Escondido Union School District March 2020 Bond Feasibility October - PowerPoint PPT Presentation

Escondido Union School District March 2020 Bond Feasibility October 24, 2019

March 2020 Bond Feasibility 1) Bond Team  Bond Counsel  Financial Advisor  Communication Strategist  ARCADIS  EUSD Internal Staff 2) San Diego County Taxpayers Association (SDCTA)  Current Rating A+  ICOC support from SDCTA Representative Linda Bailey 3) Project List Options - October 10 4) Principal Input - October 18 5) Bond Workshop - October 24 6) Board decision to place Bond Initiative on Ballot - November 14 7) District places Bond Initiative on Ballot for 2020 Election - December 6 2

2020 Bond Initiative Filters B C D A 1. Consolidation 1.Full Completion K-8 Option 1. All School Sites of Facility Assets benefit from the a) Central 1. Orange Glen/ a) Lincoln Bond Initiative b) Del Dios Quantum b) Miller c) Mission d) Orange Glen 2. Eligibility for 2. Bear Valley/ 2. Consider future State Funding LR Green 2. Del Dios Sports declining Complex included enrollment 3. Modernizing Aged Schools 3. “Flagship” option 2020 B Bon ond I Init itiativ ive – Projects

2020 Bond Initiative ($205 Mil) Potential O Opt ptions ns - Oct 2019 2019 OPTION 1 OPTION 4 OPTION 2 OPTION 3 • Central - $22.6 Mil • Central - $22.6 Mil • Central - $22.6 Mil • Central - $22.6 Mil • Orange Glen - $18.9 Mil • Orange Glen - $18.9 Mil • Orange Glen - $18.9 Mil • Orange Glen - $18.9 Mil X • Mission - $31.8 Mil • Mission - $31.8 Mil • Mission - $31.8 Mil • Mission - $31.8 Mil • Del Dios - $64.5 Mil • Del Dios - $64.5 Mil • Del Dios - $64.5 Mil • Del Dios - $64.5 Mil Total $138.0 Mil Total $138.0 Mil Total $138.0 Mil Total $138.0 Mil • Felicita (Mod) - $28.3 Mil • BV/LRG (K-8) - $56.5 Mil • Felicita (New Const) - $6.0 Mil • Felicita (Complete) - $30.6 Mil • Juniper (New Const) - $14.6 Mil • Felicita (No Mod) - $18.4 Mil • Rose (Complete) - $30.8 Mil • Juniper (Partial Mod) - $14.3 Mil Y Total $42.9 Mil Total $44.9 Mil Total $75.0 Mil Total $36.8 Mil Over Budget – $32.8 Mil • Additional Projects - $24.1 Mil • Additional Projects - $25.0 Mil • Additional Projects - $30.2 Mil • Additional Projects - $22.1 Mil IT Infrastructure Upgrade, Relocatables, IT Infrastructure Upgrade, Relocatables, Shade IT Infrastructure Upgrade, Relocatables, Shade IT Infrastructure Upgrade, Relocatables, Shade Z Shade Structures, Playgrounds, Site Security, Structures, Playgrounds, Site Security, Structures, Playgrounds, Site Security, Structures, Playgrounds, Site Security, Restrooms, Hidden Valley Freezer/Cooler, Restrooms, Hidden Valley Freezer/Cooler, and Restrooms, Hidden Valley Freezer/Cooler, and Restrooms, Hidden Valley Freezer/Cooler, and and M&O projects M&O projects M&O projects M&O projects

March 2020 Bond Feasibility OTHER FUNDING SOURCES Prop E (Remaining Authorization after Series C) $48,000,000 Developer Fees $3,400,000 Average Interest Earnings (Prop E) $1,025,000 Average Interest Earnings (New Prop) $4,800,000 State Matching Funds $18,681,988 TOTAL FUNDS $75,906,988 Funds depend on State Bond Sales and the school sites selected 5

2020 Bond Initiative ($205 Mil) Potential O Opt ptions ns - Oct 2019 2019 OPTION 3A • Central - $22.6 Mil • Orange Glen - $18.9 Mil • Mission - $31.8 Mil • Del Dios - $64.5 Mil Total $138.0 Mil • Felicita (Complete) - $30.6 Mil • Juniper (Complete) - $45.9 Mil • Need additional $36.6 Mil Possible scenario: • Prop E Series D - $7.8 Mil 2024 • Prop E Series E - $12.4 Mil 2027 • Prop E Series F - $12.0 Mil 2030 • Additional Projects - $22.6 Mil IT Infrastructure Upgrade, Relocatables, Shade Structures, Playgrounds, Site Security, Restrooms, Hidden Valley Freezer/Cooler, and M&O projects 6

2020 Bond Initiative ($205 Mil) Potential O Opt ptions ns - Oct 2019 2019 OPTION 4A • Central - $22.6 Mil • Orange Glen - $18.9 Mil • Mission - $31.8 Mil • Del Dios - $64.5 Mil Total $138.0 Mil • BV/LRG (K8) - $56.5 Mil • Felicita (No Mod)- $18.4 Mil • Need additional $32.8 Mil Possible scenario: • Prop E Series D - $7.8 Mil 2024 • Prop E Series E - $12.4 Mil 2027 • Prop E Series F - $12.6 Mil 2030 • Additional Projects - $25.0 Mil IT Infrastructure Upgrade, Relocatables, Shade Structures, Playgrounds, Site Security, Restrooms, Hidden Valley Freezer/Cooler, and M&O projects 7

Questions? 8