CBOC Presentation 2015-2016 Annual Report Measure G Bond Sale - - PowerPoint PPT Presentation

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

CBOC Presentation

2015-2016 Annual Report

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Measure G Bond Sale

Series A $ 15,000,000 Series B $ 30,000,000 Series B Premium $ 370,000 Interest $ 238,041 Remaining $ 18,000,000 Transfer Out* $ (10,748) Total $ 63,597,293

Series A $15,000,000 Series B $30,000,000 Series B Premium $370,000 Interest $238,041 Remaining $18,000,000 Transfer Out* $(10,748)

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Expenditures by Financial Year

2013 $1,753,677 2014 $6,267,288 2015 $12,644,148 2016 $14,834,625 Unissued Bond Sales $18,000,000 Fund Balance $10,097,555

2013 $ 1,753,677 2014 $ 6,267,288 2015 $ 12,644,148 2016 $ 14,834,625 Unissued Bond Sales $ 18,000,000 Fund Balance $ 10,097,555 Total $ 63,597,293

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Expenditures 2015 Categories

School Buildings and Interior $10,540,115 School Grounds $2,494,298 Other Expenditures $967,038 Technology $833,174

School Buildings and Interior $ 10,540,115 School Grounds $ 2,494,298 Other Expenditures $ 967,038 Technology $ 833,174 Total $ 14,834,625

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

School Buildings and Interior Breakdown

Roof $5,562,831 HVAC Systems $4,950,728 Exterior Lighting $26,556

Roof $ 5,562,831 HVAC Systems $ 4,950,728 Exterior Lighting $ 26,556 Total $ 10,540,115

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

School Grounds Breakdown

Playgrounds $2,494,298

Playgrounds $ 2,494,298 Total $ 2,494,298

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Technology Breakdown

VoIP/Clocks/Bells $832,164 Video Surveillance $1,010

VoIP/Clocks/Bells $ 832,164 Video Surveillance $ 1,010 Total $ 833,174

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Other Expenditures Breakdown

Construction Management $877,376 Consultants $53,100 Legal $16,848 Compensation $14,262 Audit Expenses $5,141

Construction Management $ 877,376 Consultants $ 53,100 Legal $ 16,848 Compensation $ 14,262 Audit Expenses $ 5,141 Construction Support $ 310 Total $ 967,038

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

School Buildings and Interior $ 25,075,090 School Grounds $ 4,280,353 Other Expenditures $ 4,148,036 Technology $ 1,918,735 Equipment $ 77,523 Total $ 35,499,738

Expenditures Through June 30th

th, 2016

School Buildings and Interior $25,075,090 School Grounds $4,280,353 Other Expenditures $4,148,036 Technology $1,918,735 Equipment $77,523

Categories

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

By School Expenditures Through June 30th

th, 2016

$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 NMHS Not Site Specific NJHS Graham Schilling Kennedy Bunker / BGP Snow Lincoln Milani / BGI Musick MacGregor Whiteford

Equipment Technology Other Expenditures School Grounds School Buildings and Interior

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Non Site Specific Breakdown Expenditures Through June 30th

th, 2016

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 Other Expenditures School Buildings and Interior Technology

Legal Compensation Consultants Wireless Video Surveillance Roof Debt Issuance LAN Switches HVAC Systems Construction Management

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Finding on Compliance

Based on the review and observations of the Citizens’ Bond Oversight Committee, we find that the Newark Unified School District is in compliance with the requirements of Article XIII A, Section 1(b)(3) of the California Constitution and that funds are being used for the purposes specified in the ballot language.

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Findings and Concerns

• Obtaining Information
• The CBOC Webpages
• Maintenance Plan
• Inspection Tour

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Recommendations

The CBOC Recommends the Governing Board to:

• Evaluate how to better provide information to the CBOC
• Evaluate how to better keep the website up to date

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Word of f Thanks

The CBOC Thanks:

• Bryan Richards
• Sarah Wilson
• Business Services Staff
• Robert Sands, John Watkins (Vanir Construction)
• Michael Ash (Christy White Associates)

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Questions