WHITE OAK ISD BOND ELECTION MAY 6, 2017 WWW.WHITEOAKISDBOND.COM - - PowerPoint PPT Presentation

WHITE OAK ISD BOND ELECTION

MAY 6, 2017

WWW.WHITEOAKISDBOND.COM

The White Oak ISD Board of Trustees unanimously voted to call a $19,005,000 bond election for May 6, 2017.

WHAT IS A BOND ELECTION?

• Gives a community the opportunity to vote on paying for the

construction and renovation of public school facilities

• School districts borrow money in the form of bonds to finance

design, construction, expansion and renovation of facilities, similar to homeowners borrowing money in the form of a mortgage to finance a home

• Bond proceeds can be used for:

– Capital improvements like the construction of new schools and improvements to existing district facilities, new land purchases, technology and equipment – But not teachers salaries or regular operating budget items

THE PLANNING PROCESS

Selection of an Architect & Consultants District-wide Facility Assessment Staff Interviews and Internal Information Gathering Financial Analysis Formation of the FPC FPC Meets and Studies Needs Community Survey FPC Deliberation & Prioritization

FPC Makes Recommendation to School Board

Board of Trustees Call Election

FACILITIES PLANNING COMMITTEE

• Parents
• Grandparents
• Teachers
• Business Owners
• Civic Leaders

The FPC studied:

• District-wide facility assessment
• District financial information
• Possible projects at each campus
• Community survey results

COMMUNITY

WHY IS A BOND ELECTION NEEDED?

• State funds are not provided to school districts for

construction of new facilities or improvements.

• 89% of our regular, or Maintenance and Operations (M&O)

budget, is made up of “fixed cost” (salaries, insurance, utilities, etc). The remainder of the budget pays for travel, supplies and materials, professional development, and nominal capital expenditures.

TAX INFORMATION

SCHOOL BUDGET

M&O I&S

Maintenance and Operations (M&O)

• Salaries
• Utilities
• Supplies
• Day-to-day
• perations

Interest and Sinking (I&S) Principal and interest payments on debt issued for

• New construction
• Renovations
• HVAC
• Roofing

GENERAL OPERATING FUND DEBT SERVICES FUND

Bond elections affect the I&S portion of a school district’s tax rate.

WHITE OAK ISD CURRENT TAX RATE

$1.17 $0.0775 $1.2475 M&O I&S TOTAL

TAX IMPACT

If approved the estimated maximum impact of the total bond proposal is anticipated to be 37.8 cents for a total tax rate of $1.6255.

Taxable Home Value *$100,000

*Includes homestead exemptions

+$31.50 Per Month

Current Tax Rate Proposed Tax Rate M&O $1.17 $1.17 I&S $0.0775 $0.4555 Total $1.2475 $1.6255

HOMEOWNERS AGE 65+

• Persons who have the over-65 exemption do not pay more school

district taxes – even if the school district raises its tax rate or if the appraised value of their home increases.

• Residents age 65 or older that have received an “over-65 homestead

exemption” have a tax ceiling on the amount of school taxes paid.

• The tax ceiling is the amount of school taxes paid in the year the

taxpayer qualifies for the over-65 exemption.

• If a couple owns a home together and only one is 65 or older, they

both qualify for the over-65 exemption. Taxes for those 65 and older can only go up if substantial home improvements are made on the home.

BOND PROPOSAL

DISTRICT-WIDE IMPROVEMENTS

Roofing Replacement

(All Campuses)

Existing roofs at every campus have exceeded their life expectancy. Replacing them instead of continuing to repair them will save the district money for other operations.

Window Replacements

(Primary & Intermediate)

The exterior windows at this campus are from the original build in 1982. The window frames are rusting and in poor condition, allowing water to leak into the classrooms each time it rains.

Air Handler Replacements

(Primary & Intermediate and Middle School)

The existing air handler units at these campuses are

• ver 30 years old and have exceeded their life
• expectancy. Fifteen units at the Primary &

Intermediate campus and seven units at the middle school would be replaced.

Refunding of Existing Debt

(District-Wide)

White Oak ISD recently made several energy efficient

• improvements. Transferring the district wide energy

savings project debt to the I&S side of the budget would allow the district to relieve $180,000–$190,000 per year of the Maintenance and Operations Budget, which could be used for teacher compensation, expanded learning opportunities and additional funding in the classrooms.

ACADEMIC & ATHLETIC IMPROVEMENTS

Science Lab Renovation

(Middle School)

Current middle school science labs are undersized and do not meet recommended Texas Education Agency (TEA) guidelines. The renovation will allow for larger spaces to accommodate both the science lab and classroom setting.

Elevator Addition

(Middle School)

Along with the science lab renovation, an elevator will be added near the science wing to allow for handicap accessibility and compliance with the Americans with Disability Act.

Science Lab Addition

(High School)

The existing high school science labs are also undersized and do not meet recommended TEA

• guidelines. Building an addition will allow for

existing science lab space to be transitioned and repurposed into additional classrooms for other programs.

New Field House

(High School)

The existing field house was originally built in 1968, and has exceeded its life expectancy. Renovating this facility to be in compliant with current jurisdictional code, resolve flooding issues and improve the safety would cost 95%

• f the amount to build brand new.

MAY 2017 BOND PROPOSAL

Project Amount Roofing replacement at all campuses $5,942,350 Water intrusion repair (Repair of windows at Pri/Int campus) $660,000 Air handler replacements at Pri/Int and Middle School campus $308,000 Transfer of M&O debt used for previous HVAC projects $2,400,000 Middle School science lab renovations and elevator addition $1,056,650 New Field House $2,984,000 High School science lab addition and repurposing of existing science labs $5,654,000 TOTAL $19,005,000

Long Range Plan

Future Projects $1.6 million transfer of M&O debt used for previous HVAC projects Centralized entrance at the Primary/Intermediate campus Repurposing the existing middle school band hall to become space for the special education program Renovating the existing shop to become the middle school band hall Renovating the high school band hall Renovating the remaining high school classrooms (that weren’t included in the Phase 1 HS science classroom renovations) Renovating and creating additional space for Career Tech programs New Agriculture Facility

VOTING INFORMATION

VOTING INFORMATION

• You must be a registered voter that resides within

White Oak ISD boundaries in order to be eligible to vote in this election.

• The last day to register to vote is Thursday, April 6.
• Registered voters are now required to present an

approved form of photo ID when voting in person.

VOTING INFORMATION

EARLY VOTING ELECTION DAY

White Oak ISD Administration Building 200 S. White Oak Road | White Oak, TX White Oak ISD Auditorium 200 S. White Oak Road | White Oak, TX

Monday, April 24 – Tuesday, April 25 12:00 pm – 8:00 pm Wednesday, April 26 – Friday, April 28 Monday, May 1 – Tuesday, May 2 7:30 am – 4:00 pm

Saturday, May 6 7:00 am – 7:00 pm

Community Center 200 S. White Oak Road White Oak, TX

QUESTIONS?

WWW.WHITEOAKISDBOND.COM