ESPLOST Update

Savannah-Chatham County Public SchoolsMay 17, 2006

Guiding Principles

Provide Safe and Efficient facilities for students

Provide adequate facilities in areas of growth in county

Provide comprehensive upgrades to existing facilities where most needed

Guiding Principles

Provide District-Wide Academic Technology upgrade

Provide opportunity for significant debt reduction

Provide a revenue stream for facilities which is approximately 38% funded by visitors of Chatham County

Revenue Projections

Based on a September 2006 ESPLOST election and proceeds to district beginning in March 2007

Based on County’s historical SPLOST collections, an annual growth rate of 3% was used to project revenues

Revenue Projections

Calendar Year Collections Months

2007 $ 41,534,658 9

2008 $ 57,040,930 12

2009 $ 58,752,158 12

2010 $ 60,514,723 12

2011 $ 62,330,165 12

2012 $ 16,050,018 3

  $ 296,222,652 60

ESPLOST Update

Staff reviewed entire project list and prioritized schools by each category (Electrical, HVAC, Roofing, etc…) to assess where the greatest needs were in the district for upgrades, additions and modifications.

Safety and Security remained a top priority

ESPLOST Update

Total Project List $ 218,159,925

G.O. Bond Debt Reduction $ 67,372,185

Academic Technology Upgrade $ 20,000,000

Program Management $ 5,000,000

Total Proposed Expenditures $ 310,532,110

Total Projected Revenues $ 296,222,562

*Other funding such as state entitlement funds or capital improvement grants may be used in conjunction with ESPLOST

ESPLOST Update

New Schools Elementary School Middle School Begin Work on New High School

ESPLOST Update

Replacement Schools Beach High School Butler Elementary School Gadsden Elementary School Oglethorpe Charter Middle School Pulaski Elementary School

ESPLOST Update

Classroom Additions May Howard Elementary Isle of Hope Elementary Windsor Elementary Windsor High School

ESPLOST Update

School Modifications Hesse Elementary School Low Elementary School Mercer Middle School White Bluff Elementary School

ESPLOST Update

Additional Projects Conversion of Tompkins Middle to a

Technical High School Oatland Island Renovations and

Upgrades (Science Center) Massie Heritage Center Renovations

and Upgrades

ESPLOST Update

Existing Site Upgrades Electrical Upgrades Flooring / Painting ADA Requirement Upgrades Mechanical Upgrades Site Work Specialties / Signs Roofing Upgrades Local School Requests Security Equipment Classroom Furniture Upgrades Food Service Equipment Upgrades

ESPLOST Update

Next Steps Staff continues to review all items on

project list to ensure that most pressing facility needs are addressed

Board would need to pass a resolution in June to allow time for campaign leading up to a September election

ESPLOST Update

Board Discussion / Direction