PATRICIA A. PUTTY DR. ROGER WARD JO ANNA FRYMAN ROBERT CONWAY JENNIFER HOLBERT REBECCA W. SAMS

Superintendent C hair Vice-Chair Board Member Board Member Board Member

81 77 69

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50 47

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Academic Accountability Percentile Ranking in the State

Community Forum 8/29/13 and 9/19/13

6:30 p.m.

Scott County Schools

Scott County received a classification of

Proficient.

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Enrollment Information

In Scott County, FTE (Full Time Equivalency) is the number of students in grades 1st – 12

th

plus one-half of the number of kindergarten students.

Example: In a school with 100 kindergarteners and 300 students (1st – 5

th grades)

there would be 350 FTE enrolled students.

Student enrollment growth in Scott County Schools has increased by 212 FTE enrolled

students on average each year since 2000.

We anticipate that in 2020 our school district will have over 4,000 additional FTE enrolled

students than in 2000 (using the projections above).

When compared with a study done by the University of Louisville and published on 8/6/13

regarding projections from the 2010 census, 4000 more FTE enrolled students appears

conservative. According to the Louisville study, Scott County can expect 12,094 total

people (ages 5-19) by the year 2020.

(FY)

(Fiscal Year = School Year)

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Decrease in Adjusted Revenue per FTE Students

Reductions in State Funding (per pupil statewide)*

FY 2007-2008 FY 2011-2012

SEEK $4,320 $3,769

Preschool $4,092 $3,191

Family Resource Youth Service Centers $103 $87

After school Tutoring (ESS) $59 $20

Training (PD) $25 $4

Safe Schools $17 $6

Textbooks $40 $0

*Taken from information provided by the Kentucky Education Action Team

Since 2008, the student enrollment

in Scott County has increased

yearly by over 200 FTE enrolled

students and the adjusted revenue

per FTE has decreased.

2013 and 2014 numbers used in

the above graph are based on the

2013 and 2014 budgets.

If the District had the same adjusted revenue per FTE enrolled student for FY 2009-2014, as in FY08, the

District would have received an additional $12,196,679.00 or an average of $2,032,780.00 additional

General Fund dollars per year.

(Adjusted revenue represents total sources of funds less: Beginning Balance, Reimbursements for Land

Purchase, State On-Behalf-Of Payments, Capital Lease Proceeds, and Prior Year Adjustments for Reduction

in Liabilities.)

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SEEK (Support Education Excellence in Kentucky) - Kentucky’s K-12 school

funding system implemented in 1990-91 to improve the equity of Kentucky’s school

finance system.

Other Local Revenue – Includes Penalties and Interest on Property Taxes, Omitted

Property Tax, Earnings on Investments, building use fees, lease income, and other

miscellaneous receipts.

Other State Revenue – Partial reimbursement for Career Tech. transportation,

Telecom Hold Harmless payment, and partial reimbursement for National Certified

Board Teacher supplements.

General Fund Sources of Revenue

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Current General Fund Budget

The Scott County General Fund percentage budgeted for salaries and benefits (85%) is equal

to the state school district average according to information provided by the Kentucky

Department of Education.

State law [KRS 160.470(6)(a)] requires a set-a-side of 2% of the total budgeted General

Fund and Food Services Fund expenditures as a contingency.

General Fund is not normally used to pay for construction costs.

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Scott County Schools Enrollment vs. Capacity

School Enrollment/ (FTE)

as of 8/15/13 Capacity Preschool 1st Day of Preschool is 9/3/13 240

Anne Mason Elementary 745/(682) 550

Eastern Elementary 543/(505) 392 Garth Elementary 482/(445) 503

Lemons Mill Elementary 274/(248) 300* Northern Elementary 366/(335) 450 Southern Elementary 603/(562) 650

Stamping Ground Elementary 336/(312) 400 Western Elementary 757/(713) 625

Total Elementary 4,106/(3,802**) 3,870

(3,802 + 112 FTE Extended Day K

students = 3,914)

Georgetown Middle 504 464 Royal Spring Middle 770 733 Scott County Middle 761 1,027

Total Middle 2,035 2,224 # of Students Attending***:

Morning Afternoon

Elkhorn Crossing 395 392 500 Scott County 9th Grade 576 600 621

Scott County High School 1,454 1,433 1,095 * Phase 1 of Lemons Mill has a capacity of 300. Phase 2 (scheduled to open in August of 2014) will add capacity for an additional

300 students.

** 4,106 would be the total elementary student enrollment including full-day kindergarten.

*** Students from the 9th

grade and Scott County High School attend classes at Elkhorn Crossing School half-day. As of 8/21/13,

there are 395 students attending ECS in the morning and 392 attending ECS in the afternoon.

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The national median price/sq. ft. for a 1,100 student high school is $219.18.

All government buildings and schools must comply with Kentucky prevailing wage law. The prevailing wage increases construction costs approximately 25%.

The price/sq. ft. varies by bid date. Construction projects bid more recently cost more per sq. ft. than projects bid before 2011.

New Construction Cost Comparison As Reported by the Kentucky Department of Education

District Capacity

(students) Bid Date Sq. Ft. Price/Sq. Ft.

Construction Cost

(in Millions)

Final Cost*

(in Millions) Completion

Date

Shelby County 1,567 Jan. 2009 225,428 $154.00 $34.8 $41.7 Aug. 2010

Clark County 1,900 Nov. 2010 297,647 $160.00 $47.6 $59.9** Aug. 2013

McCracken County 2,000 Dec. 2010 280,610 $198.00 $55.6 $67.8 Aug. 2013

Nelson County 1,000 Mar. 2010 136,527 $163.00 $22.3 $26.4 Aug., 2012

Boyd County 1,000 Nov. 2010 144,447 $197.00 $28.4 $36 Dec. 2012

Washington County

600 Mar. 2012 99,206 $183.00*** $18.2 $21.5 Under

construction

* Final Costs include additional “soft costs” such as architect, construction manager, bond sale costs,

contingency, furniture/equipment, technology/phones, special testing, Builder’s Risk Insurance, and legal fees.

** According to the Clark County superintendent/facility director the final cost was $57.7 Million and does

not include a competition gymnasium. *** A recent version indicated that this amount was $292.00. This amount was reported by the architect to

the Kentucky Department of Education (KDE) and was revised on 8/27/13 after the architect noticed the amount was incorrect and reported the correct amount to KDE.

Scott County Projection

District Capacity

(students) Bid Date Sq. Ft. Price/Sq. Ft.

Construction Cost

(in Millions)

Final Cost*

(in Millions) Completion

Date

Scott County: Projection

1500 TBA 224,472 $210.00**** $47.1 $57.7 TBA

**** This amount was updated on 8/27/13 to indicate a projected price/sq. ft. without additional “soft costs.”

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Tax Rate Map

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With no tax increase, district bonding potential is projected to reach $57.7 Million in 2022.

With a $0.05 tax increase, district bonding potential is projected to reach $57.7 Million in 2016.

With a $0.09 tax increase, district bonding potential is projected to reach $57.7 Million in 2014.

$60,000,000.00

$40,620,000.00

$44,025,000.00

$55,745,000.00

$63,855,000.00

$8,075,000.00

$13,440,000.00

$17,950,000.00

$23,010,000.00

$28,250,000.00

$33,350,000.00

$37,100,000.00

$40,960,000.00

$53,700,000.00

$61,950,000.00

$0.00

$10,000,000.00

$20,000,000.00

$30,000,000.00

$40,000,000.00

$50,000,000.00

$60,000,000.00

$70,000,000.00

Current Aug.2014

Aug.2015

Aug.2016

Aug.2017

Aug.2018

Aug.2019

Aug.2020

Aug.2021

Aug.2022

District BondingPotential with $0.09 TaxIncrease

District BondingPotential with $0.05 TaxIncrease

Current District BondingPotential*

Bonding Capacity The District’s Ability to Borrow Funds for Construction

* Bonding capacity is based on projected assessments, student enrollment projections, and current interest rates.

$57,700,000

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Summary and Options

In the 2007-2008 school year (FY08), Scott County had 7,593 students enrolled. By 2012-2013

(FY13), that number increased by more than 900 students to 8,497 students, and will continue to

increase.

Our basic state funding (called SEEK) from 2007-2008 through 2011-2012 decreased from

$4,320 per pupil to $3,769 per pupil, a decline of more than $550 per pupil (nearly 13%).

Our General Fund receipts in 2007-2008 were slightly more than $44 Million. Since then, the

revenue per student has decreased cumulatively by over $12 Million.

Scott County has the 2nd

lowest Real Estate Tax Rate when compared with the 10 surrounding

central Kentucky school districts while achieving the 2nd

highest academic accountability

percentile within those same 10 school districts.

The district currently has $8,075,000 in bonding potential.

As a result, Superintendent Patricia Putty and the Scott County Board of Education would like to hear

your input regarding 4 potential options for building a second high school.

Option 1: Wait until bonding capacity increases to an extent that will allow a new high school to be constructed without phases.

According to projections about the bonding potential, the district is projected to have the bonding potential to begin building a $57.7 million high school in 2022. Construction time for a high school is between 18-24 months.

This statement does not take into consideration inflation in construction cost nor increases in interest rates.

Option 2: Increase taxes by $0.05 per $100 in assessed value. (Increase of $75 for home costing $150,000*)

According to projections, a tax increase of $0.05 would result in bonding potential of $57.7 Million in 2016.

This statement does not take into consideration inflation in construction cost nor increases in interest rates.

Option 3: Increase taxes by $0.09 per $100 in assessed value. (Increase of $135 for home costing $150,000*)

According to projections, a tax increase of $0.09 would result in bonding potential of $57.7 Million in 2014.

Option 4: Build a new high school in phases as bonding permits.

* In Scott County, the average assessed value for a single-family home (including those on farm property) is $158,461.

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Feedback sheet

Directions: Please tear off this page, indicate your preference of options and return to the designated areas before you leave tonight. Thank you for your time and interest in this evening’s forum.

Option 1: Wait until bonding capacity increases to an extent that will allow a new high school to be constructed without phases.

According to projections about the bonding potential, the district is projected to have the bonding potential to begin building a $57.7 million high school in 2022. Construction time for a high school is between 18-24 months.

This statement does not take into consideration inflation in construction cost nor increases in interest rates.

Option 2:

Increase taxes by $0.05 per $100 in assessed value. (Increase of $75 for home costing $150,000*)

According to projections, a tax increase of $0.05 would result in bonding potential of $57.7 Million in 2016.

This statement does not take into consideration inflation in construction cost nor increases in interest rates.

Option 3: Increase taxes by $0.09 per $100 in assessed value. (Increase of $135 for home costing $150,000*)

According to projections, a tax increase of $0.09 would result in bonding potential of $57.7 Million in 2014.

Option 4: Build a new high school in phases as bonding permits.

* In Scott County, the average assessed value for a single-family home (including

those on farm property) is $158,461.

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Please write in any additional questions or suggestions you may have in the box below: