Annual Override and Bond Update

October 14, 2014

Ken Hicks, Business Services

M&O Override Expenditures

FY14 FY15• Supplement Extracurricular/Athletics $2.4 M $2.4 M• Support Schools $14.3 M $14.5 M

– Class Size– P.E.– Nurses– Assistant Principals– Reading– Gifted

Annual Bond Program Update

Bond Program Background

• $93.5 million authorized in 2002

• $120.5 million authorized in 2005

• $180 million authorized in 2012

2002 Bond ProgramBond Projects Estimated Costs

Construct three elementary schools $34,500,000

Renovate existing elementary schools $14,000,000

Renovate Peoria High School $10,000,000

Athletic fields and building improvements to two new high schools

$5,000,000

Athletic fields and building improvements to existing high schools

$10,000,000

Purchase pupil transportation vehicles $10,000,000

Constrict District transportation facility $7,000,000

District wide renovations for District Technology Plan $3,000,000

Total Bond Authorization $93,500,000

2002 Bond Program

Beginning fund balance at July 1, 2013 9,795,841$ Revenue -$ Subtotal 9,795,841$ Expenses ($9,795,841)Ending fund balance at June 30, 2014 -$

Unsold bonds at June 30, 2014 -$

2002 Bond Program Bond Projects

Current Project Budgets as of

6/30/14

Original Project Budgets on Voter

Pamphlet

Project Expenses Through 6/30/14

Remaining Funds

Construct three elementary schools (Vistancia, Lake Pleasant & Sunset Heights) $34,466,234 $34,500,000 $34,466,234 $0

Renovate existing elementary schools $9,727,475 $14,000,000 $9,727,475 $0

Renovate Peoria High School $14,915,868 $10,000,000 $14,915,868 $0

Athletic fields and building improvements to two new high schools (RSK and Liberty) $8,809,475 $5,000,000 $8,809,475 $0 Athletic fields and building improvements to existing high schools $9,268,227 $10,000,000 $9,268,227 $0

Purchase pupil transportation vehicles $6,116,663 $10,000,000 $6,116,663 $0

Construct District transportation facility $7,396,000 $7,000,000 $7,396,000 $0

District wide renovations for District Technology Plan $2,800,058 $3,000,000 $2,800,058 $0

Total Bond Authorization $93,500,000 $93,500,000 $93,500,000 $0

2002 Bond Program

• Construction– Sunset Heights

2005 Bond ProgramBond Projects Estimated Costs

Construct new schools and renovate and improve instructional and operational buildings and infrastructure at existing elementary schools

$45,000,000

Renovate and improve instructional and operational buildings and infrastructure at Peoria High School

$29,000,000

Construct additions to instructional and operational buildings and facilities at High School #7

$8,000,000

Renovate and improve instructional and operational buildings and infrastructure at other high schools

$20,500,000

Complete construction of Transportation & Support Services Facility and acquire pupil transportation vehicles

$10,000,000

Provide for infrastructure related to instructional and operational technology and communications needs

$8,000,000

Total Bond Authorization $120,500,000

2005 Bond Program

Beginning fund balance at July 1, 2013 11,468,166$ Revenue -$ Subtotal 11,468,166$ Expenses ($11,468,166)Ending fund balance at June 30, 2014 -$

Unsold bonds at June 30, 2014 -$

2005 Bond Program Bond Projects

Current Project Budgets as of

6/30/14

Original Project Budgets on Voter

Pamphlet

Project Expenses

Through 6/30/14

Remaining Funds

Construct new schools and renovate and improve instructional and operational buildings and infrastructure at existing elementary schools $49,006,898 $45,000,000 $49,006,898 $0 Renovate and improve instructional and operational buildings and infrastructure at Peoria High School $33,412,132 $29,000,000 $33,412,132 $0 Construct additions to instructional and operational buildings and facilities at High School #7 (Liberty) $3,309,514 $8,000,000 $3,309,514 $0 Renovate and improve instructional and operational buildings and infrastructure at other high schools $13,175,430 $20,500,000 $13,175,430 $0 Complete construction of Transportation & Support Services Facility and acquire pupil transportation vehicles $13,629,970 $10,000,000 $13,629,970 $0 Provide for infrastructure related to instructional and operational technology and communications needs $7,966,056 $8,000,000 $7,966,056 $0

Total Bond Authorization $120,500,000 $120,500,000 $120,500,000 $0

2005 Bond Program

• Construction– Sunset Heights

• Renovation– Old Main– Centennial HVAC

2012 Bond ProgramBond Projects Estimated Costs

Renovate and improve existing elementary schools (including furnishing and equipment, energy management systems, alternative energy and security systems)

$67,200,000

Renovate and improve existing high schools excluding the structure otherwise known as Old Main on the Peoria High School campus (including furnishing and equipment, energy management systems, alternative energy and security systems)

$47,800,000

Purchase public transportation and campus support vehicles $22,900,000

Purchase technology equipment and infrastructure to support access and connectivity as it relates to education and the classroom

$40,400,000

Renovate and improve existing administrative facilities such as food services, transportation services, and maintenance facilities (including furnishing and equipment, energy management systems, alternative energy and security systems)

$1,700,000

Total Bond Authorization $180,000,000

2012 Bond Program

Beginning fund balance at July 1, 2013 (4,934,289)$ Revenue 44,246,100$ Subtotal 39,311,811$ Expenses ($30,626,627)Ending fund balance at June 30, 2014 8,685,184$

Unsold bonds at June 30, 2014 135,800,000$

2012 Bond Program

Bond Projects Current Project Budgets as of

6/30/14

Original Project Budgets on Voter

Pamphlet

Project Expenses Through 6/30/14

Remaining Funds

Renovate and improve existing elementary schools (including furnishing and equipment, energy management systems, alternative energy and security systems) $67,200,000 $67,200,000 $10,032,761 $57,167,239 Renovate and improve existing high schools excluding the structure otherwise known as Old Main on the Peoria High School campus (including furnishing and equipment, energy management systems, alternative energy and security systems) $47,800,000 $47,800,000 $8,105,019 $39,366,378

Purchase public transportation and campus support vehicles $22,900,000 $22,900,000 $4,551,428 $18,348,572 Purchase technology equipment and infrastructure to support access and connectivity as it relates to education and the classroom $40,400,000 $40,400,000 $11,293,552 $29,106,448

Renovate and improve existing administrative facilities such as food services, transportation services, and maintenance facilities (including furnishing and equipment, energy management systems, alternative energy and security systems) $1,700,000 $1,700,000 $1,578,157 $121,843

Total Bond Authorization $180,000,000 $180,000,000 $35,560,917 $144,110,480

2012 Bond Program

• Renovation/Technology (Elementary)– HVAC Upgrades: Ira Murphy, Kachina, Pioneer,

Alta Loma, Sundance, Desert Valley, Sahuaro Ranch, Oasis, Sun Valley, Sky View, Apache, Canyon, Marshall Ranch, Santa Fe, Paseo Verde, Desert Harbor, Cheyenne, Frontier, and Zuni Hills

– Projector Cabling Program: Ira Murphy, Kachina, Alta Loma, Desert Palms, Foothills, Oakwood, Oasis, Desert Harbor, Frontier, and Sunset Heights

2012 Bond Program

• Renovation/Technology (Elementary)– Computer Replacement: Pioneer, Alta Loma,

Foothills, Copperwood, Sundance, Desert Valley, Sun Valley, Sky View, Apache, Canyon, Marshall Ranch, Santa Fe, Paseo Verde, Desert Harbor, Cheyenne, Frontier, Country Meadows, Coyote Hills, Zuni Hills, Parkridge, Vistancia, and Sunset Heights

– Fire Alarm Replacement/Upgrade: Oakwood, Oasis, Cheyenne, and Coyote Hills

2012 Bond Program

• Renovation (Elementary)– Flooring Replacement/Upgrade: Cheyenne,

Frontier, Country Meadows, and Coyote Hills– Playground Replacement/Repair: Peoria, Kachina,

Pioneer, Desert Palms, Oakwood, Sahuaro Ranch, Oasis, Sun Valley, Apache, and Frontier

– Roofing Renovation: Ira Murphy, Foothills, and Sahuaro Ranch

2012 Bond Program

• Renovation/Technology (High School)– Computer Replacement Program: Peoria, Cactus,

Ironwood, Centennial, Sunrise Mountain, Raymond Kellis, and Liberty

– HVAC Renovations: Peoria, Cactus, Ironwood, Centennial, and Liberty

– Projector Installation Program: Peoria, Cactus, and Ironwood

– Athletic Training Renovation: Centennial

2012 Bond Program

• Renovation/Technology/Vehicles (Support)– Computer Replacement Program: District

Administration Center, Cholla Annex, Warehouse and Transportation Center

– HVAC Renovation: District Administration Center– Student Vehicle Purchases: 5 Special Education

Buses and 11 Regular Education Buses

Future Plans

o 2012 Bond program – bond sale each year for next four years

o Additional need:o FacilitiesoRenovationso Technology

o Capacity and impact

Bond Tax Rates

Bonding Capacity

15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

Net Class B Bonds to be Outstanding* Net Class B Bonding Capacity**

Questions & Comments