The Woodland School is planning two phases of facility upgrades costing $4 million each to accommodate enrollment growth and curriculum improvements. To fund phase one, the school will raise $1-1.5 million and borrow $3 million. Tuition will increase 9-7% annually to cover operating costs like teacher salaries and debt payments. Phase two depends on reaching full enrollment of 318 students by 2018 and the success of an upcoming capital campaign. The presentation solicits feedback and questions from attendees on the school's plans and finances.

1. Woodland School Plans
Coffee and Conversation
October 16, 2012

2. This Morning’s Conversation
1. Future plans
2. How to pay for those plans
3. Get your feedback

3. Our Priorities
1. Continue to improve our program
2. Bring teachers/staff salaries to 50th percentile
3. Maintain and grow a diverse community
4. Upgrade our campus

4. Upgrading our campus
• Goals:
– Meet the needs of enrollment growth
– Meet the needs of curriculum improvements
– Safe and compliant with current standards
• Specifics:
– Phase I: 4 new classrooms, a gym
– Phase II: new administrative
bldg/entrance, outdoor theater, field and parking
improvements, MUR improvements

9. How do we pay for this
1. Short term tuition increases
2. Annual Fund
3. Achieve full enrollment within 6 years
4. Capital campaign
5. Borrow money for construction

10. Tuition Increases: 9/8/7%
• Above normal CPI increases, these tuition
increases will provide a net $750K increase in
annual operating revenue
• It will pay for the following ongoing costs:
– $300,000 teacher/staff increase
– $60,000 increase in rent basis
– $150,000 building maintenance
– $240,000 interest and principal payment on debt

11. Market Position: Before and After
2012-2013 2015-2016 2012-2013 2015-2016
K-5 Tuition K-5 Tuition 6-8 Tuition 6-8 Tuition
Woodland $ 18,650 $ 23,271 $ 19,800 $ 24,706
Phillips Brooks $ 26,850 $ 29,768 n/a n/a
Keys $ 23,550 $ 26,109 $ 26,275 $ 29,131
Pinewood $ 19,500 $ 21,619 $ 25,520 $ 28,294
Trinity $ 24,590* $ 28,217 n/a n/a
Sacred Heart $ 23,640 $ 26,209 $ 30,060 $ 33,327
* 2011-12 tuition number

12. Facility Upgrades: Phase I
• Construction divided into 2 phases: each
phase costs roughly $4M
• Phase 1: New classrooms and a gym
– Fundraise between $1m and $1.5m
– Borrow $3m and fund the interest and principle
payments over 20 years out of operations
• Aggressive timeline
– Break ground this coming summer

13. Facility Upgrades: Phase 2
• Depends on our capital campaign
• Depends on enrollment
– We have a goal of full enrollment within 6 years
• 2013 – 270 students
• 2014 – 277 students
• 2015 – 285 students
• 2016 – 294 students
• 2017 – 310 students
• 2018 – 318 students

14. Questions?

15. Appendix

16. Expense Comparison
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Woodland Phillips Brooks Pinewood Keys
Payroll Rent Financial Aid Other

17. Blended Tuition (not including fundraising)
$ 30,000
$ 25,000
$ 20,000
15,000
10,000
5,000
0
Woodland Phillips Brooks Pinewood Keys

18. Blended Tuition including fundraising
$ 35,000
$ 30,000
$ 25,000
20,000
15,000
10,000
5,000
0
Woodland Phillips Brooks Pinewood Keys
Payroll Rent Financial Aid Other