Lscs 2013 bond overview final-v8
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Transcript of Lscs 2013 bond overview final-v8
Opening doors to a better community
2013 Election & Bond Referendum
Quick Facts for LSCS
Taxpayers see $2.30 ROI for every dollar invested in LSCS. We’ve added 30,000 students in the last 5 years, a 58% increase.
LSCS now has 78,000 students enrolled in credit classes, and a total of 90,000 students including non-credit and continuing education.
We are the fastest-growing community college system in the nation. We are the largest institution of higher education in Houston.
We add $1.1 billion annually to the Houston economy with increased student earnings and employer workforce productivity.
78% of BA degree completers in Texas attended a 2-year institution like LSC. LSCS is a primary provider of nurses and first responders in our area; 60%
of nurses and 84% of first responders are trained at a community college like Lone Star College.
LSCS is celebrating 40 years of student success and credential completion in 2013.
College District Area
• 11 School Districts
• 77,877 Students
• 1.8 M Population
• 1,400 Square Miles
• 5,600 Employees
System Wide
Locations
LSC-CyFair
LSC-Kingwood
LSC-Montgomery
LSC-North Harris
LSC-Tomball
LSC-University Park
• Represented area business, education, government
and civic leaders • Assessed utilization of current facilities • Analyzed historical and future enrollment trends
– Reviewed future space requirements – Evaluated campus master plans
• Developed recommendations for each campus • Presented CFRC recommendations to the LSCS Board
of Trustees on February 7, 2013.
Citizens Facilities Review Committee
Citizens Facilities Review Committee
Jerry Albrecht Rhoda Goldberg Larry Lipton Denese & Dick Schmelzkopf Erv Baumeyer David Gottlieb Carole Little Marshall Schott Genesee Bell Reggie Gray Jerry Lowry Guy Sconzo Gabe Beltran Chris Grice Linda Macias Nancy Shortsleeve Rick Berry Scott Harper Jamie Mares Louis Smith Debbie Blackshear Mark Henry Julie Martineau Ann Snyder Dalane Bouillion Bruce Hillegeist Leslie Martone Todd Stephens Jill Boullion Olus Holder Mary Matteson Parrish Melinda Stephenson Mike Byers, Sr. Marie Holmes Susan McDonald Don Stockton Jim Cain Linda Humphries John McStravick Barbara Thomason Ann Candela Gerald Irons, Sr. Linda Mercier Lloyd Tisdale Richard Cantu Mary Jadloski Roy Morton William Turk Lamar Casparis Keith Kearney John Neubauer David Vaughn Sonia Clayton Tom Kikis Don Norrell Massey Villarreal Andy Dill Lori Klein Quinn Ken Odom Kelly Violette Charlie Dromgoole Robert LeDay Peggy Presnell Bud Wethington Paul Dusebout Beverly Leday Beryl Ramsey Mary Whitaker Don Fincher Reginald Lillie Lee Robison Glenn Wilkerson Kenn Franklin Enrique Lima Mario Rosales Jennifer Williams Don Gaddy Jane Linder Deborah Rose Miller Gary Gardner Justin Lindstorm Mark Sappington
Growth
010,00020,00030,00040,00050,00060,00070,00080,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fall Enrollments 2001 - 2012 77,877
+58% in 5 years
30,288
49,267
SLIDE 8
Texas Public Community Colleges Fall 2012 Preliminary Headcount
Source: TACC 10/15/2012
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000Lone Star College System
Enrollment to Space Comparison
Spa
ce -
Squ
are
Foot
age
(ksf
)
Enr
ollm
ent
Total System Space (KSF) Enrollment
2013 Program Emphasis
LSCS only builds to meet capacity needs.
SLIDE 10
2008 Projections vs. Actual
48,520 52,997
60,230
23,147
40,491
69,339
77,877
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
2000 2005 2008 2010 2012 2015
STUDENT ENROLLMENT 2008 BOND PROJECTIONS vs ACTUALS
2008 Projections2013 Actuals
Funding
5.18 3.91 3.97 3.50 3.40 3.13 3.47 3.47 3.47 3.47 3.35 3.35 3.35 3.35 3.35 3.35
6.80 8.07 7.77
7.50 7.60 7.42 7.98 7.98 8.60 8.20 8.09 7.66 7.66
8.41 8.75 8.63
0
1
2
3
4
5
6
7
8
9
10
11
12
13
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12
Cen
ts p
er $
100
Valu
atio
n
TOTAL TAX RATES 1997-2012
M & OI & S
Smart Investment for Future Growth
No tax rate increase
Strong budget management and accelerated debt pay down
AAA Bond Rating from Standard and Poors
Eight credit rating increases in last nine years
Administrative operating expenses under 12%
Tax rate is at same level as 15 years ago Received Certificate of Excellence in Financial Reporting each
year since 2004
Last 2 Bond Elections did not raise tax rate
All this while doubling enrollment in last 10 years
LSC-CyFair
LSC-CyFair 2018
LSC-Kingwood
LSC-Kingwood 2018
LSC-Montgomery
LSC-Montgomery 2018
LSC-North Harris
LSC-North Harris 2018
LSC-Tomball
LSC-Tomball 2018
Off Site Projects
LSC-University Park
LSC-University Park 2018
LSC-System Office
LSC-System Office 2018
Financial Summary
Project Total by Type Quantity Estimated Costs
New instructional and support buildings 996,000 sf $360,400,000 Renovations 252,000 sf $20,000,000 Increased parking 5,630 spaces $36,900,000
Facility Condition Assessment $16,500,000 Campus Safety and Security $63,900,000 Technology Infrastructure Program Management Land Acquisitions Costs / Growth Contingency
Program Total $497,700,000
Project Total by Campus 2013 Program Projections
CyFair $55,000,000 Kingwood $38,200,000 Montgomery $38,900,000 North Harris $120,000,000 Tomball $102,200,000 University Park $59,300,000 Improve campus safety and security $84,100,000 Expand and upgrade technology infrastructure Improve traffic flow and campus access Program management and land acquisitions Cost and growth contingencies New educational support building
Program Total $497,700,000
Quick Facts for LSCS
Taxpayers see $2.30 ROI for every dollar invested in LSCS. LSCS has 78,000 students enrolled in credit classes, and a total of
90,000 students including non-credit and continuing education.
We are the fastest-growing community college system in the nation.
We are the largest institution of higher education in Houston. We add $1.1 billion annually to the Houston economy with increased
student earnings and employer workforce productivity.
78% of BA degree completers in Texas attended a 2-year institution like LSC.
LSCS is a primary provider of nurses and first responders in our area; 60% of nurses and 84% of first responders are trained at a community college like Lone Star College.
LSCS is celebrating 40 years of student success and credential completion in 2013.
Smart Investment for Future Growth
No tax rate increase
Strong budget management and accelerated debt pay down
AAA Bond Rating from Standard and Poors
Eight credit rating increases in last nine years
Administrative operating expenses under 12%
Tax rate is at same level as 15 years ago Received Certificate of Excellence in Financial Reporting each
year since 2004
Last 2 Bond Elections did not raise tax rate
All this while doubling enrollment in last 10 years
Questions? LoneStar.edu/Bond2013