lscs 2013 bond overview final-v8

Opening doors to a better community

2013 Election & Bond Referendum

Quick Facts for LSCS

Taxpayers see $2.30 ROI for every dollar invested in LSCS. We’ve added 30,000 students in the last 5 years, a 58% increase.

LSCS now has 78,000 students enrolled in credit classes, and a total of 90,000 students including non-credit and continuing education.

We are the fastest-growing community college system in the nation. We are the largest institution of higher education in Houston.

We add $1.1 billion annually to the Houston economy with increased student earnings and employer workforce productivity.

78% of BA degree completers in Texas attended a 2-year institution like LSC. LSCS is a primary provider of nurses and first responders in our area; 60%

of nurses and 84% of first responders are trained at a community college like Lone Star College.

LSCS is celebrating 40 years of student success and credential completion in 2013.

College District Area

• 11 School Districts

• 77,877 Students

• 1.8 M Population

• 1,400 Square Miles

• 5,600 Employees

System Wide

Locations

LSC-CyFair

LSC-Kingwood

LSC-Montgomery

LSC-North Harris

LSC-Tomball

LSC-University Park

• Represented area business, education, government

and civic leaders • Assessed utilization of current facilities • Analyzed historical and future enrollment trends

– Reviewed future space requirements – Evaluated campus master plans

• Developed recommendations for each campus • Presented CFRC recommendations to the LSCS Board

of Trustees on February 7, 2013.

Citizens Facilities Review Committee

Citizens Facilities Review Committee

Jerry Albrecht Rhoda Goldberg Larry Lipton Denese & Dick Schmelzkopf Erv Baumeyer David Gottlieb Carole Little Marshall Schott Genesee Bell Reggie Gray Jerry Lowry Guy Sconzo Gabe Beltran Chris Grice Linda Macias Nancy Shortsleeve Rick Berry Scott Harper Jamie Mares Louis Smith Debbie Blackshear Mark Henry Julie Martineau Ann Snyder Dalane Bouillion Bruce Hillegeist Leslie Martone Todd Stephens Jill Boullion Olus Holder Mary Matteson Parrish Melinda Stephenson Mike Byers, Sr. Marie Holmes Susan McDonald Don Stockton Jim Cain Linda Humphries John McStravick Barbara Thomason Ann Candela Gerald Irons, Sr. Linda Mercier Lloyd Tisdale Richard Cantu Mary Jadloski Roy Morton William Turk Lamar Casparis Keith Kearney John Neubauer David Vaughn Sonia Clayton Tom Kikis Don Norrell Massey Villarreal Andy Dill Lori Klein Quinn Ken Odom Kelly Violette Charlie Dromgoole Robert LeDay Peggy Presnell Bud Wethington Paul Dusebout Beverly Leday Beryl Ramsey Mary Whitaker Don Fincher Reginald Lillie Lee Robison Glenn Wilkerson Kenn Franklin Enrique Lima Mario Rosales Jennifer Williams Don Gaddy Jane Linder Deborah Rose Miller Gary Gardner Justin Lindstorm Mark Sappington

Growth

010,00020,00030,00040,00050,00060,00070,00080,000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Fall Enrollments 2001 - 2012 77,877

+58% in 5 years

30,288

49,267

SLIDE 8

Texas Public Community Colleges Fall 2012 Preliminary Headcount

Source: TACC 10/15/2012

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000Lone Star College System

Enrollment to Space Comparison

Spa

ce -

Squ

are

Foot

age

(ksf

)

Enr

ollm

ent

Total System Space (KSF) Enrollment

2013 Program Emphasis

LSCS only builds to meet capacity needs.

SLIDE 10

2008 Projections vs. Actual

48,520 52,997

60,230

23,147

40,491

69,339

77,877

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2000 2005 2008 2010 2012 2015

STUDENT ENROLLMENT 2008 BOND PROJECTIONS vs ACTUALS

2008 Projections2013 Actuals

Funding

5.18 3.91 3.97 3.50 3.40 3.13 3.47 3.47 3.47 3.47 3.35 3.35 3.35 3.35 3.35 3.35

6.80 8.07 7.77

7.50 7.60 7.42 7.98 7.98 8.60 8.20 8.09 7.66 7.66

8.41 8.75 8.63

0

1

2

3

4

5

6

7

8

9

10

11

12

13

'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12

Cen

ts p

er $

100

Valu

atio

n

TOTAL TAX RATES 1997-2012

M & OI & S

Smart Investment for Future Growth

No tax rate increase

Strong budget management and accelerated debt pay down

AAA Bond Rating from Standard and Poors

Eight credit rating increases in last nine years

Administrative operating expenses under 12%

Tax rate is at same level as 15 years ago Received Certificate of Excellence in Financial Reporting each

year since 2004

Last 2 Bond Elections did not raise tax rate

All this while doubling enrollment in last 10 years

LSC-CyFair

LSC-CyFair 2018

LSC-Kingwood

LSC-Kingwood 2018

LSC-Montgomery

LSC-Montgomery 2018

LSC-North Harris

LSC-North Harris 2018

LSC-Tomball

LSC-Tomball 2018

Off Site Projects

LSC-University Park

LSC-University Park 2018

LSC-System Office

LSC-System Office 2018

Financial Summary

Project Total by Type Quantity Estimated Costs

New instructional and support buildings 996,000 sf $360,400,000 Renovations 252,000 sf $20,000,000 Increased parking 5,630 spaces $36,900,000

Facility Condition Assessment $16,500,000 Campus Safety and Security $63,900,000 Technology Infrastructure Program Management Land Acquisitions Costs / Growth Contingency

Program Total $497,700,000

Project Total by Campus 2013 Program Projections

CyFair $55,000,000 Kingwood $38,200,000 Montgomery $38,900,000 North Harris $120,000,000 Tomball $102,200,000 University Park $59,300,000 Improve campus safety and security $84,100,000 Expand and upgrade technology infrastructure Improve traffic flow and campus access Program management and land acquisitions Cost and growth contingencies New educational support building

Program Total $497,700,000

Quick Facts for LSCS

Taxpayers see $2.30 ROI for every dollar invested in LSCS. LSCS has 78,000 students enrolled in credit classes, and a total of

90,000 students including non-credit and continuing education.

We are the fastest-growing community college system in the nation.

We are the largest institution of higher education in Houston. We add $1.1 billion annually to the Houston economy with increased

student earnings and employer workforce productivity.

78% of BA degree completers in Texas attended a 2-year institution like LSC.

LSCS is a primary provider of nurses and first responders in our area; 60% of nurses and 84% of first responders are trained at a community college like Lone Star College.

LSCS is celebrating 40 years of student success and credential completion in 2013.

Smart Investment for Future Growth

No tax rate increase

Strong budget management and accelerated debt pay down

AAA Bond Rating from Standard and Poors

Eight credit rating increases in last nine years

Administrative operating expenses under 12%

Tax rate is at same level as 15 years ago Received Certificate of Excellence in Financial Reporting each

year since 2004

Last 2 Bond Elections did not raise tax rate

All this while doubling enrollment in last 10 years

Questions? LoneStar.edu/Bond2013