CFW
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
School Facilities Improvement District (SFID)
March 2013
Kern Community College District
CFW Caldwell Flores Winters, Inc. Facilities Planning, Public - - PowerPoint PPT Presentation
Kern Community College District School Facilities Improvement District (SFID) March 2013 CFW Caldwell Flores Winters, Inc. Facilities Planning, Public Finance, Program Administration Improvement Districts In 1997 K 12 school districts
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
School Facilities Improvement District (SFID)
March 2013
Kern Community College District
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
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form School Facilities Improvement Districts (SFIDs) and, in doing so, allow the issuance of General Obligation (G.O) bonds by the SFID
with the county and state
to meets its various facilities needs, however significant facilities needs remain
programs available at the Delano Center, to further promote educational opportunities in those communities
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Bernardino County, the southern portion of Tulare County, and portions of Inyo and Mono Counties
instructional centers
District (SRID) to address the various priority facility needs of the Bakersfield, Cerro Coso, and Porterville College Campuses
remain today
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miles has benefitted from the successful implementation of School Facilities Improvement Districts (SFIDs)
to propose a $15 million bond to District voters. The voter approval rate was 76%
Mammoth Lakes (except for the area comprising the Municipal Airport)
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
4 Mammoth SFID Kern SRID
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more School Facility Improvement Districts focused on the following communities : 1) Porterville 2) Delano 3) Cerro Coso 4) Bakersfield
multiple objectives:
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Facilities Planning, Public Finance, Program Administration
Option 1: Porterville SFID
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Boundary Map
Porterville SFID would be created along the boundaries of the Porterville USD
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Historical Assessed Valuation Growth
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2013 Assessed Valuation (A.V.) is approximately $5.2 billion and has only experienced one year of negative growth
Year Secured Unsecured Total % Change 2002‐03 $3,048,477,567 $115,422,195 $3,163,899,762 2003‐04 $3,178,563,995 $118,424,175 $3,296,988,170 4.21% 2004‐05 $3,659,513,130 $123,642,835 $3,783,155,965 14.75% 2005‐06 $3,888,743,946 $145,005,797 $4,033,749,743 6.62% 2006‐07 $4,106,598,487 $144,949,119 $4,251,547,606 5.40% 2007‐08 $4,490,582,202 $182,373,590 $4,672,955,792 9.91% 2008‐09 $4,725,956,766 $159,048,847 $4,885,005,613 4.54% 2009‐10 $4,716,803,784 $176,257,228 $4,893,061,012 0.16% 2010‐11 $4,723,433,244 $197,408,588 $4,920,841,832 0.57% 2011‐12 $4,656,154,571 $202,537,406 $4,858,691,977 ‐1.26% 2012‐13 $5,004,145,096 $201,143,554 $5,205,288,650 7.13% Average 5.20%
Option 1: Porterville SFID
Assessed Valuation
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Facilities Planning, Public Finance, Program Administration
G.O. Bond Program Assumptions
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a tax rate of $25 per $100,000 of assessed value
Tax Rate 2014 2017 2020 2023 Total $25 18,858,162 $ 8,844,245 $ 3,038,007 $ 8,696,354 $ 39,436,767 $ $20 15,086,530 $ 7,075,396 $ 2,430,405 $ 6,957,083 $ 31,549,414 $ $15 11,314,897 $ 5,306,547 $ 1,822,804 $ 5,217,812 $ 23,662,060 $ $10 7,543,265 $ 3,537,698 $ 1,215,203 $ 3,478,542 $ 15,774,707 $
* Includes Porterville USD
Option 1: Porterville SFID
Option 1: Porterville SFID
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bond election for a Porterville SFID would require approximately 8,102 “yes” votes in
local voters who have supported improving local community colleges
Political Party Voter Age Gender
Option 1: Porterville SFID
Voter Demographics
DEMOCRATS 34% OTHER 23% REPUBLICANS 43% FEMALE 55% MALE 45% AGE 18‐24 12% AGE 25‐34 16% AGE 45‐54 16% AGE 55‐64 18% AGE 65+ 24% AGE 35‐44 14%
Election Date:
Total District Voters: 28,204 Projected Turnout: 52% Estimated Total Ballots Cast: 14,731 Yes Votes Req. To Win Prop 39 Election (55%): 8,102 Suggested "Yes" File Goal To Win: 10,533
Source: Political Data *Voter data not currently not available for Strathmore Union ESD
Projected Voter Turnout
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Option 2: Delano SFID
Boundary Map Boundary Map
Delano SFID includes the combined area currently consisting of the Delano Joint Union HSD, McFarland USD, and Wasco Union SD
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Historical Assessed Valuation Growth
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averaged 9.37%
Year Secured Unsecured Total % Change 2002‐03 $3,765,561,785 $151,642,104 $3,917,203,889 2003‐04 $3,970,591,596 $160,497,268 $4,131,088,864 5.46% 2004‐05 $4,461,604,209 $157,846,918 $4,619,451,127 11.82% 2005‐06 $4,757,642,979 $171,433,782 $4,929,076,761 6.70% 2006‐07 $5,780,993,490 $188,391,018 $5,969,384,508 21.11% 2007‐08 $6,516,098,549 $231,429,963 $6,747,528,512 13.04% 2008‐09 $7,485,050,116 $219,761,613 $7,704,811,729 14.19% 2009‐10 $7,183,487,913 $262,232,379 $7,445,720,292 ‐3.36% 2010‐11 $7,577,002,535 $247,531,074 $7,824,533,609 5.09% 2011‐12 $8,145,027,296 $297,684,758 $8,442,712,054 7.90% 2012‐13 $9,104,676,856 $328,728,883 $9,433,405,739 11.73% Average 9.37%
Option 2: Delano SFID
Assessed Valuation
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
Option 2: Delano SFID
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establishing a tax rate of $25 per $100,000 of assessed value
G.O. Bond Program Assumptions
Tax Rate 2014 2017 2020 2023 Total Tax Rate 2014 2017 2020 2023 Total $25 34,176,144 $ 16,028,188 $ 5,505,699 $ 15,760,170 $ 71,470,201 $ $20 27,340,915 $ 12,822,551 $ 4,404,559 $ 12,608,136 $ 57,176,161 $ $15 20,505,686 $ 9,616,913 $ 3,303,419 $ 9,456,102 $ 42,882,120 $ $10 13,670,457 $ 6,411,275 $ 2,202,279 $ 6,304,068 $ 28,588,080 $
* Includes Delano HSD, McFarland USD, and Wasco Union HSD
Option 2: Delano SFID
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required in order to pass a bond in November 2014
local voters who have supported improving local community colleges
Political Party Voter Age Gender
AGE 18‐24 18% AGE 25‐34 22% AGE 45‐54 15% AGE 55‐64 13% AGE 65+ 16% AGE 35‐44 16% DEMOCRATS 59% OTHER 19% REPUBLICANS 22%
MALE 46% FEMALE 54%
Voter Demographics
Option 2: Delano SFID
Election Date:
Total District Voters: 17,619 Projected Turnout: 41% Estimated Total Ballots Cast: 7,144 Yes Votes Req. To Win Prop 39 Election (55%): 3,929 Suggested "Yes" File Goal To Win: 5,108
Source: Political Data
Projected Voter Turnout
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Option 3: Cerro Coso SFID
Boundary Map Boundary Map
Cerro Coso SFID includes the combined area currently consisting of the Sierra Sands USD, Tehachapi USD, Mojave USD, So. Kern USD, and Muroc Joint USD
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Historical Assessed Valuation Growth
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approximately $10.7 billion
$2 billion in 2013
Year Secured Unsecured Total % Change 2002‐03 $4,638,196,054 $520,672,882 $5,158,868,936 87.63% 2003‐04 $4,796,974,406 $523,895,725 $5,320,870,131 3.14% 2004‐05 $5,157,280,529 $502,956,431 $5,660,236,960 6.38% 2005‐06 $5,726,767,647 $565,829,083 $6,292,596,730 11.17% 2006‐07 $6,699,277,172 $683,385,926 $7,382,663,098 17.32% 2007‐08 $7,888,401,951 $650,221,304 $8,538,623,255 15.66% 2008‐09 $8,392,626,842 $631,814,613 $9,024,441,455 5.69% 2009‐10 $8,300,826,120 $784,023,977 $9,084,850,097 0.67% 2010‐11 $7,876,760,487 $885,237,641 $8,761,998,128 ‐3.55% 2011‐12 $7,645,104,586 $1,549,375,799 $9,194,480,385 4.94% 2012‐13 $7,538,414,517 $3,216,703,919 $10,755,118,436 16.97% Average 13.93%
Assessed Valuation
Option 3: Cerro Coso SFID
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establishing a tax rate of $25 per $100,000 of assessed value
G.O. Bond Program Assumptions
Tax Rate 2014 2017 2020 2023 Total Tax Rate 2014 2017 2020 2023 Total $25 38,964,557 $ 18,273,895 $ 6,277,101 $ 17,968,325 $ 76,304,032 $ $20 31,171,645 $ 14,619,116 $ 5,021,681 $ 14,374,660 $ 65,187,102 $ $15 23,378,734 $ 10,964,337 $ 3,766,261 $ 10,780,995 $ 48,890,326 $ $10 15,585,823 $ 7,309,558 $ 2,510,840 $ 7,187,330 $ 32,593,551 $
* Includes Mojave USD, Tehachapi USD, Sierra Sands USD, Southern Kern USD, and Muroc Jt. USD
Option 3: Cerro Cosso SFID
Option 3: Cerro Coso SFID
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Facilities Planning, Public Finance, Program Administration
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bond election for a Cerro Coso SFID would require approximately 12,066 “yes” votes in
in these communities are mostly Republican and older
Political Party Voter Age Gender
FEMALE 51% MALE 49% DEMOCRATS 25% OTHER 27% REPUBLICANS 48% AGE 18‐24 10% AGE 25‐34 14% AGE 45‐54 21% AGE 55‐64 20% AGE 65+ 22% AGE 35‐44 13%
Voter Demographics
Option 3: Cerro Coso SFID
Election Date:
Total District Voters: 34,327 Projected Turnout: 55% Estimated Total Ballots Cast: 18,988 Yes Votes Req. To Win Prop 39 Election (55%): 10,443 Suggested "Yes" File Goal To Win: 13,576
Source: Political Data *Voter data not currently not available for Sierra Sands USD
Projected Voter Turnout*
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Facilities Planning, Public Finance, Program Administration
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Option 4: Bakersfield
Boundary Map Boundary Map
Bakersfield SFID includes the area consisting of the Kern Union HSD
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
Historical Assessed Valuation Growth
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approximately $47 billion
decline
Option 4: Bakersfield
Assessed Valuation
Year Secured Unsecured Total % Change 2002‐03 $24,200,908,243 $1,165,099,154 $25,366,007,397 2003‐04 $26,037,258,799 $1,153,650,565 $27,190,909,364 7.19% 2004‐05 $28,362,541,002 $1,262,148,587 $29,624,689,589 8.95% 2005‐06 $32,492,241,387 $1,318,616,559 $33,810,857,946 14.13% 2006‐07 $39,471,084,087 $1,418,069,195 $40,889,153,282 20.93% 2007‐08 $45,819,821,752 $1,696,895,112 $47,516,716,864 16.21% 2008‐09 $46,357,191,176 $1,784,821,080 $48,142,012,256 1.32% 2009‐10 $42,794,544,959 $1,967,934,304 $44,762,479,263 ‐7.02% 2010‐11 $43,098,943,259 $2,014,097,774 $45,113,041,033 0.78% 2011‐12 $42,633,839,480 $2,203,276,671 $44,837,116,151 ‐0.61% 2012‐13 $44,797,998,326 $2,242,852,693 $47,040,851,019 4.91% Average 6.68%
Caldwell Flores Winters, Inc.
Facilities Planning, Public Finance, Program Administration
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establishing a tax rate of $25 per $100,000 of assessed value
G.O. Bond Program Assumptions
Option 4: Bakersfield
Tax Rate 2014 2017 2020 2023 Total Tax Rate 2014 2017 2020 2023 Total $25 177,726,360 $ 104,562,441 $ 53,375,588 $ 64,240,600 $ 399,904,989 $ $20 142,181,088 $ 83,649,953 $ 42,700,470 $ 51,392,480 $ 319,923,991 $ $15 106,635,816 $ 62,737,465 $ 32,025,353 $ 38,544,360 $ 239,942,994 $ $10 71,090,544 $ 41,824,977 $ 21,350,235 $ 25,696,240 $ 159,961,996 $
* Includes Kern Union High School District
Option 4: Bakersfield SFID
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bond election for a Bakersfield SFID would require approximately 65,658 “yes” votes in
in these communities are majority female, above the ages of 45
Political Party Voter Age Gender
Voter Demographics
Option 4: Bakersfield
MALE 47% FEMALE 53% DEMOCRATS 37% OTHER 22% REPUBLICANS 41% AGE 18‐24 11% AGE 25‐34 20% AGE 45‐54 17% AGE 55‐64 17% AGE 65+ 19% AGE 35‐44 16%
Election Date:
Total District Voters: 247,460 Projected Turnout: 48% Estimated Total Ballots Cast: 119,378 Yes Votes Req. To Win Prop 39 Election (55%): 65,658 Suggested "Yes" File Goal To Win: 85,355
Source: Political Data
Projected Voter Turnout
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Facilities Planning, Public Finance, Program Administration
Timeline
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* Election date not yet annouced by County Registrar of Voters; timeline may be adjusted for a June or November 2014 election date June 2014 – Statewide and School District Elections Nov 2014 – Regularly Scheduled Election
Nov Jan Mar May Jul Sept
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Facilities Planning, Public Finance, Program Administration
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Review District needs and goals
Conduct preliminary community voter opinion poll to establish priorities and funding
Prepare draft Plan for District consideration
Determine available sources of funding, including local G.O. Bond options
Prepare draft Financing Plan for District consideration
Undertake Public Information campaign
Conduct Voter Opinion Survey
Modify Capital and Finance Plan based on results
Assist District in conducting election, including adoption of resolution, project list and ballot language
Assist District in public acceptance and campaign committee in voter approval program
Design local Bond Program for District and voter approval, if needed
Assist in Bond approval
Issue Bonds
Implement Construction Program
Caldwell Flores Winters, Inc.
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multidisciplinary, full service firm meeting the needs of school districts throughout the State
election, and financial advisory services
undertaken in California, including McFarland, Lindsay, and Lancaster Unified School Districts
as: Bakersfield City, Porterville, Richgrove, Mojave, Sierra Sands, Southern Kern, Wasco, Needles and Big Pine
involving Federal Stimulus programs
Community College District
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No. District County 1 Arvin Kern 2 Bakersfield City SD Kern 3 Buttonwillow ESD Kern 4 Caliente SD Kern 5 Edison SD Kern 6 Elk Hills SD Kern 7 Fairfax SD Kern 8 General Shafter SD Kern 9 Kern CCD, Mammoth Kern 10 Kernville Union SD Kern 11 Lamont SD Kern 12 Lost Hills SD Kern 13 Maricopa USD Kern 14 McFarland Unified SD Kern 15 Midway SD Kern 16 Mojave USD Kern 17 Muroc Jt USD Kern 18 Richgrove SD Kern 19 Richland SD Kern 20 Sierra Sands USD Kern No. District County 21 Southern Kern USD Kern 22 Standard ESD Kern 23 Vineland ESD Kern 24 Wasco ESD Kern 25 West Kern CCD Kern 26 Lindsay USD Tulare 27 Porterville USD Tulare 28 Earlimart ESD Tulare 29 Pixley ESD Tulare 30 Adelanto ESD San Bernardino 31 Bear Valley San Bernardino 32 Beaumont San Bernardino 33 Needles San Bernardino 34 Palo Verde CCD San Bernardino 35 Rialto USD San Bernardino 36 Big Pine USD Inyo 37 Bishop USD Inyo 38 Bishop ESD Inyo 39 Owens Valley USD Inyo 40 Round Valley Mono Other: 41 Lancaster SD Los Angeles 42 Palmdale SD Los Angeles
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Ernesto Flores President Caldwell Flores Winters, Inc. Ph.: (510) 596‐8170 Rosa Perez Principal Caldwell Flores Winters, Inc. Ph.: (510) 596‐8170