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Date: November 20, 2014
To: Board of Trustees, News Media, Leadership Team
From: Daniel B. Merck, Ed.D.
Re: November 24, 2014 Board Meeting
The Board of Trustees will meet in executive session on Monday, November 24, 2014 at 6:00 p.m. in the Board Room of the Curtis A. Sidden Administrative Office on Griffin Mill Road. The board will convenue into the public meeting at 7:00 p.m. A proposed agenda is attached. News media may view the board packet at www.pickens.k12.sc.us The board packet is located under Board of Trustees/Meetings.
AGENDA SCHOOL DISTRICT OF PICKENS COUNTY
BOARD OF TRUSTEES Administrative Office
Pickens County, South Carolina November 24, 2014
I. Call to Order
II. Executive Session 6:00 p.m. A. Personnel Matters
1. Leaves/Hires/Separations B. Property Matters
1. Purchases/Sales/Leases/Disposal C. Act 155 Update D. Legal Matters
III. Presentations 7:00 p.m. A. Celebrations of Success – Dr. Danny Merck
IV. Public Input
V. Opening of the Public Meeting A. Changes and Approval of the Agenda B. Public Invocation- Dr. Brian Swords, Board Chairman C. Pledge of Allegiance- Dr. Brian Swords, Board Chairman D. Approval of Minutes
VI. Action Items A. Executive Session Motions (if necessary) B. Motions for New Business C. Approval of Board Committees- Dr. Brian Swords D. Approval of Ad-Hoc Strategic Planning Team- Dr. Brian Swords E. Approval of Continuation of Audit Services- Dr. William Roach F. Approval of Local Board Approved Courses- Mrs. Sharon Huff G. Approval of 2015-2016 School Calendar- 1st Reading by Caption/Title- Dr. Stephanie Lackey H. Approval of Capital Needs Plan- 1st Reading by Caption/Title – Dr. Danny Merck
VII. Comments A. Superintendent
Update on Board Workshop (11/17) B. Board Members
VIII. Adjournment
Board Members:
Dr. Brian Swords, Chair Mrs. Judy Edwards, Vice-Chair
Dr. Henry Wilson, Secretary
Mr. Phillip Bowers Dr. Herbert Cooper
Mr. Alex Saitta
SUPERINTENDENT Daniel B. Merck, Ed.D.
CLERK TO BOARD Rosanne L. Morris
School District of Pickens County Minutes of Board of Trustees
Administrative Office Pickens County, South Carolina
October 27, 2014
These minutes are not official until approved by the board at the next regularly scheduled meeting.
The following board members were present: Mr. Alex Saitta, Mr. Jimmy
Gillespie, Mr. Jim Shelton, Ms. Judy Edwards, Dr. Herbert Cooper and Dr. Brian
Swords.
Those present from the District Office were: Dr. Danny Merck, Dr. William
Roach, Dr. Stephanie Lackey, Mrs. Sharon Huff, Mr. Andy Coleman, Mr. John Eby, Dr.
Barbara Nesbitt, Mr. Marion Thomas, Ms. Terri Smith, Mr. Clark Webb and Mrs.
Rosanne Morris.
In accordance with S.C. Code of Laws, Section 3-4(d), as amended, the
following were notified of the date, time, place and agenda of the meeting: Ms. Alison
Glass, Anderson Independent Mai; Mr. Brett McLaughlin, The Journal; Mr. David
Williams, Anderson Independent Mail; Mr. Greg Oliver, The Journal; Mr. Jeff Brush,
Patch; Ms. Liz Carey, Anderson Independent Mail; Mr. Lonnie Adamson, Pickens
Sentinel/Easley Progress; Mr. Rocky Nimmons, Pickens County Courier; Mr. Ron
Dekett, Greenville News; Mr. Vince Jackson, Anderson Independent Mail; Mr. Woody
White, Greenville News; Mr. Zach Mauldin, Pickens County Courier; Mr. Ben
Robinson, Pickens County Courier; Mr. Gordon Dill, WSPA; Ms. Mary Lu Saylor,
WSPA; Mr. Rob Landreth, WSPA; Ms. Sara Lewis, WSPA; and Ms. Kim Deal, WYFF.
The following media representatives were present: Mr. Greg Oliver, Daily
Journal Messenger and Ben Robinson, Easley Progress and Ron Barnet, Greenville
News, Fox Carolina, WYFF News 4 and WSPA Channel 7.
I. Meeting Openings
Mr. Alex Saitta, Chairman, called the meeting to order by stating the meeting was
being held in accordance with the Freedom of Information Act.
A motion was made by Mr. Alex Saitta and seconded by Dr. Brian Swords to
adjourn into Executive Session for the purpose of Personnel Matters regarding
leaves/hires/separations, Property Matters regarding purchases/sales/leases/disposal,
Act 155 Update, Student PE Exemption and Legal Matters. The motion carried
unanimously.
The board returned from executive session at 7:00 p.m.
II. Presentations
A. Capital Needs
Dr. William Roach, Assistant Superintendent of Administration, presented the
board with the Capital Needs plan that will shift from a deferred maintenance model to
a preventative maintenance model for the district’s facilities. Dr. Roach presented the
short and long term maintenance needs with estimated figures.
B. Recognition of Service
Dr. Merck recognized Mr. Jimmy Gillespie for his service to the School District of
Pickens County during his last meeting as a board member. Dr. Merck presented Mr.
Gillespie with a framed appreciation message which was signed by all principals and
administration staff.
III. Public Input
Shem Durham- spoke to the board regarding school board meeting prayer.
Jimmy Burrell- spoke to the board regarding school board meeting prayer.
III. Opening of the Public Meeting
Motion was made by Ms. Judy Edwards to delete item #7 to allow no
comments during the comment portion of the agenda. Motion failed with no
second to the motion.
Motion was made by Mr. Alex Saitta and seconded by Mr. Jimmy Gillespie to
accept the agenda as written. The motion carried with five in favor and one
opposed (Edwards).
Ms. Judy Edwards, Board Member, led the Invocation and Pledge of
Allegiance.
By unanimous vote the board approved the minutes of September 22, 2014
and October 13, 2014.
V. Action Items
A. Executive Session Motions
a. Personnel Matters
1. Leaves/Hires/Separations
Motion was made by Mr. Jim Shelton and seconded by Ms. Judy
Edwards to accept the Superintendent’s recommendations for
leaves/hires/separations. The motion carried with four in favor and two opposed
(Saitta, Gillespie).
b. Property Matters
1. Purchases/Sales/Leases/Disposal
Motion was made by Mr. Alex Saitta and seconded by Mr. Jim Shelton
to declare the property at 401 Blair Street (1.27 acres- Old Alice Elementary School)
as surplus. The motion carried unanimously.
c. Act 155 Update
Motion was made by Mr. Alex Saitta and seconded by Mr. Jimmy
Gillespie to approve the list presented in executive session that meet the diploma
requirements per Act 155. The motion carried unanimously.
d. Student PE Exemption
Motion was made by Mr. Alex Saitta and seconded by Dr. Herbert Cooper to
approve the student PE exemption request. The motion carried unanimously.
e. Legal Matters
No action taken- Discussion on prayer issue only.
B. Motions for New Business
None
C. Policies – 2nd/Final Reading – BEAA (Invocation at Regular School Board Meetings)
Motion was made by Mr. Alex Saitta and seconded by Mr. Jimmy Gillespie to
adopt policy BEAA for 2nd reading, and place it into effect in mid-school year, by
mailing invitations as soon as the initial congregation list is complete, for the monthly
meetings previously scheduled from January through June 2015, subject to all other
terms of the policy.
A motion was made by Dr. Brian Swords and seconded by Ms. Judy Edwards
to move that the board table the final reading. The motion carried with four in favor and two
opposed (Saitta, Gillespie).
D. Policies – 2nd/Final Reading- Retiree Policies
GDFAA, GDFAA-AR, GCF, GBC/GBD- Hiring of Retirees
Motion was made by Dr. Brian Swords to accept the policies and revisions as
presented. No second needed since coming from Committee.
An amended motion was made by Mr. Jim Shelton and seconded by Dr. Brian
Swords to strike $30,000 annually in policy GDFAA and to change the wording in
GDFAA-AR to state hire instead of recommend in first paragraph. The motion carried
with four in favor and two opposed (Saitta, Gillespie).
Original Motion including amendments: Carried with four in favor and two
opposed (Saitta, Gillespie).
E. Approval of Procurement Audit Report for July 1, 2012- June 30, 2014
Motion was made by Mr. Alex Saitta and seconded by Mr. Jim Shelton to accept
the report as presented. The motion carried unanimously.
VI. Adjournment
By unanimous consent the board meeting adjourned at 8:10 p.m.
School District of Pickens County Minutes of Board of Trustees Called Meeting
Administrative Office Pickens County, South Carolina
November 10, 2014
These minutes are not official until approved by the board at the next regularly scheduled meeting.
Prior to the start of the called meeting, Dr. Brian Swords, Dr. Henry Wilson and Mr. Phillip Bowers took
Oath as new board members.
The following board members were present: Mr. Alex Saitta, Ms. Judy
Edwards, Dr. Brian Swords, Dr. Herbert Cooper, Dr. Henry Wilson and Mr. Phillip
Bowers.
The following staff members were present: Dr. Danny Merck, Dr.
William Roach, Jr., Dr. Stephanie Lackey, Ms. Sharon Huff, Ms. Rosanne Morris, Mr.
Andy Coleman, Mr. Clark Webb, Mr. Marion Thomas and Mr. John Eby.
In accordance with S.C. Code of Laws, Section 3-4(d), as amended, the following were
notified of the date, time, place and agenda of the meeting: Ms. Allison Newton, Anderson Independent
Mail; Ms. Anna Simon, Greenville News; Mr. Brett McLaughlin, The Journal; Ms. Carolyn Smith, Patch;
Mr. David Williams, Anderson Independent Mail; Mr. Greg Oliver, The Journal; Mr. Jason Evans,
Pickens Sentinel/Easley Progress; Mr. Jeff Brush, Patch; Ms. Liz Carey, Anderson Independent Mail;
Mr. Lonnie Adamson, Pickens Sentinel/Easley Progress; Ms. Nicole Daughhetee, Pickens County
Courier; Mr. Paul Alongi, Greenville News; Mr. Rocky Nimmons, Pickens County Courier; Mr. Ron
Barnett, Greenville News; Mr. Ron Dekett, Pickens County News; Mr. Vince Jackson, Anderson
Independent Mail; Mr. Woody White, Greenville News; Mr. Zach Mauldin, Pickens County Courier; Mr.
Gordon Dill, WSPA; Ms. Mary Lu Saylor, WSPA; Mr. Rob Landreth, WSPA; Ms. Sara Lewis, WSPA;
and Ms. Kim Deal, WYFF.
The following media representatives were present: Ben Robinson, Easley Progress and Mr. Greg Oliver,
Daily Journal Messenger.
I. Meeting Openings
Mr. Alex Saitta, Chairman, called the meeting to order by stating the
meeting was being held in accordance with the Freedom of Information Act.
II. Presentations
A. Debt Service
Mr. Brian Nurick presented the board with handouts regarding the
debt service budget and options. Mr. Nurick answered questions by the board
during the discussion.
Motion was made by Mr. Alex Saitta and seconded by Ms. Judy
Edwards to adjourn into executive session for the purpose of Personnel
Matters regarding leaves/hires/separations and Property Matters regarding
purchases/sales/leases. The motion carried unanimously.
The board returned from executive session at 7:50 p.m.
III. Executive Session
A. Personnel Matters
1. Leaves/Hires/Separations
Motion was made by Dr. Brian Swords and seconded by Dr. Henry
Wilson to accept the Superintendent’s recommendation on
leaves/hires/separations. The motion carried unanimously.
2. Property Matters
1. Purchases/Sales/Leases
Motion was made by Mr. Alex Saitta and seconded by Ms.
Judy Edwards to accept the bid on Hwy 8 (Pickens) with the terms not to be
disclosed at this time. The motion carried unanimously.
B. Election of Board Officers
Chairman:
Ms. Judy Edwards nominated Dr. Brian Swords for the position of
Chair. The nomination carried with five in favor and one abstention
(Swords).
V-Chair:
Dr. Herbert Cooper nominated Ms. Judy Edwards for the position of
V-Chair. The nomination carried with five in favor and one abstention
(Edwards).
Secretary:
Ms. Judy Edwards nominated Dr. Henry Wilson for the position of
Secretary. The nomination carried with five in favor and one abstention
(Wilson).
The board meeting adjourned by unanimous consent at 7:55 p.m.
2
SCHOOL DISTRICT OF PICKENS COUNTY
Board Agenda Item AGENDA ITEM: VI-E FOR INFORMATION: FOR ACTION: 11/24/14 PREPARED BY: Mr. Clark Webb SUBJECT: Approval of Continuation of Audit Services SUPERINTENDENT'S RECOMMENDATION: Approval DISCUSSION: Per District Procurement Code, the administration may extend the audit services for the annual financial audit and procurement audits. The administration recommends the five-year extension for financial audits with Greene, Finney and Horton, CPA and the addition of the procurement audit on an annual basis. This extension proposal is without an increase for the five year financial audit. ATTACHMENT: Continuation Proposal Letter
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Greene Finney &Horton C E R T I F I E D P U B L I C A C C O U N T A N T S & C O N S U L T A N T S
November 13, 2014 District Board Members and Management Pickens County School District Dear Board Members and Management: Thank you for giving us the opportunity to provide Pickens County School District (“District”) with a proposal for providing financial audit services. We have enjoyed working with the District in the past and would love the opportunity to continue to do so. Greene, Finney & Horton (“GFH”) focuses on providing services to local governments and nonprofits: • We currently provide audit services to sixteen school districts and advise others, • We are very involved as members, sponsors, exhibitors and presenters at both the School Boards Association and the
School Business Officials Association, • We are a member of the Government Audit Quality Center (“GAQC”) of the American Institute of CPAs (show our
commitment to quality and to working with local governments), • We are paperless in our audit services (usually results in more efficiency and effectiveness for the District), • We are committed to thorough communication and training in all aspects of our work, and • We are committed to South Carolina education. One example is one of our partners serves on a financial advisory
committee of the South Carolina Department of Education (“SDE”) to help SDE with certain financial matters. • We go beyond just performing the audit work to help school districts address short-term and long-term risk in the
finances and operations. Our proposed fee for providing financial audit services to the District for the year ended June 30, 2015 is $37,500, the same as the 2014 fiscal year fee. Our plan for the next four years would be to increase the fee by the amount of the increase in the All Item – South Urban – All Urban Consumers of the Consumer Price Index published by the U.S Department of Labor (inflation for the Southeast region). In addition, our proposed fee for providing annual procurement audit services the year ended June 30, 2015 is $3,900. Our plan for the next four years would also be to increase the fee by the amount of the increase in the All Item – South Urban – All Urban Consumers of the Consumer Price Index published by the U.S Department of Labor (inflation for the Southeast region). Of course, as it has been in the past, if there are significant changes in the scope of our work due to changes in regulations or standards, changes in the District’s operations, additional single audit requirements, etc. then our fees may also change. If this occurs we will discuss the potential impact on our fees (as we have in the past) and come to a mutual agreement on a new fee prior to beginning any new work.
W W W. G F H L L P. C O M I N F O t!:'J G F H L L P. C O M
8 6 4 2 3 2 . 5 2 0 4 P l ! · 8 6 4 . 2 3 2 5 5 3 2 f A X 2 1 1 E A S T B U T LE R R O A D . S U IT E C - 6 M A U L D I N . S C 2 96 6 2
8 4 3 . 7 3 5 . 5 8 0 5 P H 1 9 8 5 R. !V l E R A D R I V E . S U I T E 1 0 3 - 2 0 3 M.T. P L C A S A N T. S C 2 9 4 6 4
8 6 4 . 4 5 1 . 7 3 8 1 P H 8 0 0 E A S T W A S H I N G T O N S T R EE T , S U IT E D G R EE N V I L LE . S C 2 9 6 0 1 4
As some of you experienced when we worked with the District previously, we also work hard to not shy away from difficult issues that we may bring to the District’s attention, as that is part of our responsibility. But we also handle those issues in a respectful manner because our desire is to work with the District in improving the effectiveness and efficiency in all areas of its operations. We believe part of the VALUE you will receive with GFH is that we will work hard to partner with you to improve public education in Pickens County. We trust you appreciate our commitment to excellence, our integrity and the value we bring to our clients. We would truly appreciate and enjoy continuing to work with Pickens County School District. If this proposal is acceptable, please let us know and we will prepare the engagement letter for signature. Also, please let us know if you have any questions. We will be glad to meet with you if you so desire. Sincerely,
Larry J. Finney, CPA Greene, Finney & Horton, LLP
W W W. G F H L L P. C O M I N F O t!:'J G F H L L P. C O M
8 6 4 2 3 2 . 5 2 0 4 P l ! · 8 6 4 . 2 3 2 5 5 3 2 f A X 2 1 1 E A S T B U T LE R R O A D . S U IT E C - 6 M A U L D I N . S C 2 96 6 2
8 4 3 . 7 3 5 . 5 8 0 5 P H 1 9 8 5 R. !V l E R A D R I V E . S U I T E 1 0 3 - 2 0 3 M.T. P L C A S A N T. S C 2 9 4 6 4
8 6 4 . 4 5 1 . 7 3 8 1 P H 8 0 0 E A S T W A S H I N G T O N S T R EE T , S U IT E D G R EE N V I L LE . S C 2 9 6 0 1
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SCHOOL DISTRICT OF PICKENS COUNTY
Board Agenda Item AGENDA ITEM: VI-F FOR INFORMATION: FOR ACTION: 11/24/14 PREPARED BY: Mrs. Sharon Huff SUBJECT: Approval of Local Board Approved Courses SUPERINTENDENT'S RECOMMENDATION: Approval DISCUSSION: ATTACHMENT: Memorandum from Ms. Janice Ward
2015-2016 Request for Renewal of Previously Approved Courses
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SCHOOL DISTRICT OF PICKENS COUNTY
Board Agenda Item AGENDA ITEM: VI-G FOR INFORMATION: FOR ACTION: 11/24/14 PREPARED BY: Dr. Stephanie Lackey SUBJECT: Approval of 2015-2016 School Calendar – 1st Reading by Caption/Title SUPERINTENDENT'S RECOMMENDATION: Approval DISCUSSION:
The Board of Trustees are required to have two readings on the school calendar separated by a four week span. The 2nd/Final reading will be on the agenda for the January 26, 2015 board meeting.
The draft calendar does include 2 early release dates. The Calendar Committee which consists of parents,
administrators, staff and teachers plan on meeting again to discuss possible options, so additional changes for 2nd/final reading are likely.
ATTACHMENT: 2015-2016 Calendar Draft
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School District of Pickens County1348 Griffin Mill Road • Easley, SC 29640-6997 •
P 864-397-1000 • F 864-855-8159
www.pickens.k12.sc.us
July 2015
November 2015
September 2015
December 2015
August 2015
October 2015
Grading PeriodsEnd 1st Grade Period ....................................................................................October 20End 2nd Grade Period/1st Semester ..................................................................................................January 13 End 3rd Grade Period .......................................................................................March 21End 4th Grade Period/2nd Semester .......................................................................................................June 1
Interim Reports 1st Grade Period............................................................................................................2nd Grade Period ........................................................................................................... 3rd Grade Period ............................................................................................................ 4th Grade Period ............................................................................................................
Report Cards 1st Grade Period............................................................................................................. 2nd Grade Period ........................................................................................................... 3rd Grade Period ............................................................................................................
Exams 1st Semester Exams....................................................................................................... 2nd Semester Exams (Except Seniors) ..........................................................................
Inclement Weather Make-Up Days 1st Day............................................................................................................................2nd Day .......................................................................................................................... 3rd Day ...........................................................................................................................
Testing Windows ...................................................................... April 6-May 6ACT ............................................................................................................ March 17-18
AP Exams .............................................................................................................
Kindergarten Registration Parents are encouraged to register kindergarten students during the scheduled dates of January 5 through January 30, 2015. However, students may be registered at the elementary school in their attendance zone during normal school hours anytime before the first day of school begins.
Graduation ...........................................................................May 28
Professional Learning DayStudents do not attend school on professional learning days.
School Begins & Ends for Students
Holiday
Inclement Weather Make-up DaySchools are closed if the day is not needed.
Half Day
2015-2016 SDPC Calendar
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
2015January 2016
May 2016
March 2016
June 2016
February 2016
April 2016
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
2016
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DRAFT 3C
1:30 p.m. Dismissal
Approved by the SDPC Board of Trustees on..
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
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SCHOOL DISTRICT OF PICKENS COUNTY
Board Agenda Item AGENDA ITEM: VI-H FOR INFORMATION: FOR ACTION: 11/24/14 PREPARED BY: Dr. Danny Merck SUBJECT: Approval of Capital Needs Plan- 1st Reading by Caption/Title SUPERINTENDENT'S RECOMMENDATION: Approval DISCUSSION: First reading by Caption/Title for a resolution authorizing the issuance and sale of the General Obligation Bond not exceeding $5,800,000 for Capital Needs.
ATTACHMENT: Resolution Presentation Materials from Mr. Brian Nurick
16
________________________________________________________________________
SCHOOL DISTRICT OF PICKENS COUNTY, SOUTH CAROLINA
A RESOLUTION
AUTHORIZING THE ISSUANCE AND SALE OF A NOT EXCEEDING
$5,800,000 GENERAL OBLIGATION BOND, WITH AN APPROPRIATE SERIES
DESIGNATION, OF THE SCHOOL DISTRICT OF PICKENS COUNTY, SOUTH
CAROLINA; AUTHORIZING THE SOUTH CAROLINA ASSOCIATION OF
GOVERNMENTAL ORGANIZATIONS TO FACILITATE THE SALE OF THE
BOND UNDER ITS GENERAL OBLIGATION DEBT PROGRAM;
PRESCRIBING THE TERMS AND CONDITIONS UNDER WHICH THE BONDS
MAY BE ISSUED; AUTHORIZING THE SUPERINTENDENT OF THE SCHOOL
DISTRICT TO DETERMINE CERTAIN MATTERS RELATING TO THE BOND;
PROVIDING FOR THE PAYMENT OF THE BOND AND THE DISPOSITION OF
THE PROCEEDS THEREOF; AND OTHER MATTERS RELATING THERETO.
Adopted: __________, 2014
________________________________________________________________________
17
Pickens County School District
( Building Program Funding Report )
11/11/201418
Debt Capsule Report
(A) (B) (C) (D) (E) (F)
Interest
Bond Issued Outstanding Rate Final Call
Series Amount Amount Range Maturity Provisions
2006 IPRB $336,165,000 $308,875,000 4.500% - 5.000% 2031 Dec 2016 @100%
2014A $7,543,000 $7,543,000 1.000% 2015 Non-Callable
2014B $17,174,000 $17,174,000 1.250% 2015 Non-Callable
Totals: $360,882,000 $333,592,000 --- --- ---
1
19
$0
$2,500,000
$5,000,000
$7,500,000
$10,000,000
$12,500,000
$15,000,000
$17,500,000
$20,000,000
$22,500,000
$25,000,000
$27,500,000
$30,000,000
$32,500,000
$35,000,000To
tal D
ebt S
ervi
ce R
equi
rem
ents
Calendar Year Ending December 31st
BondingInterest
AnnualMaintenance
2015B
2015A
IPRBAcquisitionPayments
1996 - 2014
2
20
Debt Structure Report
(A) (B) (C) (D) (E) (F) (G) (H) (I)(June IPRB) (Dec IPRB)
Series IPRB Series Series EstimatedCalendar 1996 - 2014 Acquisition 2015A 2015B Placeholder Annual Bonding Debt
Year Bonds Payments Bonds Bonds Maintenance Interest Service
2006 $8,206,203 $8,206,2032007 $7,692,128 $7,692,1282008 $22,497,566 $22,497,5662009 $23,738,018 $23,738,0182010 $21,961,482 $21,961,4822011 $22,918,065 $22,918,0652012 $24,416,189 $24,416,1892013 $23,982,708 $23,982,7082014 $24,733,771 $24,733,7712015 $24,885,585 $24,885,5852016 $26,052,325 $5,800,000 $716,677 $32,569,0022017 $26,064,075 $5,800,000 $716,942 $32,581,0172018 $26,081,575 $5,800,000 $717,335 $32,598,9102019 $26,098,075 $5,800,000 $717,707 $32,615,7822020 $26,112,075 $5,800,000 $718,022 $32,630,0972021 $26,132,075 $5,800,000 $718,472 $32,650,5472022 $26,151,075 $5,800,000 $718,899 $32,669,9742023 $26,167,325 $5,800,000 $719,265 $32,686,5902024 $26,189,075 $5,800,000 $719,754 $32,708,8292025 $26,214,075 $5,800,000 $720,317 $32,734,3922026 $26,235,075 $5,800,000 $720,789 $32,755,8642027 $26,210,075 $5,800,000 $720,227 $32,730,3022028 $26,228,175 $5,800,000 $720,634 $32,748,8092029 $26,250,325 $5,800,000 $721,132 $32,771,4572030 $26,334,500 $5,800,000 $723,026 $32,857,5262031 $26,362,250 $5,800,000 $723,651 $32,885,9012032 ($633,532) $5,800,000 $116,246 $5,282,714
Totals: $205,031,714 $418,248,618 $0 $0 $0 $98,600,000 $11,629,094 $733,509,426
3
21
Millage Cash Flow Report
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J)
Budgeted Future HistoricalCalendar Per Mill Growth State Fund Debt Millage Millage Remaining Remaining
Year Valuation Estimate Sources Balance Service Target Levy Millage Millage
*2006* $349,285 $537,779 $8,206,203 23.0*2007* $385,830 10.46% $504,199 $7,692,128 19.0*2008* $370,571 -3.95% $1,258,670 $22,497,566 58.0*2009* $399,391 7.78% $1,319,775 $248,537 $23,738,018 58.0 56.0 $798,782*2010* $401,276 0.47% $1,227,702 $21,961,482 58.0 52.0 $2,407,656*2011* $422,768 5.36% $1,264,829 $22,918,065 58.0 52.0 $2,536,609*2012* $428,918 1.45% $1,304,516 $24,416,189 58.0 54.0 $1,715,673*2013* $443,444 3.39% $1,306,334 $23,982,708 58.0 52.5 $2,438,9422014 $432,597 $1,300,000 $727,411 $24,733,771 58.0 52.5 $2,379,2842015 $439,086 1.50% $1,300,000 $226,212 $24,885,585 58.0 53.2 $2,107,6132016 $447,868 2.00% $1,300,000 $8,000 $32,569,002 69.8 69.8 $1612017 $459,064 2.50% $1,300,000 $32,581,017 69.8 68.1 $761,6762018 $472,836 3.00% $1,300,000 $32,598,910 69.8 66.2 $1,705,0632019 $487,021 3.00% $1,300,000 $32,615,782 69.8 64.3 $2,678,3112020 $501,632 3.00% $1,300,000 $32,630,097 69.8 62.5 $3,683,8192021 $516,681 3.00% $1,300,000 $32,650,547 69.8 60.7 $4,713,7862022 $532,181 3.00% $1,300,000 $32,669,974 69.8 58.9 $5,776,2892023 $548,147 3.00% $1,300,000 $32,686,590 69.8 57.3 $6,874,0612024 $564,591 3.00% $1,300,000 $32,708,829 69.8 55.6 $7,999,6412025 $581,529 3.00% $1,300,000 $32,734,392 69.8 54.1 $9,156,3332026 $598,975 3.00% $1,300,000 $32,755,864 69.8 52.5 $10,352,5822027 $616,944 3.00% $1,300,000 $32,730,302 69.8 50.9 $11,632,3982028 $635,452 3.00% $1,300,000 $32,748,809 69.8 49.5 $12,905,7722029 $654,516 3.00% $1,300,000 $32,771,457 69.8 48.1 $14,213,7612030 $674,151 3.00% $1,300,000 $32,857,526 69.8 46.8 $15,498,2482031 $694,376 3.00% $1,300,000 $32,885,901 69.8 45.5 $16,881,5472032 $715,207 3.00% $1,300,000 $5,282,714 69.8 5.6 $45,938,758
Totals: --- --- $33,423,804 $1,210,160 $733,509,426 --- --- $170,772,206 $14,384,558
* Collectable Valuation of a Mill Per Audited Financial Statements
4
22
Eight Percent Capacity Report
(A) (B) (C) (D) (E) (F) (G) (H) (I)
Series Series Series EstimatedJune 1996 - 2014 2015A 2015B Annual Assessed Growth Max.Debt Available30th Bonds Bonds Bonds Bonding Value Estimate Limitation Capacity
2006 $4,020,000 $396,238,007 $31,699,0412007 $4,034,000 $405,048,817 2.22% $32,403,9052008 $18,757,000 $410,161,809 1.26% $32,812,9452009 $20,250,000 $429,182,498 4.64% $34,334,6002010 $18,435,000 $414,990,567 -3.31% $33,199,2452011 $20,312,000 $447,079,406 7.73% $35,766,3522012 $23,390,000 $448,580,345 0.34% $35,886,4282013 $24,085,000 $456,766,570 1.82% $36,541,3262014 $24,876,000 $456,766,570 $36,541,326 $11,824,3262015 $24,717,000 $461,334,236 1.00% $36,906,739 $5,046,7392016 $31,860,000 $470,560,920 2.00% $37,644,874 $5,774,8742017 $31,870,000 $484,677,748 3.00% $38,774,220 $6,884,2202018 $31,890,000 $499,218,080 3.00% $39,937,446 $8,037,4462019 $31,900,000 $514,194,623 3.00% $41,135,570 $9,215,5702020 $31,920,000 $529,620,462 3.00% $42,369,637 $10,429,6372021 $31,940,000 $545,509,075 3.00% $43,640,726 $11,680,7262022 $31,960,000 $561,874,348 3.00% $44,949,948 $12,979,9482023 $31,970,000 $578,730,578 3.00% $46,298,446 $14,308,4462024 $31,990,000 $596,092,495 3.00% $47,687,400 $15,667,4002025 $32,020,000 $613,975,270 3.00% $49,118,022 $17,078,0222026 $32,040,000 $632,394,528 3.00% $50,591,562 $18,571,5622027 $32,020,000 $651,366,364 3.00% $52,109,309 $20,079,3092028 $32,030,000 $670,907,355 3.00% $53,672,588 $21,612,5882029 $32,060,000 $691,034,576 3.00% $55,282,766 $23,142,7662030 $32,140,000 $711,765,613 3.00% $56,941,249 $24,771,2492031 $32,170,000 $733,118,582 3.00% $58,649,487 $52,849,4872032 $5,800,000 $755,112,139 3.00% $60,408,971 $60,408,971
Totals: $182,876,000 $0 $0 --- --- --- --- ---
5
23
Pickens County School District
( Building Program Funding Report - IPRB Refunding Assumption )
11/11/20146
24
$0
$2,500,000
$5,000,000
$7,500,000
$10,000,000
$12,500,000
$15,000,000
$17,500,000
$20,000,000
$22,500,000
$25,000,000
$27,500,000
$30,000,000
$32,500,000
$35,000,000To
tal D
ebt S
ervi
ce R
equi
rem
ents
Calendar Year Ending December 31st
BondingInterest
AnnualMaintenance
2015B
2015A
Acquisition
IPRBAcquisitionPayments
1996 - 2014
7
25
Debt Structure Report
(A) (B) (C) (D) (E) (F) (G) (H) (I)(June IPRB) (Dec IPRB)
Series IPRB IPRB Series Series EstimatedCalendar 1996 - 2014 Acquisition Acquisition 2015A 2015B Annual Bonding Debt
Year Bonds Payments Payments Bonds Bonds Maintenance Interest Service
2006 $8,206,203 $8,206,2032007 $7,692,128 $7,692,1282008 $22,497,566 $22,497,5662009 $23,738,018 $23,738,0182010 $21,961,482 $21,961,4822011 $22,918,065 $22,918,0652012 $24,416,189 $24,416,1892013 $23,982,708 $23,982,7082014 $24,733,771 $24,733,7712015 $24,885,585 $24,885,5852016 $6,737,456 $14,134,884 $5,800,000 $600,128 $27,272,4682017 $21,506,950 $5,800,000 $614,406 $27,921,3562018 $22,287,950 $5,800,000 $631,979 $28,719,9292019 $22,644,700 $5,800,000 $640,006 $29,084,7062020 $22,641,700 $5,800,000 $639,938 $29,081,6382021 $22,644,700 $5,800,000 $640,006 $29,084,7062022 $22,641,950 $5,800,000 $639,944 $29,081,8942023 $22,642,200 $5,800,000 $639,950 $29,082,1502024 $22,643,700 $5,800,000 $639,983 $29,083,6832025 $22,644,700 $5,800,000 $640,006 $29,084,7062026 $22,643,450 $5,800,000 $639,978 $29,083,4282027 $22,643,200 $5,800,000 $639,972 $29,083,1722028 $22,641,950 $5,800,000 $639,944 $29,081,8942029 $22,642,700 $5,800,000 $639,961 $29,082,6612030 $22,643,000 $5,800,000 $639,968 $29,082,9682031 $22,640,000 $5,800,000 $639,900 $29,079,9002032 $22,643,250 $5,800,000 $639,973 $29,083,223
Totals: $205,031,714 $6,737,456 $374,930,984 $0 $0 $98,600,000 $10,806,040 $696,106,194
8
26
Millage Cash Flow Report
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J)
Budgeted Future HistoricalCalendar Per Mill Growth State Fund Debt Millage Millage Remaining Remaining
Year Valuation Estimate Sources Balance Service Target Levy Millage Millage
*2006* $349,285 $537,779 $8,206,203 23.0*2007* $385,830 10.46% $504,199 $7,692,128 19.0*2008* $370,571 -3.95% $1,258,670 $22,497,566 58.0*2009* $399,391 7.78% $1,319,775 $248,537 $23,738,018 58.0 56.0 $798,782*2010* $401,276 0.47% $1,227,702 $21,961,482 58.0 52.0 $2,407,656*2011* $422,768 5.36% $1,264,829 $22,918,065 58.0 52.0 $2,536,609*2012* $428,918 1.45% $1,304,516 $24,416,189 58.0 54.0 $1,715,673*2013* $443,444 3.39% $1,306,334 $23,982,708 58.0 52.5 $2,438,9422014 $432,597 $1,300,000 $727,411 $24,733,771 58.0 52.5 $2,379,2842015 $439,086 1.50% $1,300,000 $226,212 $24,885,585 58.0 53.2 $2,107,6132016 $447,868 2.00% $1,300,000 $27,272,468 58.0 58.0 $3,8572017 $459,064 2.50% $1,300,000 $27,921,356 58.0 58.0 $4,3772018 $472,836 3.00% $1,300,000 $28,719,929 58.0 58.0 $4,5762019 $487,021 3.00% $1,300,000 $29,084,706 58.0 57.1 $462,5352020 $501,632 3.00% $1,300,000 $29,081,638 58.0 55.4 $1,313,0192021 $516,681 3.00% $1,300,000 $29,084,706 58.0 53.8 $2,182,7922022 $532,181 3.00% $1,300,000 $29,081,894 58.0 52.2 $3,084,6282023 $548,147 3.00% $1,300,000 $29,082,150 58.0 50.7 $4,010,3682024 $564,591 3.00% $1,300,000 $29,083,683 58.0 49.2 $4,962,6102025 $581,529 3.00% $1,300,000 $29,084,706 58.0 47.8 $5,943,9762026 $598,975 3.00% $1,300,000 $29,083,428 58.0 46.4 $6,957,1152027 $616,944 3.00% $1,300,000 $29,083,172 58.0 45.0 $7,999,5872028 $635,452 3.00% $1,300,000 $29,081,894 58.0 43.7 $9,074,3482029 $654,516 3.00% $1,300,000 $29,082,661 58.0 42.4 $10,179,2682030 $674,151 3.00% $1,300,000 $29,082,968 58.0 41.2 $11,317,8192031 $694,376 3.00% $1,300,000 $29,079,900 58.0 40.0 $12,493,9102032 $715,207 3.00% $1,300,000 $29,083,223 58.0 38.8 $13,698,802
Totals: --- --- $33,423,804 $1,202,160 $696,106,194 --- --- $93,693,589 $14,384,558
* Collectable Valuation of a Mill Per Audited Financial Statements
9
27
Eight Percent Capacity Report
(A) (B) (C) (D) (E) (F) (G) (H) (I)
Series Series Series EstimatedJune 1996 - 2013 2015A 2015B Annual Assessed Growth Max.Debt Available30th Bonds Bonds Bonds Bonding Value Estimate Limitation Capacity
2006 $4,020,000 $396,238,007 $31,699,0412007 $4,034,000 $405,048,817 2.22% $32,403,9052008 $18,757,000 $410,161,809 1.26% $32,812,9452009 $20,250,000 $429,182,498 4.64% $34,334,6002010 $18,435,000 $414,990,567 -3.31% $33,199,2452011 $20,312,000 $447,079,406 7.73% $35,766,3522012 $23,390,000 $448,580,345 0.34% $35,886,4282013 $24,085,000 $456,766,570 1.82% $36,541,3262014 $24,876,000 $456,766,570 $36,541,326 $11,824,3262015 $24,717,000 $461,334,236 1.00% $36,906,739 $10,226,7392016 $26,680,000 $470,560,920 2.00% $37,644,874 $10,334,8742017 $27,310,000 $484,677,748 3.00% $38,774,220 $10,684,2202018 $28,090,000 $499,218,080 3.00% $39,937,446 $11,487,4462019 $28,450,000 $514,194,623 3.00% $41,135,570 $12,685,5702020 $28,450,000 $529,620,462 3.00% $42,369,637 $13,919,6372021 $28,450,000 $545,509,075 3.00% $43,640,726 $15,190,7262022 $28,450,000 $561,874,348 3.00% $44,949,948 $16,499,9482023 $28,450,000 $578,730,578 3.00% $46,298,446 $17,848,4462024 $28,450,000 $596,092,495 3.00% $47,687,400 $19,237,4002025 $28,450,000 $613,975,270 3.00% $49,118,022 $20,668,0222026 $28,450,000 $632,394,528 3.00% $50,591,562 $22,141,5622027 $28,450,000 $651,366,364 3.00% $52,109,309 $23,659,3092028 $28,450,000 $670,907,355 3.00% $53,672,588 $25,222,5882029 $28,450,000 $691,034,576 3.00% $55,282,766 $26,832,7662030 $28,450,000 $711,765,613 3.00% $56,941,249 $28,501,2492031 $28,440,000 $733,118,582 3.00% $58,649,487 $30,199,4872032 $28,450,000 $755,112,139 3.00% $60,408,971 $60,408,971
Totals: $182,876,000 $0 $0 --- --- --- --- ---
10
28
29
30
31
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