[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},"mediaId",6603704,"mediaKeyId","2999614-7b50e475852eaf4622b436c7e28defaa","parentId",2999614,"title","Burleson ISD trustees approve investment manager, join Texas Class pool, accelerate bond payoffs and update policies","audioSeconds",9,"startMs",2826000,"endMs",2817000,"viewUrl","/Search/View?dp=1&key=2999614-7b50e475852eaf4622b436c7e28defaa&start=2826&end=2817","thumbnailUrl","https://assets.pipeline.soar.com/2999614-7b50e475852eaf4622b436c7e28defaa/thumbnail_2826000.jpg","articleUrl","/articles/6603704/Texas/Burleson-ISD-trustees-approve-investment-manager-join-Texas-Class-pool-accelerate-bond-payoffs-and-update-policies","mediaUrl","https://secure.pipeline.soar.com/6603704-6a27bee10ac50a51b4faffdc8ebc375a/orig.mp4?Expires=1770827232&Signature=JJ3F80axKZsyBGHsP4FEch5dz0RUwFxU0r2iRt0nBjL2-Hp8xdsgzoYwGhsnWdQBG7xYF0o8biPyesQXnLbIQr7pfFOVekxLjfjNKC~6p77s0ShdpzbIhAXyZ1qrxCl5tat4i1eubXPXU9SycFdyunm7LJQRXKQqSozBdD~TDe2iu4H~HlYnKmyQlRQ9LNt0UVd-PWlDzZR8W-g-rnPmTiXSczs4VfQQNNKMEJEapBPQ4labnDy2xNUiqkppBs~YKjd~1Ilq4FtbC~rG4mS47z0npD1KRbnB2jzbymE8e3NA9zZQnwi79WiwGW5fOWhlBb~cN9xIwoLrIzu1EUiyug__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-04-15T17:28:23Z","article","The Burleson Independent School District Board of Trustees on April 14 approved a slate of financial and policy actions, including awarding an investment management contract to TCG Group Holdings, authorizing participation in the Texas Cooperative Liquid Assets Security Trust (Texas Class), approving a defeasance and redemption plan expected to save about $13 million, adopting TASB-recommended policy updates (update 1-24) and deleting policy EIAB, and approving the district's instructional materials/TEKS certification for the 2025-26 school year. The board also authorized the board president to approve new hires between the meeting and the next regular meeting in May, with ratification planned at the May meeting.

Why it matters: The actions together expand the district's investment options (adding a new investment manager and another liquidity pool), accelerate long-term debt retirement that the district projects will reduce interest costs and free future bond capacity, and finalize yearly instructional-materials certification required by the Texas Education Code. The board cited conservative investment practices, vendor accessibility, and recent credit-rating strength as reasons to act now.

Investment manager award: The board voted to approve an award to TCG Group Holdings for Investment Management Services (RFQ 242503). District staff said TCG was selected because the firm has school-district experience, a Texas-based executive vice president for easier access, a conservative strategy focused on principal preservation, reporting capabilities (weighted average maturity, market value/book value reporting), fee terms that were lower or negotiable compared with other respondents, and a willingness not to assess fees until the district places funds with them. The board motion to approve the award passed without opposition.

Pool participation: The board approved a resolution authorizing participation in the Texas Cooperative Liquid Assets Security Trust (commonly called Texas Class). Staff described Texas Class as another short-term pool that works specifically with school districts, offers training and district-facing staff, and pilots a short-term term product for higher yields when appropriate. The motion passed with no opposition.

Debt defeasance and savings: District financial staff and the district's financial advisor outlined a plan to use fund balance to defease the outstanding Series 2020 taxable refunding bond in full and to shorten the payoff of the outstanding Series 2016 refunding bond by roughly two-and-a-half years. Staff estimated combined savings of about $13,000,000 from these actions. The board approved the resolution to effect the defeasance and to delegate implementation authority to district officials. Staff also noted Moody's recently upgraded the district's underlying rating from Aa3 to Aa2.

Policy and instructional materials: The board approved TASB-recommended policy update 1-24 (including several clarifying edits across multiple policies) and the deletion of policy EIAB. The board also approved the district's instructional materials allotment and TEKS certification for the 2025-26 school year, confirming that recommended materials are on the state-approved list.

Hiring authority from closed session: Following closed session discussion of personnel and other matters, the board in open session approved a recommendation to grant the board president authority to approve new hires between the April meeting and the next regular meeting in May; the board will ratify hires at the May meeting. The motion passed with no opposition.

Votes at a glance:
- Grant board president authority to approve hires between April and May meetings — approved (unanimous; ratification at May meeting).
- Award Investment Management Services (RFQ 242503) to TCG Group Holdings — approved (unanimous).
- Authorize participation in Texas Cooperative Liquid Assets Security Trust (Texas Class) — approved (unanimous).
- Approve resolution for defeasance and call for redemption of certain district obligations (shorten Series 2016 payoff; defease Series 2020) — approved (unanimous); staff estimate $13,000,000 in savings.
- Approve TASB Policy Update 1-24 and deletion of policy EIAB — approved (unanimous).
- Approve instructional materials allotment and TEKS certification for 2025-26 — approved (unanimous).
- Approve consent agenda — approved (unanimous).

Discussion vs. decision: Board discussion included staff explanations of vendor selection criteria for the investment manager (experience with districts, Texas-based executive, reporting, fee negotiation), the structure and benefits of adding Texas Class to the district's pool mix, and the mechanics and projected savings of the bond defeasance. Formal board decisions were reflected in the motions and votes listed above; staff stated that some implementation steps (investing with TCG, completing defeasance paperwork) will occur after execution of the approved motions and may require additional administrative steps.

Looking ahead: Staff said no fees to TCG will be assessed until the district moves funds into investments with the firm; the defeasance work will begin once paperwork is signed. The board is scheduled to ratify any hires approved by the board president at its May meeting.

","mediaType","Video","parentTitle","Board Meeting - April 14th, 2025","oneSentenceSummary","The Burleson Independent School District Board of Trustees on April 14 approved awarding an investment management contract to TCG Group Holdings, joining the Texas Class liquidity pool, authorizing a debt defeasance expected to save about $13 million, updating district policy, and approving instructional materials for 2025-26.","taxTitle","BURLESON ISD, School Districts, Texas","taxId",13523,"location","Texas","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6603694,"Burleson ISD says no new intruder-detection audit findings; brief update given in board meeting",86,1370000,1456000,"/Search/View?dp=1&key=2999614-7b50e475852eaf4622b436c7e28defaa&start=1370&end=1456","https://assets.pipeline.soar.com/2999614-7b50e475852eaf4622b436c7e28defaa/thumbnail_1370000.jpg","/articles/6603694/Texas/Burleson-ISD-says-no-new-intruder-detection-audit-findings-brief-update-given-in-board-meeting","https://secure.pipeline.soar.com/6603694-b7ebdae6636a112362e893d4dc295a4e/orig.mp4?Expires=1770827232&Signature=MwtmYTuy-rYGNlzeWUELUvjfcFZeR504YoZLZqvYlya85aR392wANGaWeEVsU6M-4wgyYqgAagDscPes1IMM3sPkiwvjnQIaoIQkdzM5YKDX7-4inBhvxi5M0I08aTCNNgJ3Xbb73iMAE~tpa-ZiMBbQ0x-3CAh9~VgxHLoBybrwaV6bp4hx2YNUeEnUW6e6SQ~q6~MjQgyKO4wecpiUQHnaY8Ew0SwQbaZNpstfCGbD-GgF6P~M2~Yk~D27mfR1WLD7A1fUlMlx6ljPAfbTb89IBJhA3eqNUtTsWIAOUEDqQ47OGrNfXfo3foA7p08rsBxqHXpHbxsF4ETxIwr-vg__&Key-Pair-Id=KUT5TJCACFTXG","The board received a brief safety and intruder-detection update in the April 14 meeting. Staff reported that there have been no intruder-detection audits since the last board meeting and that there have been no findings to report. The presenter said there have been no significant changes or upgrades to intruder-detection systems since the last update.

The agenda item had been listed as an update with Mr. Steve Logan (the district's security contact) named on the agenda; staff noted Mr. Logan was not present and that staff and some board members had toured campuses earlier in the day. A presenter apologized for missing the cue and provided the short update, emphasizing that there were no new audit findings to report.

No action was taken; the item was informational.","A brief safety and security update at the April 14 Burleson ISD board meeting noted that no intruder detection audits have occurred since the last report and that staff reported no findings and no significant upgrades since the prior meeting.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6603699,"Burleson ISD reports $89.1 million in general fund revenues through February; oil-and-gas and tax receipts highlighted",131,1664000,1795000,"/Search/View?dp=1&key=2999614-7b50e475852eaf4622b436c7e28defaa&start=1664&end=1795","https://assets.pipeline.soar.com/2999614-7b50e475852eaf4622b436c7e28defaa/thumbnail_1664000.jpg","/articles/6603699/Texas/Burleson-ISD-reports-891-million-in-general-fund-revenues-through-February-oil-and-gas-and-tax-receipts-highlighted","https://secure.pipeline.soar.com/6603699-49fdeda812b2c08c409aefc6469e0355/orig.mp4?Expires=1770827232&Signature=btylp9TRlip-20VDd5uWUkrz71pTlGGuQkRR-0Gs6IBHxzF1pLvn5Wcy4AaYASuLU8UtRnj7tbsuHysgBcmTHjhxmmXpjW4DnlhYuypssAO4jBlRUAmYHOfj61YY3Bp-xR3NghroAiJ2FB7hTDVFhkjlrXDk387bmEeGeURJBzejXqrWRZW2dkVzQgavt7kxOPo-XgN0-r1mC0nBCiQcauZyJ5~-dAJCEn64MYJhNUqCm6bQ-LIGQXmzeG1DryUhIpBzxqkCp7ZNVbyguboCpqOGvPZjp1ZBpbt3MThYecnY9WWOZB2HtbbOs6VMYa25gM0oA1fu13u40MzzaPuVEg__&Key-Pair-Id=KUT5TJCACFTXG","Brenda Baez presented the district’s monthly financials for the period through February, reporting that general fund revenues were $89,100,000 (about 70% of budget) and general fund expenditures were $71,900,000 (about 55% of budget). Baez said food-service revenues were up from last year at $235,000, with food-service expenditures presented as $4,500,000. Debt-service revenues were reported at $37,900,000 with expenditures at $21,700,000. Special revenue funds were at about 55.6% through February as the district entered its third quarter for those grant cycles.

Baez said child-care revenues were $578,000 with expenditures at $592,000. For capital projects (including oil-and-gas revenues), she reported a beginning balance of $14,600,000 and a current balance of about $15,200,000 after modest activity; she noted a $644,000 activity figure and a small fee item of $8,000. On taxes, Baez reported February as the primary month for collections with $12,400,000 for that month and $84,600,000 for the fiscal year-to-date.

Construction updates included work on a clinic (interior progress noted) and ground-moving activity at Mound; Baez told the board payments were slight but progress was visible. Baez closed by saying that was all for the financials.

Board action: The board received the report during the meeting; the item was informational and required no separate vote beyond inclusion in the board packet.

","Finance presenter Brenda Baez told the board the district's general fund revenues for the year are about $89.1 million (about 70% of budget) with expenditures at about $71.9 million (about 55%). Staff also reported oil-and-gas balances and that February tax collections totaled about $12.4 million.","actionData","errors"]

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Burleson ISD trustees approve investment manager, join Texas Class pool, accelerate bond payoffs and update policies

Burleson ISD says no new intruder-detection audit findings; brief update given in board meeting

Burleson ISD reports $89.1 million in general fund revenues through February; oil-and-gas and tax receipts highlighted