1. Public Hearing Presentation
Pursuant to A.R.S. § K and A.R.S. § Y
September 26, 2018

2. 15% Maintenance and Operation (M&O) Override (2015) Voter Approved Bonds (2013)

3. In accordance with ARS 15-481 Y.
Each school district that currently increases its budget pursuant to this section is required to hold a public meeting each year between September 1 and October 31 at which an update of the programs or capital improvements financed through the override is discussed and at which the public is permitted an opportunity to comment.
State statue requires the district to hold a public meeting to share w/our community how we utilized our 15% M&O Override during the school year.

4. MAINTENANCE AND OPERATION OVERRIDE (2015)
The renewal of the 15% Maintenance and Operations Budget Override provided funding for programs currently serving District students.
The 2015 Override supports the District's efforts to help maintain present levels of service in all Maintenance and Operations programs.
Over the next 5 years the 15% override will be expended in these categories:
Increase Teacher Compensation
Maintaining and Improve Elementary Specials
Provide Staffing to Reduce Average Class Sizes
Support Gifted, SPED & All Day Kindergarten
Provide Education Resources to Classrooms

5. Maintenance and Operations Override (2015)
Budgeted Override Amounts: FY FY $
9,432,157
10,455,345
M&O Override Categories:
Actual Exp.:
Estimated:
Increase Teacher Compensation
1,165,130
2,136,604
Maintain and Improve Elementary Specials
669,049
522,767
Provide Staffing to Reduce Average Class Sizes
4,765,561
2,547,391
Support Gifted, SPED & All Day Kindergarten
2,225,132
3,555,000
Provide Education Resources to Classrooms
850,021
1,693,583
Totals
9,674,893
Example of some of the items reinstated and additional resources now available.
Increase in the number of teaching staff (FTEs)
Maintain all day kindergarten
2.0% salary increase for all staff and small salary increase each year if funding is available
Implemented Longevity Stipends Additional resources for classrooms
Some salary increases due to market analysis
Sustained Art, Music, Band and PE
Adopted a new curriculum (phased process)
Reinstated additional money for Subs
Reinstated lunch aides
Reinstated Bus Route
OVERAGE WAS COVERED BY THE DO M&O BUDGET

6. In accordance with ARS 15-491 K.
Each school district that issues bonds under this section is required to hold a public meeting each year between September 1 and October 31, until the bond proceeds are spent, at which an update of the progress of capital improvements financed through bonding is discussed and at which the public is permitted an opportunity to comment.

7. 2013 Bond Funds 2013 Bond Funds Recap Total Bonds Sold FY2014 $
25,795,000
Total Bonds Sold FY2015
19,000,000
Total Bonds Sold FY2016
25,785,000
Voter Approved 2013 Bond
70,580,000

8. 2013 Bond Funds Our voter phamplet included the following projects.
Proposed Capital Improvements
Approved
Expenditures
Cost of
Balance
Estimated
as of
Bond
Remaining
Costs
6/30/2018
Issuance
FY2019
New School Construction $
30,000,000
18,890,158
110,392
10,999,450
New Building for Existing School Site
5,000,000
4,117,300
16,441
866,259
Land for New Schools
7,000,000
2,346,698
23,488
4,629,814
Technology Upgrades and Improvements
9,584,456
(2,607,944)
Maintenance, Repair and Improvements at Existing Schools
14,080,000
13,754,771
46,975
278,254
Pupil Transportation
4,000,000
3,080,019
14,093
905,888
Administration Technology Upgrades and Improvements
2,500,000
1,772,027
11,126
716,847
Administration Transportation Support Facility
1,000,000
1,236
998,764
Totals
70,580,000
53,545,429
247,238
16,787,333
Our voter phamplet included the following projects.
Example of the some bond expenditures
Building some additional classrooms for W.F.H.S., Cor, HHS, PwerR, Sos.
Repair and Maintenance of existing schools (painting, new flooring, fence repairs, etc…)
Purchased two Marques (Power Ranch and Chaparral)
Purchased some Buses Technology Refresh Plan
Current debt ratio is approximately 23-24% and ARS Statue limits to 30% of the assessed valuation. The district is currently working with Stiefel, our financial advisors to determine our long range plan because we will need to go back to our voters for assistance since the state does not provide enough funding to meet our capital needs.

9. Coronado Elementary New Marquee

10. Gateway Pointe Elementary
SFB 5K

11. Higley High School Field
Bond Funds – 10K

12. Higley Traditional Academy
Bond
Library Remodel

13. San Tan Elementary New Marquee
Arizona Commercial Signs - 17 K from bond

14. Williams Field High Bond Funds: 3 million 16 Additional classroom
Increased campus capacity to 2500 students

15. New Turf
Gateway Elementary & Williams Field High

16. FY18/19 Proposed Capital Projects
Weatherization and enhancement projects at Coronado and San Tan Elementary (shared expense between School Facilities Board (SFB) and District Bond/Capital monies).
Fence paintings and lighting updates (various locations using District Bond/Capital monies).
Other capital projects to be determined.

17. Planning For The Future
District is developing a webpage to display bond and override projects “Your Dollars At Work”.
November 2019 election: District will be asking our community to approve the continuation of the 15% Maintenance and Operation (M&O) Override.
Potentially asking our community to approve a Capital Override to meet District’s increasing capital needs.

18. Questions