Post on 11-Oct-2020
RED OAKSCHOOL DISTRICT
September 22, 2014
community recommendation for the
FOR SECURING YOUR EDUCATIONAL FUTURE
Letter of recommendation . . . . . . . . . . . . . . . . . . . . 1
tiger Vision faciLitating team committee . . . . . . . 2
scenario J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
tabbed presentation section . . . . . . . . . . . . . . . . . . . 61 . Communit y Engagement Session #12 . Communit y Engagement Session #23 . Communit y Engagement Session #34 . Communit y Engagement Session #45 . Communit y Engagement Session #5
contents
Red Oak School District 1
Dear School Board,
With this letter, the tiger Vision facilitating team committee (ftc) transmits a report prepared by BLDD Architects . The report assesses all aspects of our school district’s facilities and how we get to 21st century Learning environments. The study was conducted to provide the community with an independent, participatory, and data-driven assessment of all school buildings and proposed options that will inform the School District and Board of Education as we move forward to improve the educational environment for our students .
The attached presentations followed the outline:
1. Where are We now? The first step was creating a summary of the existing conditions of all facilities and repairs needed. This created the status quo .
2. Where do We Want to go? The second piece is the community engagement that occurred over six months and five public engagement sessions .
3. How do We get there? Lastly, we have the recommendation from the FTC based on the feedback from the community engagement meetings and the architect’s proposal .
Based on the architect’s conclusions, community engagement sessions, and facility team discussion, we unanimously support the two campus concept (scenario J) as presented for the current Inman and High School locations .
committee members: Gayle Allensworth, Dan Burns, Chris Deter, Janelle Erickson, Lee Fellers, John Gambs, Arryn Gillespie, Paul Griffen, Clay Ogden, Kandee Olson, Daric O’Neal, Nate Perrien, Lois Trinity, Julian Vasquez, Pete Wemhoff, Supt. Terry Schmidt, Business Manager Shirley Maxwell
Red Oak School District 2
tiger Vision facilitating team committee
Gayle Allensworth
Dan Burns
Chris Deter
Janelle Erickson
Lee Fellers
John Gambs
Arryn Gillespie
Terry SchmidtSuperintendent
Paul Griffen
Clay Ogden
Kandee Olson
Daric O’Neal
Nate Perrien
Lois Trinity
Julian Vasquez
Pete Wemhoff
Shirley MaxwellBusiness Manager
Red Oak School District 3
recommendation:scenario J - 2 campUses
Scenario J: 2 Campuses Scenario J: 2 Campuses Scenario J: 2 Campuses Scenario J
Red Oak School District 4
Red Oak School District 5
CES #1
Red Oak School District
9/16/2014
1
Community Engagement
www.redoakschooldistrict.com
Welcome
• Please introduce yourself to others at your table • Put on a name tag • Complete the information on the sign-in sheet
Community Engagement
www.redoakschooldistrict.com
Welcome
CES #1
Red Oak School District
9/16/2014
2
Community Engagement
www.redoakschooldistrict.com
Why are we here?
•Background
•Call to Action
Community Engagement
www.redoakschooldistrict.com
Purpose
• Solicit stakeholder hopes, ideas, suggestions
• Engage in meaningful dialogue and discussion
CES #1
Red Oak School District
9/16/2014
3
Community Engagement
www.redoakschooldistrict.com
The Process
• Facilitating Team (FT)
• Community Engagement Sessions (CES)
Community Engagement
www.redoakschooldistrict.com
Facilitating Team
• Members ‐ Community Chairs ‐ Community Members ‐ Staff Representatives ‐ District Leadership ‐ Board Liaisons
• Role ‐ Process ‐ Strategy ‐ Communications ‐ Agendas ‐ Materials ‐ Final Report of Findings
CES #1
Red Oak School District
9/16/2014
4
Community Engagement
www.redoakschooldistrict.com
Sessions
• Participants—any Red Oak Community Schools resident
• Workshops designed/governed by FT • Topics relevant to Red Oak Community
Schools’ long-range facility plan • Dialogue/discussions in small group setting
Community Engagement
www.redoakschooldistrict.com
CES Calendar/Syllabus Session Date/Time Location Topic
CES 1 Thursday, April 3, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Overview of Facility
Improvement Process
CES 2 Thursday, April 24, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 3 TBD Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 4 TBD Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 5 TBD Time: 6:30 p.m. – 8:30 p.m. .
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 6 TBD Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES #1
Red Oak School District
9/16/2014
5
Community Engagement
www.redoakschooldistrict.com
Typical Session Agenda
• Welcome & Review of Previous Session • Data/Informational Presentation • Instructions for Small Group Work Activity • Small Group Work (Dialogue/Decisions) • Small Group Reporting to Large Group • Closing/Preview of Next Session
Community Engagement
www.redoakschooldistrict.com
Data / Informational Presentation
Group Work Activity
VERBATIM RESPONSES
Executive Summary
Consensus Points
CONSENSUS POINTS USED IN FORMATION OF RECOMMENDATIONS
Session Documentation
CES #1
Red Oak School District
9/16/2014
6
Community Engagement
www.redoakschooldistrict.com
Website/Social Media
Website: www.redoakschooldistrict.com
Community Engagement
www.redoakschooldistrict.com
Questions/Comments
• Fill out “I Have a Question” form • Call: 712.623.6600
• Email: Terry Schmidt, Supt. schmidtt@roschools.com
TigerVision@redoakschooldistrict.com
• Ask questions during
Small Group time
CES #1
Red Oak School District
9/16/2014
7
Community Engagement
www.redoakschooldistrict.com
Sign-In Sheet
Please sign in as a record of your participation in this session. Name Mailing Address Phone Number Email Check All That Apply How did you hear about tonight's
meeting? Check All That Apply 1.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
2.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
3.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
4.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
5.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
6.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
7.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
8.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
RED OAK COMMUNITY SCHOOLS COMMUNITY ENGAGEMENT PROGRAM
Community Engagement Session #___ Table #
Sign in Sheet
Community Engagement
www.redoakschooldistrict.com
Setting the Stage
Randy West, Principal BLDD Architects
“Overview of Facility Improvement Process”
CES #1
Red Oak School District
9/16/2014
8
Can this say something
RED OAK COMMUNITY SCHOOLS Webster School
Grades: Pre-K Enrollment: 75 Square Footage: 11,300 SF/Student: 151 Year Built: 1952
CES #1
Red Oak School District
9/16/2014
9
RED OAK COMMUNITY SCHOOLS Inman Elementary School
Grades: K-3 Enrollment: 365 Square Footage: 63,500 SF/Student: 174 Year Built: 1952 Addition: 2001
RED OAK COMMUNITY SCHOOLS Washington Intermediate School
Grades: 4-5 Enrollment: 175 Square Footage: 24,700 SF/Student: 141 Year Built: 1972 Addition: 2001
CES #1
Red Oak School District
9/16/2014
10
RED OAK COMMUNITY SCHOOLS Red Oak Middle School
Grades: 6-8 Enrollment: 262 Square Footage: 67,000 SF/Student: 256 Year Built: 1903 Addition: 1952
Can this say something
RED OAK COMMUNITY SCHOOLS Red Oak High School
Grades: 9-12 Enrollment: 373 Square Footage: 104,000 SF/Student: 279 Year Built: 1969 Addition: 2002
CES #1
Red Oak School District
9/16/2014
11
Can this say something
RED OAK COMMUNITY SCHOOLS Bancroft
Square Footage: 18,150 Year Built: 1953
Physical Needs
Functional Needs
NEEDS ASSESSMENT
CES #1
Red Oak School District
9/16/2014
12
• Infrastructure / Systems • Interior Environmental Quality • Operation and Maintenance Costs • Energy Efficiency • Safety / Security • Technology
What is the physical condition of the building?
PHYSICAL NEEDS
CES #1
Red Oak School District
9/16/2014
13
CES #1
Red Oak School District
9/16/2014
14
CES #1
Red Oak School District
9/16/2014
15
CES #1
Red Oak School District
9/16/2014
16
CES #1
Red Oak School District
9/16/2014
17
CES #1
Red Oak School District
9/16/2014
18
CES #1
Red Oak School District
9/16/2014
19
CES #1
Red Oak School District
9/16/2014
20
EDUCATIONAL ADEQUACY
• Adequate space for instructional delivery • Appropriate educational environment
“If children have interest, learning happens.”
• Capacity and utilization • Changing demographics and proximity • Educational program delivery
Does the learning environment support the educational program?
CES #1
Red Oak School District
9/16/2014
21
Educational Adequacy Categories
• The School Site • Structural and Mechanical Features • Plant Maintainability • Building Safety and Security • Educational Adequacy • Environment for Education
GRADING CRITERIA
A = Excellent B = Satisfactory C = Borderline D = Poor F = Failing X = Non-existent
CES #1
Red Oak School District
9/16/2014
22
EDUCATIONAL ADEQUACY SCORES
CES #1
Red Oak School District
9/16/2014
23
THEN…
CES #1
Red Oak School District
9/16/2014
24
Yesterday’s Educational Approach: The Factory Model
The Bell Curve of Results
Extra People
Leaders
Skilled and Unskilled Laborers
EMPLOYMENT: then and now
*Source: 1959 data- the 1960 census, Table 100, Social and Economic Characteristics of the Population. 2008 data- the U.S. Department of Labor, Bureau of Labor and Statistics, Current Population Survey, Characteristics of the Employed, Table 10
CES #1
Red Oak School District
9/16/2014
25
EMPLOYMENT: then and now
*Source: 1959 data- the 1960 census, Table 100, Social and Economic Characteristics of the Population. 2008 data- the U.S. Department of Labor, Bureau of Labor and Statistics, Current Population Survey, Characteristics of the Employed, Table 10
1958-1959 • Basic Business • Bookkeeping • Business Law • Office Practice • Shorthand • Transcription • Typing 1-3
2011-2012 • Accounting 1 • Business Mrkt. Mgmt. • Business/Tech Conc. • Computer Applications • Consumer Education • Co-op Occupations 1-2 • Keyboarding • Multimedia • Video Production 1-4 • Web Design/Media Dev’t • Yearbook Production 1-2
CURRICULUM: then and now Business Education
CES #1
Red Oak School District
9/16/2014
26
Universal Constructs: Essential for 21st Century Success
• Critical Thinking • Complex Communication • Creativity • Collaboration • Flexibility and Adaptability • Productivity and Accountability
Source: Iowa Department of Education
“Employers are demanding that employees demonstrate the skills to work productively in teams, communicate effectively, think innovatively and solve problems creatively. An overwhelming number of students leave their educational experience unprepared for the world of work.”
Do school facilities affect academic outcomes?
YES!
CES #1
Red Oak School District
9/16/2014
27
17 separate studies all found positive health impacts from improved indoor air-quality, ranging from 13.5% up to 87% improvement.
3-4% *Schneider (2002)
IOWA ASSESSMENTS (Formerly known as ITBS)
CES #1
Red Oak School District
9/16/2014
28
• Learning is no longer optional
• Meet the needs of every child
• Engage students in learning
• Anywhere/anytime learning
• Support the 4C’s:
collaboration - communication creativity - critical thinking
21ST CENTURY Learning Environments
STUDENT-CENTERED
CES #1
Red Oak School District
9/16/2014
29
COLLABORATIVE
FOSTER CREATIVITY
CES #1
Red Oak School District
9/16/2014
30
FLUID/FLEXIBLE
CES #1
Red Oak School District
9/16/2014
31
CONNECTED TO NATURE
CES #1
Red Oak School District
9/16/2014
32
CES #1
Red Oak School District
9/16/2014
33
CURRICULUM MAPPING
CES #1
Red Oak School District
9/16/2014
34
21st Century Layout
CES #1
Red Oak School District
9/16/2014
35
Master plan modeling and analysis
COST/BENEFIT comparison
Life Cycle Costs
(including first costs, energy costs, O&M costs,
and renewal costs)
Educational Adequacy
CES #1
Red Oak School District
9/16/2014
36
CES #1
Red Oak School District
9/16/2014
37
Can this say something
Option total $480300
CES #1
Red Oak School District
9/16/2014
38
Cover up $ amount
What does
CES #1
Red Oak School District
9/16/2014
39
V
…………………… …………………… ……………………
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity
CES #1
Red Oak School District
9/16/2014
40
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity
Select a Recorder and Facilitator
Recorder Responsibilities — • Complete the information on the group’s worksheet
Facilitator Responsibilities — • Facilitate Discussion • Keep Group Focused/On Task • Report Group’s Information
Community Engagement
www.redoakschooldistrict.com
Small Group Worksheet
• Information on worksheet should reflect consensus/general agreement of group members
• Monitor progress to complete the worksheet in allotted time
• Only group recorder’s worksheet will be collected
CES #1
Red Oak School District
9/16/2014
41
Community Engagement
www.redoakschooldistrict.com
Work Activity #1:
Work Activity #1: Information Needed
SMALL GROUP WORK ACTIVITY FACILITY IMPROVEMENTS: WHAT MORE DO WE NEED TO KNOW?
COMMUNITY ENGAGEMENT SESSION (CES) #1 THURSDAY, APRIL 3, 2014 • 6:30 P.M. – 8:30 P.M. • RED OAK HIGH SCHOOL GYMNASIUM
Instructions: Each group should select a recorder and a facilitator/spokesperson. The recorder is responsible for completing the information requested on the worksheet printed on color paper and located in the center of the table. Be sure to complete the information in the box in the upper right corner of the activity sheet. This activity sheet will be collected at the conclusion of the session. The facilitator/spokesperson should facilitate discussions and keep the group focused to complete the work in the allotted time. At the end of the session the facilitator/spokesperson from each table will be asked to report his/her group's information. Please make sure the information recorded on the group’s work activity reflects the consensus or general agreement of everyone at the table, not just the opinion of one or two individuals. ACTIVITY WORK ACTIVITY #1 - WHAT MORE DO WE NEED TO KNOW? Tonight we learned a lot, from our presentation, about facility improvement plans and how they are put together, what additional information do we need to know, as part of this process, to be able to formulate recommendations for a facility improvement plan for our District. TOPICS - List your top three (3) topics: 1.
2.
3.
DATE
TABLE
RECORDER
FACILITATOR/SPOKESPERSON
Community Engagement
www.redoakschooldistrict.com
Work Activity #2
Rank the following needs in priority order:
H Highest Priority
M Medium priority
L Lower priority
SMALL GROUP WORK ACTIVITY #2 FACILITY IMPROVEMENTS: WHAT MORE DO WE NEED TO KNOW?
COMMUNITY ENGAGEMENT SESSION (CES) #1 THURSDAY, APRIL 3, 2014 • 6:30 P.M. – 8:30 P.M. • RED OAK HIGH SCHOOL GYMNASIUM
DATE
TABLE
RECORDER
FACILITATOR/SPOKESPERSON
Table #
Community Engagement Session #1Small Group Work Activity
21ST CENTURY SCHOOL ATTRIBUTESPlease rate the following by the priority in which the district should address them (H = High Priority, M = Medium Priority, L = Low Priority), and then circle your 3 highest priorities and report those to the group.
1. Equitable educational opportunities across grade levels
2. Creates enhanced technology access
3. Provides environment to maximize student services
4. Enhances staff opportunities for team teaching and co-curricular instruction
5. Supports a student-centered education
7. Creates opportunity for collaboration for both students and teachers
8. Creates an engaging educational environment
9. Allows for hands on, experiential, learning by doing (STEM)
10. Acts as a community hub
11. Creates a more suitable environment for “real world” learning activities
12. Focuses on sustainable energy and resource management
13. Other
CES #1
Red Oak School District
9/16/2014
42
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity Reporting
Community Engagement
www.redoakschooldistrict.com
Thank You! Don’t Miss Session #2
Thursday, April 24 • 6:30 – 8:30 P.M.
Red Oak High School Gymnasium
CES #2
Red Oak School District
9/16/2014
1
Community Engagement
www.redoakschooldistrict.com
Welcome
• Please introduce yourself to others at your table • Put on a name tag • Complete the information on the sign-in sheet
Community Engagement
www.redoakschooldistrict.com
Welcome
CES #2
Red Oak School District
9/16/2014
2
Community Engagement
www.redoakschooldistrict.com
Why are we here?
•Background
•Call to Action
Community Engagement
www.redoakschooldistrict.com
Purpose
• Solicit stakeholder hopes, ideas, suggestions
• Engage in meaningful dialogue and discussion
CES #2
Red Oak School District
9/16/2014
3
Community Engagement
www.redoakschooldistrict.com
The Process
• Facilitating Team (FT)
• Community Engagement Sessions (CES)
Community Engagement
www.redoakschooldistrict.com
Facilitating Team
• Members ‐ Community Chairs ‐ Community Members ‐ Staff Representatives ‐ District Leadership ‐ Board Liaisons
• Role ‐ Process ‐ Strategy ‐ Communications ‐ Agendas ‐ Materials ‐ Final Report of Findings
CES #2
Red Oak School District
9/16/2014
4
Community Engagement
www.redoakschooldistrict.com
Sessions
• Participants—any Red Oak Community Schools resident
• Workshops designed/governed by FT • Topics relevant to Red Oak Community
Schools’ long-range facility plan • Dialogue/discussions in small group setting
Community Engagement
www.redoakschooldistrict.com
CES Calendar/Syllabus Session Date/Time Location Topic
CES 1 Thursday, April 3, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Overview of Facility
Improvement Process
CES 2 Thursday, April 24, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Conditions Assessments &
District Reconfiguration Scenarios
CES 3 Thursday, May 15, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 4 Thursday, June 5, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 5 Thursday, June 19, 2014 Time: 6:30 p.m. – 8:30 p.m. .
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 6 Tuesday, July 1, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES #2
Red Oak School District
9/16/2014
5
Community Engagement
www.redoakschooldistrict.com
Typical Session Agenda
• Welcome & Review of Previous Session • Data/Informational Presentation • Instructions for Small Group Work Activity • Small Group Work (Dialogue/Decisions) • Small Group Reporting to Large Group • Closing/Preview of Next Session
Community Engagement
www.redoakschooldistrict.com
Data / Informational Presentation
Group Work Activity
VERBATIM RESPONSES
Executive Summary
Consensus Points
CONSENSUS POINTS USED IN FORMATION OF RECOMMENDATIONS
Session Documentation
CES #2
Red Oak School District
9/16/2014
6
Community Engagement
www.redoakschooldistrict.com
Website/Social Media
Website: www.redoakschooldistrict.com
Community Engagement
www.redoakschooldistrict.com
Questions/Comments
• Fill out “I Have a Question” form • Call: 712.623.6600
• Email: Terry Schmidt, Supt. schmidtt@roschools.com
TigerVision@redoakschooldistrict.com
• Ask questions during
Small Group time
CES #2
Red Oak School District
9/16/2014
7
Community Engagement
www.redoakschooldistrict.com
Sign-In Sheet
Please sign in as a record of your participation in this session. Name Mailing Address Phone Number Email Check All That Apply How did you hear about tonight's
meeting? Check All That Apply 1.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
2.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
3.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
4.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
5.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
6.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
7.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
8.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
RED OAK COMMUNITY SCHOOLS COMMUNITY ENGAGEMENT PROGRAM
Community Engagement Session #___ Table #
Sign in Sheet
Community Engagement
www.redoakschooldistrict.com
Setting the Stage
Randy West, Principal BLDD Architects
“Conditions Assessments & District Reconfiguration Scenarios”
CES #2
Red Oak School District
9/16/2014
8
Community Engagement
www.redoakschooldistrict.com
Results of CES #1
Work Activity #1: Information Needed
SMALL GROUP WORK ACTIVITY FACILITY IMPROVEMENTS: WHAT MORE DO WE NEED TO KNOW?
COMMUNITY ENGAGEMENT SESSION (CES) #1 THURSDAY, APRIL 3, 2014 • 6:30 P.M. – 8:30 P.M. • RED OAK HIGH SCHOOL GYMNASIUM
Instructions: Each group should select a recorder and a facilitator/spokesperson. The recorder is responsible for completing the information requested on the worksheet printed on color paper and located in the center of the table. Be sure to complete the information in the box in the upper right corner of the activity sheet. This activity sheet will be collected at the conclusion of the session. The facilitator/spokesperson should facilitate discussions and keep the group focused to complete the work in the allotted time. At the end of the session the facilitator/spokesperson from each table will be asked to report his/her group's information. Please make sure the information recorded on the group’s work activity reflects the consensus or general agreement of everyone at the table, not just the opinion of one or two individuals. ACTIVITY WORK ACTIVITY #1 - WHAT MORE DO WE NEED TO KNOW? Tonight we learned a lot, from our presentation, about facility improvement plans and how they are put together, what additional information do we need to know, as part of this process, to be able to formulate recommendations for a facility improvement plan for our District. TOPICS - List your top three (3) topics: 1.
2.
3.
DATE
TABLE
RECORDER
FACILITATOR/SPOKESPERSON
CES #2
Red Oak School District
9/16/2014
9
1. What are the plan options and could we see comparisons of the plans including costs?
2. Are the plans taking into account our school district possibly being a “regional hub” at some point?
3. What considerations have been given to outdoor space? (parking, playgrounds, activities, outdoor learning spaces, etc…)
4. Can we see a report of how efficient the buildings are? 5. Campus themed school district:
a. Middle School/High School Campus b. PK-5th Grade Campus
6. How do we compare/rank among other Hawkeye 10 schools? 7. Options for retiring old buildings? 8. Comparison of comparable school districts.
What More Do We Need To Know?
What More Do We Need To Know? 9. Is the land area sufficient for the buildings/additions? Traffic
flow? 10. Longevity of building expansions versus building new facility? 11. What are our expectations of educational needs? Technology
needs? 12. How is class behavior/discipline enhance by facilities or can it
be? 13. Has there been student input? Surveys and interviews? 14. Projected month of enrollment – how do we build for our
growth in the district? 15. How far away are we from the “21st Century” classroom? Are
we able to build ahead of technology? Build new? 16. How do athletics factor into our improvement plan? 17. How do these plans accommodate growth (i.e. consolidation)
or declining enrollment?
CES #2
Red Oak School District
9/16/2014
10
18. What is the practicality of renovating vs. building new? Thinking about solar, thermal, wind, etc…energies?
19. Would like to see administrative costs per student. Could we see a “then” vs. “now?”
20. Environment to support community involvement/student pride & learning.
21. How can we include surrounding school districts to make our community/school more appealing to draw in more students/families?
22. How to continue long range planning for the future. (future needs, etc…modular buildings/wireless devices, etc…)
23. What student population trends have been considered? (e.g. consolidations possibilities, population trends, new families arriving in town, population demographics?
24. What would our timeline be? Is there a projected timeline?
What More Do We Need To Know?
25. Why are we renovating rather than building new? Why are we not consolidating to only two major buildings?
26. What is the goal to maximize personnel? (Buildings more inclusive to share staffing & services?)
27. What’s the time frame? 28. What are the things that will make us a school of choice (what
can we do with them)? 29. What are the costs? Where does this money come from? 30. Is this plan adaptable to future curriculum, demographics, and
changes? 31. What happens to the buildings that aren’t in need? Demo? Sale? 32. Time table? 33. Funding – where is comes from and how it will be used. How
do we get over this hurdle?
What More Do We Need To Know?
CES #2
Red Oak School District
9/16/2014
11
34. Projected enrollment – how do we meet the needs of Red Oak students first?
35. How can we make our school district the “district of choice” to attract students in? (technology, college credits, buildings…)
36. Enrollment projection – consolidation possible for the next 30 years?
37. Safety issues. 38. Teacher needs and desires – what do they want and need and
will new facilities improve teaching opportunities and efficiencies?
39. How will new facilities or additions be designed to make sure growth is possible with an influx of students through consolidation?
What More Do We Need To Know?
40. How much would new facilities improve energy efficiencies and savings that could be obtained and what would happen to closed facilities (sold, destroyed, or maintained)?
41. Cost if reduced to three buildings? - Inman Middle School - Remodel High School - New High School
42. Time frame for process? 43. Future demographics – enrollment, etc…?
What More Do We Need To Know?
CES #2
Red Oak School District
9/16/2014
12
CONDITIONS ASSESSMENTS
Conditions Assessment & Costs
CES #2
Red Oak School District
9/16/2014
13
CES #2
Red Oak School District
9/16/2014
14
CES #2
Red Oak School District
9/16/2014
15
Enrollment Trends
CES #2
Red Oak School District
9/16/2014
16
Top 3
CES #2
Red Oak School District
9/16/2014
17
• Learning is no longer optional
• Meet the needs of every child
• Engage students in learning
• Anywhere/anytime learning
• Support the 4C’s:
collaboration - communication creativity - critical thinking
21ST CENTURY Learning Environments
(PechaKucha Presentation)
21ST CENTURY Learning Environments
CES #2
Red Oak School District
9/16/2014
18
1. Allows for hands on, experiential, learning by doing
2. Allows for flexibility of learning spaces & curriculum
Top Priorities For Facility Plans
3. Creates enhanced technology access
4. Creates an engaging educational environment
5. Creates a more suitable environment for “real world” learning activities
Top Priorities For Facility Plans
CES #2
Red Oak School District
9/16/2014
19
CES #2
Red Oak School District
9/16/2014
20
CES #2
Red Oak School District
9/16/2014
21
CES #2
Red Oak School District
9/16/2014
22
CES #2
Red Oak School District
9/16/2014
23
CES #2
Red Oak School District
9/16/2014
24
CES #2
Red Oak School District
9/16/2014
25
Innovation
Collaboration
CES #2
Red Oak School District
9/16/2014
26
Innovation
Collaboration
Communication
Collaboration
Creativity
Critical Thinking
21st Century
Skills
CES #2
Red Oak School District
9/16/2014
27
CES #2
Red Oak School District
9/16/2014
28
CURRICULUM MAPPING
CES #2
Red Oak School District
9/16/2014
29
21st Century Layout
CASE STUDY
Eisenhower High School
Decatur Public School District #61
CES #2
Red Oak School District
9/16/2014
30
front entry
front entry
CES #2
Red Oak School District
9/16/2014
31
interior entry
interior entry
CES #2
Red Oak School District
9/16/2014
32
student commons
information commons
CES #2
Red Oak School District
9/16/2014
33
classrooms
21st century learning environments
CES #2
Red Oak School District
9/16/2014
34
auditorium
auditorium
CES #2
Red Oak School District
9/16/2014
35
small learning community commons
CES #2
Red Oak School District
9/16/2014
36
flexible environments
CES #2
Red Oak School District
9/16/2014
37
CES #2
Red Oak School District
9/16/2014
38
CES #2
Red Oak School District
9/16/2014
39
CES #2
Red Oak School District
9/16/2014
40
CES #2
Red Oak School District
9/16/2014
41
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity
CES #2
Red Oak School District
9/16/2014
42
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity
Select a Recorder and Facilitator
Recorder Responsibilities — • Complete the information on the group’s worksheet
Facilitator Responsibilities — • Facilitate Discussion • Keep Group Focused/On Task • Report Group’s Information
Community Engagement
www.redoakschooldistrict.com
Small Group Worksheet
• Information on worksheet should reflect consensus/general agreement of group members
• Monitor progress to complete the worksheet in allotted time
• Only group recorder’s worksheet will be collected
CES #2
Red Oak School District
9/16/2014
43
Community Engagement
www.redoakschooldistrict.com
Work Activity #1
Choose your top 3 scenarios and place a check mark next to the scenario names
Scenario Selection
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity Reporting
CES #2
Red Oak School District
9/16/2014
44
Community Engagement
www.redoakschooldistrict.com
Thank You! Don’t Miss Session #3
Thursday, May 15 • 6:30 – 8:30 P.M.
Red Oak High School Gymnasium
CES #3
Red Oak School District
9/16/2014
1
Community Engagement
www.redoakschooldistrict.com
Welcome
• Please introduce yourself to others at your table • Put on a name tag • Complete the information on the sign-in sheet
Community Engagement
www.redoakschooldistrict.com
Welcome
CES #3
Red Oak School District
9/16/2014
2
Community Engagement
www.redoakschooldistrict.com
Why are we here?
•Background
•Call to Action
Community Engagement
www.redoakschooldistrict.com
Purpose
• Solicit stakeholder hopes, ideas, suggestions
• Engage in meaningful dialogue and discussion
CES #3
Red Oak School District
9/16/2014
3
Community Engagement
www.redoakschooldistrict.com
The Process
• Facilitating Team (FT)
• Community Engagement Sessions (CES)
Community Engagement
www.redoakschooldistrict.com
Facilitating Team
• Members ‐ Community Chairs ‐ Community Members ‐ Staff Representatives ‐ District Leadership ‐ Board Liaisons
• Role ‐ Process ‐ Strategy ‐ Communications ‐ Agendas ‐ Materials ‐ Final Report of Findings
CES #3
Red Oak School District
9/16/2014
4
Community Engagement
www.redoakschooldistrict.com
Sessions
• Participants—any Red Oak Community Schools resident
• Workshops designed/governed by FT • Topics relevant to Red Oak Community
Schools’ long-range facility plan • Dialogue/discussions in small group setting
Community Engagement
www.redoakschooldistrict.com
CES Calendar/Syllabus Session Date/Time Location Topic
CES 1 Thursday, April 3, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Overview of Facility
Improvement Process
CES 2 Thursday, April 24, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Conditions Assessments &
District Reconfiguration Scenarios
CES 3 Thursday, May 15, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
QLEO Results &
Narrowing Solutions
CES 4 Thursday, June 5, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 5 Thursday, June 19, 2014 Time: 6:30 p.m. – 8:30 p.m. .
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES 6 Tuesday, July 1, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Topic
CES #3
Red Oak School District
9/16/2014
5
Community Engagement
www.redoakschooldistrict.com
Typical Session Agenda
• Welcome & Review of Previous Session • Data/Informational Presentation • Instructions for Small Group Work Activity • Small Group Work (Dialogue/Decisions) • Small Group Reporting to Large Group • Closing/Preview of Next Session
Community Engagement
www.redoakschooldistrict.com
Data / Informational Presentation
Group Work Activity
VERBATIM RESPONSES
Executive Summary
Consensus Points
CONSENSUS POINTS USED IN FORMATION OF RECOMMENDATIONS
Session Documentation
CES #3
Red Oak School District
9/16/2014
6
Community Engagement
www.redoakschooldistrict.com
Website/Social Media
Website: www.redoakschooldistrict.com
Community Engagement
www.redoakschooldistrict.com
Questions/Comments
• Fill out “I Have a Question” form • Call: 712.623.6600
• Email: Terry Schmidt, Supt. schmidtt@roschools.com
TigerVision@redoakschooldistrict.com
• Ask questions during
Small Group time
CES #3
Red Oak School District
9/16/2014
7
Community Engagement
www.redoakschooldistrict.com
Sign-In Sheet
Please sign in as a record of your participation in this session. Name Mailing Address Phone Number Email Check All That Apply How did you hear about tonight's
meeting? Check All That Apply 1.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
2.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
3.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
4.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
5.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
6.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
7.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
8.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
RED OAK COMMUNITY SCHOOLS COMMUNITY ENGAGEMENT PROGRAM
Community Engagement Session #___ Table #
Sign in Sheet
Community Engagement
www.redoakschooldistrict.com
Setting the Stage
Randy West, Principal BLDD Architects “QLEO Results &
Narrowing Solutions”
CES #3
Red Oak School District
9/16/2014
8
CES #3
Red Oak School District
9/16/2014
9
CES #3
Red Oak School District
9/16/2014
10
CES #3
Red Oak School District
9/16/2014
11
CES #3
Red Oak School District
9/16/2014
12
• Learning is no longer optional
• Meet the needs of every child
• Engage students in learning
• Anywhere/anytime learning
• Support the 4C’s:
collaboration - communication creativity - critical thinking
21ST CENTURY Learning Environments
CURRICULUM MAPPING
CES #3
Red Oak School District
9/16/2014
13
21st Century Layout
CES #3
Red Oak School District
9/16/2014
14
CES #3
Red Oak School District
9/16/2014
15
Master plan modeling and analysis
COST/BENEFIT comparison
Life Cycle Costs
(including first costs, energy costs, O&M costs,
and renewal costs)
Educational Adequacy
CES #3
Red Oak School District
9/16/2014
16
Building A Building B Building C
Building A Building B Building C
OPTIONS
Remodel Addition Repurpose Retire
SCENARIO
70
72
74
76
78
80
82
Scenario 1 Scenario 2 Scenario 3
Educational Adequacy
$90$92$94$96$98
$100$102$104$106
Scenario 1 Scenario 2 Scenario 3
Mill
ions
Life Cycle Cost
CES #3
Red Oak School District
9/16/2014
17
650
651
652
653
654
655
656
Scenario 1 Scenario 2 Scenario 3
Cost Benefit Ratio
CES #3
Red Oak School District
9/16/2014
18
Cost Benefit Ratio Comparison
CBR
Scenario Name Construction
Costs Operating
Costs Life Cycle
Costs Square Footage
Educational Adequacy CBR
A- Conditions Assessment $16,439,000 $65,250,650 $81,689,650 280,150 60.1 61.8 E - New 4-8, Pre-K Add @ Inman, HS Ed Ad $50,910,346 $64,644,380 $115,554,725 289,650 88.3 66.4 G - New HS, MS/Wash move, Retire Web $51,344,261 $63,177,180 $114,521,442 278,950 88.0 64.3 H - New Intermediate, HS add to Tech, MS to HS $44,554,938 $65,746,596 $107,301,534 279,650 89.7 70.1 J – HS/MS campus, Inman campus $44,254,938 $62,949,413 $107,204,351 279,650 89.7 70.2
56
58
60
62
64
66
68
70
72
A G E H J
CBR
CES #3
Red Oak School District
9/16/2014
19
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity
Select a Recorder and Facilitator
Recorder Responsibilities — • Complete the information on the group’s worksheet
Facilitator Responsibilities — • Facilitate Discussion • Keep Group Focused/On Task • Report Group’s Information
CES #3
Red Oak School District
9/16/2014
20
Community Engagement
www.redoakschooldistrict.com
Small Group Worksheet
• Information on worksheet should reflect consensus/general agreement of group members
• Monitor progress to complete the worksheet in allotted time
• Only group recorder’s worksheet will be collected
Community Engagement
www.redoakschooldistrict.com
Work Activity #1
Choose your top scenario and place a check mark next to the scenario name
Scenario Selection
CES #3
Red Oak School District
9/16/2014
21
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity Reporting
Community Engagement
www.redoakschooldistrict.com
THANK YOU! Don’t Miss Session #4
Thursday, June 5• 6:30 – 8:30 P.M. Red Oak High School Gymnasium
CES #
4
Red Oak School District
9/16/2014
1
Community Engagement
www.redoakschooldistrict.com
Welcome
• Please introduce yourself to others at your table • Put on a name tag • Complete the information on the sign-in sheet
Community Engagement
www.redoakschooldistrict.com
Welcome
CES #
4
Red Oak School District
9/16/2014
2
Community Engagement
www.redoakschooldistrict.com
Why are we here?
•Background
•Call to Action
Community Engagement
www.redoakschooldistrict.com
Purpose
• Solicit stakeholder hopes, ideas, suggestions
• Engage in meaningful dialogue and discussion
CES #
4
Red Oak School District
9/16/2014
3
Community Engagement
www.redoakschooldistrict.com
The Process
• Facilitating Team (FT)
• Community Engagement Sessions (CES)
Community Engagement
www.redoakschooldistrict.com
Facilitating Team
• Members ‐ Community Chairs ‐ Community Members ‐ Staff Representatives ‐ District Leadership ‐ Board Liaisons
• Role ‐ Process ‐ Strategy ‐ Communications ‐ Agendas ‐ Materials ‐ Final Report of Findings
CES #
4
Red Oak School District
9/16/2014
4
Community Engagement
www.redoakschooldistrict.com
Sessions
• Participants—any Red Oak Community Schools resident
• Workshops designed/governed by FT • Topics relevant to Red Oak Community
Schools’ long-range facility plan • Dialogue/discussions in small group setting
Community Engagement
www.redoakschooldistrict.com
CES Calendar/Syllabus
Session Date/Time Location Topic
CES 1 Thursday, April 3, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Overview of Facility
Improvement Process
CES 2 Thursday, April 24, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Conditions Assessments &
District Reconfiguration Scenarios
CES 3 Thursday, May 15, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
QLEO Results &
Narrowing Solutions
CES 4 Thursday, June 26, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Secure Your
Educational Future
CES 5 To Be Determined
CES #
4
Red Oak School District
9/16/2014
5
Community Engagement
www.redoakschooldistrict.com
Typical Session Agenda
• Welcome & Review of Previous Session • Data/Informational Presentation • Instructions for Small Group Work Activity • Small Group Work (Dialogue/Decisions) • Small Group Reporting to Large Group • Closing/Preview of Next Session
Community Engagement
www.redoakschooldistrict.com
Data / Informational Presentation
Group Work Activity
VERBATIM RESPONSES
Executive Summary
Consensus Points
CONSENSUS POINTS USED IN FORMATION OF RECOMMENDATIONS
Session Documentation
CES #
4
Red Oak School District
9/16/2014
6
Community Engagement
www.redoakschooldistrict.com
Website/Social Media
Website: www.redoakschooldistrict.com
Community Engagement
www.redoakschooldistrict.com
Questions/Comments
• Fill out “I Have a Question” form • Call: 712.623.6600
• Email: Terry Schmidt, Supt. schmidtt@roschools.com
TigerVision@redoakschooldistrict.com
• Ask questions during
Small Group time
CES #
4
Red Oak School District
9/16/2014
7
Community Engagement
www.redoakschooldistrict.com
Sign-In Sheet
Please sign in as a record of your participation in this session. Name Mailing Address Phone Number Email Check All That Apply How did you hear about tonight's
meeting? Check All That Apply 1.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
2.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
3.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
4.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
5.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
6.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
7.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
8.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
RED OAK COMMUNITY SCHOOLS COMMUNITY ENGAGEMENT PROGRAM
Community Engagement Session #___ Table #
Sign in Sheet
Community Engagement
www.redoakschooldistrict.com
Setting the Stage
Randy West, Principal BLDD Architects
“Secure Your Educational Future”
CES #
4
Red Oak School District
9/16/2014
8
You make smarter decisions that give you more value for
every single dollar spent!
How do you secure your community’s
EDUCATIONAL FUTURE?
CES #
4
Red Oak School District
9/16/2014
9
front entry
21ST CENTURY Learning Environments
interior entry
CES #
4
Red Oak School District
9/16/2014
10
student commons
information commons
CES #
4
Red Oak School District
9/16/2014
11
21st century learning environments
auditorium
CES #
4
Red Oak School District
9/16/2014
12
CES #3 Work Activity Results Individual Results
CES #3 Work Activity Results Group Results
CES #
4
Red Oak School District
9/16/2014
13
Scenario J
Scenario J: Inman Elementary
CES #
4
Red Oak School District
9/16/2014
14
Scenario J: Red Oak Intermediate
Scenario J: Red Oak Middle & High School
CES #
4
Red Oak School District
9/16/2014
15
Scenario J: Red Oak Bus Facility
better / more suitable environment to prepare
students for
CES #
4
Red Oak School District
9/16/2014
16
-
10
20
30
40
50
60
70
80
90
100
Scenario A Scenario J
Educational Adequacy
Lower energy costs
Lower O & M costs
Lower building renewal costs
+
+
= LOWER OPERATING COSTS
Costs
CES #
4
Red Oak School District
9/16/2014
17
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
Renewal Costs O&M/Energy Non-Instructional Staffing andTransportation
Operating Costs
Scenario A Scenario J
Cost Comparison
• Librarian aids
• Janitor / custodial
• Building / grounds
• Reception / secretary
• Counselors
Non-Instructional Staff Changes
CES #
4
Red Oak School District
9/16/2014
18
• Lawn service
• Snow removal
• Trash removal
• Janitorial services
Operating & Maintenance (O & M)
increased building flexibility & efficiency allows:
increased net usable
educational space within a lower total footprint (sf)
CES #
4
Red Oak School District
9/16/2014
19
PHASE 1 COST
High School Addition Grades 9-12
$12,500,000
Renovate Existing High School Grades 6-8
$ 4,000,000
Renovate & Addition to Inman Grades PreK-2
$ 3,500,000
Renovate & Additions to Washington Grades 3-5
$ 1,500,000
TOTAL COST $21,500,000
Phase 1
CES #
4
Red Oak School District
9/16/2014
20
PHASE 1 COST
Build New Intermediate at Inman Site
$10,500,000
Infrastructure Improvements $10,000,000
TOTAL COST $20,000,000
Phase 2
Small Group Work Activity
CES #
4
Red Oak School District
9/16/2014
21
Select a Recorder and Facilitator
Recorder Responsibilities — • Complete the information on the group’s worksheet
Facilitator Responsibilities — • Facilitate Discussion • Keep Group Focused/On Task • Report Group’s Information
Small Group Work Activity
• Information on worksheet should reflect consensus/general agreement of group members
• Monitor progress to complete the worksheet in allotted time
• Only group recorder’s worksheet will be collected
Small Group Worksheet
CES #
4
Red Oak School District
9/16/2014
22
Community Engagement
www.redoakschooldistrict.com
Work Activity:
Work Activity: School Finance
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity Reporting
CES #
4
Red Oak School District
9/16/2014
23
Community Engagement
www.redoakschooldistrict.com
Don’t Miss Session #5
To Be Announced
CES #
4
Red Oak School District
Red Oak Community School District
Discussion of Infrastructure Financing Options
As of Summer 2014
Matthew R. GillaspieSenior Vice President
matthew.r.gillaspie@pjc.com
Piper Jaffray & Co.3900 Ingersoll Avenue, Suite 110
Des Moines IA 50312
Direct Phone: 515-247-2353Toll Free: 800-333-6008Cellular: 515-979-7447
matthew.r.gillaspie@pjc.com
CES #
4
Red Oak School District
Q&A Regarding School District BondingRed Oak Community School District, IowaPrepared by: Piper Jaffray & Co.
*This is not an exhaustive list of all questions a patron might have.
Because a Piper Jaffray representative is here at our community meeting, does that mean that Piper Jaffrayis recommending that our district construct new buildings, or borrow money for the needs being presented?
NO. Neither Piper Jaffray nor its employees have an opinion about your projects. We do not livein your community, pay taxes in your community, have students in your community, own propertyin your community. The choice to build, renovate, improve, demolish, or whatever…is soley a localdecision made by school board members and local patrons. Piper Jaffray is only participating to help provide factual information related to bonding and any tax implications that may have.
From what sources can a school build new or renovate existing infrastructure?CASH DONATIONS or GRANTSVoted G.O. BondsPPEL Notes (Voted PPEL)Sales Tax Bonds
Can a school use bond money to give teachers or staff a raise or pay employment-related expenses?
ABSOLUTELY NOT. These are two separate pots of money. Debt Servicd Fund, PPEL and Sales Tax monies are ONLY to be used for infrastructure improvement.
Is it possible that a school can be laying off staff or cutting routine expenditures while also building brand new buildings?
ABSOLUTELY. This is very common. Many Iowa schools can't afford to build any newbuildings, but can afford to fund regular school costs easily. Other schools need to cut ongoingexpenditures while still being able to fund new infrastructure projects. The funding sources forthese two things is completely separate.
What Dates Can Be Used for a G.O. Bond Vote or PPEL Levy Renewal?Even Years….
1st Tuesday of February1st Tuesday of April2nd Tuesday of September1st Tuesday of December
Odd Years….1st Tuesday of February 1st Tuesday of AprileLast Tuesday of June2nd Tuesday of September
Does the PRIOR bonded debt of the District impact our ability to fund a project now?
YES. The remaining prior debt hinders your ability to fund a larger project now in two way:1. Remaining prinicpal outstanding counts toward the DEBT LIMIT2. Remaining P&I payment amounts must be calculated into the maximum debt service levy rate of $4.05 along with any new bond payments
Even if the entire community were supportive of any project the district put forth, and was willing to payany tax levy associated with it…are we still limited to the size of our project?
YES. The total amount of borrowing is limited overall by the Debt Limit which is a statutorylimit dictated by Iowa Code. Within that Debt Limt you are also limited to total borrowing sizes that do not exceed:
1. $4.05 debt service levy on G.O. Bonds2. $1.34 PPEL levy for Capital Loan Notes3. 1.20x Debt Service Coverage for Sales Tax Bonds (sales tax bonds may be further limited by other ongoing regular needs)
CES #
4
Red Oak School District
Are there Iowa school districts that are close to or at their statutory Debt Limit?YES.
Are there Iowa school districts that have no debt at all?YES.
Patrons should determine what their local students and community need, and then determine how they can fund that need. You should not simply compare your tax levy rates to neighboringdistricts to determine if a project is feasible. A neighboring district may have a very low tax rate, but they may also have not improved their buildings in 50+ years, or they may be using all of theirsales tax revenues to keep their tax rates low….but, don't have those sales tax funds then to provide for ongoing needs. You must understand the entire big picture of each district; somethingthat most patrons of your district will never truly understand when comparing one to another. Be cautious when you compare. You rarely can truly be comparing Apples-to-Apples.
The concept of MILLIONS of dollars is difficult to grasp. There is much gossip that circulates regarding tax levies and bond voting. Is there a simple way that Ican calculate what the tax impact to MY PERSONAL POCKETBOOK will be?
YES. See the "Tax Impact Worksheet" that will accompany any eventual bond proposal.The math is simple. The tax impact is typically up to 1/2 what a residential homeowner might expect, and up to 1/10 what an agricultural land owner mightexpect….due to ROLLBACK and ASSESSED vs. MARKET values of property.
Be informed. Be educated. Do not listen to gossip. If someone is saying something that seems OUTRAGEOUS, it probably is.
What can impact the FUTURE tax levies and/or the districts ability to make future bond payments?
Voted G.O. Bonds:Tax Levy RATE may go up if taxable valuation of property declines.Tax Levy RATE may go down if taxable valuation of property increases.
PPEL Notes:The levy is fixed at not more than $1.34 regardless of borrowing or not borrowing.However, if a school borrows the "maximum" amount up to a $1.34 levy and THENproperty valuations decline the levy RATE may increase slightly.
Sales Tax Bonds:Local resident student enrollment increases will bring the District more revenue, and
visa versa.Statewide retail sales increases may bring the District more revenue, and visa versa.Statewide enrollment increases may bring the District less revenue, and visa versa.*Various combinations of these moving parts may result in higher or lower total revenue
in any given year.
I don't have children in this District either because I'm not married and have no children, don't want to havechildren, or have already raised my children to adulthood. Why should I be concerned with the future of this District, and why should I pay to foot the bill of the improvements (if the community agrees that suchimpovements are desired)?
Simple: Because in Iowa every property owner or consumer paying sales tax pays for theconstruction of our schools. When you were 5-18 years old….someone else was paying for your school; your parents…but, also your neighbors, relatives and othercommunity members regardless of whether they had school-aged children attending.
CES #
4
Red Oak School District
Red O
ak Com
munity S
chool District, Iow
a
DEB
T LIMIT C
ALCU
LATION
AS OF SU
MM
ER 2014
1/1/2013 100% P
roperty Valuation:
613,715,833C
urrent "Maxim
um" P
rojected Borrow
ing Capacities, R
egardless of Need or D
esire:5%
Statutory D
ebt Limit
5.00%V
oted G.O
. Bonds
16,055,000Lim
it30,685,792
PP
EL N
otes, if Levy Extended:
5,655,000M
inus G.O
. Bonds O
utstanding (after FY14 payment):
-4,075,000S
ILO B
onds, if Abatem
ent Stops:
10,675,000M
inus PP
EL N
otes Outstanding (after FY14 paym
ent):-78,787
32,385,000*
Minus S
ales Tax Revenue B
onds Outstanding:
0M
inus Other Long-term
Debt O
utstanding:0
Rem
aining Within Lim
it:26,532,005
* This figure is before removing bonding expenses, and is P
RIN
CIP
AL
ON
LY…not counting interest expense of the borrow
ing(s).
Percentage of Debt Lim
it Encumbered:
13.54%The D
EBT LIM
IT is the overriding limt, regardless of "capacity" w
ithinPercentage of D
ebt Limit Available:
86.46%levy lim
itations and/or enrollment lim
itations. Thus, the District w
ill notborrow
in excess of this amount (or, w
hatever the debt limit calculation
is at the time of any actual future borrow
ing.)
The Available Debt Lim
it figure changes annually as 100% property
valuation changes, combined w
ith the ongoing repayment of prior
outstanding principal amounts.
CES #
4
Red Oak School District
6/25/2014R
edOakC
SD-M
axScenarios 6-25-2014.xls - SUM
MA
RY
SUM
MA
RY O
F FUN
DIN
G O
PTION
SR
ed Oak C
omm
unity School D
istrict, Iowa
Prepared by P
iper Jaffray & C
o.
BO
RR
OW
ING
ON
LYB
OR
RO
WIN
G + C
AS
H C
ON
TRIB
UTIO
N
Funding Method
Funding Assum
edV
oting Requirem
entP
roperty Tax Impact
Continued A
batement of P
RIO
R
G.O
. Bonds A
ssumed
Voted P
PE
L E
xtension Assum
ed
Estimated N
ET Proceeds for Project
Costs
Accum
ulated Cash
Contributed*
Estimated N
ET Proceeds for Project
Costs
General O
bligation Bonds
Spring 2015
60% A
pproval for Bond &
50% A
pproval to Extend P
PE
LIncrease approx $1.90***
YesYes
$15,660,000$3,450,000
$19,110,000G
eneral Obligation B
ondsS
pring 201560%
Approval for B
ond & 50%
Approval to E
xtend PP
EL
Increase approx $1.90***N
oYes
$15,660,000$4,960,000
$20,620,000G
eneral Obligation B
ondsS
pring 201560%
Approval for B
ondIncrease approx $1.90***
No
No
$15,660,000$3,320,000
$18,980,000G
eneral Obligation B
ondsS
pring 201560%
Approval for B
ondIncrease approx $1.90***
YesN
o$15,660,000
$2,980,000$18,640,000
PP
EL N
otesS
pring 2015N
oneN
oneYes
No
$1,940,000$2,440,000
$4,380,000P
PE
L Notes
Spring 2015
None
None
No
No
$1,940,000$4,125,000
$6,065,000P
PE
L Notes **
Spring 2015
50% A
pproval to Extend P
PE
LN
o Increase, But E
xtendedYes
Yes$5,505,000
$2,195,000$7,700,000
PP
EL N
otes **S
pring 201550%
Approval to E
xtend PP
EL
No Increase, B
ut Extended
No
Yes$5,505,000
$4,015,000$9,520,000
SILO
Bonds
Spring 2015
None
None
YesN
o$7,965,000
$0$7,965,000
SILO
Bonds
Spring 2015
None
None
No
No
$9,490,000$2,005,000
$11,495,000S
ILO B
ondsS
pring 201550%
Approval to E
xtend PP
EL
No Increase, B
ut Extended
YesYes
$7,965,000$610,000
$8,575,000S
ILO B
ondsS
pring 201550%
Approval to E
xtend PP
EL
No Increase, B
ut Extended
No
Yes$9,490,000
$2,540,000$12,030,000
* The "accumulated cash contributed" am
ount is simply the projected m
aximum
cash accumulated betw
een now &
construction end that would not be used for other ongoing needs such as transportation, technology, m
aintenance. This am
ount would take the com
bined PP
EL/S
ILO cash balance to near-zero at som
e point, but not below zero based upon assum
ptions being made. Thus, the dedication of this am
ount of cash may not be desirable by the board
if they would prefer to leave som
e "cushion" for other needs or emergencies in the com
ing few years. D
edicating some lesser am
ount might be m
ore comfortable depending on assum
ptions board wishes to m
ake.
** In the PP
EL N
ote scenarios where the extension is assum
ed IT IS A
LSO
AS
SU
ME
D that the language for the E
XISTIN
G P
PE
L authority is revised to remove the Incom
e Surtax com
ponent requirement.
*** The $1.90 projected tax increase represents that AD
DE
D tax levy above &
beyond the District's existing G
.O. B
ond payment…
.which currentnly is beign abated 100%
with sales tax. The N
EW
bond is not projected to be abated, and thus would represent a tax
increase in whatever am
ount the bond requires.
In all scenarios, the ongoing annual expenditure of the following am
ounts from P
PE
L + SILO
are assumed:
- new bus purchase every other year
- $175,000 + inflation annually on technology- $250,000 + inflation annually on m
aintenance and other needs
TOTAL Project Funding w
ould come from
a COM
BINATIO
N of 1, 2 or 3 of the below
sources: G.O. Bonds, PPEL N
otes and SILO Bonds. They are below
independent of each other with
the exception of the accumulated cash figure. AS AN
EXAMPLE: The 1st G.O
. Bond scenario might generate $14.3 m
illion, but if a SILO borrow
ing is also completed it w
ill itself obligate SILO
funds that are not then available as "accumulated cash" to the degree the G.O
. Bond section suggests. Therefore, a $14.3 + $8.15 million project m
ight be pursued....a total funding of $22.4 m
illion....SO LO
NG AS N
OT CO
MBIN
ATION
OF BO
RROW
ING (PRIN
CIPAL AMO
UN
TS) MAY N
OT EXCEED THE STATU
TORY DEBT LIM
IT AT ANY GIVEN
TIME. Also, it is
important to note that the $1.90 tax increase referenced assum
es the Board uses sales tax funds to abate a significant portion of the G.O. Bond levy into the future. If a borrow
ing is im
plemented against the future collection of the SILO
, such an abatement m
ay not be possible to the same degree depending on various factors that are currently unkow
n to any of us; enrollm
ent changes, statewide sales tax revenue changes, ongoing expenditure levels for other needs, etc.
CES #
4
Red Oak School District
SUMMARY TAX IMPACT Red Oak Community School District, Iowa
The "NEW" bond is projected to consume the District's Debt Service Fund capacity within a $4.05 levy limit.However, the District has recently been abating the "OLD" bond payment 100% with the use of sales tax.Therefore, the $1.90 projected tax increase represents only that portion within the overall $4.05 total limitthat may be levied as property taxes. This will, of course, be dependent annually on the decision of theschool board to determine how much, if any, sales tax to use to reduce the property tax burden.
1/1/2013 Assessed
Value*1/1/2013 Rollback
Taxable Value
Less Homestead
Credit**Net Taxable
Value
Est. Tax Rate Change per $1,000
Change in Annual Tax Payment
Change in Tax Payment
per MonthResidential Property
$25,000 x 54.4002% = $13,600 - $4,850.00 = $8,750 x $1.90000 = $16.63 $1.39$35,000 x 54.4002% = $19,040 - $4,850.00 = $14,190 x 1.90000 = $26.96 $2.25$40,000 x 54.4002% = $21,760 - $4,850.00 = $16,910 x 1.90000 = $32.13 $2.68$60,000 x 54.4002% = $32,640 - $4,850.00 = $27,790 x 1.90000 = $52.80 $4.40$75,000 x 54.4002% = $40,800 - $4,850.00 = $35,950 x 1.90000 = $68.31 $5.69$90,000 x 54.4002% = $48,960 - $4,850.00 = $44,110 x 1.90000 = $83.81 $6.98
$100,000 x 54.4002% = $54,400 - $4,850.00 = $49,550 x 1.90000 = $94.15 $7.85$125,000 x 54.4002% = $68,000 - $4,850.00 = $63,150 x 1.90000 = $119.99 $10.00$150,000 x 54.4002% = $81,600 - $4,850.00 = $76,750 x 1.90000 = $145.83 $12.15$200,000 x 54.4002% = $108,800 - $4,850.00 = $103,950 x 1.90000 = $197.51 $16.46
Commercial Property$25,000 x 95.0000% = $23,750 - 0 = $23,750 x 1.90000 = $45.13 $3.76$30,000 x 95.0000% = $28,500 - 0 = $28,500 x 1.90000 = $54.15 $4.51$40,000 x 95.0000% = $38,000 - 0 = $38,000 x 1.90000 = $72.20 $6.02$50,000 x 95.0000% = $47,500 - 0 = $47,500 x 1.90000 = $90.25 $7.52$60,000 x 95.0000% = $57,000 - 0 = $57,000 x 1.90000 = $108.30 $9.03$75,000 x 95.0000% = $71,250 - 0 = $71,250 x 1.90000 = $135.38 $11.28
$100,000 x 95.0000% = $95,000 - 0 = $95,000 x 1.90000 = $180.50 $15.04$150,000 x 95.0000% = $142,500 - 0 = $142,500 x 1.90000 = $270.75 $22.56
Agricultural Property (land only on a per acre basis)*$1,200 x 43.3994% = $521 - 0 = $521 x 1.90000 = $0.99 $0.08$1,500 x 43.3994% = $651 - 0 = $651 x 1.90000 = $1.24 $0.10$1,800 x 43.3994% = $781 - 0 = $781 x 1.90000 = $1.48 $0.12$2,200 x 43.3994% = $955 - 0 = $955 x 1.90000 = $1.81 $0.15$2,500 x 43.3994% = $1,085 - 0 = $1,085 x 1.90000 = $2.06 $0.17$2,700 x 43.3994% = $1,172 - 0 = $1,172 x 1.90000 = $2.23 $0.19$2,900 x 43.3994% = $1,259 - 0 = $1,259 x 1.90000 = $2.39 $0.20$3,000 x 43.3994% = $1,302 - 0 = $1,302 x 1.90000 = $2.47 $0.21
*Assessed Value IS NOT "Market Value"…Assessed Value is determined by County Assessor while Market Value is determined by the open real estate marketplace**Homestead Credit may vary from County to County
AG LAND EXAMPLE:
Incorrect way to do it……
I'm a farmer and I know I can sell my land for $8,000 per acre. Thus, since we are talking about 1,000's of dollars in value I woulddivide that by 1,000 to get 8, and then multiply the 8 x tax increase = 8 x $1.90 = $15.20 per acre increase = my 500 acres x $15.20 = a total tax increase to me of $7,600 per year.
Correct way to do it……
I'm a farmer and I looked at my recent tax bill to find the ASSESSED VALUE OF MY LAND is $1,800/acre. Thus, according to thechart above I would take $1.48 x my 500 acres = $740 tax increase per year.
WHILE $740 IS STILL A TAX INCREASE…IT IS NOWHERE AS SIGNIFICANT AS THE INCORRECT CALCULATION OF $7,600/YEAR.
CES #
4
Red Oak School District
RedO
akCSD
-MaxScenarios 6-25-2014.xls SA
VE Info
6/25/2014 11:24 AM
Piper Jaffray Co.
District patrons have previously approved the extension of the R
evenue Purpose S
tatement to m
atch the statewide expiration date at election held S
eptember 2009
STATEWID
E TAX REPEALS PR
IOR
TAXES AS OF JU
LY 1, 2008 & Ends 12/31/2029
10/01/1310/01/12
10/01/1110/01/10
10/01/0910/01/08
10/01/0710/01/06
9/1/059/1/04
9/1/039/1/02
9/1/01S
chool District
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
ent
Red O
ak: MO
NTG
OM
ER
Y1,206.8
1,206.81,206.8
1,211.61,249.8
1,285.71,321.1
1,326.21,326.1
1,369.51,332.8
1,332.31,349.1
Red O
ak: PA
GE
0.00.0
4.04.0
6.03.0
3.02.0
2.01.0
1.01.0
1.0R
ed Oak: P
OTTA
WA
TTAM
IE0.0
0.02.0
1.00.0
0.03.0
0.00.0
1.12.1
3.03.0
Total1,206.8
1,206.81,212.8
1,216.61,255.8
1,288.71,327.1
1,328.21,328.1
1,371.61,335.9
1,336.31,353.1
Assum
ing 2% G
rowth In Taxable R
etail Sales and
Taxable Retail Sales H
istory - State of Iowa
Prior Enrollment Trend:
Historial Trends in S
tatewide E
nrollment
Year
Enrollm
entG
ainLO
CA
L RE
VE
NU
ETO
TAL
Year Ending
TaxableA
nnual %2001
1,353P
ossibleJune 30th**
Sales
Grow
th2002
1,336-17
Est'd
Annual
Possible
2013*34,800,587,109
0.760%2003
1,3360
Assumed Future Enrollm
ent:R
evenueLocal
TOTA
L2012
34,537,967,2634.966%
20041,372
36E
nrollment
Year
Fiscal Year
Enrollm
entP
er Student
Revenue
Revenues
201132,904,016,683
3.007%2005
1,328-44
Projection
20072008-09
1,327$534
709,125709,125
201031,943,592,540
-4.816%2006
1,3280
Per
20082009-10
1,289$627
808,643808,643
200933,559,887,619
1.423%2007
1,327-1
District
20092010-11
1,256$705
885,828885,828
200833,089,024,825
4.561%2008
1,289-38
Estim
ates2010
2011-121,217
$745906,462
906,4622007
31,645,718,7671.727%
20091,256
-332011
2012-131,213
$823997,627
997,6272006
31,108,387,6574.372%
20101,217
-392012
2013-141,207
$8701,050,016
1,050,0162005
29,805,300,5842.426%
20111,213
-4-35
20132014-15
1,172$887
1,039,9541,039,954
200429,099,277,162
1.374%2012
1,207-6
12014
2015-161,173
$9051,061,659
1,061,6592003
28,704,897,7830.908%
20131,207
014
20152016-17
1,187$923
1,095,8191,095,819
200228,446,628,916
-0.179%A
ctual Recent H
istoric Grow
th:-12
152016
2017-181,202
$9421,131,862
1,131,8622001
28,497,729,2753.305%
Grow
th Rate U
sed in This Scenario:
02017
2018-191,202
$9611,154,499
1,154,4992000
27,586,079,4823.046%
02018
2019-201,202
$9801,177,589
1,177,5891999
26,770,708,3165.676%
02019
2020-211,202
$9991,201,141
1,201,1411998
25,332,748,8043.277%
02020
2021-221,202
$1,0191,225,164
1,225,1641997
24,528,959,5044.228%
Dept of R
evenue Published E
stimate:
02021
2022-231,202
$1,0401,249,667
1,249,6671996
23,534,006,7094.776%
FY2014
02022
2023-241,202
$1,0611,274,661
1,274,6611995
22,461,226,8554.825%
Montgom
eryP
ageP
ottawattam
ie0
20232024-25
1,202$1,082
1,300,1541,300,154
199421,427,415,422
4.985%Jul
$62,543$0
$00
20242025-26
1,202$1,103
1,326,1571,326,157
199320,410,006,777
4.647%A
ug$62,543
$0$0
02025
2026-271,202
$1,1261,352,680
1,352,6801992
19,503,730,9024.275%
Sep
$62,543$0
$00
20262027-28
1,202$1,148
1,379,7341,379,734
199118,704,127,896
4.183%O
ct$64,707
$0$0
02027
2028-291,202
$1,1711,407,328
1,407,3281990
17,953,167,7205.229%
Nov
$64,707$0
$023,735,771
23,735,7711989
17,061,104,5765.398%
Dec
$64,707$0
$01988
16,187,378,7303.840%
Jan$56,810
$0$0
Assum
ing No G
rowth in Taxable R
etail Sales &
No C
hange in 1987
15,588,803,568Feb
$56,810$0
$0E
nrollment Figures From
October 2013 C
ountM
ar$56,810
$0$0
LOC
AL R
EV
EN
UE
TOTA
LP
revious 5 year Average:
1.068%A
pr$61,226
$0$0
Possible
Previous 10 year A
verage:1.980%
May
$61,226$0
$0E
st'd A
nnual P
ossibleP
revious 15 year Average:
2.170%Jun
$61,226$0
$0Assum
ed Future Enrollment:
Revenue
LocalTO
TAL
Previous 20 year A
verage:2.732%
95% D
istribution$735,860
$0$0
Year
Fiscal Year
Enrollm
entP
er Student
Revenue
Revenues
Previous 25 year A
verage:3.135%
100% Interpolation
$774,589$0
$02007
2008-091,327
$534709,125
709,125**P
rior to 2009 the fiscal year was through M
arch 31st E
st'd Supplem
ental$275,427
$0$0
20082009-10
1,289$627
808,643808,643
*Unaudited
Est'd TO
TAL
$1,050,016$0
$02009
2010-111,256
$705885,828
885,828E
st'd Avg per S
tudent$870.08
20102011-12
1,217$745
906,462906,462
20112012-13
1,213$823
997,627997,627
Actual H
istoric Sales Tax R
evenues, Accrual B
asis:2012
2013-141,207
$8701,050,016
1,050,016TO
TAL
Approxim
ate2013
2014-151,207
$8701,050,016
1,050,016Fiscal Y
earM
ontgomery
Page
Pottaw
attamie
CO
LLEC
TION
SP
er Student
20142015-16
1,207$870
1,050,0161,050,016
2005$597,087
$450$1,539
$599,076$448
20152016-17
1,207$870
1,050,0161,050,016
2006$694,232
$506$847
$695,585$507
20162017-18
1,207$870
1,050,0161,050,016
2007$711,079
$1,072$0
$712,151$536
20172018-19
1,207$870
1,050,0161,050,016
2008$782,024
$1,135$0
$783,159$590
20182019-20
1,207$870
1,050,0161,050,016
2009$705,010
$1,599$2,516
$709,125$534
20192020-21
1,207$870
1,050,0161,050,016
2010$806,746
$1,897$0
$808,643$627
20202021-22
1,207$870
1,050,0161,050,016
2011$881,596
$4,232$0
$885,828$705
20212022-23
1,207$870
1,050,0161,050,016
2012$902,528
$2,979$955
$906,462$745
20222023-24
1,207$870
1,050,0161,050,016
2013$992,600
$3,288$1,739
$997,627$823
20232024-25
1,207$870
1,050,0161,050,016
2014*$1,050,016
$0$0
$1,050,016$870
20242025-26
1,207$870
1,050,0161,050,016
*Estim
ated for FY2014
20252026-27
1,207$870
1,050,0161,050,016
20262027-28
1,207$870
1,050,0161,050,016
20272028-29
1,207$870
1,050,0161,050,016
21,107,94321,107,943
CES #
4
Red Oak School District
RedOakCSD-MaxScenarios 6-25-2014.xls - 4.05 6/25/2014 11:24 AM Piper Jaffray Co.
Debt Service Schedule General Obligation School BondsRed Oak Community School District, Iowa 1/1/2013 Taxable Valuation: 353,294,503Prepared by: Piper Jaffray & Co. Assumed Sales Tax Revenues Used to Abate G.O. Levy: $150,000
Levy if Property Levy if PortionOwners Pay of Payment is
Estimated Maximum Borrowing @ $4.05 Debt Service Levy Full Levy EXAMPLE ONLY Abated with SILO
Semi Annual Annual Prior Net Annual Estimated Assumed Net P&I EstimatedDate Principal Interest Interest P & I Outstanding P & I P & I Abatement Paid by Net P&I
Maturity Rate Payment This Issue P & I Payment Levy Using SILO Prop Taxes Levy After5/1/2015 Assumes Dated May 1, 2015 Abatement
11/1/2015 321,1005/1/2016 35,000 4.000% 321,100 677,200 752,965 1,430,165 4.04808 -150,000 1,280,165 3.62351
11/1/2016 320,4005/1/2017 40,000 4.000% 320,400 680,800 749,680 1,430,480 4.04897 -150,000 1,280,480 3.62440
11/1/2017 319,6005/1/2018 30,000 4.000% 319,600 669,200 759,145 1,428,345 4.04293 -150,000 1,278,345 3.61836
11/1/2018 319,0005/1/2019 35,000 4.000% 319,000 673,000 756,205 1,429,205 4.04536 -150,000 1,279,205 3.62079
11/1/2019 318,3005/1/2020 25,000 4.000% 318,300 661,600 765,815 1,427,415 4.04030 -150,000 1,277,415 3.61572
11/1/2020 317,8005/1/2021 795,000 4.000% 317,800 1,430,600 1,430,600 4.04931 -150,000 1,280,600 3.62474
11/1/2021 301,9005/1/2022 825,000 4.000% 301,900 1,428,800 1,428,800 4.04422 -150,000 1,278,800 3.61964
11/1/2022 285,4005/1/2023 860,000 4.000% 285,400 1,430,800 1,430,800 4.04988 -150,000 1,280,800 3.62530
11/1/2023 268,2005/1/2024 890,000 4.000% 268,200 1,426,400 1,426,400 4.03742 -150,000 1,276,400 3.61285
11/1/2024 250,4005/1/2025 930,000 4.000% 250,400 1,430,800 1,430,800 4.04988 -150,000 1,280,800 3.62530
11/1/2025 231,8005/1/2026 965,000 4.000% 231,800 1,428,600 1,428,600 4.04365 -150,000 1,278,600 3.61908
11/1/2026 212,5005/1/2027 1,005,000 4.000% 212,500 1,430,000 1,430,000 4.04761 -150,000 1,280,000 3.62304
11/1/2027 192,4005/1/2028 1,045,000 4.000% 192,400 1,429,800 1,429,800 4.04705 -150,000 1,279,800 3.62247
11/1/2028 171,5005/1/2029 1,085,000 4.000% 171,500 1,428,000 1,428,000 4.04195 -150,000 1,278,000 3.61738
11/1/2029 149,8005/1/2030 1,130,000 4.000% 149,800 1,429,600 1,429,600 4.04648 -150,000 1,279,600 3.62191
11/1/2030 127,2005/1/2031 1,175,000 4.000% 127,200 1,429,400 1,429,400 4.04592 -150,000 1,279,400 3.62134
11/1/2031 103,7005/1/2032 1,220,000 4.000% 103,700 1,427,400 1,427,400 4.04026 -150,000 1,277,400 3.61568
11/1/2032 79,3005/1/2033 1,270,000 4.000% 79,300 1,428,600 1,428,600 4.04365 -150,000 1,278,600 3.61908
11/1/2033 53,9005/1/2034 1,320,000 4.000% 53,900 1,427,800 1,427,800 4.04139 -150,000 1,277,800 3.61681
11/1/2034 27,5005/1/2035 1,375,000 4.000% 27,500 1,430,000 1,430,000 4.04761 -150,000 1,280,000 3.62304
Totals: 16,055,000 8,743,400 24,798,400 3,783,810 28,582,210 4.04510 -3,000,000 25,582,210-122,000 Minus Est'd Bonding Costs-272,935 Minus Est'd Underwriters Discount
15,660,065 Est'd Net Available for Project Costs
The district voted and approved the $4.05 qustion at 1999 election
CES #
4
Red Oak School District
RedOakCSD-MaxScenarios 6-25-2014.xls - PPEL 6/25/2014 11:24 AM Piper Jaffray Co.
Debt Service Schedule General Obligation Capital Loan NotesRed Oak Community School District, Iowa 1/1/2013 Taxable Valuation: 353,294,503Prepared by: Piper Jaffray & Co.
Taxes MUST be collected from Property Taxes (not Income Surtax) for any amount needed to repay debtRED OAK CSD's Existing Voted PPEL of $1.34 Expires FY2020 and REQUIRES at minimum 1% Income Surtax
2012 Income Surtax Paid by Red Oak CSD Taxpayers: 5,597,629Assumed 1.00% Minimum Surtax Rate Required: 1.00%
Dollars Collected from This Surtax Rate: 55,976Dollars Collected from Full Voted PPEL Rate of $1.34: 473,415
If 1% Surtax Required, Annual P&I Payment CANNOT EXCEED: 417,438
RATES ESTIMATEDESTIMATED MAXIMUM BORROWING CAPACITY for REMAINING PPEL TERM
Semi Annual Semi Annual Annual Prior Net Annual EstimatedDate Principal Interest Interest P & I P & I Outstanding P & I P & I
Maturity Rate Payment Payment This Issue P & I Payment Levy5/1/2010 Assumes Dated April 1, 2015
11/1/20105/1/2011
11/1/20115/1/2012
11/1/20125/1/2013
11/1/20135/1/2014
11/1/20145/1/2015
11/1/2015 11,261 11,2615/1/2016 395,000 0.800% 11,261 406,261 417,523 417,523 1.18180
11/1/2016 9,681 9,6815/1/2017 395,000 0.950% 9,681 404,681 414,363 414,363 1.17285
11/1/2017 7,805 7,8055/1/2018 400,000 1.100% 7,805 407,805 415,610 415,610 1.17638
11/1/2018 5,605 5,6055/1/2019 405,000 1.300% 5,605 410,605 416,210 416,210 1.17808
11/1/2019 2,973 2,9735/1/2020 410,000 1.450% 2,973 412,973 415,945 415,945 1.17733
Totals: 2,005,000 74,650 2,079,650 2,079,650 0 2,079,650 1.17729-41,500 Minus Est'd Bonding Costs-24,060 Minus Est'd Underwriters Discount
1,939,440 Est'd Net Available for Project Costs
CES #
4
Red Oak School District RedOakCSD-MaxScenarios 6-25-2014.xls - PPEL-Extended6/25/2014 11:24 AM Piper Jaffray Co.
Debt Service Schedule General Obligation Capital Loan NotesRed Oak Community School District, Iowa 1/1/2013 Taxable Valuation: 353,294,503Prepared by: Piper Jaffray & Co.
Taxes MUST be collected from Property Taxes (not Income Surtax) for any amount needed to repay debtRED OAK CSD's Existing Voted PPEL of $1.34 Expires FY2020 and REQUIRES at minimum 1% Income Surtax
It is assumed in this scenario that the district has voted two ballot questions: 1. revise existing Voted PPEL through FY20 WITHOUT SURTAX REQUIREMENT 2. extend the Voted PPEL for added 10-years FY21-FY30Each question would require 50% voter approval
RATES ESTIMATEDESTIMATED MAXIMUM BORROWING CAPACITY for REMAINING PPEL TERM
Semi Annual Semi Annual Annual Prior Net Annual EstimatedDate Principal Interest Interest P & I P & I Outstanding P & I P & I
Maturity Rate Payment Payment This Issue P & I Payment Levy5/1/2010 Assumes Dated April 1, 2015
11/1/20105/1/2011
11/1/20115/1/2012
11/1/20125/1/2013
11/1/20135/1/2014
11/1/20145/1/2015
11/1/2015 74,422 74,4225/1/2016 335,000 0.800% 63,790 398,790 473,212 473,212 1.33943
11/1/2016 62,450 62,4505/1/2017 340,000 0.950% 62,450 402,450 464,900 464,900 1.31590
11/1/2017 60,835 60,8355/1/2018 340,000 1.100% 60,835 400,835 461,670 461,670 1.30676
11/1/2018 58,965 58,9655/1/2019 345,000 1.300% 58,965 403,965 462,930 462,930 1.31032
11/1/2019 56,723 56,7235/1/2020 350,000 1.450% 56,723 406,723 463,445 463,445 1.31178
11/1/2020 54,185 54,1855/1/2021 355,000 1.800% 54,185 409,185 463,370 463,370 1.31157
11/1/2021 50,990 50,9905/1/2022 360,000 2.100% 50,990 410,990 461,980 461,980 1.30763
11/1/2022 47,210 47,2105/1/2023 370,000 2.350% 47,210 417,210 464,420 464,420 1.31454
11/1/2023 42,863 42,8635/1/2024 375,000 2.500% 42,863 417,863 460,725 460,725 1.30408
11/1/2024 38,175 38,1755/1/2025 385,000 2.650% 38,175 423,175 461,350 461,350 1.30585
11/1/2025 33,074 33,0745/1/2026 395,000 2.800% 33,074 428,074 461,148 461,148 1.30528
11/1/2026 27,544 27,5445/1/2027 405,000 3.000% 27,544 432,544 460,088 460,088 1.30228
11/1/2027 21,469 21,4695/1/2028 420,000 3.150% 21,469 441,469 462,938 462,938 1.31034
11/1/2028 14,854 14,8545/1/2029 435,000 3.300% 14,854 449,854 464,708 464,708 1.31535
11/1/2029 7,676 7,6765/1/2030 445,000 3.450% 7,676 452,676 460,353 460,353 1.30303
Totals: 5,655,000 1,292,234 6,947,234 6,947,234 0 6,947,234 1.31094-50,500 Minus Est'd Bonding Costs-96,135 Minus Est'd Underwriters Discount
5,508,365 Est'd Net Available for Project Costs
CES #
4
Red Oak School District
RedOakCSD-MaxScenarios 6-25-2014.xls 6/25/2014 11:24 AM Piper Jaffray Co.
Debt Service Schedule Sales Tax Revenue BondsRed Oak Community School District, IowaPrepared by: Piper Jaffray & Co.
Rates EstimatedEst'd Semi Annual Annual Plus Prior Plus TOTAL Estimated Estimated
Date Principal Interest Interest P & I Debt Annual SAVE DEBT Annual SAVE Debt ServiceMaturity Rate Payment This Issue Issued Trustee Fees OBLIGATIION Income Coverage
ASSUMING CURRENT REVENUE LEVELS7/1/2008 Assumes Dated 3/1/2015 EST'D GROWTH IN REVENUES NOT SHOWN1/1/20097/1/20091/1/20107/1/20101/1/20117/1/20111/1/20127/1/20121/1/20137/1/20131/1/20147/1/20141/1/20157/1/2015 74,543 74,543 74,543 1,050,016 14.0861/1/2016 111,8147/1/2016 555,000 2.000% 111,814 778,628 778,628 1,050,016 1.3491/1/2017 106,2647/1/2017 570,000 2.000% 106,264 782,528 782,528 1,050,016 1.3421/1/2018 100,5647/1/2018 580,000 2.000% 100,564 781,128 781,128 1,050,016 1.3441/1/2019 94,7647/1/2019 590,000 2.000% 94,764 779,528 779,528 1,050,016 1.3471/1/2020 88,8647/1/2020 605,000 2.000% 88,864 782,728 782,728 1,050,016 1.3411/1/2021 82,8147/1/2021 615,000 2.050% 82,814 780,628 780,628 1,050,016 1.3451/1/2022 76,5107/1/2022 630,000 2.250% 76,510 783,020 783,020 1,050,016 1.3411/1/2023 69,4237/1/2023 640,000 2.400% 69,423 778,845 778,845 1,050,016 1.3481/1/2024 61,7437/1/2024 660,000 2.550% 61,743 783,485 783,485 1,050,016 1.3401/1/2025 53,3287/1/2025 675,000 2.700% 53,328 781,655 781,655 1,050,016 1.3431/1/2026 44,2157/1/2026 695,000 2.850% 44,215 783,430 783,430 1,050,016 1.3401/1/2027 34,3117/1/2027 710,000 3.000% 34,311 778,623 778,623 1,050,016 1.3491/1/2028 23,6617/1/2028 735,000 3.100% 23,661 782,323 782,323 1,050,016 1.3421/1/2029 12,2697/1/2029 755,000 3.250% 12,269 779,538 779,538 1,050,016 1.3471/1/20307/1/2030 700,011
Totals: 9,015,000 1,995,625 11,010,625 0 0 11,010,625 16,450,253
ESTIMATED USES OF FUNDS ESTIMATED SOURCES OF FUNDSProject Funds Available: 7,965,000 Sales Tax Bonds: 9,015,000
Accrued Interest: 0.00Debt Service Reserve Fund: 783,485 Other SAVE Funds On Hand: ???Costs of Issuance: 93,620 Other Sources of Funds: ???Underwriting Costs: 171,285Deposit to Sinking Fund: 0.00 Earnings During Construction: ???Surplus: 1,610TOTAL 9,015,000 TOTAL 9,015,000
This worksheet refects an estimate of the "maximum" borrowing capacity that STILL PERMITS the ongoing expenditure of SILO + PPEL funds on other
annual needs. This is not a reflection of the ABSOLUTE maximum borrowing
CES #
4
Red Oak School District
RedOakCSD-MaxScenarios 6-25-2014.xls 6/25/2014 11:24 AM Piper Jaffray Co.
Debt Service Schedule Sales Tax Revenue BondsRed Oak Community School District, IowaPrepared by: Piper Jaffray & Co.
Rates EstimatedEst'd Semi Annual Annual Plus Prior Plus TOTAL Estimated Estimated
Date Principal Interest Interest P & I Debt Annual SAVE DEBT Annual SAVE Debt ServiceMaturity Rate Payment This Issue Issued Trustee Fees OBLIGATIION Income Coverage
ASSUMING CURRENT REVENUE LEVELS7/1/2008 Assumes Dated 3/1/2015 EST'D GROWTH IN REVENUES NOT SHOWN1/1/20097/1/20091/1/20107/1/20101/1/20117/1/20111/1/20127/1/20121/1/20137/1/20131/1/20147/1/20141/1/20157/1/2015 610,000 2.000% 87,300 697,300 697,300 1,050,016 1.5061/1/2016 124,8507/1/2016 620,000 2.000% 124,850 869,700 869,700 1,050,016 1.2071/1/2017 118,6507/1/2017 635,000 2.000% 118,650 872,300 872,300 1,050,016 1.2041/1/2018 112,3007/1/2018 650,000 2.000% 112,300 874,600 874,600 1,050,016 1.2011/1/2019 105,8007/1/2019 660,000 2.000% 105,800 871,600 871,600 1,050,016 1.2051/1/2020 99,2007/1/2020 675,000 2.000% 99,200 873,400 873,400 1,050,016 1.2021/1/2021 92,4507/1/2021 685,000 2.050% 92,450 869,900 869,900 1,050,016 1.2071/1/2022 85,4297/1/2022 700,000 2.250% 85,429 870,858 870,858 1,050,016 1.2061/1/2023 77,5547/1/2023 715,000 2.400% 77,554 870,108 870,108 1,050,016 1.2071/1/2024 68,9747/1/2024 735,000 2.550% 68,974 872,948 872,948 1,050,016 1.2031/1/2025 59,6037/1/2025 755,000 2.700% 59,603 874,205 874,205 1,050,016 1.2011/1/2026 49,4107/1/2026 775,000 2.850% 49,410 873,820 873,820 1,050,016 1.2021/1/2027 38,3667/1/2027 795,000 3.000% 38,366 871,733 871,733 1,050,016 1.2051/1/2028 26,4417/1/2028 820,000 3.100% 26,441 872,883 872,883 1,050,016 1.2031/1/2029 13,7317/1/2029 845,000 3.250% 13,731 872,463 872,463 1,050,016 1.2041/1/20307/1/2030 700,011
Totals: 10,675,000 2,232,815 12,907,815 0 0 12,907,815 16,450,253
ESTIMATED USES OF FUNDS ESTIMATED SOURCES OF FUNDSProject Funds Available: 12,245,000 Sales Tax Bonds: 10,675,000
Accrued Interest: 0.00Debt Service Reserve Fund: 874,600 Other SAVE Funds On Hand: ???Costs of Issuance: 106,900 Other Sources of Funds: 2,755,000Underwriting Costs: 202,825Deposit to Sinking Fund: 0.00 Earnings During Construction: ???Surplus: 675TOTAL 13,430,000 TOTAL 13,430,000
Because this worksheet assumes the abatement of the G.O. Bond levy using SILO funds has been discontinued by the board, more funds are left in the SILO Fund that can be used for SILO debt repayment. Therefore, this worksheet refects an estimate
of the true "maximum" borrowing capacity even with the ongoing expenditure of SILO + PPEL funds on other needs of the district.
Borrowing above $10 million may be broken into two Series over multiple calendar years to
assure Bank Qualification...
CES #
5
Red Oak School District
9/16/2014
1
Community Engagement
www.redoakschooldistrict.com
Welcome
• Please introduce yourself to others at your table • Put on a name tag • Complete the information on the sign-in sheet
Community Engagement
www.redoakschooldistrict.com
Welcome
CES #
5
Red Oak School District
9/16/2014
2
Community Engagement
www.redoakschooldistrict.com
Why are we here?
•Background
•Call to Action
Community Engagement
www.redoakschooldistrict.com
Purpose
• Solicit stakeholder hopes, ideas, suggestions
• Engage in meaningful dialogue and discussion
CES #
5
Red Oak School District
9/16/2014
3
Community Engagement
www.redoakschooldistrict.com
The Process
• Facilitating Team (FT)
• Community Engagement Sessions (CES)
Community Engagement
www.redoakschooldistrict.com
Facilitating Team
• Members ‐ Community Chairs ‐ Community Members ‐ Staff Representatives ‐ District Leadership ‐ Board Liaisons
• Role ‐ Process ‐ Strategy ‐ Communications ‐ Agendas ‐ Materials ‐ Final Report of Findings
CES #
5
Red Oak School District
9/16/2014
4
Community Engagement
www.redoakschooldistrict.com
Sessions
• Participants—any Red Oak Community Schools resident
• Workshops designed/governed by FT • Topics relevant to Red Oak Community
Schools’ long-range facility plan • Dialogue/discussions in small group setting
Community Engagement
www.redoakschooldistrict.com
CES Calendar/Syllabus
Session Date/Time Location Topic
CES 1 Thursday, April 3, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Overview of Facility
Improvement Process
CES 2 Thursday, April 24, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Conditions Assessments &
District Reconfiguration Scenarios
CES 3 Thursday, May 15, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
QLEO Results &
Narrowing Solutions
CES 4 Thursday, June 26, 2014 Time: 6:30 p.m. – 8:30 p.m.
Red Oak High School – Gymnasium 2011 N. 8th Street
Secure Your
Educational Future
CES 5 To Be Determined
CES #
5
Red Oak School District
9/16/2014
5
Community Engagement
www.redoakschooldistrict.com
Typical Session Agenda
• Welcome & Review of Previous Session • Data/Informational Presentation • Instructions for Small Group Work Activity • Small Group Work (Dialogue/Decisions) • Small Group Reporting to Large Group • Closing/Preview of Next Session
Community Engagement
www.redoakschooldistrict.com
Data / Informational Presentation
Group Work Activity
VERBATIM RESPONSES
Executive Summary
Consensus Points
CONSENSUS POINTS USED IN FORMATION OF RECOMMENDATIONS
Session Documentation
CES #
5
Red Oak School District
9/16/2014
6
Community Engagement
www.redoakschooldistrict.com
Website/Social Media
Website: www.redoakschooldistrict.com
Community Engagement
www.redoakschooldistrict.com
Questions/Comments
• Fill out “I Have a Question” form • Call: 712.623.6600
• Email: Terry Schmidt, Supt. schmidtt@roschools.com
TigerVision@redoakschooldistrict.com
• Ask questions during
Small Group time
CES #
5
Red Oak School District
9/16/2014
7
Community Engagement
www.redoakschooldistrict.com
Sign-In Sheet
Please sign in as a record of your participation in this session. Name Mailing Address Phone Number Email Check All That Apply How did you hear about tonight's
meeting? Check All That Apply 1.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
2.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
3.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
4.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
5.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
6.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
7.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
8.
☐ Parent ☐ Red Oak CSD Alumni ☐ Staff ☐ Community Member ☐ Business Owner
☐ Mail ☐ Word of Mouth ☐ Radio ☐ School Material ☐ Was asked by ____________________ ☐ Other: __________________________
RED OAK COMMUNITY SCHOOLS COMMUNITY ENGAGEMENT PROGRAM
Community Engagement Session #___ Table #
Sign in Sheet
Community Engagement
www.redoakschooldistrict.com
Setting the Stage
Randy West, Principal BLDD Architects
“Secure Your Educational Future”
CES #
5
Red Oak School District
9/16/2014
8
You make smarter decisions that give you more value for
every single dollar spent!
How do you secure your community’s
EDUCATIONAL FUTURE?
CES #
5
Red Oak School District
9/16/2014
9
front entry
21ST CENTURY Learning Environments
interior entry
CES #
5
Red Oak School District
9/16/2014
10
student commons
information commons
CES #
5
Red Oak School District
9/16/2014
11
21st century learning environments
auditorium
CES #
5
Red Oak School District
9/16/2014
12
CES #3 Work Activity Results Individual Results
CES #3 Work Activity Results Group Results
CES #
5
Red Oak School District
9/16/2014
13
Scenario J: 2 Campuses
better / more suitable environment to prepare
students for
CES #
5
Red Oak School District
9/16/2014
14
-
10
20
30
40
50
60
70
80
90
100
Scenario A Scenario J
Educational Adequacy
Lower energy costs
Lower O & M costs
Lower building renewal costs
+
+
= LOWER OPERATING COSTS
Costs
CES #
5
Red Oak School District
9/16/2014
15
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
Renewal Costs O&M/Energy Non-Instructional Staffing andTransportation
Operating Costs
Scenario A Scenario J
Cost Comparison
• Lawn service
• Snow removal
• Trash removal
• Janitorial services
Operating & Maintenance (O & M)
CES #
5
Red Oak School District
9/16/2014
16
increased building flexibility & efficiency allows:
increased net usable
educational space within a lower total footprint (sf)
CES #
5
Red Oak School District
9/16/2014
17
PROJECT PROJECT DURATION
COST
High School Addition 20 months $12,500,000
Renovate Existing High School 12 months $ 3,000,000
Renovate & Addition to Inman Grades PreK-2
2 summers $ 2,000,000
New Intermediate at Inman Grades 3-4
20 months $ 6,000,000 - $ 9,000,000
TOTAL COST $23,500,000 - $26,500,000
Phasing Options
PROJECT
High School Addition
Renovate Existing High School
Renovate & Addition to Inman
New Intermed. at Inman
1 2 3 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
20 months
12 months
summer months
summer months
20 months
MONTHS
Phasing Options
CES #
5
Red Oak School District
9/16/2014
18
Small Group Work Activity
Select a Recorder and Facilitator
Recorder Responsibilities — • Complete the information on the group’s worksheet
Facilitator Responsibilities — • Facilitate Discussion • Keep Group Focused/On Task • Report Group’s Information
Small Group Work Activity
CES #
5
Red Oak School District
9/16/2014
19
• Information on worksheet should reflect consensus/general agreement of group members
• Monitor progress to complete the worksheet in allotted time
• Only group recorder’s worksheet will be collected
Small Group Worksheet
Community Engagement
www.redoakschooldistrict.com
Work Activity:
Work Activity: School Finance
CES #
5
Red Oak School District
9/16/2014
20
Community Engagement
www.redoakschooldistrict.com
Small Group Work Activity Reporting
Community Engagement
www.redoakschooldistrict.com
CES #
5
Red Oak School District
Red Oak Community School District, Iowa General Obligation Refunding School Bonds
Series 2010Debt Service Schedule
DEBT SERVICE FUNDDate Principal Coupon Interest Total P+I Fiscal Total
DATED April 29, 201011/1/2010 290,000 0.600% 85,428.78 375,428.785/1/2011 295,000 1.000% 83,620.00 378,620.00 754,048.78
11/1/2011 295,000 1.500% 82,145.00 377,145.005/1/2012 300,000 1.500% 79,932.50 379,932.50 757,077.50
11/1/2012 300,000 2.000% 77,682.50 377,682.505/1/2013 300,000 2.000% 74,682.50 374,682.50 752,365.00
11/1/2013 305,000 2.500% 71,682.50 376,682.505/1/2014 310,000 2.500% 67,870.00 377,870.00 754,552.50
11/1/2014 310,000 2.500% 63,995.00 373,995.005/1/2015 315,000 2.500% 60,120.00 375,120.00 749,115.00
11/1/2015 320,000 2.750% 56,182.50 376,182.505/1/2016 325,000 2.800% 51,782.50 376,782.50 752,965.00
11/1/2016 330,000 2.900% 47,232.50 377,232.505/1/2017 330,000 3.100% 42,447.50 372,447.50 749,680.00
11/1/2017 345,000 3.200% 37,332.50 382,332.505/1/2018 345,000 3.300% 31,812.50 376,812.50 759,145.00
11/1/2018 355,000 3.400% 26,120.00 381,120.005/1/2019 355,000 3.550% 20,085.00 375,085.00 756,205.00
11/1/2019 370,000 3.650% 13,783.75 383,783.755/1/2020 375,000 3.750% 7,031.25 382,031.25 765,815.00
Total 6,470,000 $1,080,968.78 $7,550,968.78 $7,550,968.78
Bonds Become Callable: May 1, 2017
CES #
5
Red Oak School District
Red O
ak Com
munity S
chool District, Iow
a
DEB
T LIMIT C
ALCU
LATION
AS OF SU
MM
ER 2014
1/1/2013 100% P
roperty Valuation:
613,715,833C
urrent "Maxim
um" P
rojected Borrow
ing Capacities, R
egardless of Need or D
esire:5%
Statutory D
ebt Limit
5.00%V
oted G.O
. Bonds
17,240,000Lim
it30,685,792
PP
EL N
otes, if Levy Extended:
#RE
F!M
inus G.O
. Bonds O
utstanding (after FY14 payment):
-4,075,000S
ILO B
onds, if Abatem
ent Stops:
9,545,000M
inus PP
EL N
otes Outstanding:
0#R
EF!
*M
inus Sales Tax R
evenue Bonds O
utstanding:0
Minus O
ther Long-term D
ebt Outstanding:
0R
emaining W
ithin Limit:
26,610,792* This figure is before rem
oving bonding expenses, and is PR
INC
IPA
LO
NLY…
not counting interest expense of the borrowing(s).
Percentage of Debt Lim
it Encumbered:
13.28%The D
EBT LIM
IT is the overriding limt, regardless of "capacity" w
ithinPercentage of D
ebt Limit Available:
86.72%levy lim
itations and/or enrollment lim
itations. Thus, the District w
ill notborrow
in excess of this amount (or, w
hatever the debt limit calculation
is at the time of any actual future borrow
ing.)
The Available Debt Lim
it figure changes annually as 100% property
valuation changes, combined w
ith the ongoing repayment of prior
outstanding principal amounts.
HISTO
RIC
GEN
ERAL FU
ND
BALAN
CES
Undesignated/U
nreserved or Unassigned Fund B
alance2004$384,110
2005$414,788
2006$1,099,401
2007$842,815
2008$300,987
2009($564,016)
2010($645,513)
2011$763,574
2012$1,765,880
2013$2,637,252
2014??
CES #
5
Red Oak School District
Q&A Regarding School District BondingRed Oak Community School District, IowaPrepared by: Piper Jaffray & Co.
*This is not an exhaustive list of all questions a patron might have.
Because a Piper Jaffray representative is here at our community meeting, does that mean that Piper Jaffrayis recommending that our district construct new buildings, or borrow money for the needs being presented?
NO. Neither Piper Jaffray nor its employees have an opinion about your projects. We do not livein your community, pay taxes in your community, have students in your community, own propertyin your community. The choice to build, renovate, improve, demolish, or whatever…is soley a localdecision made by school board members and local patrons. Piper Jaffray is only participating to help provide factual information related to bonding and any tax implications that may have.
From what sources can a school build new or renovate existing infrastructure?CASH DONATIONS or GRANTSVoted G.O. BondsPPEL Notes (Voted PPEL)Sales Tax Bonds
Can a school use bond money to give teachers or staff a raise or pay employment-related expenses?
ABSOLUTELY NOT. These are two separate pots of money. Debt Servicd Fund, PPEL and Sales Tax monies are ONLY to be used for infrastructure improvement.
Is it possible that a school can be laying off staff or cutting routine expenditures while also building brand new buildings?
ABSOLUTELY. This is very common. Many Iowa schools can't afford to build any newbuildings, but can afford to fund regular school costs easily. Other schools need to cut ongoingexpenditures while still being able to fund new infrastructure projects. The funding sources forthese two things is completely separate.
What Dates Can Be Used for a G.O. Bond Vote or PPEL Levy Renewal?Even Years….
1st Tuesday of February1st Tuesday of April2nd Tuesday of September1st Tuesday of December
Odd Years….1st Tuesday of February 1st Tuesday of AprileLast Tuesday of June2nd Tuesday of September
Does the PRIOR bonded debt of the District impact our ability to fund a project now?
YES. The remaining prior debt hinders your ability to fund a larger project now in two way:1. Remaining prinicpal outstanding counts toward the DEBT LIMIT2. Remaining P&I payment amounts must be calculated into the maximum debt service levy rate of $4.05 along with any new bond payments
Even if the entire community were supportive of any project the district put forth, and was willing to payany tax levy associated with it…are we still limited to the size of our project?
YES. The total amount of borrowing is limited overall by the Debt Limit which is a statutorylimit dictated by Iowa Code. Within that Debt Limt you are also limited to total borrowing sizes that do not exceed:
1. $4.05 debt service levy on G.O. Bonds2. $1.34 PPEL levy for Capital Loan Notes3. 1.20x Debt Service Coverage for Sales Tax Bonds (sales tax bonds may be further limited by other ongoing regular needs)
CES #
5
Red Oak School District
Are there Iowa school districts that are close to or at their statutory Debt Limit?YES.
Are there Iowa school districts that have no debt at all?YES.
Patrons should determine what their local students and community need, and then determine how they can fund that need. You should not simply compare your tax levy rates to neighboringdistricts to determine if a project is feasible. A neighboring district may have a very low tax rate, but they may also have not improved their buildings in 50+ years, or they may be using all of theirsales tax revenues to keep their tax rates low….but, don't have those sales tax funds then to provide for ongoing needs. You must understand the entire big picture of each district; somethingthat most patrons of your district will never truly understand when comparing one to another. Be cautious when you compare. You rarely can truly be comparing Apples-to-Apples.
The concept of MILLIONS of dollars is difficult to grasp. There is much gossip that circulates regarding tax levies and bond voting. Is there a simple way that Ican calculate what the tax impact to MY PERSONAL POCKETBOOK will be?
YES. See the "Tax Impact Worksheet" that will accompany any eventual bond proposal.The math is simple. The tax impact is typically up to 1/2 what a residential homeowner might expect, and up to 1/10 what an agricultural land owner mightexpect….due to ROLLBACK and ASSESSED vs. MARKET values of property.
Be informed. Be educated. Do not listen to gossip. If someone is saying something that seems OUTRAGEOUS, it probably is.
What can impact the FUTURE tax levies and/or the districts ability to make future bond payments?
Voted G.O. Bonds:Tax Levy RATE may go up if taxable valuation of property declines.Tax Levy RATE may go down if taxable valuation of property increases.
PPEL Notes:The levy is fixed at not more than $1.34 regardless of borrowing or not borrowing.However, if a school borrows the "maximum" amount up to a $1.34 levy and THENproperty valuations decline the levy RATE may increase slightly.
Sales Tax Bonds:Local resident student enrollment increases will bring the District more revenue, and
visa versa.Statewide retail sales increases may bring the District more revenue, and visa versa.Statewide enrollment increases may bring the District less revenue, and visa versa.*Various combinations of these moving parts may result in higher or lower total revenue
in any given year.
I don't have children in this District either because I'm not married and have no children, don't want to havechildren, or have already raised my children to adulthood. Why should I be concerned with the future of this District, and why should I pay to foot the bill of the improvements (if the community agrees that suchimpovements are desired)?
Simple: Because in Iowa every property owner or consumer paying sales tax pays for theconstruction of our schools. When you were 5-18 years old….someone else was paying for your school; your parents…but, also your neighbors, relatives and othercommunity members regardless of whether they had school-aged children attending.
CES #
5
Red Oak School District
RedO
akCSD
-Scenarios 8-26-2014 USE TH
IS GO
ING
FOR
WA
RD
.xls SAV
E Info9/19/2014 8:04 A
MPiper Jaffray C
o.
District patrons have previously approved the extension of the R
evenue Purpose S
tatement to m
atch the statewide expiration date at election held S
eptember 2009
STATEWID
E TAX REPEALS PR
IOR
TAXES AS OF JU
LY 1, 2008 & Ends 12/31/2029
10/01/1310/01/12
10/01/1110/01/10
10/01/0910/01/08
10/01/0710/01/06
9/1/059/1/04
9/1/039/1/02
9/1/01S
chool District
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
entE
nrollment
Enrollm
ent
Red O
ak: MO
NTG
OM
ER
Y1,166.5
1,206.81,206.8
1,211.61,249.8
1,285.71,321.1
1,326.21,326.1
1,369.51,332.8
1,332.31,349.1
Red O
ak: PA
GE
0.00.0
4.04.0
6.03.0
3.02.0
2.01.0
1.01.0
1.0R
ed Oak: P
OTTA
WA
TTAM
IE0.0
0.02.0
1.00.0
0.03.0
0.00.0
1.12.1
3.03.0
Total1,166.5
1,206.81,212.8
1,216.61,255.8
1,288.71,327.1
1,328.21,328.1
1,371.61,335.9
1,336.31,353.1
Assum
ing 2% G
rowth In Taxable R
etail Sales and
Taxable Retail Sales H
istory - State of Iowa
Prior Enrollment Trend:
Historial Trends in S
tatewide E
nrollment
Year
Enrollm
entG
ainLO
CA
L RE
VE
NU
ETO
TAL
Year Ending
TaxableA
nnual %2001
1,353P
ossibleJune 30th**
Sales
Grow
th2002
1,336-17
Est'd
Annual
Possible
2013*34,800,587,109
0.760%2003
1,3360
Assumed Future Enrollm
ent:R
evenueLocal
TOTA
L2012
34,537,967,2634.966%
20041,372
36E
nrollment
Year
Fiscal Year
Enrollm
entP
er Student
Revenue
Revenues
201132,904,016,683
3.007%2005
1,328-44
Projection
20072008-09
1,327$534
709,125709,125
201031,943,592,540
-4.816%2006
1,3280
Per
20082009-10
1,289$627
808,643808,643
200933,559,887,619
1.423%2007
1,327-1
District
20092010-11
1,256$705
885,828885,828
200833,089,024,825
4.561%2008
1,289-38
Estim
ates2010
2011-121,217
$745906,462
906,4622007
31,645,718,7671.727%
20091,256
-332011
2012-131,213
$823997,627
997,6272006
31,108,387,6574.372%
20101,217
-392012
2013-141,207
$8701,050,016
1,050,0162005
29,805,300,5842.426%
20111,213
-42013
2014-151,167
$8871,035,251
1,035,2512004
29,099,277,1621.374%
20121,207
-61
20142015-16
1,168$905
1,056,8611,056,861
200328,704,897,783
0.908%2013
1,167-40
142015
2016-171,182
$9231,090,925
1,090,9252002
28,446,628,916-0.179%
Actual R
ecent Historic G
rowth:
-1615
20162017-18
1,197$942
1,126,8711,126,871
200128,497,729,275
3.305%G
rowth R
ate Used in This S
cenario:0
20172018-19
1,197$961
1,149,4081,149,408
200027,586,079,482
3.046%0
20182019-20
1,197$980
1,172,3961,172,396
199926,770,708,316
5.676%0
20192020-21
1,197$999
1,195,8441,195,844
199825,332,748,804
3.277%0
20202021-22
1,197$1,019
1,219,7611,219,761
199724,528,959,504
4.228%D
ept of Revenue P
ublished Estim
ate:0
20212022-23
1,197$1,040
1,244,1561,244,156
199623,534,006,709
4.776%FY
20140
20222023-24
1,197$1,061
1,269,0391,269,039
199522,461,226,855
4.825%M
ontgomery
Page
Pottaw
attamie
02023
2024-251,197
$1,0821,294,420
1,294,4201994
21,427,415,4224.985%
Jul$62,543
$0$0
02024
2025-261,197
$1,1031,320,309
1,320,3091993
20,410,006,7774.647%
Aug
$62,543$0
$00
20252026-27
1,197$1,126
1,346,7151,346,715
199219,503,730,902
4.275%S
ep$62,543
$0$0
02026
2027-281,197
$1,1481,373,649
1,373,6491991
18,704,127,8964.183%
Oct
$64,707$0
$00
20272028-29
1,197$1,171
1,401,1221,401,122
199017,953,167,720
5.229%N
ov$64,707
$0$0
23,654,42823,654,428
198917,061,104,576
5.398%D
ec$64,707
$0$0
198816,187,378,730
3.840%Jan
$56,810$0
$0A
ssuming N
o Grow
th in Taxable Retail S
ales & N
o Change in
198715,588,803,568
Feb$56,810
$0$0
Enrollm
ent Figures From O
ctober 2013 Count
Mar
$56,810$0
$0LO
CA
L RE
VE
NU
ETO
TAL
Previous 5 year A
verage:1.068%
Apr
$61,226$0
$0P
ossibleP
revious 10 year Average:
1.980%M
ay$61,226
$0$0
Est'd
Annual
Possible
Previous 15 year A
verage:2.170%
Jun$61,226
$0$0
Assumed Future Enrollm
ent:R
evenueLocal
TOTA
LP
revious 20 year Average:
2.732%95%
Distribution
$735,860$0
$0Y
earFiscal Y
earE
nrollment
Per S
tudentR
evenueR
evenuesP
revious 25 year Average:
3.135%100%
Interpolation$774,589
$0$0
20072008-09
1,327$534
709,125709,125
**Prior to 2009 the fiscal year w
as through March 31st
Est'd S
upplemental
$275,427$0
$02008
2009-101,289
$627808,643
808,643*U
nauditedE
st'd TOTA
L$1,050,016
$0$0
20092010-11
1,256$705
885,828885,828
Est'd A
vg per Student
$870.082010
2011-121,217
$745906,462
906,4622011
2012-131,213
$823997,627
997,627A
ctual Historic S
ales Tax Revenues, A
ccrual Basis:
20122013-14
1,207$870
1,050,0161,050,016
TOTA
LA
pproximate
20132014-15
1,167$870
1,014,9521,014,952
Fiscal Year
Montgom
eryP
ageP
ottawattam
ieC
OLLE
CTIO
NS
Per S
tudent2014
2015-161,167
$8701,014,952
1,014,9522005
$597,087$450
$1,539$599,076
$4482015
2016-171,167
$8701,014,952
1,014,9522006
$694,232$506
$847$695,585
$5072016
2017-181,167
$8701,014,952
1,014,9522007
$711,079$1,072
$0$712,151
$5362017
2018-191,167
$8701,014,952
1,014,9522008
$782,024$1,135
$0$783,159
$5902018
2019-201,167
$8701,014,952
1,014,9522009
$705,010$1,599
$2,516$709,125
$5342019
2020-211,167
$8701,014,952
1,014,9522010
$806,746$1,897
$0$808,643
$6272020
2021-221,167
$8701,014,952
1,014,9522011
$881,596$4,232
$0$885,828
$7052021
2022-231,167
$8701,014,952
1,014,9522012
$902,528$2,979
$955$906,462
$7452022
2023-241,167
$8701,014,952
1,014,9522013
$992,600$3,288
$1,739$997,627
$8232023
2024-251,167
$8701,014,952
1,014,9522014*
$1,050,016$0
$0$1,050,016
$8702024
2025-261,167
$8701,014,952
1,014,952*E
stimated for FY
20142025
2026-271,167
$8701,014,952
1,014,9522026
2027-281,167
$8701,014,952
1,014,9522027
2028-291,167
$8701,014,952
1,014,95220,581,978
20,581,978
CES #
5
Red Oak School District
SUMMARY TAX IMPACT Red Oak Community School District, Iowa
The $1.90 tax levy reflected below is the estimated INCREASE in property taxes above & beyond the tax levythat was already being collected for the payment of the prior 2010 GO Refunding Bonds (previously refunded the 2000 G.O. Bonds)
1/1/2013 Assessed
Value*1/1/2013 Rollback
Taxable Value
Less Homestead
Credit**Net Taxable
Value
Est. Tax Rate Change per $1,000
Change in Annual Tax Payment
Change in Tax Payment
per MonthResidential Property
$25,000 x 54.4002% = $13,600 - $4,850.00 = $8,750 x $1.90000 = $16.63 $1.39$35,000 x 54.4002% = $19,040 - $4,850.00 = $14,190 x 1.90000 = $26.96 $2.25$40,000 x 54.4002% = $21,760 - $4,850.00 = $16,910 x 1.90000 = $32.13 $2.68$60,000 x 54.4002% = $32,640 - $4,850.00 = $27,790 x 1.90000 = $52.80 $4.40$75,000 x 54.4002% = $40,800 - $4,850.00 = $35,950 x 1.90000 = $68.31 $5.69$90,000 x 54.4002% = $48,960 - $4,850.00 = $44,110 x 1.90000 = $83.81 $6.98
$100,000 x 54.4002% = $54,400 - $4,850.00 = $49,550 x 1.90000 = $94.15 $7.85$125,000 x 54.4002% = $68,000 - $4,850.00 = $63,150 x 1.90000 = $119.99 $10.00$150,000 x 54.4002% = $81,600 - $4,850.00 = $76,750 x 1.90000 = $145.83 $12.15$200,000 x 54.4002% = $108,800 - $4,850.00 = $103,950 x 1.90000 = $197.51 $16.46
Commercial Property$25,000 x 95.0000% = $23,750 - 0 = $23,750 x 1.90000 = $45.13 $3.76$30,000 x 95.0000% = $28,500 - 0 = $28,500 x 1.90000 = $54.15 $4.51$40,000 x 95.0000% = $38,000 - 0 = $38,000 x 1.90000 = $72.20 $6.02$50,000 x 95.0000% = $47,500 - 0 = $47,500 x 1.90000 = $90.25 $7.52$60,000 x 95.0000% = $57,000 - 0 = $57,000 x 1.90000 = $108.30 $9.03$75,000 x 95.0000% = $71,250 - 0 = $71,250 x 1.90000 = $135.38 $11.28
$100,000 x 95.0000% = $95,000 - 0 = $95,000 x 1.90000 = $180.50 $15.04$150,000 x 95.0000% = $142,500 - 0 = $142,500 x 1.90000 = $270.75 $22.56
Agricultural Property (land only on a per acre basis)*$1,200 x 43.3997% = $521 - 0 = $521 x 1.90000 = $0.99 $0.08$1,500 x 43.3997% = $651 - 0 = $651 x 1.90000 = $1.24 $0.10$1,800 x 43.3997% = $781 - 0 = $781 x 1.90000 = $1.48 $0.12$2,200 x 43.3997% = $955 - 0 = $955 x 1.90000 = $1.81 $0.15$2,500 x 43.3997% = $1,085 - 0 = $1,085 x 1.90000 = $2.06 $0.17$2,700 x 43.3997% = $1,172 - 0 = $1,172 x 1.90000 = $2.23 $0.19$2,900 x 43.3997% = $1,259 - 0 = $1,259 x 1.90000 = $2.39 $0.20$3,000 x 43.3997% = $1,302 - 0 = $1,302 x 1.90000 = $2.47 $0.21
*Assessed Value IS NOT "Market Value"…Assessed Value is determined by County Assessor while Market Value is determined by the open real estate marketplace**Homestead Credit may vary from County to County
AG LAND EXAMPLE:
Incorrect way to do it……
I'm a farmer and I know I can sell my land for $8,000 per acre. Thus, since we are talking about 1,000's of dollars in value I woulddivide that by 1,000 to get 8, and then multiply the 8 x tax increase = 8 x $1.90 = $15.20 per acre increase = my 500 acres x $15.20 = a total tax increase to me of $7,600 per year.
Correct way to do it……
I'm a farmer and I looked at my recent tax bill to find the ASSESSED VALUE OF MY LAND is $1,800/acre. Thus, according to thechart above I would take $1.48 x my 500 acres = $740 tax increase per year.
WHILE $740 IS STILL A TAX INCREASE…IT IS NOWHERE AS SIGNIFICANT AS THE INCORRECT CALCULATION OF $7,600/YEAR.
CES #
5
Red Oak School District
RedOakCSD-Scenarios 8-26-2014 USE THIS GOING FORWARD.xls - 4.059/19/2014 8:04 AM Piper Jaffray Co.
Debt Service Schedule General Obligation School BondsRed Oak Community School District, Iowa 1/1/2013 Taxable Valuation: 353,294,503Prepared by: Piper Jaffray & Co.
Levy if PropertyOwners Pay
Estimated Maximum Borrowing @ $4.05 Debt Service Levy Full Levy
Semi Annual Annual Prior Net Annual EstimatedDate Principal Interest Interest P & I Outstanding P & I P & I
Maturity Rate Payment This Issue P & I Payment Levy5/1/2015 Assumes Dated May 1, 2015
11/1/2015 284,4605/1/2016 105,000 3.300% 284,460 673,920 752,965 1,426,885 4.03880
11/1/2016 282,7285/1/2017 115,000 3.300% 282,728 680,455 749,680 1,430,135 4.04800
11/1/2017 280,8305/1/2018 110,000 3.300% 280,830 671,660 759,145 1,430,805 4.04989
11/1/2018 279,0155/1/2019 115,000 3.300% 279,015 673,030 756,205 1,429,235 4.04545
11/1/2019 277,1185/1/2020 110,000 3.300% 277,118 664,235 765,815 1,430,050 4.04776
11/1/2020 275,3035/1/2021 880,000 3.300% 275,303 1,430,605 1,430,605 4.04933
11/1/2021 260,7835/1/2022 905,000 3.300% 260,783 1,426,565 1,426,565 4.03789
11/1/2022 245,8505/1/2023 935,000 3.300% 245,850 1,426,700 1,426,700 4.03827
11/1/2023 230,4235/1/2024 965,000 3.300% 230,423 1,425,845 1,425,845 4.03585
11/1/2024 214,5005/1/2025 1,000,000 3.300% 214,500 1,429,000 1,429,000 4.04478
11/1/2025 198,0005/1/2026 1,030,000 3.300% 198,000 1,426,000 1,426,000 4.03629
11/1/2026 181,0055/1/2027 1,065,000 3.300% 181,005 1,427,010 1,427,010 4.03915
11/1/2027 163,4335/1/2028 1,100,000 3.300% 163,433 1,426,865 1,426,865 4.03874
11/1/2028 145,2835/1/2029 1,140,000 3.300% 145,283 1,430,565 1,430,565 4.04921
11/1/2029 126,4735/1/2030 1,175,000 3.300% 126,473 1,427,945 1,427,945 4.04180
11/1/2030 107,0855/1/2031 1,215,000 3.300% 107,085 1,429,170 1,429,170 4.04527
11/1/2031 87,0385/1/2032 1,255,000 3.300% 87,038 1,429,075 1,429,075 4.04500
11/1/2032 66,3305/1/2033 1,295,000 3.300% 66,330 1,427,660 1,427,660 4.04099
11/1/2033 44,9635/1/2034 1,340,000 3.300% 44,963 1,429,925 1,429,925 4.04740
11/1/2034 22,8535/1/2035 1,385,000 3.300% 22,853 1,430,705 1,430,705 4.04961
Totals: 17,240,000 7,546,935 24,786,935 3,783,810 28,570,745 4.04347-122,000 Minus Est'd Bonding Costs-293,080 Minus Est'd Underwriters Discount
16,824,920 Est'd Net Available for Project Costs1,287,360 Plus Est'd Net PPEL Note Proceeds (OR FROM CASH if available to avoid PPEL borrow)8,390,000 Plus Est'd Net Sales Tax Proceeds
26,502,280 Net Project Funds from Borrowing-26,500,000 Minus Potential "Maximum" Project Size Cost
2,280 Shortfall that must come from PPEL Borrowing, PPEL/SILO Cash accumulated,donations, grants, rebates….or, the reduction in scope of the project size
The district voted and approved the $4.05 qustion at 1999 election
CES #
5
Red Oak School District
RedOakCSD-Scenarios 8-26-2014 USE THIS GOING FORWARD.xls9/19/2014 8:04 AM Piper Jaffray Co.
Debt Service Schedule Sales Tax Revenue BondsRed Oak Community School District, IowaPrepared by: Piper Jaffray & Co.
Rates EstimatedEst'd Semi Annual Annual Plus Prior Plus TOTAL Estimated Estimated
Date Principal Interest Interest P & I Debt Annual SAVE DEBT Annual SAVE Debt ServiceMaturity Rate Payment This Issue Issued Trustee Fees OBLIGATIION Income Coverage
ASSUMING CURRENT REVENUE LEVELS7/1/2008 Assumes Dated 3/1/2015 EST'D GROWTH IN REVENUES NOT SHOWN1/1/20097/1/20091/1/20107/1/20101/1/20117/1/20111/1/20127/1/20121/1/20137/1/20131/1/20147/1/20141/1/20157/1/2015 111,358 111,358 111,358 1,050,016 9.4291/1/2016 167,0387/1/2016 540,000 3.500% 167,038 874,075 874,075 1,050,016 1.2011/1/2017 157,5887/1/2017 560,000 3.500% 157,588 875,175 875,175 1,050,016 1.2001/1/2018 147,7887/1/2018 580,000 3.500% 147,788 875,575 875,575 1,050,016 1.1991/1/2019 137,6387/1/2019 600,000 3.500% 137,638 875,275 875,275 1,050,016 1.2001/1/2020 127,1387/1/2020 620,000 3.500% 127,138 874,275 874,275 1,050,016 1.2011/1/2021 116,2887/1/2021 640,000 3.500% 116,288 872,575 872,575 1,050,016 1.2031/1/2022 105,0887/1/2022 665,000 3.500% 105,088 875,175 875,175 1,050,016 1.2001/1/2023 93,4507/1/2023 685,000 3.500% 93,450 871,900 871,900 1,050,016 1.2041/1/2024 81,4637/1/2024 710,000 3.500% 81,463 872,925 872,925 1,050,016 1.2031/1/2025 69,0387/1/2025 735,000 3.500% 69,038 873,075 873,075 1,050,016 1.2031/1/2026 56,1757/1/2026 760,000 3.500% 56,175 872,350 872,350 1,050,016 1.2041/1/2027 42,8757/1/2027 790,000 3.500% 42,875 875,750 875,750 1,050,016 1.1991/1/2028 29,0507/1/2028 815,000 3.500% 29,050 873,100 873,100 1,050,016 1.2031/1/2029 14,7887/1/2029 845,000 3.500% 14,788 874,575 874,575 1,050,016 1.2011/1/20307/1/2030 700,011
Totals: 9,545,000 2,802,158 12,347,158 0 0 12,347,158 16,450,253
ESTIMATED USES OF FUNDS ESTIMATED SOURCES OF FUNDSProject Funds Available: 8,390,000 Sales Tax Bonds: 9,545,000
Accrued Interest: 0.00Debt Service Reserve Fund: 875,750 Other SAVE Funds On Hand: ???Costs of Issuance: 97,860 Other Sources of Funds: ???Underwriting Costs: 181,355Deposit to Sinking Fund: 0.00 Earnings During Construction: ???Surplus: 35TOTAL 9,545,000 TOTAL 9,545,000
This "average rate" assumption is equivalent to the G.O. scenario, but is for a repayment that is only 14 years instead of 20 years; thus,
it is not apples-to-apples comparison of interest rates...
CES #
5
Red Oak School District
RedOakCSD-Scenarios 8-26-2014 USE THIS GOING FORWARD.xls - PPEL9/19/2014 8:04 AM Piper Jaffray Co.
Debt Service Schedule General Obligation Capital Loan NotesRed Oak Community School District, Iowa 1/1/2013 Taxable Valuation: 353,294,503Prepared by: Piper Jaffray & Co.
Taxes MUST be collected from Property Taxes (not Income Surtax) for any amount needed to repay debtRED OAK CSD's Existing Voted PPEL of $1.34 Expires FY2020 and REQUIRES at minimum 1% Income Surtax
2012 Income Surtax Paid by Red Oak CSD Taxpayers: 5,597,629Assumed 1.00% Minimum Surtax Rate Required: 1.00%
Dollars Collected from This Surtax Rate: 55,976Dollars Collected from Full Voted PPEL Rate of $1.34: 473,415
If 1% Surtax Required, Annual P&I Payment CANNOT EXCEED: 417,438
RATES ESTIMATEDESTIMATED MAXIMUM BORROWING CAPACITY for REMAINING PPEL TERM
Semi Annual Semi Annual Annual Prior Net Annual EstimatedDate Principal Interest Interest P & I P & I Outstanding P & I P & I
Maturity Rate Payment Payment This Issue P & I Payment Levy5/1/2010 Assumes Dated April 1, 2015
11/1/20105/1/2011
11/1/20115/1/2012
11/1/20125/1/2013
11/1/20135/1/2014
11/1/20145/1/2015
11/1/2015 7,553 7,5535/1/2016 265,000 0.800% 7,553 272,553 280,105 280,105 0.79284
11/1/2016 6,493 6,4935/1/2017 265,000 0.950% 6,493 271,493 277,985 277,985 0.78684
11/1/2017 5,234 5,2345/1/2018 270,000 1.100% 5,234 275,234 280,468 280,468 0.79386
11/1/2018 3,749 3,7495/1/2019 270,000 1.300% 3,749 273,749 277,498 277,498 0.78546
11/1/2019 1,994 1,9945/1/2020 275,000 1.450% 1,994 276,994 278,988 278,988 0.78967
Totals: 1,345,000 50,043 1,395,043 1,395,043 0 1,395,043 0.78973-41,500 Minus Est'd Bonding Costs-16,140 Minus Est'd Underwriters Discount
1,287,360 Est'd Net Available for Project Costs
THIS PPEL BORROWING MAY NOT BE NECESSARY. THE DISTRICT MAY HAVE SUFFICIENT CASH ACCUMULATED IN PPEL/SILO TO FUND ANY SHORTFALL IN THE OVERALL $23-26 MILLION PROJECT SCOPE. IF CASH IS USED THIS BORROWING ESTIMATE SHOULD BE REMOVED FROM THE SCENARIO
AND CASH FLOW WORKSHEET.
CES #
5
Red Oak School District
RedO
akCSD
-Scenarios 8-26-2014 USE TH
IS GO
ING
FOR
WA
RD
.xls9/19/2014 8:04 A
MPiper Jaffray
Co.
Estimated Sales Tax C
ollections 1/1/2009 Taxable Valuation:
295,190,563Actual H
istoric Annual Increase in Taxable Valuation (1995-2012):2.12%
Red O
ak Com
munity School D
istrict, Iowa
1/1/2010 Taxable Valuation:315,330,510
Annual Increase in Taxable Valuation Assumed H
ere (for PPEL):1.50%
Prepared by: Piper Jaffray & Co.
1/1/2011 Taxable Valuation:327,953,374
Current C
ash Balance, June 2013:Annual Inflation R
ate Used for Annual Expenditures:
3.00%1/1/2012 Taxable Valuation:
338,070,083 PPEL Fund
$505,5611/1/2013 Taxable Valuation:
353,294,503 SILO
Fund$1,720,479
Minim
um Future C
ash Balance Estimated:
$2,036,267Voted PPEL A
uthority for $1.34 Expires FY2020*Estim
ated Ending Balances$2,226,040
CU
RR
ENTLY SO
ME V-PPEL is collected as Incom
e SurtaxW
OR
KSH
EET ASSU
MES PPEL IS R
ENEW
ED B
EYON
D FY2020
(+)(+)
(+)(-)
(-)(-)
(-)(-)
(-)(-)
(-)(+)
(+)=
Payment
Payment
Sales TaxVoted PPEL
Board PPELR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesInterest Earned
Interest EarnedEstim
atedPaym
entC
ollectionR
eceivedEstim
ated forR
evenuesR
evenuesU
sed to U
sed toU
sed toU
sed forU
sed ForU
sed ForU
sed to U
sed ForO
n Sales TaxO
n Reserve
Excess Cash
Received
Month
by . . . C
ollectionEstim
atedEstim
atedPay 2015
Pay ExistingBuy
TechnologyAnnual
"OTH
ER"
Pay 2015Abatem
entBalance @
Balance @O
n Hand
by . . .$1.34
$0.33Sales Tax B
ondsBus Loan
BusesM
aintenanceProjects
PPEL Notes
of GO
Bonds0.50%
1.00%Jul-12
1-Sep-1265,501
9/1/2012Aug-12
1-Oct-12
65,501219,729
54,11210/1/2012
Sep-121-N
ov-1265,501
11/1/2012M
akeup1-N
ov-1279,855
11/1/2012O
ct-121-D
ec-1267,767
12/1/2012N
ov-121-Jan-13
67,7671/1/2013
Dec-12
1-Feb-1367,767
2/1/2013Jan-13
1-Mar-13
59,4973/1/2013
Feb-131-Apr-13
59,497219,729
54,1124/1/2013
Mar-13
1-May-13
59,4975/1/2013
Apr-131-Jun-13
64,1226/1/2013
May-13
1-Jul-1364,122
2,226,0407/1/2013
Jun-131-Aug-13
234,282-175,000
-250,000945
2,036,2678/1/2013
Jul-131-Sep-13
62,543865
2,099,6759/1/2013
Aug-131-O
ct-1362,543
226,50755,782
8632,445,369
10/1/2013Sep-13
1-Nov-13
62,5431,038
2,508,95111/1/2013
Makeup
1-Nov-13
56,803-376,683
2,189,07111/1/2013
Oct-13
1-Dec-13
64,707900
2,254,67812/1/2013
Nov-13
1-Jan-1464,707
0957
2,320,3431/1/2014
Dec-13
1-Feb-1464,707
9852,386,035
2/1/2014Jan-14
1-Mar-14
56,810915
2,443,7603/1/2014
Feb-141-Apr-14
56,810226,507
55,7821,038
2,783,8964/1/2014
Mar-14
1-May-14
56,810-377,870
1,1442,463,981
5/1/2014Apr-14
1-Jun-1461,226
-82,3021,046
2,443,9516/1/2014
May-14
1-Jul-1461,226
01,004
8,7582,514,940
7/1/2014Jun-14
1-Aug-14336,654
-180,250-257,500
1,0682,414,911
8/1/2014Jul-14
1-Sep-1481,957
1,0262,497,894
9/1/2014Aug-14
1-Oct-14
81,957236,707
58,2941,027
2,875,87910/1/2014
Sep-141-N
ov-1481,957
1,2212,959,058
11/1/2014M
akeup1-N
ov-1439,501
2,998,55811/1/2014
Oct-14
1-Dec-14
81,9571,232
3,081,74812/1/2014
Nov-14
1-Jan-1581,957
01,309
3,165,0141/1/2015
Dec-14
1-Feb-1581,957
1,3443,248,315
2/1/2015Jan-15
1-Mar-15
81,9571,246
3,331,5193/1/2015
Feb-151-Apr-15
81,957236,707
58,2941,415
3,709,8924/1/2015
Mar-15
1-May-15
81,9571,525
3,793,3745/1/2015
Apr-151-Jun-15
81,957-82,302
1,6113,794,640
6/1/2015M
ay-151-Jul-15
81,957-111,358
-95,0001,559
8,7583,680,556
7/1/2015Jun-15
1-Aug-1581,957
-185,658-265,225
1,5633,313,194
8/1/2015Jul-15
1-Sep-1583,668
1,4073,398,269
9/1/2015Aug-15
1-Oct-15
83,668240,258
59,1681,397
3,782,76010/1/2015
Sep-151-N
ov-1583,668
1,6063,868,034
11/1/2015M
akeup1-N
ov-1551,763
-7,5533,912,244
11/1/2015O
ct-151-D
ec-1583,668
1,6083,997,520
12/1/2015N
ov-151-Jan-16
83,668-167,038
1,6983,915,848
1/1/2016D
ec-151-Feb-16
83,6681,663
4,001,1792/1/2016
Jan-161-M
ar-1683,668
1,5904,086,437
3/1/2016Feb-16
1-Apr-1683,668
240,25859,168
1,7354,471,266
4/1/2016M
ar-161-M
ay-1683,668
-272,5531,838
4,284,2205/1/2016
Apr-161-Jun-16
83,6681,819
4,369,7076/1/2016
May-16
1-Jul-1683,668
-707,038-97,850
1,7968,758
3,659,0417/1/2016
Jun-161-Aug-16
83,668-191,227
-273,1821,554
3,279,8548/1/2016
Jul-161-Sep-16
86,3651,393
3,367,6129/1/2016
Aug-161-O
ct-1686,365
243,86260,056
1,3843,759,278
10/1/2016Sep-16
1-Nov-16
86,3651,596
3,847,23911/1/2016
Makeup
1-Nov-16
52,843-6,493
3,893,59011/1/2016
Oct-16
1-Dec-16
86,3651,600
3,981,55512/1/2016
Assumed new
bus purchase
every year, plus inflation, once
existing bus loan is retired...
Sales Tax Bond payments w
ould likely be transferred in MO
NTHLY
pro-rata amounts ahead of paym
ents. This worksheet show
s the paym
ents being made on their due date for sim
plicity...
Ongoing expenditures for transportation, technology &
maintenance
shown here are assum
ptions. Red Oak CSD has been spending an
average of around $800,000 annually over the past 4 years on such item
s....changes to this assumption w
ill impact the am
ount of SILO
Bond borrowing perm
itted as well as the ability to continue to abate
the G.O. Bond levy, if desired...
Currently it is assum
ed that the abatem
ent of the G.O
. Bonds does not continue
beyond FY2014. If it does, then
there may not be
sufficient revenues to fund the entire 2015-
2017 project from
sales tax and/or PPEL borrow
ings added to the G.O
. Bond.
CES #
5
Red Oak School District
RedO
akCSD
-Scenarios 8-26-2014 USE TH
IS GO
ING
FOR
WA
RD
.xls9/19/2014 8:04 A
MPiper Jaffray
Co.
(+)(+)
(+)(-)
(-)(-)
(-)(-)
(-)(-)
(-)(+)
(+)=
Payment
Payment
Sales TaxVoted PPEL
Board PPELR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesInterest Earned
Interest EarnedEstim
atedPaym
entC
ollectionR
eceivedEstim
ated forR
evenuesR
evenuesU
sed to U
sed toU
sed toU
sed forU
sed ForU
sed ForU
sed to U
sed ForO
n Sales TaxO
n Reserve
Excess Cash
Received
Month
by . . . C
ollectionEstim
atedEstim
atedPay 2015
Pay ExistingBuy
TechnologyAnnual
"OTH
ER"
Pay 2015Abatem
entBalance @
Balance @O
n Hand
by . . .$1.34
$0.33Sales Tax B
ondsBus Loan
BusesM
aintenanceProjects
PPEL Notes
of GO
Bonds0.50%
1.00%N
ov-161-Jan-17
86,365-157,588
1,6913,912,023
1/1/2017D
ec-161-Feb-17
86,3651,661
4,000,0492/1/2017
Jan-171-M
ar-1786,365
1,5344,087,948
3/1/2017Feb-17
1-Apr-1786,365
243,86260,056
1,7364,479,967
4/1/2017M
ar-171-M
ay-1786,365
-271,4931,841
4,296,6805/1/2017
Apr-171-Jun-17
86,3651,825
4,384,8706/1/2017
May-17
1-Jul-1786,365
-717,588-100,786
1,8028,758
3,663,4217/1/2017
Jun-171-Aug-17
86,365-196,964
-281,3771,556
3,273,0008/1/2017
Jul-171-Sep-17
89,2111,390
3,363,6019/1/2017
Aug-171-O
ct-1789,211
247,52060,956
1,3823,762,670
10/1/2017Sep-17
1-Nov-17
89,2111,598
3,853,47811/1/2017
Makeup
1-Nov-17
54,546-5,234
3,902,79111/1/2017
Oct-17
1-Dec-17
89,2111,604
3,993,60512/1/2017
Nov-17
1-Jan-1889,211
-147,7881,696
3,936,7241/1/2018
Dec-17
1-Feb-1889,211
1,6724,027,607
2/1/2018Jan-18
1-Mar-18
89,2111,545
4,118,3623/1/2018
Feb-181-Apr-18
89,211247,520
60,9561,749
4,517,7984/1/2018
Mar-18
1-May-18
89,211-275,234
1,8574,333,631
5/1/2018Apr-18
1-Jun-1889,211
1,8404,424,682
6/1/2018M
ay-181-Jul-18
89,211-727,788
-103,8091,818
8,7583,692,872
7/1/2018Jun-18
1-Aug-1889,211
-202,873-289,819
1,5683,290,959
8/1/2018Jul-18
1-Sep-1890,995
1,3983,383,351
9/1/2018Aug-18
1-Oct-18
90,995251,233
61,8711,390
3,788,84010/1/2018
Sep-181-N
ov-1890,995
1,6093,881,444
11/1/2018M
akeup1-N
ov-1856,344
-3,7493,934,038
11/1/2018O
ct-181-D
ec-1890,995
1,6174,026,650
12/1/2018N
ov-181-Jan-19
90,995-137,638
1,7103,981,717
1/1/2019D
ec-181-Feb-19
90,9951,691
4,074,4032/1/2019
Jan-191-M
ar-1990,995
1,5634,166,960
3/1/2019Feb-19
1-Apr-1990,995
251,23361,871
1,7704,572,828
4/1/2019M
ar-191-M
ay-1990,995
-273,7491,879
4,391,9535/1/2019
Apr-191-Jun-19
90,9951,865
4,484,8136/1/2019
May-19
1-Jul-1990,995
-737,638-106,923
1,8438,758
3,741,8487/1/2019
Jun-191-Aug-19
90,995-208,959
-298,5131,589
3,326,9598/1/2019
Jul-191-Sep-19
92,8151,413
3,421,1879/1/2019
Aug-191-O
ct-1992,815
255,00162,799
1,4063,833,207
10/1/2019Sep-19
1-Nov-19
92,8151,628
3,927,65011/1/2019
Makeup
1-Nov-19
57,470-1,994
3,983,12611/1/2019
Oct-19
1-Dec-19
92,8151,637
4,077,57812/1/2019
Nov-19
1-Jan-2092,815
-127,1381,732
4,044,9871/1/2020
Dec-19
1-Feb-2092,815
1,7184,139,519
2/1/2020Jan-20
1-Mar-20
92,8151,644
4,233,9783/1/2020
Feb-201-Apr-20
92,815255,001
62,7991,798
4,646,3914/1/2020
Mar-20
1-May-20
92,815-276,994
1,9094,464,121
5/1/2020Apr-20
1-Jun-2092,815
1,8964,558,832
6/1/2020M
ay-201-Jul-20
92,815-747,138
-110,1311,873
8,7583,805,009
7/1/2020Jun-20
1-Aug-2092,815
-215,228-307,468
1,6163,376,743
8/1/2020Jul-20
1-Sep-2094,671
1,4343,472,848
9/1/2020Aug-20
1-Oct-20
94,671258,826
63,7411,427
3,891,51310/1/2020
Sep-201-N
ov-2094,671
1,6533,987,836
11/1/2020M
akeup1-N
ov-2058,620
4,046,45611/1/2020
Oct-20
1-Dec-20
94,6711,663
4,142,79012/1/2020
Nov-20
1-Jan-2194,671
-116,2881,759
4,122,9331/1/2021
Dec-20
1-Feb-2194,671
1,7514,219,355
2/1/2021Jan-21
1-Mar-21
94,6711,618
4,315,6443/1/2021
Feb-211-Apr-21
94,671258,826
63,7411,833
4,734,7154/1/2021
Mar-21
1-May-21
94,6711,946
4,831,3315/1/2021
Apr-211-Jun-21
94,6712,052
4,928,0546/1/2021
May-21
1-Jul-2194,671
-756,288-113,435
2,0258,758
4,163,7857/1/2021
Jun-211-Aug-21
94,671-221,685
-316,6931,768
3,721,8478/1/2021
Jul-211-Sep-21
96,5641,581
3,819,9929/1/2021
Aug-211-O
ct-2196,564
262,70864,697
1,5704,245,532
10/1/2021Sep-21
1-Nov-21
96,5641,803
4,343,89911/1/2021
Makeup
1-Nov-21
59,7924,403,691
11/1/2021O
ct-211-D
ec-2196,564
1,8104,502,065
12/1/2021
CES #
5
Red Oak School District
RedO
akCSD
-Scenarios 8-26-2014 USE TH
IS GO
ING
FOR
WA
RD
.xls9/19/2014 8:04 A
MPiper Jaffray
Co.
(+)(+)
(+)(-)
(-)(-)
(-)(-)
(-)(-)
(-)(+)
(+)=
Payment
Payment
Sales TaxVoted PPEL
Board PPELR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesInterest Earned
Interest EarnedEstim
atedPaym
entC
ollectionR
eceivedEstim
ated forR
evenuesR
evenuesU
sed to U
sed toU
sed toU
sed forU
sed ForU
sed ForU
sed to U
sed ForO
n Sales TaxO
n Reserve
Excess Cash
Received
Month
by . . . C
ollectionEstim
atedEstim
atedPay 2015
Pay ExistingBuy
TechnologyAnnual
"OTH
ER"
Pay 2015Abatem
entBalance @
Balance @O
n Hand
by . . .$1.34
$0.33Sales Tax B
ondsBus Loan
BusesM
aintenanceProjects
PPEL Notes
of GO
Bonds0.50%
1.00%N
ov-211-Jan-22
96,564-105,088
1,9124,495,454
1/1/2022D
ec-211-Feb-22
96,5641,909
4,593,9272/1/2022
Jan-221-M
ar-2296,564
1,7624,692,254
3/1/2022Feb-22
1-Apr-2296,564
262,70864,697
1,9935,118,216
4/1/2022M
ar-221-M
ay-2296,564
2,1035,216,884
5/1/2022Apr-22
1-Jun-2296,564
2,2155,315,664
6/1/2022M
ay-221-Jul-22
96,564-770,088
-116,8382,185
8,7584,536,245
7/1/2022Jun-22
1-Aug-2296,564
-228,335-326,193
1,9264,080,207
8/1/2022Jul-22
1-Sep-2298,496
1,7334,180,435
9/1/2022Aug-22
1-Oct-22
98,496266,649
65,6671,718
4,612,96510/1/2022
Sep-221-N
ov-2298,496
1,9594,713,420
11/1/2022M
akeup1-N
ov-2260,988
4,774,40811/1/2022
Oct-22
1-Dec-22
98,4961,962
4,874,86612/1/2022
Nov-22
1-Jan-2398,496
-93,4502,070
4,881,9821/1/2023
Dec-22
1-Feb-2398,496
2,0734,982,550
2/1/2023Jan-23
1-Mar-23
98,4961,911
5,082,9573/1/2023
Feb-231-Apr-23
98,496266,649
65,6672,159
5,515,9284/1/2023
Mar-23
1-May-23
98,4962,267
5,616,6905/1/2023
Apr-231-Jun-23
98,4962,385
5,717,5716/1/2023
May-23
1-Jul-2398,496
-778,450-120,343
2,3508,758
4,928,3817/1/2023
Jun-231-Aug-23
98,496-235,185
-335,9792,093
4,457,8058/1/2023
Jul-231-Sep-23
100,4661,893
4,560,1649/1/2023
Aug-231-O
ct-23100,466
270,64966,652
1,8744,999,804
10/1/2023Sep-23
1-Nov-23
100,4662,123
5,102,39311/1/2023
Makeup
1-Nov-23
62,2085,164,601
11/1/2023O
ct-231-D
ec-23100,466
2,1225,267,189
12/1/2023N
ov-231-Jan-24
100,466-81,463
2,2375,288,429
1/1/2024D
ec-231-Feb-24
100,4662,246
5,391,1402/1/2024
Jan-241-M
ar-24100,466
2,1425,493,748
3/1/2024Feb-24
1-Apr-24100,466
270,64966,652
2,3335,933,847
4/1/2024M
ar-241-M
ay-24100,466
2,4396,036,752
5/1/2024Apr-24
1-Jun-24100,466
2,5646,139,781
6/1/2024M
ay-241-Jul-24
100,466-791,463
-123,9532,523
8,7585,336,111
7/1/2024Jun-24
1-Aug-24100,466
-242,241-346,058
2,2664,850,543
8/1/2024Jul-24
1-Sep-24102,475
2,0604,955,078
9/1/2024Aug-24
1-Oct-24
102,475274,709
67,6522,036
5,401,95010/1/2024
Sep-241-N
ov-24102,475
2,2945,506,719
11/1/2024M
akeup1-N
ov-2463,452
5,570,17111/1/2024
Oct-24
1-Dec-24
102,4752,289
5,674,93512/1/2024
Nov-24
1-Jan-25102,475
-69,0382,410
5,710,7821/1/2025
Dec-24
1-Feb-25102,475
2,4255,815,682
2/1/2025Jan-25
1-Mar-25
102,4752,231
5,920,3883/1/2025
Feb-251-Apr-25
102,475274,709
67,6522,514
6,367,7374/1/2025
Mar-25
1-May-25
102,4752,617
6,472,8295/1/2025
Apr-251-Jun-25
102,4752,749
6,578,0536/1/2025
May-25
1-Jul-25102,475
-804,038-127,672
2,7038,758
5,760,2797/1/2025
Jun-251-Aug-25
102,475-249,508
-356,4402,446
5,259,2528/1/2025
Jul-251-Sep-25
104,5242,233
5,366,0109/1/2025
Aug-251-O
ct-25104,524
278,82968,667
2,2055,820,235
10/1/2025Sep-25
1-Nov-25
104,5242,472
5,927,23111/1/2025
Makeup
1-Nov-25
64,7215,991,952
11/1/2025O
ct-251-D
ec-25104,524
2,4626,098,939
12/1/2025N
ov-251-Jan-26
104,524-56,175
2,5906,149,879
1/1/2026D
ec-251-Feb-26
104,5242,612
6,257,0152/1/2026
Jan-261-M
ar-26104,524
2,4006,363,939
3/1/2026Feb-26
1-Apr-26104,524
278,82968,667
2,7026,818,662
4/1/2026M
ar-261-M
ay-26104,524
2,8026,925,989
5/1/2026Apr-26
1-Jun-26104,524
2,9417,033,454
6/1/2026M
ay-261-Jul-26
104,524-816,175
-131,5022,890
8,7586,201,949
7/1/2026Jun-26
1-Aug-26104,524
-256,993-367,133
2,6345,684,981
8/1/2026Jul-26
1-Sep-26106,615
2,4145,794,010
9/1/2026Aug-26
1-Oct-26
106,615283,012
69,6972,381
6,255,71410/1/2026
Sep-261-N
ov-26106,615
2,6576,364,986
11/1/2026M
akeup1-N
ov-2666,015
6,431,00111/1/2026
Oct-26
1-Dec-26
106,6152,643
6,540,25912/1/2026
Nov-26
1-Jan-27106,615
-42,8752,777
6,606,7761/1/2027
CES #
5
Red Oak School District
RedO
akCSD
-Scenarios 8-26-2014 USE TH
IS GO
ING
FOR
WA
RD
.xls9/19/2014 8:04 A
MPiper Jaffray
Co.
(+)(+)
(+)(-)
(-)(-)
(-)(-)
(-)(-)
(-)(+)
(+)=
Payment
Payment
Sales TaxVoted PPEL
Board PPELR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesR
evenuesInterest Earned
Interest EarnedEstim
atedPaym
entC
ollectionR
eceivedEstim
ated forR
evenuesR
evenuesU
sed to U
sed toU
sed toU
sed forU
sed ForU
sed ForU
sed to U
sed ForO
n Sales TaxO
n Reserve
Excess Cash
Received
Month
by . . . C
ollectionEstim
atedEstim
atedPay 2015
Pay ExistingBuy
TechnologyAnnual
"OTH
ER"
Pay 2015Abatem
entBalance @
Balance @O
n Hand
by . . .$1.34
$0.33Sales Tax B
ondsBus Loan
BusesM
aintenanceProjects
PPEL Notes
of GO
Bonds0.50%
1.00%D
ec-261-Feb-27
106,6152,806
6,716,1972/1/2027
Jan-271-M
ar-27106,615
2,5766,825,388
3/1/2027Feb-27
1-Apr-27106,615
283,01269,697
2,8987,287,609
4/1/2027M
ar-271-M
ay-27106,615
2,9957,397,219
5/1/2027Apr-27
1-Jun-27106,615
3,1417,506,975
6/1/2027M
ay-271-Jul-27
106,615-832,875
-135,4473,085
8,7586,657,111
7/1/2027Jun-27
1-Aug-27106,615
-264,703-378,147
2,8276,123,702
8/1/2027Jul-27
1-Sep-27108,747
2,6006,235,050
9/1/2027Aug-27
1-Oct-27
108,747287,257
70,7422,562
6,704,35810/1/2027
Sep-271-N
ov-27108,747
2,8476,815,953
11/1/2027M
akeup1-N
ov-2767,336
6,883,28811/1/2027
Oct-27
1-Dec-27
108,7472,829
6,994,86412/1/2027
Nov-27
1-Jan-28108,747
-29,0502,970
7,077,5321/1/2028
Dec-27
1-Feb-28108,747
3,0067,189,285
2/1/2028Jan-28
1-Mar-28
108,7472,856
7,300,8883/1/2028
Feb-281-Apr-28
108,747287,257
70,7423,100
7,770,7344/1/2028
Mar-28
1-May-28
108,7473,193
7,882,6755/1/2028
Apr-281-Jun-28
108,7473,347
7,994,7706/1/2028
May-28
1-Jul-28108,747
-844,050-139,511
3,2868,758
7,131,9997/1/2028
Jun-281-Aug-28
108,747-272,644
-389,4923,029
6,581,6398/1/2028
Jul-281-Sep-28
110,9222,795
6,695,3569/1/2028
Aug-281-O
ct-28110,922
291,56671,803
2,7527,172,399
10/1/2028Sep-28
1-Nov-28
110,9223,046
7,286,36711/1/2028
Makeup
1-Nov-28
68,6827,355,049
11/1/2028O
ct-281-D
ec-28110,922
3,0237,468,994
12/1/2028N
ov-281-Jan-29
110,922-14,788
3,1727,568,301
1/1/2029D
ec-281-Feb-29
110,9223,214
7,682,4372/1/2029
Jan-291-M
ar-29110,922
2,9477,796,305
3/1/2029Feb-29
1-Apr-29110,922
291,56671,803
3,3118,273,907
4/1/2029M
ar-291-M
ay-29110,922
3,4008,388,230
5/1/2029Apr-29
1-Jun-29110,922
3,5628,502,714
6/1/2029M
ay-291-Jul-29
110,922-859,788
-143,6963,494
884,5088,498,155
7/1/2029Jun-29
1-Aug-29110,922
-280,824-401,177
3,6097,930,685
8/1/2029Jul-29
1-Sep-29110,922
3,3688,044,975
9/1/2029Aug-29
1-Oct-29
110,922295,939
72,8813,306
8,528,02310/1/2029
Sep-291-N
ov-29110,922
3,6218,642,567
11/1/2029M
akeup1-N
ov-2970,056
8,712,62311/1/2029
Oct-29
1-Dec-29
110,9223,581
8,827,12612/1/2029
Nov-29
1-Jan-30110,922
3,7498,941,796
1/1/2030D
ec-291-Feb-30
110,9223,797
9,056,5162/1/2030
Jan-301-M
ar-303,474
9,059,9893/1/2030
Feb-301-Apr-30
295,93972,881
3,8479,432,656
4/1/2030M
ar-301-M
ay-303,876
9,436,5335/1/2030
Apr-301-Jun-30
4,0079,440,540
6/1/2030M
ay-301-Jul-30
-148,0073,880
9,296,4137/1/2030
Jun-301-Aug-30
-289,248-413,212
3,9488,597,900
8/1/2030Jul-30
1-Sep-303,651
8,601,5529/1/2030
Aug-301-O
ct-3073,974
3,5358,679,060
10/1/2030Sep-30
1-Nov-30
3,6868,682,746
11/1/2030M
akeup1-N
ov-3035,028
8,717,77411/1/2030
Totals:23,646,807
10,200,0162,585,918
-12,347,158-164,604
-1,914,904-4,097,526
-5,853,6090
-1,395,043-754,553
445,4181,015,870