Beruflich Dokumente
Kultur Dokumente
3,000
1,096
2,500 949
857
2,000 808 808 797
830 840 826 758
1,037 810
873
1,500
727 676 617 549 587 606 648 669 656
1,000
1,219 1,089
500 945 914 867 832 863 861 865 854 821
-
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
Central 1,219 1,089 945 914 867 832 863 861 865 854 821
East 1,037 873 727 676 617 549 587 606 648 669 656
South 1,096 949 857 808 830 810 840 826 808 797 758
Total 3,352 2,911 2,529 2,398 2,314 2,191 2,290 2,293 2,321 2,320 2,235
Focused on Students and Student Success Source: May 2018 Kasarda Study
Expenditure Forecast by Numbers
RICH CENTRAL SYSTEM EXPENDITURE 0-5 Years 6-10 Years 11-20 Years
System
FORECAST
Structure $ 16,400
Façade $ 42,500 $ 508,700
Roofing 2,364,800 282,800
Interiors 2,211,893 2,222,429 4,263,200
Elevators 12,800 210,800 215,600
Plumbing 138,700 242,000 107,700
Fire Suppression 1,119,100 220,100
HVAC 6,983,100 214,300 2,263,300
$20,444,393
Electrical 4,915,000 385,900 147,600
Fire Alarm & Comm 1,366,800 1,004,000 1,872,000
$13,136,600 Equipment/Special 199,600 478,800 311,300
Site Development 119,400 470,700 2,414,300
$6,123,929
Pavement 630,700 375,700 801,300
Site Lighting 231,600
0-5 YEARS 6-10 YEARS 11-20 YEARS Landscaping 330,000
Follow-Up Studies 10,000
Total $ 20,444,393 $ 6,123,929 $ 13,136,600
$2,000,000
$1,406,603
$1,500,000
$789,401
$1,000,000
$500,000
$0
$(2,196)
-$500,000
$(754,794)
-$1,000,000
2018- 2019- 2020- 2021- 2022- 2023-
2019 2020 2021 2022 2023 2024
Sound Stewardship of District Finances
Information Sharing Timeline
• December 11 – January 11
• Student Discussion/Forums
• December 11, 2018
• Staff Discussion/Forums
• December 12, 2018
• Community/Parent Forums
• December 13, 2018
• December 19, 2018
• January 3, 2019
• January 10, 2019
• Parent Email
• January 12th and January 13th
A Summary of the Results
• Close one school
• Consolidate campuses
• Consider the enrollment trend data
• Board transparency in decision making
Options
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Option 1 – Financing
• Requires a change in legislation
• Requires referendum
• Percentage Increase in Overall Property Tax Bill = 3%
• Percentage Increase in Property Tax Rich Portion = 9%
• Percentage Increase in Property Tax Rich Bond Amount = 109%
Option 2
Upgrade All Facilities and Address Facility
Needs
Cost Estimates/Financing
Timeline
Upgrade All Facilities and Address Facility Needs
Includes new Field House, Pool and Secure Entrance Additions
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Option 2 – Financing
• Requires a change in legislation
• Requires referendum
• Percentage Increase in Overall Property Tax Bill = 15%
• Percentage Increase in Property Tax Rich Portion = 41%
• Percentage Increase in Property Tax Rich Bond Amount = 516%
Option 3
Upgrade and Consolidate to Two Schools
in District
Cost Estimates/Financing
Timeline
Upgrade and Consolidate to Two Schools in District
Upgrade Rich Central and Rich East (Demolish Rich South)
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Upgrade and Consolidate to Two Schools in District
Upgrade Rich Central and Rich South (Demolish Rich East)
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Upgrade and Consolidate to Two Schools in District
Upgrade Rich East and Rich South (Demolish Rich Central)
School Costs Timeline
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Option 3 – Financing
• Requires a change in legislation
• Requires referendum
• Percentage Increase in Overall Property Tax Bill = 7% - 9%
• Percentage Increase in Property Tax Rich Portion = 19% - 25%
• Percentage Increase in Property Tax Rich Bond Amount = 237%, 314%,
308%
Option 4
Build One New Facility Using an Existing
Site (Full student body)
Cost Estimates/Financing
Timeline
Build One New Facility Using an Existing Site
To Accommodate the Entire Student Body
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Option 5 – Financing
• Requires a change in legislation
• Requires referendum
• Percentage Increase in Overall Property Tax Bill = 10%
• Percentage Increase in Property Tax Rich Portion = 25%
• Percentage Increase in Property Tax Rich Bond Amount = 318%
Option 6
Purchase Facility and Partial Renovation of
an Existing Site
Cost Estimates/Financing
Timeline
Purchase Facility and Partial Renovation of an
Existing Site
School Timeline
Acquitision Costs $ 60,000,000 Summer 2019
Demolition $ 5,000,000
Upgrade One Facility $ 31,750,000 Summer 2021-Summer 2023
Subtotal $ 96,750,000
*Other $ 8,890,000
Grand Total $ 105,640,000
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.
Financing Source
• Use of DSEB, Lease, Working Cash Funding
• Lease Purchase
• Funding Bond
• Working Cash
• Retain the same bond payments for the first two years
Option 6 – Financing
• Requires no change in legislation
• Requires no front door referendum
• Percentage Increase in Overall Property Tax Bill = 1%
• Percentage Increase in Property Tax Rich Portion = 3%
• Percentage Increase in Property Tax Rich Bond Amount = 32%
% Property Tax Bill
Option/Costs Financing Options Referendum Timeline
Increase
Summary Information
Option 1 Legislation and Summer 2021-
3% Yes
$169,677,893 Referendum Needed Summer 2027
Option 3A-3B-3C
$285,059,159 9% Legislation and Summer 2021-
Yes
$241,697,053 7% Referendum Needed Summer 2027
$282,035,695 9%
Summer 2021
Option 6 Working
1% No Partial Renovation
$105,640,000 Cash/DSEB/Lease
2023
Thought Exchange
Question:
• Exchange Dates: Thursday, June 20, 2019 – Thursday, July 11, 2019
Option 3A-3B-3C
$285,059,159 9% Legislation and Summer 2021-
Yes
$241,697,053 7% Referendum Needed Summer 2027
$282,035,695 9%
Summer 2021
Option 6 Working
1% No Partial Renovation
$105,640,000 Cash/DSEB/Lease
2023