community bond advisory committee bond...

K A T Y I N D E P E N D E N T S C H O O L D I S T R I C T

Community Bond Advisory CommitteeBond Package Recommendation

Presentation to the Katy ISD Board of TrusteesJuly 17, 2017

Keith Carmichael, Bond Committee ChairmanChristopher J. Smith, Chief Financial Officer

COMMITTEE CHAIRMAN

2017 Community Bond Advisory Committee (CBAC)

WHO ARE WE?

• Community members volunteered more than 1,056,073 hours to Katy ISD schools this past year!

• The Katy community is home to hundreds of local civic, community and parent groups.


WHO ARE WE?

Our students outperform their peers in the state and region with an 89% performance rating on the Student Achievement Index (compared to the state average of 73%).


For14 years, the Katy community has been named as one of the “Best Communities for Music Education” in the U.S.

Graduating seniors were offered more than $25 MM in scholarships to colleges and universities across the country

89 $25 14p e rc e n t m i l l i o n ye a r s

*2015-16 rating

KATY ISD

WHO ARE WE?


KATY ISD

Student enrollment has grown on average by 2,800 annually over the past 5 years!


KATY ISD

This is what Seven Lakes and WoodCreek junior high enrollment numbers would have looked like, had Tays JH not been built as part of the 2014 Bond


School 2016Enrollment

2017Enrollment

Seven Lakes Junior High 2,105 2,300WoodCreek Junior High 2,263 2,663

Design capacity for Katy ISD junior high schools is 1,400 students.

KATY ISDK A T Y I N D E P E N D E N T S C H O O L D I S T R I C T

97of 2014 Bond Projects are Completed or in Progress

p e rc e n t

2014 Bond included: 6 new schools, 6 comprehensive renovations, technology, safety & security, Legacy Stadium and Agricultural Sciences Center

Only one major facility project left to complete:

• Ag Sciences Center(Scheduled completion date: December 2018)


Bond Year & Authorization Schools & Facilities Built

1994Enrollment: 23,950

Hayes Elementary (1995); McRoberts Elementary (1997); Alexander Elementary (1998);Beck Junior High (1996); Katy Junior High (1995); Memorial Parkway Elementary Renovation;Katy & Taylor High School Phase 1 Renovations; Katy Elementary Expansion; Gyms at Mayde Creek Junior High & West Memorial Junior High


Creech Elementary (2000); Williams Elementary (2000); McMeans Junior High (2000);Cinco Ranch High School (1999); Katy & Taylor High Schools Phase 2 Renovations; Mayde Creek High School Renovation; Other minor renovations, carpet, etc.


King Elementary (2001); Kilpatrick Elementary (2003); Schmalz Elementary (2001)Cinco Ranch Junior High (2001); Morton Ranch Junior High (2003); Morton Ranch High School (2004); Cinco Ranch High School 9th Grade Ctr. & PAC; Mayde Creek High School 9th Grade Ctr. & PAC; Taylor High School: 9th Grade Center, Parking Garage & PAC; Katy High School Expansion & PAC; Junior High Music Room Additions to Beck Junior High, Katy Junior High, Mayde Creek Junior High, McDonald Junior High, Memorial Parkway Junior High & West Memorial JuniorHigh; Education Support Complex; Law Enforcement Center; Maintenance & Operations CenterFranz Road Complex Renovations; Ag Sciences Complex Phase I & II

chart 1 of 3




Rylander Elementary (2004); Exley Elementary (2004); Rhoads Elementary (2004); Franz Elementary (2004); Griffin Elementary (2006); Stephens Elementary (2007); WoodCreek Elementary (2007); Beckendorff Junior High (2004); Seven Lakes High School & 9th Grade Center (2005); Cinco Ranch High Gym; West Memorial Elementary Open/Closed Concept; Ag Sciences Complex (barns 5 & 6); Weight Room Expansion to Beck Junior High, Katy Junior High, McDonald Junior High, Memorial Parkway Junior High; Renovations at Hutsell;Cimarron; Nottingham; Pattison Elementary; Miller Career & Technology Center (Renovations completed in 2006 bond.)


Morton Ranch Elementary (2008); Holland Elementary (2008); Stanley Elementary (2009)Cardiff Junior High (2008); WoodCreek Junior High (2008); Morton Ranch High School 9th Grade Center (2008); Taylor High & Katy High Baseball Renovations; Mayde Creek High Natatorium; Sundown & Mayde Creek Elementary Addition/Renovations; Bear Creek & Winborn Elementary Renovations; Raines High School & Opportunity Awareness Center Expansion; Miller Career & Technology Center Expansion; South Transportation Phase 1; East Transportation Renovation

chart 2 of 3




Shafer Elementary (2012); Wilson Elementary (2012); Wolfe Elementary (2012);Wolman Elementary (2012); Davidson Elementary (2014); Randolph Elementary (2014);Seven Lakes Junior High (2012);Tompkins High School, Ag Barn & 9th Grade Center (2013)Katy High School West Campus; Taylor High School Renovations; West Memorial & MaydeCreek Junior High Renovations; High School Performing Arts Center Retrofits – Katy High School, Taylor High School, Mayde Creek High School, Cinco Ranch High School


Bethke Elementary (2016); Jenks Elementary (2016); Tays Junior High (2016); Bryant Elementary (2017); Stockdick Junior High (2017); Paetow High School (2017); LegacyStadium (2017); Renovations Cimarron Elementary, Golbow Elementary, Memorial Parkway Elementary, Pattison Elementary, Memorial Parkway Junior High, Mayde Creek High School Renovations; Safety and security upgrades; Technology

chart 3 of 3


Purpose:The purpose of the 2017 Community Bond Advisory Committee (CBAC) shall be to review the need for capital projects, timelines, and costs. The CBAC counsels and provides input to the administration and presents findings and a bond recommendation to the Board of Trustees for their consideration.


Representatives from every school feeder pattern

PTA members TeachersParentsGrandparents StudentsAccountants Engineers Faith-based leaders

Project managers IT professionalsMedical professionalsContractorsRetired educators Principals MarketingRealtorsRetireesOther parents, residents &

professionals

Cross-Section of Community Members and Perspectives


Kristin AbelRobin AcevedoJoseph AlessiDeeanna AntoshSylvester AnyantiYamilet Arroyo BatizChristopher BaileySusan BanksCarolyn BauerschlagJamie BorhamAlexa BowersMartha BrownBrent BuchananEbony BucknerSamantha BuentelloClen BurtonKarsen CallicottTiffany CallicottKeith Carmichael

Dawn ChampagneMarla ChavezJaclyn ClementsStephanie ClickRhedonda CoxMalanie DubendorffEddie DuggerJaime FallonKerri FinnesandRobert FlingKandice FogleKatherine GalpinSherry GannonJennifer GawneCheryl GlasserHeather GowerRichard GrassauAaron GroffBeth Anne Gunn

Dean HaefnerMaddie Grace HardegreeMaria HardegreeDeb HaringChristopher HarrisJonathan HartMark HopkinsJay JacksonAllason JamesMichelle JeffreyLiz JohnsonDavina JoshuaMalcolm JuniorAlexa KellerJohn KellyJerry KrollValerie Kuykendall-RogersLance LaCourBecky Latta

Jacob LeBlancCarrie LoweryJennifer LowryKenneth MartinecJeffrey MartinezLisa MartinezShani MathesonBridget McDonaldMichala McWhirterSindhu MenonDouglas MillerJohn MitchellClauvis MoreWilliam MorganStan MoskalMaurice MullalyVeronica MullenixMelissa NixonDennis Nuss

Kevin OtaKristi PanahiTae ParkAtzimba PatersonPaul PattersonMark PazicniLee PenaVincent PenaNannette RayJacob RedlandAnthony RiveraDizaree SandbergEd SarllsJennifer SchneiderKarri SchneiderDionne SeligKarla SelmanScott ShieldsJennifer Skelton

Andrew SmithGrant SmithJoel SotoGregory SpichigerLeslie StarckeLeslea Stock-LopezPhilip StrimbuTammy StringerTina ThadhaniFelicia ThomasFlora TiedtMargaret ValliRosendo VillarrealLillian WanjagiJennifer WauhobKendrick WhiteRobert WillebyJessica WilsonLeah Wilson


A Community Investment of Time and Talent…

Number of Committee Members

Number of Decision Points

Reviewed

114 56


A Community Investment of Time and Talent…

Number of Months Spent on

Projects

Number of Meetings

Number of Collective Hours Volunteered to

Develop the Bond Package

3 9 3,500+


The Bond Development ProcessPlanning and Learning Deliberations

Committee Approved Decision-Making Model(April 3, 2014)


COMMITTEE APPROVED

DECISION-MAKING MODEL

(APRIL 4, 2017)

Consensus

80% Rule

Vote

SUSTAINABLE DECISION

SUPER MAJORITY OF

2/3


2017 Projects and Priorities Presented to the Committee

332 $735.4 MM

Number of projects

Total $ amount of all projects considered

*this figure does not represent the total for the recommended bond package.


Results

Consensus on a final bond package recommendation

Keith Carmichael, Bond Committee Chairman


Community Bond Advisory Committee 2017 Bond Package Recommendation

New Schools $448,677,921 74%Comprehensive Renovation $20,854,960 3%Component Replacements $51,983,894 9%School Expansions $15,414,210 3%Safety & Security Improvements $16,710,436 3%

Technology $31,692,694 5%Other- buses, portables, & fuel tanks $23,870,438 4%Total $609,204,553 100%


2017 Bond Package Recommendation

239Number of Projects

Included in the Bond Package



74% 17%

5%

4%

$448.6 MM1 High School2 Junior High Schools3 Elementary Schools+ school infrastructure for new & existing

$20.1 MM Comprehensive Renovation - Fielder Elementary $51.9 MM Component Replacements - 61 campuses & facilities$15.4 MM School Expansions - Raines HS, Katy HS Career & Tech $16.7 MM Safety & Security Improvements - 40 campuses

$31.6 MM Technology Upgrades at 27 campuses, districtwide network infrastructure

$23.8 MM Other- Buses, portables to replace aging ones, fuel storage tank replacements

TOTAL: $609.2 MM


8,900 seats

The number of classroom seats* thatwill be added over the next 3 years with this bond


*The 2017 bond package includes 6 new schools.


A Look Inside Recommended Campus Projects

Fielder Elementary Classroom Renovation Projects


A Look Inside Recommended Campus Projects

Katy High School Career & Technical Education Classroom Renovation Projects


2014 Bond - A Look at a Campus RenovationBEFORE

Original Memorial Parkway Junior High Front Entry

AFTERNew Memorial Parkway Junior High

Front Entry

2017 Proposed

Bond Projects by Location

Map represents distribution of facilities w/proposed bond construction projects, and is not designed to represent a comparison of project scope.

CHIEF FINANCIAL OFFICER

2017 Bond

2017 BOND


Tax Rate Impact

Tax Rate Impact 2014 2017

Projected1/2 cent

INCREASE0 cents(ZERO)

ACTUALDECREASE of 1 cent


Katy ISD Tax Rate 2006 - 2017

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

$2.00

05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17

$1.5266 tax rate for eight years in a row then $0.01 decrease in last two years

$2.00

$1.5266

$1.815

$1.5266 $1.5266 $1.5266 $1.5266 $1.5266 $1.5266 $1.5266$1.5166 $1.5166


Values and Tax Rates

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

2012-2013

2013-2014

2014-2015

2015-2016

2016-2017

Avg. MarketValue

$164,836 $169,345 $180,146 $187,928 $194,676 $198,271 $201,835 $205,870 $215,269 $240,428 $274,385 $279,498

Avg. Taxable Value

$149,836 $154,345 $165,146 $172,928 $179,676 $183,271 $186,835 $190,870 $200,269 $225,428 $249,385 $254,498

Tax Rate $2.0000 $1.8150 $1.5266 $1.5266 $1.5266 $1.5266 $1.5266 $1.5266 $1.5266 $1.5266 $1.5166 $1.5166

Taxes $2,997 $2,801 $2,521 $2,640 $2,743 $2,798 $2,852 $2,914 $3,057 $3,441 $3,782 $3,860

Increase (decrease)

onAverage

Residence

($196) ($280) $119 $103 $55 $54 $62 $143 $384 $341 $78

2016 District Tax =

$3,860

for sale

2011 District Tax =

$2,852


Katy ISD Tax Illustration 2011 - 2016

Tax increase of $1,008since 2011

Equity increase of$77,663 since 2011


Appraised Values: History & ProjectionsTax SchoolYear Year % Change

2021 2021-22 6.0%2020 2020-21 6.0%2019 2019-20 8.0%2018 2018-19 8.0%2017 2017-18 6.2%2016 2016-17 10.6%2015 2015-16 15.0%2014 2014-15 17.8%2013 2013-14 10.0%2012 2012-13 6.5%2011 2011-12 4.6%2010 2010-11 1.5%2009 2009-10 4.5%2008 2008-09 15.5%2007 2007-08 15.5%2006 2006-07 10.4%2005 2005-06 8.2%2004 2004-05 8.4%2003 2004-05 9.6%

15 Year Historic Average 9.6%15 Year Historic Median 9.6%

912,070,350

9,870,921,62410,817,988,156 947,066,532

50,653,416,096 2,867,174,496

958,453,52912,688,512,03514,003,603,902

907,596,085302,276,787844,524,428

16,171,736,868

20,727,521,751

2,200,171,8791,355,737,360

18,673,124,451 2,501,387,5832,168,132,9661,315,091,867

Increase

2,250,000,0003,495,574,8724,298,554,0474,322,440,091

3,092,000,0003,339,360,0002,704,881,600

Appraised Value

36,400,000,000

19,517,648,879

32,904,425,12828,605,871,08124,283,430,99022,083,259,111

19,819,925,666

38,650,000,00041,742,000,00045,081,360,000

11,730,058,506

47,786,241,600


$609.2 Million – Tax Rate Projection

$0.000

$0.050

$0.100

$0.150

$0.200

$0.250

$0.300

$0.350

$0.400

$0.450

$0.500

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

Capacity

Existing Debt

$609.2 MM


Debt Management Tools

• Bond Refundings - Gross Savings of $69.7 Million

• Bond Defeasances - Interest Savings of $17 Million

• Build America Bonds - $3 Million/year

• Interest Income - Goes to debt service

• Fund Balance - $52.1 Million


Bond Now vs. Bond Later

• Construction Inflation Risk• Interest Rate Risk• Additional Pressure on General Fund• Overcrowding of Students

COMMITTEE CHAIRMAN

2017 Community Bond Advisory Committee (CBAC)


Last Day to Call an Election: August 21, 2017Last Day to Register to Vote: October 10, 2017Early Voting: October 23 - November 3, 2017

Election Day: November 7, 2017

FOR MORE INFORMATION ABOUT THE COMMITTEE’S RECOMMENDATION:

• VISIT www.katyisd.org/sites/bonds

• EMAIL [email protected]

• CALL (281) 396-2225

http://www.katyisd.org/sites/bonds

mailto:[email protected]


Katy Independent School District, the leader in educational excellence, together with family and community,

provides unparalleled learning experiences designed to prepare and inspire

each student to live an honorable, fulfilling life...to create the future.

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