Orcas Island School District
Capital Projects Fund Analysis
2004-05 through 2006-07
Total Bond Request		$        2,195,000
Public Repayment Schedule:
2007	$            575,000
2008	860,000
2009	760,000
Total Debt Service Repayment		$        2,195,000
Fund Balance Analysis	Begin	Revenue	Projects	Encumb	Ending
2004-05	$              11,328	$        2,239,748	$     531,911	$            -	$      1,719,165
2005-06	$         1,719,165	$             60,886	$     952,128	$            -	$        827,923
2006-07	$            827,923	$             32,585	$       77,797	$     41,755	$        740,955
Fund Balance Considerations				June 2007 Discussion
Current Balance		$           740,955		HVAC	$          15,000
Vocational Additional Reserve	$            370,000			Vans	$          35,000
Interest Earnings Reserve (Vocat)	$              30,000			Technol	$          39,000
Interest Earnings Reserve (Other)	$                    -			Inventory	$          12,000
Well Drilling (EWEA) - Encumbered	$                    -			DO Roof	$          25,000
Concrete Storage Tank	$                    -			GCCM	$          30,000
Interest Earnings Reserve	$                    -			Waldron	$                 -
Well Drilling (EWEA) - Encumbered	$                    -			Music	$                 -
Technology Reimbursement to GF	$              25,000			Sub Online	$                 -
Asbestos Study	$               4,500			Septic Sys	$                 -
Pre-design Phase Consulting	$              35,000			Unassign	$                 -
Total Estimated Commitments		$           464,500		Total	$        156,000
Unreserved Capital Project Funds			$     276,455	To Assign	$        120,455
					Revenue
Revenue	Budget	2004-05	2005-06	2006-07	To Date	Balance
Bond Proceeds	$         2,204,550	$        2,204,550	$             -	$            -	$      2,204,550	$          -
Investment Earnings	$                    -	35,198	60,886	32,585	$        128,670	$(128,670)
Total Revenue	$         2,204,550	$        2,239,748	$       60,886	$     32,585	$      2,333,220	$(128,670)
				YTD	Enc	Projected
Project	Budget	2004-05	2005-06	2006-07	2006-07	2006-07	To Date	Balance		2007-08
Elementary School Renovation	$73,505	$86,011	$46,042	$0	$86	$86	$132,139	($58,634)		$0
Middle School Renovation	$159,436	$6,226	$7,190	$0	$0	$0	$13,416	$146,020		$145,000
High School Renovation	$123,812	$172,410	$259,282	$2,782	$1,063	$3,845	$435,537	($311,725)		$0
Waldron School Renovation	$12,433	$0	$13,823	$0	$0	$0	$13,823	($1,390)		$50,000
Kitchen Equipment Upgrades	$31,721	$5,284	$28,098	$0	$0	$0	$33,382	($1,661)		$0
Transportation Upgrades	$54,312	$0	$0	$0	$0	$0	$0	$54,312		$30,000
Grounds & Maintenance Equipment	$40,473	$22,451	$14,889	$0	$0	$0	$37,340	$3,133		$3,000
Telephone System Upgrade	$58,374	$210	$55,351	$0	$0	$0	$55,561	$2,813		$2,000
Exterior Painting - Renovations	$36,166	$16,200	$0	$0	$0	$0	$16,200	$19,966		$20,000
Vocational Addition	$374,537	$3,200	$0	$0	$0	$0	$3,200	$371,337		$0
Old Gym Renovations	$314,885	$0	$31,041	($763)	$0	($763)	$30,279	$284,606		$65,955
Irrigation System	$136,556	$24,972	$7,434	$0	$28,961	$28,961	$61,367	$75,189		$0
Technology Upgrades	$592,063	$112,165	$380,093	$32,838	$4,465	$37,303	$529,561	$62,502		$40,000
Ballfield	$0	$9,026	$0	$0	$0	$0	$9,026	($9,026)		$0
Music Instrument Upgrades	$24,374	$11,278	$15,608	$0	$0	$0	$26,887	($2,513)		$0
Total Projects	$2,032,647	$469,433	$858,852	$34,857	$34,576	$69,433	$1,397,717	$634,930		$355,955
Program Manager	$75,000	$62,478	$114,678	$42,941	$7,179	$50,120	$227,276	($152,276)		$0
Project Contingency	$42,525	$0	($21,401)	$0	$0	$0	($21,401)	$63,926		$0
Election Costs	$5,000	$0	$0	$0	$0	$0	$0	$5,000		$0
Accounting Services	$3,500	$0	$0	$0	$0	$0	$0	$3,500		$10,000
Total Bond Overhead	$126,025	$62,478	$93,277	$42,941	$7,179	$50,120	$205,875	($79,850)		$10,000