Investing in Our Schools:

Similar documents
Exploration of a Future Bond Measure for San Leandro Unified School District

Ballot Measures-T Section

APPENDIX A FULL TEXT OF BOND MEASURE

Contents. Ballot Measure Full Text Ballot Proposition Tax Rate Statement Impartial Analysis Statement in Favor of Measure...

Contents Ballot Measure... 2 Full Text Ballot Proposition... 3 Tax Rate Statement... 7 Impartial Analysis... 8 Statement in Favor of Measure...

PROPOSITION FARMINGTON SCHOOLS. April 8, 2014 Bond Issue

Ballot Measures-N 7. Centralia Elementary School District, Building Strong Neighborhood Schools

Local ballot measure: B. Redding School District Bond Measure

Progress Update Identified Needs & Capital Plan

Proposition E: Escondido Union School District $182.1 Million Bond Measure

SOMIS UNION SCHOOL DISTRICT IMPARTIAL ANALYSIS BY COUNTY COUNSEL* BOND MEASURE S SOMIS UNION SCHOOL DISTRICT TAX RATE STATEMENT BOND MEASURE S

MUROC JOINT UNIFIED SCHOOL DISTRICT KERN COUNTY NORTH EDWARDS, CALIFORNIA

Los Angeles Unified School District Page 1 of 3

HUENEME ELEMENTARY SCHOOL DISTRICT IMPARTIAL ANALYSIS BY COUNTY COUNSEL* BOND MEASURE T

CARLSBAD UNIFIED SCHOOL DISTRICT $265 MILLION BOND MEASURE July 2018

BERKELEY UNIFIED SCHOOL DISTRICT

POJOAQUE VALLEY SCHOOL DISTRICT October 12, 2016

BERKELEY UNIFIED SCHOOL DISTRICT Berkeley, California. MEASURE I GENERAL OBLIGATION BONDS PERFORMANCE AUDIT June 30, 2013

Public Presentation Capital Bond November 27, 2017

SAN LEANDRO UNIFIED SCHOOL DISTRICT ANNUAL FINANCIAL REPORT JUNE 30, 2013

Santa Barbara Community College District Measure V Bond Construction Fund Financial Statements and Agreed-Upon Procedures Year Ended June 30, 2013

Action Item. Sid Albaugh, Assistant Superintendent Business Services. Consideration of Approval of 2018 Measure A - Facilities Project List

P R E S E N T E D T O : S O L A N O C O M M U N I T Y C O L L E G E D I S T R I C T G O V E R N I N G B O A R D J U L Y

Santa Barbara Community College District Measure V Bond Construction Fund Financial Statements and Agreed-Upon Procedures Year Ended June 30, 2015

Lake Mills Area School District Community Survey Results. Spring 2018

Construction Total. Subtotal: $ 863,540 $ 172,708 $ 124,350 $ 1,160,598 $ 232,120 $ 1,392,717

Ballot Measures-LL Section

Why did we undertake a comprehensive Educational Facility Master Plan?

Tumwater University School District Budget Myths Bond Project Update. February 2016 Mel Murray, Director of Capital Projects John Bash, Superintendent

Richland School District

Long Beach Unified School District

Chico Unified School District Measure

PUBLIC FACILITIES ELEMENT

Building and Site Sinking Fund Millage. Election Date: November 7th 2017

BANNING UNIFIED SCHOOL DISTRICT BUILDING FUND GENERAL OBLIGATION BONDS (MEASURE R) FINANCIAL AND PERFORMANCE AUDITS MARCH 31, 2017

Capital Projects Completed since 1988

LONG BEACH UNIFIED SCHOOL DISTRICT

Larkspur-Corte Madera School District: 2014 Bond Feasibility Survey

Governing Board Bond Update. Measure G Bond Program. for. Solano Community College District

Physical Plant. Five-Year Capital Budget Plan. State College Area School District November Page 1 of 15

EAST SIDE UNION HIGH SCHOOL DISTRICT 2002 MEASURE G BOND FUND ANNUAL FINANICAL REPORT JUNE 30, 2012

PERRIS ELEMENTARY SCHOOL DISTRICT

SEQUOIA UNION HIGH SCHOOL DISTRICT PROPOSITION 39/MEASURE A BOND AUDIT REPORT. For the Year Ended June 30, 2016 * * *

Use of State and District Construction Funds

OVERSIGHT OF MEASURE C SPENDING THE CITIZENS OVERSIGHT COMMITTEE

Muskego Norway Schools Community Survey Results. Fall 2015

Two Ballot Proposals. August 8, 2017

LONG BEACH UNIFIED SCHOOL DISTRICT

Page Item 174 Overview 175 Revenue 177 Expenditures 178 Elementary School Allocation 180 Middle School Allocation 181 High School Allocation 182

2016 Bond Referenda. QUESTION: Shall Arlington County contract a debt and issue its general obligation

Measure K Board Workshop December 1, 2008 Building on Success: Schools for the Next Generation

JACKSON-MADISON COUNTY SCHOOL SYSTEM FUND #177 EDUCATION CAPITAL 5-YEAR PLAN (WORKING COPY)

HARTNELL COMMUNITY COLLEGE DISTRICT. MEASURE T GENERAL OBLIGATION BONDS PERFORMANCE AUDIT June 30, 2017

REDWOODS COMMUNITY COLLEGE DISTRICT

Members Present: Gino Gasparini, Vijay Gupta, Nori Jabba, James Ruigomez, Bill Rundberg and Dennis Zheng

DESERT COMMUNITY COLLEGE DISTRICT PROPOSITION 39, GENERAL OBLIGATION BONDS (MEASURE B, MARCH 2004) PERFORMANCE AUDIT JUNE 30, 2010

SONOMA COUNTY JUNIOR COLLEGE DISTRICT PROPOSITION 39 AND MEASURE A GENERAL OBLIGATION BONDS SANTA ROSA, CALIFORNIA

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT Richmond, California

SONOMA COUNTY JUNIOR COLLEGE DISTRICT PROPOSITION 39 AND MEASURE A GENERAL OBLIGATION BONDS SANTA ROSA, CALIFORNIA

Los Angeles Unified School District Page 1 of 2

2017 Bond Program Summary

Manteca Unified District School District

DESERT COMMUNITY COLLEGE DISTRICT PROPOSITION 39, GENERAL OBLIGATION BONDS (MEASURE B, MARCH 2004) PERFORMANCE AUDIT JUNE 30, 2008

LONG BEACH UNIFIED SCHOOL DISTRICT PROPOSITION 39 GENERAL OBLIGATION BONDS MEASURE K, NOVEMBER 2008 FINANCIAL AND PERFORMANCE AUDITS

CHABOT-LAS POSITAS COMMUNITY COLLEGE DISTRICT Dublin, California. MEASURE B GENERAL OBLIGATION BONDS PERFORMANCE AUDIT June 30, 2016

MOUNT SINAI UNION FREE SCHOOL DISTRICT

DISTRICT HISTORY Referendum ($585,000) Purchase of 10 Acres / Football Field Original junior high building (present old section of MS)

Burlington Area School District Community Survey Results. Winter 2016

Frequently asked questions on the Ridgewood Public School Budget. 2. Why does the Board approve a preliminary budget?

CIP FY2015 FY2019 Requests SCH-1, SCH-2 and SCH-5

Performance Audit on 2008 and 2013 SPLOST Revenues For the Fiscal Year ended June 30, 2012

BERKELEY UNIFIED SCHOOL DISTRICT Measure I Construction Oversight Committee

To facilitate readability, the Comprehensive Annual Financial Report is presented in three sections as described below:

Springfield High School

MANAGEMENT MISSTEPS AT THE SANTA CLARA UNIFIED SCHOOL DISTRICT

CABRILLO UNIFIED SCHOOL DISTRICT MEASURE S BOND BUILDING FUND AUDIT REPORT. For the Year Ended June 30, 2013 * * *

PALO ALTO UNIFIED SCHOOL DISTRICT

MT. SAN ANTONIO COMMUNITY COLLEGE DISTRICT PROPOSITION 39, GENERAL OBLIGATION BONDS (MEASURE R, NOVEMBER 2001) PERFORMANCE AUDIT.

NEWARK UNIFIED SCHOOL DISTRICT Newark, California. MEASURE G GENERAL OBLIGATION BONDS PERFORMANCE AUDIT June 30, 2013

Board Report No F Date: January 25, 2018 BOARD OF EDUCATION PASADENA UNIFIED SCHOOL DISTRICT PASADENA, CALIFORNIA

SEQUOIA UNION HIGH SCHOOL DISTRICT PROPOSITION 39/MEASURE J BOND AUDIT REPORT. August 31, 2016 * * *

October 4, 2007 Page 1 of 8

SEQUOIA UNION HIGH SCHOOL DISTRICT PROPOSITION 39/MEASURE A BOND AUDIT REPORT. For the Year Ended June 30, 2015 * * *

OAK PARK UNIFIED SCHOOL DISTRICT

Mt. Diablo Unified School District Facilities Financing Programs and 2010 Measure C Board of Education

Bond Amount: $18,470,000. Proposed I&S Tax Rate Increase: $.3180

Fiscal Year GUIDE TO UNDERSTANDING THE BUDGET CHERRY CREEK SCHOOL DISTRICT #5 ARAPAHOE COUNTY, COLORADO

Weston Public Schools PROPOSED BUDGET OF EXPENDITURES

School Board of Brevard County, Florida Half-Cent Sales Surtax Round 5 Internal Audit Report Fiscal Year February 20, 2018

NOVEMBER 8, 2016 GENERAL ELECTION LOCAL MEASURES

2010 MEASURE G GENERAL OBLIGATION BONDS PERFORMANCE AUDIT

Public Health & Safety Bond Program 2016

CERRITOS COMMUNITY COLLEGE DISTRICT

CERRITOS COMMUNITY COLLEGE DISTRICT

LOS ANGELES UNIFIED SCHOOL DISTRICT Board of Education Report

West Bend School District Community Survey Results. Spring 2018

EAST SIDE UNION HIGH SCHOOL DISTRICT 2002 MEASURE G GENERAL OBLIGATION BONDS PERFORMANCE AUDIT JUNE 30, 2011

NORWALK-LA MIRADA UNIFIED SCHOOL DISTRICT MEASURE S FINANCIAL AND PERFORMANCE AUDITS JUNE 30, 2014

CMP Strategy Project Listing by Cluster (Includes Technology and SIPs. Does not include SB9-08 M&O projects)

Measure T Citizen s Bond Oversight Committee. Educating Every Child for Success

Transcription:

Investing in Our Schools: History of Measures A & B & Potential New Bond Facilities Workshop Special Board Meeting July 13, 2010 Cindy Cathey, Superintendent Song Chin-Bendib, Assistant Superintendent, Business Services Mike Murphy, Director, Measure B & Bond Projects Ruth Alahydoian, KNN Public Finance 1

Potential 2010 Bond 1) Summary of activities leading to a potential bond Facilities Priorities Previous Bond Measures Remaining Unfunded Facilities Needs Community Grassroots Efforts: San Leandro Sports Foundation 2) Site and district needs survey results Results of perceived needs school site survey Playground and playfield matrix 3) Campaign Committee Progress 2

Potential 2010 Bond 4) Tax rate information and assumptions (KNN Public Finance) 5) Potential site and district project list 6) Draft of bond language Board Resolution 75 Word Question 7) Bond timeline for November Ballot 8) Q&A 9) Board Direction to Staff 3

Facilities Priorities Strategic Plan District Master Plan Overarching Principles Priority 1 Health, Safety, and Legal Issues Non-compliance, seismic safety, etc. Priority 2 Time Constraints Projects which must be completed within a mandated timeline Priority 3 Growth Issues Assuring all students are housed and overcrowding relief Priority 4 Programmatic Issues Projects that accommodate programmatic changes such as Program Improvement Status Priority 5 Cash Flow Projects for which the constraint is available funds 4 4

Facilities Priorities Strategic Plan District Master Plan Modernization Priority 1 Health, Safety, and Legal Measure A Seismic, ADA, and Fire Life Safety Retrofit Priority 2 Building Shell Integrity Measure A Exterior Painting; Measure B - Reroofing Priority 3 Infrastructure and Utilities Measure A SLHS Digital High; Measure B Technology Local Area Networks and VOIP Priority 4 Classroom / Interior Renovations Measure A - Madison ES Modernization; Measure B Paint, Lights, Priority Heating Priority 5 Renovation / New Construction for Educational Programs Measure A Bancroft MS Shop Conversions and New Jefferson; Measure B Fred T. Korematsu Campus & AEC Priority 6 Support Spaces for Educational Programs Measure A Kitchens at Middle and High Schools; Measure B Restroom Renovations Priority 7 Outdoor Spaces Measure A New Play structures and Playground Renovations; Measure B SLHS Open Space Project Priority 8 Athletic Program Support Facilities Measure A SLHS Weight Training Portables Priority 9 Renovation / New Construction for Social Services 5 5

Measure A 1997 Voter Approved $53.8 Million Bond State matching funds expanded quality, scope, and facility longevity Bond $53.8 Million Bond + $33 Million State Matching Funds $86.8 Million 6

Measure A 1997 Voter Approved $53.8 Million Bond plus $33 Million = $86.8 Million Initial 12-year schedule accomplished in 7 years Leveraged State Grants in excess of $33 million Projects completed New San Leandro High School Science and Technology Wing New John Muir Middle School Academic Wing Bancroft Middle School Shop Renovation & Expansion Minor modernization at nine school sites District-Wide Seismic Upgrades and 7

Measure A 1997 Voter Approved $53.8 Million Bond state matching funds expanded quality, scope, and facility longevity New K-5 Facility Jefferson Elementary School Winter 2004 8

Measure A 1997 Voter Approved $53.8 Million Bond state matching funds expanded quality, scope, and facility longevity Needs Not Included in Measure A Overcrowding at San Leandro High School Athletic Facilities Pacific Athletic Complex & Burrell Field Swimming Pool Technology Classroom Modernization 9

Measure B 2006 Voter Approved $109 Million Bond State matching funds expanded quality, scope, and facility longevity Bond $109 Million Bond + $ 25+ Million State Matching Funds $134+ Million 10

Measure B 2006 Voter Approved $109 Million Bond state matching funds expanded quality, scope, and facility longevity SLHS Fred T. Korematsu Campus to open August 25, 2010 stay tuned for dedication ceremony in 11 September, date to be announced.

Measure B 2006 Voter Approved $109 Million Bond state matching funds expanded quality, scope, and facility longevity Needs Not Included in Measure B Modernization Classroom ceilings Flooring Athletic Facilities Pacific Sports Complex & Burrell Field Swimming Pool 12

Facilities needs accomplished through Bonds A and B and remaining needs 13

Site & District Needs Survey Results Ad Hoc Committee Facilities & Technology Committee City of San Leandro Open House Survey (Community & Parents) Principals Roosevelt Dads Club San Leandro Chamber of Commerce 2010 Bond Campaign Committee Unfunded remaining Modernization Needs 14

Informal Site Field Assessment # Site 1 Garfield 2 Jefferson James 3 Madison 4 McKinley James 5 Monroe 6 Roosevelt 7 Washington Woodrow 8 Wilson 9 Bancroft 10 John Muir Lincoln High 11 and San Leandro 12 High San Leandro 13 Adult School Marquee Turf Condition Electronic Building Monument Shade Structure Adjacent Park Play Field Sports Field Track Needs Major Work Needs Some Work Acceptable Perimeter Fence New Irrigation Needed Notes X X X BB courts BB courts, marquee on X X X X X X Lark X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X Dirt X X X X X X Dirt X X X X X X X X X X BB courts & BB diamond BB courts BB courts & BB diamond BB courts, project fit course BB courts BB courts BB courts BB courts, standards need replacement BB court BB courts & BB diamonds 15

Pacific Athletics Complex/ Burrell Sports Field Existing Challenges Aging and Deteriorated built in 1958 Seasonal Use Due to Natural Turf Non-Compliance Safety Issues Field turf conditions are not good Handicap accessible does not meet current standards Bleachers are unsafe New Sports Complex $16 million 16

San Leandro High School Pool Existing Challenges Pending County Health Dept closure 2012 Noncompliance & Safety Issues Uneven & Deteriorated Pool Deck Suspect underground piping condition Handicap accessible does not meet current standards Cold Water Showers Outdated/inefficient Filtration & Chlorination systems New Swim Center $6.0 million 17

Special Board Meeting to Discuss New Bond Measure San Leandro Unified School District November 2010 Bond Election July 13, 2010

Authorization Amount The Board will ask voters to approve a maximum authorization amount. Tax rate associated with that authorization amount is only an estimate based on assumptions. The Board must determine the appropriate assumptions to use to determine an authorization amount. Regardless of whether assumptions are accurate or not, the authorization amount will not changed, once approved by voters. Assumptions Must Be Made Regarding: 1. Tax Rate Target per $100,000 AV 2. Interest Rate Paid on Bonds 3. Assessed Value Growth Year to Year: 2010-11 2011-12 2012-13 2013-14 2014-15 and thereafter San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 19

Assumption 1: Tax Rate Based on community input, the following tax rate assumptions are presented: Assume a tax rate of $20 per $100,000 of assessed value Assume a tax rate of $25 per $100,000 of assessed value Tax rates associated with prior bonds: Measure A: Original estimates: $37 per $100,000 Current estimates: $37 Measure B Legal limit: $60 per $100,000 Current estimate: $50 San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 20

Assumption 2: Interest Rate on Bonds Assume an interest rate of 5.50 % Measure B assumptions: 5.25% - 6.00% District s bond rates track the index Bond Buyer 20 (BB20). Current rate is 4.40% 15 year average is 4.88% 30 year average is 6.11% 16.00 14.00 12.00 30 Year History of BB20 Maximum 1/14/82: 13.44% 15 Year Average: 4.88% 30 Year Average: 6.11% 10.00 Percent (%) 8.00 6.00 4.00 2.00 BB20 SLUSD Bond Issues Minimum 10/1/09: 3.94% 0.00 San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 21

Assumption 3: A.V. Growth Assume growth of 0% initially (2011-12), then 1%, 2%, and 3% starting in 2014-15 and thereafter. Measure B Assumptions: 5% for 2007-2020; 4% thereafter Up until last year, annual growth was positive: 10 year average = 3.94% 15 year average = 4.19% San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 22

Assumption 3: A.V. Growth (continued) Single family homes are 48% of the tax base. As homes are sold, assessed values are reassessed at the new sale price. Current home sale prices are around 2001 levels. Current total AV is at the 2006-07 levels. $600,000 San Leandro Median Home Sale Prices $500,000 $400,000 $300,000 $200,000 $100,000 $ 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: DataQuick Information Systems Annual Median Home Sales for 1994 2009; Monthly Median for April 2010. San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 23

Authorization Amount Based on Assumptions A tax rate of $20 per $100,000, depending on the interest rate assumption used, can support an authorization amount of $40,300,000 A tax rate of $25 per $100,000, depending on the interest rate assumption used, can support an authorization amount of $50,100,000 Tax Rate Assumptions $20 $25 $40.3 Million $50.1 Million San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 24

What Happens if Assumptions are Not Accurate? What happens if assumptions are too aggressive? Tax rate must go higher than estimated and/or Bond issuance is delayed. What happens if assumptions are too conservative? Tax rate may be less than estimated and/or Bond issuance is accelerated, and/or Bonds are repaid sooner. San Leandro San Leandro Unified Unified School School District District November November 2010 Bond 2010 Election Bond Election Board Workshop Board Workshop page 25

Draft Ballot Measure 75 Word Question To continue to improve and modernize its schools, renovate athletic facilities including Pacific Sports Complex / Burrell Field, replace the pool at San Leandro High School, enhance energy efficiency and promote safe, healthy schools for all students, shall the San Leandro Unified School District be authorized to replace, renovate, acquire and construct school facilities, and issue XXXX in bonds at legal interest rates with no funds for administrator salaries, conduct annual independent audits, and appoint an Independent Oversight Committee to monitor bond expenditures? 26

San Leandro Unified School District Bond Project List The District will use bond funds for the following school facility projects: District-wide modernization, safety and energy efficiency improvements. Renovate and modernize Burrell Field. Replace pool at San Leandro High School to conform to current safety requirements. Provide solar or other renewable energy systems to conserve or lower the cost of energy. Repair and improve athletic fields and related facilities. Provide safe playground and outdoor structures. Replace field irrigation and drainage systems. Replace leaking and deteriorating roofs, windows and skylights. Remove hazardous materials where necessary. Provide other improvements to comply with access requirements of the Americans with Disabilities Act. Furnish and equip newly constructed and renovated fields and facilities. Perform site work as necessary in connection with new construction or renovation. Upgrade and improve school safety and security. 27

Questions & Discussion and Board Direction to Staff 28