The Galt Joint Union Elementary School District (GJUESD) Board of Education convened on May 25, 2025, to discuss several key items, including financial matters and infrastructure improvements.
A significant highlight of the meeting was the approval of the underwriter for the Measure H general obligation bonds, with Morgan Stanley & Company, LLC selected for this role. This decision was documented in the board minutes and will be followed by a comprehensive report from financial advisers regarding the bond sale scheduled for June.
The board also addressed various student matters, approving multiple items with unanimous votes. These included actions related to specific student cases, demonstrating the board's commitment to addressing individual student needs.
Another critical topic was the establishment of a trust for post-employment benefits, known as OPEB. The board approved Resolution Number 18, which allows the district to begin the process of setting up this trust. The chief business official will serve as the district plan administrator. The trust aims to manage funds effectively, with an anticipated annual fee of 0.323% and a projected five-year return of approximately 6.49%.
In terms of infrastructure, the board discussed the Valley Oaks administration building expansion, marking it as the first project funded by Measure H. The proposed plan includes significant renovations and an addition of 1,000 square feet to the existing structure, which is currently limited in space. The board approved the engagement of 19 6 Architects to begin the design process, with hopes of expediting the timeline for necessary approvals.
Lastly, the board reviewed the annual report on arts and music in schools, a requirement following the receipt of Proposition 28 funding. This report outlines expenditures and allocations for arts and music programs, emphasizing the district's commitment to enhancing educational offerings in these areas.
Overall, the meeting underscored the board's proactive approach to financial management and infrastructure development, aiming to improve educational facilities and resources for students in the Galt Joint Union Elementary School District.