Fut uture N e Need eeds Ad Adviso sory Com y Committee Ag - PowerPoint PPT Presentation

Fut uture N e Need eeds Ad Adviso sory Com y Committee

Ag Agend enda • What can the District afford? • Review of October 22 nd meeting. • District leaders share their perspective on school needs. • 6 th grade at middle school • Conversation Café

School District of Appleton Michel D. Clark Director 414.765.3827 mdclark@rwbaird.com

Historical Mill (Tax) Rate Chart $12.00 $10.00 $9.60 $9.54 $9.40 $9.32 $9.17 $9.09 $9.06 $8.78 $8.67 $8.32 $8.00 $6.00 $4.00 $2.00 $0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 _____________________ Source: Department of Public Instruction

District Existing Debt Review Existing Debt District Has a Moody’s Aa1 Rating Fund 39 Fund 38 Voter Approved Within Existing Levy Authority Last Payment March 1, 2033 Last Payment March 1, 2022 District Has Been Using Debt Defeasance To Prefund Fund 39 Debt

Existing Debt – Fund 39 Fund 39 Fund 39 Issue: 1 Issue: 2 Amount : $7,135,000 Amount : $29,075,000 Type: G.O. Refunding Bonds (AR) Type: G.O. Corporat e Purpose Bonds (AR) FUND 39 TOTAL DEBT SERVI CE Dat ed: July 16, 2012 Dat ed: June 2, 2014 '2 1 - '2 5 Callable 3 / 1 / 2 0 or on any date '2 5 - '3 4 Callable 3 / 1 / 2 4 or on any date Callable: Callable: thereafter @ Par thereafter @ Par FISCAL YEAR CALENDAR YEAR PAYMENT PERI OD PRINCIPAL RATE INTEREST TOTAL PRINCIPAL RATE INTEREST TOTAL PRINCIPAL INTEREST TOTAL TOTAL TOTAL PAYMENT (3/ 1) (3/ 1 & 9/ 1) (3/ 1) (3/ 1 & 9/ 1) Jan- June Only Jan- June 2019 $95,000 2.000% $69,030 $164,030 $2,255,000 4.000% $430,113 $2,685,113 $2,350,000 $499,143 $2,849,143 $2,849,143 Jan- June July- Dec 2019 $68,080 $68,080 $385,013 $385,013 $453,093 $453,093 $3,302,235 July- Dec Jan- June 2020 $100,000 2.000% $68,080 $168,080 $2,345,000 4.000% $332,138 $2,677,138 $2,445,000 $400,218 $2,845,218 $3,298,310 Jan- June July- Dec 2020 $67,080 $67,080 $285,238 $285,238 $352,318 $352,318 $3,197,535 July- Dec Jan- June 2021 $1,825,000 2.000% $67,080 $1,892,080 $700,000 4.000% $285,238 $985,238 $2,525,000 $352,318 $2,877,318 $3,229,635 Jan- June July- Dec 2021 $48,830 $48,830 $271,238 $271,238 $320,068 $320,068 $3,197,385 July- Dec Jan- June 2022 $1,170,000 2.000% $48,830 $1,218,830 $460,000 4.000% $271,238 $731,238 $1,630,000 $320,068 $1,950,068 $2,270,135 Jan- June July- Dec 2022 $37,130 $37,130 $262,038 $262,038 $299,168 $299,168 $2,249,235 July- Dec Jan- June 2023 $1,125,000 2.000% $37,130 $1,162,130 $550,000 3.000% $262,038 $812,038 $1,675,000 $299,168 $1,974,168 $2,273,335 Jan- June July- Dec 2023 $25,880 $25,880 $253,788 $253,788 $279,668 $279,668 $2,253,835 July- Dec Jan- June 2024 $1,140,000 2.200% $25,880 $1,165,880 $575,000 3.000% $253,788 $828,788 $1,715,000 $279,668 $1,994,668 $2,274,335 Jan- June July- Dec 2024 $13,340 $13,340 $245,163 $245,163 $258,503 $258,503 $2,253,170 July- Dec Jan- June 2025 $1,160,000 2.300% $13,340 $1,173,340 $595,000 3.000% $245,163 $840,163 $1,755,000 $258,503 $2,013,503 $2,272,005 Jan- June July- Dec 2025 $236,238 $236,238 $236,238 $236,238 $2,249,740 July- Dec Jan- June 2026 $1,805,000 3.000% $236,238 $2,041,238 $1,805,000 $236,238 $2,041,238 $2,277,475 Jan- June July- Dec 2026 $209,163 $209,163 $209,163 $209,163 $2,250,400 July- Dec Jan- June 2027 3.000% $209,163 $2,069,163 $1,860,000 $209,163 $2,069,163 $2,278,325 Jan- June $1,860,000 July- Dec 2027 $181,263 $181,263 $181,263 $181,263 $2,250,425 July- Dec Jan- June 2028 $1,920,000 3.000% $181,263 $2,101,263 $1,920,000 $181,263 $2,101,263 $2,282,525 Jan- June July- Dec 2028 $152,463 $152,463 $152,463 $152,463 $2,253,725 July- Dec Jan- June 2029 $1,980,000 3.125% $152,463 $2,132,463 $1,980,000 $152,463 $2,132,463 $2,284,925 Jan- June July- Dec 2029 $121,525 $121,525 $121,525 $121,525 $2,253,988 July- Dec Jan- June 2030 $2,040,000 3.250% $121,525 $2,161,525 $2,040,000 $121,525 $2,161,525 $2,283,050 Jan- June July- Dec 2030 $88,375 $88,375 $88,375 $88,375 $2,249,900 July- Dec Jan- June 2031 $2,110,000 3.250% $88,375 $2,198,375 $2,110,000 $88,375 $2,198,375 $2,286,750 Jan- June July- Dec 2031 $54,088 $54,088 $54,088 $54,088 $2,252,463 July- Dec Jan- June 2032 $2,180,000 3.500% $54,088 $2,234,088 $2,180,000 $54,088 $2,234,088 $2,288,175 Jan- June July- Dec 2032 $15,938 $15,938 $15,938 $15,938 $2,250,025 July- Dec Jan- June 2033 $850,000 3.750% $15,938 $865,938 $850,000 $15,938 $865,938 $881,875 Jan- June July- Dec 2033 $865,938 July- Dec Jan- June 2034 * * * 3.750% Jan- June July- Dec 2034 July- Dec TOTAL $6,615,000 $589,710 $7,204,710 $22,225,000 $5,900,288 $28,125,288 $28,840,000 $6,489,998 $35,329,998 $35,329,998 $35,329,998 Callable Credit : Aa1 Credit : Aa1 Maturities Paying Agent : Dist rict Paying Agent : Dist rict Escrow Agent : BNYM Not es: BNYM (escrow) Refinanced 2005 Bonds (2021- 2025 Mat urit ies) Refinanced 7/ 1/ 2005 Bonds Part ially defeased 5/ 7/ 2018 * * * Remainder defeased 5/ 21/ 2019 Part ially defeased 5/ 21/ 2019

AAA Municipal Market Data (MMD) Index PAST 10 YEARS ONE YEAR SNAPSHOT 3.60 3.10 % Interest Rate 2.60 2.10 1.60 5.00 1.10 0.60 4.50 4.00 3.50 3.00 % Interest Rate 2.50 2.00 1.50 1.00 0.50 0.00 5 Year 10 Year 20 Year _____________________ Source: Thomson Municipal Market Data of as of October 31, 2019

TIF OUT Tax Apportionment $9,000,000,000 8.00% 6.51% $8,000,000,000 5.59% 5.46% 6.00% $7,000,000,000 3.63% 3.60% $6,000,000,000 4.00% 2.99% 2.44% $5,000,000,000 2.06% 1.77% 2.00% $4,000,000,000 0.54% 0.33% 0.00% $3,000,000,000 0.00% $2,000,000,000 -2.53% -2.00% $1,000,000,000 -3.42% $- -4.00% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 TIFOUT % Change YoY _____________________ Source: Department of Public Instruction

School District of Appleton – Preliminary Tax Levy Combined Mill Rate from Hypothetical Referendum $0.94 Hypothetical illustration of an $80 million $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 debt referendum and $1 million operating $0.92 referendum. $0.91 $0.90 $0.90 $0.89 $0.88 $0.88 $0.87 $0.86 $0.86 $0.86 $0.85 $0.84 $0.84 $0.83 $0.82 $0.82 $0.80 $0.78 $0.76 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039

Referenda Legislative Update • No more than two r referend ndum q um questions (operations or to issue debt) to exceed a district’s state imposed revenue limit pe per calenda dar ye year. • The two ballot questions can only be held on the regularly scheduled Spring or Fall election days. o The exception is if a school district has experienced a natural disaster it may hold a special referendum within the six-month period following the natural disaster, but no sooner than 70 days after the adoption of the resolution (not to be subject to the scheduling restrictions described above).

Future Election Dates 2020 2020 2021 2021 2022 2022 2023 2023 Sprin ing P Prim imary 02/ 02/18/20 2020 20 02/16/ 6/2021 021 02/15/20 02/ 2022 22 02/ 02/21 21/20 2023 23 Adopt and file resolution(s) by*: 12/10/2019 12/08/2020 12/07/2021 12/13/2022 Spri ring ng G Genera ral 04 04/07 07/202 020 04/06/ 6/2021 021 04/05/ 5/2022 022 04 04/04 04/20 2023 Adopt and file resolution(s) by*: 01/28/2020 01/26/2021 01/25/2022 01/24/2023 Fall P l Prim imary 08/ 08/11/2020 20 08/09 08/ 09/202 022 Adopt and file resolution(s) by*: 06/02/2020 05/31/2022 Fa Fall G General 11/03 03/202 2020 11/08 08/202 2022 Adopt and file resolution(s) by*: 08/25/2020 08/30/2022 *The governing board is required to file adopted referendum ballot resolutions with their municipal clerks at least 70 days prior to the election indicating the amount and purpose. Source: Department of Public Instruction

Referenda Legislative Update Questions?

October 22 nd me Review o of O meet eting  2005 and 2014 referendums  Capital projects over past 6 years  Elementary principals presentation  Middle School principals presentation  High school principals presentation

Elementary School Facility Needs  Classroom Spaces  Specialist spaces are overcrowded and/or not conducive to learning:  Fine Arts- Art, Music, Band, and Strings  Special Education  English Learners  Intervention  Talented and Gifted  Tutoring  Spaces are not available for innovative practices:  STEAM Centers that are adaptable, flexible, and mobile

Needs of Middle Schools  Instructional Spaces  Specialist spaces • Special Education • English Learners • Intervention • Staff Collaboration Space • Meeting Rooms for services and visiting service providers  Spaces are not available for innovative instructional practices: (STEAM)

Providing a space that enables students to explore science, technology, engineering, art, math, or any other content area while creating experiments and projects that foster creativity, collaboration, critical thinking, and communication.

Brillion Elementary School