Logan-Hocking Local School District Moody’s Rating Presentation August 3, 2020
COMMUNITY OVERVIEW State & School District Map US Rt 33 2
COMMUNITY OVERVIEW Increasing Wealth Trends Within the District Historical Median Family Income $80,000 $60,000 $63,849 $61,070 $54,369 $53,114 $52,891 $52,733 $51,122 $50,355 $40,000 $48,519 $20,000 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 Historical Per Capita Income $25,000 $24,463 $23,604 $20,000 $22,775 $21,800 $21,981 $21,543 $21,297 $20,440 $19,206 $15,000 $10,000 $5,000 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 Increasing wealth trend within the District Both median family income and per capita income have been increasing since 2010 Median family income increased by 31.6% since 2010 Per capita income increased by 27.4% since 2010 3 Source: US Census Bureau
COMMUNITY OVERVIEW Very Affordable District Affordability Comparison of Surrounding School Districts $3,500 $3,000 $3,312 $3,133 $3,069 $2,500 $2,783 $2,000 $2,437 $2,450 $2,166 $1,994 $1,943 $1,500 $1,826 $1,000 $500 $0 Vinton County LSD New Lexington CSD Logan-Hocking LSD Southern LSD Nelsonville-York CSD Logan Elm LSD Alexander LSD Amanda-Clearcreek Berne Union LSD Fairfield Union LSD LSD Affordability Comparison of Southeastern Columbus MSA Districts $5,000 $4,000 $3,975 $3,902 $3,561 $3,000 $3,336 $3,151 $3,050 $3,010 $2,804 $2,000 $1,994 $1,000 $0 Logan-Hocking LSD Groveport-Madison LSD Columbus CSD Whitehall CSD Hamilton LSD Pickerington LSD Gahanna-Jefferson CSD Bexley CSD Reynoldsburg CSD Taking into account all property taxes & any school district income taxes that the average homeowners pays: Relative to surrounding districts, Logan-Hocking LSD is affordable Compared to urban districts closer to Columbus, Logan-Hogan LSD is most affordable The dollar is stretched a lot further in the District – residents don’t need as much to live off of Assumes $126,000 home value and $63,849 median family income. 4 Source: US Census Bureau and Ohio Municipal Advisory Council
LOCAL & REGIONAL ECONOMY Diversified Employment Opportunities within the Region Rank Employer County Industry Employees 1 Ohio University Athens Education 4,345 2 Adena Regional Medical Center Ross Healthcare 3,452 3 Kenworth Truck Company (Paccar) Ross Manufacturing 2,285 4 Fairfield Medical Center Fairfield Healthcare 1,864 5 Veterans Affairs Medical Center Ross Healthcare 1,567 6 Ohio Health Athens Healthcare 947 7 Fairfield County Fairfield Government 938 8 Anchor Hocking Corporation Fairfield Manufacturing 900 9 Pixelle Ross Manufacturing 874 10 Lancaster City School District Fairfield Education 705 11 Athens County Athens Government 630 12 Chillicothe Correctional Institute Ross Ohio Penal Institution 543 13 Ross County Correctional Institute Ross Ohio Penal Institution 505 14 Logan-Hocking Local School District Hocking Education 466 15 Ross County Ross Government 431 16 City of Lancaster Fairfield Government 430 17 Kroger Fairfield Grocery 412 18 Pickaway/Ross JVSD Ross Education 371 19 Athens City School District Athens Education 347 20 Chillicothe City School District Ross Education 340 21 Walmart Athens Retail 336 22 Hocking County Government Hocking Government 316 23 Hocking College Athens Education 300 24 Kroger Athens Grocery 300 25 Hocking Valley Community Hospital Hocking Healthcare 285 26 City of Chillicothe Ross Government 285 27 Walmart Hocking Retail 265 28 Smead Manufacturing Hocking Manufacturing 230 Source: City of Lancaster, Athens Chamber of Commerce, Ross County, Logan-Hocking Local School District. 5 Repeated employers indicate locations and employees in different counties.
LOCAL & REGIONAL ECONOMY Diversified Employment Opportunities within the District Rank Employer Industry Employees 1 Logan-Hocking Local School District Education 466 2 Hocking County Government Government 316 3 Hocking Valley Community Hospital Healthcare 285 4 Walmart Retail 265 5 Smead Manufacturing Manufacturing 230 6 Amanda Manufacturing Manufacturing 191 7 Kroger Grocery 135 8 City of Logan Government 130 9 Logan Care, LLC Healthcare 113 10 Logan Clay Products Company Manufacturing 87 6 Source: Logan-Hocking Local School District
SCHOOL DISTRICT OVERVIEW Leadership Team Present Term Expires Board Member Service with District Since Occupation December 31 Dr. Scott Anzalone, President 2008 2023 Family Physician Lance Bell, V.P. 2014 2021 Pharmacist Amy Black 2020 2023 Nurse Practitioner Elizabeth Amnah 2018 2021 Retired Educator Mark Barrell 2018 2021 Retired District Employee Superintendent Monte Bainter 2016 Contract Superintendent Treasurer Paul Shaw CPA CGMA RSBFO 1992 Contract Treasurer 7
SCHOOL DISTRICT OVERVIEW Chieftain Center Fieldhouse Project New Chieftain Center Fieldhouse Project Project Description: The Project includes the construction of a 86,000 sf facility with 6 lane 200 meter indoor running track, four full size basketball courts, 12,000 sf turf area, two classrooms, weight & wrestling room, high jump, pole vault, long jump, throwing area, mezzanine viewing area, locker rooms, broadcast room, collapsible batting cages, concessions and restrooms. Programming including: Junior ROTC, Broadcasting/Technology and Curriculum based programs within facility Is available for community usage as well – “Hub of the Community” Funding Source: Issuance of Certificate of Participation “COPs” in the amount of $8.5 million Ribbon cutting and opening was in November, 2019 Repayment Sources: Cash - $250k committed by the Board & $1.75 Million committed from Chieftain Boosters fundraising campaign of which $1,388,000 has been received by the District to date Dedicated Additional Permanent Improvement Fund – Funded with Transfer of Inside Millage 2020: Transferred 1.025 Mills to “Permanent Improvement Fund – General” Generates $822,000 annually (2020 Calendar Collection) Sufficient to repay the annual COPs payments (approx. $498,000/year) No increase in tax burden for the current taxpayers The goal was to have inside millage equal the current taxpayer millage reduction as a result of the new pipeline value District’s general fund revenues not be negatively affected by this Project Outside user fees will cover ongoing operational costs of the new facility 8
SCHOOL DISTRICT OVERVIEW Funding for Chieftain Center Fieldhouse Leach Xpress Pipeline (Trans Canada Corporation) Pipeline Overview Interstate pipeline transporting up to 1.5 Billion cubic feet per day of natural gas through Ohio and West Virginia Pipeline is 150 miles long with diameters of 30 and 36 inches Includes 3 new compressor stations Timing Finished construction of new pipeline and compressor station within the District in 2017 Placed in-service on January 1, 2018 Tax value became public in 2019 (Public Utility and Personal Property) Assessed value of the pipeline within the District is approximately $105 Million First tax revenues collected in Spring 2020 Annual tax revenues of $3.4 Million began in 2020 for the District 9 *Estimated revenues per year pipeline is calculated assuming current 2020 assessed values and first half 2020 collections.
SCHOOL DISTRICT OVERVIEW Funding for Chieftain Center and Other Permanent Improvements Inside Millage within the District Historically Transferred Inside Millage for Specific Needs within the District Always transferred inside millage as a result of existing millage being reduced Revenues from inside millage increases as assessed valuations grow Historical Transfers of Inside Millage within the District 1997: Transferred 1.00 Mill to “Permanent Improvement Fund – General” Can be used for textbooks, buses, equipment, buildings, lease-purchase agreements, etc. Generates $802,000 annually (2020 Calendar Collection) 2001: Transferred .50 Mills to “Permanent Improvement Fund – Technology” Provides for technology needs throughout the buildings Generates $401,000 annually (2020 Calendar Collection) 2013: Transferred .875 Mills to “Permanent Improvement Fund – General” Provides for additional permanent improvement needs including technology and maintenance staff Generates $702,000 annually (2020 Calendar Collection) District transferred available remaining 1.525 mills of inside millage beginning in 2020 2020: Transferred 1.025 Mills to “Permanent Improvement Fund – General” Generates $822,000 annually (2020 Calendar Collection) Sufficient to repay the annual COPs payments (approx. $498,000/year) 2020: Transferred 0.50 Mills to “Permanent Improvement Fund – Technology” Generates $401,000 annually (2020 Calendar Collection) Provides funds for additional technology needs throughout the District 10 *Estimated revenues per year from inside millage movement is calculated assuming current 2020 assessed values and first half 2020 collections.
SCHOOL DISTRICT OVERVIEW New Chieftain Center Fieldhouse Project 11
SCHOOL DISTRICT OVERVIEW New Chieftain Center Fieldhouse Project Conceptual Plans 12
Recommend
More recommend
