Cresa presentation REVISED 12.31

Capital Planning For The Future

Presented to Livonia Public Schools

December 3, 2012

Review of LPS Demographics / Financial Considerations
Review of Surrounding District Comparisons
Review of LPS Bond / Brighton Area Schools Bond Comparison
Bond Proposal Election Considerations
Questions / Answers

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Median Income: $69,400
Median Home Value: $178,400
Median Expendable Income per year: $9,264
Median Expendable Income per month: $772

* Note: Based on Nielsen-Claritas and US Census Data

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Based on a Median Household Value of $178,400, a
2.5 mil request (approximately $190 million) equates to;

Request per Year $223

Request per Month $18.58

Request per Week $4.28

Request per Day $.61

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Clarenceville 4.5 mil
Dearborn 6.3 mil
Farmington 0.00 mil
Garden City 4.89 mil
Livonia 2.2 mil
Northville 4.5 mil
Novi 7.5 mil
Plymouth-Canton 3.96 mil
Wayne-Westland 4.51 mil

* Note: Based on 2011 Debt Levy

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Number of Students Brighton - $88M Livonia - $190M
Square Footage (S.F.)
5,124 15,024
1,174,000 2,812,903

Cost per S.F. $74.96 $71.10

Median Household Value $227,927 $178,400
Exp. Income per Household $1,188 per mo. $772 per mo.
Millage Request 1.5 mil = $170 per yr. 2.5 mil = $223 per yr.

Election Date May, 2012 TBD

* Note: Based on 2011 Debt Levy and Nielsen-Claritas Data

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Bond Proposal Pass Rate by Year and Month Month (Pass/Total) Percent
(2008-2012)
February (28/51) 55%
May (62/106) 58%
August (15/32) 47%
November (21/46) 46%

*Based on Michigan Dept. of Treasury audit records

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Helping to Plan the Future:

Paul R. Wills, AIA, LEED AP
(248) 223-3316

[email protected]

Greg VanKirk, CPA
(248) 223-3395

[email protected]

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