CANADIAN INDEPENDENT SCHOOL DISTRICT 800 Hillside Canadian, Texas 79014-3299 MINUTES OF THE BOARD August 26, 2008

The Canadian Independent School District Board of Education met in special session on Tuesday, August 26, 2008 at 5:00 p.m. in the School Administration Building. Those present were: Mitch Ashley, presiding, Salem Abraham, Larry Gatlin, Allen Hadaway, John C. Isaacs, Ken King, Randy Walser, Superintendent, Frank Belcher, Business Manager, Cindy Moore, And Canadian Record editor, Laurie Brown. INVOCATION Mr. Ashley gave the invocation. PUBLIC COMMENT There was no public comment. MINUTES Mr. Hadaway moved to approve the minutes of the August 12, 2008 regular meeting. Mr. Isaacs seconded the motion. It passed unanimously. REPORTS/DISCUSSION ITEMS A public hearing to discuss the proposed 2008-2009 budget was held. A public hearing to discuss the proposed 2008 tax rate was held. CONSIDER ALL MATTERS INCIDENT AND RELATED TO THE ISSUANCE AND SALE OF CANADIAN INDEPENDENT SCHOOL DISTRICT UNLIMITED TAX SCHOOL BUILDING BONDS, SERIES 2008 Mr. Gatlin moved to approve an order authorizing the issuance and sale of Canadian Independent School District Unlimited Tax School Building Bonds, Series 2008; and enacting other matters relating to the subject. Mr. Hadaway seconded the motion. It passed unanimously.

CONSIDER/APPROVAL OF THE REDEMPTION OF THE DISTRICTS REMAINING OUTSTANDING SERIES 2007 UNLIMITED TAX BONDS DURING FISCAL YEAR 2009 Mr. Isaacs moved to approve the redemption of the Districts remaining outstanding Series 2007 Unlimited Tax Bonds during fiscal 2009. Mr. Abraham seconded the motion. It passed unanimously. CONSIDER/APPROVE THIRD PARTY AGREEMENT AMERICAN PLAN ADMINISTRATORS, INC WITH GREAT

Mr. Isaacs moved to approve the third party agreement with Great American Plan Administrators, Inc. Mr. King seconded the motion. It passed unanimously. CONSIDER/APPROVE BID FOR BRICK REPLACEMENT There were no bids to consider at this time, no action was taken. CONSIDER/APPROVE 2008-2009 BUDGET Mr. Abraham moved to approve the 2008-2009 budget as presented. Mr. Hadaway seconded the motion. It passed unanimously. CONSIDER/APPROVED 2008 TAX RATE Mr. King moved that property taxes be increased by the adoption of a 2008 tax rate of $1.25 per 100 dollars of valuation, of which .94 is for the purpose of maintenance and operation and .31 for the purpose of payment of principal and interest on interest & sinking funds. Mr. Hadaway seconded the motion. It passed unanimously. CONSIDER/APPROVE BUDGET AMENDMENTS There were no budget amendments at this time, no action was taken. EXECUTIVE SESSION The Board did not enter into executive session. There being no further business, the meeting adjourned. The next regular board meeting will be Tuesday, September 16, 2008 at 6:30 p.m.

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