1. ESPLOST Update Savannah-Chatham County Public Schools May 17, 2006

2. Guiding Principles  Provide Safe and Efficient facilities for students  Provide adequate facilities in areas of growth in county  Provide comprehensive upgrades to existing facilities where most needed

3. Guiding Principles  Provide District-Wide Academic Technology upgrade  Provide opportunity for significant debt reduction  Provide a revenue stream for facilities which is approximately 38% funded by visitors of Chatham County

4. Revenue Projections  Based on a September 2006 ESPLOST election and proceeds to district beginning in March 2007  Based on County’s historical SPLOST collections, an annual growth rate of 3% was used to project revenues

5. Revenue Projections Calendar YearCollectionsMonths 2007 $ 41,534,6589 2008 $ 57,040,93012 2009 $ 58,752,15812 2010 $ 60,514,72312 2011 $ 62,330,16512 2012 $ 16,050,0183 $ 296,222,65260

6. ESPLOST Update  Staff reviewed entire project list and prioritized schools by each category (Electrical, HVAC, Roofing, etc…) to assess where the greatest needs were in the district for upgrades, additions and modifications.  Safety and Security remained a top priority

7. ESPLOST Update Total Project List $ 218,159,925 G.O. Bond Debt Reduction $ 67,372,185 Academic Technology Upgrade $ 20,000,000 Program Management $ 5,000,000 Total Proposed Expenditures $ 310,532,110 Total Projected Revenues $ 296,222,562 *Other funding such as state entitlement funds or capital improvement grants may be used in conjunction with ESPLOST

8. ESPLOST Update  New Schools Elementary School Middle School Begin Work on New High School

9. ESPLOST Update  Replacement Schools Beach High School Butler Elementary School Gadsden Elementary School Oglethorpe Charter Middle School Pulaski Elementary School

10. ESPLOST Update  Classroom Additions May Howard Elementary Isle of Hope Elementary Windsor Elementary Windsor High School

11. ESPLOST Update  School Modifications Hesse Elementary School Low Elementary School Mercer Middle School White Bluff Elementary School

12. ESPLOST Update  Additional Projects Conversion of Tompkins Middle to a Technical High School Oatland Island Renovations and Upgrades (Science Center) Massie Heritage Center Renovations and Upgrades

13. ESPLOST Update  Existing Site Upgrades Electrical Upgrades Flooring / Painting ADA Requirement Upgrades Mechanical Upgrades Site Work Specialties / Signs Roofing Upgrades Local School Requests Security Equipment Classroom Furniture Upgrades Food Service Equipment Upgrades

14. ESPLOST Update  Next Steps Staff continues to review all items on project list to ensure that most pressing facility needs are addressed Board would need to pass a resolution in June to allow time for campaign leading up to a September election

15. ESPLOST Update Board Discussion / Direction