Welcome Why are we here? Malcolm Public Schools is going to be - - PowerPoint PPT Presentation

Welcome

Why are we here?

Malcolm Public Schools is going to be doing a construction project and we are looking for your input regarding some funding options.

This project is not an attempt to grow the school—we are replacing some of our portable classrooms in an attempt to improve security and eliminate the need for costly maintenance and upgrades to the portables. In addition, our special education program is in need of a larger area that can house large pieces of equipment, tables, and rehabilitation devices.

PART 1: How did we get here?

• We anticipated this growth in 2005 (failed a

bond referendum), and added two portables (four classrooms).

• The need grew in 2008 (failed a bond referendum),

and added two more portables (four more classrooms)

How did we get here? (cont.)

– Our needs remain high

• Classrooms to replace the portables
• Special Education Room
• New Roof
• New entry at the elementary school (security concerns)
• Cover the north wall
• Security camera system

– Future needs

• Space for an early childhood program
• Carpet in the elementary school
• Continual maintenance and replacement of heat pumps
• New entry at the high school

– Wants

• Auditorium/performing arts center

In addition, we are not getting smaller

454 458 442 455 476 480 475 481 475 483 509 508 523 536 400 410 420 430 440 450 460 470 480 490 500 510 520 530 540 550

Student Growth

Student Growth

Option Enrollment

Option enrollment seemed to be the biggest concern during the failed bond referendums of 2005 & 2008

Option Enrollment Facts:

• Nebraska State Statute 79-236:

Beginning with the 1993-94 school year, the enrollment option program SHALL be implemented by all public school districts.

• MPS net option funding dollars for 2017-2018: $1,447,911
• MPS does not advertise for option students
• MPS currently has four classes that are full and capped for 2017-2018 and we

are not looking to add sections any time soon.

Potential Village Growth

• 11 New Homes on Education Drive and NW

112th Street.

• Potential Subdivision on the East Side of

Malcolm.

• ????

PART 2: School District Revenue

Local Property Tax State Aid (TEEOSA) Federal Aid Non-Bonded Revenue General Fund Special Building Fund Depreciation Fund Bonded Indebtedness QCPUF General Obligation

Personal Impact

2016-2017 Levy Information for MPS

.907194 General Fund .138385 Special Building Fund .054230 97’ General Obligation Bond .020558 QCPUF 2011 .008910 QCPUF 2013 1.129276 Total Levy

Personal Impact (cont.)

1.129276 Levy (Residential) $200,000 Home (($200,000/100)*1.129276 Levy)= $2258.55 1.129276 Levy (Ag Land) $500,000 Ag Land $500,000 * .75=$375,000 (($375,000/100)*1.129276 Levy)= $4234.79

Levy Numbers from 2016-2017

Fund Rate

1) General Fund 0.907194 2) Special Building 0.138385 3) 97' Bond 0.05423 4) QCPUF 2011 0.020558 4) QCPUF 2013 0.00891 Total 16-17 Levy 1.129276

Option #1

Fund Rate

1) General Fund 0.907194 2) Special Building 0.138385 3) 97' Bond 4) QCPUF 2011 4) QCPUF 2013 0.00891 Using the 16-17 numbers, the following would represent the potential levy after the 97' Bond and 11' QCPUF come off. 1.054489 Option #1 represents the status quo. Depending on the district valuation, we would fully fund the General Fund and the Special Building fund at $1.05. With the 97’ Bond and the 2011 QCPUF coming off, patron would realize a $0.074787 savings.

Option #2

Fund Rate

1) General Fund 0.907194 2) Special Building 0.05 3) Cooperative Construction 0.07 4) 97' Bond 5) QCPUF 2011 5) QCPUF 2013 0.00891 Using the 16-17 numbers, the following would represent the potential levy after the 97' Bond and 11' QCPUF come off, we drop the Special Building to .05, and fund the Cooperative Construction project at .07. 1.036104 Option #2 represents a $3.5 million building project funded by the Public Facilities Construction and Finance Act. Depending on the district valuation, we would reduce

• ur Special Building Fund by $0.088385. With the 97’ Bond and the 2011 QCPUF

coming off, patron would realize a $0.093172 savings. However, this is a 20 year general obligation bond. You save money in the short term, but pay later.

Option #3

Option #3 could look a lot of different ways, but ultimately it would be a combination of option #1 and option #2. For example, if we wanted to pay down the debt on the bonds quicker, we could increase the tax asking in the special building fund (short term) and pay it off in 7-19 years.

Lancaster County Levies/Valuation

LANCASTER ( 55 ) General Bond Building Qualified Total Valuation LINCOLN PUBLIC SCHOOLS 1.0450 0.1588 0.0050 0.0309 1.2397 19,461,814,212 WAVERLY SCHOOL DISTRICT 145 1.0120 0.1307 0.0317 0.0363 1.2107 1,675,398,220 MALCOLM PUBLIC SCHOOLS 0.9072 0.0542 0.1384 0.0295 1.1293 342,261,084 NORRIS SCHOOL DIST 160 1.0192 0.1069 0.0153 0.0112 1.1526 1,386,805,332 RAYMOND CENTRAL PUBLIC SCHOOLS 0.9755 0.1399 0.0302 0.0053 1.1509 701,470,511

Levy/Valuation for Similarly Sized Schools Nearest to Malcolm

General Bond Building Qualified Total Valuation

CENTENNIAL PUBLIC SCHOOLS 0.3739 0.0538 0.0314 0.0141 0.4732 1,608,315,723 DAVID CITY PUBLIC SCHOOLS 0.6647 0.0000 0.0878 0.0292 0.7817 1,346,767,283 TRI COUNTY PUBLIC SCHOOLS 0.5904 0.0000 0.0079 0.0000 0.5983 974,388,311 WAHOO PUBLIC SCHOOLS 0.9244 0.0882 0.1240 0.0157 1.1523 972,609,566 ASHLAND- GREENWOOD PUBLIC SCHS 0.9050 0.0780 0.0350 0.0000 1.0180 731,158,541 RAYMOND CENTRAL PUBLIC SCHOOLS 0.9755 0.1399 0.0302 0.0053 1.1509 701,470,511 WILBER-CLATONIA PUBLIC SCHOOLS 0.8321 0.0749 0.0375 0.0277 0.9722 674,332,829 MILFORD PUBLIC SCHOOLS 0.9525 0.0331 0.0000 0.0000 0.9856 635,157,943 PALMYRA DISTRICT O R 1 0.9055 0.1475 0.0483 0.0000 1.1013 525,154,636 MALCOLM PUBLIC SCHOOLS 0.9072 0.0542 0.1384 0.0295 1.1293 342,261,084