October 19, 2010 at 6:45 p.m.

CSISD Board Room



President Randall Pitcock called the meeting to order at 6:47 p.m. and declared a quorum was present with five members present.



In attendance were President Randall Pitcock, Secretary Paul Dorsett, and Trustees Carol Barrett, Charlotte Slack, and Jeff Harris.  Trustee Garland Watson was absent.  Vice President Valerie Jochen was absent. 



C-1.  Consideration, discussion and possible action related to the Financial Management Report for the 2008-2009 Fiscal year and overview of School FIRST (Financial Integrity Rating System of Texas) and the most recent rating for College Station ISD

Superintendent Eddie Coulson recognized Deputy Superintendent Glynn Walker who reported to the Trustees related to the Financial Management Report for the 2008-2009 Fiscal year and overview of School FIRST and the most recent rating for CSISD.  The report is based upon 24 indicators, with six of those being cr5itical indicators that can result in automatic failure.  Critical indicators include fund balance, total unrestricted net assets in statement of net assets, no disclosures in annual financial report concerning default on bonded indebtedness annual financial report filed within one month of deadline, unqualified “clean” opinion on Annual Financial Report, and no material weaknesses in internal control disclosed in Annual Financial Report.  Other indicators include academic rating, tax collection percentage, PEIMS data quality, debt related expenditures per student, no material noncompliance disclosed in annual financial report, full accreditation related to financial management practices, percentage of operating expenditures spent on instruction greater than 60
%, percentage of operating expenditures spent on instruction less than 65
%, budget expenditures less than total revenues plus fund balance, construction projects adequately financed, cash and investments ratio to deferred revenues in general fund less than equal, administrative cost ratio, student to teacher ratio, total fund balance in general fund greater than 50% and less than 150% of optimum fund balance, decrease in undesignated, unreserved fund balance less than 20% over last 2 years, total of general fund cash and investments greater than 0, and investment earnings in all funds greater than $20 per student.


College Station ISD received a rating of Superior Achievement and a score of 85.  (The top range ratings are 75-85 – Superior Achievement.)


Other required disclosures include:  superintendent’s current employment contract, reimbursements received by superintendent and board members for 08-09, outside compensation received by superintendent for 08-09, gifts received by executive officers and board members in 08-09, and business transactions between the district and board members for 08-09.



Without objection, President Pitcock adjourned the meeting at 6:50 p.m.





RANDALL PITCOCK                                              PAUL DORSETT                                        

RANDALL PITCOCK                                              PAUL DORSETT

PRESIDENT                                                             SECRETARY