planning, constructing, and financing the future
TRANSCRIPT
Planning, Constructing, and Financing the Future
Planning the FutureDemographics
Learn from Yesterday…Understand Today…Plan for Tomorrow
NorthwestIndependentSchool District
Quarterly Report
2Q15
Planning the FutureDemographics
Ten Year ForecastBy Grade Level
*Yellow box = largest grade per year*Green box = second largest grade per year
• Northwest ISD will reach 20,000 enrollment in the fall of 2015.• 5 year growth = 5,249 students• 2019/20 enrollment = 25,080 students• 10 year growth = 11,866 students• 2024/25 enrollment = 31,697 students
Year (Oct.) EE/PK K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th Total Growth % Growth 2010/11 294 1,284 1,308 1,308 1,284 1,207 1,219 1,230 1,127 1,111 1,210 1,113 931 744 15,3702011/12 301 1,383 1,391 1,407 1,368 1,331 1,291 1,317 1,281 1,190 1,278 1,210 1,013 865 16,626 1,256 8.2%2012/13 300 1,448 1,465 1,448 1,466 1,433 1,402 1,400 1,375 1,325 1,344 1,302 1,153 950 17,811 1,185 7.1%2013/14 301 1,485 1,545 1,512 1,514 1,529 1,517 1,479 1,489 1,457 1,489 1,334 1,232 1,067 18,950 1,139 6.4%2014/15 311 1,550 1,538 1,618 1,596 1,553 1,557 1,550 1,521 1,541 1,595 1,481 1,275 1,145 19,831 881 4.6%2015/16 311 1,586 1,633 1,592 1,687 1,649 1,613 1,619 1,609 1,592 1,752 1,598 1,366 1,191 20,798 967 4.9%2016/17 311 1,634 1,684 1,699 1,664 1,765 1,719 1,677 1,677 1,677 1,819 1,692 1,496 1,277 21,790 992 4.8%2017/18 311 1,721 1,749 1,780 1,799 1,737 1,859 1,800 1,762 1,758 1,903 1,758 1,590 1,422 22,949 1,158 5.3%2018/19 311 1,808 1,832 1,832 1,867 1,875 1,814 1,933 1,878 1,837 1,997 1,835 1,643 1,507 23,969 1,020 4.4%2019/20 311 1,894 1,938 1,913 1,928 1,949 1,961 1,895 2,025 1,967 2,085 1,930 1,724 1,560 25,080 1,111 4.6%2020/21 311 1,995 2,030 2,034 2,012 2,011 2,046 2,060 1,986 2,128 2,227 2,011 1,814 1,641 26,307 1,227 4.9%2021/22 311 2,100 2,139 2,131 2,139 2,108 2,108 2,141 2,160 2,085 2,407 2,151 1,890 1,723 27,593 1,286 4.9%2022/23 311 2,205 2,240 2,240 2,238 2,239 2,226 2,217 2,249 2,271 2,358 2,322 2,024 1,815 28,955 1,362 4.9%2023/24 311 2,309 2,352 2,326 2,347 2,330 2,367 2,326 2,310 2,362 2,562 2,281 2,188 1,947 30,319 1,364 4.7%2024/25 311 2,419 2,462 2,441 2,439 2,447 2,465 2,473 2,423 2,428 2,663 2,473 2,148 2,105 31,697 1,378 4.5%
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Planning the FutureDemographics
Learn from Yesterday…Understand Today…Plan for Tomorrow
NorthwestIndependentSchool District
High School Build-Out Study
Summer 2015
DRAFT ONLYNOT INTENDED
FOR PUBLIC DISTRIBUTION
Constructing the Future2005 Bond Authorization - $224,500,000
• Project Status Complete
• Projected Available Funds $3,501,034
Constructing the Future2008 Bond Authorization - $260,000,000
• Project Status Substantially Complete– Elementary Additions $13,432,188
(Potential Two Elementary Additions TBD)– Site Purchases $9,459,933
(1 Middle School & 8 Elementary School Sites) – Transportation Complex $1,147,359– Natatorium Research Study $71,700
• Projected Available Funds $29,717,357
Constructing the Future2012 Bond Authorization - $255,000,000
• Project Status In Progress– V. R. Eaton High School $18,1522,309
(3rd Floor Academic Wing, Landscape, & Road Work )– Middle School #6 $58,214,842– Outdoor Learning Center $17,168,758– Technology $12,117,088– Elementary Additions $8,052,000– District Major Maintenance $3,686,819
(Roof, HVAC, Fire Panels, Sprinklers, & Carpet)
• Projected Available Funds $6,000,000
Constructing the Future2005, 2008, & 2012 Bond Summary
Funds Available:2005 Bond Authorization 3,501,034.00$ 2008 Bond Authorization 29,717,357.00 2012 Bond Authorization 6,000,000.00
39,218,391.00$ Site Acquisition: 1 HS 2MS 9,459,933.00$ Less: 1MS & 8ES (9,459,933.00)$ 39,218,391.00$
Potential Additional Projects:Additional Site Acquisition: 1 HS 2MS 9,500,000.00$ Additional Elementary School 21,000,000.00 Artificial Turf for Athletic Fields 14,000,000.00 Swim Lanes at High Schools 18,500,000.00 Technology 3,000,000.00
Total 66,000,000.00$
BOND SUMMARY REPORT
Financing the FutureAssessed Value of Taxable Property
Financing the FutureCollective Refunding Results - 2015
Financing the FutureDistrict Bond Credit Ratings
District's bonds are rated Aaa by Moody's Investor Services and AAA by Fitch Ratings. The underlying credit ratings are Aa2 by
Moody's Investor Services and AA by Fitch Ratings.
Key Rating Drivers •Strong Financial Profile •Growing, Somewhat Concentrated Economy•Taxable Assessed Valuation (TAV) Restored •High Debt Burden
- Fitch Ratings - Series 2015
Planning, Constructing, and FinancingThe Future
Long Range Planning Committee•Reviews Student Growth
(Demographics and Site Acquisition) •Reviews Potential Projects
(Comprehensive Districtwide Capital Projects Survey)•Makes Bond Authorization Election Recommendation
(Scope, Projects, and Timeline)
Board of Trustee Action•Consider Additional Projects & Timeline•Consider Bond Authorization Election