STAFF REPORT
Glasgow News 1
The Caverna Independent Schools Board of Education is scheduled to meet Thursday at 5 p.m. at the district’s central office to discuss key financial issues impacting local schools,
This session will focus on evaluating and approving the audit for the fiscal year 2025.
In addition, the board will explore a resolution authorizing the issuance of 2026 Building Revenue Bonds. This topic will be addressed during the special-called District Finance Corporation meeting.
As these discussions involve significant financial decisions for Caverna Independent Schools, the local community’s engagement and understanding of the proceedings hold critical importance.
– Meeting Date and Time: Feb. 12 at 5 p.m.
– Location: Caverna Independent Schools central office
– Primary Topics: 2025 fiscal audit review and 2026 Building Revenue Bonds
The full agenda and the special-called district finance corporation’s agenda are below:
1. Pledge of Allegiance and Invocation
2. Public Comment
3. Approve Agenda as Prepared and Presented.
4. Superintendent Reports:
-Student Recognitions
-Staff Recognitions
-Presentations
-Personnel Report (Uploaded to Drive)
5. Consent Items
-Board Minutes from January 8, 2026 Meeting.
-Orders of the Treasurer
-Finance Reports, Monthly Activity Funds, Lunchroom Accounts
-Bus Inspections
-Superintendent’s Travel
-Seasonal Travel
-Grants
-School Wide Fundraisers/Field Trips
6. Accept Donations over $1,000.00
-Caverna Independent (Glory Road Game) $1000
7. Approve Financial Audit FY 2025.
8. Approve Revised BG1 for the Caverna Independent Misc. Projects.
9. Approve Change Order #1 (Add Security Vestibules) for the Caverna Football/Baseball Restroom Building Project.
10. Approve Staffing Plan for the 2026-2027 School Year.
11. Approve FRYSC Assurance Certification for 2026-2028.
12. Consider Approval of a Resolution Authorizing a Contract, Rent and Lease Option with the Caverna Independent School District Finance Corporation and Approve all other Documents in Connection with the Proposed Caverna Independent School District Finance Corporation Series of 2026 Bond Issue.
13. Recess For Special Meeting of Caverna Independent School District Finance Corporation Meeting (Go to Special Finance Corporation Agenda)
14. Reconvene Regular Board of Education Meeting.
15. Adjournment.
Finance Corporation:
I. Call to Order
II. Election of Officers
Consider the Election of Officers of the Caverna Independent School District Finance Corporation as Presented Below:
Ms. Jennifer Briggs, President
Ms. Jennifer Ballard, Vice President
Ms. Amanda Abell, Secretary
Ms. Lisa Austin, Treasurer
Ms. Allison Dennison, Director
Mr. Wayne Hatcher, Director
Ms. Gina Lyon, Director
III. 2026 Bond Issue
Consider a resolution authorizing the issuance of the Caverna Independent School District Finance Corporation School Building Revenue Bonds, Series 2026, advertising for sale of bonds and approving all other documents in connection with the sale and issuance of the bonds to include the adoption of Continuing Disclosure Policies Procedures
IV. Adjournment
Michael Crimmins with Glasgow News 1 contributed to this reporting.
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