Ricardo ISD Long Range Facility Planning Committee 2021-2022 This information is provided for educational purposes only to facilitate a general understanding of the law or other regulatory matter. This information is neither an exhaustive treatment on the subject nor is this intended to substitute for the advice of an attorney or other professional advisor. Consult with your attorney or professional advisor to apply these principles to specific fact situations. © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
1 Welcome Mrs. Gina D. Garza, Superintendent © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Objectives Welcome, Charge, District Vision LRFP Process Introduction Financial Overview Demographics Overview Educational Program Overview Educational Facility Assessment © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
1 Support Team • Administrative Team • Mrs. Gina D. Garza, Superintendent of Schools • Mrs. Jenette Black, Director of Business • Mrs. Ann Marie Garza, Middle School Principal • Dr. Marci Braswell, Elementary Principal • Mrs. Juana N. Piña Saldivar, Academic Dean • Mr. Tim Etzler, Technology Director • Mrs. Grace Saenz, Special Programs Coordinator © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Strategic Planning 1 Board’s Charge Board President, Charles Saverline © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
District’s Mission & 1 Vision Statements Mission: Enhance individual growth through high expectations in a safe, nurturing, and challenging environment. Vision: Empowering minds and developing individuals for life-long success in a diverse community. © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Texas Association of 1 School Boards • Est. 1949 • Facility Services: • Facility Assessment • Environmental Compliance • Long Range Facility Planning • Staffing Analysis • Bond Election Planning • Construction Consulting • Facility Related Training • Amber Meinardus • Facility Consultant • Compliance Specialist • Grady Slaydon • Facility Consultant • 30 years in Education in TX © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Long Range Facility Plan 2 Characteristics • Comprehensive • Inclusive • Affordable • Achievable • Living © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
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2 Long Range Facility Plan Benefits • Community Engagement • Replacement Schedules • Budgeting Tools • Identification of M&O Projects • Stakeholder Trust © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
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2 Process Outline and Schedule • TASB Facility Services • District Contact Information: Name: Gina D. Garza Email: [email protected] Phone: (361) 592-6465 Secretary: Karen Varnell Email: [email protected] © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
3 Financial Overview © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
3 School Funding Overview A district’s property tax rate consists of a maintenance and operations (M&O) tax rate and, if applicable, an interest and sinking (I&S) tax rate. The M&O tax rate provides funds for maintenance and operations. The I&S tax rate provides funds for payment on debts that finances a district’s facilities. ● District Property Current Values-$230,968,218 ● M&O Tax Rate-$0.9707 ● I&S Tax Rate-$0.00 © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Overview of Budget Comparison 2019-2020 Budget 3 2021-2022 District Budget Budget Instruction (11,12,13,91,31,36,61) 5,413,609 2020-2021 Student Transportation (34) 706,721 Budget 4,722,937 Food Services (35) 479,200 420,607 General Administration (21,23,41) 594,108 5,081,445 484,653 Plant Maintenance & Operations (51) 508,822 960,312 Data Processing (53) 1,245,469 400,940 Debt Service (71) 255,843 844,493 1,258,088 Facilities Acquisition & Construction (81) 119,853 213,653 1,187,036 114,182 266,535 409,951 118,600 Total Budget $8,814,803 $8,407,871 $8,584,383 © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
3 Overview of District Budget © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
3 Overview of District Budget ● Tax Rate 2019-2020 2020-2021 2021-2022 M&O $1.0684 $1.0547 $0.9707 I&S - 0 ● History - 2016 Maintenance Tax Notes $456,00 for Renovation of existing facilities - 2016 Maintenance Tax Time Warrants $997,600 for New Bus Barn ● Outstanding Balance - $1,026,000 Combined principal and interest required to pay all outstanding debts obligation $1,140,830 ● Financial Rating - Superior Rating “A” © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Capital Improvement Financing Presentation | January 10, 2022 Ricardo Independent School District FINANCIAL ADVISORY CONTACT Victor Quiroga Managing Director 10010 San Pedro Avenue, Suite 301 San Antonio, Texas 78216 Cell: 210.887.1810 [email protected]
Financing Tools and Bond Capacity | January 10, 2022 Municipal Bonds ⮚ Issued by local governmental subdivisions. ⮚ Represents an obligation to repay investors an amount of money borrowed (principal) along with interest, according to a debt service schedule. ⮚ Usually matures between 1 – 40 years from issuance date - (most debt matures between 20-30 years). ⮚ There is approximately $4.0 trillion of outstanding taxable and tax-exempt municipal debt in the U.S. Introduction to Specialized Public Finance Inc. | 19
Financing Tools and Bond Capacity | January 10, 2022 Who Buys Municipal Bonds? ⮚ Investors purchase the Bonds from the Underwriter. ⮚ Different investors have different preferences within the municipal market. ⮚ Retail (“households”, “mom and pop”) – Consist of individual investors acting either directly with the underwriter or through a broker. ⮚ Professional Retail – consist of financial advisors, money managers, and investor advisors. ⮚ Bond Mutual Funds – include short-term and long-term bonds funds, money market funds and high yield funds. ⮚ Institutional investors – consist of commercial banks, corporations, and property & casualty insurance companies. Typically, municipal bond investors benefit from tax exemption due to being in a high tax bracket. Introduction to Specialized Public Finance Inc. | 20
Financing Tools and Bond Capacity | January 10, 2022 School District Tax Rates ⮚Texas ISDs have access 2 tax rate components: 1. Maintenance & Operations (“M&O) Tax Rate - Used primarily for teacher and staff salaries - Operating the school (i.e., Utility Bills, Buses, Fuel, etc.) - The State calculates the maximum rate for the District 2. Interest & Sinking (“I&S”) Tax Rate - Used only for the repayment of “Voter-Approved” bonds - Rate limited by the State at 50-cents per $100 valuation RISD currently only uses the M&O Tax Rate Introduction to Specialized Public Finance Inc. | 21
Financing Tools and Bond Capacity | January 10, 2022 Tax Rate History (RISD does not have an I&S tax rate) Source: Municipal Advisory Council of Texas Introduction to Specialized Public Finance Inc. | 22
Financing Tools and Bond Capacity | January 10, 2022 Financing Tools Available to Texas ISDs Introduction to Specialized Public Finance Inc. | 23
M&O Debt | January 10, 2022 Debt Outstanding (RISD uses M&O taxes to repay this debt) • The two outstanding debt issuances are “callable” and may be refinanced or repaid early without penalty. Introduction to Specia • If paid early, the full principal amount must be paid as the lender does not allow partial principal paydown.
Financing Tools and Bond Capacity | January 10, 2022 Taxable Assessed Valuation Source: Municipal Advisory Council of Texas Introduction to Specialized Public Finance Inc. | 25
Financing Tools and Bond Capacity | January 10, 2022 Tax Rate Comparison (ESC Region 2 Schools – 2020-2021) Source: Municipal Advisory Council of Texas Introduction to Specialized Public Finance Inc. | 26
Financing Tools and Bond Capacity | January 10, 2022 Assumptions for Bond Capacity Analyses: Introduction to Specialized Public Finance Inc. | 27
Financing Tools and Bond Capacity | January 10, 2022 Bond Capacity Analysis for a 30-year Bond Issuance = $18,825,000 Introduction to Specialized Public Finance Inc. | 28
Financing Tools and Bond Capacity | January 10, 2022 Homeowner Impact for a 30-year Bond Issuance = $18,825,000 Introduction to Specialized Public Finance Inc. | 29
Financing Tools and Bond Capacity | January 10, 2022 Bond Capacity Analysis for a 20-year Bond Issuance = $14,605,000 Introduction to Specialized Public Finance Inc. | 30
Financing Tools and Bond Capacity | January 10, 2022 Homeowner Impact for a 20-year Bond Issuance = $14,605,000 Introduction to Specialized Public Finance Inc. | 31
Financing Tools and Bond Capacity | January 10, 2022 Recent Legislative Changes to Bond Elections 1. Several categories must get their own ballot question: a) Stadium with seating for more than 1,000 spectators b) Natatorium; c) Recreation facility other than a gym, playground or play area; d) Performing arts facility; e) Teacher housing; and f) Technology equipment, other than security or infrastructure integral to other construction. 1. Mandatory ballot language, in all CAPS: “THIS IS A PROPERTY TAX INCREASE” 1. Requires a district to post a sample ballot and “Voter Information Document”. Introduction to Specialized Public Finance Inc. | 32
Financing Tools and Bond Capacity | January 10, 2022 Timetable of Events for Bond Elections May 7, 2022 November 8, 2022 Event February 18, 2022 August 22, 2022 April 7, 2022 October 10, 2022 Last day to adopt an order calling a Bond Election April 25, 2022 October 24, 2022 May 3, 2022 November 4, 2022 Last day to register to vote May 7, 2022 November 8, 2022 First day for Early Voting Last day for Early Voting Election Day Introduction to Specialized Public Finance Inc. | 33
4 Demographics Overview Mrs. Juana N. Piña Saldivar, Academic Dean © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Demographic Study 4 10 year enrollment projections: 2027- 2022-2023: 617 2028: 564 2023-2024: 608 2028-2029: 548 2024-2025: 593 2029-2030: 551 2025-2026: 581 2030-2031: 554 2026-2027: 574 2031-2032: 554 *Enrollment predictions are based on historical live birth data, and are categorized into age groups cohorts* © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
4 Demographic Study © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
4 2021-2022 District Enrollment Ricardo ISD Total Student Enrollment : 627 Ricardo Elementary Total Enrollment: 370 Ricardo Middle School Total Enrollment: 257 © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
4 2021-2022 District Sub-Population ● Military Connectedness: 16 students ● LEP: 21 students ● Dyslexia: 12 students ● CTE: NA ● Migrant: 3 students ● Economically Disadvantaged: 353 students (56%) ● ESL/Bilingual: 21 students ● GT: 39 students ● At-Risk: 260 students ● Homeless: 4 ● Special Education: 62 students © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
3 Educational Program Overview Dr. Marci Braswell Mrs. Ann Marie Garza © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
5 Academic Programs ● PreK-4 ● Core Subjects grades K-8 ● Algebra 1 and Spanish 1 for high school credit ● Technology Applications grades 3-8 ● Literacy Lab ● Special Programs for Special Populations ○ Dyslexia, Speech, Special Education, Life Skills, GT, ESL ● 1:1 Chromebooks for grades 2-8 © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
5 Academic Program Needs ● Classrooms square footage ● Flex spaces ○ Differentiated Instruction ○ Intervention ○ Special Programs ● Special Education Self-Contained classrooms ○ accommodations/disabilities ● Campus and classroom storage ● Flex spaces conducive for large physical education classes ● Library/Media Center ● Makers Space for Art/STEM/Robotics ● Practice Rooms and Storage for Band Students © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
5 Current Extracurricular and Cocurricular Programs ● Middle School UIL Athletics: Football, Baseball, Softball, Cross Country, Track, Basketball, Volleyball ● Fine Arts: Music PK-5, Band 6-8, Choir, Ballet Folklorico, Mariachi ● Cheerleading ● Destination Imagination ● Academic UIL (RES/RMS) ● 4-H © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
15 Extracurricular & Co Curricular Facilities Needs ● Football Field Maintenance ● Outdoor Lighting ● Track/Cross Country ● Parking ● Press Box/Sound System ● Gymnasium ● Bleachers ● Cafeteria ● Softball/Baseball Fields ● Band Hall ● Fencing © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
1 Visitor Side © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Concessions/Bathrooms 1 Baseball / Softball Practice Fields © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
1 Bleachers on One Side Weight Room/Storage © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
1 Girls Boys © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
Band Hall and Storage 1 Accordion Walls Anchored for Safety © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
3 Overall Facilities Needs • Enclosed campuses for safety & security No Outdoor Classrooms • Campus facilities Gym, Library, Cafeteria • Server/network room • Drops/wires for additional technology access • Central HVAC System • Campus conference rooms • Teacher’s Lounge/Workroom/Restrooms © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
36 Educational Facility Assessment Amber Meinardus, TASB Facility Services © 2021 Copyright Texas Association of School Boards, Inc. All rights reserved.
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