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CFBISD trustees approve consent agenda, insurance renewal, bond refunding and a resolution urging higher state school funding

Carrollton‑Farmers Branch Independent School District Board of Trustees · October 3, 2024
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Summary

At its Oct. 3 meeting the Carrollton‑Farmers Branch ISD board approved the consent agenda and several action items including renewal of property/casualty insurance (~$4.8M), a resolution urging the governor and legislature to increase school funding, delegated authority to issue unlimited tax refunding bonds, and appointment of a Denton CAD nominee; all votes were unanimous.

The Carrollton‑Farmers Branch ISD Board of Trustees voted unanimously on multiple items at its Oct. 3 meeting.

The consent agenda was approved on a motion by Kim Brady, seconded by Carolyn Benavides; the chair announced the motion carried 7–0. Items included routine personnel, purchasing and contract renewals (including the instructional renewals described in staff presentations).

Trustees then adopted a resolution urging the governor and legislature to increase the basic funding allotment to address educator and staff compensation and underfunded mandates. Trustee Cassandra Hatfield read the resolution, which references the Governor’s Teacher Vacancy Task Force and argues the state has not kept pace with inflation; the motion to adopt was moved by Hatfield and seconded by Ileana Garza Rojas and passed 7–0.

The board approved the annual renewal of property/casualty and liability insurance prepared by Roach, Howard, Smith & Barton for just over $4.8 million (staff noted this was under budget but reflects a 12.75% premium increase from the prior year). The motion to approve was made by Kim Brady and seconded by Cassandra Hatfield; vote 7–0.

As part of item 6d the board voted to adopt an order authorizing the issuance of unlimited tax refunding bonds, Series 2024, and delegated final sale authority to district staff; the motion was made by Cassandra Hatfield, seconded by Kim Brady and passed 7–0. Financial advisers indicated the refunding could target roughly $16.825 million of callable bonds and produce estimated gross savings of about $437,000 in the then‑current market snapshot.

Finally, the board moved to nominate a candidate to the Denton Central Appraisal District board (Mike Hanniford) and approved the nomination unanimously; the Dallas County slot was left open pending further vetting.

All recorded votes in open session were unanimous (7–0).