Lscs 2013 bond overview final-v8

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Lscs 2013 bond overview final-v8

  1. 1. Opening doors to a better community2013 Election & Bond Referendum
  2. 2. 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 studentsincluding 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 studentearnings 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 likeLone Star College. LSCS is celebrating 40 years of student success and credential completionin 2013.
  3. 3. College District Area• 11 School Districts• 77,877 Students• 1.8 M Population• 1,400 Square Miles• 5,600 EmployeesSystem Wide
  4. 4. LocationsLSC-CyFairLSC-KingwoodLSC-MontgomeryLSC-North HarrisLSC-TomballLSC-University Park
  5. 5. • Represented area business, education, governmentand 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 Boardof Trustees on February 7, 2013.Citizens FacilitiesReview Committee
  6. 6. Citizens FacilitiesReview CommitteeJerry Albrecht Rhoda Goldberg Larry Lipton Denese & Dick SchmelzkopfErv Baumeyer David Gottlieb Carole Little Marshall SchottGenesee Bell Reggie Gray Jerry Lowry Guy SconzoGabe Beltran Chris Grice Linda Macias Nancy ShortsleeveRick Berry Scott Harper Jamie Mares Louis SmithDebbie Blackshear Mark Henry Julie Martineau Ann SnyderDalane Bouillion Bruce Hillegeist Leslie Martone Todd StephensJill Boullion Olus Holder Mary Matteson Parrish Melinda StephensonMike Byers, Sr. Marie Holmes Susan McDonald Don StocktonJim Cain Linda Humphries John McStravick Barbara ThomasonAnn Candela Gerald Irons, Sr. Linda Mercier Lloyd TisdaleRichard Cantu Mary Jadloski Roy Morton William TurkLamar Casparis Keith Kearney John Neubauer David VaughnSonia Clayton Tom Kikis Don Norrell Massey VillarrealAndy Dill Lori Klein Quinn Ken Odom Kelly VioletteCharlie Dromgoole Robert LeDay Peggy Presnell Bud WethingtonPaul Dusebout Beverly Leday Beryl Ramsey Mary WhitakerDon Fincher Reginald Lillie Lee Robison Glenn WilkersonKenn Franklin Enrique Lima Mario Rosales Jennifer WilliamsDon Gaddy Jane Linder Deborah Rose MillerGary Gardner Justin Lindstorm Mark Sappington
  7. 7. Growth010,00020,00030,00040,00050,00060,00070,00080,0002001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Fall Enrollments2001 - 2012 77,877+58% in 5 years30,28849,267
  8. 8. SLIDE 8Texas Public Community CollegesFall 2012 Preliminary HeadcountSource: TACC 10/15/2012010,00020,00030,00040,00050,00060,00070,00080,00090,000Lone Star College System
  9. 9. Enrollment to SpaceComparisonSpace-SquareFootage(ksf)EnrollmentTotal System Space (KSF)Enrollment2013 ProgramEmphasisLSCS only builds to meet capacity needs.
  10. 10. SLIDE 102008 Projections vs. Actual48,52052,99760,23023,14740,49169,33977,877010,00020,00030,00040,00050,00060,00070,00080,00090,0002000 2005 2008 2010 2012 2015STUDENT ENROLLMENT 2008 BONDPROJECTIONS vs ACTUALS2008 Projections2013 Actuals
  11. 11. Funding5.183.91 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 3.356.808.07 7.777.50 7.607.427.98 7.988.60 8.20 8.09 7.66 7.668.41 8.75 8.6301234567891011121397 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12Centsper$100ValuationTOTAL TAX RATES1997-2012M & OI & S
  12. 12. Smart Investmentfor 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 eachyear since 2004 Last 2 Bond Elections did not raise tax rateAll this while doubling enrollment in last 10 years
  13. 13. LSC-CyFair
  14. 14. LSC-CyFair 2018
  15. 15. LSC-Kingwood
  16. 16. LSC-Kingwood 2018
  17. 17. LSC-Montgomery
  18. 18. LSC-Montgomery 2018
  19. 19. LSC-North Harris
  20. 20. LSC-North Harris 2018
  21. 21. LSC-Tomball
  22. 22. LSC-Tomball 2018Off Site Projects
  23. 23. LSC-University Park
  24. 24. LSC-University Park 2018
  25. 25. LSC-System Office
  26. 26. LSC-System Office 2018
  27. 27. Financial SummaryProject Total by Type QuantityEstimatedCostsNew instructional and supportbuildings 996,000 sf $360,400,000Renovations 252,000 sf $20,000,000Increased parking 5,630 spaces $36,900,000Facility Condition Assessment $16,500,000Campus Safety and Security $63,900,000Technology InfrastructureProgram ManagementLand AcquisitionsCosts / Growth ContingencyProgram Total $497,700,000Project Total by Campus2013 ProgramProjectionsCyFair $55,000,000Kingwood $38,200,000Montgomery $38,900,000North Harris $120,000,000Tomball $102,200,000University Park $59,300,000Improve campus safety and security $84,100,000Expand and upgrade technology infrastructureImprove traffic flow and campus accessProgram management and land acquisitionsCost and growth contingenciesNew educational support buildingProgram Total $497,700,000
  28. 28. 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 of90,000 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 increasedstudent earnings and employer workforce productivity. 78% of BA degree completers in Texas attended a 2-year institutionlike 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 communitycollege like Lone Star College. LSCS is celebrating 40 years of student success and credentialcompletion in 2013.
  29. 29. Smart Investmentfor 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 eachyear since 2004 Last 2 Bond Elections did not raise tax rateAll this while doubling enrollment in last 10 years
  30. 30. Questions?LoneStar.edu/Bond2013

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