Detroit FRC School District Meeting Minutes December 19 2022

Detroit Financial Review Commission

SCHOOL DISTRICT REGULAR MEETING

Monday, December 19, 2022

Following the City’s Regular Meeting

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

Via Microsoft Teams

MINUTES

Approved: January 30, 2023

1. Call to Order
   1. Madame Chair, Rachael Eubanks called the meeting to order at 1:10 p.m.
2. Roll Call
   1. Let the record show that seven (6) 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 November 14, 2021, School District Monthly Meeting
   1. Motion made by Commissioner Vidito and supported by Commissioner Harkins to approve the draft minutes of the Commission’s November 14, 2022, School District Meeting. The Commission approved the minutes of the November 14, 2022, meeting as presented.
4. Executive Director’s Report
   1. Patrick Dostine, Executive Director, informed the meeting that in reviewing the Community District’s monthly reports, ending October 31, 2022, 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.
   2. Mr. Dostine also noted that throughout the first waiver-year, DPSCD and the DPS have been diligent in providing the Commission with timely submissions of information and monthly, quarterly, and annual reports as required in Resolution 2020-23 for DPSCD and Resolution 2020-6 for DPS.
   3. Based upon a review of the DPSCD’s and DPS’ financial information, submitted reports, additional information presented during the finance and contracts subcommittee meetings, and the district’s comprehensive presentation to the FRC on November 14, 2022, there is no indication that any of the circumstances requiring rescission under section 8(3) of the Act of the waiver granted to DPSCD or DPS have occurred. Also, based on the above-mentioned information, there is not a substantial likelihood that any circumstance requiring rescission under section 8(3) of the Act of the waiver granted to DPSCD or DPS will imminently occur. Therefore, he recommended that the Commission acknowledge that the waivers continue in effect by adopting Resolution 2022-2.
5. Old Business
   1. None
6. New Business:
   1. DPS/DPSCD Overview of Financial Highlights
      1. Chief Financial Officer, Jeremy Vidito gave an overview of the financial highlights for the School District of the City of Detroit (DPS) and Detroit Public Schools Community District, noting that DPS continues to maintain a balanced budget and made all operating and capital debt payments on-time. Mr. Vidito also stated that DPS and DPSCD completed the audit with zero audit findings. He addressed questions from the Commission.
   2. Consideration, resolution recognizing continuing waivers for the School District of the City of Detroit (DPS) and the Detroit Public Schools Community District per MCL 141.1638 (FRC Resolution 2022-2)
      1. Motion made by commissioner Rose and supported by commissioner Barnwell to recognized continuing waivers for the school district of the City of Detroit (DPS) and the Detroit Public Schools Community District (FRC Resolution 2022-2) as presented. Motion moved and supported. The Commission approved Resolution 2022-2 as presented.
7. Public Comment
   1. None
8. Next Meeting Date
9. Adjournment
   1. Motion made by Commissioner Vidito and supported by Commissioner Rose to adjourn. The Commission approved the motion to adjourn.
   2. There being no further business, the meeting adjourned at 1:25 p.m.

Roll Call:

Members Present – 7

• Dr. Barnwell
• Rachael Eubanks
• Chris Harkins
• Jay Rising (non-voting on DPSCD matters)
• Ron Rose
• Jeremy Vidito
• John Walsh

Members Absent – 3

• David Nicholson
• Angelique Peterson-Mayberry
• Mary Sheffield (non-voting on DPSCD matters)