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<br /> $30M Schools Deferred Maintenance Update
<br /> Bonds Bonds %Split by ADM
<br /> District Bonds Issued Authorized but
<br /> Authorized (FY 2020-21)
<br /> Un-Issued
<br /> OCS 12,003,000 0 12,003,000 41.10%
<br /> CHCCS 17,997,0001 631,7401 17,365,2601 58.90%
<br /> Total 1 30,000,0001 631,7401 29,368,2601 100.00%
<br /> BOCC Authorized $30M to both school systems on an ADM basis in FY 20-21. Bonds issued to date: $0 for
<br /> OCS and $631,740 for CHCCS.
<br /> Timing of Original Funding Tranches:
<br /> District FY 2020-21 FY 2021-22 FY 2022-23 Total
<br /> OCS 4,150,000 3,600,000 4,253,000 12,003,000
<br /> CHCCS* 1,800,000 10,000,000 6,197,000 17,997,000
<br /> Total 5,950,000 13,600,000 10,450,000 30,000,000
<br /> *Requested to delay Year 2 and Year 3 Tranches for 1 year due to pandemic
<br /> K-12 Supplemental Deferred
<br /> FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 Total
<br /> Maintenance Funding
<br /> Initial Allocation $ 5,950,000 $ 3,600,000 $ 14,253,000 $ 6,197,000 $ 30,000,000
<br /> Proposed Additional Allocation $ 3,000,000 $ 27,000,000 $ 30,000,000
<br /> Total 1 $ 5,950,000 1 $ 3,600,000 1 $ 17,253,000 1 $ 33,197,000 1 $ 60,000,000
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