Bond Oversight Committee Bond 2014 and Bond 2018 July 18, 2019 1 - PowerPoint PPT Presentation

Bond Oversight Committee Bond 2014 and Bond 2018 July 18, 2019 1

AGENDA 1. Welcome – Joanne Gore, Chair 2. Bond 2014 Update – Oscar Perez, Carolina Fuzetti, Jojo Jacob 3. Bond 2018 Update – Oscar Perez, Carolina Fuzetti • Contract Updates • Bond Program Financials • Small Business Initiative Update • Malala Yousafzai (PKG001) – ES51 Update • Meadows Elementary Rebuild (PKG004) • New Construction/Renovation, Work in Progress 4. Transportation Update – Oscar Perez 5. Communications Update – Amanda Bubela 6. Technology Update – Jojo Jacob 7. Debt Service Fund Update – Steve Bassett 8. Questions/Comments 2

Bond Oversight Committee 2014 Bond program July 18, 2019 3

PROGRAM STATUS Overall Bond Program PHASE/ % COMPLETE DESIGN CONSTRUCTION CLOSE/ SD DD CD BID CONST WNTY I/100% II/100% III/99% LEGEND Complete In progress Next step 4

PROJECTED PROGRAM BUDGET Item Total Current Commitments/ (A) $442.5M Approved Change Orders Estimates/ (B) $ 32.3M Pending Change Orders* Total Projected Budget (C) = (A) + (B) $474.8M 2014 Bond Budget (D) $486.9M Projected Bond Program Balance (E) = (D) - (C) $ 12.1M Notes: Data as of 6/30/2019 Current 2014 Bond Program Contingency = $20.1M Projected Bond Program Balance includes rounding tolerance * Projected estimate to complete (based on estimates and pending commitments) 5

James Reese Career and Technical Center Construction Progress • Opening fall 2019 • Construction 92% complete 6

2014 BOND – INFRASTRUCTURE REFRESH

TECHNOLOGY & SECURITY CAMERA UPDATE 2014 Bond IT Projects – Budget Update Electronics Wireless 0000995 15,711,813 16,555,452 Electronics Network WAN 0000994 7,671,821 12,473,570 Contingency Wireless 0000993 1,584,848 1,640,902 WAN Design Contingency 0000992 149,248 1,280,124 Cabling/Fibe Wireless 0000991 3,244,984 r 3,955,799 Cabling/Fibe WAN 0000990 4,428,496 r 3,528,000 Infrastructur e Camera 0000931 6,513,426 4,617,951 - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 Infrastructure Wireless WAN Design WAN Network WAN Cabling/Fiber Wireless Contingency Wireless Electronics Camera Cabling/Fiber Contingency Electronics 0000931 0000990 0000991 0000992 0000993 0000994 0000995 % of 141% 126% 82% 12% 97% 62% 95% Encumbrances & Expenses 6,513,426 4,428,496 3,244,984 149,248 1,584,848 7,671,821 15,711,813 Budget 4,617,951 3,528,000 3,955,799 1,280,124 1,640,902 12,473,570 16,555,452 8

Bond Oversight Committee 2018 Bond Program July 18, 2019 9

Contract Updates A/E Contracts (Design) 42 of 42 (A/E) Architect/Engineer contracts have been executed JOC Contracts (Construction) 21 of 21 Job Order Contracts (JOC) construction contracts have been executed CSP/CMAR Contracts (Construction) 1 of 29 Competitive Sealed Proposal (CSP)/Construction Manager at Risk (CMAR) construction contracts have been executed 10

Bond Program Financials Commitments Spent to Date $153.4M $50.1M 11

Small Business Initiative 2018 Bond Program A/E Services Construction Awarded Construction Awarded Construction 8% 87% Contracts Contracts $47,297,811 $40,964,080 Total SBE Commitment Total SBE Commitment 27% $12,467,910 26% $11,176,681 SBE Paid to Date SBE Paid to Date $7,561,437 16% 0.7% $2,937,367 12

MALALA YOUSAFZAI New elementary school (#51) in the Aliana Community • 10 Classroom Addition approved by BOT in February 2019, Bond 2018 funded • Construction of classroom addition in progress • Building envelope is 80% complete • Substantial completion date is 12/2019 • Mid-year opening - student on-campus start date is January 2020 13

Meadows ES Rebuild Rebuild of existing Meadows Elementary School • Demolition and abatement, approved by BOT in February 2019, Bond 2018 funded • Abatement is in progress, 40% complete. Demolition scheduled to be complete by August 2019. • Substantial completion date is 10/2020 • Mid-year opening - student on-campus start date is January 2021 14

New Construction/Renovation Progress New Construction Additions/Renovations Neill ES Addition - 12 classroom ES 52, ES 53, HS 12 • Procurement Bidding Complete • Land acquisition in progress • General Contractor BOT Approval – June 2019 • Schematic Design ongoing • Construction start – August 2019 • BOT approval July 2019 • Opening Fall 2020 Lakeview ES Madden ES Addition - 10 classroom • Programming complete • Schematic Design approved by BOT March 2019 • Visioning sessions with community ongoing • Design Development ongoing • Construction start date summer 2020 Fine Arts MS 16-Net Zero • Schematic Design ongoing • Benchmark Case study in progress • Projected construction start January 2020 • Land purchase being evaluated 15

Construction Work in Progress • Door Locks and Window Film (Security) – Installation Ongoing 2019 – 70% Complete • Playgrounds – Summer 2019 – 60% Complete • Hall Stadium Repairs/Renovation ongoing • Estimated completion date December 2019 – 70% Complete • PA/Sound and Clocks – Work starting August 2019 • Bond Signage – Complete • Fencing around Portable Buildings – 50% Complete • Water Softeners – 30% Complete 16

Transportation 2018 Bond Bus Purchases - (10) 14-passenger $ 580,260 - (20) Special Needs $ 1,901,000 - (6) Activity/Field Trip $ 599,658 ___________ Total Expenditures to Date $ 3,080,918 17

Communications Plan Update • Bond update included in Back to School Magazine Ongoing: • Social media posts and short videos regarding bond progress and updates • Video PSA regarding installation of door locks • Promotion of bond dashboard 18

Information Technology 2018 Bond 2018 Bond Project Update - Status $1,309,619 Telephone/Network $3,690,000 $46,442 Systems $7,300,000 $0 Staff Computer Refresh Technology $11,300,000 $5,444,405 Infrastructure $24,300,000 $25,451,998 Classroom Toolset $94,000,000 $150,000 Campus Audio/Vido $2,010,000 Security $623,182 Security $3,000,000 $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000$100,000,000 Security Technology Campus Staff Computer Telephone/Networ Security Classroom Toolset Infrastructure Systems Audio/Vido Refresh k Sum of Total Encumbrances & Expenditures $623,182 $150,000 $25,451,998 $5,444,405 $0 $46,442 $1,309,619 Sum of Approved Budget $3,000,000 $2,010,000 $94,000,000 $24,300,000 $11,300,000 $7,300,000 $3,690,000 Total Budget: $142.6M

Upcoming Debt Transactions  Series 2015A and Series 2015B Bonds & New Money  Total transaction - $150 million  Combine Series 2015A/Series 2015B for a total of $70.8 million  Include new money of $79.2 million  Pricing on Tuesday, 7/23/19  Low interest rates in municipal market  Low supply  High demand  District will continue to monitor market conditions for new money issuances and future refundings 20

Tax Rate (2010-21, w/HS Schedule Change) 1.35 1.34 1.33 1.32 1.31 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Projected Projected Projected 21

Tax Rate (2010-18, Projected 2019-21) 1.35 1.34 1.33 1.32 1.31 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Projected Projected Projected 22

Impact of PV Increase on Average FBISD Home Prior Year HB3 Proposed As proposed at $1.34 2018-19 2019-20 Change Avg. Market/Assessed Value of Residences $283,258 $289,699 2.27% Avg. Taxable Value of Residences $254,576 $261,013 2.52% M&O Rate $1.06 $0.99 -$0.07 I&S Rate $0.26 $0.28 $0.02 Total Tax Rate $1.32 $1.27 -$0.05 Annual Taxes on Average Residence $3,360.40 $3,314.86 -1.36% Annual Increase/(Decrease) in Taxes ($45.54) Monthly Increase/(Decrease) in Taxes ($3.79) 23

QUESTIONS AND COMMENTS 24

Bond Oversight Committee July 18, 2019 25