Excerpts from the Regular Meeting of the Cypress School District 
Board of Trustees held on April 9, 2020
BOARD ACTIONS
Biennial GASB 75 Actuarial Valuation Study
The Board approved an agreement with Total Compensation Systems, Inc., for a biennial GASB 75 actuarial valuation study at a cost of $9,900. Governmental Accounting Standards Board Statement No. 75 requires that governmental agencies calculate and report the present liability for future non-pension benefits for employees and retirees.

Recognition of Certificated and Classified Employees
The Board adopted resolutions designating May 13, 2020, as Day of the Teacher and May 18-22, 2020, as Classified School Employee Week to honor the district's certificated and classified employees for their dedicated service. 

Refinancing of District’s Outstanding 2013 Certificates of Participation
The Board adopted Resolution 190-17 authorizing actions necessary to refinance the district’s outstanding 2013 Certificates of Participation. This refinancing transaction is expected to result in over $1 million in savings to the district. 
INFORMATION ITEMS
Williams Legislation Uniform Complaints, Third Quarter 2019/20
The Board received a report that the district received no complaints during the third quarter of the 2019/20 school year of deficiencies related to instructional materials, emergency or urgent facilities conditions that pose a threat to the health and safety of pupils or staff, or teacher vacancy or misassignment.
FULL BOARD AGENDA
Additional information from the Board Meeting is available  here .
NEXT MEETING(S)
Regular Meeting: Thursday, May 14, 2020 - Open Session 7:00 p.m.
BOARD OF TRUSTEES 
Candi Kern - Sandra Lee - Brian Nakamura - Bonnie Peat - Lydia Sondhi, Ph.D. 
 
SUPERINTENDENT 
Anne Silavs