Bond Issue Planning ProcessRecommendations for the projects in the 2014 bond issue came directly from the community. A citizen facilities advisory committee comprised of district stakeholders participated in a series of meetings and developed recommendations. The Board of Education is now seeking permission from the voters to access funding for the identified projects.

Identified PrioritiesSecure: Safety and security upgrades include

controlled entrance access at every school. A “buzz-in” system will be installed at school entrances. Camera systems will be upgraded to enhance security in high-priority areas.

Innovate: Expanding the capacity of the district’s fiber network will ensure timely delivery of digital curriculum content anytime, and anywhere, within all School District 145 buildings.

Renovate: We must provide learning environments that meet the needs of all School District 145 students while promoting equity. Potential future utilization will be taken into consideration when renovating existing facilities and infrastructure.

Our Educational Buildings:WHS: Waverly High School

WMS: Waverly Middle SchoolWIS: Waverly Intermediate SchoolHES: Hamlow Elementary School

EES: Eagle Elementary School

Scho

ol  District  1

45  -­‐  Waverly

PO  Box  426

Waverly,  N

E  68462

SCHOOL DISTRICT 145

WAVERLY2014 Bond Issue Facts

Please review the enclosed information to learn more about action taken on

August 4, 2014 by the District 145 Board of Education. The Board voted to place a $15.5

million bond issue on the ballot for the November 4, 2014 General Election. The

bond issue includes improvements to enhance safety and security, technology,

and renovate portions of existing facilities.

www.district145.org/bond

Financial Considerations and Tax Impact

The District 145 bond issue is for $15,580,000. Projects, and the sale of bonds, will be phased in over several years. The 1996 Waverly High School bond debt will retire in 2016, reducing the tax levy impact. The tax rate is significantly lower in 2014 than 2005 when voters last approved a bond issue to build Waverly Middle School and add onto Waverly High School.

Historically low interest rates create very favorable financing conditions.

Total Tax Levy2005 = $1.315 (WMS bond issue approved)2013 = $1.2166 2014 = $1.2020 (lowest levy since 2004)2015 = $1.217 Estimated if bond approved 2016 = $1.252 Estimated if bond approved

The estimated tax impact if the bond issue is approved by voters:

Year Taxable Property Value Annual Impact 2014 $100,000 -$14.60 2015 $100,000 + $15 2016 $100,000 + $35

School district operating funds pay for day-to-day expenses:

•Personnel Salaries

•Transportation•Utilities•Supplies and textbooks

•Gifted and special educational programs

Capital funds pay for major renovations. The most common way of financing capital funds is through the sale of bonds. This money is then paid off over a number of years, through taxes. Bonds allow school districts to complete projects now, and pay them off gradually over time – much like a mortgage on your home.

School District 145 encompasses over 300 square miles and serves a steadily growing number of students and families in, and surrounding the communities of Alvo, Eagle, Prairie Home, Walton, and Waverly. Our 270 district employees are working together each day to provide a quality educational experience for more than 1,900 students in grades K-12.

Waverly High School students consistently outscore their peers at the state and national level on the ACT college entrance exam.

Student enrollment since 1990 has grown an average of 1% annually. K-12 enrollment in 2005 was 1,632; currently it exceeds 1,900 students. Current facility capacities exceed future enrollment projections.

Since 2013, over $4 million invested to upgrade HVAC systems at Eagle and Hamlow elementary schools, plus replace exterior and interior fire doors at all three elementary schools.

Total Tax Levy for 2013-14

Have Questions?Visit: www.district145.org/bond

Call: 402-786-2321Email: info@district145.org

Impact of Bond Issue:Secure: Modify existing facilities to create secure entrances in our schools.

Innovate: Increase the bandwidth capacity of the fiber backbone that connects all schools to each other and the Internet. Increase wireless access: Upgrade cabling, switches, controllers and access points to provide the capacity required to deliver curriculum digitally. Replace phone system at WIS & WHS.

Renovate: Providing positive learning environments in schools.Renovations include:

•Waverly HS band room•Elementary school restrooms (Eagle, WIS, Hamlow)•Classrooms at Eagle, WIS•Replace carpeting at WHS•Update Intermediate School heating system•Replace 1998 portion of Waverly HS roof•Exterior metal panels to replace EIFS (Exterior Insulation Finish System) at Eagle and WHS

•Concrete and asphalt replacement at Hamlow, WIS, WHS, Viking Stadium

Public meetings will be held to provide more information on the bond issue, both at 7pm on:

-Tuesday, October 14th (Middle School)-Monday, October 20th (Eagle Elementary)

Waverly High School FFA chapter is

celebrating 85 years of

leadership and service to the community.