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axahachie INDEPENDENT SCHOOL DISTRICT

axahachie INDEPENDENT SCHOOL DISTRICT. Long Range Facility Planning Committee Presentation October 2, 2014. BOND MARKET UPDATE. Current Bond Market Conditions. Permanent School Fund Guaranteed AAA Market Approximate Yields to Maturity: 1-year = 0.25% 5-year = 1.15% 10-year = 2.35%

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axahachie INDEPENDENT SCHOOL DISTRICT

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  1. axahachieINDEPENDENT SCHOOL DISTRICT Long Range Facility Planning Committee Presentation October 2, 2014

  2. BOND MARKETUPDATE

  3. Current Bond Market Conditions • Permanent School Fund Guaranteed AAA Market Approximate Yields to Maturity: 1-year = 0.25% 5-year = 1.15% 10-year = 2.35% 15-year = 3.30% 20-year = 3.70% 25-year = 4.00% 30-year = 4.20%

  4. VOTED BOND DEBT SERVICE

  5. HISTORICAL STATISTICS

  6. Recent Bond Election History

  7. Recent Bond Rating History

  8. Recent Bond Refunding History

  9. Taxable Value History

  10. Tax Rate and I&S Fund Balance History

  11. Surrounding District Comparison

  12. PRELIMINARY BOND PROGRAM ANALYSIS

  13. Preliminary Bond Program Analysis Scenario 1: $85,000,000 Structured for Level Total Debt Service Assumptions: Taxable Value – Assumed to Remain Constant at $2.95 Billion Use of TRE Revenues – Assumed to be $3,790,000 Per Year Interest Rate – Assumed to be 4.25% Amortization – Assumed to be 30 Years Tax Collection % – Assumed to be 99% Result: I&S Tax Rate = 37.0ȼ (An I&S Tax Rate Increase of 11.11ȼ )

  14. Preliminary Bond Program Analysis Scenario 2: $100,000,000 Structured for Level Total Debt Service Assumptions: Taxable Value – Assumes 5.00% Growth Per Year for 3 Years Use of TRE Revenues – Assumed to be $3,200,000 Per Year Interest Rate – Assumed to be 4.75% Amortization – Assumed to be 30 Years Tax Collection % – Assumed to be 99% Result: I&S Tax Rate = 37.0ȼ (An I&S Tax Rate Increase of 11.11ȼ )

  15. Tax Impact Chart

  16. Preliminary Bond Program Analysis Scenario 3: $133,000,000 Structured for Level Total Debt Service Assumptions: Taxable Value – Assumed to Remain Constant at $2.95 Billion Use of TRE Revenues – Assumed to be $3,200,000 Per Year Interest Rate – Assumed to be 4.75% Amortization – Assumed to be 30 Years Tax Collection % – Assumed to be 99% Result: I&S Tax Rate = 50.0ȼ (An I&S Tax Rate Increase of 24.11ȼ )

  17. Tax Impact Chart

  18. BOND ELECTION TIMING

  19. Bond Election Timing • May 9, 2015 • Board Action to Call for the Bond Election • On or Before February 27th • Early Voting • April 27th through May 5th • Bond Election • May 9, 2015 • Canvass Bond Election Results • May12th through May 20th • 30-Day Contest Period • 30 Days from the date the Board Canvasses the Bond Election Results • Sell the Bonds • Mid-July through Mid-August

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