Presentation on theme: "Capital Project Presentation As approved through formal resolution by the RCS Board Of Education on March 11,2015. This new presentation outlines the $750,000."— Presentation transcript:
Capital Project Presentation As approved through formal resolution by the RCS Board Of Education on March 11,2015. This new presentation outlines the $750,000 reduction in the scope of work determined by the Board at the February 11, 2015 meeting. To allow for a minimum impact to the tax levy, we are proposing a Capital Project to maintain our facilities by leveraging our 55.3% in NYS Building Aid. The district has had full knowledge of the need for these renovations and repairs but waited until the 1997 project was completely paid off. With an anticipated annual cost for the new project of $275,000, we will see a reduction of $370,000 in next year’s budget for debt service. The total projected cost for the project is not to exceed $4,250,000, with bonding of up to $3,250,000 and use of reserves in the amount of $1,000,000.
Bathroom Upgrade Renovations to Four Toilet Rooms in Original Building Renovations to Four Toilet Rooms in Original Building
Parking Lots Repaving of Parking Lots Repaving of Parking Lots
Heating System Balance Heating System Throughout the Building Replace UniVents in the New Wing Replace a Hot Water Heater Full Building Emergency Generator Insulation of Boiler Room Ceiling
Interior Renovations Reconfiguration of Nurse's Office Reconfiguration of Nurse's Office Interior Office & Corridor Windows Interior Office & Corridor Windows Security Entry Security Entry Replace Curtains on Stage Replace Curtains on Stage Replace VCT Corridor Flooring with Rubber Replace VCT Corridor Flooring with Rubber
Other Items Acoustical Upgrading of Gym Motorize Backboards in Gym Increase Lighting Fixtures in Gym Upgrade Stage Lighting and Remove Rigging Portable Lift for Stage Change Lighting Control in Cafeteria & Classrooms Replace Dust Collection System in Wood Shop Modify Glazing Adjacent to Classroom Doors Asbestos Abatement Lift Table for Basement Storage and Widen Access Door
Bus Garage Potable Water Resurfacing Work Area Floor
Projected Budget & Revenue Stream of Current and Proposed Capital Projects: All projections were provided by our outside financial consultants, “Fiscal Advisors”, and was prepared for illustrative purposes only. The “BAN” (Bond Anticipation Note), new principal, 2015-2016, gives us the ability to make an initial pre-payment of principal even before the bond is issued, leading to further savings during the term of debt since a portion of the debt is paid before the interest is fully calculated. Budgeted Fiscal Year Description ExpenseRevenueDescription 2015-2016 “BAN” new principal$ 275,000$ 235,000 bldg aid on 1997 project $ 50,000 bldg aid on roof/windows/slate $ 275,000$ 285,000 2016-2017 2015 bldg project$ 257,000$ 57,000bldg aid on 1997 project $ 50,000bldg aid on roof/windows/slate $ 92,000bldg aid 2015 “new” project $ 257,000$ 199,000 2017-2018 2015 bldg project$ 251,000$ 184,000bldg aid 2015 “new” project thru$ 50,000bldg aid on roof/windows/slate 2019-2020$ 251,000$ 234,000 2020-2021 2015 bldg project$ 255,000$ 184,000bldg aid 2015 “new” project thru$ 27,000bldg aid on roof 2025-2026$ 255,000$ 211,000 2026-2027 2015 bldg project$ 255,000$ 184,000bldg aid 2015 “new” project thru 2030-2031 2031-2032 $ 92,000bldg aid 2015 “new” project
Estimated Effect to Taxes Based on Present Tax Rates Over Time to Illustrate the Savings: *With the FINAL PAYMENT of the 1997 DEBT $645,000 in 2015 and the ANTICIPATED NEW debt FROM the proposed project, the BUDGETED portion for the debt per $100,000 of assessed value in both Roxbury and Middletown would decrease. Roxbury Middletown Actual 14-15 Tax Rate$ 45.26$ 14.71 Estimated 15-16 Tax Rate Est. Tax rate after reduction$ 41.21$ 13.39 from paying off ‘97 debt Est. savings per 100,000 ( $ 133.40 ) ( $ 133.40 ) Full Value Home Est. Tax Rate with new debt$ 43.22$ 14.105 from proposed project Est. savings per 100,000 ( $ 67.00 )( $ 67.00 ) Note: Amounts in “( )” = reduction
Conclusions Repairs generate no building aid and must be part of the general operating budget or come from a designated repair reserve approved by the voters. Bundling the work into a single project optimizes our return on building aid and reduces the cost. After the return on aid, the actual out-of-pocket expense for fixing our facilities is approximately $88,000 annually based on the present scope of work, or approximately $1.3 million over 15 years. Some of the structural and code issues open the district to a liability/litigation risk. Deferring maintenance costs will make the need for repairs in the future more expensive due to further deterioration.
Type of Repairs we have been able to initiate Temporary Repair of Capstone Joint
Area is Cramped for EMS Access and Confidentiality
SUPERINTENDENT TREASURER BUSINESS OFFICE FILES RECEPTION OFFICE 102 S.F. OFFICE 102 S.F. STOR OFFICE 92 S.F. OFFICES Dean of Students, CSE Chair, Del Co Social Worker SK-1B Renovation of Office Suite for Increased Visibility and Access Renovation of Office Suite for Increased Visibility and Access
RELOCATED DOORS Doors Locked by Electric Strike REMOVE & REUSE EXISTING DOORS REMOVE PORTION OF EXISTING WALL NEW SECURE ENTRY WAITING CLASSROOM NEW SECURE PASS THRU WINDOW MAIN OFFICE REMOVE PORTION OF EXISTING WALL (PREV. INFILLED AREA) PRINCIPAL PLAN Redesign of the Main Entrance to Better Control Access and Better Identify Visitors