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Tuesday, April 19, 2011
OUSD to appoint New Superintendent
ORANGE Unified Schools INSIDE
a news service of Orange Net News /O/N/N/
Independent insight into OUSD
OUSD April 21st Agenda has Board of Trustees
appointing new Orange Unified Superintendent
The Orange Unified School Board will meet in Closed Session on Thursday April 21st to appoint two Elementary School Principals, an Executive Director for Elementary Education and a Superintendent of Schools according to the Agenda for the meeting. Item 4 B on the April 21 Closed Session meeting is titled Public Employee Appointment. The item includes the four positions under three job descriptions and reads that the Board will in fact appoint a new Superintendent in the Closed Session. In wake of the unexpected retirement announcement by OUSD Superintendent Dr. Renae Dreier, a Special OUSD Closed Session Board Meeting held on Thursday March 24. That meeting included Trustee Kathy Moffat who participated in the meeting by teleconferencing from South Lake Tahoe. Sources in the Dreier Administration have stated that the OUSD Board was looking to promote a current OUSD employee to the position.
OUSD to look at sale or lease of six properties
Also on the Closed Session Agenda for April 21, 2011 will be meeting with the OUSD property negotiators for price and terms of a possible sale or lease of six surplus district properties. The surplus properties include five former school sites: Killerfer; Parkside; Peralta; Riverdale; and Silverado. The OUSD property by Santiago Charter Middle School, commonly called the Walnut Avenue site, is also surplus. The April 21 agenda also includes in the Consent Agenda 14 D on page 50, paying $8,500 to Parkcenter Realty Advisors for a “market analysis for various surplus/vacant properties throughout Orange USD”.
INSIDE the April 21, 2011 OUSD Agenda
California law requires a public hearing “sun shining” of negotiation proposals between the district and its employee unions. Agenda Action Item 12 A (page 9) has the support staff union, the California School Employees Association (CSEA #67) publicly announcing its negotiations and Action Item 12 B (page 13) has the Orange Unified Educators Association publicly announcing its negotiations.
While Sacramento lawmakers continue with their ongoing budget drama, Orange Unified is preparing to deal with anticipated cash flow problems with Action Item 12 C Page 13) and Action Item 12 D. The items detail cash flow problems are due to the state government delaying up to 25% of the district’s funding, requiring the school district to transfer funding between accounts-paying itself back later. Action Item 12 C would give the district authority to borrow funds from other categories listed on page 14. Those include: Capital Outlay; Deferred Maintenance; and the Retiree Benefit Fund.
Action Item 12 D is more complicated. The issuance of a TRANs financial instrument is close to those big bank money schemes that got us all into this financial mess in the first place. The complicated arrangement (it takes up 28 pages of the agenda…page 15…43) basically allows the district to borrow on future tax dollars…hence the name Tax and Revenue Anticipation Note (TRAN) and pool its money in an investments with other governmental entities. The Fiscal Impact on the agenda page 15 shows an “Estimated” savings of $25,000 in “interest savings” on up to a $25,000,000 investment (1%). It should be noted that there are significant costs going to some significant big time money players that are not spelled out in the long resolution. In the complicated resolution costs are referenced: on page 29, Section 10, item (F) mentions the “interest” costs; on page 30, Section 10, item (M) spells out the district has a “pro rata share” of obligations; and on page 33, in Section 13 the District directs the Trustee to pay the interest on the note and requires the District to pay the “principal and interest on the Note on the day that it matures”.
Agenda page 43 lists Wells Fargo National Association as the program Trustee. Agenda Page 35 lists Stone & Youngberg LLC as the Underwriter of the Program and Keygent LLC as the Financial Advisor. Page 36 lists Stradling, Yocca, Carlson & Rauth as Special Counsel and Disclosure Counsel. One thing for sure, the services of these big time finance players are not pro-bono.
For more information how to invest $25,000,000 and only make $25,000 CLICK ON:
Stone & Youngberg LLC
Stradling, Yocca, Carlson & Rauth
Keygent LLC
Wells Fargo National Association
also INSIDE:
Consent Item 14 D (page 50) Parker and Covert $85,000 for “modernization, surplus property” and “developer fees”. This item states “there is a need to increase the original dollar amount to finish the 2010-2011 year”
Consent Item 14 R (page 96) paying Trustee John Ortega for “hardship” in missing the March 10, 2011 Board Meeting.
Announcement 9 E: School Bus Driver Day April 26th
Announcement 9F: School Nurse Day May 11th
Announcement 9G: California Day of the Teacher May 11th
INSIDE Community Donations
Villa Park Community Service Foundation-$2,500 for supplies to Cerro Villa M.S.; Jane Layton $307 to McPherson Magnet for folders; Pacific Life Foundation $4000 to El Modena H.S. for Smartboard, Extron, iPad; Barnes and Noble-$142 to Sycamore E.S. for supplies; Villa Park Elementary Home and School League $4700 to Villa Park E.S. for technology; Running Springs PTA- $3,000 to Running Springs E.S. for PE Stipend; Canyon H.S. ASB- $449 to canyon H.S. for Dance workers.
For a complete list of the $82 998 in donations see page Agenda page 46.
INSIDE the OUSD Budget
Total for Watched Tax Dollars approved in 2011: $85,000
2011 Attorney Fee tally
4/21/11 Parker & Covert $85,000
TOTAL $85,000
Total for Watched Tax Dollars approved in 2010: $ 395,000
2010 Attorney Fee Tally:
5/27/10 Dannis, Woliver & Kelley $ 30,000
5/27/10 Parker & Covert $ 55,000
5/27/10 Parker & Covert (to 6/11) $300,000
12/2/10
2010 CSBA-Trustees and Superintendent: $ 10,000
TOTAL $ 395,000
Total for Watched Tax Dollars approved in 2009: $1,041,000
Total for Watched Tax Dollars approved in 2008: $901,200.00
Total for Watched Tax Dollars approved in 2007: $704,090.00*
Total for Watched Tax Dollars approved in 2006: $849,717.00*
2006 Administrative Conference/Travel: Total $ 18,317 *
* JUNE 8th, 2006 Trustees VOTE to Give OUSD Superintendent the power to
APPROVE OUSD Travel Requests taking this item OUT of the PUBLIC AGENDA
Total for Watched Tax Dollars approved in 2005: $978,300.00
Former Superintendent Godley’s Retirement Bonus running total
(beginning 8/2008): $36,510.00*
* The Godley Retirement Bonus presented here is an estimate of the amount in “bonus retirement” accrued since the Superintendent’s retirement on 6/30/08 using a 6% lifetime formula calculated here at $1210 a month since 8/08. The actual retirement plan the former OUSD Superintendent opted to take is not public information and the figures presented are only as an estimate of the taxpayer costs after the OUSD trustees voted against an amendment to exclude Godley from the retirement program. The on-going estimated figure is presented as a reminder to the community of the high cost in educational tax dollars the OUSD Board vote to allow the former Superintendent to participate in the 6% retirement incentive cost the OUSD education community in tax dollars. Godley retired from OUSD on June 30, 2008 after he worked for the school district for a little over five years.
Next OUSD Board Meeting Thursday April 21, 2011. For more information
CLICK ON: AGENDA
OUSD CLOSED SESSION STARTS 5:30 PM, Regular Session: 7:00 pm
For more information call the OUSD Superintendent’s office at 714-628-4040
For budgeting questions call Business Services at 714-628-4015
ORANGE Unified Schools INSIDE
Independent insight into OUSD
is an independent news service of /O/N/N/
a news service of Orange Net News /O/N/N/
Independent insight into OUSD
OUSD April 21st Agenda has Board of Trustees
appointing new Orange Unified Superintendent
The Orange Unified School Board will meet in Closed Session on Thursday April 21st to appoint two Elementary School Principals, an Executive Director for Elementary Education and a Superintendent of Schools according to the Agenda for the meeting. Item 4 B on the April 21 Closed Session meeting is titled Public Employee Appointment. The item includes the four positions under three job descriptions and reads that the Board will in fact appoint a new Superintendent in the Closed Session. In wake of the unexpected retirement announcement by OUSD Superintendent Dr. Renae Dreier, a Special OUSD Closed Session Board Meeting held on Thursday March 24. That meeting included Trustee Kathy Moffat who participated in the meeting by teleconferencing from South Lake Tahoe. Sources in the Dreier Administration have stated that the OUSD Board was looking to promote a current OUSD employee to the position.
OUSD to look at sale or lease of six properties
Also on the Closed Session Agenda for April 21, 2011 will be meeting with the OUSD property negotiators for price and terms of a possible sale or lease of six surplus district properties. The surplus properties include five former school sites: Killerfer; Parkside; Peralta; Riverdale; and Silverado. The OUSD property by Santiago Charter Middle School, commonly called the Walnut Avenue site, is also surplus. The April 21 agenda also includes in the Consent Agenda 14 D on page 50, paying $8,500 to Parkcenter Realty Advisors for a “market analysis for various surplus/vacant properties throughout Orange USD”.
INSIDE the April 21, 2011 OUSD Agenda
California law requires a public hearing “sun shining” of negotiation proposals between the district and its employee unions. Agenda Action Item 12 A (page 9) has the support staff union, the California School Employees Association (CSEA #67) publicly announcing its negotiations and Action Item 12 B (page 13) has the Orange Unified Educators Association publicly announcing its negotiations.
While Sacramento lawmakers continue with their ongoing budget drama, Orange Unified is preparing to deal with anticipated cash flow problems with Action Item 12 C Page 13) and Action Item 12 D. The items detail cash flow problems are due to the state government delaying up to 25% of the district’s funding, requiring the school district to transfer funding between accounts-paying itself back later. Action Item 12 C would give the district authority to borrow funds from other categories listed on page 14. Those include: Capital Outlay; Deferred Maintenance; and the Retiree Benefit Fund.
Action Item 12 D is more complicated. The issuance of a TRANs financial instrument is close to those big bank money schemes that got us all into this financial mess in the first place. The complicated arrangement (it takes up 28 pages of the agenda…page 15…43) basically allows the district to borrow on future tax dollars…hence the name Tax and Revenue Anticipation Note (TRAN) and pool its money in an investments with other governmental entities. The Fiscal Impact on the agenda page 15 shows an “Estimated” savings of $25,000 in “interest savings” on up to a $25,000,000 investment (1%). It should be noted that there are significant costs going to some significant big time money players that are not spelled out in the long resolution. In the complicated resolution costs are referenced: on page 29, Section 10, item (F) mentions the “interest” costs; on page 30, Section 10, item (M) spells out the district has a “pro rata share” of obligations; and on page 33, in Section 13 the District directs the Trustee to pay the interest on the note and requires the District to pay the “principal and interest on the Note on the day that it matures”.
Agenda page 43 lists Wells Fargo National Association as the program Trustee. Agenda Page 35 lists Stone & Youngberg LLC as the Underwriter of the Program and Keygent LLC as the Financial Advisor. Page 36 lists Stradling, Yocca, Carlson & Rauth as Special Counsel and Disclosure Counsel. One thing for sure, the services of these big time finance players are not pro-bono.
For more information how to invest $25,000,000 and only make $25,000 CLICK ON:
Stone & Youngberg LLC
Stradling, Yocca, Carlson & Rauth
Keygent LLC
Wells Fargo National Association
also INSIDE:
Consent Item 14 D (page 50) Parker and Covert $85,000 for “modernization, surplus property” and “developer fees”. This item states “there is a need to increase the original dollar amount to finish the 2010-2011 year”
Consent Item 14 R (page 96) paying Trustee John Ortega for “hardship” in missing the March 10, 2011 Board Meeting.
Announcement 9 E: School Bus Driver Day April 26th
Announcement 9F: School Nurse Day May 11th
Announcement 9G: California Day of the Teacher May 11th
INSIDE Community Donations
Villa Park Community Service Foundation-$2,500 for supplies to Cerro Villa M.S.; Jane Layton $307 to McPherson Magnet for folders; Pacific Life Foundation $4000 to El Modena H.S. for Smartboard, Extron, iPad; Barnes and Noble-$142 to Sycamore E.S. for supplies; Villa Park Elementary Home and School League $4700 to Villa Park E.S. for technology; Running Springs PTA- $3,000 to Running Springs E.S. for PE Stipend; Canyon H.S. ASB- $449 to canyon H.S. for Dance workers.
For a complete list of the $82 998 in donations see page Agenda page 46.
INSIDE the OUSD Budget
Total for Watched Tax Dollars approved in 2011: $85,000
2011 Attorney Fee tally
4/21/11 Parker & Covert $85,000
TOTAL $85,000
Total for Watched Tax Dollars approved in 2010: $ 395,000
2010 Attorney Fee Tally:
5/27/10 Dannis, Woliver & Kelley $ 30,000
5/27/10 Parker & Covert $ 55,000
5/27/10 Parker & Covert (to 6/11) $300,000
12/2/10
2010 CSBA-Trustees and Superintendent: $ 10,000
TOTAL $ 395,000
Total for Watched Tax Dollars approved in 2009: $1,041,000
Total for Watched Tax Dollars approved in 2008: $901,200.00
Total for Watched Tax Dollars approved in 2007: $704,090.00*
Total for Watched Tax Dollars approved in 2006: $849,717.00*
2006 Administrative Conference/Travel: Total $ 18,317 *
* JUNE 8th, 2006 Trustees VOTE to Give OUSD Superintendent the power to
APPROVE OUSD Travel Requests taking this item OUT of the PUBLIC AGENDA
Total for Watched Tax Dollars approved in 2005: $978,300.00
Former Superintendent Godley’s Retirement Bonus running total
(beginning 8/2008): $36,510.00*
* The Godley Retirement Bonus presented here is an estimate of the amount in “bonus retirement” accrued since the Superintendent’s retirement on 6/30/08 using a 6% lifetime formula calculated here at $1210 a month since 8/08. The actual retirement plan the former OUSD Superintendent opted to take is not public information and the figures presented are only as an estimate of the taxpayer costs after the OUSD trustees voted against an amendment to exclude Godley from the retirement program. The on-going estimated figure is presented as a reminder to the community of the high cost in educational tax dollars the OUSD Board vote to allow the former Superintendent to participate in the 6% retirement incentive cost the OUSD education community in tax dollars. Godley retired from OUSD on June 30, 2008 after he worked for the school district for a little over five years.
Next OUSD Board Meeting Thursday April 21, 2011. For more information
CLICK ON: AGENDA
OUSD CLOSED SESSION STARTS 5:30 PM, Regular Session: 7:00 pm
For more information call the OUSD Superintendent’s office at 714-628-4040
For budgeting questions call Business Services at 714-628-4015
ORANGE Unified Schools INSIDE
Independent insight into OUSD
is an independent news service of /O/N/N/
