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From YouTube: Beaufort County Board of Education Finance Committee 5PM
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A
A
Members
board
members
stephen
here
also
as
well
on
board
our
first.
This
will
be
live
streamed
on
the
county
channel
and
the
first
item
is
the
pledge
of
allegiance.
If
you
join
me
in
the
pledge.
A
A
A
C
Yes,
I
move
that
we
approve
the
committee
meeting
minutes
of
and
I'm
not
sure
the
date
on
the
agenda
says
february
10
and
the
date
actually
on
the
minute
says
the
11th.
So
do
you
know
which
it
is?
It
should
be.
D
A
E
Sir,
here
with
us
this
evening
is
brian
muric
of
compass,
municipal
advisors
and
brian
will
be
doing
a
brief
presentation
on
the
refunding
opportunity
before
you
today.
So
with
that,
I'd
like
to
turn
it
over
to
brian.
B
F
Perfect,
so
I
wrote
a
a
a
summary
memorandum
regarding
this
opportunity
and
and
this
this
this
refunding
is
the
gift
that
keeps
on
giving.
As
you
all
recall,
in
the
the
work
session
that
I
gave
on,
we
call
debt
day.
I
went
over
in
great
detail
this
for
funding.
F
We
sold
the
bonds
in
september,
we
physically
closed
the
bonds
in
december,
we
also
invested
the
proceeds
and
so
the
first
paragraph
of
the
memorandum,
just
recaps
what
I
explained
at
the
at
the
meeting
that
you
know
we
netted
1.8
million
in
in
savings
from
this
for
funding.
F
I
worked
with
td
bank
on
another
loan
prior
to
the
beaufort
county,
school
district
for
funding
and
and
they're,
pretty
open-minded
and
and
fairly
astute
in
ideas
and
in
discussing
different
opportunities
on
both
sides
of
the
transaction,
and
because
this
is
taxable
and
they're
a
you
know,
an
entity
that
pays
taxes,
there's
a
difference
between
a
taxable
rate
and
a
tax
exempt
rate.
F
So
we're
talking
about
something
that
would
occur
in
q1
of
2024
and
if
so,
would
they
present
the
school
district
with
the
term
sheet
today?
That
would
give
a
a
new
interest
rate
on
a
tax-exempt
basis,
so
they
have
done
so
included
in
in
the
in
the
materials
that
I
have
sent
and
they're
willing
to
allow
you
to
go
through
the
process
of
a
refinancing
where
you
would
additionally
lower
the
rate
from
a
1.51
to
a
1.23.
F
F
You
can
see
that
from
the
school
district's
perspective
up
top,
we
have
prior
bond
payments,
which
are
essentially
our
new
bond
payments,
and
then
we
have
new
bond
payments
would
be
the
future
2024
refunding
bond
payments,
and
so
the
district.
After
all
fees,
expenses
would
net
an
additional
2
million,
I'm
sorry
261
thousand
dollars,
which
would
push
the
savings
in
totality
to
2.1
million.
F
F
If
they
convert
this
essentially
to
a
tax-exempt
rate
of
a
1.23
at
a
28
corporate
tax
rate,
they
actually
make
a
little
bit
more
money,
not
a
whole
lot,
but
a
little
bit
more
money.
But
I
think
what
I
was
able
to
convey
to
them
is:
what's
the
probability
two
years
from
now
that
corporate
tax
rates
are
still
28
and
they
looked
at
themselves,
you
know
in
their
committees
and
they
said
yeah,
that's
right.
We
really
need
to
think
about
if
corporate
tax
rates
go
up.
F
You
know
us
locking
in
these
economics
is
actually
good
for
us
and
good
for
the
school
district,
and
everybody
is
a
winner,
so
the
bonds
are
non-callable,
so
they
would,
in
the
term
sheet,
waive
the
the
call
provision
they
would
offer
this
interest
rate
and
since
they're,
the
only
party
that
can
waive
the
the
call
provision
they
will
be.
The
only
party
that
would
win
quote
unquote
the
sale
under
under
state
law.
So
the
action
as
of
now
would
be
a
recommendation
to
the
full
board
to
accept
the
term
sheet.
F
The
term
sheet
does
have
a
carve
out
that,
if,
for
any
reason,
bond
council
is
unable
to
issue
a
an
opinion
that
the
bonds
in
the
interest
are
tax
exempt,
then
everything
is
null
and
void
nobody's
out
any
money
and
everybody
just
walks
away.
So
I
think
that's
a
very
important
piece,
but
the
reason
that
I
wanted
to
get
term
sheets
and
have
term
sheets
adopted
is
that
the
people
at
these
banks
change,
and
so
what
they're
willing
to
do
today
may
not
be
what
they're
willing
to
do
presenting
this
item
to
them.
F
You
know
in
in
2024,
so
I
want
to
get
everybody.
You
know
with
term
sheet,
signed
term
sheet
ready
to
go.
This
would
just
be
put
on
the
shelf
after
the
board
accepts
the
term
sheet
and
then
in
in
january
of
2024,
we
would
come
to
the
board
with
the
physical
resolution
to
issue
the
refunding
bonds
and
we
would
go
through
the
process
and
close
the
transaction.
On
march
1st,
with
the
economics
that
you
see
in
front
of
you
so
again,
it's
kind
of
the
gift
that
keeps
on
giving
probably
the
last.
F
We
would
talk
about
this
2014
be
refunding,
but
I'm
happy
to
answer
any
questions,
but
I
don't
see
any
downside
for
the
school
district.
I
don't
want
to
see
upside
and
once
again,
if,
if
frannie's
firm
cannot
issue
a
legal
opinion,
then
everything's
null
employed.
E
I
recommend
that
we
accept
the
financial
advisor's
recommendations
and
to
recommend
it
to
the
full
board.
Okay,
any
questions.
A
And
miss
our
wisniewski,
do
you
have
any
questions.
G
E
Yes,
sir,
the
next
item
is
a
discussion
of
the
final
referendum,
2019
referendum
bond
issue,
and
so
the
document
before
you
has
been
created
to
summarize
the
previously
previous
two
previous
bond
issues,
the
2022
2020
issuance
of
75
million
dollars
and
the
2021
issuance
of
130
million.
So
we've
issued
a
total
of
205
million
dollars.
E
So
when
subtracting
the
205
million
from
that
number,
the
proposed
the
difference
in
the
proposed
final
issuance
amount
is
139
million
six
hundred
and
ten
thousand,
so
I
I
brian
will
is
here
and
can
help
answer
questions
regarding
premiums
and
interests
we
do
have
have
accumulated
thus
far
and
so
brian.
Is
there
anything
else?
You
would
like
to
add
to
this
discussion.
F
I
think
I'll
just
reiterate
what
I
said
at
the
at
the
workshop,
which
is
you
know
what
we
typically
see
with
clients
is
that
they
accumulate
some
bid
premium
in
interest
and
even
at
times
some
budget
savings
through
a
process
and
then,
as
they
get
towards
the
end
of
the
process,
they
make
final
decisions
as
it
relates
to,
as
it
relates
to
the
these
amounts.
F
I
did
see
tanya's
handout
and
have
it
in
front
of
me
and
at
the
bottom
it
sort
of
reiterates
what
was
said
at
the
at
the
meeting,
which
you
know
the
the
monies
can
be
used
for
a
variety
of
sources
or
a
variety
of
needs.
They're
all
I
think
good
outcomes,
but
flexibility
is
something
that
you
can't
get
back,
which
is
why
I
think
the
you
know
more
of
our
clients
choose
to
wait
to
the
end
to
make
decisions
on
these.
A
So
there
any
first
of
all,
let's
just
bring
up
a
motion,
sure.
A
And
discussion
now,
first
of
all,
mr
crosby,
do
you
recommend
that
this
be
approved.
E
Yes,
sir,
I
think
it
is
wise
for
one
you
have
multiple
options
available
to
you,
as
as
mr
nurik
stated,
but
I
think
it
is
wise
to
wait
until
the
final.
The
completion
of
the
first
round
of
bond
construction
projects
are
completed.
Then
you
have
options
regarding
the
use
of
those
funds.
If
you
should
have
additional
needs
that
were
not
addressed
in
that
referendum
because
of
cost
cost
increases,
or
you
could
use
it
for
beginning
projects
in
the
next
round
of
referendum
and
potentially
lower
bond
issuances
in
in
a
second
referendum.
E
A
Thank
you.
I
I
want
to
add
something
to
that.
Flexibility,
as
brian
rightly
said,
is
something
you
want
to
keep
to
the
last
minute.
So
you
can,
you
can
deal
with
any
last
minute
things
that
come
up.
A
Secondly,
I
still
believe
that
we
are
going
to
come
in
on
time
and
on
budget
using
our
contingencies
that
are
already
in
projects
that
we
have
underway.
This
just
gives
us
some
flexibility.
If
we
have
something
surprising
happens
in
the
market
that
brings
higher
prices
that
we
don't
know
now,
yet
it
also
gives
us
the
opportunity
to
prep
for
the
next
referendum.
A
One
of
the
problems
that
we
had
with
this
referendum
for
our
big
projects
was
that,
of
course,
we
did
a
cost
analysis,
as
we
were
developing
the
numbers
for
the
referendum,
when
we
did
that
we
did
not
know
about
covet.
We
did
not
know
about
what
the
economy
is
done,
and
it
is
really
surprising
and
quite
wonderful
that
we
have
been
able
to
put
in
contingencies
that
have
been
sufficient
to
handle
these
increases.
A
A
That
will
give
us
hard
numbers,
because
once
the
design
work
is
done,
you've
got
hard
numbers
for
what
you're
going
to
have
to
do
for
your
permitting.
What
you're
going
to
have
to
do
for
your
ground,
whether
we'll
be
able
to
either
renovate
hilton
head
high
school
or
tear
it
down
and
start
over.
We
will
know
and
we
can
cost
it
very
good.
A
G
D
Thank
you,
mr
chair,
I
was
just
gonna
ask
in
regard
to
those
different
series
and
their
associated
premiums.
What
is
the
the
deadline
on
their
usage?
I
know
we're
talking
about
perhaps
utilizing
them
at
the
end
of
certain
construction
phases,
but
I
was
just
wondering
what
what
is
the
the
boundary
set
on
that.
A
H
Yeah
yeah
good
afternoon,
everybody
good
afternoon.
The
premium
is
considered
part
of
the
bond
proceeds
and
so
typically
there's
a
three
to
five
year
period
that
you
want
to
spend
your
bond
proceeds,
the
the
you
can
have
a
longer
period
of
time,
and
if
we,
if
you
choose
that,
which
I
think
we
would
recommend,
we
would
want
to
do
what
we
call
a
rebate
analysis,
and
I
know
that
that
ms
crosby
has
you'll
have
a
firm
on
board
monitoring
the
amount
of
monies
that
are
earned
on
your
bond
proceeds.
H
G
G
H
You
there
are
really
no
statutory
rules
in
south
carolina
about
how
a
school
district
expends
premiums
on
on
bonds
10
15
years
ago.
There
was
a
requirement
that
any
cash
premium
be
put
into
debt
service
and
used
to
pay
debt
service
on
the
bonds
that
produced
the
premium.
That
sentence
was
eliminated
from
the
the
code,
so
there
is
now
zero
rules
and
restrictions
on
how
a
school
district
can
spend
its
premium.
H
The
rules
are
different
for
a
city
or
a
county,
but
y'all
got
flexibility,
so
we're
we're
comfortable,
allowing
y'all
to
use
proceeds
of
premium
on
capital
projects.
They
do
not
have
to
be
specifically
related
to
the
referendum
projects
or
to
the
projects
for
which
the
bonds
were
borrowed
or
issued.
G
The
premium
part
how
about
the
excess
borrowing?
H
The
if,
if,
if
you've
completed
your
referendum
projects
to
everyone's
satisfaction-
and
you
had
bond
proceeds
remaining,
we
would
probably
advise
that
those
be
moved.
If
you
have
a
second
bond
referendum
that
those
be
moved
to
the
projects
for
a
second
bond
referendum,
there
has
been
one
one
time
in
y'all's
history,
where
you
did
not
need
all
the
proceeds
of
all
the
bonds
that
were
approved
at
a
referendum,
it
related
to
a
piece
of
property
that
you
were
not
able
to
purchase.
H
In
that
case,
the
money
or
the
had
not
yet
been
borrowed.
The
bonds
had
not
yet
been
issued,
but
in
today's
climate
I
think
it's
unlikely
that
there
will
be
a
a
significant
amount
of
leftover
or
excess
bond
proceeds.
H
And
if,
if
that
is
the
case,
then
then
we
would
work
with
you
all
to
have
that
borrowed
money
expended
on
appropriate
projects.
That
would
then
allow
less
money
to
be
borrowed
on
on
those
additional
projects.
So
it
ultimately,
your
taxpayers
do
get
the
benefit
of
the
any
excess
that
comes
from
the
referendum.
G
Yes,
ma'am
and
that's
exactly
because
that's
exactly
how
we
want
to
package
it
we're
returning
the
excess
money
we
came
in
under
budget
we're
returning
the
money,
the
taxpayers
I
just
want
to
make
sure
it
was
legal
that
we
didn't
have
to
you
know,
spend
it
all
on
the
outline,
because
we
were
very
specific
on
what
projects
the
money
could
be
used
for.
So
as
long
as
we're
not
breaking
any
regulations.
I'm
really
happy
with
that.
Thank
you.
A
F
I
D
A
Out
brian
is
to
keep
the
millage
rate
the
same
for
a
second
referendum,
so
that
there
is
not
a
millage
increase
to
pay
for
a
second
referendum
and
using
these
funds
to
help
reduce
the
amount
borrowed
could
help
us
achieve
that
goal.
Correct.
F
Yes,
you're
exactly
right,
you
know
I
have
been
modeling
sort
of
just
on
my
own
independently,
the
the
second
half
of
the
referendum,
and
trying
to
make
sure
that
I
don't
make
any
sizing
errors
with
this
upcoming
issuance.
That
would
then
have
a
negative
implication
on
a
potential
future
referendum,
and
you
know
outside
of
any
cost
increase.
That
is
just
unforeseeable.
F
I
think
right
now
we're
in
a
really
good
position
to
have
a
second
referendum
with
with
no
millage
increase,
and
I
say
that
in
in
in
making
sure
that
you
know
we're
appropriately
sizing
each
year
to
keep
the
millage
rate
the
same.
It's
very
important
that
we
keep
the
millage
rate
the
same
and
we
live
within
that
millage
rate
and
fund
as
many
projects
as
we
can
and
pay
off
the
debt
as
quickly
as
we
can
within
that
36.3
mills.
A
C
A
E
Just
very
fraud
introductions
again
we
brought
this
very
briefly
to
a
very
long
work
session,
a
few
a
week
or
so
ago.
So
we
didn't
have
an
opportunity
to
really
go
into
any
details,
and
so
we
want
to
go
into
those
a
little
more
with
you
today.
Kaylee
inger
is
here,
and
she
is
an
expert
reggie
murphy
is,
is
an
even
expert.
E
So
I've
got
a
whole
team
of
people
to
help
today
read
through
the
complexities
of
the
procurement
code
changes.
So
the
goal
is
to
one
our
recommendation
is
to
adopt
the
model
code
from
the
state
it
is.
It
was
written
in
2020,
it
was
distributed
and
released
in
2021
for
districts
to
review,
have
comments
and
went
back,
so
it
is
an
extensive
code
and
it
does
require
some
steps
to
go
through
as
this
process
that
we've
provided
in
the
there's,
a
one-page
executive
summary
that
we
can
reiterate
at
the
end.
E
But
what
we
would
like
to
ultimately
do
is
have
this
enacted
and
approved
by
the
board
and
the
state
and
begin
to
use
it
by
july.
One
having
a
mid-year
procurement
change
potentially,
would
have
the
auditors
looking
at
one
code
for
certain
transactions
at
certain
time
frames,
and
so
the
ideal
time
is
july.
One.
Fourth,
so
I'm.
I
J
Evening,
everyone
thank
you
for
having
me
again
I'd
like
to
go
over
the
summary
of
significant
changes.
The
reason
these
are
being
significant
changes
is
that
we
compared
our
current
procurement
code
to
the
2020
model
code
and
came
up
with
a
whole
list
of
things
from
of
changes,
but
these
are
the
significant
ones.
J
J
J
Anything
over
2500
up
to
10
000
we
get
three
quotes
that
threshold
would
change
from
10
000
to
25,
000.
advertised
quotes
would
move
from
the
threshold
of
10
000
to
50
000,
to
25,
000,
to
100,
000
and
then
competitive
steel
bids,
which
is
your
best
value
bids.
Ifbs
rfps
would
move
from
fifty
thousand
dollars
in
greater
two
hundred
thousand
dollars
in
greater
preferences.
J
That
is
something
that
is
interested
a
lot
of
people.
We
haven't
had
any
preferences
for
our
procurement
code.
This
code
would
introduce
products
made
in
the
united
states
as
well
as
products
made
in
south
carolina
and
a
resident
vendor
preference
for
commodity
contracts.
For
those
of
you
that
are
not
familiar
with
commodity
contracts,
those
are
goods.
Those
are
tangible
items.
J
These
preferences
would
have
to
be
claimed
by
the
vendor
when
they
submitted
their
sealed
bids
or
submitted
their
quotes,
but
all
of
that
would
be
listed
in
the
solicitation
and
as
part
of
the
advertisement
that
we
put
out
on
how
they
can
claim
it
as
well
sole
source
and
emergency.
This
was
another
large
change
that
was
happening.
Currently,
sole
source
is
approved
by
the
procurement
department,
then
forwarded
up
through
the
chain
through
finance,
where
ms
crosby
is
the
final
signature
signing
off
on
sole
source.
J
Emergency
procurement.
It
still
needs
to
be
routed
through
procurement
like
it
does.
Currently,
it
would
have
to
be
approved
by
the
cfo
as
well,
but
if
it
was
a
greater
than
fifty
thousand
dollar
emergency
procurement
and
remember
emergency,
we
need
life,
health,
safety,
structural,
something
that's
going
to
affect
the
students
or
the
staff,
fifty
thousand
dollars
or
more.
We
have
to
advertise
afterwards
to
let
people
know
that
we
did
an
emergency
procurement.
J
For
that
and
the
last
major
change
is
exemptions.
Exemptions,
we
know,
are
not
exactly
part
of
the
procurement
code
they're
an
extension
of
the
procurement
code.
As
part
of
our
internal
operating
policies
and
procedures,
this
new
code
would
adopt
all
state
exemptions,
in
addition
to
our
current
exemptions
that
we
have,
that
would
be
ultimately
approved.
J
D
Thank
you,
mr
chair.
Yes,
I
had
a
couple
questions
I'll
start.
First,
on
the
summary
of
significant
changes,
my
first
question
is-
and
my
apologies
that
I
I
do
not
know
this
answer
off
the
top
of
my
head,
but
if
the
current
thresholds
are
changed
to
be
10
000
as
being
the
the
start
for
a
competitive
quote,
does
that
mean
that
a
purchase
could
be
made
on
amazon
for
up
to
ten
thousand
dollars?
J
It
does
competitive
bidding
would
not
be
required
or
any
any
comparative
quotes
for
the
purchase
would
not
be
required
up
to
ten
thousand
dollars
after
ten
thousand
dollars.
That's
when
procurement
would
come
into
play
as
it
does
after
2500
now.
D
Okay,
thank
you
and
then
my
other
question
is
in
regard
to
the
exemptions
I
have.
I
have
a
handful
of
them
so,
mr
chair,
if
you
want
to
move
on
to
somebody
else
after
I
asked
a
couple
please
let
me
know.
D
Okay,
so
my
first
one
is
in
regard
to
and
it's
on
page
I
don't
see
a
number
on
here,
but
it's
where
it
says
the
policy
and
legal
services
to
include
but
not
limited
to,
and
it
talks
about
financial
advisors,
investment
management,
brokerage
service
services
and
says,
subject
to
board
approval,
it's
listed
as
a
state
exemption
and
it
lists
the
I
believe,
the
date
perhaps
that
that
was
added
to
the
statute.
D
My
reading
of
that
highlighted
language
is
in
regard
to
financial
services
and
f,
is
in
regard
to
board
governance,
consultants
and
facilitators.
I
don't
think
that
those
are
necessarily
what
was
intended
under
that
professional
service
that's
listed.
Can
anyone
speak
to
that?
Yes,.
J
J
For
you,
if
you
notice,
there's
some
highlighted
portions
in
here
for
the
copy
that
you
have
if
the
items
were
not
highlighted,
with
the
exception
of
the
financial
advisors,
those
items
mean
that
they
are
in
the
state
exemption
board,
governance
and
consultants
and
facilitators
was
not
listed.
But
that
is
one
we'd
like
to
add,
because
it
does
fall
under
policy
and
legal
services
that
can
be
included.
A
J
When
you
hire
consultants
for
the
board
for
board
governance
governance,
it
typically
falls
under
policy
that
you're
discussing
or
some
kind
of
legal
services
that
that
you
may
be
asking
for,
and
we
almost
consider
that
we
already
have
an
exemption
for
professional
development.
But
the
board
does
not
have
an
exemption
for
any
kind
of
poor
governance,
only
professional
development,
so.
D
Oh,
I
was
just
saying
that
makes
sense.
I
just
I
was
confused
because
it
has
the
gray
next
to
it
and
indicates
that
the
service
is
listed
as
a
state
exemption
below
and
it's
talking
about
brokerage
services.
So
if
it's
one
that
is
being
asked
for
by
the
procurement
department,
that's
one
thing,
but
if
it's
something
that
the
state
already
allows
for
that's
different,
I
think
I'm
confused
on
which
one
it
is
so.
E
D
So
that's,
okay,
so
the
gray
shouldn't
be
the
gray
shouldn't
be
applied
to
f,
but
you
do
want
to
exempt
it
for
the
procurement
department's
recommendation.
Yes,
ma'am,
yes,
okay,
understood,
thank
you
and
then
let
me
keep
scrolling
here.
There
was
another
one
that
I
had
and
it
was
in
regard,
I
believe,
to
catering
services.
D
There's
a
recommendation
by
the
procurement
department
to
exempt
catering
services
now.
Would
that
include
our
food
services
contracts,
because
I
know
those
are
rather
substantial.
Currently.
J
The
issue
we've
ran
into
with
catering
services
is
when
we
rent
a
facility
or
we're
holding
professional
development
at
a
facility
and
the
the
cost
of
the
procurement
code
or
the
cost
of
the
threshold.
That
2500
has
not
changed
in
reggie
how
many
years,
50
years,
it's
been
a
long
time.
I've
been
here
for
six.
J
2500
yeah,
so
the
2500
has
been
in
place
for
so
long
well,
we
know
how
expensive
catering
can
be
with
that
as
well.
If
we
can
use
our
in-house
theater,
that's
something
that
we
want
to
do.
We
want
to
use
our
facility
or
that
we're
currently
using
if
we
go
out
on
town
and
someone
comes
in
just
20,
cheaper,
we're
using
them
as
well.
Also
when
you
hold
training
at
a
facility
that
requires
that
you
cater
with
them.
J
We
still
have
to
go
out
for
three
quotes,
and
this
procurement
code
will
no
longer
allow
a
no
quote
as
a
bona
fide
quote.
Currently,
if
I
go
after
services
and
two
vendors
are
not
available
for
the
day,
I
need
a
service.
That's
considered
a
no
quote,
and
I
go
with
the
quote
from
the
vendor
who
is
available
now.
J
D
And
then
I
had
just
had
one
more
and
that's
on
the
medical
devices
required
for
instruction:
that's
under
the
heading
or
number
three
medical
and
or
psychological
services.
Can
you
explain
why
that
one?
Because
I
know
some
of
those
can
be
the
significant
expense,
but
I
also
know
there's
quite
a
lot
of
vendors
that
do
that.
So
can
you
give
me
the
reasoning
for
that
one?
D
J
Medical
devices
that
are
required
only
for
instruction,
so
those
would
be
if
we
need
to
buy
audiology
equipment,
but
that's
for
the
nursing
students
at
the
high
school
that
are
working
with
a
beaufort
memorial
or
anything
else
that
those
memorandum
of
agreements
that
we
have
trying
to
get
quotes
for
that
instruction.
We
already
exempt
instruction
for
the
classroom,
but
because
it's
a
medical
device
it
can't
be.
We
have
tables
that
we'd
like
to
purchase,
for.
J
I
can't
remember
the
term
exactly,
but
it
lays
out
a
complete
body
on
like
a
smart
board
and
you
can
only
find
those
in
in
one
place,
but
then
we
have
to
source
it
and
we
try
to
avoid
soul
sourcing
as
much
as
possible.
So
medical
devices
was
something
that
was
recommended
to
the
procurement
department,
but
that's
totally.
D
G
Yes,
sir,
I
do
have
my
hand
up.
I
just
want
to
ask
a
general
question.
G
I
know
historically,
we
we
did
not
want
to
adopt
the
state
procurement
code
because
it
was,
it
would
screw
up
something
that
we
had
grandfathered
in
prior
to
so
something
has
changed.
J
So
the
procurement
codes
from
the
state
has
always
had
their
own
model.
Code
and
school
districts
have
been
able
to
adopt
that
model
code,
but
the
state
has
changed
their
code
over
the
years
several
times,
but
have
not
always
required
school
districts
to
fall
in
line,
and
do
the
same
so
we
had
multiple
procurement
codes
throughout
all
of
the
districts.
J
So
when
the
significant
change
happened
at
the
legislative
level,
where
they
made
many
changes,
especially
with
the
thresholds
and
the
preferences
they
developed,
a
model
code
for
us
reggie
may
be
able
to
speak
to
why
we
didn't
adopt
earlier
and
what
would
have
changed,
but
we're
required
by
the
state
to
remain
substantially
similar.
J
We
have
the
option
not
to
adopt
this
code,
but
if
we
don't,
we
run
into
conflict
with
state
and
rental,
regulate,
state
and
federal
regulations
defend
depending
we
will
no
longer
be
substantially
similar
and
no
changes
will
be
able
to
be
made
to
our
current
code
say
why
we
couldn't
before
or
didn't
before.
Well.
I
I
think
it
was
a
preference
not
to
it's
nothing
we
couldn't.
The
purpose
was
because
I
and
this
the
new
code
actually
decentralizes
some
of
the
authority
in
the
code,
so
it
pushes
it
out,
and
our
our
former
procurement
officer
coordinator
preferred.
G
A
Anything
else:
okay,
rachel.
C
Doc,
dr
garage,
all
right,
so
I
have
a
simple
question
so
on
the
exemptions
here,
I
see
how
the
blue
highlight
we're
requesting
to
add
these
to
the
model
code
is
except
exemptions,
correct.
Yes,
what
are
we
doing.
J
With
the
yellow,
the
yellow
are
the
current
exemptions
that
we
already
have
in
our
current
procurement
code,
but
are
not
in
the
state
exemptions
and
the
best
way
that
I
can
present
this
is
the
state
isn't
k-12
they
deal
with
higher
ed.
They
deal
in
state
agencies,
they
deal
in
local
government,
but
they
don't
deal
in
k-12.
So
things
like
homebound
services
and
home
visits
going
out
to
bid
and
taking
the
cheapest
bid
for
someone
who's
going
to
be
visiting.
J
J
C
J
Districts,
it
was
a
lot.
It's
like
a
free
piece
together,
a
bunch
of
the
camera
coordinators
got
together
and
submitted
all
of
their
exemptions.
What
was
beneficial
to
their
school
district
and
we
pulled
them
together
and
pulled
out
the
ones
that
we
thought
would
be
beneficial
to
us
to
be
added
to
the
procurement
codes.
Exemptions,
don't
change.
Very
often
they've
only
been
changed
twice.
I
think,
since
I've
worked
here
in
six
years
and
the
procurement
code
thresholds
haven't
been
changed
in
50.,
so.
C
Okay,
so
have
you
have
any
school
districts
in
south
carolina
already
adopted
the
model
model
from
here,
but
yeah,
and
so
we're?
If
we're
looking
to
adopt
the
model
procurement
code,
as
you've
mentioned,
a
good
start
date
would
be
july,
one
so
does
it
have
to
be.
Obviously
it
has
to
be
submitted
to
the
state
with
the
use
of
modifications.
Whatever
word
you.
J
What
will
be
submitted
is
if
the
finance
committee
recommends
it
to
the
full
board
for
approval
yeah
and
the
board
approves
the
procurement
code
as
is
or
they
make
any
changes.
Remember.
B
J
That'll
be
a
separate
item.
We
submit
it
to
the
sfaa
once
they
do,
that
could
take
them
a
week,
maybe
to
go
through
it.
They
gave
us
a
document
where
we
track
all
of
our
changes,
which
makes
it
a
lot
easier
for
them
to
approve
or
deny
once
they
send
back
their
approval.
They'll
come
back
to
the
board
for
a
second
reading
for
a
final
adoption
adopt
for
an
implementation,
and
then
a
second
item
of
motion
would
be
for
the
exemptions
as
a
review
and
then
approval
to
be
added
to
our
internal
policies
and
procedures.
C
A
A
It's
not
a
it's,
not
a
compression,
it's
more
of
an
expansion
of
the
the
amounts
that
you
can
use
for
certain
things.
Okay,
the
other
question
I
have
has
to
do
with
the
service
contracts
and
state
resident
contractors
and
subcontractors.
You
say
they
will
get
an
advantage
if
you
know
what
type
of
advantage
I
do.
E
J
There
is
for
commodity
contracts,
there's
us
epp,
which
is
the
products
that
are
and
products
that
are
made
in
the
us
and
then
end
products
that
are
made
in
south
carolina
and
then
resident
vendor
preference.
So
if
they
have
end
products
that
are
made
in
the
u.s,
it's
2
in
products
that
are
made
in
south
carolina
is
seven
percent
and
then
a
resident
vendor
preference
is
seven
percent
as
well.
A
Good
and
and
that's
if
we
adopt
this-
that's
it
becomes
effective
on
the
first
of
july.
Yes,
that
is
something
that
we
need
to
let
out
to
our
contractors
and
our
local
community
right
away.
Yeah,
you
know
not
closer
to
the
first
of
july.
Probably,
but
but
that's
a
that's
a
significant
advantage,
and
you
know
that
would
help
us,
don't
you
think
girl
get
get
more,
get
some
advantage
to
our
folks
who
come
that's
good,
that's
good!
C
The
finance
committee
further
recommends
that
the
board
of
education
approve
the
addition
of
the
procurement
exemptions
for
the
model
code,
as
presented
to
the
committee
upon
adoption
by
the
board
of
education.
The
2021
model
code,
with
the
exemptions
will
be
forwarded
to
the
state
fiscal
accountability
authority,
division
of
procurement
services
for
final
approval.
E
E
I'm
sorry
so,
each
year
we
bring
before
you
a
res,
an
authorization,
a
resolution
authorized
superintendent
to
sign
or
a
designee
to
assign
grants,
submit
and
administer
grants
and
as
well
as
federal
state
or
local
grants
and
as
well
as
foundation,
grant
applications
and
cooperative
agreements.
So
this
is
this
looks
a
little
different,
it's
more
in
compliance
with
the
state
department
requirements
and
so,
and
we
also
referenced
an
administrative
regulation
that
cites
that
we
have
to
do
this.
E
So
this
is
just
an
annual
resolution
that
we
request
approval
on
to
allow
us
to
manage
our
large
volume
of
grants
we
receive
every
year.
So
do.
A
C
A
motion,
yes,
we
can.
I
move
that
the
finance
committee
recommend
that
the
beaufort
county
board
of
education
authorize
the
superintendent
or
his
designee
to
apply
for
sign,
submit
and
administer
federal
state,
local
and
foundation,
grant
applications
and
cooperative
agreements
for
the
2022
2023
school
year.
A
I
don't
see
any
hands
hearing
no
requests
for
discussion,
all
those
in
favor
saying
how
by
saying
hi,
hi.
I
Lot
of
many
of
the
principal
were
talking
about
all
the
monitors
and
you
know
maybe
to
see
what
they
would
cause,
because
they
think
that
a
lot
of
teachers
a
way
down
and
bus
duty
and
all
this
stuff.
I
A
That's
that's
something
that
probably
ought
to
be
a
joint
thing
with
the
academic
community,
their
what
they
think
they're
the
requirement
is
yeah.
The
academic
committee
should
probably
talk
to
some
principals
in
the
isd
and
and
to
it
could
be
operations
as
well
and
then
once
they
figure
out
the
requirement
yeah,
then
we
had
them
to
come
to
us
to
figure
out
costs
and.
E
We
can
run
some
numbers
and
have
them
available
for
that
discussion
as
well.
So.
I
E
I
E
One
more
I
mentioned
last
time
that
I
was
going
to
do
the
minority
women
business
enterprise
report.
We
did
it
twice
a
year
so
that
we,
I
didn't
bring
it
forward
today,
so
we
had
so
many
other
things
on
the
agenda,
but
so
I'll
include
that
for
next
time,.
A
A
I
think
we'll
talk
about
it
during
the
budget
exactly,
but
there
needs
to
be
a
strategic
view
of
how
we're
going
to
get
to
where
we
want
to
be
in
teacher
salary,
and
I
think
it's
pretty
obvious
that
388
is
not
going
to
allow
us
to
get
to
our
ultimate
goal.
A
E
So
well,
I
guess
we'll
play
it
by
ear
on
the
22nd
to
see
what
the
will
of
the
board
is
on.
There
may
typically
have
had
a
special
call
meeting
in
between
to
help
go
through
the
details
or
options
and
budget,
so
you
know,
would.
B
A
I
think
we
should
see
how
things
go
and
and
that
the
full
board
would
probably
if
they
have
something
that
they
want
us
to
look
at
before
the
next
meeting.
They.
E
We
might
just
hold
a
few
dates
in
case
of
the
need
for
extra
another
meeting,
but
we'll
just
see
how
things
go
and,
let's.