CBOC Presentation 2015-2016 Annual Report Measure G Bond Sale - PowerPoint PPT Presentation

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE CBOC Presentation 2015-2016 Annual Report

Measure G Bond Sale NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE Transfer Out* Series A $ 15,000,000 $(10,748) Series A Remaining Series B $ 30,000,000 $15,000,000 $18,000,000 Series B Premium $ 370,000 Interest $ 238,041 Remaining $ 18,000,000 Transfer Out* $ (10,748) Interest $238,041 Total $ 63,597,293 Series B Premium $370,000 Series B $30,000,000

Expenditures by NEWARK UNIFIED SCHOOL DISTRICT Financial Year CITIZENS’ BOND OVERSIGHT COMMITTEE 2013 $1,753,677 2014 2013 $ 1,753,677 Fund Balance $6,267,288 $10,097,555 2014 $ 6,267,288 2015 $ 12,644,148 2016 $ 14,834,625 2015 $12,644,148 Unissued Bond Sales $ 18,000,000 Fund Balance $ 10,097,555 Total $ 63,597,293 Unissued Bond Sales $18,000,000 2016 $14,834,625

Expenditures 2015 NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE Categories Technology $833,174 Other Expenditures $967,038 School Buildings and Interior $ 10,540,115 School Grounds $ 2,494,298 Other Expenditures $ 967,038 School Grounds Technology $ 833,174 $2,494,298 Total $ 14,834,625 School Buildings and Interior $10,540,115

Breakdown NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE School Buildings and Interior Exterior Lighting $26,556 Roof $ 5,562,831 HVAC Systems $ 4,950,728 Exterior Lighting $ 26,556 HVAC Systems Total $ 10,540,115 $4,950,728 Roof $5,562,831

Breakdown NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE School Grounds Playgrounds $ 2,494,298 Total $ 2,494,298 Playgrounds $2,494,298

Breakdown NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE Technology Video Surveillance $1,010 VoIP/Clocks/Bells $ 832,164 Video Surveillance $ 1,010 Total $ 833,174 VoIP/Clocks/Bells $832,164

Breakdown NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE Other Expenditures Compensation $14,262 Construction Management $ 877,376 Audit Expenses Legal $5,141 $16,848 Consultants $ 53,100 Consultants $53,100 Legal $ 16,848 Compensation $ 14,262 Audit Expenses $ 5,141 Construction Support $ 310 Total $ 967,038 Construction Management $877,376

Expenditures Through NEWARK UNIFIED SCHOOL DISTRICT June 30 th th , 2016 CITIZENS’ BOND OVERSIGHT COMMITTEE Categories Technology $1,918,735 School Buildings and Interior $ 25,075,090 Equipment $77,523 School Grounds $ 4,280,353 Other Expenditures $4,148,036 Other Expenditures $ 4,148,036 Technology $ 1,918,735 Equipment $ 77,523 School Grounds Total $ 35,499,738 $4,280,353 School Buildings and Interior $25,075,090

Expenditures Through NEWARK UNIFIED SCHOOL DISTRICT June 30 th th , 2016 CITIZENS’ BOND OVERSIGHT COMMITTEE By School $8,000,000 Equipment $7,000,000 Technology $6,000,000 Other Expenditures School Grounds $5,000,000 School Buildings and Interior $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 NMHS Not Site NJHS Graham Schilling Kennedy Bunker / BGP Snow Lincoln Milani / BGI Musick MacGregor Whiteford Specific

Expenditures Through NEWARK UNIFIED SCHOOL DISTRICT June 30 th th , 2016 CITIZENS’ BOND OVERSIGHT COMMITTEE Non Site Specific Breakdown Legal Compensation $4,500,000 Consultants Wireless $4,000,000 Video Surveillance $3,500,000 Roof Debt Issuance $3,000,000 LAN Switches $2,500,000 HVAC Systems Construction Management $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Other Expenditures School Buildings and Interior Technology

Finding on Compliance NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE Based on the review and observations of the Citizens’ Bond Oversight Committee, we find that the Newark Unified School District is in compliance with the requirements of Article XIII A, Section 1(b)(3) of the California Constitution and that funds are being used for the purposes specified in the ballot language.

Findings and Concerns NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE • Obtaining Information • The CBOC Webpages • Maintenance Plan • Inspection Tour

Recommendations NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE The CBOC Recommends the Governing Board to: • Evaluate how to better provide information to the CBOC • Evaluate how to better keep the website up to date

Word of f Thanks NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE The CBOC Thanks: • Bryan Richards • Sarah Wilson • Business Services Staff • Robert Sands, John Watkins (Vanir Construction) • Michael Ash (Christy White Associates)

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE Questions