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4 <br /> County Per Pupil Appropriation History - chart <br /> Teacher Turnover District vs. Statewide - chart <br /> State Teacher Pay Scenarios - chart <br /> School Capital Budget - chart <br /> O FY16-17 Capital Budget Recommendations <br /> • Capital funds distributed by ADM between districts <br /> • FY2016-17 is first of three (3) installments for bond financing <br /> • Next two draws recommended in FY2018-19 and FY2020-21 <br /> Bond Debt Service Payments <br /> O Debt service schedule based on $125 million issued in three installments <br /> • FY 2016-17 $42,500,000 <br /> • FY 2018-19 $42,500,000 <br /> • FY 2020-21 $40,000,000 <br /> O Impact fees may be used to reduce debt burden for projects that increase capacity. <br /> (salmon colored hand out) <br /> Commissioner Rich asked if impact fees are used for anything other than schools. <br /> Paul Laughton said impact fees are only used for schools and must be used for <br /> construction purposes, expansions for capacity, etc. <br /> Commissioner Rich asked if impact fees are collected countywide and go into one pot. <br /> Paul Laughton said the fees go into a special revenue fund, and are separated out by <br /> school district based on from where the fees are gathered. <br /> Commissioner Jacobs said a master park plan was required in order to do a payment in <br /> lieu program. He said the fee then goes to the park located in the area served by the <br /> development that has made the payment in lieu. <br /> Commissioner Jacobs asked what will happen if one district has more than another to <br /> put towards paying off the bond. <br /> Paul Laughton said fees must be used for increased capacity expansion and this total <br /> will vary from year to year. <br /> Commissioner Jacobs asked if the capacity improvements being done via bond funds <br /> could be paid for with impact fees. <br /> Paul Laughton said yes as long as the improvements are for capacity. <br /> Commissioner Jacobs referred to the bond debt service chart and reviewed the tax <br /> increases in coming years. <br /> Travis Myren said as the tax base grows, so will the tax yield. <br /> Commissioner Jacobs said he would like to see a projection of the tax increases and <br /> impact fees for the next five years, as well as a projection from the schools regarding how <br /> much of the expansions costs could be covered by impact fees. <br /> End of school slides. <br /> Commissioner Dorosin referred to the teacher turnover rates, noted on page 9 of the <br /> PowerPoint. He said there needs to be a discussion about realistic comparables. He said the <br /> counties listed are comparable in population, but the schools districts in these listings vary <br />