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CUSD Number 100 – Belvidere

CUSD Number 100 – Belvidere. Investment Banking Services. January 18, 2011. Debt Profile. Summary of Outstanding Debt. Summary of Outstanding Debt. Current Situation. Notes.

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CUSD Number 100 – Belvidere

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  1. CUSD Number 100 – Belvidere Investment Banking Services January 18, 2011

  2. Debt Profile

  3. Summary of Outstanding Debt

  4. Summary of Outstanding Debt

  5. Current Situation

  6. Notes The District’s debt service is growing by approximately 7-7.5% through levy year 2022. Referendum debt service extends through levy year 2023. For levy year 2009, the total P&I on debt service is $7.468,294. Debt service increases to a maximum of $18,050,000 in levy year 2022. The total tax rate for operating and bonds is estimated to increase for the next 5-10 years resulting from negative/low EAV reassessment, CPI increases and growing debt service. The following debt restructuring options achieve a total tax rate for operating and bonds at 5.00 for a period of 1) 5 years 2) 4 years 3) 3 years and 4) 6 years, completed in three phases.

  7. Option 1- 5 YR Restructure

  8. Option 2- 4 YR Restructure

  9. Option 3- 3 YR Restructure

  10. Option 4- 2 YR Restructures for 6 years

  11. Summary of Options

  12. Appendix- Market Information

  13. Historic AAA MMD Interest Rates AAA Municipal Market Data (“MMD”) during the past 5 years % 20-year AAA MMD 4.39% 3.16% 10-year AAA MMD Note:Reflects market conditions as of January 6, 2011 Source: Thomson Financial

  14. AAA MMD curves during the past 7 years MMD Yield Curve Term (years) Note:Reflects market conditions as of January 6, 2011 Source: Thomson Financial Municipal Yield Curve Comparison

  15. William Blair & Company

  16. Marketing and Distribution Capabilities • One of the largest fixed income sales force in the Midwest with 14 traders and salespeople • Relationships with over 250 Key National Buyers (Tier 1) • Large Number of 2nd and 3rd Tier Accounts • Target asset managers, bond funds, insurance companies, bank trust departments, investment advisors, and corporations. • Different types of investors purchase at different points of the yield curve. • We market on a maturity by maturity basis (BABs and Tax Exempt). • There is no internal incentive to sell Tax Exempt vs. BABs or other type • 90 Private Client Advisors serve the investment needs of high net worth retail investors with over $6.6 billion in assets • National Retail Sales Manager sits on Fixed Income Underwriting Desk and is involved in pricing

  17. William Blair & Company is a Top Ten Underwriter of Illinois School District Bond Issues-2009 Source: Ipreo – February 2, 2010

  18. William Blair & Company is a Top Ten Underwriter of Illinois School District Bond Issues- 2008 Source: Ipreo – February 2, 2009

  19. William Blair & Company’s Broad Range of Services Focus on School District Financial Needs • William Blair & Company specializes in Illinois school district finance, providing the following services • Consulting services and expertise related to school building and long term borrowing. • Cash flow needs and short term borrowing. • Refunding opportunities – current and future. • Restructurings. • Financial Projections. – Short term and long term • Tax Increment Financing and Intergovernmental Agreement Analysis • Referendum Consulting. • Advisory Services related to Tax Rate Referenda, Bond Referenda, County School Facilty Tax Referenda • Tax impact option evaluation • Referendum Committee campaign consulting • Market Research • Dissemination Agent Services • Public Bond Sales • The firm takes a long-term, proactive approach with clients future planning for current and capital and operating requirements.

  20. William Blair & Company Has Significant School District Experience

  21. $5,770,000 School District Number 25Cook County, Illinois (Arlington Heights) General Obligation Limited Tax School Bonds, Series 2008 Manager $5,000,000 Community Unit School District Number 187 Lake County, Illinois (North Chicago) 2007 Educational Purposes Tax Anticipation Warrants Manager $2,120,000 Community Consolidated School District Number 34 (Glenview) Cook County, Illinois General Obligation Limited Tax School Bonds, Series 2008 Manager $2,400,000 Community Consolidated School District Number 96Lake County, Illinois (Kildeer-Countryside) General Obligation Refunding Bonds, Series 2008 Manager $1,760,000 School District Number 63DuPage County, Illinois (Cass) 2007 Educational Purposes Tax Anticipation Warrants Manager $8,200,000 School District Number 36 Cook County, Illinois (Winnetka) General Obligation School Bonds Series 2008 Manager $14,570,000 Township HighSchool District Number 225 Cook County, Illinois (Glenbrook) General Obligation School BondsSeries 2008 Manager $14,585,000 Community Unit School District Number 304 Kane County, Illinois (Geneva) General Obligation School Bonds, Series 2008 Manager $1,350,000 School District Number 76 (Diamond Lake) Lake County, Illinois General Obligation Refunding Bonds, Series 2008 Manager $8,030,000 Township High School District Number 204 Will County, Illinois (Joliet) General Obligation Limited Tax Bonds, Series 2008 Manager William Blair & Company Has Significant School District Experience $14,395,000 Community Consolidated School District Number 146Cook County, Illinois (Tinley Park) General Obligation Limited School Bonds, Series 2008 Manager $2,050,000 School District Number 67 Lake County, Illinois (Lake Forest) General Obligation Limited Tax Debt Certificates, Series 2008 Manager $34,650,000 Community Unit School District Number 428DeKalb County, Illinois General Obligation School Bonds Series 2008 Manager $1,210,000 Consolidated High School District Number 120 Lake County, Illinois (Mundelein) General Obligation Refunding School Bonds, Series 2008 Manager $4,995,000 School District Number 23Cook County, Illinois (Prospect Heights) General Obligation Limited Tax School Bonds, Series 2008 Manager $14,080,000 Community Consolidated School District Number 146Cook County, Illinois (Tinley Park) General Obligation Limited Tax Lease Certificates, Series 2008 Manager $5,000,000 Community High School District Number 117 Lake County, Illinois (Antioch and Lake Villa) 2007 Educational PurposesTax Anticipation Warrants Manager $5,270,000 School District Number 26 Cook County, Illinois (River Trails) General Obligation Limited Tax Refunding Bonds, Series 2008 Manager $38,075,000 Community High School District Number 124 Lake County, Illinois (Grant) General Obligation School Building Bonds, Series 2008 Manager $7,455,000 Community Unit School District Number 314 Carroll and Jo Daviess Counties (West Carroll) General Obligation School BondsSeries 2008A Taxable General Obligation School Bonds Series 2008B Manager

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