FORT CHERRY SCHOOL DISTRICT FINANCIAL CAPITAL PROJECTS OVERVIEW

FORT CHERRY SCHOOL DISTRICT FINANCIAL & CAPITAL PROJECTS OVERVIEW

OVERVIEW • District Finances • Prior (Completed) Capital Projects • Proposed Future Capital Projects • District Cuts/Additions • Bond Outline • Comments/Questions

KEY COMPONENTS FOR FUNDING • Enrollment • Local Revenue • State Revenue • Federal Revenue • State Mandates

ENROLLMENT 700 600 500 400 Elementary 300 High School 200 100 0 09 -10 10 -11 11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18 18 -19

REVENUES KEY POINTS TO NOTE: v. Millage rates have increased steadily since 2013 -2014. Prior to that, the millage rate was stagnant for 7 years. v. Main source of revenue is from the State (55%) v. Fort Cherry remains at 44% funded by local taxpayers.

REVENUES BY SOURCE 12, 000 10, 000 8, 000 Local 6, 000 State Federal 4, 000 2, 000 0 07 -08 08 -09 09 -10 10 -11 11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18

MILLAGE RATES * School Year Millage Rate $ amount of Additional Revenue Raised 2014 -2015 123. 50 $176, 894 2015 -2016 126. 5875 $238, 316 2016 -2017 130. 50 $176, 072 2017 -2018 11. 7648 $101, 388 2018 -2019 12. 1410 $211, 221 * Reassessment Year

EXPENDITURES KEY POINTS TO NOTE: v. Expenditures increases are driven primarily by Contractual Staffing costs and Special Ed costs. v. PSERS Employer rates have increased to 33. 43%. That is an increase of 2. 64% from 2017/2018. We experienced a 16% increase in 2016/2017.

PSERS PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM • State pension system for all public school employees • Biggest unfunded State Mandate • Employees contribute 6%-12% while the District contributes 33% • In 2018/2019, the District will pay $2, 500, 000 in PSERS Contributions (~14% of budget)

EXPENDITURES Contractual Costs vs. Remainder of Budget $3, 643, 960 $548, 500 $7, 461, 010 $795, 200 $5, 493, 157 Salaries Benefits Special Ed Cyber/Charter/Tuition Remainder

DEBT SERVICE PAYMENTS $ 2, 000 $ 1, 800, 000 $ 1, 600, 000 $ 1, 400, 000 $ 1, 200, 000 $ 1, 000 $ 800, 000 $ 600, 000 $ 400, 000 $ 200, 000 $10 -11 11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18 *18 -19

FACILITIES 1. 2. 3. 4. 5. Completed Capital Projects Proposed Capital Improvement Plan (3 Years) Air Ventilation Options Programming Changes Personnel Changes

COMPLETED CAPITAL PROJECTS Capital Projects completed since 2014 1. Replacement of Hot Water Boiler 2. Upgraded District’s Water Lines (eliminated use of water tower) 3. Replacement of High School and Elementary Roofs

3 YEAR IMPROVEMENT PLAN: 2019 -2021

2019 PROPOSED PROJECTS • Replace four (4) ovens in Elem Cafeteria ~$16, 500 • Replace two (2) ovens in HS Cafeteria ~ $8, 100 • Phase 2 or 3 of upgrading lights to LED (both buildings)~ $45, 000 • Phase 1 of 3 of updating carpet in Classrooms (both buildings) ~ $66, 000 • TOTAL COSTS for Year 1 = $135, 600

2020 PROPOSED PROJECTS • Repair and paint outside canopies (both buildings) ~$375, 000 • Replace both buildings’ PA Systems ~ $84, 800 • Phase 3 or 3 of upgrading lights to LED (both buildings)~ $32, 000 • Phase 2 of 3 of updating carpet in Classrooms (both buildings) ~ $66, 000 • TOTAL COSTS for Year 2 = $557, 800

2021 PROPOSED PROJECTS • Phase 3 of updating carpet in Classrooms (both buildings) ~ $66, 000 • District parking lots and driveway ~ $250, 000 • TOTAL COSTS for Year 3 = $316, 000

AIR VENTILATION OPTIONS THREE OPTIONS FOR AIR VENTILATION: 1. Nothing (Repair as needed out of GF) ~ $0 2. Repair and replace all unit ventilators in every classroom ~ $700, 000 3. Replace classroom unit ventilators with Hydronic (hot and chilled) unit ventilators ~ $3, 250, 000

PROJECTS CUT Items cut from list due to AC 1. 2. 3. 4. 5. 6. Locker Room renovation upgrade at High School Office flooring replacement District-owned Van District Salt/Dump Truck replacement District Bread Truck replacement Heating and Lighting upgrades at Pole Barn (maintenance building) 7. Repairs to Chimney at High School 8. Replacement of High School Gymnasium Bleachers

PROGRAMMING & PERSONNEL

PROGRAMMING CHANGES IN PROGRAMMING FROM 2015 -PRESENT CUTS * Alternative Education * Home Economics * Accelerated Reader (AR) * Tech Lit at Elementary ADDITIONS * New AP Courses / CHS * Restorative Programming * 1: 1 Curriculum at HS * Innovation/Design Lab * Full Time Life Skills (Gr. 7 -12 th) * STEAM/Makers Space * Elem 8 -day rotation

PERSONNEL CHANGES IN PERSONNEL FROM 2015 -PRESENT • • Eliminated four Administrative positions Eliminated Business Office Employee Eliminated Guidance Consultant Eliminated two IU Aides Eliminated Part Time Social Worker Eliminated HS Guidance Secretary Furloughed Professional Employees Eliminated Professional positions through attrition

BUDGET SUPPLEMENTS 1. Implemented Pay to Participate Fee 2. Implemented Parking Pass Fee at HS

CURRENT PROGRAMMING/PERSONNEL (NOT REQUIRED PER SCHOOL CODE) ELEM HS DISTRICT Math Specialist Guidance Pupil Services Director Guidance Vo Ag Transportation Director Nurse AP/CHS Courses Facilities Director Gym Band Food Service Clerk Music Chorus PIMS Accountant Library Art Safety & Security Officer STEAM Technology Dept. Art Extracurricular Sports

TOTAL COST FOR 3 YEAR PLAN • Year 1 (2019): $135, 600 • Year 2 (2020): $557, 800 • Year 3 (2021): $316, 000 • TOTAL: $1, 009, 400 • Air Conditioning (Chiller Unit): $3, 250, 000 • Generator: $100, 000 • Proposed Costs for 3 year plan with AC: $4, 359, 400

ANNUAL BOND PAYMENTS Current Bond payment = $255, 000 (1. 42% of budget) (Pay until SY 2034) New Bond Payment: $2, 000 Bond = $142, 000/year (Pay until SY 2041) $4, 500, 000 Bond = $178, 000/year (Pay until SY 2048) TOTAL Bond payment without AC = $397, 000 (2. 21% of budget) TOTAL Bond payment with AC = $433, 000 (2. 41% of budget)

TIMELINE 1. Determine amount of Bond ~ October 2018 2. Obtain Bond ~ October 2018 – December 2018 3. Advertise (RFP) for Summer 2019 Projects 4. Complete Improvement plan ~ June 2019 – August 2021

PUBLIC COMMENTS