The Future of Charter                   School FacilitiesCopyright © 2012 Charter School Capital
AGENDAWhat We Will Cover Today  •    Balancing facilities dreams and budget realities  •    Funding options  •    Project ...
PROJECT FLOW      Plan          Fund         Acquire         Design                Constructþ  Space      þ  Cash     þ...
BUDGET VS NEED What can we afford?               What is required?   •  Existing                       •  Academic      re...
FUNDING COMPARISON                        TRADITIONAL                     LT LEASE/  CRITERIA       CASH      BANK       B...
FUNDING COMPARISON                             TRADITIONAL                               BANK                             ...
FUNDING COMPARISON                                TRADITIONAL                                  BANK                       ...
FUNDING COMPARISON                        TRADITIONAL                          BANK                          LT LEASE/  CR...
PERCEPTION VS REALITY What to Consider   •  Ownership is an “investment”   •  Control is critical   •  Evaluate $ spent no...
PROJECT ELEMENTS Convert Facility Dreams to Reality   •  Design needs   •  Value engineering       - Design to budget   • ...
PROJECT ELEMENTS Master Plan   •    Ensure classroom safety   •    21st century learning environments   •    Maintain flex...
DEFINING PRIORITIES Priority One   •  Code, health, safety, infrastructure      -    Americans with Disabilities Act (ADA)...
DEFINING PRIORITIES Priority Two   •  Program scope      -    Interior renovations/complete classroom      -    Energy eff...
DEFINING PRIORITIES Priority Three   •  Site facilities       -    Athletic fields       -    Site entry circulation      ...
PROJECT SCHEDULE                                                                                                      Cons...
OPTIONS Additional Considerations   •  Access to working capital   •  Selecting a full service partner       -  Commercial...
Charter School Capital:Stuart Ellis: sellis@charterschoolcapital.orgJon Dahlberg: jdahlberg@charterschoolcapital.org877.27...
Upcoming SlideShare
Loading in …5
×

The Future Of Charter School Funding and Facilities by Charter School Capital

667 views
508 views

Published on

This presentation will provide you with valuable insight into the future of charter school funding and facilities. Learn about a unique turn-key approach to financing operational costs as well as financing new construction and modernization of facilities for charter schools. We discuss how new market tax credits and other available funding sources are being utilized to build and operate charter schools.

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
667
On SlideShare
0
From Embeds
0
Number of Embeds
80
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The Future Of Charter School Funding and Facilities by Charter School Capital

  1. 1. The Future of Charter School FacilitiesCopyright © 2012 Charter School Capital
  2. 2. AGENDAWhat We Will Cover Today •  Balancing facilities dreams and budget realities •  Funding options •  Project execution •  Other considerations Copyright © 2012 Charter School Capital 2
  3. 3. PROJECT FLOW Plan Fund Acquire Design Constructþ  Space þ  Cash þ  Locate Site þ  Select firm(s) þ  Move dirtþ  Features þ  Bank þ  Acquisition þ  Design/build þ  Raise theþ  Budget þ  Bond þ  Permitting options roofþ  Timeline þ  Long Term þ  Land prep þ  GC input þ  Control: Lease þ  Timing; big Projectþ  Charter bang or manager or issues phased owners rep Copyright © 2012 Charter School Capital 3
  4. 4. BUDGET VS NEED What can we afford? What is required? •  Existing •  Academic reserves mission •  Ongoing % of Your •  Growth plan revenue School’s •  Specialty •  Fundraising – Facility requirements public or private Project •  Local considerations •  Funding alternatives Copyright © 2012 Charter School Capital 4
  5. 5. FUNDING COMPARISON TRADITIONAL LT LEASE/ CRITERIA CASH BANK BOND OPTION Cash needed Annual cost Underwriting SecurityGrowth Options Copyright © 2012 Charter School Capital 5
  6. 6. FUNDING COMPARISON TRADITIONAL BANK LT LEASE/ CRITERIA CASH BANK BOND OPTIONCash needed to close (e.g. $10M $3-4M ~$200-500K $0-100K $10M Project) Annual Cost (e.g. $10M $0 $500K - 900K $1.0M – 1.3M $1M project) 7-10% 6%- 8% on 10% the debt 120% of Other Reserves? project $ No 10-20yr amortization amortization Rating? Copyright © 2012 Charter School Capital 6
  7. 7. FUNDING COMPARISON TRADITIONAL BANK LT LEASE/ CRITERIA CASH BANK BOND OPTION Min 5 yrs No minimum Min 3 yrsUnderwriting / Surplus Academic Credit None Surplus success Worthiness Assets + Rating? Revenue Flexible Security Real estate Real estate None None Interest + all assets + all assetsSchool Growth Refinance Refinance Scalable / cash = build Options (rate risk?) (rate risk?) expandable Copyright © 2012 Charter School Capital 7
  8. 8. FUNDING COMPARISON TRADITIONAL BANK LT LEASE/ CRITERIA CASH BANK BOND OPTION Cash needed Annual cost Underwriting SecurityGrowth Options Copyright © 2012 Charter School Capital 8
  9. 9. PERCEPTION VS REALITY What to Consider •  Ownership is an “investment” •  Control is critical •  Evaluate $ spent not % rates Copyright © 2012 Charter School Capital 9
  10. 10. PROJECT ELEMENTS Convert Facility Dreams to Reality •  Design needs •  Value engineering - Design to budget •  Space needs - Portable to permanent •  Schedule/timeline Copyright © 2012 Charter School Capital 10
  11. 11. PROJECT ELEMENTS Master Plan •  Ensure classroom safety •  21st century learning environments •  Maintain flexibility •  Options to accommodate future growth •  Increase outdoor learning opportunities •  Reduce transportation costs •  Maximize joint use opportunities with community •  Green schools – reduce operational costs Copyright © 2012 Charter School Capital 11
  12. 12. DEFINING PRIORITIES Priority One •  Code, health, safety, infrastructure -  Americans with Disabilities Act (ADA) -  Hazardous materials removal -  Building code upgrades -  Building shell integrity -  Modular classroom building -  Seismic retrofit/modernization Copyright © 2012 Charter School Capital 12
  13. 13. DEFINING PRIORITIES Priority Two •  Program scope -  Interior renovations/complete classroom -  Energy efficiency -  Administration building modernization -  Site utilities/drainage -  Classroom technology Copyright © 2012 Charter School Capital 13
  14. 14. DEFINING PRIORITIES Priority Three •  Site facilities -  Athletic fields -  Site entry circulation -  Visitor parking -  Renewable energy: solar panel car ports Copyright © 2012 Charter School Capital 14
  15. 15. PROJECT SCHEDULE ConstrucGon   1  MO   3  -­‐  5  MO   2  -­‐  6  MO   phase   Programming     +   1.  SchemaGc   Design  Review   Phased  Summer   Project   Design   +  Approval   ConstrucGon   Scoping   2.  Design   or     Development    6  -­‐  24  months  if   3.  ConstrucGon   new  construcGon   Documents   BEGIN   BEGIN     COMPLETION    CONSTRUCTION     Design + Design review / approval likely will overlap reducing your total project time Copyright © 2012 Charter School Capital 15
  16. 16. OPTIONS Additional Considerations •  Access to working capital •  Selecting a full service partner -  Commercial Developer -  Architect -  GC -  Design/build •  Total cost of ownership Copyright © 2012 Charter School Capital 16
  17. 17. Charter School Capital:Stuart Ellis: sellis@charterschoolcapital.orgJon Dahlberg: jdahlberg@charterschoolcapital.org877.272.1001 charterschoolcapital.org Copyright © 2012 Charter School Capital

×