1. Bond and Override Report
Assess audience
How many rookies?
How many veterans?
What do they want to get out of the class?
Bond and Override Report
September 5, 2017
ARS § Y and 491.K

2. ARS K
Each school district that issues bonds under this section is required to hold a public meeting each year between September 1 and October 31, until the bond proceeds are spent, at which an update of the progress of capital improvements financed through bonding is discussed and at which the public is permitted an opportunity to comment. At a minimum, the update shall include a comparison of the current status and the original projections on the construction of capital improvements, the costs of capital improvements and the costs of capital improvements in progress or completed since the prior meeting and the future capital bonding plans of the school district.

3. Bond Pamphlet Budget Election – November 8, 2011
Non-Administrative Purposes
1. Construct, renovate, and remodel
school facilities, including a gymnasium. $16,086,328
2. Purchase pupil transportation vehicles $1,009,800
3. Technology, furniture, and equipment upgrades $1,807,200
4. Pay off energy financing $1,803,200
Administrative Purposes
5. Technology, furniture and equipment upgrades $323,350
Total $21,029,878*
*$21M +$29,878 Bond premium

4. Comparison – Election Pamphlet Actual vs. Projection
Original Budget Expense Balance
1. $16,086,328 $15,954,304 $132,024
2. $1,009,800 $1,130,311 $(120,511)
3. $1,807,200 $1,666,084 $141,116
4. $1,803,200 $2,193,287 $(390,087)
5. $323,350 $85,892 $237,458
$21,029,878 $21,029,878
Cost of capital improvements FY17 $383,374
Bond Fund Balance 6/30/2017 $0

5. Bond Projects in FY
Facilities condition assessment - districtwide
District office exterior lighting upgrade
Additional parking lot at Boys and Girls Club
Remodel Transportation break room
Baseball field renovation
Architect fees for cafeteria remodel

6. M&O Override Purpose of override:
To maintain or increase funding to programs, including special area classes such as art, music, PE, and technology
After school sports and extra curricular programs
Improve student achievement through lower class sizes by increasing the ratio of teachers to students
To continue funding to attract and secure highly qualified and competent teachers
To offset inflationary costs of supplies, benefits, salaries, fuel and utilities

7. M&O Override Expenses
Budget FY $1,902,833 Expenses – K-3 Programs $614, days of instruction $174,248 Special area teachers $480,380 Class size reduction $494,610 After school programs $139,576 Total $1,902,833
K-3 for salaries and benefits equals approximately $1,474,285

8. Capital Outlay Override
Budget
Capital Outlay budget - $2,411,280
Non-Administrative
Support of district technology plan 34%
Reading, Math, and Science curriculum 16%
Preventive maintenance and Trans. 48%
98%
Administrative
Computer replacement 2% %

9. Capital Outlay Override
Expenditures 2017
Non-Administrative
Support of district technology plan $831,140
Reading, Math, and Science curriculum $784,145
Preventive maintenance and Trans. $320,007
Total $1,935,361
Administrative
Computer replacement $
Total Capital Outlay Expenditures $1,935,361

10. Future Plans for Bond Expenditure
Remaining Bond funds from $0
Bond plan for 2018
Meet with architects and contractors to estimate project scope and costs – August 2017
Meet with Investment Bankers to determine optimum debt structure – September 2017
Final meeting with Bond Committee to review plans – December 2017
Finalize bond plan and present to Board – February 2018
Board call for election, if deemed advisable – June 5, 2018
Election – November 6, 2018