1. Wappingers Central School District BUS REPLACEMENT PLAN 2012-2013

2. CURRENT LEVELS TRANSPORTATION FLEET CONSISTS OF: Large vehicles177 Vans and Cars 74 Wheelchair Vans 9 TOTAL260 NUMBER OF STUDENTS TRANSPORTED: Public10,099 Parochial & Private 1,915 Special Education needs 1,151 TOTAL13,165

3. REQUESTED REPLACEMENTS 17 - 72 PASSENGER BUSES$1,767,000 4 – 20 PASSENGER VANS$ 155,000 4 – 7 PASSENGER VANS$ 91,000 TOTAL$2,013,000

4. BUSES REPLACED VEHICLES WILL BE REMOVED FROM FLEET VIA AUCTION IN ACCORDANCE WITH DISTRICT POLICY AGE OF LARGE PASSENGER BUSES TO BE REPLACED ARE APPROX. 17 YEARS OLD MILEAGE RANGE IS 153,000 - 207,000 HIGH MILEAGE AND AGE A FACTOR FOR THE WCSD FLEET

5. FUNDING MECHANISM FUNDING VIA ISSUANCE OF 5 YEAR BOND ANTICIPATION NOTE (BAN) APPROX. GROSS ANNUAL COST $ 407,223 ESTIMATED ANNUAL STATE AID $ 207,570 NET ANNUAL COST $ 199,653* * 1 st principal payment not made until 2013-2014

6. Bus 598

7. QUESTIONS ????