At the parents meeting Thursday night, Dr. Adil Baguirov cited yet another set of figures for student and money loss, now claiming the loss is closer to $3 million- and that the students discrepancy was off by 8 students. Yes, we know that student counts vary, but the funding shouldn’t yo-yo like this mid-school year. He also claimed that the reserves aren’t at the sacred “10% level” needed for bond ratings from the same losers at Wall Street that ranked junk securities AAA and threw this country into economic chaos- and then in today’s paper- their treasurer, Hiwot Abraha, claims they are on track.
At Thursday’s meeting, DPS parent Dave Fanjoy asked, given howmuch money the district has in reserve, why DPS chose to make the cuts in the middle of the school year.
Baguirov pointed out that the district’s bond rating was recently downgraded by one agency, in part because its reserve levels might be at risk if there was an economic downturn.
“Their requirements are always above 10 percent of the revenue in the budget,” Baguirov said. “We do not even have that 10 percent as of today.”
DPS Treasurer Hiwot Abraha confirmed Friday that DPS does narrowly have more than 10 percent in reserve today. According to the five-year forecast that the school board approved a month ago, that figure was just over 11 percent this past summer, and is projected to march upward to 13 percent this coming summer, 15 percent in 2018, and 17 percent in 2019.Asked about those numbers Friday, Baguirov pointed out that DPS had been below that 10 percent level in recent years.
It seems that Baguirov and Abraha can’t get their figures straight- and the district has suffered a huge PR and credibility blow- because Abraha can’t give the board legitimate numbers. This was never a problem under former Treasurer Craig Jones who wasn’t retained by this board- and is currently suing them for not following the law on his dismissal. The 19 fired “administrators” from Nov 8th- may have the same basis for lawsuits.
But, if we need proof that Abraha’s office is a mess, a parent just called me to share that her $250 transportation check from the district (compensation for driving her kid to a charter school instead of using DPS buses) bounced- and she was charged a bank fee- that the district will be liable for.
It would seem that besides not being able to manage an RFP for marketing services properly, or giving the board correct info on loss of dollars or students, the treasurers office can’t keep their accounts balanced either.
At this point- it should be easy to fire the treasurer, but the public should really be looking at firing the school board. There has never been this much turmoil in the district- and it comes down to the Board’s hiring of Rhonda Corr and promoting Hiwot Abraha- instead of keeping Lori Ward- who took the district out of academic emergency (but Corr got a $7,500 bonus for it) and keeping the steady financial hand of Craig Jones.
If you need further proof that the public has had it with this board, the staff has had it with Corr, note that a video posted of a parents meeting has 37 views in 12 hours, without me promoting it.
Other than Baguirov spouting off new “numbers”- the interesting parts are he responds to my question about the para’s firing this upcoming Tuesday- with “we probably won’t fire them until summer,”
If you need an indication why the district can’t keep jobs filled, this kind of inspiring statement should be all you need to know.
There is also an exchange between the parent who was disrespected by Joe Lacey and Dr. Hazel Rountree and Ms. Hazel, where she blows off the parent’s concerns for being talked to like a child in front of her child. As Hazel sits in denial, people chime in “watch the video”- which went organically viral on Facebook with over 5,600 views and almost 150 shares within days of posting.
And as that conversations ends, Dr. Walker apologizes for the boards behavior, but doesn’t apologize for the RIF (even if the numbers were wrong).
At some point, the public should be able to get a full and honest accounting of not only the costs of the bad marketing, that caused the loss of students, which created the funding shortfall, which caused the RIF mid-school year in an emergency that caused the loss of faith and respect of all involved and brought massively bad PR to the district and has employee morale at an all time-low.
Maybe a bounced check will be the final straw that broke the camels back.