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Annual Bond Program Update July 1, 2011 – June 30, 2012.

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Presentation on theme: "Annual Bond Program Update July 1, 2011 – June 30, 2012."— Presentation transcript:

1 Annual Bond Program Update July 1, 2011 – June 30, 2012

2 PUSD Bond Program Background PUSD is currently managing two outstanding B Bond programs:  $93.5 Million Dollar Program Authorized in 2002  $120.5 Million Dollar Program Authorized in 2005

3 11-12 Bond Program Reporting Annual Bond Program Update presented at PUSD Board Meeting Website Reporting  Current information will be posted after Governing Board meeting PUSD Home Page / Community / Support Services / Building Updates & Construction (B- bonds)

4 Bond Projects Estimated Costs to be Paid From Bond Construct three elementary schools $34,500,000 Renovate existing elementary schools $14,000,000 Renovate Peoria High School $10,000,000 Athletic fields and building improvements to two new high schools $5,000,000 Athletic fields and building improvements to existing high schools $10,000,000 Purchase pupil transportation vehicles $10,000,000 Construct District transportation facility $7,000,000 District wide renovations for District Technology Plan $3,000,000 Total Bond Authorization $93,500, B Bond Authorization

5 11-12 (2002) B Bond Program Activity Beginning Fund Balance at $10,400,587 Additions: Revenues$0 Subtotal$10,400,587 Subtractions: Expenses($0) Ending Fund Balance at $10,400,587 Unsold Bonds at $0

6 2002 Bond Budget Project Summaries Through Bond Projects Current Project Budgets as of 6/30/12 Original Project Budgets on Voter Pamphlet Project Expenses Through 6/30/12 Remaining & Committed Funds Through 6/30/12 Construct three elementary schools (Vistancia, Lake Pleasant & Elementary #32) $34,466,234$34,500,000$24,065,647$10,400,587 Renovate existing elementary schools $9,727,475$14,000,000$9,727,475$0 Renovate Peoria High School $14,915,868$10,000,000$14,915,868$0 Athletic fields and building improvements to two new high schools (RSK and Liberty) $8,809,475$5,000,000$8,809,475$0 Athletic fields and building improvements to existing high schools $9,268,227$10,000,000$9,268,227$0 Purchase pupil transportation vehicles $6,116,663$10,000,000$6,116,663$0 Construct District transportation facility $7,396,000$7,000,000$7,396,000$0 District wide renovations for District Technology Plan $2,800,058$3,000,000$2,800,058$0 Total Bond Authorization $93,500,000 $83,099,413$10,400,587

7 Bond Projects Estimated Costs to be Paid From Bonds Construct new schools and renovate and improve instructional and operational buildings and infrastructure at existing elementary schools $45,000,000 Renovate and improve instructional and operational buildings and infrastructure at Peoria High School $29,000,000 Construct additions to instructional and operational buildings and facilities at High School #7 $8,000,000 Renovate and improve instructional and operational buildings and infrastructure at other high schools $20,500,000 Complete construction of Transportation & Support Services Facility and acquire pupil transportation vehicles $10,000,000 Provide for infrastructure related to instructional and operational technology and communications needs $8,000,000 Total Bond Authorization $120,500, B Bond Authorization

8 11-12 (2005) B Bond Program Activity Beginning Fund Balance at $26,679,250 Additions: Refunds$14,698 Subtotal$26,693,948 Subtractions: Expenditures($4,322,577) Ending Fund Balance at $22,371,371 Unsold Bonds at $0

9 11-12 (2005) B Bond Program Activity Renovation (Elementary)  HVAC Upgrades at Pioneer, Country Meadows and Paseo Verde  Roofing Renovation at Oakwood and Desert Valley  Projector Cabling Program >$10,000 at Elementary Schools: Heritage, Pioneer, Copperwood, Cotton Boll, Oakwood, Apache, Canyon, Coyote Hills, Parkridge, and Vistancia  Portable Building Renovations at Pioneer, Sun Valley, Sky View, Santa Fe and Country Meadows

10 11-12 (2005) B Bond Program Activity Renovation (Elementary continued)  Portable Building Removal at Sun Valley, Apache, Santa Fe and Country Meadows  Flooring Replacement/Upgrade >$5,000 at Ira Murphy, Alta Loma, Foothills, and Copperwood

11 11-12 (2005) B Bond Program Activity Renovation (High Schools)  Projector Cabling Program >$10,000 at High Schools: Sunrise Mountain and Liberty  Roofing Renovations at Ironwood, and Centennial  Old Main Renovation  Portable Building Renovations at Ironwood and Centennial  Asphalt Repair at Cactus  Flooring Replacement/Upgrade >$5,000 at Cactus, Centennial, Sunrise Mountain and Raymond S Kellis

12 2005 Bond Budget Project Summaries Through Bond Projects Current Project Budgets as of 6/30/12 Original Project Budgets on Voter Pamphlet Actual Project Expenses Through 6/30/12 Committed Project Budgets at 6/30/12 Bond Funds Available for Allocation at 6/30/12 Construct new schools and renovate and improve instructional and operational buildings and infrastructure at existing elementary schools $51,097,297$45,000,000$37,976,539$1,012,482$12,108,276 Renovate and improve instructional and operational buildings and infrastructure at Peoria High School $30,620,970$29,000,000$27,884,371$0$2,736,599 Construct additions to instructional and operational buildings and facilities at High School #7 (Liberty) $3,309,514$8,000,000$3,309,514$0 Renovate and improve instructional and operational buildings and infrastructure at other high schools $13,730,734$20,500,000$8,244,358$1,957,376$3,529,000 Complete construction of Transportation & Support Services Facility and acquire pupil transportation vehicles $13,629,970$10,000,000$13,629,970$0 Provide for infrastructure related to instructional and operational technology and communications needs $8,111,515$8,000,000$7,098,576$1,012,939$0 Total Bond Authorization $120,500,000 $98,143,328$3,982,797$18,373,875

13 OVERRIDE EXPENDITURES

14 Override Expenditures Supplement Extra Curricular/Athletics $2.2M Support Elementary Specials $5.9M  Intervention Specialists  Instructional Specialists  Art  Band  Gifted

15 Supplement Student Support Services $7.0M  Librarians and Assistants  Nurses and Nurse Assistants  Computer Technicians  PAL Teachers Supplement Number of Assistant Principals $2.0M

16 Public Comment and Questions


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