April 23, 2020 1 AGENDA 1. Welcome Joanne Gore, Chair 2. COVID-19 - PowerPoint PPT Presentation

Bond Oversight Committee 2018 Bond Program April 23, 2020 1

AGENDA 1. Welcome – Joanne Gore, Chair 2. COVID-19 Update Safety and Operating Plans 3. Bond 2018 Update – Oscar Perez, Carolina Fuzetti • Contract Updates • Bond Program Financials • Small Business Initiative Update • Meadows Elementary Rebuild (PKG004) • Neill ES Additions/Renovation (PKG007) • Lakeview ES Rebuild (PKG006) • New Construction/Renovation, Work in Progress 4. Transportation Update – Demetrius Martin 5. Communications Update – Amanda Bubela 6. Technology Update Bond 2014 & Bond 2018 – Jojo Jacob 7. Safety and Security – Chief David Rider 8. Debt Service Fund Update – Bryan Guinn 9. Questions/Comments 2

COVID-19 Safety and Operating Plans • Contractors are required to provide their Safety and Operating Plans addressing COVID-19 measures. • Contractors have partnered with the AGC (Association of General Contractors) to establish and follow Recommended Practices for Construction Jobsites in response to the COVID-19 Pandemic. • Revised jobsite practices establish restrictions on sharing personal protection equipment (PPE), tools, multi-user devises, use of common water coolers, and require soap and running water in the workplace. • The District has made operation modifications during this period to allow general contractors to have running water within our facilities to help mitigate the risk of COVID-19 contamination within construction workers.

COVID-19 Safety and Operating Plans 4

Contract Updates A/E Contracts (Design) 42 of 42 (A/E) Architect/Engineer contracts have been executed JOC Contracts (Construction) 21 of 21 Job Order Contracts (JOC) construction contracts have been executed CSP/CMAR Contracts (Construction) 19 of 29 Competitive Sealed Proposal (CSP)/Construction Manager at Risk (CMAR) construction contracts have been executed • Bond 2018 was divided into a total of 51 packages, out of which 41 packages are already under contract. • 6 packages are currently awaiting BOT approval for April and May, in order to execute contracts. • 4 packages are still left to bid. Total package budget for the remaining packages is approximately $59.6M (Construction budget $42M) 5

Bond Program Financials Commitments Spent to Date $348.3M $166.8M 6

Small Business Initiative 2018 Bond Program Construction A/E Services Awarded Construction Awarded Design/Engineering 35% 91% Contracts Contracts $201,925,310 $45,280,078 Total SBE Commitment Total SBE Commitment 28% 31% $62,174,523 $11,351,212 SBE Paid to Date SBE Paid to Date 11% 17% $22,422,450 $6,886,526 7

Meadows ES Rebuild Rebuild of Existing Meadows Elementary School • Construction of new school 29% complete • Substantial completion date is October 2020 • Mid-year opening - students on-campus start date is January 2021 8

Neill ES Additions/Renovation 12 Classroom Addition • Construction started August 2019 • 54% complete • Substantial completion August 2020 9

Lakeview ES Rebuild Rebuild of Existing Lakeview Elementary School • Relocation of Extended Learning - May 2020 • Construction to start summer 2020 • Substantial completion October 2021 • Mid-year opening January 2022 10

New Construction/Renovation Progress New Construction Additions/Renovations HS 12 Madden ES Addition - 10 classroom • • Construction scheduled to start Land owned by FBISD Summer 2020 • Construction scheduled to start May 2020 • Scheduled opening – Fall 2022 Fine Arts ES 53 • Fine Arts PKG010 – Construction • Land owned by FBISD contract – BOT approval April 2020 • Schematic Design – BOT approval April 2020 • Construction scheduled to start • Scheduled opening – Fall 2022 May 2020 ES 52 and MS 16 • Land acquisition in progress • Construction documents in progress New Ag Facility • Construction scheduled to start April 2020 • Scheduled completion September 2020 11

Construction Work in Progress • PKG042 thru PKG046 – HVAC/MEP • Installation/replacements currently ongoing • 5% complete • PKG026, 027, 028 – Roofing Replacements • Work is currently ongoing • 10% completion • PKG 012 – Restrooms • 50% complete • Substantial completion September 2020 • PKG 013 – Kitchen Renovations • 20% complete • 7 campuses currently undergoing kitchen renovations • 3 campuses scheduled to start renovation in May/June 2020 • PKG021 - Turf and Athletics • Construction started in March 2020 • 5% complete • 10 campuses scheduled to receive new turf • 12 campuses scheduled to receive new tracks 12

Transportation Bus Purchases from 2018 Bond - (10) 14-passenger $ 580,260 (Received) - (20) Special Needs $ 1,901,000 (Received) - (6) Activity/Field Trip $ 599,658 (Received) - (30) 77-passenger CNG $ 4,250,670 - (20) 77-passenger $ 2,038,160 ___________ Total Expenditures to Date $ 9,369,748 13

Communications Plan Update • Meadows Elementary Construction Update Video https://youtu.be/-FG21upKaKg • An animation instructing how to access the Bond Dashboard has been shared on social media and it will be reposted periodically. Upcoming: • More quick 2018 Bond update social media posts and videos. (i.e. a post about how laptops purchase with the 2018 Bond are being utilized for At-Home Learning during the COVID-19 pandemic.) 14

Information Technology - Phase 1 Classroom Toolkit devices – Completed summer 2019 - Phase 2 Classroom Toolkit devices (28 Schools) – Scheduled for Summer 2020 - ES 18 - HS 4 - MS 6 - Internal Streaming technology for campus announcements – Completed Spring 2020 - Support staff device refresh - Scheduled to start Summer 2020 - Audio/Video refresh – Scheduled to start Summer 2020 - District phone refresh – Scheduled to start May 2020 - Approx. 6000 phones handsets - Network IDF/MDF refresh (HVAC Project) - Phase 1 is complete - Phase 2 is all remaining campuses (275 IDF/MDF) - Pkg. 2 Volume 2/Phase 1 in progress – 19 schools 15

Information Technology 2018 Bond Row Labels Sum of Original Budg Sum of Total Enc. + E % of Total Budget Audio/Video $ 2,010,000 $ 150,000 7% Classroom Toolset $ 94,000,000 $ 35,266,358 38% Infrastructure $ 24,300,000 $ 17,919,759 74% Network $ 3,690,000 $ 2,885,062 78% Staff Computer Refre $ 11,300,000 $ 615,722 5% System $ 7,300,000 $ 239,206 3% Grand Total $ 142,600,000 $ 57,076,106 40% 16

Safety and Security • Floor Mounted Door Locks • Window Film • Fencing • Vehicles • ID Badges 17

SUMMARY OF OUTSTANDING DEBT AS OF 3/31/2020 Summary Statistics Principal Composition Total Outstanding Principal $ 1,073,031,776 Total Fixed Rate 882,096,776 82.21% Total Variable Rate 190,935,000 17.79% 27.47% Total Interest Payments 494,515,408 Callable Principal (%) 72.53% Percent of Principal Retired 72.53% w/in 5 years 24.38% w/in 10 years 54.21% Noncallable w/in 15 years 75.78% 27.47% Callable w/in 20 years 85.99% 72.53% w/in 25 years 94.84% w/in 30 years 100.00% Final Maturity 8/15/2049 Underlying Ratings Voted Authorization Fitch AA+ Date Amount Issued Balance S&P AA+ 11/6/2007 $ 428,000,000 $ 419,000,000 $ 9,000,000 11/4/2014 484,000,000 435,000,000 49,000,000 11/6/2018 992,600,000 104,120,000 888,480,000 $ 1,904,600,000 $ 958,120,000 $ 946,480,000 18

SUMMARY OF OUTSTANDING DEBT PRINCIPAL & INTEREST $120,000,000 $100,000,000 $80,000,000 Aggregate Debt Service $60,000,000 $40,000,000 $20,000,000 $0 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 2046 2047 2048 2049 Period Ending 8/31 Principal Interest 19

SUMMARY OF OUTSTANDING DEBT CALLABLE BONDS  The following table shows the District’s callable bonds as of March 31, 2020 Callable Call Bond Issue Principal Date Unlimited Tax School Building & Refunding Bonds, Series 2010 $ 66,580,000 8/15/2020 Unlimited Tax Refunding Bonds, Series 2012 46,870,000 8/15/2022 Unlimited Tax Refunding Bonds, Series 2014 46,145,000 8/15/2024 Unlimited Tax Refunding Bonds, Series 2016A 35,755,000 8/15/2024 Unlimited Tax Refunding Bonds, Series 2017A (Green Bonds) 36,525,000 8/15/2026 Unlimited Tax Refunding Bonds, Series 2017B 28,080,000 8/15/2026 Variable Rate Unlimited Tax Refunding Bonds, Series 2017C (Green Bonds) 42,030,000 8/1/2020 Variable Rate Unlimited Tax Refunding Bonds, Series 2017D 45,495,000 8/1/2021 Unlimited Tax Refunding Bonds, Series 2018 119,585,000 8/15/2027 Unlimited Tax School Building Bonds, Taxable Series 2018 48,300,000 8/15/2027 Variable Rate Unlimited Tax Refunding Bonds, Series 2019A 81,555,000 8/1/2022 Unlimited Tax School Building & Refunding Bonds, Series 2019B 92,605,000 2/15/2028 Unlimited Tax Refunding Bonds, Series 2019C 88,715,000 8/15/2028 20