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CSFC School Info Template

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					Texas Public Finance Authority
Charter School Finance Corporation
Summary Information for Financing Request

CHARTER SCHOOL INFORMATION
   Name of Charter Holder
   Year Charter First Granted
   Year Charter Renewed
   Remaining Years in Charter
   FIRST Rating
   Number of Campuses
   Current Facility leased or owned
   Number of Classroom Teachers
   Size of existing facility (sq. ft)
   Size of new or renovated facility (sq. ft)
   TEA Compliance history
   Investigations of any kind (past or ongoing)
                                                                     2007-08      2008-09         2009-10     2010-11
    Enrollment
    Waiting List (attach/describe policy on waiting list)

Campus Information (if multiple campuses- worksheet 2)
   Location
   Facility Leased or Owned?
   Competition for Students
   Year                                                              2007-08      2008-09         2009-10    2010-2011
   Grades Included
   # of Students enrolled
   # of Students on waiting list
   Academic rating
   Student / Teacher Ratio

MANAGEMENT AND GOVERNANCE

    Executive Director or Principal
    Assistant Director (if applicable)
    Chief Financial Officer or equivalent
    Individual(s) responsible for managing the project
    List names and occupations of all board members,
    include biographies or resumes for each board member and
    principal officer or educator and note any licenses held, e.g,
    CPA, JD, MD, PE, etc.
    Include management and governance policies, e.g. succession
    plan, board by-laws, etc.
    History of Complaints about school

OTHER CONTACTS if not on distribution list                            Firm     Primary Contact   Telephone     Email
   Financial Advisor
   Bond Counsel
   Underwriter
   Architect
   Contractor

PROJECT DESCRIPTION
Describe the Project (new construction/renovation/land
purchase)
Total Amount of Project
Amount of Project to be financed
What other sources will be used for the project
Mortgage/Assignment of Contracts/Leasehold
Estimated project start date
Estimated project completion date
Other loan conditions
    Procurement policies

FINANCIAL/DEBT INFORMATION                                                            (see sample layout worksheet)
    3-year summary of audited income statements, balance sheets
    Projections for the next 3 years, with detail of assumptions used
    Budget for the next fiscal year and budget projections for 3 years
    Projected Maximum Annual Debt Service (MADS)
    Coverage of MADS based on last audited net revenues
    Projected coverage in the 3 years following the debt issuance                     (see sample layout worksheet)
    Provide debt service coverage ratios for life of debt presuming
    static enrollment and presuming any reasonable growth as a
    Minimum enrollment number that provides 1x Debt service
    Amortization Schedule for proposed debt (break out P&I)
    Anticipated Collateral requirements
    Debt History
    A list of all current debt with balances and payoff dates
    Proposed debt "Sources and Uses" showing itemized costs of issuance
    Debt Policies/SWAP policies


STRUCTURE OF PROPOSED DEBT
                                                                            Yes              No
    Taxable
    Tax-Exempt
    Balloon Payment(s)
    Fixed Rate Debt
    Variable Rate Debt
    Derivative Products (SWAPS, etc.)
    Refunding Bonds
    Qualified School Construction Bonds
     If QSCBs: tax credit/direct pay? Attach copy of TEA allocation
    letter

TPFACSFC Loan Documents
   Master Indenture and Supplements
   Loan Agreement
   Deed of Trust and Security Agreement
   Trust Indenture and Supplements
   Mortgage Lien

Covenants
   Parity Debt Permitted/ Limited?
   Debt service reserve fund covenants
   Mechanism to refill debt service reserve
   Working Capital requirement of three months of operating expenditures
   Capital reserves monitored annually to provide for ongoing capital costs
   Continuing Disclosure

TPFACSFC Request for Financing Fee Information
    Issuer Fee (one series)                                           $       6,000.00 ______________
    Additional Fee (multiple series)                                         $2,500.00 ______________
                                                                      Total Fee        ______________
Additional Campus Information:
Campus Information
            Location
            Leased or Owned
            Competition for Students
            Year                            2007-08   2008-09   2009-10   2010-11
            Grades Included
            # of Students enrolled
            # of Students on waiting list
            Academic rating
            Student / Teacher Ratio

Campus Information
          Location
          Leased or Owned
          Competition for Students
          Year                              2007-08   2008-09   2009-10   2010-11
          Grades Included
          # of Students enrolled
          # of Students on waiting list
          Academic rating
          Student / Teacher Ratio

Campus Information
          Location
          Leased or Owned
          Competition for Students
          Year                              2007-08   2008-09   2009-10   2010-11
          Grades Included
          # of Students enrolled
          # of Students on waiting list
          Academic rating
          Student / Teacher Ratio

Campus Information
          Location
          Leased or Owned
          Competition for Students
          Year                              2007-08   2008-09   2009-10   2010-11
          Grades Included
          # of Students enrolled
          # of Students on waiting list
          Academic rating
          Student / Teacher Ratio

Campus Information
          Location
           Leased or Owned
           Competition for Students
           Year                            2007-08   2008-09   2009-10   2010-11
           Grades Included
           # of Students enrolled
           # of Students on waiting list
           Academic rating
           Student / Teacher Ratio

Campus Information
          Location
          Leased or Owned
          Competition for Students
          Year                             2007-08   2008-09   2009-10   2010-11
          Grades Included
          # of Students enrolled
          # of Students on waiting list
          Academic rating
          Student / Teacher Ratio
Estimated Debt Service Coverage (No Inflation)
                                                                                         Pro-forma
                                                             Actual 2008   Actual 2009     2010
Assumptions: ($ in 000s)
Average Daily Attendance
State Revenue per Student

Revenue
State Revenue
Federal Revenue
Other (Food Service)
Other (Interest Income)
Other (Cocurricular, enterprising services, or activities)
Total Revenue

Total Expenses

Change in Unrestricted Assets
Add: Interest
Add: Depreciation
Add: Other (Lease expense term. after closing)
Net Change in Unrestricted Assets

Estimated Net Annual Debt Service
Estimated Net Debt Service Coverage
(Excludes Change in Temporarily Unrestricted Assets)

Change in Temporarily Restricted Assets

Total Net Change in Net Assets
Estimated Net Debt Service Coverage
(Includes Total Change in Net Assets)

Estimated Gross Annual Debt Service (w/o QSCB Pmt.)
Estimated Gross Debt Service Coverage
(Includes Total Change in Net Assets)
              Pro-forma   Pro-forma   Pro-forma   Pro-forma
Budget 2011     2012        2013        2014        2015
Revenue and Expenditure Assumptions
                                                  Historical (Audited)
                                  FY 05   FY 06          FY 07           FY 08
Revenues
State Funding
Federal Funding
Local
Other (   )
Other ( )
Total Revenue

Expenses
Payroll costs
Professional & Contracted Svcs.
Supplies & Materials
Other Operating Costs
Capital expense
Rent expense
Debt Service expense
Other ( )
Other ( )
Other ( )
Other ( )
Total Expenses
Excess Revenue over (under) Exp

Prior Period Adjustment


Beginning Fund Balance

Ending Fund Balance



                                                  Historical (Audited)
Debt Service Coverage
Grade Levels
Total Student Enrollment
Classrooms
Average Daily Attendance (ADA)
ADA / Enrollment
State Funding Per ADA
Payroll Exp % of State Rev
Expenses per Student
Classroom Teachers
Student / Teacher Ratio
Enrollment Cap
Waiting List
Number of Campuses
                                Projected
FY 09   FY 10   FY 11   FY 12    FY 13      FY 14




                                Projected
FY 15       FY 16


            6,706,036
             495,817
             495,817



        $   7,697,670



        $   3,719,281
             316,330
             542,289
            1,140,026
                    -
                    -
            1,132,163




                    -
        $   6,850,089
        $    847,581

        $             -

                      -
        $             -

        $    847,581




                      -
             Pre-K - 8
                    816
                    38
                    726
                 89%
               9,237
                 55%
               9,435

				
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posted:11/22/2012
language:English
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