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Carroll ISD - Understand Your Taxes4.4.17Understand Your Carroll ISD Taxes 1 1 2 2 Maintenance & Operations Budget = staffing costs, supplies, utilities, daily expenses etc. Interest & Sinking Budget = construction, capital improvements, buses, technology etc. 3 Budget Basics 3 4 Tax Rate History The tax rate consists of two components: *The Maintenance and Operations (M&O) Rate funds the annual operations of the district. Currently at $1.04 per $100 valuation, the first $1.00 of the tax rate is equalized under the State’s school finance formula with the district sending “Recaptured” funds back to the State under the Robin Hood system. Monies generated by the other adopted four cents stay entirely in CISD. With a vote of the citizens, the M&O rate can be a maximum of $1.17. *The Interest and Sinking (I&S) Rate funds the repayment principal and interest of bond issuances approved by voters with a maximum rate of $0.50 per $100 valuation. 4 Tax Rate History 5 5 6 Appraised Value by Type 6 For an average-valued home, the total property tax bill for 2017 was $8,355; the state keeps $29.9% to redistribute to other school districts. Because of Robin Hood, Carroll ISD keeps $5,857 and $2,498 is recaptured; in future if property values grow, CISD does not get to keep the M&O rate increases, only I&S which helps pay for new debt. 7 Property Tax Allocation 7 8 Property Tax Allocation 8 Chapter 41 District“Robin Hood” 9 9 10 Operating Budget Allocation 10 11 Key Financial Data Trends 11 12 Enrollment and ADA Trends 12 Understand Your Carroll ISD Taxes 13 13 CISD is still a Chapter 41 Robin Hood District and is estimated to give $19 million back to state in 2016-2017. Since becoming a Chapter 41 district in 2001, the state has recaptured more than $215 million from Carroll ISD. 14 14 School Bond Election Carroll Independent School District May 6, 2017 15 15 Key Facts: The election will include a single proposition totaling $208 million There will not be a Trustee election in May because all four incumbents were unopposed. The last school bond election was in May 2009 for $138 million Bond election information is available at CarrollBudget.com 16 16 Facility Planning Process Timeline leading up to a bond referendum 17 2014-2015 Strategic Planning Committee’s Work September 2015 School Board appoints citizen/employee committee to study facilities (CNPC) October 2015 Group reviews demographics/enrollment projections January-April 2016 Subcommittee work/tours schools and buildings 17 Facility Planning Process Timeline leading up to a bond referendum 18 May 2016 Committee reviews all financial options June 2016 Committee makes formal recommendation to Trustees Fall 2016 30 Presentations/Public Survey Conducted February 2017 Trustees call for May 6, 2017 bond referendum 18 Capital Needs Planning Committee Lauren Boeck Natalie Brown Anthony Bruster Todd Carlton, Co-Chair D’Lissa Cunningham Brian Dean Devon Doby Ben Dyer Donna Edwards Brian Francis Ashlea Garrison Christine Hanlon Rebecca Hindman Kerri Humble Paige Jezek Ken Johnson Ashley Lambert Hyke Link Chad McCoy Marcy McTaggart Lori Mitchell Kimberly Orosco Kelly Owens Mark Pedroza Kris Plummer John Reynal Kathleen Ruth Kristi Sargent Kristi Schneider Kathy Sparks Ashley Stern Nicholas Taylor Tish Troutman Kelli Walters Bill Webb Annie Zvonecek, Co-Chair 19 19 Committee’s Charge 2015-2016 school year Citizens and employees from each CISD attendance zone will serve in an advisory capacity to the School Board and Administration on a temporary basis regarding the topic of short-term and long-term capital needs planning. 20 20 Capital Needs Subcommittees 21 Building Use/Capital Improvements Technology/Instructional Programming Maintenance, Transportation, Safety & Security Extra-curricular/Co-curricular Facilities 21 Single Proposition $208 million 22 More than half of the total involves maintenance and general upkeep or lifecycle projects like HVAC, roofs, paint, carpet, tile, etc. 22 Bond Project List 23 23 Carroll Elementary 24 Build 6-Classroom Addition Replace Freezer / Cooler Area for the Kitchen Renovate Classrooms and Administration Areas Add/Renovate Restrooms Rework Stage and Equipment Add Windows for Existing Classrooms Replace Flooring as required Resurface Interior Walls of corridors, classrooms, etc… Electrical Projects Upgrades & Capacity - $3,500,000 Lifecycle - $10,000,000 Opened 1986 31 years 24 Carroll Elementary 25 Renovate Building Exterior Roof, Structure, etc… Resurface Playground Site work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 1986 31 years 25 Johnson Elementary 26 6-Classroom Addition Add a Gymnasium Renovate Restrooms Renovate the Auditorium Add/Renovate Custodial Closets Add Windows to Existing Classrooms Redesign the schools within the school (building divided into specific grade-level wings) Replace Flooring as required Upgrades & Capacity - $4,500,000 Lifecycle - $9,000,000 Opened 1979 38 years 26 Johnson Elementary 27 Resurface Interior Walls of corridors, classrooms, etc… Electrical Projects Renovations to Building Exterior, Brick Work, etc… Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 1979 38 years 27 Rockenbaugh Elementary 28 Renovate Administration Area at Front of the building Renovate Current Administration area into 6 Classrooms / Breakout Spaces Renovate Restrooms Replace Flooring as required Resurface Interior Walls of corridors, classrooms, etc… Electrical/Fire Alarm Projects Renovate Building Exterior, Doors, Roof, etc… Upgrades & Capacity $2,000,000 Lifecycle $8,000,000 Opened 1997 20 years 28 Rockenbaugh Elementary 29 Resurface Playground Install Canopy Systems Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 1997 20 years 29 Old Union Elementary 30 Addition of 6 Classrooms w/ Master plan 10 more Restructure Administration Area at Front of the building Renovate existing Administration Area into 4 Classrooms Renovate Classrooms Renovate Restrooms Replace Flooring as Required Resurface Interior Walls of corridors, classrooms, etc… Electrical/Fire Alarm Projects Improvements to Building Exterior, Doors, Roof, etc… Upgrades & Capacity - $2,000,000 Lifecycle - $8,000,000 Opened 2001 16 years 30 Old Union Elementary 31 Resurface Playground Add Canopy Systems Site Work Replace Sound System Equipment Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 2001 16 years 31 Walnut Grove Elementary 32 4-Classroom / Computer Lab Addition Renovate Administration Area Build Storage area within Service Yard Site Work Add Parking, Sidewalks, Fencing, etc… Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Upgrades & Capacity - $2,000,000 Opened 2011 6 years 32 Durham Intermediate 33 Renovate Science Labs Renovate Restrooms Renovate Cafeteria / Stage Miscellaneous Interior Renovations Replace Flooring as required Resurface Interior Walls of corridors, classrooms, etc… Install Interior Signage Electrical/HVAC/Fire Door Projects Upgrades - $3,000,000 Lifecycle - $5,000,000 Opened 1996 21 years 33 Durham Intermediate 34 Renovations to Building Exterior, Doors, Roof, etc… Site Work Technology Upgrades Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 1996 21 years 34 Eubanks Intermediate 35 Addition to Band / Choir Halls Miscellaneous Interior Renovations Resurface Interior Walls of corridors, classrooms, etc… Replace Flooring as required HVAC Project Install Canopy Systems Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Upgrades & Capacity - $2,000,000 Lifecycle - $6,000,000 Opened 2001 16 years 35 Carroll Middle 36 Miscellaneous Interior Renovations Resurface Interior Walls of corridors, classrooms, etc… Architectural Interior Acoustical Work Add storage Facility Renovate Track and Field Install Turf Field Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Upgrades - $2,500,000 Lifecycle - $500,000 Opened 2011 6 years 36 Dawson Middle 37 Renovate Restrooms Renovate Gymnasium Renovate Band/Choir Renovations and Practice Rooms Resurface Interior Walls of corridors, classrooms, etc… Replace Flooring as required HVAC Projects Renovations to Building Exterior, Doors, Roofs, etc… Install Canopy Systems Replace Track with additional drainage system Install Turf Field Upgrades - $500,000 Lifecycle - $5,500,000 Opened 2002 15 years 37 Dawson Middle 38 Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 2002 15 years 38 Carroll High 39 Renovate Science Labs Renovate Library Renovate Existing Band Hall Facilities for STEM Program Renovate Girls Locker Rooms for Security Reasons Add Locker Room for Girls Wrestling Renovate Restrooms Replace Flooring as required Resurface Interior Walls of corridors, classrooms, etc… Fire Door Project Renovations to Building Exterior, Brick, Roof, etc… Upgrades - $3,000,000 Lifecycle - $11,000,000 Opened 1999 18 years 39 Carroll High 40 Install Canopy Systems Renovate Baseball and Softball Facilities Renovate Football Field and Track Facilities Install Turf Field Site work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 1999 18 years 40 Carroll Senior High 41 Renovate Restrooms HVAC Project Renovate the Existing Auditorium and Support Spaces Renovate and Repurpose Existing Classrooms Renovate Student Activity Center and Food Court / Kitchen Resurface Interior Walls of corridors, classrooms, etc… Renovate Building Exterior, Doors, Roofs, etc… Renovate Exterior of Indoor Workout Facility Miscellaneous Renovations to Field House / Indoor Install Canopy Systems Upgrades - $8,000,000 Lifecycle - $19,000,000 Opened 1992 25 years 41 Carroll Senior High 42 Install Canopy Systems Renovate Baseball and Softball Facilities Renovate Football Field and Track Facilities Install four Turf Fields Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 1992 25 years 42 Music Facility (Domino Project) 43 Build an additional Auditorium to seat 700 Band Performance Halls (Classrooms/Practice Rooms) Instrument Storage Choir Performance Halls (Classrooms/Practice Rooms) Music Library Classrooms and other related facilities Other related support elements “domino project” Located at Carroll Senior High $24,000,000 Proposed 43 Aquatics Center 44 Repair the Pool Renovate Pool Area and Equipment Renovate Pool Mechanical Room and Equipment Renovate Locker Rooms as required Renovate Concessions Area Add Lighting Electrical Project Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Upgrades - $500,000 Lifecycles - $4,500,000 Opened 2001 16 years 44 Dragon Stadium 45 Replace Season Ticket Seats on the Home side Renovate Restrooms Resurface Finishes Replace Turf Selective Renovation of Press Box Graphics as required Lighting, Electrical, Fire Alarm Projects Renovate Parking Replace Fencing and Gates Upgrades - $250,000 Lifecycle - $3,750,000 Opened 2001 16 years 45 Dragon Stadium 46 Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Continued. . . Opened 2001 16 years 46 Transportation Facility 47 Renovate Restrooms Miscellaneous Renovations to allow for better use of Facility Mechanical, Lighting, Electrical, Fire Alarm Projects Renovate Parking Replace Fencing and Gates Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Upgrades - $300,000 Lifecycle - $700,000 Opened 2001 16 years 47 Administration Center 48 Miscellaneous Interior Renovations and Upgrades Renovate Restrooms Architectural Interior Acoustical Work Electrical, Plumbing, HVAC Projects Renovate Building Exterior, Roof, etc… Site Work Technology Projects Safety and Security Furniture, Fixtures & Equipment (FF&E) Upgrades - $500,000 Lifecycle - $5,500,000 Opened 1979 38 years 48 Districtwide 49 LED Lighting 21st Century Collaborative Learning Infrastructure & Furniture Irrigation Wells HVAC / Geo-Thermal / Other Artificial Turf Technology - $45,000,000 Infrastructure, classroom furniture, maker spaces, student devices, and teacher presentation resources Miscellaneous, Technology, Transportation, Band Instruments Proposed 49 Districtwide 50 Buses - $7,500,000 Buses Other Vehicles Band - $1,500,000 Instruments for all bands from intermediate campuses through senior high Miscellaneous, Technology, Transportation, Band Instruments Proposed 50 CISD’s bond ratings are Aa1 (Moody’s) and AA+ (Standard & Poor’s). In the last 10 years, the CISD tax rate has dropped 54.5 cents. Carroll ISD has the 5th lowest tax rate of 21 Tarrant County school districts. 51 51 Financial advisors used conservative forecasting for property value growth to estimate that CISD can sell and finance $208 million in bond projects without needing a debt service tax rate increase. 52 52 Voting Information Early voting April 24 - May 2 at SL Town HallElection day voting 7 am-7 pm Saturday, May 6 by precinctLast day to register to vote is April 6 53 www.CarrollBudget.com 53