June 25, 2024 at 6:30 PM - Regular Meeting

Description:  This is a meeting of the Board of Education in public for the purpose of conducting the School District's business and is not to be considered a public community meeting.

Description:  This meeting was noticed by way of publication in the Waterford Post on Thursday, June 20, 2024, was posted at the District Office (Door #7) and at Entrance #19, and was published on the District's website. Minutes from the regular board meeting of April 15, 2024 and from the special meeting of May 6, 2024 are posted on the District's website.

Description:  Leanne Ludwig, previously employed as a special education program assistant, has completed her educator training program to obtain a DPI license as a special education teacher. Leanne will be filling the case manager/teacher position recently vacated by Liz Mahnke and has been offered a 1.0 FTE contract for the 2024-25 school year.

Description:  At this time the board would like to invite any member of the audience to stand with comments about items of interest or concern that do or do not appear on the agenda this evening. Please begin by stating your name and address. It would be appreciated if you would limit your comments to three minutes so that we can keep the meeting moving in a timely fashion and allow others an opportunity to speak. We ask that you remember that Wisconsin law prohibits us from discussing specific employees or their job performance. Thank you for your support of our school district.

Description:  ProHealth Care partners Vicki Dallmann-Papke, VP Population Health Management and Laura Anderson, Manager Occupational Health, will be at the meeting to share an overview of the near-site clinic arrangement being offered to WUHS employees. 

Description: 

I've prepared a summary of Waterford UHS's four-year claim history for your review. Notable points include:

1. For the upcoming academic year, SAS renewed the policy at current rates despite a 134.26% loss ratio in the most recent completed school year.
2. Analysis suggests claims typically fall below premium in most years, with occasional loss years for the insurer.

Financial considerations:

1. The peace of mind provided by the policy may justify its expense.
2. However, projections indicate self-funding could be more economically advantageous over a 4+ year period.
3. Self-funding would incur administrative costs. Currently, premiums are at $15,000 annually.

The board is now tasked with deciding whether to maintain or discontinue student supplemental insurance coverage.

Description:  Policies updates are attached and will be brought to the Board for action in June.

Description:  The list of proposed student fees for the 24-25 school year includes a slight increase for all elective courses to help cover the increasing costs of materials. These fees have not increased in the past several years. Additional increases are proposed for PIE, CAPP, and AP fees to cover increases in those specific programs. Athletic fees, student registration, parking, and technology fees will remain the same.

Description: 

Summary: Moody's has issued an annual comment on Waterford Union High School District, maintaining its Aa2 issuer rating. The report provides the district's key financial and demographic indicators compared to Aa-rated median values.

Key points:

1. The district's full value grew to $2.58 billion in 2023, with full value per capita at $123,754 (2022 data).
2. Enrollment has been declining, with a 3-year compound annual growth rate of -3.6% as of 2023.
3. In 2023, the available fund balance ratio was 29.7% of operating revenue, above the Aa median of 28.9%.
4. The district's long-term liabilities ratio decreased to 104.4% in 2023, well below the Aa median of 339.9%.
5. Fixed-costs ratio was low at 4.4% in 2023, compared to the Aa median of 12.2%.

Pros of a good Moody's report:

1. Demonstrates financial stability and creditworthiness to potential investors and stakeholders.
2. May lead to lower borrowing costs for future bond issuances.
3. Validates the district's financial management practices.
4. Can boost confidence in the district's leadership among community members.
5. Provides benchmarks for comparison with peer districts.

Overall, the Moody's report suggests that Waterford Union High School District maintains a strong financial position relative to its peers, despite some challenges such as declining enrollment.

Description:  Reconvene in Executive Session under Wis. State Statutes 19.85 (1) (c) considering employment, promotion, compensation, or performance evaluation data of any public employee over which the governmental body has jurisdiction or exercises responsibility.