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    SBSD - Public School Board MTG Presentation Updated 071416

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    Nicole
    The presentation provides an overview of different scenarios and financial analyses for the South Burlington school district's master planning process. Scenario 1 keeps all schools open with only stewardship projects, while other scenarios involve closing some schools, building new schools, and upgrading existing schools. The financial analysis models the costs, bond amounts, tax impacts, and savings of each scenario through 2036. It finds that scenarios involving school closures and new construction have higher total costs but result in lower long-term tax increases compared to keeping all schools open. The analysis excludes some factors like transportation costs and does not consider re-purposing closed school buildings.

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    SBSD - Public School Board MTG Presentation Updated 071416

    Uploaded by

    Nicole
    36 views12 pages
    The presentation provides an overview of different scenarios and financial analyses for the South Burlington school district's master planning process. Scenario 1 keeps all schools open with only stewardship projects, while other scenarios involve closing some schools, building new schools, and upgrading existing schools. The financial analysis models the costs, bond amounts, tax impacts, and savings of each scenario through 2036. It finds that scenarios involving school closures and new construction have higher total costs but result in lower long-term tax increases compared to keeping all schools open. The analysis excludes some factors like transportation costs and does not consider re-purposing closed school buildings.

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    SBSD -- Public School Board Mtg Presentation Updated 071416

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    The presentation provides an overview of different scenarios and financial analyses for the South Burlington school district's master planning process. Scenario 1 keeps all schools open with only stewardship projects, while other scenarios involve closing some schools, building new schools, and upgrading existing schools. The financial analysis models the costs, bond amounts, tax impacts, and savings of each scenario through 2036. It finds that scenarios involving school closures and new construction have higher total costs but result in lower long-term tax increases compared to keeping all schools open. The analysis excludes some factors like transportation costs and does not consider re-purposing closed school buildings.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    36 views12 pages

    SBSD - Public School Board MTG Presentation Updated 071416

    Uploaded by

    Nicole
    The presentation provides an overview of different scenarios and financial analyses for the South Burlington school district's master planning process. Scenario 1 keeps all schools open with only stewardship projects, while other scenarios involve closing some schools, building new schools, and upgrading existing schools. The financial analysis models the costs, bond amounts, tax impacts, and savings of each scenario through 2036. It finds that scenarios involving school closures and new construction have higher total costs but result in lower long-term tax increases compared to keeping all schools open. The analysis excludes some factors like transportation costs and does not consider re-purposing closed school buildings.

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    of 12

    South Burlington Schools

    Master Planning & Visioning


    Financial Analysis
    School Board Presentation
    July 13, 2016

    PRESENTATION OVERVIEW

    Review
    Scenarios
    Process
    Model
    Sensitivities & Limitations
    Outputs

    REVIEW

    Established scope
    Met w/staff & Board
    March 22 public
    presentation
    Additional info
    Data scrubbing &
    testing
    Questions from Board & public
    3

    SCENARIOS

    Scenario 1: All schools remain open.


    Stewardship only.
    Scenario 2:
    All schools remain
    open. Stewardship
    + upgrades to all.
    4

    SCENARIOS

    Scenario 3: Close Chamberlin.


    Stewardship + upgrades to all others.
    Orchard & Marcotte become K to 4.
    Middle School becomes 5-8.

    SCENARIOS

    Scenario 4: Close Chamberlin &


    Marcotte. Stewardship + upgrades to all
    others. Orchard becomes K to 2.
    Build new 3-5 elementary.
    Option: Two K to 4th grade, 5th to MS

    SCENARIOS
    Scenario 5: Close all elementary schools.
    Stewardship + upgrades to MS & HS.
    Middle School becomes 5-8. Build new
    K to 4.

    SCENARIOS

    PROCESS
    Updates since March
    Clarifications

    Pre-K
    Upgrades versus 21st C Learning

    PROCESS
    Upgrades: Renovations of existing
    configurations.
    21st Century: Drastically different
    configuration. Variety of space purposes
    and sizes, connectivity between
    classrooms, emphasis on flexibility.
    10

    PROCESS
    Updates since March
    New Information

    State payback
    Oak Creek appraisal

    11

    MODEL INPUTS
    BROKERS
    OPINIONS OF
    VALUE

    STEWARDSHIP
    UPGRADES
    TIMING

    COSTS

    FINANCING
    BOND AMOUNTS
    BOND TERMS

    OTHER FINANCING
    SOURCES
    12

    REAL
    ESTATE
    ESTIMATES

    OAK CREEK
    APPRAISAL
    TIMING

    SAVINGS
    OPERATIONAL
    SAVINGS

    EXCLUSIONS

    Transportation costs
    Enrollment sensitivities
    Environmental impacts
    Option 4b
    Option 6
    Re-purposing buildings
    Impact on neighborhood values
    13

    SENSITIVITIES &
    LIMITATIONS
    Apples-to-apples
    Scale and metric accuracy

    14

    OUTPUTS
    Costs & tax impacts

    Elementary Reconfiguration Only


    Whole District (w/MS & HS)
    21st Century for Whole District

    15

    OUTPUTS COSTS
    ELEMENTARY ONLY
    Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
    Stewardship

    $23 million $21 million $19 million $18 million $17 million

    Upgrades /
    Accommodations

    $0

    $7 million

    $6 million

    $0

    $0

    Total

    $23
    million

    $0

    New School

    16

    $28
    million

    $25
    million

    $5 million

    $2 million

    $29 million $38 million


    $52
    million

    $57
    million

    OUTPUTS TAXES
    ELEMENTARY ONLY
    CONDO

    ($226,000 Value)

    2026

    2016 Taxes = $4,701

    No Changes Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $5,772

    $6,509

    2031

    $7,339

    2036

    $5,813

    $5,832

    $6,559
    $7,399

    $6,589
    $7,422

    HOUSE

    ($366,000 Value)

    2026
    2031

    2036

    $5,785

    $6,522
    $7,353

    $5,903

    $5,970

    $7,399

    $7,456

    $6,602

    $6,665

    2016 Taxes = $7,614

    No Changes Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $9,348

    $10,541

    $11,885

    $9,414

    $10,622
    $11,983

    $9,445

    $10,671

    $12,020

    $9,368

    $10,561

    $11,909

    $9,560

    $10,692
    $11,982

    $9,668

    $10,794
    $12,075

    17

    OUTPUTS COSTS
    WHOLE DISTRICT
    Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
    Stewardship

    $23 million

    $21 million

    $19 million

    $18 million

    $17 million

    Upgrades /
    Accommodations

    $0

    $37 million

    $40 million

    $38 million

    $34 million

    $0

    $0

    $0

    $29 million

    $38 million

    New School
    Total

    18

    $23 million $58 million $59 million $85 million $89 million

    OUTPUTS COSTS
    WHOLE DISTRICT
    Overall
    District
    Elementary
    Schools
    (Exist & New)

    Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $7 million

    $7 million

    $7 million

    $7 million

    $7 million

    $6 million

    $12 million

    $7 million

    $36 million

    $39 million

    Middle School $3 million

    $12 million

    $14 million

    $12 million

    $14 million

    $27 million

    $31 million

    $30 million

    $29 million

    $59 million

    $85 million

    $89 million

    High School
    Total

    $7 million

    $23 million $58 million

    19

    OUTPUTS TAXES
    WHOLE DISTRICT
    CONDO

    ($226,000 Value)

    2026
    2031

    2036

    2016 Taxes = $4,701

    No Changes Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $5,772

    $6,509
    $7,339

    $5,813

    $6,021

    $5,867

    $7,399

    $7,557

    $7,514

    $6,559

    $6,751

    HOUSE

    ($366,000 Value)

    2026
    2031

    2036
    20

    $6,710

    $6,011

    $6,088

    $7,552

    $7,589

    $6,772

    $6,812

    2016 Taxes = $7,614

    No Changes Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $9,348

    $10,541

    $11,885

    $9,414

    $10,622
    $11,983

    $9,750

    $10,933
    $12,238

    $9,501

    $10,867
    $12,168

    $9,735

    $10,966
    $12,230

    $9,859

    $11,032

    $12,290

    21ST C. OUTPUTS COSTS


    WHOLE DISTRICT
    Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
    Elementary
    Schools
    (Exist & New)

    $7 million

    $7 million

    $7 million

    $7 million

    $7 million

    $6 million

    $81 million

    $41 million

    $53 million

    $39 million

    Middle School

    $3 million

    $50 million

    $51 million

    $49 million

    $51 million

    High School

    $7 million

    $83 million

    $96 million

    $91 million

    $89 million

    Overall Dist

    Total

    $23 million $221 million $195 million $200 million $186 million

    21

    21ST C. OUTPUTS TAXES


    WHOLE DISTRICT
    CONDO

    ($226,000 Value)

    2026
    2031

    2036

    No Changes Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $5,772

    $6,509
    $7,339

    $5,813

    $6,789

    $6,352

    $6,527

    $6,573

    $7,399

    $8,305

    $8,129

    $8,076

    $8,029

    $6,559

    $7,639

    2031

    2036
    22

    $7,442

    HOUSE

    ($366,000 Value)

    2026

    2016 Taxes = $4,701

    $7,395

    $7,337

    2016 Taxes = $7,614

    No Changes Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5


    $9,348

    $10,541

    $11,885

    $9,414

    $10,994

    $10,286

    $10,570

    $10,645

    $11,983

    $13,450

    $13,165

    $13,079

    $13,003

    $10,622

    $12,372

    $12,052

    $11,977

    $11,882

    QUESTIONS?

    23

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