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2011LTISDBondProposal

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BondAdvisoryCommittee

Approach

EvaluateLTISDBondProcessesandHistory

1. CostEstimatingMethods

2. AccountabilityforpastBondFunds

3. VettingProcessforInitialProposals

4. OverallNeeds

Assessment

EfficiencyandEconomyofScaleEfforts

ValidateAccuracyofPastDemographicData

Developand

Utilize

Decision

Making

Criteria

Comprehension,Discussion,andConsensus

RepresenttheCommunity

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BondAdvisoryCommittee

Commitment

Personal

Time

7

BAC

Meetings

@

3

hours

eachPreparationandFollowUp

AlwaysConsidertheEducators,StudentsandVoters

Objectivity

MakeData

Based

Decisions

Consensus

SupporttheDecisionsoftheTeam

Examineanything

that

would

adversely

impact

this

BondProposalbecauseofhowcriticalapprovalis.

BuildStrongCaseforAction

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CaseFor

Action

Ourstudentenrollmentisgrowing Reliable

demographicanalysis

predicts

steady

and

continued

growth

Newand

expanded

facilities

are

needed

to

meet

this

growth Ourcurrentfacilitiesareatornearcapacity

Theuse

of

portable

classrooms

is

not

aviable

solution theextendeduseofportablesis

expensive,unsightly,andnotapreferredlearning

environment

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CaseFor

Action

UseoftheO&Mcomponentofthedistrictbudgetto

fund

expansion

to

meet

a

growing

student

population

is

notfeasible LTISDisaChapter41(RobinHood)

schooldistrictandthisapproachwouldrequiretaxing$2

toreceive$1inusablefunds.

WithoutI&Sfundingofschoolconstructionviathisbond

proposal,

LTISD

will

not

be

able

to

meet

future

growth/capacityrequirements.

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CaseFor

Action

Delayingschoolconstructionwillresultin

crowdingin

our

existing

facilities

and

increased

student/teacherratios,whichcouldadversely

impactstudentperformance.

EffectivelyutilizedTechnologyhasastrong

correlationtoimprovedoperationalefficiencies,

exemplarystudentperformanceandattendance.

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DecisionCriteria

EnrollmentGrowth

ProgramViabilityandEquity

ProtectandReplaceAssets

Neededin57YearBondHorizon

SupportCoreServices

FulfillRegulatory

Requirements

SupportLTISDs HighEducationalStandards

Necessary NotNiceToHave

TaxPayer

Impact

VoterReaction

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BondProposal

Summary

$266,106,745 Originally

Identified

Components

($85,276,797) EliminatedbyLTISDSr.Staff

$180,829,948 PresentedtoBACforconsideration

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BondProposal

Summary

(cont)

$180,829,948 PresentedtoBACforconsideration+ $613,905 AdditionalSafetyandElectricalUpgrades

($12,286,940) TightenedConstructionEstimates

($5,811,477)

New

Early

Childhood

Center ($1,444,908) AllAthleticFacilityImprovements

($543,403) RevisedTechnologyCostEstimates

($2,435,512) RevisedTechnologyProposal

($467,274)

Contingency

&

Closing

Cost

Reduction

$158,454,339 CurrentBondProposal

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BondComponentAnalysis

BigFour:

1. NewElementary#6 $25,000,538

2. HBMSExpansion $22,246,711

3. NewLTMS $53,729,520

4. LTMSConversiontoLTHS $20,624,740

Total $121,601,509 (77%)RemainingComponents=$36,852,830

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BondComponent

Analysis

(cont)

OtherNecessarySchoolProjects(13%)Lake

Travis

High

School

$8,594,354

LakeTravisElementary $2,028,752

Lakeway Elementary $3,580,588

BeeCaveElementary $2,581,132

LakePointeElementary $2,004,481

Serene

Hills

Elementary

$1,937,955

Total $20,727,262

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BondComponent

Analysis

(cont)

DistrictWide $9,277,383 (5.8%)

BondReimbursements $500,000 (.3%)

Contingency

$4,548,185

(3%)

ClosingCosts $1,800,000 (1.1%)

Total $16,125,568 (10.2%)

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EstimatedTax

Impact

Taxincreaseofthisbondisapproximately$0.0924,foratotaltax

rateof$1.4083.

AnticipatedaveragemarketvalueofaresidenceinLakeTravisISD

isapproximately$400,000for201112.

AfterLTISDs20%OptionalHomesteadExemptionandtheStateofTexas$15,000MandatedExemption,thisbondelectionrepresents

anincreaseofapproximately$281.88annuallyfortheaverage

homeowner.

Residentsoverage65withataxFreezewillhavenotaximpact

asaresultofthisbondelection.

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SummaryDemographicsandCapacityDemandAction

ExtendedUse

of

Portables

Is

Not

Viable

O&MCannotFundExpansion

DelayingExpansionHasHighPotentialforAdverseImpact

on

Student

PerformanceEffectivelyUtilizedTechnologyyieldsmultiplebenefits

TheBondAdvisoryCommitteeUnanimouslyRecommends

AnOverall

Bond

Proposal

of:

$158,454,339