Kerry Arens

The Finance Advisory Committee meeting agenda included a call to order, adoption of the agenda, review of the November 17, 2025, FAC Meeting Minutes, and public comments. Old Business and Action Items focused on updates regarding Prop S Facilities/Projects. Other discussion items included a Legislative/Financial Update concerning SB190, a St. Louis County Tax Update, and a Review of the Current Financial Report. The committee noted there would be no December meeting.

The agenda for the meeting included the adoption of the agenda, public comments, and discussions on Old Business related to Proposition S, covering construction project updates, bond/finance updates, and communication strategy. New Business and reports, the Chair's Report, member announcements, and future business were also slated for review. Specific project updates covered numerous facilities, including Ambrose Playscape completion, exterior and interior upgrades at Avery, Bristol, Clark, Edgar, Givens, and Hudson Elementary Schools, Hixson Middle School renovations, High School projects like auditorium renovation and exterior resurfacing, and service center HVAC unit replacement. Security and fire alarm system upgrades are noted as ongoing multi-year projects. Finance reported approximately $10M remaining.

The agenda for the Finance Advisory Committee meeting included the adoption of the meeting agenda, public comments, updates on Prop S facilities projects, a legislative update regarding SB190, a review of the audit report, and a review of the current financial report. Other items involved discussions on preliminary budget adjustments concerning revenue and expenditures, including impacts from increased assessments and 'bubble classes,' as well as a review of insurance and benefit programs, noting a significant rate increase.

The Finance Advisory Committee meeting agenda included calling the meeting to order, adoption of the agenda, and public comments. Key discussion items involved Old Business covering updates on Prop S Facilities/Projects and the Annual FAC Bylaws Review. New business centered on an Audit Report Update, Preliminary Budget Adjustment, Insurance/Benefit Programs review, and a review of the Current Financial Report. The Committee also discussed the 2025 Tax Rate Preliminary Discussion, noting that residential tax rates are projected to drop by 8.2% and commercial rates by 10.8%. Furthermore, a Legislative Update was planned, and the process for starting the next year's budget commenced.

The Building Advisory Committee meeting included discussions on Prop S activities, such as construction project updates for rooftop units, door package replacements, window package status, and the completion of the High School Auditorium project. Safety and security upgrades, including ongoing alarm replacements and a camera system upgrade featuring 4K AI-enabled cameras, were reviewed. Construction updates covered projects at Selma, Avery, Bristol, Central Office, Clark, Givens, and Service Center. The committee reviewed hail damage insurance claims for rooftop units. The Bond/Finance Update indicated $34.7M spent (69% of the bond) with $12.2M remaining, outlining future spending priorities including safety/security, marquee replacement, Avery retaining wall replacement, masonry work, mechanical upgrades at Ambrose, and interior finish replacements. Future business included scheduling meetings for the 2025/26 Academic Year.