July 23, 2025 at 3:00 PM - Regular Meeting
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1. CALL TO ORDER
Discussion:
Tim Arledge called the meeting to order at 3:00pm.
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1.a. INVOCATION
Discussion:
Mike Vance delivered the invocation.
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1.b. PLEDGE OF ALLEGIANCE - US FLAG & TEXAS FLAG
"Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." |
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2. CITIZEN'S COMMUNICATION
Discussion:
No citizens were present for citizens' communication.
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3. CONSIDER AND TAKE ACTION ON CONSENT AGENDA
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3.a. APPROVE MINUTES OF THE JUNE 25, 2025 - REGULAR MEETING
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4. CONSIDER NEW BUSINESS
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4.a. DISCUSSION AND POSSIBLE ACTION TO ACCEPT 2ND QUARTER TLO REPORT
Discussion:
The TLO second quarter report was tabled due to the absence of the officer.
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4.b. DISCUSSION AND POSSIBLE ACTION ON APPROVING 2ND QUARTER INVESTMENT REPORT
Discussion:
Mr. Nichols presented the second quarter investment report, providing an overview of current interest rates and account balances, along with a comparative analysis of second-quarter data from the past two years.
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4.c. DISCUSSION AND POSSIBLE ACTION ON ACCEPTING 2024 FINANCIAL AUDIT AS PRESENTED BY STACEY MCGEE FROM ROBERTS & MCGEE, CPA
Discussion:
Stacey McGee of Robert’s & McGee, CPA, presented the 2024 audit report, issuing a clean audit with no modifications.
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4.d. DISCUSSION AND POSSIBLE ACTION ON ACTUARIAL SERVICES FROM RUDD AND WISDOM, INC.
Discussion:
Mr. Nichols presented a proposal from Rudd and Wisdom for actuary services.
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4.e. DISCUSSION AND POSSIBLE ACTION ON AMENDING PERSONNEL POLICY
Discussion:
Mr. Nichols discussed amending the personal policy to remove the retiree insurance portion of the policy.
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4.f. DISCUSSION AND POSSIBLE ACTION TO ACCEPT JUNE FINANCIAL REPORTS
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4.f.i. FINANCIAL COMMITTEE REPORT
Discussion:
Mr. Vance began the June financial committee report by reviewing the balance sheet in detail, along with the reconciliation report and the 2025 budget line item report.
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4.g. DISCUSSION ON FUTURE AGENDA ITEMS
Discussion:
Mr. Nichols mentioned a few items he will be adding to the next meeting agenda.
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5. THE BOARD MAY, IN ITS DISCRETION ADJOURN TO EXECUTIVE SESSION TO DELIBERATE ANY MATTER AUTORIZED BY TEXAS GOVERNMENT CODE SEC. ET SEQ (THE TEXAS OPEN MEETINGS ACT) INCLUDING:
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5.a. SEC 551.071; CONSULTATION WITH LEGAL COUNSEL
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5.b. SEC 551.074; PERSONNEL MATTERS
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6. CHIEF APPRAISER REPORT
Discussion:
Mr. Nichols began the Chief Appraiser's report by informing the Board that there were 4,430 protests filed this year, double the number from the previous year. He noted that approximately 1,800 protests remain open: however, with 95% completed, the tax roll was certified on time. Mr. Nichols informed the Board of an upcoming legislative change, effective in September, that will impact the required timing for posting meeting agendas. He then stated his intention to hold a Finance Committee meeting and a Budget Workshop prior to the next monthly Board meeting.
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7. ADJOURNMENT
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