2011-2012 District Budget - San Antonio Independent School District

SAISD Bond 2010
Program Administrator: Munoz Jacobs
Executive Summary
The SAISD Board of Trustees called for a $515 million bond and voters approved on November 2, 2010. The funds would pay for renovations to schools
across the district‐where some buildings are more than 100 years old, and almost half are more than 50 years old. The bond projects will consist of five (5)
district‐wide projects, two (2) support facilities, fourteen (14) primary schools and nine (9) secondary schools.
Bond Proposal Summary:
Safety and Security Upgrades ...................................................................................... $43.9 million
Technology Upgrades …………………………………………………………….…………………………….… $6.2 million
Renovations and Additions …………………………………………………………………..................... $347.4 million
Elementary Schools ………………...............................................$183.1 million
Secondary Schools ……............................................................$164.3 million
Vocation & Career Instruction Enhancements ………………………………........................... $73.8 million
Playgrounds and Athletic Tracks …………………………………………...................................… $6.1 million
Alamo Stadium and Convocation Center Renovation .…………………….......................... $35 million
Transportation Efficiencies …………………………………………………...................................... $2.5 million
Total …………………………………......................................................................................... $515 million
Through the current reporting period, SAISD has $1.6 million of expenditures in the “Holding Account” which will be distributed across bond projects at the
end of the 2010‐2011 Fiscal Year.
BOND SALES
SAISD Bond 2010 Total $515,000,000
Bond Sale #1 issued (December 2010) $151,450,000
Bond Sale #2 issued (QSCB August 2011) $ 61,115,000
Unissued Balance $302,435,000
SWMBE
The District’s SWMBE participation goal is 20%. Currently, there is a 56% participation of SWMBE. Status date through 7/31/2011.
SCHEDULE
The lag in the schedule is due to the A/E contract negotiations. The contract issues have now been resolved and the project schedule delays can be
recovered. Jefferson HS would be the last project to complete. The total program will complete prior to January 2015.
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