom,
left-hand
corner
with
the
three
asterisks
policy-
oe
6.17
you're
in
very
good
shape,
to
meet
that
policy.
F
Okay
speaks
for
itself
all
right
moving
to
page
13.
This
is
just
the
math
behind
the
cumulative
graph
going
forward.
The
only
thing
I'd
like
to
notate
on
this
is
under
column
b.
Through
h.
You
can
see
that
going
forward
the
summation
at
the
bottom.
F
I've
assumed
25
million
dollars
a
year,
so
we
can
continue
to
fund
25
million
dollars
a
year
at
36.3
mills
and
have
some
flexibility
for
future
decisions,
whether
you
borrow
25
million
dollars
a
year
or
not,
is
a
decision
that
the
board
makes
on
an
annual
basis
and
that
that
next
decision
will
be.
I
believe,
it's
in
july.
F
F
So
every
fall
you
send
out
tax
bills
that
make
sure
that
there's
enough
money
to
make
debt
service
payments
and
the
bonds
that
we're
going
to
be
issuing
this
year
that
are
highlighted
in
gray,
are
sized
to
ensure
that
we
stay
perfected
at
the
36.3
mils.
So
at
the
top
right
highlighted
in
yellow,
is
your
estimated
beginning
cash
balance
for
the
fiscal
year?
That
number
will
be
updated
as
we
get
closer
to
fiscal
year.
End
also
in
yellow
is
the
escrow
release.
F
F
Then
those
funds,
including
tax
collections,
have
to
make
18
months
worth
of
payments,
and
so
I've
listed
every
single
payment
that
you
have
to
make
over
18
months
again.
The
ones
that
are
highlighted
in
gray
are
estimated.
They
will
become
actuals
as
we
issue
those
bonds
now
from
a
cash
basis
that
your
deep
point
or
your
low
point
comes
after
you
make
your
last
payment
in
september
right.
F
So
your
low
point,
highlighted
in
yellow
down
at
the
bottom
of
the
page,
is
five
million,
so
we
have
always
sized
the
borrowings
and
the
the
the
worksheet
to
have
a
five
million
dollar
cushion
or
about
two
and
a
half
mils
now
in
case
there's
an
unintended
consequence.
So
it's
just
a
an
additional
amount
of
of
being
conservative.
F
If
you
were,
if
you
were
to
have
a
an
event
that
you
weren't
able
to
make
debt
service
payments,
we
all
know
what
that
means.
That
means
the
first
page
that
we
started
with
your
credit
ratings
would
take
a
hit.
F
We
don't
want
to
have
that
happen,
so
we
have
to
have
some
balance
in
terms
of
being
conservative
here
that
five
million
dollar
target
has
been
one
we've
used
for
many
many
years,
okay,
but
this
page
and
the
reason
I
put
big
draft
watermark
on
it-
will
continue
to
adjust
as
we
move
forward
with
the
debt
issuances
and
as
we
move
forward
with
reconciling
the
collections
for
the
tax
year
2021..
F
Okay,
this
is
very
granular,
but
it
it
lists
every
single
payment
that
you're
going
to
make.
So
are
there
any
questions
on
this
page.
F
Okay,
then,
the
last
page,
I
think
we
already
went
over,
but
I
will
just
once
again
just
read
the
highlight
points,
so
the
core
goals
and
objectives
of
your
program
is
to
fund.
Your
eight
percent
program
is
to
fund
any
referendum.
Programs
is
to
have
a
structured
debt
service
mill
rate
that
we
live
within
36.3.
F
We
live
within
that
mill
rate
and
fund
your
needs,
and
we
also
manage
your
credit
ratings,
which
has
a
tether
to
decisions
you
make
on
the
operating
side
of
your
budget,
since
that's
part
of
the
factor
with
fund
balance.
Okay,
so
we
went
from
mac,
we
started
with
macro.
We
went
to
micro
now
we're
back
to
macro,
so
those
are
your
core
goals
and
objectives,
and
I
will
just
reiterate,
as
we
move
forward
with
the
final
issuance
of
your
referendum,
bonds
and
we're
in
this
time
of
uncertainty
in
the
credit
markets.
F
You
know
the
flight
quality
and
your
high
credit
ratings
are
going
to
benefit
you
and
your
taxpayers
greatly.
So
job
well
done
in
terms
of
maintaining
those
for
a
number
of
years.
F
Are
there
any
questions
that
I
can
answer.
I
I
have
a
comment
and
the
comment
is
this
is
really
well
done.
Thank
you.
This
is
very
clear.
It's
understandable,
a
very
complex
issue
editorially.
I
just
like
to
say
that
we
are
approaching
some
very
challenging
times
for
debt
service
and
the
inflation
rate
is
very
high.
It's
gone
higher
since
the
situation
in
ukraine.
I
So
for
us,
our
credit
rating
is
absolutely
essential,
because
that's
how
much
we
will
have
to
pay
in
interest
which
we
would
then
have
to
add
additional
tax
service
to
pay
for
so
this
program,
and
this
philosophy
that
you
have
set
up
brian
sets
us
up
in
great
stead
to
be
able
to
cope
with
the
uncertainty
as
it
goes
forward
and
for
that
and
and
franny
and
making
it
happen
and
tonya.
J
L
J
And
I
just
love
knowing
just
a
little
bit
more
than
you
had
on
that,
but
that
was
my
question
too,
is
with
seven
they're
talking
about
seven
rate
hikes.
Who
knows,
but
that's
going
to
be
a
substantial,
raise,
we're
talking
about
possibly
doing
a
referendum
funding
in
a
year.
So
after
these,
and
maybe
three
and
maybe
seven,
maybe
not
who
knows,
but
if
something
that's
substantial
happens,
that
they
talk
about
seven
rate
hikes.
F
That's
a
first
of
all,
that's
a
great
question.
Part
of
that
is
a
political
answer,
and
you
know
I
I
don't
do
politics.
I
just
do
the
numbers.
I
will
say
that
our
approach
and
it
it
it's
with
the
eight
percent
program
and
it's
with
the
last
referendum.
We
assume
the
highest
coupon
rate.
We
assume
five
percent
and
I
do
not
see
tax
exempt
interest
rates
getting
over
five
percent.
F
F
I
do
think
what
it
means
is:
there's
a
less
bid
premium
which
again
you're
borrowing
right,
we've
already
borrowed
twice
in
low
interest
rate
environments
for
the
this
current
referendum,
you're
going
to
borrow
again
you're,
going
to
leverage
your
credit
ratings,
and
so
any
monies
that
you
have
left
over
to
reduce
your
future
borrowing
on
a
next
referendum.
J
So
as
a
follow-up,
when
you're
talking
about
one
of
the
other
issues
we
have
is
supply
costs
right
right,
so
even
if
we're
able
so
basically
when
we
I
was
looking
at
when
they
did
the
presentation
for
the
initial
referendum
and
they
did
a
breakdown
of
what
it
would
cost
a
taxpayer
per
month
right
to
kind
of
present
that
to
the
taxpayer
was,
I
think,
seven
dollars
on
it.
If
you
own
a
250,
000
house.
Well,
now
housing
prices
have,
since
that
point
gone
tremendously
if
we
got
supply
chain.
J
F
Great
question
great
question
so,
based
upon
the
last
cost
amount,
so
I
believe
there
was
a
study
you
funded
half
of
it,
roughly
half
of
it
and
there's
another
half
right
yeah.
So
I
have
ran
some
five
percent
coupon
just
hypotheticals
and
based
upon
the
flexibility
that
we
have
here.
Assuming
your
eight
percent
eight
percent
program
stays,
as
is.
I
would
expect
it
to
be
a
no
tax
increase
referendum.
D
J
F
Now,
if
you
decide
to
change
your
number
right
and
you
it
it
escalates,
then
you
know
there
might
be
a
millage
adjustment.
But
right
now
my
projections,
if
you
were
able
to
stay
with
that
borrowing
amount,
there
wouldn't
be
a
tax
increase
to
the
next
referendum.
F
I
I
think
doctors
with
wisniewski
hit
it
on
the
head.
When,
on
the
millage
page,
she
notated
the
remaining
amounts
between
the
target
of
36.3
and
what
it
would
take
to
meet
the
pro
forma
payments.
That
difference
is
what
pays
for
the
next
referendum.
L
M
D
K
My
question
was,
I
was
going
to
say
in
in
in
accepting
the
report
we're
just
saying
that
we're
accepting
the
information
that
has
been
given
and
then
that
is
that's
that's
just
what
we're
doing
and
nothing
else
just
to
be
clear.
K
E
We
good
okay,
I'm
sorry,
you
voted
quick
quickly
on
that
one:
okay,
we're
going
to
move
along
to
the
tiff
updates.
This
morning
we
have
two
groups
with
us,
one
via
zoom
town
of
hilton
head,
and
we
have
some
guests
with
us
in
the
audience
from
the
town
of
port
royal.
So
we're
going
to
begin
with
town
of
hilton
head.
It
is
a
john
troyer.
E
The
director
of
finance
with
the
town
of
hilton
head
island
has
joined
us
virtually
on
zoom,
and
so
we're
going
to
begin
with
that
discussion
before
I
turn
it
over
to
him.
No
motions
are
expected
as
of
today
on
this
topic,
so
we
will.
It
is
information
only,
and
so
we
don't
have
any
expectation
of
any
votes
on
this
on
this
topic.
So
with
that
I'd
like
to
turn
it
over
to
john
troyer.
N
Okay,
thank
you
so
much.
Thank
you
for
the
opportunity
to
be
here
and
share
some
information.
What
we
have
is
just
a
report
we
serve
as
the
fiscal
agent,
so
I
serve
as
a
finance
director
of
the
town
of
milton
head
we're.
Also
the
fiscal
agent
of
the
tiff
and
just
reporting
on
in
a
report
you've
seen
hopefully
you've
seen
the
printed
version
and
I'll
go
through
a
fast
powerpoint.
Certainly
welcome
any
questions
and
comments.
N
N
Okay,
our
tax
increment
financing
districts
are
a
funding
method,
and
so
it's
a
way
that
we
can
help,
invest
in
public
projects
and
stimulate
private
investments
and
improve
not
only
the
quality
of
life,
but
also
to
really
inspire
investments
that
will
hopefully
raise
our
property
values
and
and
in
long-term,
raise
of
collections,
property
values
and
hence
collections
on
the
same
knowledge
rate,
and
that's
exactly
what's
happening
here.
This
tiff
is
working
just
like
it.
We
would
we
hoped
at
the
start.
N
So
on
the
base
here,
the
tiff,
the
property
values,
are
established.
Each
of
the
participating
entities
jurisdictions
agree
that
the
increases
in
value
will
be
invested
in
the
community.
N
A
number
of
good
investments,
including
parks,
roadway
improvements
and
largest
one
was
the
uscb,
and
so
those
investments
have
have
in
fact
inspired
on
a
number
of
investments
and
increases
in
property
values
here
on
the
island
and
that
helps
to
increase
the
collections,
the
value
for
the
school
board.
So
hopefully
that
is
helping
your
budget
cause
as
well.
N
So,
each
year
we've
got
the
millage
and
it's
remitted
to
the
tif
district,
and
so
it's
collected
at
the
county.
The
county
makes
these
determinations,
and
so
the
the
county
is
the
person
who
does
the
or
is
the
entity
that
does
the
the
calculations
collections
and
then
they
remit
back
to
the
tiff.
And
then
we
have
a
special
tiff
fund
here
at
the
town
that
I'm
reporting
on,
and
then
we
make.
We
show
these
this
different
activity.
N
Okay,
here's
a
graph-
but
basically
it
shows,
there's
a
baseline
property
value.
During
the
tif
term.
We
are
capturing
some
of
the
increases
in
appraised
value,
so
school
board
gets
to
keep
the
base
value.
They
they
don't
lose
anything
for
participating
in
the
tiff
and
they
contribute
the
increases
with
the
expectation
that
after
the
tif
is
over,
which
will
be
soon
2025
sooner
than
we
think
those
increases
in
property
values
will
help.
The
school
board
help
the
town
as
well
from
here
on
out.
So
that
has
worked
exactly
like.
N
County
treasurers
do
the
collecting
and
they've
got
accounting
for
the
test
remitting
for
the
tiffs
and
the
auditor
certifies
all
these
properties
and
and
the
maps
of
the
properties
and
so
yeah.
We
work
very
closely
with
our
friends
at
the
county
to
make
sure
that
all
these
pieces
are
working,
fine,
which
they
are.
N
Okay,
the
county
finance
department
continues
to
do
those,
and
the
county
finance
department
does
make
monthly
reports
on
tiff
tiff
collections,
tiff
remittances
each
month
and
and
that's
a
normal
part
of
our
monthly
business.
We
work
very
very
closely
with
the
county
on
that.
N
So
and
I
understand
that
you've
got
a
report
on
port
royaltiff,
and
so
we
certainly
welcome
hearing
about
that-
and
this
is
the
hilton
head
island
tiff
and
we
called
the
hilton
and
island
tiff,
because
it
was
an
extension
from
the
first
one
and
so
the
first
one
worked
well
and
and
was
successful.
The
second
one
is
working
well
and
we
have
just
a
few
more
years.
N
Okay,
so
tip
won
15
years,
65
million
dollars
tiff
to
10
years,
50
million
dollars.
School
district
has
limited
its
participation,
debt
service,
only
75
percent,
and
so
it
kind
of
narrowed
the
scope
of
its
participation
and
also
set
a
cap
on
it
and
so
yeah.
It
says
active
through
2024
and
that's
fiscal
2025..
N
So
our
partners
in
this
beaufort
county
beaufort,
county
school
district
building,
head
public
service
district
and
by
the
town
of
hilton
island.
So
all
these
entities
all
these
jurisdictions
made
similar
agreements
and
are
doing
this
in
order
to
provide
a
mechanism
to
make
investments
in
the
community
which
are
in
fact
helping
our
assessed
values.
N
Okay
from
tiff
one
revenues,
32
million
dollars.
You
can
see
that
tip
two
revenues.
The
increases
are
evident
from
2016
and
956
thousand
dollars
to
2021
a
million
250,
and
these
are
the
same
properties,
and
so
the
values
on
these
properties
that
are
included
within
the
tiff
are
going
up
substantially,
and
so
we
are
excited
and
encouraged
by
that
and
helping
all
the
jurisdictions
who
are
participating.
N
So
we
have
project
expenditures,
83
95
million
dollars
into
it.
We've
got
a
number
of
projects
still
in
the
works,
and
we
are
going
full
speed
ahead
to
continue
to
do
those,
and
so
you
can
see
from
facilities
land
acquisition,
roadways
pathways.
N
So
with
that,
I
will
open
it
up
for
any
comments
or
questions,
and
thank
you
for
the
opportunity
to
make
the
report.
J
Thank
you,
mr
troyer,
can
you
tell
me
of
these
projects
I'm
looking
through,
which
ones
are
benefiting
the
students
of
of
beaufort
county.
K
N
I
would
submit
all
of
them
through
just
the
increases
in
the
property.
Values
are
going
to
increase
and
benefit
the
school
district.
The
school
board
through
increases
in
collections.
Certainly
they
have
opportunities
that
the
roadways
benefit.
Everyone
in
the
area
pathways
are
available
for
the
students
and
the
parks
are
available
for
the
students,
and
certainly
we
I
appreciate
the
low
country
celebration
park
was
a
piece
of
it
and
there's
a
number
of
activities
that
will
benefit
the
students,
and
so
I
hope
that
answers
your
question.
J
So,
just
as
a
follow-up,
the
benefit
to
the
school
district
is
that
these
properties
will
increase
land
home
values
which
will
increase
our
tax
base.
J
Okay,
because
just
as
one
thing
as
a
resident
on
hilton
head,
I
think
that
is
a
concern.
Among
many
of
us.
Full-Time
residents
is
that
we
have
invested
a
lot
of
infrastructure
like
the
for
the
arts
center,
for
example,
and
that's
great
because
it
provides
a
lot
of
opportunities.
I
mean
I
love
the
art
center.
I
go
to
a
lot
of
performances.
J
They
don't
work
with
the
schools
very
much.
It
really
benefits
the
tourists
and
so
what's
happening
to
a
lot
of
people
on
hilton
head,
and
this
other
reason
I
bring
it
up,
is
I
don't
think
we're
doing
another
tiff
or
anything,
but
a
lot
of
this
benefits
the
tourist
industry,
which
is
causing
house
prices
to
go
up
which
is
causing
students
to
have
to
move
off
island.
J
So
I
just
want
to
put
that
in
the
town's
thinking
about
some
of
these
things
is,
as
we
rush
to
put
bring
up
housing
values
and
provide
amenities
that
are
widely
used
by
tourists.
That
may
actually
have
a
negative
impact
on
the
current
residents
and
the
current
current
students.
So
that's
more
of
a
comment
than
a
question.
J
N
Appreciate
your
comments
and
and
I'll
just
interject,
this
momentarily,
it
is
something
that
we
work
with
very
closely
is
to
try
to
try
to
find
that
right
balance.
For
you
know
our
residents
and
our
visitors,
many
of
our
visitors
become
residents,
and
so
that's
certainly
in
an
area
that
we
do
pay
attention
to,
and
thank
you
for
your
comments.
O
Okay,
my
question
is
the
pathways
fox
and
facilities
discover
every
community
on
hills,
net.
N
No,
the
the
maps
were
specific
at
the
time,
and
I
can
I
can
do
a
a
follow-up
report
on
that,
but
it
it
was
very
specific
about
the
different
areas
that
would
be
included
in
this
district,
but
it
is
a
number
of
different
places,
and
so
it's
it's.
It
is
spread
around
hilton
head,
but
not
the
whole
island.
A
P
And
others
should
be
ffff,
batman,
referrals
to
feed
the
stakes
and
that's
basically
what
it
what
it
does
it?
Our
question
from
the
board
point
is:
how
do
we
utilize
the
tip
funding
to
really
fulfill
what
is
written
as
their
obligation
and
the
obligation
was
to
enhance
the
property
value
of
the
low
valued
areas
so
that
the
taxes
increase,
so
that
the
folks
who
benefit
are
the
folks
who
have
very
little?
You
know
basic
infrastructure
and
infrastructures
been
physical
in
terms
of
that,
those
areas
and
and
of
course,
applicable
like
in
academics?
P
P
C
C
N
I
think
when
you
look
back
to
the
slide,
yeah
you've
got
different
jurisdictions,
have
different
participations
and
it's
based
on.
C
N
N
Is
the
tif
district
between
the
schools
and
the
county
are
very
close
in
totals,
but
yes,
school
district,
the
first
yes.
C
Thank
you
and
then
somewhat
to
ingrid's
point
and
what
some
others
have
stated.
It
looks
like
there's
quite
a
bit
of
land
acquisition,
that's
been
through
the
the
course
of
the
project
and
what
ingram
I
think
was
touching
on
also
is
the
the
housing
situation
on
hilton
head
for
workers.
I
know
it's
extremely
expensive
for
our
teachers
to
to
live
where
they
actually
work,
so
I'm
just
making
those
connections
that
the
school
district
is
making
the
most
contribution
in
that
regard,
at
least
that's
what
the
numbers
look
like
today.
C
N
Thank
you
for
your
comments
and
we
also
share
you
know
with
our
firefighters
we're
experiencing
some
of
the
same
challenges,
and
so
it
is
on
our
mind.
It
wasn't
necessarily
going
to
be
addressed
through
the
tiff,
but
it's
being
addressed
through
other
hilton
head
methods.
But
thank
you
for
your
comments.
O
Yes,
I
just
want
to
follow
up
on
mel
comments.
I
would
hope
that
the
town
would
think
about
the
native
order
on
hills,
nate
island.
You
know,
I
know
you
talk
about
all
these
different
projects,
but
the
native
has
not
benefited
from
for
any
of
it
at
all,
because
nothing
has
happened
in
their
communities,
so
I
would
hope
that
the
town
think
about
it
and
start
doing
something
in
the
near
future
real
quickly.
Thank
you.
E
Thank
you
john.
I
appreciate
you
dialing
in
today
and
and
assisting
us
with
that
presentation
appreciate
it.
Thank
you.
Thank
you.
D
E
Right
next
up
all
right.
Thank
you.
Next
up
we
have
representatives
from
the
town
of
port
royal
and
I
believe
lawrence
flynn
with
pope
flynn
group
is
going
to
do
the
presentation
today.
So
I'd
like
to
invite
him
up.
Q
How
are
you
all?
Thank
you
all
for
having
us
today.
I
am
lawrence
flynn,
I'm
bond
counsel
to
the
town
of
port
royal
with
me
today.
I've
got
van
willis,
the
town
manager,
joe
devito,
the
mayor
and
our
financial
advisor
mike
gallagher.
The
goal
here
today
is
to
kind
of
bring
you
all
up
to
speed
because,
unlike
the
hilton
head,
tiff,
nothing
is
really
going
right
with
the
port
royal
tiff,
and
so
the
goal
is
is
to
kind
of
give
you
an
update
as
to
how
we've
gotten
to
where
we
are.
Q
The
gentleman
from
hilton
head
did
a
pretty
good
job,
explaining
the
idea
of
the
tif.
The
whole
purpose
behind
it
is
the
it's
the
original
private
public
partnership
statute
under
the
constitution,
as
now
administered
through
through
the
statutory
directives,
the
first
one
that
most
people
recognize
is
the
parking
garage
for
the
charleston
place
hotel
in
charleston.
It
was
seen
as
kind
of
the
driver
of
redevelopment
in
downtown
charleston.
Q
That's
what
that
wooper
case
is,
and
the
idea
behind
it
is,
is
that
you
basically
freeze
the
assessed
values
of
property
at
the
the
pre-tiff
values.
Those
revenues
continue
to
get
distributed
and
as
growth
then
comes
once
the
tif
is
established,
you
take
the
revenues
and
you
distribute
them
to
typically
pay
debt
service
on
bonds
to
finance
public
infrastructure
projects.
Q
That
seemed
like
a
really
really
good
idea
for
the
port
royaltiff,
because
the
property
that
was
put
into
the
tiff
is
the
old
state
ports
authority
property,
basically
at
the
at
the
very
tip
of
the
of
the
town,
and
so
the
interesting
thing
about
the
way
that
this
tif
was
set
up.
Q
Is
it
had
no
underlying
assessed
value
because
it
was
a
piece
of
state-owned
property,
it
didn't
pay
property
taxes,
and
so
for
those
of
you
that
are
obviously
from
this
area
and
may
have
followed
kind
of
the
trials
and
tribulations
of
the
state
ports
authority.
Here
in
beaufort
county,
the
property
had
attempted
to
be
sold
multiple
times
over
a
really
long
period
of
time.
It
was
not
particularly
a
performing
port.
Q
It
was
not
one
of
the
assets
the
port
was
looking
to
redevelop
and
there
were
many
opportunities
for
public
auctions
to
sell
the
property,
the
one
that
folks
thought
was
going
to
be
most
successful
and
if
you'll
move
to
the
next
slide,
we
kind
of
walk
through
the
history
of
how
we
got
to
where
we
are
today.
Q
The
property
was
put
up
for
auction
in
2012
and
in
the
process
of
doing
that.
The
town
entered
into
with
the
state
at
that
time
a
development
agreement
for
the
redevelopment
of
the
property
planned
unit,
development
for
the
redevelopment
of
the
property
and
a
tax
increment
financing
district,
that
the
school
district
participated
in
the
county
also
participated,
and
so
that
was
put
in
place
in
2012..
Q
Under
the
terms
of
that
tiff,
the
town
participates
at
a
hundred
percent,
meaning
that
all
of
their
tax
dollars
would
be
generated.
The
county
participates
at
100
and
there
was
an
intergovernmental
agreement
between
the
town
and
the
school
district.
With
respect
to
your
participation
under
the
terms
of
that
intergovernmental
agreement,
you
all
said
we
are
willing
to
participate
up
to
the
lesser
of
three
hundred
thousand
dollars
or
half
of
the
debt
service
on
bonds
issued
to
support
the
tif.
Q
So
we
ask
ourselves:
well,
we
haven't
issued
bonds
to
this
point
and
we've
not
generated
a
whole
bunch
of
money,
so
no
money
has
otherwise
been
spent.
We've
just
accumulated
the
cash
and
we'll
we'll
go
through
a
couple
of
slides
here
in
a
minute
that
lay
out
that
specifically,
but
in
2012,
when
the
tiff
was
put
in
place,
that
was
the
participation
limits
100
by
the
town
100
by
this,
the
county
and
up
to
300
000
a
year
by
the
school
district.
Q
Q
The
property
then
sells
for
half
of
the
value
that
was
otherwise
determined
and
then
through
from
strategic
tax
payment
determinations
by
the
gregos
developers.
They
actually
didn't
pay
their
property
taxes
in
2017.,
and
so
this
tiff
has
has
not
been
particularly
successful
and
there's
not
been
a
whole
lot
of
collections
to
date.
It's
really
only
been
a
lot,
the
last
24
to
18
months,
where
we've
actually
seen
some
revenue
start
to
generate
and
that's
largely
attributable
to
some
subdivision
of
the
property.
You
know.
Q
Obviously,
the
fish
camp
development
is
out
there
there's
a
new
brewery
development
that
is
some
of
the
other
commercial
parcels
and
then
the
property
actually
was
subsequently
sold
in
december
of
2021
to
save
harbor
marinas,
and
so
it
was
actually
sold
for
the
original
determined
price
from
2017.
for
about
20
million
dollars.
Q
So
fast
forward
effectively
a
decade
and
we
are
starting
from
the
place
we
thought
we
were
going
to
be
in
2012.,
and
so
this
is
just
a
map
for
those
of
you
that
are
not
familiar
with
the
area,
but
it
really
sits.
It's
just
the
point,
all
of
the
property
that
was
formerly
owned
by
the
the
ports
authority,
and
so
you
can
kind
of
see
the
the
way
the
tif
sets
it
was
originally
34
parcels
there's
been
some
combination
of
some
of
those
tax
maps
and
there's
been
a
few
of
those
sales.
Q
Subsequently,
the
idea
is
is
basically
where
you
see
the
marsh
area:
safe,
harbor
now
is
going
to
develop
out
of
marina,
and
the
thinking
is,
is
there
will
be
commercial
and
residential
mixed
use
up
the
neck
of
the
property
for
future
development?
That
hasn't
been
determined,
and
that's
actually
part
of
the
discussion
that
we
wanted
to
have
with
the
board
today
was
to
have
the
conversation
around
what
our
our
participation
looks
like
going
forward,
because
safe
harbor
is
a
brand
new
purchaser
of
the
property
there
have
been.
Q
Q
If
you
go
down
a
little
bit
further
you'll
see
the
projects
that
were
originally
authorized
in
our
redevelopment
plan.
It
was
assumed
that
this
would
be
done
if
you
keep
clicking
through,
I'm
not
sure
who's
in
charge,
but
all
right
perfect.
If
this
was
the
tables
in
there,
we
don't
want
to
get
too
deep
in
the
weeds
on
the
number.
Those
were
the
original
projections.
Obviously
none
of
those
have
come
to
fruition.
Q
If
you
go
to
the
next
one,
this
was
the
original
plan,
so
there
was
10
million
dollars
worth
of
projects
that
were
intended
and,
as
you
all
may
be
familiar
within
a
tiff,
all
of
the
projects
have
to
be
publicly
owned,
and
so
everything
that
is
on
this
list
was
the
was
the
assumption
that
we
would
issue
multiple
series
of
bonds
over
the
20-year
period
of
the
tif,
from
2012
to
2032
to
be
able
to
hopefully
fund
the
majority
of
these.
Q
If
you
go
to
the
next
slide,
the
original
assumption
was
that
we
would
issue
a
first
series
of
bonds
to
to
do
roughly
3.6
million
dollars
worth
of
improvements
and
you'll
see
it's
roads,
it's
water
and
sewer
it's
its
core
infrastructure
for
a
site
that
is
in
very
bad
need
of
core
infrastructure
to
develop
the
property
out
the
way
that
was
anticipated.
Q
Obviously,
none
of
that
has
happened
to
this
point.
Anyone
who's
driven
by
recognizes
that
you
have
the
big
cement
building
there
sitting
on
the
point.
There
was
plans
for
a
hotel
at
one
point:
there
are
lots
of
kind
of
regulatory
delays
as
to
why
that
didn't
happen.
The
way
it
was
intended,
but
now
fast
forward
to
where
we
are
today,
if
you
go
to
the
next
slide-
and
this
is
just
a
a
schematic
of
where
we
thought
the
developments
would
happen-
you
can
go
to
the
next
one
as
well.
Q
Q
Q
Second,
you
cannot
use
the
revenues
from
a
tiff
for
paygo
projects
to
do
pay
as
you
go
projects
until
you've
issued
an
initial
series
of
bonds.
That's
just
the
way
the
statute
works.
So
at
this
point
no
money
has
been
spent
because
the
town
has
not
issued
any
debt
and
the
reason
we
didn't
issue.
Any
debt
was
for
several
reasons.
First
of
all,
we
weren't
exactly
sure
what
the
original
developer
wanted
us
to
do.
Q
There
were
conversations
around
building
in
some
core
infrastructure
for
roads
and
water
and
sewer,
but
we
never
received
the
master
plan
that
was
necessary
for
us
to
take
the
next
steps.
The
other
problem
with
that
was
is
that
we
had
a
delinquency
in
their
tax
payment
and
if
you
are
selling
bonds
secured
by
the
tax
payments
within
the
area
and
the
the
bondholder
or
the
the
lender,
who's
potentially
going
to
lend
this
money
to
us
comes
in
and
says
well
what
is
your
history
of
collections?
Q
And
you
say
in
year,
one
this
new
taxpayer
by
the
way
didn't
pay
their
taxes.
That's
not
a
real
good
story
to
tell
from
a
from
a
credit
standpoint
and
and
tiff
bonds,
while
they
are
secured
by
taxes
and
there's
some
value
in
that.
It's
not
a
real
good
story
to
tell,
and
so
we
kind
of
said
we're
going
to
we're
going
to
stand
by
figure
out
where
this
is
going
to
go.
Q
Some
conversations
started
to
evolve
around
the
subsequent
sale,
and
so
the
only
money
that
has
actually
been
spent
on
site,
the
town
spent
about
a
million
dollars
of
its
own
money
through
the
the
insurance
proceeds
related
to
the
the
fire
at
the
shrimp
dock
facility,
and
so
that
was
to
put
in
the
road
the
parking
around
the
fish
camp
area,
where
everyone
sees
the
the
non-operational
shrimp
boats.
And
so
that's
where
we
kind
of
stand
today.
Q
And
so,
if
you
go
to
the
next
set
of
slides,
this
kind
of
shows
you
as
a
breakdown
in
case
anyone
kind
of
wanted
to
see
what
the
breakout
was.
Historically.
This
is
the
taxes
that
were
generated
in
2021.
That's
done
on
the
basis
of
the
seven
million
dollar
purchase
price
by
grey
ghost.
With
a
couple
of
sub
parcels
and
redevelopment
property
is
roughly
worth
about
10
million
dollars
from
a
tax
standpoint
and
you'll
see
of
that
money.
It
generated
about
230
000
of
taxes,
the
school
district's
portion
of
that
is
about
120
000.
Q
If
you
flip
to
the
next
one,
we
kind
of
took
that
same
pro
forma
project
out
this
20
million
dollar
purchase
price
by
safe
harbor,
which
did
close
in
last
tax
year,
which
would
be
beneficial
because
it'll
actually
mean
it
hits
the
tax
rolls
for
collection
in
january
of
2023,
but
all
of
a
sudden,
the
numbers
start
coming
a
little
bit
more
in
line
with
what
was
originally
projected
when
we
first
put
the
tip
in
place,
and
so,
if
you
go
up
to
the
next
one,
this
is
hard
to
see,
and
hopefully
you
all
have
it
on
your
screens.
Q
This
is
the
historical
collection
of
all
the
tax
dollars
since
since
2017,
when
we
actually
started
generating
revenues
and
you'll
see,
in
that
far
right
hand
corner
that
is
the
680
000
worth
of
aggregate
tax
collections
for
the
town,
the
county
and
the
school
district
since
inception,
if
you
flip
to
the
next
page,
this
is
a
snapshot
of
specifically
the
school
district
revenues
and,
and
so
it's
roughly
354
thousand
dollars
updated,
banned,
correct
if
I'm
wrong
through
the
end
of
february.
Is
that
correct?
Q
Yes,
okay,
so
one
of
the
things
we
actually
wanted
to
make
sure
we
made
a
point
of
stating
today
was
money's,
obviously
not
been
spent.
This
is
the
the
the
school
district's
money
most
of
it's
only
been
collected
in
the
last
18
months,
under
the
intergovernmental
agreement
between
the
town
and
the
school
district
you're,
you
have
committed
to
to
pay
up
to
300
000,
but
the
language
is
the
lesser
of
so
the
lesser
of
half
the
debt
service
on
bonds
or
300
000
a
year.
Q
Well,
there
are
no
bonds,
so
that
means
that
your
participation
requirement
to
date
is
effectively
zero,
and
so
this,
the
town
owes
you
354
thousand
dollars
van,
actually
has
a
check
today.
If,
if
that's
the
way
we
would
like
to
proceed,
we
recognize
that
that
may
not
be
the
best
way
to
do
that.
We'll
work
with
your
financial
staff
to
make
sure
that
the
money
gets
appropriately
distributed
out.
I
know
that
there
may
be
some
considerations
around
operating
taxes
and
debt
service
millage
that
we
want
to
work
through.
Q
Q
The
town
is
still
in
conversations
with
state
harbor,
like
I
said
they
have
just
very
recently
acquired
the
property
they
have
talked
to
us
about
potentially
scrapping
the
existing
development
agreement,
starting
over
from
scratch.
Setting
out
the
new
parameters
for
their
development,
which
safe
harbor
is
a
marine,
is
a
marina
operator
they're,
the
largest
marine
operator
in
the
country
they
own,
the
downtown,
beaufort
marina,
they
own,
the
charleston
city,
marina.
They
own
you
can
get
on
their
website
and
see
they're
they're
a
a
very
large,
well
well-known,
renowned,
marina
developer.
Q
We
feel
very
comfortable
about
them
being
a
part
of
the
project.
What
they
are
not
is
a
commercial
or
residential
developer,
and
obviously
a
portion
of
this
property
is
going
to
be
commercial
and
residential,
largely
commercial.
I
received
it
largely
residential,
so
we
want
to
start
working
through
with
them.
What
their
needs
are
for
the
development
of
the
rest
of
property.
We
don't
know
who
that
that
the
residential
developer
is
going
to
be
yet,
and
so,
as
we
sit
here
today,
we're
certainly
not
asking
for
any
action
by
the
school
board.
Q
In
fact,
we
want
to
make
sure
we
get
you
all
your
money
back,
but
we
would
like
to
have
the
the
fair
opportunity
to
receive
the
benefit
of
the
original
discussions
that
we
had
around
getting
a
20-year
test,
and
so
we
would
like
to
make
the
request,
or
at
least
start
the
conversation
around
potentially
extending
the
the
port
royal
tiff
by
at
least
another
10
years,
maybe
starting
over
from
2022
adding
a
10-year
through
through
2042,
basically
because
we're
starting
over
from
scratch,
we
through,
I
would
like
to
say
no
fault
of
our
own
wasted
10
years,
and
it
was
stuff
that
the
town
just
wasn't
able
to.
Q
Otherwise,
you
know
kind
of
drive
drive
things
home.
We
can't
control
who
purchases
the
property
we
can't
control.
If
and
when
they
pay
their
taxes.
We
can't
control
the
way
they
develop.
We
had
the
the
put
in
place.
Q
You
all
represent
effectively
50
of
the
funding
stack,
and
so
we
would
like
you
all
to
have
a
say
in
that,
as
we
as
we
make
discussions
about
how
we
move
forward
and
so
right
now
we're
not
we're
not
prepared
to
tell
you
what
that
is,
because
we
don't
know
what
it
is
and
we
want
to
continue
to
have
that
conversation
with
them
so
that
we
can
come
with
a
more
robust
and
formal
proposal.
Q
That
says
exactly
what
we
intend
to
do,
based
on
what
we
now
know
are
pretty
hard
and
fast
numbers,
because,
as
soon
as
the
marina
goes
in
as
soon
as
we
start
getting
some
sense
of
what
the
residential
development's
going
to
look
like
that
20
million
dollar
purchase
price
when,
when
properties
start
going
vertical,
is,
is
going
to
be
a
lot
more
successful
and
and
so
to
pre,
potentially
preempt
the
question
from
ms
boatwright
as
to
how
that
benefits
the
how
that
benefits
the
school
district.
Q
What
I
would
say
is
you
know,
my
understanding
is:
is
some
of
these
school
district
assets
in
the
port
royal
area
are
underutilized
and
that
the
hope
would
be
that
there
are
some
new
students
that
could
potentially
be
generated
from
this,
but
we're
also
not
asking
for
100
participation.
We're
not
asking
to
you
know
change
the
numbers.
The
thought
would
be
we'll
we'll
stay
at
the
300
000
cap.
Q
Recognizing
that
you
know,
there's
been
a
lot
of
inflation
since
2012,
but
you
can
already
see
basically
based
on
the
purchase
price
of
the
property
today,
you're
almost
to
that
250,
250,
000
worth
of
taxes,
and
so
as
soon
as
things
start
going
vertical,
it's
spreading
the
wealth
we're
going
to
see
that
value.
If
we
can
help
the
developer
by
putting
in
some
of
that
core
infrastructure
expediting
a
development
that
is
long
overdue.
Q
R
Thank
you
very
much
for
updating
you,
and
I
just
wanted
to
take
a
moment
first
of
all,
to
thank
you
so
much
for
working
with
the
town
originally
and
then
once
again.
Working
now
and
some
of
the
things
that
lawrence
was
talking
about
and
hearing
some
of
the
questions
I
heard
earlier
about.
How
does
it
benefit
the
school
one
of
the
things
that
we
did
in
the
new
development
agreement
with
safe
harbor?
Is
we
moved
parks
and
open
space
up
on
the
list?
R
So
that
is
one
of
the
first
thing
the
tiff
is
going
to
be
able
to
pay
for,
and
the
money
comes
to
the
town
to
be
able
to
develop
them.
Where,
in
the
old
development
agreement,
we
had
to
wait
for
the
developer,
to
develop
the
parks
and
when
you
think,
about
port
royal
and
what
we
have
with
the
cypress
wetlands
and
how
we
use
that
with
the
schools
and
the
schools
come
out
there.
R
Now
we're
going
to
be
connecting
that
to
what's
going
on
along
the
sands
beach
and
what
happens
there
with
the
with
the
shark
teeth,
findings
and
everything
that
goes
on
there,
we're
connecting
all
of
our
open
land
so
that
it
benefits
everybody,
the
school
kids
that
are
in
our
town
and
the
people
that
come
to
that
town.
So
we
we
thank,
you
we're
glad
to
have.
We
really
were
thinking
about
the
really
big
check
and
presenting
it
in
the
photo
the
whole
bit
yeah.
Would
they.
They
talked
us
out
of
that.
R
But
you
know
once
this
new
agreement
came
in
place
and
things
started
happening
lawrence
and
van,
and
I
sat
down
to
talk
about
so
we
have
to
figure
out
what's
happening
and
one
of
the
things
we
realized
right
away
is
you
owe
we
owed
you
the
money,
and
we
wanted
to
get
to
that
point
as
quick
as
possible,
return
that
so
that
you
can
understand
how
we're
going
to
move
forward
and
get
this
project
moving.
We're
very
excited
17
years
he
said
a
long
time,
17
years
to
sell
that
board.
R
A
B
B
You
have
the
based
on
the
current
assessed
value
of
1.7
million,
and
this
includes
the
recent
sale
at
20.5
million
and,
as
I
recall,
assessed,
values
and
tanya
can
correct
me.
If
I'm
wrong
can
only
increase.
I
think
it's
a
total
of
about
15
percent
over
five
years
on
property,
but
then,
once
it's
sold,
there's
a
readjustment.
Why
isn't
the
readjustment
here.
Q
There
is
that
that
is
only
showing
the
va,
the
tax
values
associated
with
the
sale
for
the
safe
harbor
property.
So
there's
not
a
ton
of
other
development,
there's,
probably
another
million
dollars
worth
of
market
value
property
in
the
area,
so
those
numbers
are
kind
of
a
rough
approximation
because
they're
forward-looking.
Q
But
yes,
so
the
the
the
15
only
applies
to
property
that
is,
has
not
been
substantially
renovated
or
had
a
subsequent
sale.
So
this
is
just
making
the
assumption
at
just
the
safe
harbor
purchase
price.
What
is
going
to
be
generated
off
of
that
sale?
Okay,
I'm
sorry.
O
H
I'd
like
to
extend
an
invitation
to
every
board
member
here
to
come
to
port
royal
and
to
walk
around,
and
you
will
see
that
the
utilization
of
these
dollars
for
the
tiff
will
benefit
our
students.
It
will
benefit
our
families,
the
the
roads,
the
infrastructure,
everything
that
mr
flynn
was
just
talking
about
that
mayor.
Devito
was
talking
about
and
manager
van
willis
in
the
back
there.
I
fully
support
this
tif.
H
I
I
ask
for
everyone's
support
of
this,
and
so,
mr
flynn,
let
me
ask
you,
with
the
redevelopment
plans
with
safe
harbor
that
are
undergoing
and
underway.
Q
We
think
a
reset
is
necessary
for
no
other
reason,
then
we
are
trying
to
capture
the
vertical
growth
and
hopefully
be
able
to
pay
it
off
quicker
and
so
again,
that's
part
of
the
discussion.
You
know
I'd
like
to
say
here
standing
today
that
we
just
need
we've
added
another
10
years.
It
may
not
take
that
as
we
see
what
their
development
plans
are
and
what
the
infrastructure
needs
are
going
to
are
going
to
cost.
Q
Remember
those
numbers
are
10
years
old
at
this
point,
and
so
the
water
and
sewer
infrastructure
is
more
expensive.
The
road
infrastructure
is
more.
Q
The
park
infrastructure
is
more
expensive,
and
so
we
really
need
to
get
back
with
our
consultants
and
talk
with
the
development
team
to
figure
out
what
needs
are
there
to
be
able
to
start
working
out
numbers
to
be
able
to
start
projecting
things
out,
and
so,
as
we
start
seeing
the
way
the
revenues
are
going
to
come
in
line.
We
know
kind
of
the
baseline
that
we've
now
established
a
benchmark
based
on
the
sale
of
the
property,
but
we
also
don't
know
how
quickly
those
vertical
assets
are
going
to
get
put
in
place.
Q
You
know
eight
seven
six
years
left
on
the
tiff,
which
is
just
not
going
to
be
enough
to
leverage
up
to
be
able
to
get
to
the
number
we
need,
and
so
our
goal
is,
is
to
ultimately
identify
what
is
the
grab
bag
of
public
projects?
That
is
needed,
start
really
working
on
that
list
and
then
come
back
with
a
much
more
formal
proposal
to
you
where
we
say:
here's
what
we've
worked
out.
We've
worked
with
our
financial
staff.
We've
worked
with
the
development
team.
We
work
with
your
staff.
Q
H
I
would
definitely
look
forward
to
continued
communication
and
what
this
new
plan
will
be
and
again,
fellow
colleagues,
this
is
crucial,
a
crucial
partnership
with
port
royal,
because
you
will
see
a
direct
result
that
benefits
our
families
and
our
students
within
the
town
of
port
royal.
Thank
you.
I
I
So
this
is
an
investment,
and
I
can't
see
you
know.
I
look
every
day
in
beaufort.
I
see
all
these
snowbirds
going
back
and
forth
in
their
yachts
between
florida
and
the
northeast
and
there's
no
place
to
stop
the
beaufort.
Marina
is
at
capacity
there's
no
transient
place
to
stop
and
we're
halfway
between
and
these
yachts
are
going
around
there
at
a
no
wake
zone.
I
They
should
be
stopping
in
the
beaufort
area
and
they're
going
right
by
us.
That's
that's
a
commercial
opportunity.
It's
going
to
be
tremendous,
and
that
brings
in
more
marina
support,
mechanics
maintenance,
restaurants,
shops
and
so
on.
That's
going
to
happen,
and
we
will
benefit
from
that
from
the
tax
revenue
that
that
will
generate
this
is
this
is
a
no-brainer
as
far
as
I'm
concerned.
Q
To
follow
up
on
that
point,
obviously
the
marina
is
a
fully
commercial
operation.
So
it's
all
six
percent
property
and
that's
that's
a
really
valuable
pool.
R
And
and
and
you're
absolutely
right
and
one
of
the
things
a
lot
of
people
don't
realize
is
the
depth
of
the
port.
That's
there.
If
you
have
noticed,
there's
been
two
cruise
ships
there
for
almost
two
years.
We
are
one
of
the
deepest
natural
ports
along
the
east
coast
that
the
other
mariners
in
the
area
cannot
take
the
size
of
the
ships
that
can
come
through
here
and
we're
not
talking
about
a
cruise
line.
R
But
we
are
talking
about
snow
birds,
larger
vessels,
safe
harbor
is
absolutely
looking
for
this
to
be
where
larger
vessels
can
come,
spend
some
time
have
minor
maintenance
done,
light,
maintenance,
upfit
and
then
head
on
back
as
well,
so
you're,
absolutely
right.
It's
it
ends
up
being
port
royal
and
harbor
town
mariners
that
can
take
those
vessels
so
we'll
see
where
they
choose
to
come,
because
I
think
they'll
choose
port
raw.
J
Yeah
I
just
want
to
I
agree,
and
I
defer
to
my
colleagues
that
understand
the
situation
I'm
on
hilton
head,
I
would
say
my
biggest
concern
with
hilton
head.
The
reason
I
made
this
point
to
the
town
of
hilton
head
is
we've.
If
you
focus
so
much
on
bringing
in
industry-
and
you
don't
have
you-
people
can't
afford
to
live
there,
we're
we're
bringing
so
many
retirees
to
this
area
and
retirees
are
great.
I
hope
to
be
one
but
they're
high
needs
and
low,
and
you
know
they
don't
bring
a
lot
of
investment.
J
So
particularly
as
someone
in
the
medical
area,
we
don't
have
nurses,
we
don't
have
doctors.
So
what
I
worry
about
is
when
you
guys
are
looking
at
this.
I
think
it's
a
great
idea
fully
on
board,
but
make
sure
we
balance
the
that
the
people
who
live
full-time,
the
mechanics,
the
nurses,
the
teachers,
that
we
need
that
they're
not
shoved
out
by
making
high-end
amenities
that
attract
tourists
and
retirees,
because
I
think
that
is
the
mistake
that
hilton
head
is
on
the
verge
of
making.
R
We
brought
in
a
wooden
a
wood
shop
into
port
royal
now
that
took
over
our
shed
param
woodworks,
and
that's
one
of
the
reasons
why
he
came
here
because
he
makes
the
fine
cabinetry
that
com
times
goes
in
the
boat
and
he's
a
local
owner,
and
those
are
the
things
that
we're
going
to
see
and
that's
what
we're
doing
you
know.
R
Port
royal
has
always
been
known
as
the
you
know,
the
working
men's
community
and
we're
absolutely
staying
that
way
in
that
way
and
with
the
houses
that
we
have
so
you're
right,
and
that
is
our
goal.
You
know
our
motto
is,
you
know
far
from
ordinary,
you
know
cool
coastal
and
far
from
ordinary
and
we're
going
to
stay
that
way
in
that
way,.
Q
The
other
thing
I
would
also
mention
is
the
interconnectivity
of
this
development
with
sans
beach
and
the
boat
ramp.
That's
already,
there
is
probably
one
of
the
most
utilized
boat
landings
in
the
entire
county,
and
so
with
the
inter
connectivity,
with
the
marina
we're
still
working
through
what
that
exactly,
because,
if
you're
going
to
have
a
potential
commercial
boat,
construction
area
or
mechanics
area,
we
need
some
type
of
flyover
to
be
able
to
make
sure
that
interconnection
works.
C
Thank
you,
mr
chair.
I
was
just
gonna
kind
of
follow
along
with
ingrid
there
again
on
the
residential
component
of
this.
I
know
we
talked
about
commercial.
What
type
of
residential
communities
or
buildings
could
be
put
in
that
space?
Are
we
talking
apartments,
single-family
homes
there.
R
There
is
in
the
development
agreement,
there
are
room
that
apartments
could
be
built,
but
that
is
not
their
intention.
It's
just
part
of
the
way
the
zoning
has
to
be
to
do
the
activities
that
they're
doing
they
have
no
intentions
of
doing
that,
and
that's
in
the
section
of
it
where
that
they
are
going
to
be
using
that
for
the
mariner
and
for
the
support
of
the
mariner,
so
I'm
fairly
comfortable
to
say
that
there
is
a
bluff
neighborhood.
R
That
neighborhood
does
have
deep
water
access
for
about
nine
or
ten
lots,
so
those
are
going
to
be
an
upper
end
and
then
it
comes
into
the
normal
houses
as
you
get
away
from
that
bluff.
Neighborhood
total
homes
in
that
area
is
only
about
80
to
90
according
to
how
they
end
up
doing
the
property.
So
there's
not
a
lot
of
homes
in
there.
What
it
is
doing
and
what
we're
seeing
is
the
redevelopment
all
of
all
the
existing
lots.
R
There
was
a
lot
of
land
in
port
royal
that
was
not
built
upon
that
is
now
starting
to
be
built
upon,
and
it
is
your
average
home
that
we're
seeing
in
in
our
area.
There
is
going
to
be
a
small
commercial.
R
We
don't
know
what
they're
going
to
do.
There's
a
section
between
if
you
know
the
area
fish
camp
and
where
the
dock
is
there's
a
section
in
there
it's
been
called.
You
know
the
heart
of
the
watermelon.
It's
been
called
different
things,
we're
not
certain
what
they're
going
to
do
there.
The
development
agreement
does
allow
them
to
do.
They
can
do
residential,
they
can
do
commercial.
R
We
think
it's
going
to
be
some
amenities
for
the
docks,
because,
if
you
think
about
some
of
the
the
boats
that
are
going
to
come
in
here,
the
crew
actually
leaves
the
boat
while
things
are
done
and
they
they
need
some
place
to
stay,
so
that
may
be
some
small
homes
and
apartments
that
they
can
use,
plus
some
amenities
along
with
that.
But
what
we're
doing
with
the
tif
dollars
is
enhancing
the
access
for
all
of
the
rest
of
port
royal.
Enhancing
the
parks
is
what
the
city
side
is.
R
The
downside
is
doing
with
that
money
to
enhance
the
reason
for
people
that
have
always
wanted
to
be
in
port
world
to
stay
and
for
all
so
you're
right.
We're
going
to
be
looking
closely
we're
also
working
very
closely
with
all
of
the
governmental
agencies
on
how
do
we
deal
with
this
issue
of
either
affordable
housing
or
available
housing?
However,
you
want
to
describe
that
term.
It's
something
that
the
town's
very
much
involved
with
as
well
and.
Q
A
Okay,
let's
just
get
one
more,
mr
smith,.
K
Also
in
in
terms
of
what
miss
ingrid
said,
mrs
bill
wright
said
I
definitely
do
agree
with
that,
but
also
in
terms
of
when
you
were
speaking
in
mexico.
You
said
that
also
that
we
had
some
unuses
that
under
utilization
do
you
want?
Would
you
speak
to
that
for
a
second.
Q
K
Right,
right
and
and
and
and
so
that
when
someone
was
saying
that
what
one
of
the
one
of
my
concerns
is
just
speaking
to
both
of
their
points
is
that.
K
I've
have
talked
to
people
about
living
in
that
area
and
as
well,
and
you
know
saying
that
it
would
be
affordable,
and
then
I
started
to
look
at
myself
and
I
noticed
that
the
cost
of
living
in
part
royal
is
going
up.
So
if
we
start
to
cater
towards
the
a
the
class
of
people
that
who
are
more
high-end,
then
we
we,
we
definitely
won't
be
able
to
fill
that
school
up
and
we
won't
be
able
to
get
the
people
in
that
area
to
help
us
out
in
terms
of
taxes
as
well.
Q
Well
taken,
and
I
think
that
at
the
end
of
the
day,
it
gets
back
to
the
mayor's
point
of
building
assets
with
the
public
dollars
that
are
community
connection
assets
and
so
things
that
young
families
do
want
to
move
into
the
area
and
stay
there
and
have
jobs
that
you
know
they
obviously
can
work
without
having
to
to
to
drive
all
across
the
county.
That's
that's,
ultimately
the
goal,
but.
K
And
just
to
bring
you
tomorrow,
my
question
would
be
who,
where,
when
why
and
how
and
what
would
that
look
like
and
is
there
a
plan
into?
Is
there
is
there
planning
action
to
make
that
happen
towards
having
more
having
more
of
the
young
family
there
and
starter
starter
families?
Is
there
something
that
that
we,
this
is
there
already
in
existence
for
that.
R
Well,
the
who,
what
when,
where
and
why
for
the
tiff,
as
you
heard,
we'll
be
coming
back
to
you
on
that
aspect.
As
far
as
what
you're
talking
about
now
is
really
more
of
an
issue
of
how
the
town
is
trying
to
position
themselves
for
those
younger
families
and
if
you
think
about
what
the
town
has
done
over
the
past,
even
look
at
10
and
15
years
out
with
the
skate
park.
That
is
fully
owned,
operated
and
supported
by
the
town
of
port
royal
budget.
But
it
is
a
regional
park
that
brings
the
children
there.
R
What
we've
done
at
the
cyprus
wetlands
20
years
ago,
with
the
investment
there
of
millions
of
dollars
to
create
the
the
bird
sanctuary?
That's
there
that
lots
and
lots
of
families
use
constantly
walk
and
learn
and
educate
what
we've
done
with
the
heritage
park
along
the
river
and
what
we're
doing
with
the
reconstruction
era,
to
bring
the
history
of
what
port
royal
has
always
been
to
each
and
every
person
and
have
that
available
to
them
every
day
to
learn
and
experience
and
the
way
we
treat
our
town
as
a
walking
community.
R
Where
you
come,
you
walk.
You
spend
time
the
way
we
deal
with
the
ability
to
just
get
up
walk
to
school.
There
are
families
who
are
starting
to
realize,
especially
at
four
plus
dollars
gas.
Do
I
really
want
to
start
having
to
shuffle
my
children?
It's
a
great
school,
it's
a
school
of
choice,
and
maybe
I
just
want
to
live
there,
so
they
can
walk
to
that
elementary
school,
so
you're,
absolutely
right,
misfit,
that's
something
we
work
and
talk
about
all
the
time
is:
do
we
want
to
keep
port
royal,
what
it's
always
been?
R
O
I
was
told
that
they
are
going
to
be
removing
one
of
the
mobile
home
parks
in
port
royal.
Do
anything
about
that.
R
D
H
R
O
R
Sunset
earlier
than
they
are
going
to
naturally
happen,
there's
nothing!
There's
nothing
in
place
to
do
that.
They're
there
they're
grandfathered
in
they
can
remain
there
under
the
conditions
they
are
during
the
tornado
that
came
through
port
royal
last
year.
We
had
an
existing
mobile
home
in
our
town
that
was
damaged
by
a
tree.
Gentleman
was
that
that
mobile
home
has
been
replaced
with
another
mobile
home,
because
what
we
have
in
place
allows
that
to
happen
in
a
natural
disaster.
The
currents
thank.
O
K
Well,
I
mean
my
question
is
as
simple
as
this:
no
I
I
definitely
did
hear
the
same
thing,
but
my
question
is
that
this
important
time
do
you
have
anything
in
place
that
said
that
that,
from
here
on
out
that
you
cannot
allow
mobile
pox,
I
mean
mobile
homes
to
come
into
the
town
of
port
raw.
R
That
is
correct.
Mobile
homes
cannot
be
developed
in
the
town
of
port
royal
existings
can
remain
the
same
that
the
same
as
the
other
municipalities
in
the
area.
You're
right
in
that
aspect,
you
can't
build
a
mobile
home
park
in
the
town
of
port
royal.
You
can
build.
There
are
other
things
that
can
be
built,
but
not
that.
R
R
Existing
mobile
home
parks
can
be
developed
as
mobile
homes.
We
have
a
couple
of
parcels
of
land
that
are
mobile
home
parks
that
don't
have
mobile
homes
on
them,
but
because
they've
kept
that
designation,
they
can
put
them
there.
You
can't
take
a
green
field
right
now
and
subdivide
that
and
build
it.
A
mobile
home
park
and
portal.
K
R
K
Are
you
gonna
catch
me
now?
I
think
it
is
relevant
because
of
the
fact
that
they're
also
they're
they're
saying
that
they
want
us
to
grant
them
some
grace
and
also
do
a
tif,
and
so
the
my
question
to
you
in
making
my
decision
is
grain
and
grace
are
they?
Are
they?
Are
they
granting
the
younger
generation
grace?
Because
I
think
that
I
have
the
right
to
if
we
take
a
vote
on
this
to
figure
out?
Which
way
do
I
do
I
want
to
vote,
I
mean
I.
I
want
to
be
consistent.
A
A
You
know
we're
a
long
way.
Okay,
we
can
have
this
conversation
again
when
it's
time
to
vote
on
something
and
that's
pretty
much
the
way
I
was
going
to
sum
this
up.
There
is
no
action
item
right
now
for
the
board.
Okay,
when
it
becomes
an
action
item,
I'm
sure
there'll
be
a
recommendation
from
the
administration
and-
and
we
will-
you
know,
work
off
of
that.
Well
that
I
thank
you
for
that
clarification.
Okay,
thank
you.
Thank
you.
Thank
you.
Thank
you.
A
Okay,
let's
take
a
break
for
a
group
photo
if
every
is
everybody
capable
of
smiling
okay,
okay,
but
we'll
take
it
for
the
photo
and
then
a
10
minute
release
break
so
people
can
go
to
the
bathroom.
E
Another
introduction
to
make
we
are
going
to
be
discussing
the
a
budget
update
for
the
22
23
school
year.
I
have
to
say
that
it
is
rather
brief
because
we
have
not
received
information
yet,
but
I'm
gonna,
I
will
not
steal
the
thunder
of
our
next
speaker
and
that
is
jennifer
hamblin.
She
is
our
director
of
procurement,
budget
and
procurement,
so
jennifer's
been
with
us
about
a
year
now
and
a
little
over
a
year
and
has
been
doing
a
wonderful
job
getting
into
the
details
of
the
budget
which
we're
actively
working
on.
M
M
We
have
completed
our
enrollment
projection
for
fy23
school
year,
22-23
that
enrollment
projection
drives
several
of
the
starting
processes
for
the
budget
process,
that
being
our
out
school
allocations
of
non-salaried
operating
cost
funds
and
as
well
as
it
begins
our
staffing
conversations
regarding
what
we
are
anticipating
for
fte
needs
for
the
schools.
Those
have
been
completed.
M
We've
had
staffing
meetings
with
all
of
our
principals
to
to
discuss
their
needs
and
we
have
received
back
both
the
school
allocation
information
and
the
department
requested
funding
for
non-opera
up
for
non-salaried
for
operating
costs
back
and
those
are
currently
being
put
into.
Our
budget
module
in
preparation
for
the
next
steps
within
our
budget
process,
so
coming
up
will
be
primarily
our
revenue
component
of
develop
budget
development
and
our
salary
and
benefits
component,
which
are
the
which
is
basically
the
largest
bucket
of
expenditures
we
have
in
our
budget.
M
I
did
want
to
share
with
you
this
year.
We
had
the
opportunity
I
was
kind
of
tasked
with
the
the
opportunity.
Tanya
brought
some
information
forward
to
me.
We
wanted
to
make
sure
in
our
staffing
conversations
that
we're
taking
into
account
a
waiting
index
so
that
we
could
develop
a
model
to
follow
that
would
allow
for
our
school's
core
instruction
or
our
teachers
to
be
based
on
a
allocation
methodology.
M
So
we
developed
a
weighted
staffing
model
and
what
this
model
did
was.
It
took
our
45
member
enrollment
information
that
came
from
the
state
department
of
education
and
it
also
looked
at
our
pupils
and
poverty
information
and
we
developed
a
waiting
factor
for
each
of
our
schools.
M
So
and
then
we
developed
a
metrics
for
what
would
be
deemed
as
a
non-poverty
non
high
poverty
school,
a
high
poverty
school
and
a
very
high
poverty
school
and
those
metrics
were
were
used
to
drive
staffing
conversations,
55
percent
and
55
percent.
75
percent
is
what
we
are
calling
we're
going
to
deem
as
a
high
poverty,
school
75
percent
and
greater
is
a
very
high
poverty
school
and
anything
below.
55
percent
is
considered
non
non-poverty.
M
This
kind
of
aligns
with
our
title
one
allocations
so
that
we're
seeing
some
similarity
and
and
making
sure
that
the
schools
that
have
the
greatest
needs
are
are,
you
know,
have
alignment
with
the
weighted.
So
with
the
weighted
staffing
model
we
developed
that
percentage
for
each
school
and
then
we
developed
the
model
and
that
is
going
to
be
on
page.
Five
is
the
first
model
rubric
and
that's
for
an
elementary
school.
When
we
start
our
staffing
conversations,
the
district
has
established
a
base
staffing
model.
So
basically
that
is
a
student-teacher
ratio.
M
That
is
the
acceptable
number
that
the
district
has
approved.
What
the
weighting
staffing
model
did
was
it
took
that
poverty
index
and
it
adjusted
that
base
standard
for
the
poverty
index.
So,
for
example,
I'm
going
to
look
on
page
five.
If,
if
you're
looking
at
a
first
grade,
student-teacher
ratio,
we
have
a
22-1
is
our
base
standard.
M
When
you
move
into
the
high
poverty
category
greater
than
55
percent,
we
reduced
that
by
two
ft
two
of
students,
so
it
went
from
a
22
to
one
to
a
20
to
one,
then,
with
the
very
high
poverty
we
reduced
it
again
by
2,
so
it
went
to
from
a
22
to
1
as
our
base
now
we're
at
a
18
to
1..
So
what
that
does
is
that
allows
more
ftes
in
the
building
for
those
schools
that
have
a
higher
poverty
index?
M
So
I'm
just
going
to
let
you
breeze
through
these
models
are,
for
you
know,
for
your
information.
Kindergarten
in
elementary
schools
were
a
little
bit
more
laid
out
because
of
their
scheduling
and
the
way
that
those
ftes
work
for
middle
and
high
school.
M
It
works
a
little
differently.
Their
scheduling
model
works
a
little
differently,
so
we
had
to
make
sure
we
put
in
a
planning
adjustment
for
those,
so
the
the
same
methodology
was
put
into
place,
but
the
variance
varied
a
little
bit
because
of
that
planning
period.
So
it
was
every
for
every
poverty
index.
We
reduced
by
two
additional
student
teacher
ratios.
M
M
Yes,
sir,
that
that
will
be
coming
later,
I'm
just
explaining
today
the
methodology
that
we
used
in
our
staffing
process
as
we
develop
as
the
budget
is
continues
to
be
developed.
That
information
will
come
forward.
I
will
tell
you
that
the
impact
we
had,
I
think
we
have
eight
or
nine
very
high
poverty
schools.
Those
schools
saw
fte
changes,
increases
to
accommodate
for
that
poverty
index.
O
D
M
M
O
I
guess
this
would
go
to
dr
rodriguez.
Are
we
looking
at
putting
the
highly
qualified
teachers
in
some
of
these?
These
areas.
S
That
is
one
of
the
items
we're
actually
working
on
on
a
you
know,
strategy
and
an
incentive
around
trying
to
do
some
of
that.
Yep.
H
Thank
you,
dr
rodriguez,
and
your
staff.
Thank
you.
This
is
something
that
we've
been
looking
for,
as
regarding
this
ratio
teacher
student
ratio,
especially
for
our
high
poverty
schools.
So
I
appreciate
that.
My
question,
though,
is:
could
you
just
elaborate
a
little
bit
on
how
in
the
elementary
school,
you
did
not
take
a
planning
period
into
account,
but
you
did
for
middle
and
high.
I'm
not
sure.
I
understand
that.
M
It
depends
on
their
it's
their
scheduling,
so
those
schedules,
those
students,
don't
change
classes,
and
so
the
planning
period
is
already
built
into
the
number
of
ftes
for
element
for
middle
and
high
those
those
students
move
from
teacher
to
teacher.
So
this,
the
master
scheduling,
is
a
little
different,
so
we
have
to
make
sure
that
there
are.
Is
it
a
three
period
and
three
four
ton
you're
right
four-period
day
and
they
one
of
those
periods
they
get
a
planning.
H
Right
so
I
just
want
to
make
it
very
clear
to
anybody
might
be
listening.
We
do
know
and
we
make
sure
that
our
elementary
school
teachers
do
get
a
planning
period.
K
K
And
can
you
can
you
tell
me
when
exactly
is
that
planning
period.
S
S
You're
trying
to
figure
out
what
constitutes
the
planning
period
like
when
would
it
come
so,
for
example,
if
students
might
be
going
to
their
specials
right,
then
then
they're
with
their
specialist
teacher
at
that
time,
right,
right
and
so
they're
they're,
their
teacher
may
have
a
planning
period
at
that
time.
Right.
K
And
and
what
I'm
trying
to
understand
that
teachers
and
teachers
said
that
yeah
they
get
the
kids
go
to
specials,
but
when
they
go
to
special,
they
have
to
run
out
of
papers
all
they
have
or
they
have
like
meetings.
And
I'm
just
trying
to
just
trying
to
figure
out
trying
to
figure
out
is
this.
That
is
that
you
know.
K
S
That
was
being
fair
across
the
board,
so
let
let's,
let's
just
pause
for
a
minute
and
and
recap
a
little
bit.
I
think
it
might
help
one
as
we
look
at
this
current
year.
Right
quarantines
absences
all
these
sorts
of
things
in
order
to
have
schools
operational
for
face-to-face
instruction,
our
teachers
did
a
tremendous
job.
S
And
essentially,
you
know
often
times
they
covered
classes
right.
That's
that's
the
reality
of
the
operational
matter
during
okay.
S
Often
times
all
of
our
teachers,
whether
you're
at
the
elementary
level
middle
school
level
or
the
high
school
level
as
an
example,
if
there's
an
iep
meeting
for
a
student-
and
they
need
teacher
participation
in
that
iep
meeting
in
order
to
help
students
make
sure
that
they've
got
the
right
academic
plans,
then
then
that's
part
of
something
that
our
teachers
attend
is
it's
may
not
be
every
day
you
know,
but
but
if
they
have
a
student
with
disabilities,
that's
part
of
what
they
might
do.
S
We
have
we've
spoken
a
lot
to
the
board
around
professional
learning
communities
and
those
meetings
aren't
every
day.
But
there
are
days
in
the
week
when
they
may
have
a
professional
learning
community
during
a
particular
planning
time,
because
the
whole
grade
level
is
on
planning
at
that
time
and
during
that
is
where
they
focus
on
planning
for
the
instruction
that
they're
delivering
based
on
student
data,
that
they're,
seeing
and
and
that
sort
of
thing.
So
it's
not
every
day,
but
I'm
assuming
that's
what
you're
hearing.
K
And
I
mean-
and
I
do
understand
and
under-
and
I
appreciate
them
as
well
as
everything
you
just
stated,
but
I'm
just
I
mean
even
when,
even
when
we
get
back
to
the
to
the
norm,
I
still
want
to
make
sure
that
there's
that
there's
time
for
elementary
school
teachers
to
use
the
bathroom
and
do
different
things
and
get
didn't
get
different
breaks.
That's
you
know,
even
if
it
costs
the
district
more,
I
think
it's
worthwhile.
K
M
Thank
you,
okay,
so
the
slide
number
seven
is
the
next
topic
I'm
going
to
talk
about,
and
this
is
our
proposed
state
budget
mandates
that
we
are
getting
the
information
from
the
state
legislature
and
the
financial
impacts
of
those.
These
are
items
that
we're
looking
at
as
we're
developing
our
salary
and
benefits
projections
and
the
impact
it
will
have
on
our
fy23
budget,
so
just
want
to
review
those
quickly
with
you
all.
The
first
is
the
four
thousand
dollar
proposed
four
thousand
dollar
state
minimum
salary
increase.
M
I
want
to
emphasize
that
that
is
a
state
minimum
salary.
That
means
that
currently,
our
state
minimum
salary
is
thirty,
six
thousand
dollars
this.
The
legislature
is
proposing
to
bring
that
up
to
forty
thousand
dollars
that
will
have
a
financial
impact
on
school
districts
and
we
have
estimated
that
that
will
have
about
an
8.8
million
dollar
increase
of
expenditures
to
our
fy
23
budget.
M
As
normal,
we
will
have
our
annual
step
increase
and
that
will
compose
about
a
million
1.6
million
the
also
they
are
proposing
a
five
percent
increase
for
bus
drivers
again
this
year,
which
will
be
about
three
hundred
thousand
a
one
eighteen
point:
one
percent
increase
on
the
employer
portion
of
our
health
insurance,
which
constitutes
about
1.6
million
dollars.
So
looking
at
just
the
state
mandates
alone,
we
are
looking
at
approximately
12.3
million
dollars
in
anticipated
expenditures
just
from
state
mandates.
That
does
not
constitute
additional
requests
from
the
district
that
does.
M
That
is
just
what
we're
anticipating
the
state
to
to
impose
upon
us
as
mandated
budget
items
again.
This
is
proposed.
Legislature
has
not
finalized,
but
just
so
that
you
all
are
aware.
These
are
some
pretty
hefty
tickets
that
they're
they're
they're
putting
on
us
so
and
with
that,
my
portion
of
the
presentation
is
done.
Thank
you
very
much
for
your
time.
O
M
E
Thank
you
for
the
lead
in
mr
campbell,
that
is
perfect,
perfect
timing,
actually
my
portion
and
today
and
and
and
I
recognize
that
we're
not
bringing
you
solid
numbers
and
solid
summaries
and
perk
per
school
ratios
and
that
sort
of
thing
today
we're
still
in
the
in
the
heat
of
gathering
information
from
the
state
which
we
have
virtually
received.
E
Not
we
don't
have
very
much
information,
yet
we're
actually
we're
supposed
to
receive
some
today
and
we're
also
actively
the
the
staff
is
actually
working
diligently
on
putting
all
the
salary
and
benefit
projections
in
and
the
other
contracts
and
other
expenditures
as
well,
so
we're
still
putting
everything
together
and
then
we're
going
to
balance
the
revenues
and
the
expenditures
and
see
what
we
have
and
summarize
those
for
the
next
meeting
and
which
is
scheduled
april
22nd.
E
So
we're
bringing
you
an
update
of
kind
of
what
what
the
processes
and
the
models
that
we're
using
to
build
that
budget.
That's
really
all
the
information
we
have
before
us
today,
so
the
new
proposed,
the
governor's
education
funding
model
involves
it's
designed
to
simplify
the
funding
of
education,
education
funding
through
a
comprehensive
funding
model
and
it's
labeled
the
aid
to
districts
or
aided
classrooms
program.
E
Now
that
is
a
funding
allocation,
not
a
what
they
actually
intend
for
the
class
sizes
to
be
so
they
out.
I
guess
they
redistributed
based
on
what
I
expect
is
that
they
had
us
a
finite
dollar
amount
and
they
backed
into
that
number.
Basically,
that
that
was
the
the
staffing
level
that
funding
level
that
they
were
able
to
provide
allocations
for
every
district
within
the
budget.
E
Factors
that
they
used
were
the
statewide
number
of
teachers
needed
to
serve
the
estimated
students
based
on
a
number
of
11.2,
the
average
cost
of
a
teacher
and
the
average
teacher
that
they
use
the
state
minimum
salary
schedule
for
teachers
with
a
master's
degree
and
12
years
experience,
which
would
be
an
average
teacher
salary,
and
then
they
combined
multiple
funding
sources.
They
combined
its
combined
efa
efa,
two
pots
of
efa
in
the
general
fund
and
four
sources
of
funds
in
the
eia
funds.
E
Now
we
currently
transfer
two
of
those
directly
into
the
general
fund
to
pay
for
teacher
salaries,
but
there
are
two
additional
funds
that
we
had
not
previously
done
that
and
that
is
the
at
schools:
eia
students
at
risk
of
school
failure
here
on
slide,
nine,
the
down
third
bullet
point
and
the
second
sub
bullet
point
there
and
the
aid
to
districts
funding
as
well,
and
we
use
those
funds
to
fund
on
on
a
non-esser
funds
year.
E
We
would
typically
spend
those
to
make
pay
for
after
school
programs
and
summer
school
and
some
and
to
supplement
the
summer
reading
program.
So
those
are
sources
of
funds
that
we
would
typically
use
and
there
are
several
stat
teachers
in
those
funds
on
a
daily
basis
as
well,
that
are
funded
from
those
programs.
Those
would
now
all
four
funds
would
now
be
rolled
into
the
general
fund,
and
so,
as
a
result,
the
the
distribution
on
those
funds
typically
are
a
70,
30
percent.
E
Local
is
the
formula
we
know
that
buford
gets
about
24
percent
of
of
the
efa
funds
24
of
the
state
share
of
the
efa,
but
we
typically
get
closer
to
100
percent
of
eia
funds,
so
them
being
rolled
together
anytime
eia
funds
are
rolled
into
the
index
of
tax,
paying
ability,
formula
or
any
other
source
of
funds
for
that
matter.
Beaufort
will
lose
in
that
formula.
E
So
that
is
the
key
to
this.
This
is
all
relatively
complicated,
but
that's
the
that's.
The
key
eia
or
any
other
sources
that
roll
and
are
connected
to
the
index
are
are
due
to
buford's
perceived
wealth
at
the
state
level.
Through
the
index
of
tax,
paying
affordability
formula
will
lose
funding
so
the
next
slide.
E
I
I'm
not
certain
if
you
all
received
a
copy
of
the
state's
education
funding
model.
I
can
certainly
get
that
out
to
each
of
you.
I
believe
the
school
board
association
may
have
did.
Did
they
send
that
to
you
a
copy
of
the
powerpoint
document?
It
doesn't
sound
like
it
doesn't
seem
like
it.
So
I
will
send
that
to
you.
E
It's
relatively
complicated,
but
you
will
see
some
of
the
same
information,
but
it
does
list
every
school
district
and
what
the
calculations
came
about,
and
so
the
current
funding
model
for
beaufort
they
designated
that
we
were
receiving
state
funding
in
the
amount
of
41.8
million
dollars
through
the
those
the
general
fund
dollars
and
those
through
the
current
general
fund
dollars.
E
The
proposed
funding
model
actually
had
you
for
losing
1.2
million
dollars,
and
so
in
this
funding
model,
five
districts
across
the
state,
I
believe
of
80
districts-
were
negatively
impacted
by
this
new
formula
and
beaufort
being
one,
and
so
the
state
proposed
to
hold
harmless
districts.
That
would
be
negatively
impacted
by
this
formula
so
that
a
hold
harmless
typically
is
a
one-year
proviso
and
would
have
to
be
defended
by
our
legislative
delegation
and
and
to
provide
continuously
provide
that
whole
harmless
dollar
amount.
E
It's
actually
a
source
of
funds
that
come
to
us
called
hold
harmless,
but
it
would
have
to
be
defended
annually
at
during
budget
time,
which
does
shift
some
focus
away
from
other
bills
that
are
occurring.
You
know
in
the
in
the
legislative
process.
So
not
necessarily
it's
good
news
that
we
are
held
harmless.
E
It
may
be
a
little
bit
of
work
for
our
legislators
to
keep
that
those
dollars
in
there
and
then
the
state
added
in,
I
believe,
an
additional
source
of
funds.
I
think
it
was
a
hundred
million
dollars
of
state
general
fund
money
into
the
funding
model
into
the
state
budget
for
education
in
order
to
help
bring
the
teacher
salaries
from
36
thousand
dollar
minimum
teacher
salary
at
the
state
level
to
40
000..
E
E
So
with
that
miss
hamblin
just
showed
you.
Yes,
sir.
E
Our
estimates
are
the
estimated
effect
on
our
general
fund
would
be
12.3
million
dollars
of
state
mandates
and
we
have
700
000
of
additional
state
funding
to
support.
So
that's
about
96
of
the
cost
would
be
fall
on
the
local
on
the
local
budget,
local
taxpayers
to
fund
those
mandated
increases.
Now
these
numbers
are
very
early
very
preliminary,
but
I
I
was
asked
to
send
earlier
in
the
week
a
a
a
letter,
some
information
to
the
legislative
delegation,
beaufort
county's
legislative
delegation,
and
so
I
met
with
dr
rodriguez.
E
He
looked
over
the
information
and
then
I
wanted
to
make
sure
that
you
all
saw
it
as
well.
I
know
you,
many
of
you
are
closely
connected
with
the
delegates,
local
delegates
and
which
is
wonderful,
so
I
wanted
to
make
sure
you
had
that
information,
so
I
at
the
so
at
the
time
based
on
the
information
we
know.
E
Although
we're
you
know
again
grateful
for
the
whole
harmless
and
the
the
focus
on
teacher
salaries,
it
does
appear
to
have
a
substantial
negative
impact
on
our
budget
and
wanted
to
make
sure
that
the
delegates
knew
because
the
bill
was
moving
through
very
very
quickly
through
past
the
house
and
is
in
deliberations
with
the
senate
and
I
haven't
received.
E
I
haven't
looked
into
the
updates
that
of
the
conversations
this
week.
If
there
are
any
in
this
because
the
senate
has
been
in
session
this
week.
So
my
hope
is
that
the
budget
estimates
that
projections
that
we'll
be
getting
today
will
be
more
favorable.
E
But
I
wanted
to
also
note
that
before
I
sent
the
letter,
I
did
look
into
what
other
districts
were
doing.
The
po
post
and
courier
in
charleston
had
an
article
I
think
charleston
county
school
district
was
being
was
going
to
experience
a
shortfall
of
19
million
dollars.
E
As
a
result
of
this
fort
mills,
school
district
was
going
to
experience
seven
million
dollar
shortfall
greenville
at
least
20
million
dollar
shortfall,
and
so
I
was
beginning
to
hear
things
and
see,
articles
and
actually
letters
written
directly
from
school
boards
and
superintendents
directly
to
their
delegations
in
respective
counties.
And
so
I
knew
based
on
what
I
was
seeing
of
the
dollars
amounts
of
the
shortfalls,
their
anticipated
shortfalls,
that
ours
was
right
in
line
based
on
the
numbers
of
students
we
had
with
theirs.
E
In
fact,
I
we
had
a
meeting
with
some
jasper
county
school
district
representatives
yesterday,
and
it
indicated
to
me
that
even
districts
that
are
higher
poverty
than
beaufort
smaller
in
size
are
also
seeing
they're,
not
seeing
substantial
benefits
from
the
funding
of
this
compared
to
the
excess
costs
that
they
will
be
required
to
spend
as
a
result
of
the
state
mandate.
E
So
my
sense
is
that
that
those
conversations
are
bubbling
up
and
coming
forward
to
our
legislators
and
that
they're
paying
attention
they're
discussing
those
things
and
my
senses,
and
my
hope
is
that
they
there
won't
be
any
rush
to
pass
immediately.
I
know
that
the
once
they
leave
the
senate,
it
will
have
to
go
to
conference
committee
as
well.
I
don't
know
the
timing
of
those
conversations,
but
so
those
are
conversations
we're
continuing
to
have
with
our
legislators.
I.
S
Think
one
of
the
key
points
here
is
that,
even
though
we
are
just
one
of
five
school
districts
that
the
new
funding
formula
is
impacting
with
with
that,
1.2
million
dollar
hit
that
the
real
hit
is
larger
than
that
and
even
school
districts
who
are
benefiting
from
the
new
funding
formula
are
also
getting
hit
at
the
moment
as
well.
Because
of
these
other
items
that
that
tanya's
talked
about
with
that
four
thousand
dollar
increase,
with
the
benefits
that
have
to
be
looked
into,
you
know
worked
into
that.
S
The
whole
picture,
in
our
case
is
12.3
million
in
the
cases
of
others.
So
so
more
than
just
the
five
are
getting
hit
on
this.
O
One
last
topic:
I
don't
have
any
question.
I
just
have
a
comment
and,
mr
chairman,
I
think
we
need
to
sit
down
and
talk
to
the
delegation.
The
whole
delegation-
because
not
only
this
but
they're
they're
talking
about
other
stuff,
that
they're
talking
about
passing
up
in
colombia
and
they
don't
come
and
talk
to
us
about
it.
O
You
know
sure
I
can
talk
to
one
person
on
the
phone,
but
that's
not
what
I
want
to
see.
Why
can't
they
come
and
sit
down
and
talk
to
us
as
a
group
because
they're
getting
ready
to
pass
a
lot
of
bills
up
there?
That's
going
to
affect
everybody
and
they're
talking
about
passing
a
bill
to
to
give
money
to
high
poverty
children,
but
how
does
children
be
able
to
go
to
a
private
school
or
christian
school
if
they
don't
have
no
transportation?
O
O
C
Thank
you
tanya.
My
question
is
in
regard
to
the
when
they
determine
what
our
allocation
is
going
to
be.
I've
heard
a
couple
different
things
and
that
when
it
comes
to
teachers,
salary
component,
they
may
or
may
not
be
including
certain
parts
of
our
supplements
and
cost
of
living
and
and
whatnot.
So
what
things
are
they,
including
when
they're
looking
at
our
base
teacher
salary?
C
E
It
has
state
funding
associated
with
it
through
there's
a
state
base
and
there's
an
eia
supplement
within
that.
So
a
portion
of
the
funding
comes
through
the
education
improvement
act.
We
also
locally
fund
teacher
salaries.
E
The
base
teacher
salary,
the
for
the
bachelor's
in
xero,
is
a
local
supplement
of
1928
dollars
for
beaufort
so
locally.
We
fund
the
base
teacher
salary
supplemented
with
1928
dollars,
so
the
base
right
now
is
36..
E
E
They
will
exclude
teachers
who
are
federally
funded,
so
we
there
is
an
a
system,
a
software
system,
that
human
resources
staff
manages
called
sc
educators.
It's
formerly
called
pcs,
the
professional
certified
sas
system,
or
it's
been
changed
a
few
times
anyway.
We
in
we
update
that
regularly
to
put
the
names
of
all
of
our
teachers
and
categories
of
of
instruction
and
indicate
whether
they're,
federally
funded
or
not,
and
so
that
would
ex
they.
The
state
would
use
that
database
to
exclude
teachers
from
federal
funding
other
so
idea,
funding
title
one.
E
That
sort
of
thing
would
be
the
primary
areas
that
they
would
exclude.
So
in
the
projections
that
I've
made
as
far
as
the
cost
of
the
district,
I
excluded
those
federally
funded
teachers
as
well.
So
I
only
I'm
basing
my
estimates
on
the
general
fund
now
any,
and
so
they
would
only
fund
teachers
at
the
11.2
to
1
ratio.
E
If
we,
if
our
funding
levels,
if
we
had
more
teachers
than
in
their
formula
that
would
provide
for
that
and
paid
them
low
locally,
we
would
be
responsible
for
the
increases
locally.
So
I
I
haven't
actually
seen
the
formula.
I
think
there's
been
a
request
from
the
school
business
officials
association
to
get
some
math
behind
the
details,
math
behind
the
numbers.
To
so
help
us
understand
it
a
little
better,
but
those
are
some
of
the
things
that
are
excluded
so.
E
C
That
was
part
of
the
conversation
that
I
had
with
someone
recently
was
that
the
locality
supplement
is
when
the
state
looks
at
how
much
they're
going
to
give
they
look
at
what
we've
been
giving
and
that,
since
that's
not
considered
a
part
of
what
we've
been
giving
and
it's
not
permanent,
it's
something
that
is,
you
know
renewed
every
year.
What
not
the
reason
they
won't
give
credit
for
that
or
included
in
their
calculations
is
because
it's
not
permanent
was
my
understanding.
E
That
is
my
estimate
at
this
time.
Yes,
sir,
now
some
of
those
there,
so
the
state
would
mandate
teachers
to
to
be
increased,
but
they're
funding
those
that
are
not
federally
funded,
so
these
would
be
an
amount.
Okay.
Let
me
let
me
step
back.
E
The
state
is
increasing
their
base,
teacher's
salary
to
forty
thousand
dollars.
There
is
currently
a
provision
in
state
law
that
does
not
allow
school
districts
to
decrease
their
local
supplement.
So
the
nineteen
hundred
and
twenty
eight
dollars
that
I
was
mentioning
would
not
allow
us
to
just
go
to
forty
based
on
what
we
understand
to
be
current
law.
We
would
have
to
go.
The
full
4000
up
is
what
we
understand.
E
Now
there
could
be
a
a
waiver
of
the
local
supplement
and,
and
my
latest
had
a
a
conversation
or
was
was
given
some
information
from
a
staffer
with
the
legislature
that
there
was
not
an
expectation
that
we
would
fully
that
have
to
be
required
to
keep
that
local
supplement
in
full
that
we
would
only
be
required
to
go
to
40.,
but
I
think
the
expectation
as
as
folks
that
the
information
is
delivered
would
be
otherwise.
So
so,
from
what
we
understand,
these
estimates
are
based
on
a
four
full
four
thousand
dollars.
P
E
Well,
every
cell
of
the
teacher
salary
schedule
is
a
different
supplement,
so
I'd
have
to
think
about
that
for
a
minute.
E
K
Subscribe
to
me
in
in
terms
of
comments
you
made
recently
to
help
to
help
you
to
continue
your
work.
What
are
you
looking
forward
to
from
the
board.
E
We
were
going
to
what
we'd
like
to
do
is
talk
to
you
a
little
bit
more
about
the
student
advisory
meeting
that
we
had
just
a
few
days
ago,
and
then
that
may
lead
to
some
conversations
with
the
board
about
other
areas
of
interest
in
in
having
priorities
or
some
for
the
budget
for
the
upcoming
year.
So
with
that,
I
think
dr.
S
Rodriguez
has
some
comments.
I
think
one
of
the
the
main
things
we're
looking
for
from
today's
conversation,
I
think,
is
really
essentially
to
give
you
the
lay
of
the
land,
as
we
understand
the
lay
of
the
land
at
the
moment,
without
well
understanding
that
you
know,
portions
of
revenue
have
not
been
completely
defined
yet
right
so,
but
we
still
have
to
move
forward
with
our
process
right.
S
So
we
just
want
to
make
sure
that
you
understand
the
implications
of
a
a
new
funding
formula
and
two
any
legislation
requiring
increasing
salaries,
and
all
of
that
I
think
we
all
want
that
right
and
I
think
I've
seen
the
way
that
many
of
you
have
responded
to
many
of
of
our
teachers
that
have
reached
out
regarding
salary
that
that's
a
priority
for
for
us
as
a
as
a
board
and
and
as
a
district
right
and
administrative
team.
S
It's
a
priority
for
us,
and
so
we
just
want
to
as
we
move
into
this
and
we
get
deeper
into
the
budget
piece.
I
think
the
main
thing
out
of
today
is
to
make
sure
you
have
an
understanding
of
the
lay
of
the
land,
as
we
understand
the
lay
of
the
land
at
the
moment.
Okay,
I
think
that's
that's
a
an
important
piece
and
I'll
share
with
you
just
this
week.
You
know
that
I
have
student
advisory
meetings.
S
I
meet
with
students
from
the
high
schools,
across
the
county
and
and
in
those
student
advisory
meetings.
I
usually
do
them
twice
a
year
and
gather
a
lot
of
really
valuable
information
for
for
us
for
the
system
around.
S
You
know
what
students
see
and
identify
as
as
needs,
and
what
are
some
of
the
experiences
that
they
have
that
help
us
also.
S
Well,
this
week
we
did
something
new
as
part
of
a
student
advisory
which,
to
my
knowledge,
hasn't
been
done
here
and
to
my
knowledge
I
don't
know
any
other
place
in
the
country
that
has
done
it,
but
that
is
to
hold
the
session
with
representatives
from
those
student
advisory
groups
from
each
school
regarding
a
budget
process
and
to
give
our
students
a
voice
within
that
budget
process
in
terms
of
identifying
some
of
the
priorities
that
they
see
and
that
they
that
they
identify
themselves
and
needs
that
they
that
they
they
have.
S
I
set
this
stage
by
reminding
everybody
that
you
know
within
school
districts
and
schools,
that
there
are
students
with
a
variety
of
needs
and
that
they
they
should
keep
in
mind
and
think
about
the
needs
of
different
students
within
within
their
schools
as
well
right,
and
so
we
talked
a
lot
about
that
and
we
gave
them
an
opportunity
to
first
brainstorm
individually.
S
Then
broke
them
up
into
groups
that
were
a
mixture
of
students
from
different
schools
and
and
then
had
them,
have
a
collective
conversation
at
their
table
about
what
they
brainstormed
about
and
then
and
then,
as
a
group
report
out
on
that
conversation
and
then
and
then
gave
them
an
opportunity
to
highlight
some
of
those
needs
they
identified
within
a
given
set
of
buckets
that
things
typically
fall
under
and
then
a
special
bucket
at
the
end
with
the
term
other
in
case
it
didn't
fall
nicely
within
any
of
those
particular
buckets.
S
And
so,
as
is
always
the
case,
our
students
never
ceased
to
amaze
me.
We
had
a
couple
of
board
members
that
that
attended
and
they
they
had
very
thorough
and
thoughtful
conversations
at
their
tables,
provided
some
valuable
feedback
and
so
we're
in
the
process
of
combining
compiling
that
feedback
within
those
buckets
as
part
of
the
voice
and
feedback
of
the
of
the
process,
and
so
I
think
one
of
the
things
that's
neat
is
that
around
budget
priorities
and
and
needs
that
our
students
got
to
fire
the
first
shot.
H
I
do
but
it's
not
along
this
line
of
like
dr
rodriguez,
so
I
can
wait
if
you
were
going
to
add
something.
Can
I
wait
and
share
okay.
E
I
just
wanted
to
add
that
there
was
a
couple
of
point.
There
were
a
couple
of
points
that
were
very
in
interested
in
a
a
number
of
issues,
but
a
few
were
actually
very
interesting
and
the
first
one
I
walked
up
to
first
group
I
walked
up
to
and-
and
we
strategically
sorted
them
so
that
they
would
sit
with
groups
that
were
not
of
students
of
their
school
necessarily.
E
So
they
began
to
sit
with
their
group
at
the
beginning,
but
then
migrated
to
another
set
of
another
group
of
students
that
so
they
could
see
differing
views,
and
I
thought
it
was
very
interesting.
E
In
the
first
group
I
walked
up
to
we're
talking
about
financial
literacy,
wanting
more
information
about
what
their
pay
stub
is
and,
as
dr
rodriguez
mentioned
the
other
day,
they
want
to
know
who
fica
is,
and
so
they
they're
interested
in
understanding
how
that
relates
to
their
tax
return
and
what
they're
going
to
get
back
at
the
end
of
the
year
and
how
they
budget
and
how
they
just
how
they
do
normal
adult
things
that
we
have
to
deal
with
and
and
wanting
more
information
about
that.
E
E
So
it's
interesting
that
they're
talking
about
things
that
are
still
are
going
on
at
the
legislative
level,
career
and
technology,
opportu
technology
opportunities,
more
access
to
those
and
guidance,
counseling
services
and
cdf
services,
so
that
was
helping
them
with
college
applications
and
that
sort
of
thing
and
more
a
lot
of
attention
for
seniors
to
help
them
with
the
processes.
You
know
establishing
what
career
paths
they're
going
to
go
and
getting
the
exposure
to
that
or
to
actually
getting
help
with
applying
for
college.
H
Thank
you,
miss
crosby,
dr
rodriguez,
that
I'm
sure
was
very
valuable
session
tanya
if
I
may
go
back
to
slide
on
page
seven
for
the
state
mandates.
H
So
if
I
were
a
teacher
in
beaufort
county
school
district
at
the
very
highest
step,
which
is
what
step
20
five
five
okay.
So
if
I
were
at
step
25
and
I
couldn't
go
any
higher-
none
of
these
state
mandates
would
help
me
out
right
because
the
4
000
increase
is
for
beginning
salary.
Is
that
correct?
It's
not
that
or
is
it
every
step
goes
up.
Four
thousand.
E
It
would
that
just
gave
me
an
answer.
Another
area
of
miss
dr
wisniewski's
area,
her
question
regarding
the
what's
funding:
what
is
the
state
funding?
They
would
not
fund
anything
greater
than
the
20.
What
does
the
state's
minimum
salary
schedule
go
to
22
years
22
years?
Ours
goes
to
25,
so
they
would
not
fund
any
increases
for
more
than
22
years.
So
that's
another.
That
is.
H
E
Area
now
so
we
would
fund,
so
this
would
be
applicable
to
every
cell.
The
four
thousand
dollar
increase
would
be
applicable
to
every
sale
on
this
on
the
salary
schedule,
but.
S
E
Right
the
first
line
item:
if,
if
there
were
an
increase
provided
on
this
teacher
salary
schedule,
everybody
that's
attached
to
that
schedule
will
benefit,
but
if
a
step
would
not
benefit,
if
there
were
no,
if
they
were
at
the
max
step,
they
would
not
benefit
from
a
step
increase.
J
I
know
from
my
kids,
you
know
we
try
to
keep
them
involved
and
keep
them
engaged,
but
for
a
lot
of
kids
they
show
up,
they
don't
know
they
don't
know
why
they
should
care,
they
don't
know.
What's
going
on
behind
the
scenes.
So
to
me
I
mean
just
when
you
said
that
I
thought
that
is
the
cool.
That's
just
so
important
to
me
that
kids
feel
that
sense
of
ownership
with
the
education
process.
So
I
really
want
to
thank
you
for
doing
that.
K
And
I
definitely
agree
now.
Actually
that's
where
I
was
coming
back
at.
I
just
wanted
to
tell
you
and
mrs
crosby
that
I
was
here
and
looking
and
hearing
some
of
the
comments.
I
think
that
it
was
a
very
interesting
and
it
was
a
great,
a
great
move
by
you
and
your
staff
by
you
and
the
staff.
K
It
was
very
well
received.
The
students
were
actually
engaged
and
you
could
tell
that
they
they
were
they.
Their
thoughts
were
thought
through.
They
were,
they
were
thinking.
Clearly,
you
know
I'm
a
very
objective
and
very
king
for
staff
as
well
and
other
things.
I
just
want
to
tell
you
hats
off.
I
do
appreciate
that
even
the
chance
to
even
see
that
in
see
how
that
whole
the
whole
process
to
who
what,
where,
when
why
and
how,
how
that
took
place
and
what
that
looked
like
was
was
definitely.
K
It
was
all
it
was
an
awesome.
It
was
awesome
thing
looking
forward,
looking
forward
to
it
for
years
to
come.
S
Thank
you
both
of
you
for
your
comments
and,
and
they
were
thoroughly
engaged
from
start
to
finish,
and
it
wasn't
just
a
30
minute
process.
This
was
we:
were
there
a
couple
hours
so.
K
And
also
mrs
crosby,
I
was
one
of
my
questions
I
was
going
to
actually
you
stated
earlier
that
other
other
boards
send
letters
in
terms
of
that.
Do
you
see
us
at
that
point
yet
or
or
is
that
something
that
you
think
that
we
should
consider
entertaining.
E
What
I
would
recommend
is
is
to
wait
just
possibly
a
few
weeks
to
gather
a
little
more
information.
My
letter
was
was
very
to
the
point
about
just
kind
of
bullet
points,
and
it
was
just
data.
The
the
letters
that
came
from
the
superintendents
and
the
the
board's
chairs
were
much
more
eloquent
than
mine
and
and
very
appreciative
of
their
support.
So
we
don't
want
to
you
know.
E
We
want
to
be
very
delicate
with
that
conversation
because
they
are
actively
trying
to
make
some
efforts
to
improve
education
in
south
carolina.
So
we
and
we
want
to
recognize
that,
so
I
think
we
need
to
gather
a
little
bit
more
information
and
and
then
see
what
the
the
actual
revenue
projections
show
so
that
we
aren't
have
better
estimates
going
forward.
So
I
think
I
would
not
take.
I
wouldn't
recommend
immediate
action
in
that
regard.
D
A
One
on
students
asking
for
financial
literacy:
we
don't
need
the
state
to
tell
us
to
do
that,
because
we
already
have
the
profile
of
beaufort
county
graduates,
so
we've
we've
already
taken
care
of
that.
We
don't
need
the
state
to
tell
us
what
to
do,
which
you
know
I
roil
a
little
bit
at
anyhow
and
the
other
is
the
hold
harmless.
What
exactly
does
it
cover?
I
mean
we're
talking
about
a
significant
deficit
in
this
first
year.
Does
the
whole
harmless
cover
that
complete
deficit
in
the
first
year
or
not.