January 15, 2024 at 6:00 PM - Regular School Board Meeting
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I. Call Meeting to Order - Meeting Notification
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II. Introduction of Guests
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III. Approval of Agenda
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IV. Correspondence
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V. Board Actions
Description:
Comments:
Rationale:
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V.1. Other
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V.1.a. Construction Engineers Payment Application 22060018 $921,410.00
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V.1.b. Construction Engineers Payment Application 2218-01B012 $33,585.65
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V.1.c. JLG Invoice # 20267-25 $665.11
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V.1.d. Harold Rolfson Living Trust Donation
Description:
The district received a donation through the ND Community Foundation. Its intent funds an afternoon snack at the elementary level. Dr. Holen and Mr. Hebert received further direction from Renae Johnson via phone conversation.
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V.1.e. ND DPI Audit Findings
Description:
Fiscal reviewed the 2022 audit by Rath & Meyer. They find no concern with the findings presented. No action is required by MCPSD1.
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V.1.f. Mineral Tracker
Description:
Quarterly Report Quarter 3 2023
Comments:
Two more Whiting wells adjusted to the School District’s full participating interest. As you may recall, MCSD remained unleased under the Wold wells and declined to participate in the drilling of the wells. Per ND Century Code, MCSD is granted a statutory 16% royalty interest in the wells until they fully payout the drilling and completion costs plus a 50% penalty. Once the penalty payout has been achieved, MCSD’s interests increase to its full ownership in the unit (rather than the 16% royalty). It is worth noting that MCSD incurs operating expenses once the payout occurs, but Chord deducts that directly from the monthly check. For scale of reference, MCSD’s last check from Chord was for a gross value of $1,061.93, from which $237.95 was deducted for transportation and marketing and $64.11 was deducted for operating expenses. The net check amount came to $759.87.
Rationale:
We have been monitoring Hess’s payments following the new HA-Dahl wells they brought online last year. The deductions they are charging are greater than the MineralTracker estimate. Unfortunately, Hess has a reputation for charging high deductions and there are several lawsuits currently being brought against Hess for exactly this issue. MCSD’s oil and gas lease under these wells is from 1951, which is well before post-production deductions were commonly addressed in oil and gas leases. Like most executed back then, MCSD’s lease does not specifically protect it from post-production deductions.
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V.1.g. Activity Bus Purchase Bids 2024
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V.1.h. Black Diamond Snow Removal Contract 2023-2024
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V.1.i. Flood Control and GPT revenue comparisons 2022/23 and 2023/24
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VI. Recognition of Activities
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VII. Administration Reports
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VII.1. Superintendent - Dr. Holen
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VII.2. Director of Teaching and Learning Report - Ms. Krogen
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VII.3. Activities Director Report - Mr. Foss
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VII.4. Other reports
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VII.4.a. Human Resources & Sub Fill Rate Report
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VII.4.b. Transportation Monthly Report
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VII.4.c. Wolf Run Housing Financial Reports
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VIII. Old Business
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IX. New Business
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X. Policy
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X.1. Policy - Second Reading Recommendations
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X.2. Policy - First Reading Recommendations
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XI. Committee Reports
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XI.1. Policy Committee Meeting Minutes 1-8-2024
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XII. Set date of next meeting
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