Bond Funds - Rockwall ISD
Transcription
Bond Funds - Rockwall ISD
WEDNESDAY, JANUARY 7 6:00 PM – 9:00 PM Facilitator | Michelle Hughes, TM Strategy & Design Group Rockwall ISD Mission The mission of Rockwall ISD, a diverse and unified community embracing endless learning possibilities, is to inspire and develop the unique abilities of our children to become passionate learners, extraordinary citizens and authentic leaders of the 21st century by cultivating an engaging learning environment based on high standards and expectations in a culture of kindness and compassion. Rockwall ISD Superintendent Jeff Bailey Board of Trustees President Chris Cuny Bond Planning Committee Facilitator Michelle Hughes, TM Strategy & Design Group The experience of the facilitator ¨ The role of the facilitator ¨ The tools of the facilitator ¨ The goal of the facilitator ¨ From Bond Plans to Ballot Box ¨ Contact Info [email protected] (979) 220-3508 [mobile] (936) 855-2622 [home] Michelle is available to you at any time. The Facilitator’s Goal “A Peak Performing Rockwall ISD 2015 Bond Planning Committee!” Maintains order. . .even in chaos ¨ Agrees upon norms of behavior (commonly called ground rules) ¨ Allows time to process complex information ¨ Assures equitable and uniform communications ¨ Knows how decisions will be made ¨ Is clear on process ¨ Honors all members; honors all input ¨ Your Task Cycle for Tonight ¨ Purpose of Bond Planning Committee 2015: Collaborative development of a bond referendum recommendation for presentation to the Rockwall ISD Board of Trustees and ultimately to the Rockwall ISD community in November 2015 Outcomes for Tonight ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ Aligned work group; cohesive owners of the Bond Planning Committee 2015 work Review of Bond Planning Committee Charter and Scope of Work Shared Values Ground Rules Clarity on Process and Group Dynamics Acceptable Decision-making Model & Ground Rules or Norms 2007 Bond Status & Elementary #14 Schoolhouse Bonds & District Finance 101 District Demographics Overview of subsequent meetings Housekeeping ¨ ¨ ¨ ¨ ¨ At 6:00 PM, prior to each meeting, district resource professionals will be available if you have questions or missed a meeting. All presented materials & information will be distributed to you as handouts and/or on the Rockwall ISD website Bond Planning Committee 2015 Bond Tab. Because of time constraints, no breaks have been scheduled, so please take plumbing or motion breaks as needed. Restrooms and exits are right out the doors behind you. The district leadership team as well as other professionals are here to serve you and to be a resource for you. Ask any questions. Unanswered questions or frequently asked questions and answers will be posted on the Rockwall ISD website Bond Planning Committee 2015 Bond Tab. A facilitator has been assigned to your table to assist you with process and adherence to ground rules. They will remain neutral to the content of your discussions. Introductions ¨ Who are you? Your name. . . (You have only 10 minutes at your tables. You will get to know others on the committee as you work together.) 1. Your role in the community or Rockwall ISD 2. Do you or have you had children in Rockwall schools? Ground Rules for this Committee How will we work together on this historic project? ¨ Try thinking backwards. . . ¨ “What would make these meetings a disaster?” ¨ Here are some ground rules that have emerged from every bond committee with which I have worked. Shall we use some of them? All of them? Shall we add to them? Shall we take any away? Common Ground Rules ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ One conversation at a time; no side-bar talk Honor the time contract Stay on topic and on task Share ideas freely; no “duck shooting” Listen to understand; respect and honor others’ input Think holistically; sublimate personal agendas; consider the whole District. Be kind Be honest Be relentless in pursuing consensus HAVE FUN! How Will We Make Decisions? “If we don’t decide how we will decide now, someone will do it for us later.” Proposed Decision-making Model Consensus 80% Rule Vote SUSTAINABLE DECISION SUPER MAJORITY OF 2/3 80% Rule… ¨ If, after group discussion, consensus is not achievable, 80% agreement will constitute a sustainable decision. Vote… ¨ If the group is not able to achieve consensus or an 80% agreement, a super majority vote of 2/3 of the committee will constitute a decision. ¤ Even a super majority vote is the least desirable process for our committee. Consensus & Gradients of Agreement ENDORSEMENT “I like it.” ENDORSEMENT WITH A MINOR POINT OF CONTENTION “Basically, I like it.” AGREEMENT WITH RESERVATIONS “I can live with it.” ABSTAIN STAND ASIDE “I have no opinion.” “I don’t like this, but I don’t want to hold up the group.” This is the Community At Work Gradients Of Agreement Scale. This scale makes it easier for participants to be honest. Using it, members can register less-thanwhole-hearted support without fearing that their statement will be interpreted as a veto. Community At Work © 1996 FORMAL DISAGREEMENT, BUT WILLING TO GO WITH MAJORITY FORMAL DISAGREEMENT, WITH REQUEST TO BE ABSOLVED OF RESPONSIBILITY “I want my disagreement noted in writing, but I’ll support the decision.” “I don’t want to stop anyone else, but I don’t want to be involved in implementing it.” BLOCK “I veto this proposal.” Committee Charter Take a moment at your tables to review the Charter for this Bond Planning Committee 2015 ¨ May we agree to the charter? ¨ Shared Values for This Work Dynamics of Group Decision-Making THE DIAMOND OF PARTICIPATORY DECISIONMAKING NEW TOPIC ? ü DECISION POINT TIME Community At Work © 1996 What Process Shall we Follow in our Meetings? ¨ ¨ ¨ ¨ ¨ ¨ ¨ ¨ We will be uniform and fair in our decision-making. We will have time to process information and ask questions. We will be presented complex school finance information by district and external professionals. We will gain understanding and insight into district needs through presentations by district professionals in several meetings. We will be given a spreadsheet with the projects and associated costs when all the presentations are complete. We will deliberate and make decisions individually, at our tables, in four larger groups, in two large teams, then collectively (more detailed description later). We will reach consensus on a bond referendum that we consider viable in the community and that meets the needs of our district/students. We will present that proposed referendum to the Board of Trustees who have the final decision on bond election. What was the Most Important Think you Heard? or Do you Have a Questions or Comment? Keep your questions and comments concise and to the point. ¨ No follow-up questions from the same person/table until all have had a chance to give feedback. ¨ No “compound sentence” questions (this is not my first rodeo!). ¨ Write unanswered questions on the presented topic, one per post it, and leave on your table. ¨ DISTRICT FINANCE 101 District Finance 101 A look at growth ¨ Status of 2007 bond projects ¨ Comparison with other districts ¨ Two types of school funding ¨ RISD’s financial condition ¨ Future bond payment stability ¨ 2 December 24th Headline RISD Enrollment Growth 16,000 14,991 14,213 15,000 14,000 13,027 12,468 11,519 10,545 13,000 12,000 Student Enrollment 13,732 13,372 13,965 14,359 14,626 11,000 9,984 9,488 10,000 9,000 4 RISD Property Value Growth $8,000,000,000 $7,000,000,000 $6,000,000,000 $5,000,000,000 $4,000,000,000 $3,000,000,000 $2,000,000,000 $1,000,000,000 $- 5 Enrollment Growth and Tax Rate Comparison $1.88 $1.88 16,000 $1.88 $1.8372 14,991 $1.80 $1.71 Tax Rate In Dollars $1.70 13,732 13,965 14,213 14,359 15,000 14,626 14,000 13,372 $1.60 13,027 12,468 $1.50 $1.40 11,519 $1.30 10,545 $1.20 $1.10 $1.00 $1.47 $1.47 $1.47 $1.47 $1.47 $1.47 $1.46 13,000 $1.44 12,000 Student Enrollment $1.90 11,000 9,984 9,488 10,000 9,000 6 What’s The Status of the 2007 Rockwall ISD Bond Referendum? ¨ $198,150,000 Bond Package for: ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ Billie Stevenson Elementary School – Completed Rockwall Heath High School Expansion - Completed Herman E. Utley Middle School Conversion/Renovations - Completed Rockwall High School Modifications - Completed Aquatic Wellness Center - Completed Renovation of Wilkerson-Sanders Stadium - Completed District-wide Technology Improvement - Completed Purchase of Necessary Sites for School Buildings - Completed Purchase of New School Buses – Completed Expansion of Cullins-Lake Point Elementary School – Expansion not needed due to lack of enrollment growth; Renovations and HVAC System replacement Modifications and expansions to provide for full day kindergarten/early childhood centers – Early Childhood Areas built into three elementary schools Elementary School Number 14 – $25,000,000 still available for this project – no one is being taxed on this – bonds not sold until needed to pay for construction 7 Comparison of RISD Tax Rate to Peer and Neighboring Districts $1.75 $1.50 $1.25 $1.00 $0.75 $0.50 I&S $0.25 M&O $0.00 8 Comparison of Outstanding Principal to Peer and Neighboring Districts Outstanding Principal Per Student $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 9 Maintenance and Operations Funds vs Bond Funds ¨ Maintenance and Operations Funds ¤ These are the funds the District uses to pay its day to day expenses such as salaries, utilities, fuel, insurance, etc. ¤ Texas Public School funding system is currently based primarily on an allotment per student in weighted average daily attendance n 2014-2015 approx. $6,131 per student or $35 per attendance day n 2015-2016 approx. $5,969 per student or $34 per attendance day 10 Maintenance and Operations Funds vs Bond Funds ¨ Bond Funds ¤ Bond funds are those specifically authorized by voters and are only available for capital project items such as: n Land acquisition n Buildings and Improvements to District Real Estate n Technology, Buses, Furnishings, Fixtures and Equipment for School Buildings 11 Maintenance and Operations Funds vs Bond Funds ¨ The two types of funding sources must be kept separate by State Law ¤ Cannot use bond funds for maintenance and operations ¤ Must use bond funds only for projects authorized by the voters 12 Rockwall ISD Financial Condition • The District is in very good financial condition ¤ Maintenance and Operations – The General Fund n June 30, 2014 Fund balance in the General Fund of $44.1 million constitutes approximately 39.5% of the subsequent year’s operating budget – or about 4.7 months operating expenditures n Financial advisors recommend keeping at least three months of operating expenses in this fund 13 Rockwall ISD Financial Condition ¤ Bond Funds - Debt Service Fund n June 30, 2014 Fund balance in the Debt Service Fund of $8.2 million constitutes approximately 32.4% of the subsequent year’s debt service requirements n Financial advisors recommend keeping 25 percent of the annual debt service payment in this fund n Annual Debt Service required payments are fairly stable through the life of the debt 14 Current Annual Debt Payments Required $31,989,541 $32,500,000 $27,500,000 $25,460,254 $25,568,889 $22,500,000 $17,500,000 $12,500,000 $7,500,000 $4,671,925 $2,500,000 15 Questions or Comments Regarding District Finance? Bond Planning Committee Meeting Schedule ü Wednesday, January 7: Structure of Meetings; Process Tools; 2007 Bond Status Report; Schoolhouse Bonds 101; Demographics Wednesday, January 21: Facilities Tours Wednesday, February 11: Process Review, Priority Schedule, New Construction; Renovations; Curriculum & Instruction; Land Acquisition Wednesday, February 25: Transportation; Safety & Security; Athletics; Fine Arts; Other Capital Projects Wednesday, March 18: Technology; Financial Capacity & Impact; Bond Construction Instructions Wednesday, April 1: Table Bond Construction Wednesday, April 15: Four-table Bond Construction *Thursday, April 23: Two-table and Large Group Bond Construction; SWOT Analysis Wednesday, May 13: Prepare Board Presentation Wednesday, May 27: Finalize Bond Referendum *Monday, June 15: Present Committee’s Final Referendum Recommendation to Board of Trustees *Day change Process Check/Likes & Wishes LIKES: WISHES: WEDNESDAY, JANUARY 7 6:00 PM – 9:00 PM Facilitator | Michelle Hughes, TM Strategy & Design Group