Welcome to the Bond Committee

October 25, 2012Kelloggsville Public Schools

Tonight’s work

• Purpose• Process• Questions and Answers• Where to from here

Purpose

• Building the team• What are the needs?• Recommendation to the Board• Community’s Schools = Community’s

Involvement

Process: what is a bond?

Lump sum amount that a district borrows through the sale of bond.

Payments are made through levied millage

Bonds purchase buildings and other large items. Such as. . .

Bonds = buildings

Bonds = renovation

Bonds = improving sites

Bonds = improving sites

Bonds = Technology

• Infrastructure vs. device

Bonds, General Funds purchase. . .

• Staff or salaries• Maintenance, operating, or utility costs (e.g.

the heating bill)• Training, professional development• Software (unless included in a hardware

purchase

What millage do we currently pay?

• 7.3 mills• Last levy: December, 2014• Annual yield: Approximately $2.4 million

What will schools look like?

• Schools are very different places now compared to 20 or 30 years ago.

• The change will probably continue.• http://www.youtube.com/watch?v=AhoOG5Kf

1w4

Questions and Answers in small group

• Introductions• What questions do you have?• What’s important to you in school facilities,

technology, athletics, etc?• Feedback on the meeting: how did this go?

Where to from here?

• Get into the facilities• Engage an architect for expertise• Brainstorm, brainstorm, brainstorm• Funnel (to a recommendation)• Other?

A quick math problem

• 7 (hours per day for students)• 180 (days per year for students)• 1,260 (hours per year for students)• 16,380 (hours per K-12 experience for

students)• Point: this work is very important!