Detroit FRC School District Meeting Minutes November 15, 2021

Detroit Financial Review Commission

SCHOOL DISTRICT REGULAR MEETING

Monday, November 15, 2021

Following the City's Regular Meeting

(Begins no earlier than 1:05 p.m.)

Hybrid Meeting

In person venue: 3062 W. Grand Blvd, Detroit 48202, Room L150

and

Microsoft Teams

MINUTES

Approved: December 13, 2021

1. Call to Order
   1. Madame Chair, Rachael Eubanks called the meeting to order at 1:14 p.m.

2. Roll Call              

Members Present - 9

• Dr. Barnwell
• Rachael Eubanks
• Chris Harkins
• David Nicholson
• Angelique Peterson-Mayberry
• Jay Rising -(non-voting on DPSCD matters)
• Ron Rose
• Dr. Vitti
• John Walsh

Members Absent - 1

• Brenda Jones (non-voting on DPSCD matters)

Let the record show that eight (8) Commission members eligible to vote on matters relating to DPSCD were present. A quorum was present.

3. Approval of proposed Minutes from the FRC's October 25, 2021, School District Monthly Meeting
   1. Motion made by Commissioner Peterson-Mayberry and supported by Commissioner Nicholson to approve the draft minutes of the Commission's October 25, 2021, School District Meeting. The Commission approved the minutes of the October 25, 2021, meeting as presented.
4. Executive Director's Report
   1. Patrick Dostine, Executive Director, informed the meeting that in reviewing the Community District's monthly report, ending September 30, 2021, the Community District continues to pay its debt obligations, remains in compliance, and there is no reason to consider rescinding the waiver at this time.
5. Old Business
   1. None
6. New Business:
   1. Consideration of 2022 Regular Meeting Schedule (FRC School District Resolution 2021-1)
      1. Motion made by Commissioner Rose and supported by Commissioner Peterson-Mayberry to approve the FRC's 2022 Regular Meeting schedule (FRC School District Resolution 2021-1) The Commission approved School District's Resolution 2021-1 as presented.
   2. School District's Year-two Waiver Renewal Request - Presentation
      1. Jeremy Vidito, CFO and Dr. Nicholai Vitti, District Superintendent, gave a detailed presentation to the FRC Commission. The presentation included an overview of DPSCD's: F2F and virtual options in 2021-22; summary of DPSCD's budget; the district's response to COVID; fall 2022 student FTE count; a three year budget summary; projected budget through 2024; the establishment of a project office to manage the programs associated with the $1.2 billion in supplemental COVID-19 funding; current facility investments; 20 year facility master plan; DPS/DPSCD's financial audit results; DPSCD's finance & procurement progress, and the FY 22 COVID procurement.
      2. Mr. Vidito also stated that DPS continued to maintain a balanced budget in FY 21 and made all operating and capital debt payments on-time. He further reported that DPS entered into a mutual agreement with all relevant parties to release the accumulated funds in the retained percentage account for operating debt and noted that DPS is expected to repay its operating debt by 2026. Mr. Vidito informed the meeting that DPS and DPSCD completed the audit with zero audit findings and thanked the staff, and the processes and procedures that were put in place to achieve this.
      3. He concluded that both DPS and DPSCD have met all the requirements in Section 8 (2) of Act 181 of 2014 for year-two waivers. They addressed questions from the commission.
7. Public Comment
   1. Michelle George
8. Next Meeting Date
   1. School District Regular Meeting: Monday, December 13, 2021, following the City Meeting, beginning no earlier than 1:05 pm. This will be a hybrid meeting (in-person and via Microsoft Teams) the venue for in-person participation is: 3062 W. Grand Blvd, Detroit 48202 room L150.
9. Adjournment
   1. Motion made by Commissioner Rose and supported by Commissioner Peterson-Mayberry to adjourn. The Commission approved the motion to adjourn.
   2. There being no further business, the meeting adjourned at 2:20 p.m.

Signed by Beverly C. Greaves, 11-15-2021