Central  Dauphin  School  District  2016-­‐2017  Budget  Presenta<on  #7  

April  18,  2016    

Budget  2016-­‐17  

•  Bond  Refinancing  Update  •  Commonwealth  Budget  Informa<on  •  Dauphin  County  Technical  School  •  Electric  Contract  •  5  Year  Budget  Model    

Bond  Refinancing  Update  –  2017  $1,588,854    –  2018  $      779,567  –  2019  $      761,575  –  2020  $      748,048  –  2021  $2,309,729  –  2022  $2,250,416  –  2023  $1,712,870  

–  2024  $1,200,267  –  2025  $      125,109  –  2026  $          98,170  –  2027  $          98,042  –  2028  $          89,220  –  2029  $          88,930  –  2030  $          86,986  

Present  Value  Savings  =  $11,937,783  

Aggregate  Debt  Service  

Proj. Rmb. MVAR ('16) Reimb. Local Share Proj. Rmb. MVAR ('16) Reimb. Local Share Proj. Rmb. MVAR ('16) Reimb. Local Share Proj. Rmb. MVAR ('16) Reimb. Local Share0.3406 0.3541 12.061% 87.939% 0.3225 0.3541 11.420% 88.580% 0.2131 0.3541 7.546% 92.454% 0.0000 0.3541 0.000% 100.000%(Max) (Max) (Max)

Estimated Estimated Estimated EstimatedPeriod Principal Annual Local Share Principal Annual Local Share Principal Annual Local Share Principal Annual Local ShareEnding (Nov. 15) Interest Debt Service Debt Service (Dec. 1) Interest Debt Service Debt Service (Dec. 1) Interest Debt Service Debt Service (Nov. 15) Interest Debt Service Debt Service

6/30/2017 6,765,000 1,280,378 8,045,378 7,075,053 680,000 13,600 693,600 614,393 1,205,000 809,575 2,014,575 1,862,558 5,000 168,920 173,920 173,9206/30/2018 7,110,000 933,503 8,043,503 7,073,404 2,095,000 751,175 2,846,175 2,631,406 5,000 168,820 173,820 173,8206/30/2019 7,475,000 568,878 8,043,878 7,073,734 2,200,000 643,800 2,843,800 2,629,211 5,000 168,720 173,720 173,7206/30/2020 1,370,000 354,603 1,724,603 1,516,604 8,460,000 377,300 8,837,300 8,170,449 5,000 168,620 173,620 173,6206/30/2021 1,425,000 297,990 1,722,990 1,515,186 3,270,000 100,400 3,370,400 3,116,074 2,915,000 139,420 3,054,420 3,054,4206/30/2022 1,485,000 237,593 1,722,593 1,514,837 430,000 26,400 456,400 421,961 2,355,000 86,720 2,441,720 2,441,7206/30/2023 1,550,000 173,858 1,723,858 1,515,949 445,000 8,900 453,900 419,649 1,825,000 44,920 1,869,920 1,869,9206/30/2024 1,615,000 106,989 1,721,989 1,514,306 1,270,000 13,335 1,283,335 1,283,3356/30/2025 1,690,000 36,335 1,726,335 1,518,1286/30/20266/30/20276/30/20286/30/20296/30/20306/30/2031

TOTAL 30,485,000 3,990,124 34,475,124 30,317,201 680,000 13,600 693,600 614,393 18,105,000 2,717,550 20,822,550 19,251,307 8,385,000 959,475 9,344,475 9,344,475

GENERAL OBLIGATION BONDS GENERAL OBLIGATION BONDSSERIES A OF 2006 SERIES OF 2011 SERIES OF 2014 SERIES OF 2015

GENERAL OBLIGATION BONDS GENERAL OBLIGATION NOTES

Aggregate  Debt  Service  (Con<nued)  

Proj. Rmb. MVAR ('16) Reimb. Local Share Proj. Rmb. MVAR ('16) Reimb. Local Share0.0000 0.3541 0.000% 100.000% 0.3000 0.3541 10.623% 89.377%

(Est)

Estimated Estimated Estimated EstimatedPeriod Principal Annual Local Share Principal Annual Local Share Annual Local ShareEnding (Nov. 15) Interest Debt Service Debt Service (Feb. 1) Interest Debt Service Debt Service Debt Service Debt Service

6/30/2017 95,161 313,159 408,320 408,320 2,084,162 2,084,162 1,862,762 13,419,955 11,997,0056/30/2018 489,731 305,504 795,235 795,235 5,000 2,874,706 2,879,706 2,573,795 14,738,439 13,247,6606/30/2019 508,299 287,992 796,291 796,291 5,000 2,874,656 2,879,656 2,573,750 14,737,345 13,246,7066/30/2020 526,867 270,851 797,718 797,718 5,000 2,874,594 2,879,594 2,573,695 14,412,835 13,232,0866/30/2021 543,114 253,015 796,129 796,129 5,000 2,874,525 2,879,525 2,573,633 11,823,464 11,055,4426/30/2022 566,324 227,994 794,318 794,318 3,030,000 2,874,450 5,904,450 5,277,220 11,319,481 10,450,0566/30/2023 596,497 198,924 795,421 795,421 3,750,000 2,722,950 6,472,950 5,785,329 11,316,048 10,386,2686/30/2024 626,670 168,344 795,014 795,014 4,870,000 2,647,950 7,517,950 6,719,318 11,318,288 10,311,9736/30/2025 661,485 136,141 797,626 797,626 6,390,000 2,404,450 8,794,450 7,860,216 11,318,411 10,175,9696/30/2026 684,695 111,558 796,253 796,253 8,435,000 2,084,950 10,519,950 9,402,416 11,316,203 10,198,6696/30/2027 703,263 94,547 797,810 797,810 8,855,000 1,663,200 10,518,200 9,400,852 11,316,010 10,198,6616/30/2028 719,510 75,867 795,377 795,377 9,305,000 1,220,450 10,525,450 9,407,331 11,320,827 10,202,7086/30/2029 740,399 55,788 796,187 796,187 9,675,000 848,250 10,523,250 9,405,365 11,319,437 10,201,5526/30/2030 761,288 34,478 795,766 795,766 10,090,000 434,500 10,524,500 9,406,482 11,320,266 10,202,2496/30/2031 784,498 11,767 796,265 796,265 796,265 796,265

TOTAL 9,007,801 2,545,929 11,553,730 11,553,730 64,420,000 30,483,793 94,903,793 84,822,163 171,793,272 155,903,269

AGGREGATE(CDSD Portion = 46.42%) SERIES OF 2016SPSBA (DCTS) Series of 2015 GENERAL OBLIGATION BONDS

Commonwealth  Budget  Update  

       2015-­‐2016  Budget  •  Basic  Educa<on    

–  $  16,003,892  •  Special  Educa<on    

–  $      5,559,251  

       2015-­‐2016  Actual  •  Basic  Educa<on    

–  $  16,512,766  •  Special  Educa<on    

–  $      5,314,442  

 Difference  +  $264,065  

Commonwealth  Budget  Update  

       2016-­‐2017  Ini6al  Budget  •  Basic  Educa<on    

–  $  16,003,892  •  Special  Educa<on    

–  $      5,559,251  

       2016-­‐2017  Actual  Budget  •  Basic  Educa<on    

–  $  17,274,220  •  Special  Educa<on    

–  $      5,531,257  

 Difference  +  $1,242,334  

Other  Budget  Changes  

•  Dauphin  County  Technical  School  – $235,000  refund  of  overpayment  expected  

•  Electricity  Contract  Changes  – $103,000  cost  reduc<on  

5-­‐Year  Budget  Model  –  No  Tax  Increase  

5-­‐Year  Budget  Model  –Tax  Increase  

Ques<ons