[00:00:02]
EXPANDS EVERYTHING. THANK YOU VERY MUCH.
IF THERE IS NO MORE QUESTIONS, DISCUSSION ITEMS, ANYBODY HAVE
[1. Certification of Notice Posted for the Meeting]
ANY QUESTIONS ON THE COMMITTEE NOTES? IF NOT, THE GOVERNANCE COMMITTEE IS -- DO I NEED TO GAVEL BETWEEN MEETINGS? BUT I DON'T NEED TO GAVEL? OKAY. SO THE GOVERNANCE COMMITTEE[4. Consent Agenda]
MEETING IS ADJOURNED. YOU ALL KNOW I LIKE TO BE HEAVY ON THE GAVEL. THAT'S WHY I'M ASKING.WE'RE STARTING THE SPECIAL MEETING OF THE BOARD OF TRUSTEES. CERTIFICATION OF NOTICE OF POSTED FOR HE MEETING. DO I NEED TO READ THE WHOLE THING OVER AGAIN? CHANCELLOR, HE'S CERTIFIED, RIGHT? OKAY.
ANY CITIZENS DESIRING TO ADDRESS THE BOARD? IF NOT, DO WE HAVE ANY CONFLICTS OF INTEREST SPECIFIC TO THIS AGENDA FOR THE BOARD OR CHANCELLOR? IF NOT, THE CONSENT AGENDA, WE HAVE ITEM 4A, G, AND C, ANY TRUSTEE WISH TO CONSIDER AN ITEM SEPARATELY?
>> D.A.R.T. AGREEMENT FOR SEPARATE CONSIDERATION.
>> CHAIR D. FLORES: OKAY. SO THE CONSENT GENDA, THANK YOU. THE ITEMS 4B1, C1, AND 2.
>> C. COMPTON: C1 AND 2. >> CHAIR D. FLORES: YOU WANT TO CONSIDER THAT SEPARATELY OR HAVE QUESTIONS ONLY?
>> JUST A1. >> CHAIR D. FLORES: NO, NO,
TRUSTEE COMPTON SAID C1. >> C. COMPTON: YOU SAID B1 AND 2 BUT IT WAS C1 AND 2. THAT'S WHAT I WAS SAYING.
>> CHAIR D. FLORES: OKAY. >> C. COMPTON: APPROVAL OF --
>> CHAIR D. FLORES: 4B1 AND 4C1 AND 2.
DO I HAVE A MOTION? >> SO MOVED.
>> SECOND. >> CHAIR D. FLORES: SECONDED BY TRUSTEE BRAVO. DISCUSSION?
FURTHER DISCUSSION? >> D. ZIMMERMANN: 4B1.
I'M CONCERNED ABOUT THE DECAD DATA NOT BEING AVAILABLE YET.
WE DON'T KNOW -- WE'RE LOOKING AT DECAD INFORMATION THAT IS GOING TO IMPACT US FOR AT LEAST FIVE YEARS.
IT BOTHERS ME THAT WE'RE LOOKING AT MOVING THIS TO A TWO-MONTH PERIOD FOR INIMUM CASH. I'M CONCERNED THAT E'RE GOING TO LOSE OUR EDGE. IF THERE IS ANOTHER TORNADO, FLOOD, IF THERE IS ANYTHING ELSE THAT IMPACTS US OVER A FIVE-YEAR PERIOD, I MEAN THIS IS TURNING OUT TO BE A CRAP SHOOT.
BECAUSE WE DON'T KNOW. ARE WE PROMISING WE'RE NOT GOING TO HAVE ANOTHER HIT TO OUR FUNDS IN THE NEXT FIVE YEARS? BECAUSE SOME OF THIS STUFF, THEY HAVEN'T EVEN STARTED REBUILDING THE HOME DEPOT YET. I'M CONCERNED ABOUT SPENDING MONEY WE MAY NEED OVER THE NEXT FIVE YEARS.
>> CHAIR D. FLORES: THANK YOU, TRUSTEE ZIMMERMANN.
TRUSTEE COMPTON. >> C. COMPTON: I WAS GOING TO SAY, TWO MINUTES. I KNOW WE HAD A DISCUSSION ABOUT ALL OF THIS. BUT I DON'T REMEMBER WHAT THE JUSTIFICATIONS WERE FOR GOING FROM, WAS IT THREE MONTHS TO SIX
MONTHS? >> CHANCELLOR MAY: FOUR TO SIX
MONTHS. >> C. COMPTON: CAN YOU RECAP THAT? KIND OF KICK START MY MEMORY
ABOUT THIS ISSUE. >> CAN I GO AHEAD AND ANSWER BOTH QUESTIONS, CHAIR? WE ANALYZED THE T.A.B. ALL THE TIME. WHEN WE DID THE BUDGET OUR PROJECTIONS OF T.A.B. ASED ON WWE HAD FOR CERTIFIED VALUESF 279 MILLION, CURRENTLY AT 284 BILLION.
THIS EAR WE'LL SEE AN INCREASE IN TAX REVENUES WE DID NOT FORECAST. WE FIGURED IT WOULD STAY LEVEL.
ON 284 BILLION, I'M NOT SURE WHAT THE CERTIFIED VALUES BECAUSE THAT'S A WAYS OUT YET. BUT IT EASILY COULD INCREASE BY LET'S SAY 5%. 2 BILLION WE'RE LOSING HASSEN IMPACT. BUT ON 287, THE $290 BILLION OF T.A.B., THE MATERIAL EFFECT IS NOT GOING TO BE SOMETHING THAT WILL IMPACT CASH RESERVE POLICY. WHAT WE DID TALK ABOUT IS TWO
[00:05:06]
MONTHS, TRUSTEE COMPTON, WE LOOKED AT WHAT WAS OTHER BEST PRACTICES BY OTHER ORGANIZATIONS AND WHAT WE HAD INTO THE FINANCIAL CONSULTANT FROM ACCT BASICALLY HAD SAID YOU ALL NEED TO LOOK AT THAT. AND WHAT I HAVE SEEN ACROSS THE NATION. TWO MONTHS IS THE MINIMUM THAT WE CAN'T DO ANYTHING. THE ADMINISTRATION CAN'T DO ANYTHING. WE HAVE SAID IN THAT POLICY THAT THE BOARD WILL SEE AND HAS TO APPROVE ANY ONE-TIME USE OF THE MONIES THAT ARE GOING TO BE COMING OUT OF THAT.AND YOU WILL SEE THIS HAPPEN IN FEBRUARY.
AND YOU CAN BASICALLY REGULATE WHAT YOU ANT TO KEEP THAT FUND BALANCE AT. BY APPROVING OR NOT APPROVING HOW THE USE OF FUND BALANCE IS DONE.
THERE IS GOING TO BE A COMPLETE NEW SECTION IN OUR WHOLE PLANNING OUTLINE THAT WE HAVE THAT WILL SHOW THE BOARD VERY CLEARLY, HERE IS WHERE A FUND BALANCE START, HERE IS WHAT WE'VE USED THIS YEAR, HERE'S WHAT WE'RE CARRYING FORWARD PLUS A ESTIMATE OF WHAT WILL BE ADDED AND THE PROJECTS FOR THE NEXT BUDGET YEAR HOW WE PLAN TO USE THE MONEY.
AND THE BOARD WILL HAVE A FULL DISCLOSURE HOW WE'RE USING FUND BALANCE. WE SET IT PIECEMEAL WHEN E'VE DONE THINGS ON INDIVIDUAL PROJECTS BEFORE THE BOARD.
BUT WE HAVE NOT LAID IT OUT IN A ORGANIZED FASHION.
AND WE THINK THAT'S ONE OF THE IMPROVEMENTS WE'RE MAKING THIS YEAR TO ALLOW YOU ALL TO SEE WHAT WE'RE GOING TO BE ABLE TO DO. DOES THA THAT ANSWER YOUR QUEST?
>> C. COMPTON: I KNOW WE HAD THE DISCUSSION, BUT THERE WAS SOMETHING ABOUT FLEXIBILITY BASED ON THE NEEDS.
>> YEAH. AS I RECALL, THE LAST DISC DISCUSSION, YOU HAVE TWO MONTHS OF OPERATING REVENUE.
>> P. RITTER: AND THE QUESTION WAS, WHERE DO WE SET THAT? AND I THINK THE CONCERN THAT I HAVE IS THAT WE'VE BEEN OPERATING OVER THE PAST SEVERAL YEARS IN AN AREA OF GROWTH OF T.A.B. AND THEY AIN'T GOING TO GO OWN FOREVER.
AND OPERATING ON THE MOTIVE, WE'RE NOT GOING TO CUT THE RATE WHILE T.A.B. GOES UP. I'M N NOT GOING TO VOTE TO RAISE THE RATE. IF WE HAVE GREATER CASH RESERVES WE HAVE GREATER FLEXIBILITY IN SUBSEQUENT YEARS THAN IF WE'RE RETAINING MORE DOLLARS AT SOME LEVEL HIGHER.
I SEE A THREE-MONTHS RESERVE AS GIVING US MORE FLEXIBILITY THAN TWO MONTHS. AND I THINK THAT'S THE POLICY AS I RECALL THE DISCUSSION. I OTICE YOU DIDN'T CHANGE IT.
>> WELL, AND TOO, FROM MY STANDPOINT AS A CFO AND WHAT I'VE SEEN AT OTHER INSTITUTIONS, IS TWO MONTHS IS AS TO COVER THOSE. IF WE HAVE TORNADOES AND FLOODS, THERE ARE OTHER RISK MANAGEMENT POLICIES AND THINGS WE DO O COVER OURSELVES. THIS IS NOT THE ONLY THING WE DO TO MAKE SURE WE HAVE THINGS AVAILABLE OR COVERED TO REDUCE THE LIABILITY WE'D HAVE IN CASE OF THINGS HAPPENING.
WE WENT THROUGH THE 2008 FINANCIAL CRISIS, INCLUDING THE 2010 BUDGET REDUCTIONS AND SO ON, WE WEREN'T USING FUND BALANCE. AND THAT'S PROBABLY THE WORST TIME IN HISTORY WE'VE HAD IN THE FINANCIAL CRISIS.
I CAN GO BACK IN HISTORY AND SHOW YOU WHERE WE DID NOT EVEN
THEN DIP INTO FUND BALANCE. >> C. COMPTON: WE HAVE INSURANCE TO COVER US FOR -- FOR NATURAL DISASTERS.
IF WE HAVE A NATURAL DISASTER THAT EFFECTS OUR OPERATIONS, THE INSURANCE COVERAGE WE HAVE NOW, HOW MUCH WOULD WE BE HOLDING? 10%? 20%?
>> DO YOU REMEMBER OFF THE TOP OF MY HEAD?
>> C. COMPTON: WE'RE NOT COVERED ON ANYTHING 100%.
>> M. BRAVO: WE HAVE $100,000 DEDUCTIBLE.
OUR ONE TIME PAY OUT IS $100,000 AND THE NSURANCE COVERS THE
>> YES. >> CHAIR D. FLORES: THE TWO MONTH A RECOMMENDATION OF THE GOVERNMENT FINANCIAL OFFICER.
GOVERNMENT FINANCE FFICERS ASSOCIATION.
>> CHAIR D. FLORES: IN OTHER WORDS, THE TWO MONTHS WASN'T PICKED OUT WILLY-NILLY. IT HASN'T BEEN LOOKED OVER
[00:10:03]
THREE, FIVE, SIX, SEVEN, 10, TIMES.>> WE DID A COMPARISON, NOT JUST WITH THE DWF PEERS BUT STATE WIDE PEERS. TARRANT DOESN'T HAVE A CASH RESERVE OLICY. SOME OF THE OTHERS WERE AS LOW AS ONE MONTH OR TWO MONTH WAS THE AVERAGE.
>> VICE CHAIR W. JAMESON: BY REDUCING THE CASH RESERVE, WHAT
WILL WE DO WITH THAT MONEY? >> THAT IS FOR THE BOARD TO DECIDE. WHAT WE'VE PUT IN IS WE'LL LOOK AT ONE-TIME EXPENDITURES THAT MAKE SENSE.
JUST LIKE ISSUING DEBT ONLY IN THIS CASE YOU DON'T ISSUE DEBT.
THAT WAS THE DISCUSSION I WOULD WITH THE CONSULTANT FROM ACCT.
JOHN, YOU ARE NOT PUTTING YOUR MONEY TO WORK FOR YOU.
WHEN WE TALK TO THE RATING AGENCIES THEY LIKE TO SEE THE CASH BUT THEY ARE LOOKING AT US LIKE YOU ARE NOT GETTING A RETURN ON YOUR INVESTMENT BY MAKING YOUR CASH WORK FOR YOU.
IF WE WERE RIVATE INVESTORS AND SITTING ON PERSONALLY WITH THE DISTRICT, WE HAVE TO INVEST ONLY IN THE MOST CONSERVATIVE FUNDS.
WE'RE CURRENTLY EARNING 2%, THAT IS GOOD WITH WHAT WE CAN INVEST IN. IF YOU WERE A PRIVATE FIRM OR INDIVIDUAL, YOU WOULD LOOK TO HAVING A CERTAIN AMOUNT IN CASH, EQUITY AND BONDS. YOU WOULD DO YOUR DIVERSIFICATION OF YOUR INVESTMENTS. AND THAT'S PART OF WHAT WE'RE LOOKING AT, ONLY WE CAN'T BUY ALL THOSE OTHER THINGS.
HOW DO WE INVEST THIS MONEY IN THE COMMUNITY TO GET THAT RETURN THAT WE'RE LOOKING FOR RATHER THAN HANG ONTO CASH?
>> VICE CHAIR W. JAMESON: THERE IS STILL OVERSIGHT FOR THE DOLLARS, IT'S NOT DISAPPEARING INTO THE GENERAL FUND?
>> QUITE FRANKLY, THE BOARD CAN KEEP IT AT THREE MONTHS MECHANICALLY BY NOT APPROVING THINGS WHEN WE BRING THEM TO BUDGET. BECAUSE WE'RE GOING TO DROP UNDER THREE MONTHS BECAUSE WE KNOW THIS IS GOING TO HAPPEN TO THE T.A.V. OR WE'RE WORRIED ABOUT THIS OR THOUGHT.
THAT CAN HAPPEN. THAT'S A BUDGETARY DECISION ON AN ANNUAL BASIS. WE DON'T HAVE TO HAVE THAT FORESIGHT GOING OUT THREE OR FOUR YEARS.
WE'LL DO IT ON AN ANNUAL BASIS AND SAY WE'LL KEEP IT IN CASH.
>> WHEN E DISCUSS NEXT MONTHS THE USE OF EXCESS CASH RESERVES, I THINK THIS PUTS US IN A BETTER POSITION TO IDENTIFY SELF PAY AND PAY AS YOU GO PROJECTS AND UTILIZING HE BOND PROCEEDS.
IF WE'RE ABLE TO DO THIS ON THIS BASIS, WE ESSON THE DEBTED SERVICE AND THE TAXPAYERS DOWN THE DOWN.
>> P. RITTER: SINCE YOU PROTUP THE PERSONAL FINANCE ANALOGY.
>> I'M NOT A CFA. >> P. RITTER: THE POLICY DECISION O WE HOLD MONEY IN CASH RESERVES OR SPEND IT AND FURTHER OUR MISSION. I KIND OF SEE THIS DECISION AS A WHOLE LIFE INSURANCE POLICIMENT WE'RE GOING TO SET MONEY ASIDE.
IT'S A RAINY DAY. OR UNEXPECTED DECLINES IN THE T.A.V. OR OTHER THINGS. IT'S AN ASSET ON OUR BOOKS WE CAN CARRY. THERE IS NOTHING ABOUT THIS POLICY THAT EFFECTS OUR ABILITY, I DON'T THINK TO INVEST IN OUR CASH RESERVES N ANYWAY THAT GIVES US THE DIVERSITY THAT WE NEED IN TERMS OF TYPES OF FINANCIAL INVESTMENTS THAT WE
>> P. RITTER: I'M FAMILIAR WITH SOME PUBLIC SECTOR ENTITIES.
THERE ARE HOSPITAL DISTRICTS THAT RETAIN $100 MILLION ON THE BOOKS WHEN THEY HAVE UNMET NEEDS.
WE'RE NOT LIKE THAT. WE HAVE THE ABILITY TO FINANCE WHAT WE WANT TO DO. BUT I THINK THAT WE'RE AT RISK OF T.A.V. REVENUE DECLINES WE SHOULD RETAIN MORE MONEY TO CONTINUE TO DO WHAT WE NEED TO DO WITHOUT INCREASING THE TAX RATE AND BURDEN ON TAXPAYERS IN THE FUTURE.
THAT'S WHY -- >> CHAIR D. FLORES: I'M GOING TO CALL FOR THE QUESTION. ONE MORE COMMENT.
>> C. COMPTON: NO, I WANTED TO ASK ON YOUR INVESTMENT STRATEGY, AND I UNDERSTAND ABOUT THE LOW-RISK SECURITY.
WE CAN INVEST IN AND SO FORTH. DO YOU HAVE A GOAL ON HOW MUCH OF A RETURN THAT YOU WOULD LIKE TO SEE?
>> OUR GOAL IS WHAT WE PUT N INVESTMENT INCOME IN THE BUDGET EACH YEAR. AND THAT'S BASED ON THE AMOUNT OF MONEY WE EXPECT ON A MONTHLY BASIS.
WE NEVER FULLY INVEST IN ANY ONE MONTH.
WE'RE LOOKING AT HISTORY AND FORECASTING WHAT THE MARKET IS GOING TO DO. AND REDUCING THAT A LITTLE BIT.
[00:15:02]
>> C. COMPTON: WHAT IS YOUR INVESTMENT STRATEGY?
>> THIS IS IN THERE. >> C. COMPTON: HOW MUCH PERCENTAGE ARE YOU ALL TRYING
>> THE INVESTMENT STRATEGY WE TRY 2% RIGHT NOW.
>> LET ME KIND OF GIVE A LITTLE BIT OF HISTORY.
>> VICE CHAIR W. JAMESON: THERE WAS A COLLEGE IN THE STATE IN THE MID-90S, ODESSA COLLEGE GOT ENGAGED IN HEAVY ARBITRAGE.
AND OTHER RISKY TYPES OF -- >> CHANCELLOR MAY: INVESTMENTS.
THEY VIRTUALLY LOST ALL OF THEIR DOLLARS AND MORE AS A RESULT IT.
AT THAT POINT IN TIME, THE TATE CAME IN AND BASICALLY ELIMINATED THE ABILITY TO INVEST IN EQUITIES AND PRETTY MUCH BECAME LIMITED TO COMMERCIAL PAPER AND TREASURIES AND THAT'S ABOUT IT.
WE DON'T HAVE THAT OPTIONS TO GO INTO THE EQUITY MARKET TO DO OTHER TYPES OF BUNDLING AND THAT SORT OF THING THAT YOU WOULD DO PROBABLY EVEN AS A INDIVIDUAL THAT'S OUT THERE.
BUT THAT'S NOT THE CASE FOR COMMUNITY COLLEGES.
AND YOU ARE RIGHT. OTHER ENTITIES CAN STILL DO IT.
BUT NOT COMMUNITY COLLEGES AS A RESULT.
>> FOUNDATION HAS DIFFERENT RULES THAN WE HAVE.
>> CHAIR D. FLORES: ALL RIGHT. WE HAVE A MOTION FOR ITEM 4.
>> I HAVE A QUESTION. >> VICE CHAIR W. JAMESON: DON'T
WE NEED TO MAKE A CHOICE ON C2? >> BOARD NEEDS TO REMOVE C2 FOR SEPARATE CONSIDERATION.
YOU CAN ACT ON THE PENDING MOTION AND AMEND THE MOTION FOR ITEMS B1 AND C1, C2 REQUIRES A SPECIFIC CHOICE TO COMPLETE THE
[4 A. 1) Approval of Agreement with Dallas Area Rapid Transit (DART) Renewing Two-Year Contract to Provide DART GoPass for Students]
RESOLUTION. >> CHAIR D. FLORES: THAT AS NOT MADE CLEAR IN THIS. SO THE ONE WHO MADE THE MOTION
I MOVE APPROVAL OF AGENDA ITEM 4B1 AND C1.
>> CHAIR D. FLORES: AND WE HAVE A SECOND BY MS. BRAVO.
>> M. BRAVO: SECOND. >> CHAIR D. FLORES: WE HAD DISCUSSION. ALL IN FAVOR, SAY, "AYE." ANY OPPOSED? WE HAVE ONE OPPOSITION.
SO NOW, FINANCIAL, I MEAN CONSENT AGENDA ITEM 1.
IT IS WE NEED TO AMEND IT. SO WE'RE RENEWING A THREE-YEAR
[4 C. 2) Approval of Resolution for the Runoff in the Election for the 2019 Representative to Dallas Central Appraisal District Board of Directors]
CONTRACT. AND WE'RE ADDING THE LANGUAGE, THE THREE YEAR AGREEMENT SHALL NOT EXCEED $9 MILLION.DO I HAVE A MOTION? >> I MOVE WE APPROVE THE AMENDED
ITEM, 4A1. >> CHAIR D. FLORES: SECOND?
>> C. COMPTON: I'LL SECOND IT. >> CHAIR D. FLORES: DISCUSSION? IF THERE IS NO DISCUSSION, ALL IN FAVOR, SAY, "AYE." ANY OPPOSED? ANY ABSTAIN? THANK YOU. WE MOVE TO INDIVIDUAL ITEMS.
>> C2. >> CHAIR D. FLORES: THANK YOU.
I DON'T KNOW WHAT IS WORKING WITH MY BRAIN TODAY OR NOT WORKING. THANK YOU.
CONSENT AGENDA ITEM 4C2. MOTION TO APPROVE.
>> CHANCELLOR MAY: WHAT WE HAVE TO CHOOSE ON THERE.
>> CHAIR D. FLORES: WE'LL HAVE DISCUSSION.
MOTION TO APPROVE. >> M. BRAVO: THERE IS NOT A
MOTION TO APPROVE. >> CHAIR D. FLORES: THAT'S WHY I'M ASKING FOR A MOTION TO APPROVE.
WE DON'T NEED A MOTION? >> M. BRAVO: NO, SELECT A PERSON.
>> C. COMPTON: I THEN HAVE DISCUSSION AND THEN TAKE THE
VOTE. >> YOU CAN SEE IF THERE IS CONSENSUS FOR THE CANDIDATE AND THE MOTION TO APPROVE CAN WE DO
APPROVE. >> CHANCELLOR MAY: YOU NEED TO NAME THE CANDIDATE IN THE MOTION.
>> THAT'S WHAT I'M SUGGESTING. >> CHAIR D. FLORES: YOU ARE NOT
IN THIS ONE? >> VICE CHAIR W. JAMESON: BUT I WILL MAKE A MOTION ON A CANDIDATE IF YOU WANT.
>> C. COMPTON: LET ME MAKE SURE I'M CLEAR ON THIS.
WE'RE CHOOSING ONE OF THOSE TWO PEOPLE FOR OUR COLLECTIVE VOTE?
IS THE BOARD THE ENTITY? >> ONE VOTE WE GET AS A BOARD.
>> C. COMPTON: WE NEED TO DECIDE OUT OF THE TWO CANDIDATES WHICH ONE WE WANT TO HAVE THE COLLEGE DISTRICT'S VOTE, CORRECT?
>> CORRECT. >> CHAIR D. FLORES: NOW WE NEED
DISCUSSION BEFORE THE MOTION. >> C. COMPTON: WELL, SINCE I DON'T REALLY KNOW EITHER ONE OF THEM --
INFORMATION. >> VICE CHAIR W. JAMESON: THE INCUMBENT IS STEVE WHO HAS BEEN THERE SINCE 2014 IN GRAND
[00:20:05]
PRAIRIE. I'VE HEARD NOTHING TO OPPOSE HIM FROM ANY OTHER ENTITY HAT I'VE TALKED TO.SO DON'T MIND, I'LL MAKE A MOTION TO APPROVE STEVE BLACK.
>> SECOND. >> CHAIR D. FLORES: IT'S BEEN SECONDED. ANY FURTHER DISCUSSION? IF NOT, ALL IN FAVOR, SAY, "AYE."
>> C. COMPTON: JUST A SECOND. I KNOW I SAW THIS CASSANDRA OR
WHATEVER. >> CASSANDRA PHILLIPS.
>> C. COMPTON: OKAY, I SAW THIS. >> CHAIR D. FLORES: ALL IN FAVOY
[A. Talent Items]
>> FIVE YEARS. I HOPE HE'S OKAY.
>> D. ZIMMERMANN: HE'S ON SPORTS RADIO.
HOW BAD CAN HE BE? >> CHAIR D. FLORES: CAN WE AGAIN HAVE ALL IN FAVOR, SAY, "AYE." ANY OPPOSED? ANY ABSTAIN? THANK YOU VERY MUCH.
>> CHAIR D. FLORES: I'M NOT MISSING ANYTHING NOW ON THE CONSENT AGENDA? OKAY.
THANK YOU VERY MUCH. INDIVIDUAL ITEMS 5A1 AND 2.
DOES THE BOARD WANT TO CONSIDER THEM INDIVIDUALLY OR TOGETHER?
>> C. COMPTON: I'LL MAKE A MOTION TO APPROVE TO APPROVE 5A1
>> CHAIR D. FLORES: ANY DISCUSSION? IF NO DISCUSSION, ALL IN FAVOR, SAY, "AYE." ANY OPPOSED? ANY ABSTAIN?
>> C. COMPTON: EXCUSE ME, YOU WANT TO INTRODUCE?
>> I DO. ROB, WHY DON'T YOU INTRODUCE OUR NEW CHIEF OF HUMAN RESOURCES OFFICER.
>> IT S MY PLEASURE TO INTRODUCE SHERRY INRIGHT WHO THE BOARD APPROVED AS THE CHIEF HUMAN RESOURCES OFFICER.
>> THANK YOU VERY MUCH. IT'S A PLEASURE.
MY VOICE USUALLY CARRIES. >> CHAIR D. FLORES: JUST A
MINUTE. >> INTRODUCE HER IN THE
IT IS MY PLEASURE TO INTRODUCE TO THE BOARD, MS. SHERRY INRIGHT WHO JOINS US AS THE CHIEF HAMMERERSES OF THE DALLAS COUNTY COMMUNITY COLLEGE DISTRICT AS APPROVED BY THE BOARD.
>> THANK YOU VERY MUCH. IT'S MY PLEASURE TO MEET YOU TODAY. AND I AM JUST THRILLED TO BE THE NEW CHIEF HUMAN RESOURCES OFFICER FOR THE DALLAS COUNTY COMMUNITY COLLEGE DISTRICT. I'VE HAD SEVERAL CONVERSATIONS
[6. Policy Items - First Reading]
WITH DR. MAY AND SEVERAL MEMBERS OF THE STAFF.AND THIS IS FANTASTIC OPPORTUNITY.
AND I'M JUST THRILLED SO THANK YOU VERY MUCH.
>> CHAIR D. FLORES: WE WELCOME YOU.
AS YOU CAN SEE, WE'RE VERY ACTIVE AND VERY COMMINATIVE BOARD. H.R. IS AN AREA WE KNOW NEEDS SERIOUS ATTENTION. I'M SURE AT THE POLICY LEVEL YOU WILL BE HEARING FROM US OR THE CHANCELLOR.
>> I'M THRILLED. I LOVE WORKING WITH BOARDS.
I LOOK FORWARD TO WORKING WITH EACH AND EVERY ONE OF YOU.
THANK YOU VERY MUCH. >> CHAIR D. FLORES: WELCOME.
SIX. POLICY ITEMS, FIRST READING.
ANY QUESTIONS?
* This transcript was compiled from uncorrected Closed Captioning.