annual override and bond update october 8, 2015 ken hicks, business services

Annual Override and Bond Update

October 8, 2015

Ken Hicks, Business Services

M&O Override Expenditures

FY15 FY16• Supplement Extracurricular/Athletics $2.7 M $2.7 M• Support Schools $14.3 M $14.7 M

– Class Size– P.E.– Nurses– Assistant Principals– Reading & Intervention Specialist– Gifted– Band, Music and Art

Annual Bond Program Update

Bond Program Background

• $180 million authorized in 2012

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, 2014 $ 8,685,184

Revenue $ 27,044,950

Subtotal $ 35,730,134

Expenses $ (27,967,158)

Ending fund balance at June 30, 2015 $ 7,762,976

Unsold bonds at June 30, 2015 $ 108,800,000

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 $20,184,325 $47,015,675 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 $16,184,501 $31,615,499

Purchase public transportation and campus support vehicles $22,900,000 $22,900,000 $6,101,084 $16,798,916 Purchase technology equipment and infrastructure to support access and connectivity as it relates to education and the classroom $40,400,000 $40,400,000 $18,931,086 $21,468,914

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 $2,127,079 $(427,079)

Total Bond Authorization $180,000,000 $180,000,000 $63,528,075 $116,511,902

2012 Bond Program

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

Pioneer, Desert Palms, Foothills, Copperwood, Sundance, Cotton Boll, Oakwood, Sahuaro Ranch, Oasis, Sky View, Apache, Marshall Ranch, Paseo Verde, Cheyenne, and Frontier

– Projector Cabling Program: Kachina, Heritage, Copperwood, Sundance, Oakwood, Sun Valley, Apache, Canyon, Marshall Ranch, Frontier, Coyote Hills, Sky View, Santa Fe, Frontier, Zuni Hills, Parkridge, Vistancia, and Lake Pleasant

2012 Bond Program

• Renovation/Technology (Elementary)– Computer Replacement: Peoria Elementary, Ira Murphy,

Kachina, Heritage, Alta Loma, Desert Palms, Foothills, Copperwood, Sundance, Cotton Boll, Oakwood, Desert Valley, Sahuaro Ranch, Oasis, Sun Valley, Sky Valley, Sky View, Apache, Canyon, Marshall Ranch, Santa Fe, Paseo Verde, Desert Harbor, Cheyenne, Frontier, Country Meadows, Coyote Hills, Zuni Hills, Parkridge, Vistancia, Lake Pleasant, Peoria Traditional, and Sunset Heights

– Fire Alarm Replacement/Upgrade: Copperwood, Oakwood, Oasis, Cheyenne, Country Meadows, Coyote Hills, and Zuni Hills

2012 Bond Program

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

Desert Palms, Sundance, Sahuaro Ranch, Sky View, Canyon, Santa Fe, Paseo Verde, and Country Meadows

– Playground Replacement/Repair: Peoria Elementary, Ira Murphy, Heritage, Alta Loma, Sundance, Sun Valley, Marshall Ranch, Heritage, Frontier, Coyote Hills, & Zuni Hills

– Roofing Renovation: Kachina, Sundance, Santa Fe, Sun Valley, Canyon, Paseo Verde, Desert Harbor and Coyote Hills

2012 Bond Program

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

Ironwood, Centennial, Sunrise Mountain, Raymond Kellis, Peoria Traditional, Liberty and MET Academy

– HVAC Renovations: Peoria, Cactus, Ironwood, Sunrise Mountain and Centennial

– Projector Installation Program: Peoria, Ironwood, Centennial, Sunrise Mountain, Raymond Kellis and Liberty

2012 Bond Program

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

Administration Center, Cholla Annex, and Transportation Center

– HVAC Renovation: District Administration Center and Cholla Annex

– Student Vehicle Purchases: 9 Regular Education Buses

Future Plans

o 2012 Bond program – bond sale each year for next three yearsoContinue facility and site improvementsoContinue technology enhancementsoContinue transportation

o Additional need:o FacilitiesoRenovationso Technology

o Capacity and impact

Bond Tax Rates

Questions & Comments