PROP K UPDATE Citizens’ Oversight Committee Meeting July 29, 2015

Prop K Update: Agenda A. Program Update B. Financial Summary 2 07/29/2015

Prop K Update: Funding 3 Funding SourceAmount ($) G.O. Bonds – Series A & B207,042,000 G.O. Bonds – Series C74,336,598 G.O. Bonds – Series D (anticipated)5,621,000 Prop K G.O. Bond286,999,598 Interest, as of 06/30/15 (+ $121,493 from prior report)1,766,493 Prop K Program Funds288,766,091 Series D (anticipated)- 5,621,000 Prop K Program Funds (to date)283,145,091 07/29/2015

A. Program Update - Completed Prop K Projects 4 ProjectsBudget ($)Cost ($)Anticipated Savings ($) San Marcos High School Reconstruction Project 180,000,000176,000,0004,000,000 Technology Infrastructure Upgrades Project: Phases 1-4 of 5 (District-wide) 14,000,00010,500,0003,500,000 Woodland Park Middle School Modifications Project 1,200,000 0 TOTAL195,200,000187,700,0007,500,000 07/29/2015 First Round of Projects

A. Program Update - Completed Prop K Projects 5 ProjectsBudget ($)Cost ($) Anticipated Savings ($) Shade Shelter Re-use (MHHS, SME from SMHS) 267,800243,62824,172 San Elijo MS: Shade Shelter/Hardcourts Expansion * 630,032613,10316,929 Discovery ES: Shade Shelter/Walkway Repair * 569,000536,66832,332 Carrillo/San Marcos ES: 2014 New Classroom Bldgs. * 6,023,9335,042,332981,601 PROJECTED TOTAL7,490,7656,435,7311,055,034 07/29/2015 Second Round of Projects – Summer 2014 * Project 100% complete.

A. Program Update – Construction Prop K Projects Third Round of Projects – Summer 2015 Shade Shelter Projects - SEES, SMMS, TOES, WPMS Water Wells – SEMS Security Fencing - TOHS Portables and Campus Improvements – KH (2), LCM (2), SEMS (5) Technology Audio/Visual (A/V) Phase MHHS STATUS: All projects have begun and are currently on schedule. Substantial completion of each project is schedule for the beginning of the school year. 6 07/29/2015

A. Program Update – Construction Prop K Projects 7 Projects Projected Estimates ($) Shade Shelter Projects (SEES, SMMS, TOES, WPMS) 1,065,615 Water Wells Project – SEMS409,000 Security Fencing - TOHS160,625 Portables (Growth) - KH509,000 Portables (Growth) – LCM475,965 Portables and Campus Improvements (Growth) - SEMS2,189,800 Gym Improvements - MHHS229,000 PROJECTED TOTAL5,039,005 Technology Audio/Visual (A/V) Phase 5 – District-wide (MHHS 5.1 portion under construction) 5,500,000 PROJECTED TOTAL10,539,005 07/29/2015 Third Round of Projects – Summer 2015

A. Program Update – PLANNING/DESIGN Prop K Projects Anticipated Remaining Projects* La Costa Meadows: Reconstruction Project San Marcos MS: Portables Replacement Project Alvin Dunn ES: K-8 Expansion Project Richland ES: Reconfiguration Project Paloma ES, Knob Hill ES: Portable Replacement Projects Various other sites *Note: Projects dependent upon additional funding from Series D, State Funding, and integration of Prop 39 funds. 8 07/29/2015

Prop K: Series 'C' Funds Allocation *Planning and Design only for future available funds Funding SourceAmount ($) G.O. Bonds – Series C74,337,000 ProjectsAbbr.Projected Estimates ($) La Costa Meadows Elementary School: Reconstruction Project LCM33,000,000 San Marcos Middle School: Enhancement ProjectSMMS24,000,000 Alvin Dunn Elementary School: Enhancement ProjectAD17,000,000 Richland Elementary School: Enhancement Project*RL100,000 TOTAL74,100,000 07/29/2015 9

Prop K: La Costa Meadows Reconstruction Project 07/29/

Prop K: San Marcos Middle School Enhancement Project 07/29/

Prop K: Alvin Dunn Elementary School Enhancement Project 7/29/

B. Financial Summary Accounting Update – June 30, 2015 Bond Resources$ 281,378,598 Prop K Bond Construction Budget Interest Earnings (as of June 30, 2015) $ 1,766,493 Total Resources$ 283,145,091 ProjectProject Budget Expenditures to date San Marcos High School$ 175,522,550 $ 169,261,838 Technology Infrastructure$ 19,000,000 $ 10,084,543 Woodland Park Middle School $ 1,210,066 $ 1,210,065 Summer 2014 Projects$ 6,457,389$ 6,456,845 Summer 2015 Projects$ 6,855,086$ 306,224 La Costa Meadows Elementary School$ 33,000,000$ 207,617 San Marcos Middle School$ 24,000,000$ 285,365 Alvin Dunn Elementary School$ 17,000,000$ 961,015 Richland Elementary School + Future Projects$ 100,000$ 34,003 TOTAL PROJECTS$ 283,145,091$ 188,807,515 Page 13 07/29/2015

Citizens’ Oversight Committee Meeting July 29, 2015 QUESTIONS? PROP K: UPDATE

Citizens’ Oversight Committee Meeting July 29, 2015 THANK YOU PROP K: UPDATE