ntps facility advisory committee
DESCRIPTION
Modernizations. Feb. 2. NTPS Facility Advisory Committee. Komachin M.S. Modernizations. Feb. 2. NTPS Facility Advisory Committee. Komachin M.S. Modernizations. Feb. 2. NTPS Facility Advisory Committee. Komachin M.S. 2011-13 K-12 Capital Budget Governor’s Proposal. - PowerPoint PPT PresentationTRANSCRIPT
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min. OSPI Funding Tom Kuehn 10
min. Qualifying Projects Mike Laverty 5 min.
KMS Overview Joyce Ott, Principal
10 min. Break: Tour of Komachin M.S. Joyce Ott,
Principal25
min. Tour Q & A Joyce Ott, Principal
10 min. Bond & Levy Presentation Jon Gores 25 min.
Polling Options & Information John Bash 5 min.
Discussion/Input Dick Withycombe
30 min.
Discussion/Input Dick Withycombe
30 min.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min. OSPI Funding Tom Kuehn 10
min.
2011-13 K-12 Capital BudgetGovernor’s Proposal
Maintenance Level of $486.6 Million Construction Cost Allocation inflationary increases to:FY 2012 = $183.78
FY 2013 = $188.55 Small Repair grant program $10 Million Skills Center Minor Works $3 Million Aviation High School $2 Million
2011-13 K-12 Capital Budget dollars in millions OSPI
Request
Governor
Proposal
Fund Source
SCAP – Maintenance $660.1 $486.6 Bonds/Common School Construction Account (Cash)
SCAP – Enhancement $93.0 $0.0
Space Study $0.2 $0.0
Small Repair $5.0 $10.0 Bonds
Energy Grants $20.0 $0.0
Facility Safety Net $80.0 $0.0
Seismic Assessment $0.5 $0.0
Skill Centers - Minors
$5.7 $3.0 Bonds
Skill Centers – Majors & Satellites
$80.4 $0.0
Aviation High School $0.0 $2.0 Bonds
Administration $3.9 $3.9 Common School Construction Account
TOTAL $948.8 $505.5
2011-13 K-12 Capital Budget State Bond Capacity
1.9
1.2 1.1
0.161
3.2
2009-11 September forecast
Recent passage of Inititive 1107
November forecast
Requests so far!
Debt Capacity Compared to Requests(in Billions)
The need to use the priority system is very likely.
YEAR MATCHABLE LOCAL STATE ART BONDFUNDED PROJECT SQ. FT. FUNDS FUNDS GRANT STATUS PASS
North Thurston 3
1992 New River Ridge High 165,000 $8,667,258.52 $10,827,112.7
0 $52,178.51 D10 2/88
1992 River Ridge High Ad 10,384 $1,126,814.79 $705,221.61 $3,401.59 D10 9/91
Jun-95 North Thurston High Ad 18,488 $2,553,711.80 $1,322,749.20 $6,379.44 D10
1998 Lakes El Ad (N/L) 1,353 $612,736.02 $64,108.05 $312.87 D10 9/91
1998 Lakes El Mod 41,277 $1,824,671.99 $2,659,789.49 $0.00 D10 9/91
May-99 Olympic View El Mod 41,615 $1,221,606.60 $2,618,366.29 $0.00 D10 9/91
1999 Lydia Hawk El Repl (N/L) 37,572 $2,654,850.88 $2,449,009.30 $11,795.19 D10 9/91
1999 Mountain View El Mod 49,879 $1,277,728.82 $3,211,501.72 $0.00 D10 9/91
1999 South Bay El Mod 8,315 $1,075,185.73 $560,412.02 $0.00 D10 9/91
2001 Lacey El Mod 36,719 $2,909,904.40 $2,661,574.75 $0.00 D10 9/91
2002 Lacey El Gym Mod 5,600 $139,132.48 $340,974.40 $0.00 D10 9/91
2003 North Thurston High Pool Mod 8,775 $457,322.63 $745,536.23 $0.00 D10 9/91
2007 Timberline High Ad - Phase 2 4,340 $5,423,766.62 $451,651.11 $2,176.69 D10 2/06
2007 Timberline Hi Repl (N/L) - Phase 2 77,872 $8,785,985.63 $8,546,661.48 $41,269.85 D10 2/06
2007 Timberline High Mod - Phase 2 17,854 $3,168,035.72 $1,942,044.30 $0.00 D10 2/06
2007 Woodland El Ad 5,486 $1,360,087.18 $571,094.20 $2,804.33 D10 2/06
2007 Woodland El Mod 43,497 $4,920,159.99 $4,786,578.67 $0.00 D10 2/06
2008 New Elementary #13 57,373 $9,535,016.12 $6,316,016.16 $31,024.32 D10 2/06
2008 Timberline High Mod - Phase 3 61,211
$12,271,230.43 $7,126,794.76 $0.00 D10 2/06
2008 South Bay El Ad 4,958 $1,056,580.78 $536,375.85 $2,633.85 D10 2/06
2008 South Bay El Mod 34,964 $4,895,100.13 $4,017,944.86 $0.00 D10 2/06
2008 Nisqually Mid Ad 1,779 $265,217.32 $200,471.00 $976.51 D10 2/06
2008 Nisqually Mid Mod 86,156 $6,020,176.33 $7,496,935.58 $0.00 D10 2/06
2009 Chinook Mid Ad 1,692 $367,909.49 $196,949.95 $959.37 D10 2/06
2009 Chinook Mid Mod 85,072 $6,282,509.00 $6,544,852.53 $0.00 D10 2/06
907,231 $88,872,699.
40 $76,900,726.
21 $155,912.52 $77,056,638.73
NTSD – OSPI PARTNERSHIP SINCE 1992
Determining EligibilityFor New
Construction:
For Modernization or New-in-Lieu:
Projected Enrollment
Space Allocation
Existing Inventory
Un/Over Housed
XRegular ( 1049 ) Handicapped ( 1066 )
E-90, M-117, H-130Hdcp. -144
X =
Square footage from Study &
Survey =
Eligibility for New Construction
Calculated SF Improved Space Eligibility for Mod or N/L
=
SQUARE FOOTAGE BASED ON STATE ALLOCATIONS AND CURRENT OCTOBER ENROLLMENT PROJECTIONS EXISTING SCHOOL DISTRICT
SQUARE FOOTAGE
“OVER-HOUSED” SCHOOL DISTRICT
9
Determining Eligibility for New Construction
SQUARE FOOTAGE BASED ON STATE ALLOCATIONS AND CURRENT OCTOBER ENROLLMENT PROJECTIONS
EXISTING SCHOOL DISTRICT SQUARE FOOTAGE
“UN-HOUSED” SCHOOL DISTRICT
10
Determining Eligibility for New Construction
Square Foot Allocation
Elementary K-6 90 SF per student
Middle 7-8 117 SF per student
High 9-12 130 SF per student
Handicapped 144 SF per student
Existing Inventory by Grade Span (Report 3)
State Assisted Projects by Biennial Year – Improved Space (Report 1)
North Thurston Draft Calculation - October 2010North Thurston School District #003 Thurston County #34 Date evaluated 10/20/10
BUILDING INVENTORY
BLDG. NO. FACILITY NAME GRADE SPAN REPORT 3 SF 2007 S/S SFDIFF BETW REPT 3 AND 2007 S/S
INVENTORY SF USED IN ELIG CALC
IMPROVED SPACE
STATE ASSIST. MOD/N/L < 20
YRS. (& < 30 YRS AFTER '93)
NEW CONSTRN <
20 YRS. NOTES 2754South Bay ES K-6 48,575 48,575 0 48,575 (48,237) (43,279) (4,958) Built 1973, mod and add in 1978
3130Mountain View ES K-6 51,439 51,439 0 51,439 (49,879) (49,879) 0
Built in 1922 w/adds in 1925, 1941, 1952, & 1957. N/L 33,565 sf, 2003; mod 5,136 sf, 2003. Updated S&S not available, old S&S shows 36,455 sf.
3262Lydia Hawk ES K-6 43,164 43,164 0 43,164 (43,164) (37,572) (5,592)Built in 1949, w/adds in 1953 and 1958 with mod in 1978.
3539Lakes ES K-6 52,060 52,060 0 52,060 (48,236) (41,277) (6,959)Built in 1954 w/adds in 1956, 1958, and 1978. Covered play in 1959.
3653Lacey ES K-6 47,505 47,505 0 47,505 (42,319) (42,319) 0 Built in 1956 with adds and mods in 1978. Covered play in 1978.
3709Olympic View ES K-6 43,111 43,111 0 43,111 (41,615) (41,615) 0 Built N/L 50,827 sf, 1996. Old Dry Crk was sold in 2000, and was 19,030 sf.
4058Evergreen Forest ES K-6 44,008 44,008 0 44,008 0 0 0 4122Woodland ES K-6 49,494 49,494 0 49,494 (48,983) (43,497) (5,486)4255Meadows ES K-6 48,202 48,202 0 48,202 0 0 0 4271Pleasant Glade ES K-6 48,482 48,482 0 48,482 0 0 0 4368Seven Oaks ES K-6 56,589 56,589 0 56,589 (56,551) 0 (56,551) 4408Horizons ES K-6 51,016 51,016 0 51,016 (50,720) 0 (50,720) 4636Chambers Prairie ES K-6 57,373 57,373 0 57,373 (57,373) 0 (57,373)
K-6 SPAN
TOTAL 641,018 641,018 0 641,018 (273,450)
3361Chinook MS 7-8 86,764 86,764 0 86,764 (86,764) (85,072) (1,692)Built in 1960 with adds in 1964, 1978, and some mod in 1978.
3611Nisqually MS 7-8 87,294 87,294 0 87,294 (87,935) (86,156) (1,779) Built in 1978.4409KomachinMS 7-8 89,360 89,360 0 89,360 (89,717) 0 (89,717)
7-8 SPAN
TOTAL 263,418 263,418 0 263,418 (174,699)
3010North Thurston HS 9-12 175,459 175,459 0 175,459 (27,263) (8,775) (18,488)
Eleven buildings built from 1953 to 1978. Report 3 shows 231,953; S&S shows 213,953.
3710Timberline HS 9-12 279,023 279,023 0 279,023 (185,617) (156,937) (28,680)
Built in 1953 (upper) and 1955 (lower). S&S narrative sets the size of the building at 10,064 sf.
4314South Sound HS 9-12 29,842 29,842 0 29,842 (29,982) 0 (29,982) 4427River Ridge HS 9-12 176,772 176,772 0 176,772 (177,116) 0 (177,116)
9-12 SPAN
TOTAL 661,096 661,096 0 661,096 (419,978) (868,127)
K-6 SPAN TOTAL 641,018 K-6 SPAN TOTAL (273,450)
7-8 SPAN TOTAL 263,418 7-8 SPAN TOTAL (174,699)
9-12 SPAN TOTAL 661,096 9-12 SPAN TOTAL (419,978)
904,436 (868,127)
Form 1066
Students with Disabilities
Growing
+ 57
7,755
Projected Enrollment - 1049
Determining EligibilityFor New
Construction:
For Modernization or New-in-Lieu:
Projected Enrollment
Space Allocation
Existing Inventory
Un/Over Housed
XRegular ( 1049 ) Handicapped ( 1066 )
E-90, M-117, H-130Hdcp. -144
X =
Square footage from Study &
Survey =
Eligibility for New Construction
Calculated SF Improved Space Eligibility for Mod or N/L
=
NORTH THURSTON SCHOOL DISTRICT NO. 003, THURSTON COUNTY #34
DRAFT January 2011 2005-06 1066 SFA 55.83%
ANALYSIS OF EXISTING FACILITIES ENROLLMENT (HEADCOUNT)Grade Class- Sq. Ft. Oct. 1, Projections No. UnhousedLevel rooms Area Capacity 2009 2015 - 2016 2015 - 2016
K-6 129 592,634 6,585 7,626 9,009 2,424
Hdcp. 28 48,384 336 129 122 (214)
Total 641,018 6,921 7,755 9,131 2,210 7-8 67 247,866 2,043 2,113 2,352 309
Hdcp. 9 15,552 108 13 32 (76)
Total 263,418 2,151 2,126 2,384 233 9-12 99 635,176 4,886 4,312 4,619 (267)
Hdcp. 15 25,920 180 48 62 (118)
Total 661,096 5,066 4,360 4,681 (385)
District Totals 14,138 14,241 16,196 2,058 1.33%
ELIGIBILITY CALCULATION: K-6 810,810 9-12 600,470 Hdcp. 10 17,280 Hdcp. 8,640 5 7-8 285,368 609,110
Hdcp. 3 5,184 Less 9-12 inventory 661,096 1,118,642 Sq. ft. overhoused (51,986)
Less K-6 inventory 641,018
Less 7-8 inventory 263,418
Sq. ft. unhoused 214,206
Area of Need Area of Need K-6: 828,090 9-12 609,110 7-8 290,552 (419,978)Less 9-12 Improved Space
1,118,642 189,132 SF elig Mod or N/L
(273,450) Less K-6 Improved Space(174,699)Less 7-8 Improved Space DRAFT670,493 SF elig Mod or N/L
NEW
MOD / NEW-IN-LIEU
Eligibility Calculation Spreadsheet
Eligible for New Construction
Determining EligibilityFor New
Construction:
For Modernization or New-in-Lieu:
Projected Enrollment
Space Allocation
Existing Inventory
Un/Over Housed
XRegular ( 1049 ) Handicapped ( 1066 )
E-90, M-117, H-130Hdcp. -144
X =
Square footage from Study &
Survey =
Eligibility for New Construction
Calculated SF Improved Space Eligibility for Mod or N/L
=
NORTH THURSTON SCHOOL DISTRICT NO. 003, THURSTON COUNTY #34
DRAFT January 2011 2005-06 1066 SFA 55.83%
ANALYSIS OF EXISTING FACILITIES ENROLLMENT (HEADCOUNT)Grade Class- Sq. Ft. Oct. 1, Projections No. UnhousedLevel rooms Area Capacity 2009 2015 - 2016 2015 - 2016
K-6 129 592,634 6,585 7,626 9,009 2,424
Hdcp. 28 48,384 336 129 122 (214)
Total 641,018 6,921 7,755 9,131 2,210 7-8 67 247,866 2,043 2,113 2,352 309
Hdcp. 9 15,552 108 13 32 (76)
Total 263,418 2,151 2,126 2,384 233 9-12 99 635,176 4,886 4,312 4,619 (267)
Hdcp. 15 25,920 180 48 62 (118)
Total 661,096 5,066 4,360 4,681 (385)
District Totals 14,138 14,241 16,196 2,058 1.33%
ELIGIBILITY CALCULATION: K-6 810,810 9-12 600,470 Hdcp. 10 17,280 Hdcp. 8,640 5 7-8 285,368 609,110
Hdcp. 3 5,184 Less 9-12 inventory 661,096 1,118,642 Sq. ft. unhoused (51,986)
Less K-6 inventory 641,018
Less 7-8 inventory 263,418 DRAFT
Sq. ft. unhoused 214,206
Area of Need Area of Need K-6: 828,090 9-12 609,110 7-8 290,552 (419,978)Less 9-12 Improved Space
1,118,642 189,132 SF elig Mod or N/L (273,450) Less K-6 Improved Space
(174,699)Less 7-8 Improved Space670,493 SF elig Mod or N/L
NEW
MOD / NEW-IN-LIEU
Eligible for Mod or N/L
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min. OSPI Funding Tom Kuehn 10
min. Qualifying Projects Mike Laverty 5 min.
New ConstructionMiddle School #5 $12,742,000 $28,000,000 $6,000,000 $46,742,000 Elementary #14 $2,500,000 $15,000,000 $12,500,000 $30,000,000 Elementary #15 $2,500,000 $2,500,000 Service Center North $400,000 $2,600,000 $3,000,000
Modernizations Evergreen Forest ES $4,000,000 $8,500,000 $7,000,000 $19,500,000 North Thurston HS $3,500,000 $10,000,000 $25,000,000 $5,000,000 $43,500,000 Meadows Elementary $1,000,000 2,750,000 $9,000,000 $7,500,000 $20,250,000 Pleasant Glade Elementary $1,000,000 $3,500,000 $9,000,000 $7,500,000 $21,000,000 Seven Oaks Elementary $1,000,000 $3,000,000 $9,500,000 $8,000,000 $21,500,000
Facility Upgrades Komachin Middle School $800,000 $5,250,000 $6,050,000 Horizons Primary $400,000 $2,900,000 $3,300,000 River Ridge High School $1,050,000 $5,000,000 $6,050,000 Service Center - Phase IV $400,000 $2,600,000 $3,000,000 Olympic View Elementary $350,000 $2,650,000 $3,000,000 Lakes Elementary $350,000 $2,650,000 $3,000,000 Mountain View Elementary $350,000 $2,650,000 $3,000,000 Lydia Hawk Elementary $350,000 $2,650,000 $3,000,000 Lacey Elementary $350,000 $2,650,000 $3,000,000 Subtotal $21,042,000 $54,550,000 $54,300,000 $47,100,000 $45,950,000 $18,450,000 $241,392,000
SIX-YEAR BOND FINANCE PLAN - 2012 THROUGH 2018(In Order of Priority)
ProposedProposed Proposed Proposed Proposed Proposed Proposed 6-Year Bond
Projects 12-13 13-14 14-15 15-16 16-17 17-18 Total
SIX-YEAR BOND FINANCE PLAN - 2012 THROUGH 2018
ProposedProposed Proposed Proposed Proposed Proposed Proposed 6-Year Bond
Projects 12-13 13-14 14-15 15-16 16-17 17-18 TotalEmergent Needs Building Upgrades: Roofing & Exterior $600,000 $600,000 $600,000 $750,000 $750,000 $750,000 $4,050,000 Building Upgrades: Interior $250,000 $250,000 $250,000 $300,000 $300,000 $300,000 $1,650,000 Operating Systems $3,000,000 $3,000,000 $3,000,000 $3,500,000 $3,500,000 $3,500,000 $19,500,000 Safety & Health $125,000 $125,000 $125,000 $150,000 $150,000 $150,000 $825,000 Site $1,000,000 $1,000,000 $1,000,000 $1,250,000 $1,250,000 $1,250,000 $6,750,000 Capital Equipment $1,500,000 $1,500,000 $1,500,000 $1,750,000 $1,750,000 $1,750,000 $9,750,000 Capital Projects Administration $550,000 $550,000 $550,000 $550,000 $550,000 $550,000 $3,300,000 Subtotal $7,025,000 $7,025,000 $7,025,000 $8,250,000 $8,250,000 $8,250,000 $45,825,000 Mitigation Land Acquisition * $3,500,000 $3,500,000 Facility Planning * $250,000 $250,000 Portables/Modulars * $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $2,400,000 Subtotal $4,150,000 $400,000 $400,000 $400,000 $400,000 $400,000 $6,150,000 TOTALS $32,217,000 $61,975,000 $61,725,000 $55,750,000 $54,600,000 $27,100,000 $293,367,000 Less Anticipated Mitigation Funds $28,067,000 $61,575,000 $61,325,000 $55,350,000 $54,200,000 $26,700,000 $287,217,000
*To be funded with Mitigation Fees
New Construction
Middle School #5 $0 Elementary #14 $0 Elementary #15 $0 Service Center North $0
Modernizations Evergreen Forest Elementary $0 North Thurston High School $0 Meadows Elementary $0 Pleasant Glade Elementary $0 Seven Oaks Elementary $0 Facility Upgrades Komachin Middle School $0 Horizons Primary $0 River Ridge High School $0 Service Center - Phase IV $0 Olympic View Elementary $0 Lakes Elementary $0 Mountain View Elementary $0 Lydia Hawk Elementary $0 Lacey Elementary $0 Subtotal $0 $0 $0 $0
CAPITAL PROJECTS SIX-YEAR FINANCE PLAN - 2010 THROUGH 2016(Assumes 2012 Bond Does NOT Pass)
ProposedProposed Proposed Proposed Proposed Proposed Proposed 6-Year Bond
Projects 10-11 11-12 12-13 13-14 14-15 15-16 Total
Emergent Needs Building Upgrades: Roofing & Exterior $950,000 $450,000 $450,000 $1,850,000 Building Upgrades: Interior $200,000 $200,000 $200,000 $600,000 Operating Systems $2,650,000 $1,000,000 $1,000,000 $4,650,000 Safety & Health $100,000 $100,000 $100,000 $300,000 Site $200,000 $200,000 $200,000 $600,000 Capital Equipment $1,350,000 $700,000 $600,000 $2,650,000 Capital Projects Administration $575,000 $575,000 $550,000 $1,700,000 $0 Mitigation Land Acquisition * $0 Facility Planning * $700,000 $700,000 Portables/Modulars * $412,000 $412,000 SUBTOTALS $7,137,000 $3,225,000 $3,100,000 $13,462,000 TOTALS $7,137,000 $3,225,000 $3,100,000 $13,462,000 Less Anticipated Mitigation Funds
*To be funded with Mitigation Fees
CAPITAL PROJECTS SIX-YEAR FINANCE PLAN - 2010 THROUGH 2016(Assumes 2012 Bond Does NOT Pass)
ProposedProposed Proposed Proposed Proposed Proposed Proposed 6-Year Bond
Projects 10-11 11-12 12-13 13-14 14-15 15-16 Total
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min. OSPI Funding Tom Kuehn 10
min. Qualifying Projects Mike Laverty 5 min.
Discussion/Input Dick Withycombe
30 min.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min. OSPI Funding Tom Kuehn 10
min. Qualifying Projects Mike Laverty 5 min.
KMS Overview Joyce Ott, Principal
10 min. Break: Tour of Komachin M.S. Joyce Ott,
Principal25
min.
Discussion/Input Dick Withycombe
30 min.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min.
OSPI Funding Tom Kuehn 10 min. Qualifying Projects Mike Laverty 5 min.
KMS Overview Joyce Ott, Principal
10 min. Break: Tour of Komachin M.S. Joyce Ott,
Principal25
min. Tour Q & A Joyce Ott, Principal
10 min.
Discussion/Input Dick Withycombe
30 min.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min.
OSPI Funding Tom Kuehn 10 min. Qualifying Projects Mike Laverty 5 min.
KMS Overview Joyce Ott, Principal
10 min. Break: Tour of Komachin M.S. Joyce Ott,
Principal25
min. Tour Q & A Joyce Ott, Principal
10 min. Bond & Levy Presentation Jon Gores 25 min.
Discussion/Input Dick Withycombe
30 min.
Bond Issue Planning
February 2, 2011
Jon GoresSenior Vice President (206) 389-4043 [email protected]
North ThurstonPublic Schools No. 3
31
M&O Levies: 179 passed and 3 failed
Capital Projects Levies: 35 passed and 2 failed
Transportation Levies: 5 passed and 0 failed
Bond Authorizations: 10 passed and 9 failed
2010 Election Results Summary--Statewide
32
Voting Patterns
Source: Washington State Secretary of States Office
Bond Issues Passed by YearSchools Only
43%
38%
41%
24%
28%
38%
53%
34%
45%46%
37%
45%
38%
44% 45%
40%
23%
45%47%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
199286
199373
199499
199562
199678
199778
199855
199959
200040
200139
200243
200353
200434
200534
200660
200750
200835
200931
201019
Per
cent
Pas
sed
Years 1992 through November 2010, inclusive.
33
Survey Results
How likely would you be to support an extra local levyto raise funds for your school?
106
54
171
190
0 20 40 60 80 100 120 140 160 180 200
Very Unlikely
Somewhat Unlikely
Somewhat Likely
Very Likely
Number of responses
(37%)
(20%)
(10%)
(33%)
Source: Economic Research Center, Washington State University. May 2010.
34
Survey Results
Which of these statements do you agree with the most?
83
196
164
44
0 50 100 150 200 250
4. Local school taxes are too high.
3. Local school taxes are just about where they should be.
2. Local school taxes could be increased somewhat to providebetter support for schools.
1. Local school taxes are a good bargain.
Number of responses
(9%)
Source: Economic Research Center, Washington State University. May 2010.
(34%)
(40%)
(17%)
35
Survey ResultsIn your opinion what is the SINGLE most important issue facing Washington State today?
1%
10%
22%
2%
6%
1%
1%
1%
0%
2%
11%
22%
22%
1%
4%
3%
5%
1%
0%
0
2%
2%
8%
26%
37%
11%
0% 5% 10% 15% 20% 25% 30% 35% 40%
13. Gas prices
12. Taxes
11. Other
10. Transportation, Traffi c congestion, Roads
9. Health care
8. Family
7. Crime
6. Agriculture
5. Growth
4. Environment
3. Education
2. Jobs and Wages
1. Economy
Percent of Responses
2010 2011
Source: Social and Economic Sciences Research Center, Washington State University. January 2011.
(1)
(112)
(115)
(55)
(12)
(3)
(3)
(3)
(31)
(11)
(114)
(53)
(4)
(133)
(95)
(27)
(8)
(6)
(0)
(3)
(1)
(17)
(11)
(41)
(16)
(2)
36
Survey ResultsIn your opinion, which ONE of these 11 areas do you think should have the HIGHEST
priority for tax dollars in Washington State?
4%
8%
3%
26%
1%
2%
1%
7%
3%
5%
40%
4%
8%
3%
30%
1%
2%
1%
7%
6%
4%
35%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
11. Something else
10. Tax reductions
9. Roads
8. Economic development and jobs
7. Prisons
6. The environment
5. Natural resources
4. Health
3. Social welfare
2. Higher education
1. Public education (Grades K-12)
Percent of Responses
2010 2011
Source: Social and Economic Sciences Research Center, Washington State University. January 2011.
(135)
(125)
(25)
(16)
(34)
(6)
(5)
(12)
(15)
(39)
(22)
(208)
(15)
(21)
(24)
(4)
(6)
(2)
(110)
(10)
(30)
(15)
37
Survey ResultsLooking ahead do you expect that your economic situation in 5 years will be much better, somewhat
better, about the same, somwhat worse, or much worse than it is now?
9%
11%
33%
29%
15%
5%
20%
34%
31%
10%
0% 5% 10% 15% 20% 25% 30% 35% 40%
5. Much worse
4. Somewhat worse
3. About the same
2. Somewhat better
1. Much better
Percent of Responses
2010 2011
Source: Social and Economic Sciences Research Center, Washington State University. January 2011.
(152)
(47)
(56)
(174)
(77)
(35)
(104)
(116)
(66)
(18)
38
Capital Financing Options
BondsVotedNon-voted
Capital Projects Levy
39
Types of School District Bonds Voted- Unlimited Tax General Obligation Bonds (UTGO) Non-voted – Limited General Obligation Bonds (LGO)
A. Voter approved bonds are (UTGO) repaid with property taxes approved with a 60% yes vote, 40% validation 5% Debt Capacity = $482,536,454–$141,010,609 (outstanding
debt) = $341,525,845
B. Non-voted bonds are (LGO) repaid with existing revenue can’t be used for “new” construction 3/8 of 1% Debt Capacity = $36,190,234–$2,455,609 (outstanding
debt) = $33,734,625
Capital Financing Options
40
Capital Financing Options
Bonds are the primary method used by Washington school districts to finance large scale capital projects because:
cash is generated up front payments can be spread over time, and districts have some control over taxpayer impacts
C. Capital Projects Levy Requires simple majority vote No debt limit Limited to a period of two through six years May be used to construct, modernize, remodel school facilities, technology
and technology training, painting, equipment repair Multiple capital levy ballot propositions for different purposes (e.g.,
technology and new roof) at same election are permissible
41
Assumptions for Tax Rate Planning
Interest Rates
Bond Rating
Assessed Value
Bond Structure
Financial Planning
42
Assumptions for Tax Rate PlanningA. Interest Rates
- Lower interest rates result in lower tax rates for bonds.- Interest rates are determined when bonds are actually sold.- Assumption: All issue current rates plus 1.50% (150 basis points)
Financial Planning
Bond Buyer Index20-Year General Obligation Bond
(1 year history)
3.753.904.054.204.354.504.654.804.955.105.255.405.555.705.856.006.156.30
Jan
-10
Feb
-10
Mar
-10
Ap
r-10
May
-10
Jun
-10
Jul-
10
Au
g-10
Sep
-10
Oct
-10
Nov
-10
Dec
-10
Jan
-11
Rat
es (
%)
Bond Buyer Index20-Year General Obligation Bond
(25 year history)
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
Jan
-86
Jan
-87
Jan
-88
Jan
-89
Jan
-90
Jan
-91
Jan
-92
Jan
-93
Jan
-94
Jan
-95
Jan
-96
Jan
-97
Jan
-98
Jan
-99
Jan
-00
Jan
-01
Jan
-02
Jan
-03
Jan
-04
Jan
-05
Jan
-06
Jan
-07
Jan
-08
Jan
-09
Jan
-10
Jan
-11
Rat
es (
%)
43
B. Bond Ratings- A higher bond rating results in lower interest rates.- Assumption: Aa1 (with State Guarantee)
Aa2 (District Rating)
A Guide to Bond Ratings
Moody’s Investors Service – Founded 1918
Highest Quality Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Lowest Quality Baa1, Baa2, Baa3NR (Nonrated)
Financial Planning
44
Financial PlanningB. Bond Ratings continued… Options include:
– District’s rating (Aa2)
– State Guarantee (Aa1)
Assumption: Aa1 (State Guarantee)Aa2 (District Rating)
The Rating
DebtFactors Economy
Governmental Factors
FinancialPerformance
45
Financial PlanningC. Assessed Value
Year Historical Bond AV New ConstructionBond Levy Rate/$1000 % change
% growthfrom New
ConstructionGrowth due purely to NC
2000 3,797,857,279 $2.24 N/A 0.0%2001 4,053,129,732 110,319,399 $2.22 6.7% 43.2% 2.9%2002 4,388,009,098 113,082,369 $2.10 8.3% 33.8% 2.8%2003 4,801,831,578 146,412,921 $1.93 9.4% 35.4% 3.3%2004 5,204,705,094 173,346,207 $1.99 8.4% 43.0% 3.6%2005 5,937,175,579 216,956,126 $1.47 14.1% 29.6% 4.2%2006 6,801,903,841 265,623,912 $1.40 14.6% 30.7% 4.5%2007 7,993,077,509 454,649,377 $2.01 17.5% 38.2% 6.7%2008 9,948,759,722 482,299,056 $1.78 24.5% 24.7% 6.0%2009 10,407,924,616 315,853,925 $1.68 4.6% 68.8% 3.2%2010 10,266,014,227 205,643,594 $1.32 -1.36% -144.9% 2.0%2011 9,546,878,338 131,584,939 $1.23 -7.0% -18.3% 1.3%
5 year Compound Annual Growth Rate (2006-2011): 7.0%10 year Compound Annual Growth Rate (2001-2011): 8.9%
Assessed Value History2000-2011
North Thurston School District No. 3
46
Financial Planning
North Thurston School District No. 3
C. Assessed Value continued…
Historical Assessed Value and Levy Rates for Bonds
-
2,000,000,000
4,000,000,000
6,000,000,000
8,000,000,000
10,000,000,000
12,000,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Bo
nd
Ass
esse
d V
alu
e
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Bo
nd
Le
vy R
ate
(p
er
$1
,00
0 A
V)
Historical Bond AV Bond Levy Rate/$1000
Actual Growth 7.0% 5yr Avg.
Annual Growth Rate
47
Financial Planning
Projected Assessed Value Growth
– Final 2010: -1.36%
– Final 2011: -7.0% growth
– Projected 2012: 1% growth
– Projected 2013: 2% growth
– Projected 2014-2036: 3% annual growth
Higher assessed values will lower the District’s tax rates (but not the overall payment)
An individual’s taxes will be based on the assessed value for their property
New construction vs. increase in value of existing property
Assessed Value continued…
48
Financial Planning
D. Bond Structure
State law gives Districts great flexibility in determining bond structures
Options:
– Level Debt
– Level Tax Rate
– Stepped Level Tax Rate
49
Interest Rates: All issue current rates plus 1.50% (150 basis points)Bond Rating: Aa1 (State Guarantee)District Rating: Aa2Assessed Value Growth: 2010: -1.36%; Final 2011: -7.0% growth; 2012: 1% growth; Projected 2013: 2% growth; Projected
2014-2036: 3% annual growth.
Bond Structure – Summary Comparison
Total Bond Authorization: $100,000,000 $100,000,000 $150,000,000 $150,000,000
Structure Stepped Tax Rate Stepped Tax Rate Stepped Tax Rate Stepped Tax Rate
Bond Sale Dates and Amounts
June 2012Dec 2013Dec 2014Dec 2016
$50,000,000$25,000,000$25,000,000
--
$50,000,000--
$25,000,000$25,000,000
$50,000,000$50,000,000$50,000,000
--
$50,000,000--
$50,000,000$50,000,000
Bond Tax Rates Actual 2010
Projected 20112012201320152016202020252026
$1.32$1.25$1.24$1.73$1.73$1.59$1.59$1.59$0.83
$1.32$1.25$1.24$1.69$1.69$1.59$1.59$1.59$0.65
$1.32$1.25$1.24$1.93$1.93$1.84$1.84$1.84$1.25
$1.32$1.25$1.24$1.86$1.86$1.77$1.77$1.77$1.04
Estimated 2013 Bond Tax Rate Increase over 2011 $0.48 $0.44 $0.68 $0.61
Total Interest Cost $102,870,000 $99,330,000 $151,100,000 $150,120,000
Final Maturity 2034 2036 2034 2036
50
Projected Tax Rates
-
0.50
1.00
1.50
2.00
2.50
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
Projected Tax RatesLevy / $1000 Assessed Value
Existing Bonds 2012 Bonds
2013 Bonds 2014 Bonds
North Thurston School District No. 3Thurston County
$100,000,000 Level Bond Levy Rate with a Stepdown in 2016 and 2026
51
Total Project Cost:State Match:Bond Authorization Amount: $100,000,000
0.48
Assessed Gross Property MonthlyValue of Tax Increase Gross Property for Bonds Increase 25% 28% 33% 35%
$100,000 $48.00 $4.00 $36.00 $34.56 $32.16 $31.20200,000 96.00 8.00 72.00 69.12 64.32 62.40250,000 120.00 10.00 90.00 86.40 80.40 78.00300,000 144.00 12.00 108.00 103.68 96.48 93.60350,000 168.00 14.00 126.00 120.96 112.56 109.20500,000 240.00 20.00 180.00 172.80 160.80 156.00
NOTE:
Bonds After Allowing forIncome Tax Deduction
Federal Income Tax Bracket
Qualified homeowners may apply for a senior exemption. Please contact your County Assessor for details.
North Thurston School District No. 3TAX IMPACT ANALYSIS
Scenario 8: Level Bond Levy Rate with a Stepdown in 2016 and 2026, Sales in 2012, 2013, 2014, $100 million
Estimated 2013 Tax Rate Increase over 2011 Tax Rate (Bonds Only)
(per $1,000 assessed value):
Net Tax Increase from
Tax Impact Analysis
52
Projected Tax Rates
-
0.50
1.00
1.50
2.00
2.50
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
Projected Tax RatesLevy / $1000 Assessed Value
Existing Bonds 2012 Bonds2014 Bonds 2016 Bonds
North Thurston School District No. 3Thurston County
$100,000,000 Level Bond Levy Rate with a Stepdown in 2016 and 2026
53
Total Project Cost:State Match:Bond Authorization Amount: $100,000,000
0.44
Assessed Gross Property MonthlyValue of Tax Increase Gross Property for Bonds Increase 25% 28% 33% 35%
$100,000 $44.13 $3.68 $33.10 $31.77 $29.57 $28.68200,000 88.26 7.35 66.19 63.55 59.13 57.37250,000 110.32 9.19 82.74 79.43 73.92 71.71300,000 132.39 11.03 99.29 95.32 88.70 86.05350,000 154.45 12.87 115.84 111.21 103.48 100.40500,000 220.65 18.39 165.49 158.87 147.83 143.42
NOTE:
Bonds After Allowing forIncome Tax Deduction
Federal Income Tax Bracket
Qualified homeowners may apply for a senior exemption. Please contact your County Assessor for details.
North Thurston School District No. 3TAX IMPACT ANALYSIS
Scenario 7: Level Bond Levy Rate with a Stepdown in 2016 and 2026, $100 Million
Estimated 2013 Tax Rate Increase over 2011 Tax Rate (Bonds Only)
(per $1,000 assessed value):
Net Tax Increase from
Tax Impact Analysis
54
Projected Tax Rates
Projected Tax RatesLevy / $1000 Assessed Value
-
0.50
1.00
1.50
2.00
2.50
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
Existing Bonds 2012 Bonds
2013 Bonds 2014 Bonds
North Thurston School District No. 3Thurston County
$150,000,000 Level Bond Levy Rate with a Stepdown in 2016 and 2026
55
Tax Impact Analysis
Total Project Cost:State Match:Bond Authorization Amount: $150,000,000
0.68
Assessed Gross Property MonthlyValue of Tax Increase Gross Property for Bonds Increase 25% 28% 33% 35%
$100,000 $67.85 $5.65 $50.89 $48.85 $45.46 $44.10200,000 135.71 11.31 101.78 97.71 90.92 88.21250,000 169.63 14.14 127.22 122.14 113.65 110.26300,000 203.56 16.96 152.67 146.56 136.38 132.31350,000 237.48 19.79 178.11 170.99 159.11 154.37500,000 339.26 28.27 254.45 244.27 227.31 220.52
NOTE:
(per $1,000 assessed value):
Net Tax Increase from
North Thurston School District No. 3TAX IMPACT ANALYSIS
Level Bond Levy Rate with a Stepdown in 2016 and 2026
Estimated 2013 Tax Rate Increase over 2011 Tax Rate (Bonds Only)
Bonds After Allowing forIncome Tax Deduction
Federal Income Tax Bracket
Qualified homeowners may apply for a senior exemption. Please contact your County Assessor for details.
56
Projected Tax RatesNorth Thurston School District No. 3
Thurston County$150,000,000 Level Bond Levy Rate with a Stepdown in 2016 and 2026
-
0.50
1.00
1.50
2.00
2.50
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
Projected Tax RatesLevy / $1000 Assessed Value
Existing Bonds 2012 Bonds
2014 Bonds 2016 Bonds
57
Total Project Cost:State Match:Bond Authorization Amount: $150,000,000
0.61
Assessed Gross Property MonthlyValue of Tax Increase Gross Property for Bonds Increase 25% 28% 33% 35%
$100,000 $60.97 $5.08 $45.73 $43.90 $40.85 $39.63200,000 121.94 10.16 91.45 87.80 81.70 79.26250,000 152.42 12.70 114.32 109.74 102.12 99.08300,000 182.91 15.24 137.18 131.69 122.55 118.89350,000 213.39 17.78 160.04 153.64 142.97 138.71500,000 304.85 25.40 228.63 219.49 204.25 198.15
NOTE:
Bonds After Allowing forIncome Tax Deduction
Federal Income Tax Bracket
Qualified homeowners may apply for a senior exemption. Please contact your County Assessor for details.
North Thurston School District No. 3TAX IMPACT ANALYSIS
Level Bond Levy Rate with a Stepdown in 2016 and 2026
Estimated 2013 Tax Rate Increase over 2011 Tax Rate (Bonds Only)
(per $1,000 assessed value):
Net Tax Increase from
Tax Impact Analysis
58
Total Tax Rate Comparison
Thurston County School Districts2010 Total Tax Rates
DistrictAssessed
Value(1) ($) Bonds ($) M&O ($)Capital
Projects ($) Trans. ($) Total ($)
Tenino School District No. 402 918,321,234 -- 2.63167 -- -- 2.63167
Griffin School District No. 324 1,099,335,836 1.06460 1.60201 0.36149 -- 3.02810
North Thurston Public Schools, District No. 3 10,263,853,750 1.31502 2.44139 -- -- 3.75641
Olympia School District No. 111 8,079,574,908 1.79224 2.18120 0.24818 -- 4.22162
Yelm Community Schools No. 2 (3) 2,836,604,653 1.42501 2.61119 -- -- 4.03620
Rochester School District No. 401(2) 1,112,567,707 1.25926 3.00605 -- -- 4.26531
Tumwater School District No. 33 4,610,391,725 1.99072 2.52585 -- -- 4.51657
Rainier School District No. 307 479,253,267 1.58608 2.96029 -- -- 4.54637
(1) Bond Assessed Value does not include TAV.(2) Thurston and Lewis Counties.(3) Thurston and Pierce Counties.
59
Total Tax Rate Comparison
Washington School Districts2010 Total Tax Rates
DistrictAssessedValue* ($) Bonds ($) M&O ($)
CapitalProjects ($) Trans. ($) Total ($)
Mercer Island School District No. 400 8,667,003,244 0.54229 1.14490 0.32306 -- 2.01025
Peninsula School District No. 401 11,256,638,276 0.68581 1.46604 -- -- 2.15185
Bellingham School District No. 501 11,436,730,766 0.93563 1.90854 0.17605 -- 3.02022
North Thurston Public Schools, District No. 3 10,263,853,750 1.31502 2.44139 -- -- 3.75641
Olympia School District No. 111 8,079,574,908 1.79224 2.18120 0.24818 -- 4.22162
Vancouver Public Schools No. 37 13,248,296,457 1.48667 2.80036 -- -- 4.28703
Highline School District No. 401 13,666,617,660 1.72698 2.63804 -- -- 4.36502
Puyallup School District No. 3 13,111,898,005 1.69663 2.90284 -- -- 4.59947
Evergreen School District No. 114 12,210,980,959 1.51502 3.15286 -- -- 4.66788
Bethel School District No. 403 9,375,972,461 2.00954 2.77077 -- -- 4.78031
Snohomish School District No. 201 7,152,609,762 2.48745 2.50341 -- -- 4.99086
Auburn School District No. 408 8,886,234,190 0.81866 2.92479 1.35037 -- 5.09382
Federal Way Public Schools No. 210 12,020,615,721 1.72204 3.23581 0.14974 -- 5.10759
Shoreline School District No. 412 8,675,064,740 2.95675 2.32682 -- -- 5.28357
*Bond Assessed Value does not include TAV.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min.
OSPI Funding Tom Kuehn 10 min. Qualifying Projects Mike Laverty 5 min.
KMS Overview Joyce Ott, Principal
10 min. Break: Tour of Komachin M.S. Joyce Ott,
Principal25
min. Tour Q & A Joyce Ott, Principal
10 min. Bond & Levy Presentation Jon Gores 25 min.
Polling Options & Information John Bash 5 min.
Discussion/Input Dick Withycombe
30 min.
NTPS Facility Advisory CommitteeModernizations Komachin M.S.Feb. 2
Agenda Dick Withycombe
1 min.
OSPI Funding Tom Kuehn 10 min. Qualifying Projects Mike Laverty 5 min.
KMS Overview Joyce Ott, Principal
10 min. Break: Tour of Komachin M.S. Joyce Ott,
Principal25
min. Tour Q & A Joyce Ott, Principal
10 min. Bond & Levy Presentation Jon Gores 25 min.
Polling Options & Information John Bash 5 min. Discussion/Input Dick
Withycombe30
min.
Discussion/Input Dick Withycombe
30 min.
NTPS Facility Advisory CommitteeWednesdays (except for Board Meetings) 6:30 – 8:00
pm
Feb. 16
FACILITY UPGRADES & EMERGENT NEEDS
Meadows Elementary
Mar. 2
NEEDS EVALUTION Pleasant Glade Elementary
Apr. 19
BOARD PRESENTATION Evergreen Forest Elementary
Mar. 23
RECOMMENDATIONS Seven Oaks Elementary
Mar. 30
FAC PRESENTERS/EXECUTIVE COMMITTEE
Review Upcoming Agendas and Board Reports