52
Allen ISD
Allen Independent School Vision Statement Allen ISD: Where Eagles Soar
Allen Independent School District Mission Allen ISD cultivates innovation in education that empowers every learner to realize his or her full potential.
Project Kids Committee
Community study group tasked with reviewing future facility needs of the district
Board has called committee together seven times since 1990 leading to bond referendums
Board appointed the current 80-member committee in November 2014
Project Kids 2015 Committee
Eighty-member committee of parents, staff members and business representatives representing Allen’s geographic areas
Committee worked in 8 small groups
Committee met 8 times between December 9 and April 21
Process was facilitated by Michelle Hughes of TM Strategy & Design Group
Project Kids 2015 Committee Members
Group 1 Sara Cooley John Holley Melanie Joiner Jeremy Miller Matt Mumm David Noll Maya Quinn Neil Riddick Julie Roden Jennifer Wells
Group 2 Kim Fowler David Hicks Lawrence Hoffman Cora Jackson Nader Nanjiani Philip Obermeyer Bill Savage Jackie Schornick Amanda Woodrel-Anazagasty
Group 3 Michael Bell Liz Farris Anne Gifford Richard Jordan Katie Lanier Patricia Maldonado Stacey Schultz Candice Sell Victoria Sublette Allan Wright
Group 4 Mary Jane Barnes Tiffany Brookman Tina Church Denise Janes Nila Mendoza Latricia Smith Gary Stocker Ben Trahan Carolyn Wiberg Judi Wohead
Project Kids 2015 Committee Members
Group 5 Christine Caplinger Erick Dahl David DeVoto Catherine Guidroz Theresa McLaren Dewey O'Neill Kelley Rowley George Schafer Marianna Sennour
Group 6 Jana Barnett Benny Bolin Kevin Cameron Mary McDonald Stacey McGraw John Montgomery Lisa Morgan Sandy Sackrison Lizabeth Solcher Meredith Winningham
Group 7 Meg Benner Nirisha Garimella Julie Kerr Jennifer Lang Leslie Orgeron Shanna Schiavon Joy Shepard Elizabeth Su Chris Trevathan Christine Vaznis
Group 8 Karen Adams Melissa Hammett Kim Isenberg Rebecca Lacy Ken Lento Kena McKee Gene Moore Jason Oswald Vatsa Ramanathan Tonya Robertson
Stated Purpose of Committee
The collaborative development of a bond referendum recommendation for presentation to the Allen ISD Board of Trustees and ultimately to the Allen ISD community in November 2015
Project Kids Committee Process
Committee Presentations
Facility Needs
Safety & Security
Transportation
Finances – Bond Capacity
Demographics
AISD Facility Tour
Decision-Making Model
Sustainable Decision
Super Majority of 2/3
Consensus
80% Rule
Vote
Build in northwest quadrant where majority of student growth is projected to occur
Allen ISD Neighborhood School Philosophy
57 classrooms will help balance enrollment at west side elementary campuses
New Construction – Elementary #18
Build new elementary school (#18) $27,538,980
New Construction – Allen High School
Serving 500 – 700 students Open space, non-traditional
learning center K-8 field trip destination Environmental education area
Build AHS science & technology satellite facility $35,972,500
New Construction – Lowery Freshman Ctr.
Build new 9th grade center north of
existing school Demolish portion of current
Lowery facility Repurpose south wing for new
Dillard Special Achievement Center
Build new Lowery Center & Relocate Dillard Center to portion of existing Lowery facility $107,016,755
Relocate Dillard Special Achievement Center to portion of the current Lowery facility to provide space for expansion of services
Relocate / Renovate – Dillard Center
New Construction – Lowery Freshman Ctr.
Lowery Freshman Center Area to be Renovated for the
Dillard Center
Lowery Freshman Center Replacement Concept
Repurpose space within current Dillard Center for Professional development
facility
Technology offices
Safe and Secure School offices
Renovation – Dillard Center
Bolin – Kerr – Marion renovations $32,522,742 Allen High School roof replacement $5,758,150 Agriculture farm renovations $400,000 HVAC Renovations $1,000,000 Allen HS interior renovations $42,401,633
$76,324,375
Life Cycle Renovations
Fine Arts
11,000 square ft. multiuse space Multipurpose space for
orchestra, band or percussion groups
Large ensemble practice space Large instrument storage space
Build multipurpose music addition at Allen HS $2,532,222
Athletics
Install synthetic turf at Allen HS baseball and softball fields
Build additional gymnasium and locker rooms at Allen High School
Install lights and seating at Ereckson Middle School athletic field, resurface running track
$14,793,534
$1,927,800 $9,668,484 $3,197,250
Technology
Upgrade school district network infrastructure
Telecommunications rooms and cabling Local area networks (LAN) Wireless area networks (WAN) Datacenter equipment refresh
$12,000,000
Technology
Campus and classroom multimedia replacement and upgrades
Campus & classroom multimedia replacement / upgrades
$4,500,000
Safe & Secure Schools
280 IP (network) cameras
Add access control to 284 exterior access doors
Emergency communications system Upgrade from analog to digital radios with 100% district area coverage
$707,000
Cameras
Building Access
Communications
Transportation
Replaces older buses that have “aged out”
State recommends 10 years 110,000 miles for evaluation for replacement
Meets growing capacity needs for ridership
Purchase 30 new school buses $3,200,000
Land Procurement
Approx. 15 acres for elementary campus
Approx. 6 acres adjacent to Lowery site
Approx. 13 acres needed for Science-Technology Center site
Purchase land for Elementary School #18, Lowery Freshman Center and Science-Technology Center
$12,000,000
Recommendation Summary
1. Elementary School #18 $ 27,538,980 2. Science – Technology Center $ 35,972,500 3. Lowery Center $107,016,755 4. Life Cycle Improvements $ 82,082,525 5. Fine Arts $ 2,532,222 6. Athletics $ 14,793,534 7. Technology $ 16,500,000 8. Safe and Secure Schools $ 707,000 9. Transportation $ 3,200,000 10. Land Procurement $ 12,000,000
Total $302,343,516
Additional Committee Recommendations The committee feels the following projects are important and need to be completed. However, the committee asks the Board of Trustees to consider using funds from other sources to complete them so that they can be removed from the list of bond projects.
Purchase of 30 school buses $ 3,200,000
Classroom & Campus Multimedia Tech. $ 4,500,000
Safety & Security School Upgrades $ 707,000
Total ($ 8,407,000)
Recommendation Summary (Adjusted)
1. Elementary School #18 $ 27,538,980 2. Science – Technology Center $ 35,972,500 3. Lowery Center $107,016,755 4. Life Cycle Improvements $ 82,082,525 5. Fine Arts $ 2,532,222 6. Athletics $ 14,793,534 7. Technology $ 12,000,000 8. Land Procurement $ 12,000,000
Total $293,936,516
Allen Independent School District Project Kids Executive Summary
Vision Statement: Where Eagles Soar
Mission Statement: Allen ISD cultivates innovation in education that empowers every learner to realize his or her full potential
Table of Contents
Background ................................................................................................ 3
Bond Election History .................................................................................. 3
Committee Formation ................................................................................. 4
Board Parameters ...................................................................................... 4
Project Kids Participants ............................................................................ 5
Project Kids Charter .................................................................................... 6
Project Kids Timeline .................................................................................. 7
District Vision & Priorities ............................................................................ 8
Enrollment Growth ................................................................................... 10
Taxable Value Projections ....................................................................... 11
Bond Capacity ......................................................................................... 12
Conclusions & Recommendation ........................................................... 15
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Allen Independent School District Executive Summary of Final Committee Reports of Project Kids
Capital Projects Needs Assessment April 2015
Background The Board of Trustees directed the administrative staff to study short-range and long-range capital project issues. Demographic data and City of Allen studies indicated that the school district is experiencing increased enrollment, particularly in the Northwest Quadrant in part due to the practice of “flipping” land that has long been zoned commercial so that it is re-zoned residential to meet the demand for more single and multi-family homes. Administration presented to the Board those identified areas of need for new construction or addition to existing facilities to increase capacity as well as the need to fund life cycle renovations. The Board directed administration to convene the group called Project Kids to work with staff on studying the issues. Project Kids is an advisory committee comprised of citizen volunteers and district staff who are charged with evaluating, assessing, prioritizing and reporting their findings on future capital project needs for the Allen ISD. These committees have been called together seven times since 1990 leading to bond referendums. Previous capital projects assessments and findings preceded bond elections in 1992, 1995, 1998, 2002, 2003, and 2008. Allen ISD Bond Election History
Year Amount For % For Against Total 2009 $119.4 mi 2,363 (64%) 1,349 3,712 2008 $219 million 20,877 (74%) 7,486 28,363 2004 $69 million 1,736 (73%) 2003 $71.5 million 3,344 (74%) 1,171 4,515 2002 $55.5 million 1,001 (74%) 342 1,343 1998 $115 million 1,599 (73%) 599 2,194 1995 $75.8 million 2,438 (84%) 460 2,898 1993 $17.3 million 2,272 (74%) 776 3,048 1990 $13 million 719 (33%) 1,406 2,125 1985 $16 million 415 (90%) 45 460
1981 $12.9 million 262 (87%) 38 300 1980 $17.9 million 351 (84%) 63 414 1977 $5 million 188 (94%) 11 199 1973 $3 million 213 (91%) 21 234 1970 $750,000 144 (66%) 75 219 1959 $200,000 106 (100%) 0 106 1953 $6,000 61 (99%) 1 62 1936 $12,000 95 (97%) 27 122 1910 $12,000 47 (90%) 5 52
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As Allen ISD approaches build-out, the work of Project Kids 2015 is critical to the future of the district. The Board indicated the Possible Project Kids 2015 discussions below:
Campus Renovations (Story, Vaughan, Marion, Kerr and Bolin) Lowery Center High School Additional Space Safety & Security Upgrades
Committee Formation The process this year began in September, with the Board setting parameters and approving a timeline. Opportunity was provided for all interested citizens to apply to serve on the committee. Committee members were selected to ensure diversity and representation of all stakeholders. There were representatives from each of the four quadrants of the city, parents of current, former, and future students, business representatives, and select teachers and district administrators. In order to provide the committee ample time to conduct its study of the facility needs of the District, the Board set a timeline in September 2014 for the Project Kids 2015 to have final committee reports by April 2015. The timeline allows the Board to call for a bond referendum for November 3, 2015 General Election. The Project Kids 2015 group held its inaugural meeting on December 9, 2014 at the Allen ISD Administration building. The Board provided the framework for their activities through parameters approved in September. The ultimate goal of Project Kids was to prepare and present a report of its findings to the Board of Trustees. Board Parameters Paramount to the efforts of Project Kids were the parameters set by the Board of Trustees. The parameters are as follows: Solicit and secure participants of citizens in Project Kids process
Review all district needs
Use 2014 demographers report for enrollment projects
Prioritize facility and project needs and recommend possible options for
arrangement in bond issue
Continue the district practice of parity between campuses
Consider life cycle cost impact of facility decisions
Consider partnerships with other entities
Recommendations should support the district Strategic Plan
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Prepare a final report of the findings to the Board of Trustees
Project Kids Participants The hallmark of Project Kids is its involvement of community volunteers in the capital project needs assessment process. Volunteers were encouraged to participate by a number of means –personal invitation of past Project Kids participants, nominations by administrators and Board of Trustees, newspaper articles, school newsletters, the district web site, and social media. A total of 80 volunteers were selected to participate in the Project Kids 2015 process. Below are those committee members:
Christine Caplinger, Co-Chair Julie Kerr, Co-Chair Sara Cooley Melanie Joiner John Holley Jeremy Miller Matt Mumm David Noll Maya Quinn Neil Riddick Jennifer Wells Kim Fowler David Hicks Lawrence Hoffman Cora Jackson Nader Nanjiani Philip Obermeyer Bill Savage Jackie Schornick Amanda Woodrel-Anazagasty Michael Bell Liz Farris Richard Jordan Katie Lanier Patricia Maldonado Stacey Schultz Candice Sell Victoria Sublette Allan Wright Mary Jane Barnes Tiffany Brookman Tina Church Denise Janes Nila Mendoza Latricia Smith Gary Stocker Ben Trahan
Judi Wohead Erick Dahl
David DeVoto Catherine Guidroz Theresa McLaren Dewey O'Neill Kelley Rowley George Schafer Marianna Sennour Jana Barnett Benny Bolin Kevin Cameron Mary McDonald Stacey McGraw John Montgomery Lisa Morgan Sandy Sackrison Lizabeth Solcher Meredith Winningham Meg Benner Nirisha Garimella Jennifer Lang Leslie Orgeron Shanna Schiavon Joy Shepard Elizabeth Su Chris Trevathan Christine Vaznis Karen Adams Melissa Hammett Kim Isenberg Rebecca Lacy Ken Lento Kena McKee Gene Moore Jason Oswald Vatsa Ramanathan
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Tonya Robertson Julie Roden
Anne Gifford
Allen ISD Project Kids 2015 Charter At the first meeting, a charter was agreed upon by the committee to serve as a framework and guide for their work:
Purpose of Collaborative development of a bond package recommendation for the Group: presentation to the Allen ISD Board of Trustees and ultimately to the Allen ISD community in November 2015 Champions: Superintendent and Board of Trustees Charge: Become informed of current Allen ISD needs and goals and design a
bond referendum proposal that supports district goals, meets student needs and can be supported by the Allen community.
Membership: Community members, district staff Scope of Work: Consideration and analysis of demographic, facilities and technology data related
to possible bond election Basic understanding of public school finance and district financial data Review of district facilities, technology, science labs and safety and security
needs Collaborative formulation of bond package recommendation Participation in follow-up activities that result from bond proposal
Parameters or Constraints: Sound financial and facility-use stewardship Students’ needs Legislative mandates Established district processes Priority Codes Whole-district considerations District Mission Adequate and equitable communications Timeline for November 2015 bond election Rezoning possibilities not included in the scope of work for the Citizens’ Bond
Committee
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Board of Trustees action Agreed-upon ground rules, decision making and charter
Capabilities and Strengths: Professional district resource people, demographer, architect and facilitator Past bond referendum information and historical data Accurate financial data and construction cost data Diversity, knowledge, and expertise of committee—individually and collectively
Project Kids Timeline
09/2014 Board Approves Timeline
10/2014 Press Release/Seek Committee Members
11/2014 Board Names Committee Members
12/2014 Organizational Meeting/Committee Assignments
01/2015 Committee Meetings/Small Group
Jan-March Status Reports to Administration
03/2015 Update to Board
04/2015 Project Kids-Meeting-Committee Reports/Large Group
05/2015 Project Kids Final Recommendations to the Board
Note: Must call election 75 days prior to election (August 20th) Nov.3, 2015 Committee Meetings – Background for Considerations Beginning on December 9th, with the committee members seated in groups of 8 tables with district selected facilitators at each table, our external facilitator, Michelle Hughes of TM Strategy & Design Group first explained the proposed decision making model for the group decisions that would be made in later meetings. This included the consensus based on sustainable decision, 80% rule and the super majority of 2/3.
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District Vision & Priorities Dr. Lance Hindt, Superintendent presented the Administrative Vision for Project Kids consideration. Those project recommendations and priorities were based on need for new construction, life cycle renovations which involved the renovation or re-build of existing facilities, as well as upgrades in areas such as technology, safety & security, and transportation. Over the first six meetings, presentations were made by administration experts in transportation, facilities, technology, safety and security, career & technical education as well as architectural design experts who had conducted a facilities assessment, our bond consultant, and our demographer. At each meeting, experts were present to answer questions from the participants. The third meeting of the group was a tour of the Frisco ISD Career & Technology Center. The focus of this tour was to help representative committee members understand how a high school satellite center could, using a carefully designed block schedule, allow students to participate in science, technology and other specialized STEM classes off-site, while attending classes in all other subject areas at the main high school campus. The Frisco CTE center does not have a cafeteria; another component of their operation that we wanted to investigate and were able to confirm we would be able to do with a satellite center. As we approached the sixth meeting, we provided each committee member with a spreadsheet that included all items proposed for consideration with indications of whether administration had ranked them as priority 1, 2, or 3 items. They were asked to review that spreadsheet and mark each project and line item as to their tendency toward supporting or not supporting them as bond issue projects. At the sixth meeting, the group moved to the Allen High School Band Hall, in order to accommodate the unique “live” spreadsheet computations that would occur as part of the table bond construction process. Each table had a 42 inch monitor screen and a tech facilitator to input their decisions. As the tables discussed items on the spreadsheet, when they reached consensus either for or against, their table decision appeared on their individual screen. That table decision was also projected immediately into the “master spreadsheet” on which the 8 individual tables’ consensus decisions were being tabulated. As projects turned green, indicating whole committee approval, committee members were celebrating and sharing the spirit of progress in doing what is best for kids. In some instances, consensus was reached by the entire committee to not support some projects, so they were marked “red” and eliminated from further consideration. Committees kept in mind the total amount of the projects they were approving which would determine the size of the bond referendum, so some were undecided, and those projects rolled over to the next meeting for further discussion and review.
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The next meeting combined the eight tables into four teams, with the projection screens and “live” spreadsheet reflecting in real time the team decisions and the group consensus on the overhead screen. Team members thoroughly discussed the items that were still in consideration and used the tool called “Consensus and Gradients of Agreement” to facilitate reaching consensus in their teams. Upon reaching final consensus that evening, the committee was provided with an overview of all the approved projects, the approximate costs and the total of the approved bond projects. Dr. Hindt advised that the recommendations to the Board of Trustees would include some recommendations that the Board consider seeking alternative funding sources for some of the “short-term finance” projects such as the purchase of school buses, classroom and campus multi-media technology, and safety and security school upgrades. The committee was very receptive to that suggestion as it would considerably reduce the amount of a bond referendum from the approved project list if called by the board. Information Presented to Inform Decision-making School District Strategies (SDS) has provided demographic information and projections to Allen ISD since 2009. Some of its other school district clients include: Midlothian, Wylie, Crowley, White Settlement (Dallas area) Southwest, Schertz/Cibolo, East Central, Median Valley, Sequin, Lockhart, Hayes Consolidated, Liberty Hill (San Antonio area). They utilize quarterly housing data, birth rates, district PEIMS data, locator block and geo-coding data. Their accuracy has been (+/-) .2% to 1.5% on overall projections.
Page 9
AISD enrollment climbs to a record high of 20,584 in October 23, 2014 Enrollment increases by 1,251 students over the past three years
- 2.1% average annual growth (+417 new students per year)
Page 10
VDL = Vacant developed lots (fully developed with paved street in front of lot and ready for a house to be started at anytime) SF = Single-family detached lot Apts = Apartment Units
Taxable Value Projections Greg Cartwright, Chief Financial Officer, presented an overview of School Finance and the taxable value projections at the first meeting. Maintenance & Operations (M&O) For payroll, utilities, supplies, equipment, furniture, fees, travel, etc. Allen ISD M&O Rate for 2014-2015 is $1.16 per $100 taxable value Board approval up to $1.04; Voter approval up to $1.17 Maximum Can be used to pay for Capital projects or Debt Service costs
Interest & Sinking (I&S) For payment of annual principal and interest on bond debt along with related fees Allen ISD I&S Rate for 2014-2015 is $0.48 per $100 taxable value Board approval up to $0.50 Maximum Not allowed to pay for M & O expenses
Fiscal Total Year Values
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Bond Capacity The district staff has worked with its financial advisor, First Southwest Company, to determine the amount of total bond capacity for the next five years. Bond capacity is defined as the total amount of bonds that could be sold each year based on projections of taxable values that take the tax rate to its maximum of $0.50 per $100 of taxable value. The amount called for in the election is not limited by the capacity projections of the District; however, bonds will only be sold as the current capacity allows. The District must be able to pay back the principal and interest on the bonds within the tax rate limitations set forth in the Texas Education Code 45.003, which sets a maximum debt service tax rate of $.50 per $100 of valuation.
Fiscal Total Percent 50 CentYear Values Change Maximum
2011-12 7.53 B 3.1% 37.6 M2012-13 7.89 B 4.8% 39.4 M2013-14 8.24 B 5.5% 41.3 M2014-15 9.11 B 10.5% 45.5 M2015-16 9.43 B 3.5% 47.1 M2016-17 9.76 B 3.5% 48.8 M2017-18 10.05 B 3.0% 50.2 M2018-19 10.25 B 2.0% 51.3 M2019-20 10.35 B 1.0% 51.8 M2020-21 10.35 B 0.0% 51.8 M
2041-42 10.35 B 0.0% 51.8 M
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Projects Supported by Committee for Board Recommendation: New Construction Elementary #18 Science & Technology satellite facility New Lowery Freshman Center & Re-purpose Front for Dillard Center program
expansion Relocate/Renovate/Repurpose Repurpose space within Dillard Center for
− Professional development facility − Technology offices − Safe & Secure Schools Offices
Life Cycle Renovations 3 Elementary Schools AHS Interior Renovations Replace Roof at AHS Agriculture Farm Renovations HVAC Renovations
Fine Arts Build multipurpose music addition/ rehearsal hall at AHS
Athletics Auxiliary Gym at Allen High School Ereckson MS Outdoor Athletic Facility Improvements Synthetic Turf at AHS Softball/Baseball Fields
Technology Network Infrastructure Upgrades Classroom Multimedia
Safe & Secure Schools Security Cameras Access Controlled Doors Emergency Communications/Notification System
Transportation 30 New school buses
Land Purchase for New Construction
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Conclusions In the spirit of the Board parameters, this report provides the Board of Trustees with the Project Kids 2015 recommendations for a bond referendum to address the district’s capital project needs.
Project Kids 2015 was a very rewarding experience. Community members worked side by side with AISD administrators in a facilitated process to ultimately reach consensus to make extraordinary decisions resulting in recommendations that will impact the District for many years to come. Recommendation to the Board of Trustees: The Project Kids 2015 Committee recommends the Allen ISD Board of Trustees call for a bond referendum to include the listed projects which total $302,343,516; and, The Project Kids 2015 Committee further recommends that the board seek alternative funding in order to pull the short-term financed projects listed below totaling $8,407,000 from that referendum so that the total bond referendum amount is reduced to $293,936,516:
Transportation – New School Buses Technology – Classroom & Campus Multimedia Safety & Security School Upgrades
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PROJECT DESCRIPTIONADDITIONAL
INFOPROJECT COST
TEAM
DECISION
SELECT
YES / NO
ROUND 1 - DECISIONS
$107,016,755 YES
$35,972,500 YES
$27,538,980 YES
$12,000,000 YES
$1,927,800 YES
$5,758,150 YES
$32,522,742 YES
$400,000 YES
$1,000,000 YES
$12,000,000 YES
$236,136,927
TRANSPORTATION DETAILS
$3,200,000 YES
$3,200,000
$3,200,000
SAFE AND SECURE SCHOOLS DETAILS
$345,000 YES
$50,000 YES
$312,000 YES
$2,507,000
$707,000
TECHNOLOGY DETAILS
$4,500,000 YES
$4,500,000
$4,500,000
ATHLETICS - ADDITIONS DETAILS
$9,668,484 YES
$3,197,250 YES
$16,905,845
$12,865,734
FINE ARTS - ADDITIONS DETAILS
$2,532,222 YES
$2,532,222
$2,532,222
LIFECYCLE RENOVATIONS DETAILS
$42,401,633 YES
$47,340,833
$42,401,633
SUBTOTAL
APPROVED
BACK TO TOP
Priority 1 - AHS Band Percussion Room
SUBTOTAL
APPROVED
Priority 2 - AHS Interior Renovations
Priority 2 - Ereckson Outdoor Athletic Facility Improvements
SUBTOTAL
APPROVED
Classroom Multimedia
SUBTOTAL
APPROVED
Priority 1 - Auxillary Gym/Locker Rooms AHS
Access Controlled Doors
Emergency Communications/Notification System
SUBTOTAL
APPROVED
New School Buses
SUBTOTAL
APPROVED
Security Cameras
Land Purchase for New Construction (ES18, LFC, STC)
APPROVED
Technology - Network Infrastructure Upgrades
Priority 1 - Synthetic Turf at Baseball/Softball Fields
Priority 1 - Replace Roof at AHS
Priority 1 - Renovate 3 Elem. Schools (Bolin, Kerr, Marion)
Priority 1 - Agriculture Farm Renovations
Priority 1 - HVAC Renovations
APPROVED $302,343,516
Option 1 - Build New Lowery Freshman Center
Option 1 - Science and Technology Center
Option 1 - Build Elementary #18
Allen Independent School District
CYE 31-Dec 2014 2015 ·----------------------------2016 2017 2018 2019 2020 ·----------------------------2021 2022 2023 2024 2025 ·----------------------------2026 2027 2028 2029 2030 ·----------------------------2031 2032 2033 2034 2035 -----------------------------2036 2037 2038 2039 2040 ·----------------------------2041 2042 2043 2044 2045
Tax Base Growth Assumptions 14-Apr-15
Growth Assumptions
Tax Base Growth Rate $8,251,754,263 5.20%
----~~J-~_?.!~~-Q2Q~~-------------------!_Q}.~.Df~----10,103,433,366 10.57% 10,608,605,034 5.00% 11 ,085,992,261 4.50% 11,418,572,028 3.00%
_ _!_!~~-~-~2~~}2~~~--------------------~~QQ.~-----11,763,412,904 1.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00%
__ !_!~?_?_~.!~~-?2gQ.1 ___________________ _Q~Q9_~-----11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00%
__ !_!~?_?_~.!~~-?2gQ.~-------------------_Q~Q9_~-----11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00%
_ _!_!~?_?_~.!~~-?2gQ.1 ____________________ Q~9..9_~-----11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11,763,412,904 0.00% 11 ,763,412,904 0.00%
__ _!_! ~?_?_~.!~~-?2gQ.~-------------------_Q~Q.9_Df:> _____ 11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00% 11 ,763,412,904 0.00%
CYE 31-Dec 2014 2015 ------------------------------2016 2017 2018 2019 2020 ------------------------------2021 2022 2023 2024 2025 ------------------------------2026 2027 2028 2029 2030 ------------------------------2031 2032 2033 2034 2035 ------------------------------2036 2037 2038 2039 2040 -----------------------------2041 2042 2043 2044 2045
* - 2014-2015 Tax Base values per Colin County Appraisal District; Tax Base Growth Scenarios/Assumptions thereafter provided by District Staff.
FirstSouthwest 1 Public Finance Departmemt
!
Election Size
$ 292,000,000
~
Principal Amortized
First 5 Years
$ 6,000,000
• - PSF 'AAA' Interest Rates as of 4/14/15 PLUS 0.75% •• - PSF 'AAA' Interest Rates as of 4/14/15 PLUS 1 00%
$0.55
$0.50
~
~
Allen Independent School District Prospective $292,000,000 November 2015 Bond Election Scenario Summary
14-Apr-15
1 ~ _§ I
SERIES 2016 SERIES 2017
Issued 2/15/16
$ 146,000,000
Term/Rate *
25 yr I 4.40% Issued 8/1/17
$ 146,000,000
Term/Rate**
25 yr I 4.70%
I&S Surplus
Contribution
$ 309,475
$292,000,000 Bond Election
- PROJECTED I&S Tax Rate for $292,000,000 Election
2 ro
0:: $0.45 ~ X ~ Vl
~
$0.40
$0.35
$0.30
$0.25
FirstSouthwest
'
First Southwest
Allen Independent School District
CYE
$292,000,000 Bond Election - Projected I&S Tax Rates 14-Apr-15
CYE 31-Dec Projected I&S Rate 31-Dec 2014 $ 0.5000 2014 2015 0.4800 2015
·---------------------------------------------------------------------------------------------------2016 0.4700 2016 2017 0.4700 2017 2018 0.4699 2018 2019 2020 2021 2022 2023 2024
0.4580 0.4486 0.4435 0.4428 0.4407 0.4407
2019 2020 2021 2022 2023 2024
2025 0.4407 2025 ·---------------------------------------------------------------------------------------------------2026 0.4407 2026
2027 0.4407 2027 2028 0.4406 2028 2029 0.3990 2029 2030 0.3990 2030
·---------------------------------------------------------------------------------------------------2031 0.3902 2031 2032 0.3902 2032 2033 0.3902 2033 2034 0.3902 2034 2035 0.3902 2035 2036 2037 2038 2039
0.3902 0.3902 0.3901 0.3901
2036 2037 2038 2039
2040 0.3902 2040 ·------~o~1-------------------------~-------------o:3!iei2---------------------------2-oLf1 ______ _
2042 2043
0.3345
NOTE: Tax Rates calculated assuming 99.0% Collection Factor 3
2042 2043
Public Finance Departmemt
First Southwest
Allen Independent School District $292,000,000 November 2015 Bond Election Scenario- 25 Year Term- I&S Tax Rate Projections I Calculations
14-Apr-15
1 ~ ~ ~ ~ §
PSF AAA Interest Rates as of 4-14-15 PLUS 0.75%
$ 146,000,000- 2/15/16- 4.40%- 25 Year Existing Bonds -:tliH:I'•I•I••m, CYE Existing Calculated ~ Debt Service I&S RatePH2 > 1 Principal Interest Total P&l
2012 $ 37 ,351 ,679 $ 0.5000 2013 39 ,147,420 0.5000 2014 41 ,305,734 0.5000 2015 40 ,347,545 0.4800 ---2oT6 ____________ 43ji6-6:2"75--------------o~4jss··- T _____________________ $ ____ 3:3s3:fiao·----s,-----3:3-s3.9oa··-2017 38 ,013,512 0.3619 4,710,000 6,637,150 11 ,347,150 2018 37 ,986,556 0.3461 6,566,500 6,566 ,500 2019 37 ,941 ,412 0.3356 6,566,500 6,566 ,500 2020 37,902 ,853 0.3287 6,566,500 6,566,500 ---2o21 ____________ 37:a2·9~fH2--------------o~324a··- -- ---------------- -----------6~566:s·aa··---------6:s-66.5ao··-2022 37,474,938 0.3218 6,566,500 6,566,500 2023 37,110,653 0.3187 700,000 6,549,000 7,249,000 2024 34 ,757,766 0.2985 2,490,000 6,469,250 8,959,250 2025 34 ,716,523 0.2981 2,660,000 6,340,500 9,000,500 ---2o26 ____________ 34.4Y4~17s--------------o~29so ____ -------3~o-so~oao·---------6~Ei?:=rsa·----------9:2-4'T.7Era· ·-2027 34,380,159 0.2952 3,300,000 6,039,000 9,339,000 2028 33,911 ,856 0.2912 3,950,000 5,857,750 9,807 ,750 2029 24,553,053 0.2108 5,575,000 5,619,625 11 '194,625 2030 24,561 ,556 0.2109 5,850,000 5,334,000 11 ,184,000 ---2o31 ____________ 2U6-2~ooa·-------------o-:-21o9___ -------s:1-oo~ooo·---------5~66o:2-so·--------:io:r6D.2so---2o32 24,578,963 0.2111 5,340,ooo 4,799,250 10,139,250 2033 24,591 ,744 0.2112 5,605,000 4,525,625 10,130,625 2034 24,600,769 0.2112 5,880,000 4,238,500 10,118,500 2035 20,236,125 0.1738 9,070,000 3,864 ,750 12,934,750 ---2o36 ____________ 2o.2s-6~22a--------------o~T739___ -------9:s-2s~ooo·---------3~399:a-75 _________ 1_2:£i24~s7s- ·-2037 20,272,144 0.1741 9,990,000 2,912 ,000 12,902,000 2038 20,290,944 0.1742 10,475,000 2,400,375 12,875,375 2039 17,694,644 0.1519 11 ,035,000 1,862 ,625 12,897,625 2040 12,521 '706 0.1075 14,260,000 1 ,230,250 15,490,250
---2o4r------------n1-7~a7s--------------o~os4s___ -----1-7:<2
> ~ $ 37,351 ,679 $ 0.5000 2012
39,147,420 0.5000 2013 41 ,305 ,734 0.5000 2014 40,347 ,545 0.4800 2015 ___ $ ____ 3o9:47_s ____________ 'ifo-fo~7oa·--------------o.47oo ________ 2o16 ___ _ 49,360,662 0.4700 2017
7,024,500 $ 7,024,500 51 ,577 ,556 0.4699 2018 250,000 7,019,500 7,269,500 51 ,777,412 0.4580 2019 250,000 7,009,500 7,259,500 51 ,728,853 0.4486 2020
-- --- ----2so:a·aa·----------i{999~soo-----------7,-24-9:soo- -------------------------------s-1~64s~912---------------o.443s ________ 2o2_1 ___ _ 540,000 6,981 ,000 7,521 ,000 51 ,562,438 0.4428 2022
6,967 ,500 6,967,500 51 ,327 ,153 0.4407 2023 655,000 6,951 ,125 7,606 ,125 51 ,323,141 0.4407 2024 685,000 6,917 ,625 7,602 ,625 51 ,319,648 0.4407 2025
--------726~ooa·----------6~as2~5oa··---------7.-6o2:s·aa· ------------------------------sT324~425·-------------·o.44o7·-------2o26 ___ _ 755,000 6,845,625 7,600,625 51 ,319,784 0.4407 2027 790,000 6,807 ,000 7,597,000 51 ,316,606 0.4406 2028
4,035,000 6,686,375 10,721 ,375 46,469,053 0.3990 2029 4,240,000 6,479,500 10,719,500 46 ,465,056 0.3990 2030
------4.-45s~o-aa··---------6~262~12_5 __________ 1o.-71-7:12s- ------------------------------,is~439~375·--------------o.39o2 ________ 2o3·1·--· 4,685,000 6,033,625 10,718,625 45,436,838 0.3902 2032 4,925 ,000 5,793,375 10,718,375 45,440,744 0.3902 2033 5,180,000 5,540,750 10,720,750 45,440,019 0.3902 2034 7,030,000 5,235,500 12,265,500 45,436,375 0.3902 2035
-----T39o:o-aa··---------4~a75:ooa·---------12:26s:ooo- ------------------------------4·s~44o~ro:r·------------·o:39o2·-------2-o36 __ _ 7,770,000 4,496 ,000 12,266,000 45,440,144 0.3902 2037 8,170,000 4,097,500 12,267,500 45,433,819 0.3901 2038
11 ,230,000 3,612 ,500 14,842 ,500 45,434,769 0.3901 2039 14,460,000 2,970,250 17,430,250 45,442,206 0.3902 2040
-----w.-85o:ooa··---------2~1-62~5ci6 __________ 2o:o1-2~s-oo- ------------------------------4-s~442~2sa·--------------o:39o2 __ ______ 2o4-r--· 34,325,000 858,125 35,183,125 38,955,125 0.3345 2042
2043 $ 140,640,000 • $141 ,508,500 $ 282,148,500 309,475 $ 1 ,452,462 ,544
-A total of $6,000,000 of principal amortized within first 5 years of issuance (technology)
* - Bond issues projected to be sold at a net premium that will result in $146,000,000 deposits into AISD Project Fund for both the Series 2016 and Series 2017
( 1) Tax Base figures used to calculate I&S tax rates detailed on a separate page (2) 2012 thru 2015 I&S Tax Rates are Actual ; Tax Collection percentage= 99.0% thereafter (includes delinquencies, penalties and interest).
4 Public Finance Department
Allen Independent School District
CYE
Tax Base Growth Assumptions 14-Apr-15
Growth Assumptions CYE
31-Dec Tax Base Growth Rate 31-Dec 2014 $8,251 ,754,263 5.20% 2014
______ ?_9_1~----------------- ___ .§ lJ}Xl~~-QlQ@.~-------------------1-Q}.~-~~---- -----------------~9.1.~------2016 10,188,412,954 11.50% 2016 2017 10,697 ,833,601 5.00% 2017 2018 11 ,179,236,113 4.50% 2018 2019 11 ,514,613,197 3.00% 2019
______ ?_9_~Q _________________ ... 1.~l?.~-~l~9-~2~~1--------------------~~9.9.~----- -----------------~Q?_Q _____ _ 2021 11 ,862 ,354,515 1.00% 2021 2022 11 ,862,354,515 0.00% 2022 2023 11 ,862 ,354,515 0.00% 2023 2024 11 ,862 ,354,515 0.00% 2024
______ ?_9_~~----------------- __ 1_~l?..?_~_!~?_12~J-~-------------------_Q~Q9_~----- -----------------~9.?.~------2026 11 ,862 ,354,515 0.00% 2026 2027 11 ,862 ,354,515 0.00% 2027 2028 11 ,862 ,354,515 0.00% 2028 2029 11 ,862 ,354,515 0.00% 2029
______ ?_9_~Q _________________ .. J.~l~_?_~_!~?_12~J-~--------------------Q~Q9_~----- -----------------~9.~_9 _____ _ 2031 11 ,862 ,354,515 0.00% 2031 2032 11 ,862,354,515 0.00% 2032 2033 11 ,862,354,515 0.00% 2033 2034 11 ,862 ,354,515 0.00% 2034
______ ?_9_~~----------------- __ 1_~l~_?_~_!~?_12~J-~--------------------Q~9.9_~----- -----------------~9.~-~------2036 11 ,862,354,515 0.00% 2036 2037 11 ,862 ,354,515 0.00% 2037 2038 11 ,862 ,354,515 0.00% 2038 2039 11 ,862 ,354,515 0.00% 2039
______ ?_9_~Q _________________ .. .1.~l?..?_~_!~?.12~J-~--------------------Q~9.9.~----- -----------------~9.1_9 _____ _ 2041 11 ,862,354,515 0.00% 2042 11 ,862 ,354,515 0.00% 2043 11 ,862 ,354,515 0.00% 2044 11 ,862,354,515 0.00% 2045 11 ,862 ,354,515 0.00%
2041 2042 2043 2044 2045
* - 2014-2015 Tax Base values per Colin County Appraisal District; Tax Base Growth Scenarios/Assumptions thereafter provided by District Staff.
FirstSouthwest 1 Public Finance Departmemt
!
Election Size
$ 292,000,000
~
Principal Amortized
First 5 Years
$ 6,000,000
• - PSF 'AAA' Interest Rates as of 4/14/15 PLUS 0 75% •• - PSF 'AAA' Interest Rates as of 4/14/15 PLUS 1.00%
$0.55
$0.50
~ ro ~
~
Allen Independent School District Prospective $292,000,000 November 2015 Bond Election Scenario Summary
14-Apr-15
1 ~ § z
SERIES 2016 SERIES 2017
Issued 2/15/16
$ 146,000,000
Term/Rate *
25 yr I 4.40% Issued 8/1/17
$ 146,000,000
Term/Rate**
25 yr I 4.70%
I&S Surplus
Contribution
$ 1,626,357
$292,000,000 Bond Election
- PROJECTED I&S Tax Rate for $292,000,000 Election
~ $0.45 ----X ~ Vl
~
$0.40
$0.35
$0.30
$0.25
FirstSouthwest
First Southwest
Allen Independent School District
CYE
$292,000,000 Bond Election - Projected I&S Tax Rates 14-Apr-15
CYE 31-Dec Projected I&S Rate 31-Dec 2014 $ 0.5000 2014 2015 0.4800 2015
·--------------------------------------------------------------------------------------------------· 2016 0.4600 2016 2017 0.4600 2017 2018 0.4600 2018 2019 0.4545 2019 2020 0.4452 2020
·---------------------------------------------------------------------------------------------------2021 0.4400 2021 2022 0.4393 2022 2023 2024
0.4373 0.4375
2023 2024
2025 0.4375 2025 ·------2-o~e-------------------------~-------------o:4-37_4 ___________________________ 2_o2_6 ______ _
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039
0.4374 0.4374 0.3961 0.3961 0.3874 0.3874 0.3874 0.3874 0.3874 0.3874 0.3874 0.3873 0.3873
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039
. ______ ?_Q~Q-------------------------~-------------~:~-~?-~---------------------------?-~~_g ______ _ 2041 . 0.387 4 2041 2042 2043
0.3317
NOTE: Tax Rates calculated assuming 99.0% Collection Factor 3
2042 2043
Public Finance Departmemt
FirstSouthwest
Allen Independent School District $292,000,000 November 2015 Bond Election Scenario- 25 Year Term- I&S Tax Rate Projections I Calculations
14-Apr-15
1 £ ~ ~ §. ~
PSF AAA Interest Rates as of 4-14-15 PLUS 0.75%
$ 146,000,000- 2/15/16-4.40%- 25 Year Existing Bonds -:liifil~•IIl•Jl•I•, CYE Existing Calculated ~ Debt Service I&S Rate
