Building a Brave Future Financial Prospectus 2021-2022

cal
t in
entary
g; and

A message from Treasurer
Mick Davis

I am pleased to present to you our fourth-annual Financia Prospectus. The message we have to deliver is one of fis stability, and that is a result of our community’s investmen our schools.
Due to the passage of the May 2021 combined bond/levy work is now underway for our District to address the serio and substantial needs within our buildings. The bond is a 30-year financial commitment that will generate $77 millio our facilities – that total includes the replacement of India Middle School and the replacement of the Indian Hill Elem School sawtooth wing; security upgrades at every buildin necessary mechanical upgrades across the District.
The levy passage also helped to stabilize our daily operati budget. The operational portion of the levy is a five-year commitment generating approximately $3.3 million per ye our District can maintain our nationally recognized educat experience that offers unparalleled opportunities in acade arts, and athletics for our students. Our District will have a to place a renewal of this levy on a future ballot.
On behalf of our Board of Education, the administration, t teachers, and the staff members of the Indian Hill School want to offer a sincere message of gratitude to the Indian District community for supporting the excellent education our District provides.
We will continue to look for opportunities to provide cost our stakeholders in all that we do as an organization. Our balanced; our financial outlook is stable; our focus is to c provide our stakeholders the excellence they expect and do so in a fiscally responsible manner.
Sincerely,

mick.davis@ihsd.us
	
l	Indian Hill School District
#1 in Ohio!
, us

n for
n Hill	Indian Hill School District
#7 in Ohio! ng

ar so ional mics, the
n option

he District, I
Hill School al services

savings to budget is ontinue to
deserve and

1.9%
0.1%
0.1%
General
1.5%

Conservative Fiscal Management

Indian Hill Schools demonstrates the excellence in fiscal operations that match our educational excellence. We regularly earn the recognition from the state auditor’s ofice for excellence in fiscal reporting, and recently earned recognition from the Ohio Senate for exemplary achievement in financial reporting.

AAA Rating &
Historic Low Interest Rates

In July 2021, the Indian Hill School District had a very successful sale of $71,450,000 of AAA-rated tax-exempt bonds. The bonds were very well received in the market, receiving roughly $110,000,000 in orders. Interest rates
in the market were near all-time lows, allowing the school district to achieve an all-in interest rate of 2.316%.

Indian Hill High School

Indian Hill Middle Schoo

NORTH

EXPENSE

REPORT FOR FISCAL YEAR 2021

19.0% 60.1%	Benefits Salaries                 13.6%
Purchased Services

4.1%

Materials & Supplies
1.2% Other Objects

Interest & Fiscal Charges
0.1%
Capital Advances-Out	Outlay

REVENUE

REPORT FOR FISCAL YEAR 2021

68.6%	17.0%

Revenues
Property Tax	All Other (Real Estate)

8.5%

Property Tax Allocation

3.7%

0.4%
Restricted                               Unrestricted Grants-in-Aid                         Grants-in-Aid

All Other Financing Sources

0.1%
Advances-In	Tangible Personal Property Tax

Energy Savings Program

In the fall of 2020, the Indian Hill School District partnered with Motz Engineering and Energy Optimizers in
developing a fiscally responsible Energy Savings Program to make District-wide facility upgrades that are good for the environment. This plan equips District school buildings with LED lighting designed to provide students and staff with an improved learning environment. Along with the brighter, clean light in classrooms and hallways, the District has implemented a building-by-building plan to improve facilities with a focus on integrating energy-eficient systems, improving air quality, and conserving water. Certain end-of-life equipment replacements were incorporated as well as installing air conditioning in the high
school gymnasium. As part of this Board-approved plan, the Indian Hill School District invested $3.7 million to make the facilities upgrades. The improvements will result in a guaranteed energy savings of $154,528 annually. We are happy to report that this work is near completion.

Indian Hill Elementary School

NORTH

Indian Hill Primary School

NORTH

	Building a Brave Vision for our facilities

F
	M	A
	M
	J
	J	A
	S
	O
	N
	D
	J
	F	M	A
	M
	J
	J
	A
	S	O
	N
	D
	J
	F
	M	A
	M
	J
	J
	A
	S
	O
	N
	D

DES
	
IGN(10 - 12 months)

MiddleSchool: prep + demo existing

	

MiddleSchool: build new building

	

Elementary School: demo 'Sawtooth' wing

		

High School: renovations

	

Elementary + Primary Schools: renovations + build
new additions 'Sawtooth' wing to remain in use

		

Indian Hill High School

Indian Hill Middle Schoo

Demolition was done on the old Indian Hill Middle School Building during the fall of 2021

NORTH

MiddleSchool: students move to
Elementary and High Schools

Project timeline for all buildings:

Middle School: students move
into new building

Complete all projects

Indian Hill Elementary School

NORTH

2021	2022	2023

CONSTRUCTION(24 - 26 months)

Indian Hill Primary School

NORTH

barriers
Contractor parking
Indian Hill     iddle Schoo
Indian Hill High School
Construction Budget & Timeline
Staff parking

Phase 1 Summer 2021

 Construction Entrance Example         

BUDGET OVERVIEW		Indian Hill High School Maintain emergency egress

Modulars

Traveling teacher parking

Student parking

 Turnstile Entrance Example                 

Visitor parking

PROJECT BUDGET INITIAL SD ESTIMATE
DEFERRED SCOPE ENHANCEMENTS + VALUE ENGINEERING

$77,000,000 $79,506,842
$(2,539,967)

Gate 3	Bus drop-off/pick-up Emergency access only
Staff parking	Legend

Parent drop-off/pick-up

Construction fence

Construction fence with silt fence	Construction gate

Indian Hill Middle School	Interior construction

Turnstile access gate

Gate 1
Automatic sliding construction gate                        Construction trac entrance/exit with wheel wash
Re-route IHHS
Re-route IHHS gas/power/IT/utilities	Gas/Power/IT/Utilities

Skanska trailer
Gate 2	Gym Prep Work August 2021 Automatic sliding construction gate
entrance/exit with wheel wash	Sidewalk/emergency egress

2021	2022	2023
Jun        Jul       Aug       Sep       Oct       Nov       Dec       Jan       Feb       Mar       Apr      May       Jun        Jul       Aug       Sep       Oct       Nov       Dec       Jan       Feb       Mar       Apr      May       Jun        Jul                     Bus drop-o/pick-up

Construction

Design and Programming		Auto trac/parent Indian Hill Elementary School                           Logistics Plan                 Scale: NTS	drop-o/pick-up Indian Hill Exempted Village School District	Tree protection
NORTH

CURRENT SD ESTIMATE

DIFFERENCE (OVER)/UNDER

$76,966,875*

$33,125

Indian Hill Middle School & Indian Hill High School

Scan QR code to see all phases of construction.

*INCLUDES CURRENT MARKET CONDITIONS (APPROX. $3.2 MILLION)

NOTE: EARLY IN DESIGN STAGE OF PROJECT WITH NEXT CHECK-IN AT DESIGN DEVELOPMENT PHASE

Outdoor Play softscape Summer 2022                Playground and Outdoor Play hardscape Summer 2022

Addition Summer 2022 - Spring 2023

Construction fence with silt fence

Gate 1

Automatic sliding construction gate entrance/exit with wheel wash

MEP Connections to Central Plant Summer 2022

Phase 1 Summer 2022 -Spring 2023

 Construction Entrance Example         

 Turnstile Entrance Example                 

BUDGET BREAKDOWN

Bus drop-off/pick-up

Furniture Summer 2022

Main entry Summer 2022

Parent drop-off/pick-up

Indian Hill
Indian Hill

Ele entary School
Elementary School

Parking completed Summer 2022

Temporary connector for parent drop-off/pick-up

Legend

Construction fence

Construction gate

Turnstile access gate

Construction foot trac

Skanska trailer

Bus drop-o/pick-up

Auto trac/parent drop-o/pick-up

2021	2022	2023

Jun        Jul       Aug       Sep       Oct       Nov       Dec       Jan       Feb       Mar       Apr      May       Jun        Jul       Aug       Sep       Oct       Nov       Dec       Jan       Feb       Mar       Apr      May       Jun        Jul

Design and Programming	Construction

Laydown

Dumpster

Indian Hill Elementary School	Logistics Plan Indian Hill Exempted Village School District

Scale: NTS

NORTH

Temporary toilets

Main building furniture and renovation

Indian Hill Elementary School

Scan QR code to see all phases of construction.

PRIMARY SCHOOL $9.6M

ELEMENTARY	MIDDLE SCHOOL                SCHOOL
$15.4M	$46.2M

HIGH	TRANSPORTATION SCHOOL                   $621K
$7.5M

Contractor parking

Main Entry Summer 2022 - Fall 2022

Construction fence with silt fence

Multi-purpose Room/Auditorium Summer 2022

Building Systems Improvements throughout

entire building - Summer 2022

Indian Hill
Indian Hill

Pri ary School
Primary School

Gate 1

Automatic sliding construction gate entrance/exit with wheel wash

Ofﬁce renovation Summer 2022

Phase 1 Summer 2022

 Construction Entrance Example         

 Turnstile Entrance Example                

Elevator repair Summer 2022

Legend

2021	2022	2023

Jun        Jul       Aug       Sep       Oct       Nov       Dec       Jan       Feb       Mar       Apr      May       Jun        Jul       Aug       Sep       Oct       Nov       Dec       Jan       Feb       Mar       Apr      May       Jun        Jul

Design and Programming	Construction

Construction fence

Construction gate

Turnstile access gate

Construction foot trac

Indian Hill Elementary School	Logistics Plan Indian Hill Exempted Village School District

Scale: NTS

NORTH

Dumpster

Temporary toilets

Information presented to Indian Hill Board of Education October 2021 by	Indian Hill Primary School

Scan QR code to see all phases of construction.

See

				
		Building a Brave Future: Indian Hill Facilities Transition Resource

				

Construction LIVE!

						

DON’T MISS OUT: beBRAVE

Stay informed by signing up to receive our weekly electronic District publication highlighting the Indian Hill School District #IHPromise in Action!
It’s News Braves Need!
Scan the QR code to sign up and select IH District: or visit our District website
indianhillschools.org

Indian Hill Exempted Village School District 6855 Drake Road, Cincinnati, OH 45243
(513) 272-4500

facebook.com/indianhillschools @ihschools
Indianhillschools

indianhillschools.org The Indian Hill Exempted Village School District serves students
in the Village of Indian Hill, Kenwood, parts of Sycamore and Symmes Township, Camp Dennison and a small portion of Loveland.

Non-Profit Org. U.S. Postage PAID Cincinnati, OH Permit No. 197