November 18, 2025 at 5:00 PM - St. Paul City School Board Meeting

Description:  Open for public comment.

Description:  Items in the Consent Agenda are approved all at once.

Description:  Abdo will present our FY25 Audit. The Board is required to "accept the audit"

Description:  Sean will share background on CSP II, our "ABC".

Description: 

Terms:

• Amount: $650,000
• Rate: Variable at WSJ Prime + 1.50% (8.75% today) with a floor of 6.00%
• Term: 15 months (will mature 1/31/2027)
• Payments: Interest-only on amount advanced
• Collateral: all business assets
• Renewal fee: $15

Loan covenants also remain the same, as follows:

• Debt Service Coverage of 1.15x as measured at FYE
• Maintain 30 Days Cash on Hand as measured at FYE
• Fully rest the RLOC ($0 balance) for a minimum of 30 cumulative days during each FYE
• Continue to maintain primary banking deposit relationship with Sunrise.

Description:  This is the same policy on investments that was presented in October and is a mirror of the MSBA policy.

Description:  Approval of Resolution Authorizing Participation in the Minnesota School District Liquid Asset Fund (MSDLAF). The will allow SPCS to invest in this account.
 

Description:  We are required by law to have a Language Access Plan that has been approved by the Board. This plan was developed using MACS, MDE, and other District resources.

Description:  The changes to this policy include changing the policy approval requirement from two meetings to one and Superintendent to Executive Director.

This change will allow us to move more quickly through the many policies that still need to be updated.

Description:  SPCS has many policies that are currently on record that are either a duplicate of another policy or an internal procedure rather than a Board policy.

This agenda items is approval of eliminating all polices on the attachment.

Description:  Leslie Allred, Nicole Peterson, and Tavaris Clinton will present an update on their areas of leadership.