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Welcome

Introduction

Nate Weaver, Superintendent
Jacob Sertich, Wilkins ADP
Josh Albright, Hausmann Construction
Tobin Buchanan, Northland Securities

Scott Schukar - Board President

Mike Szekely - Vice President

Farren Nelson - Secretary

Luke Thorell - Treasurer

Kelly Anderson

Denny Pouk

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Purpose of the Meeting

1. Provide additional information on frequently asked questions from the public.

Update the public on the project and next steps based on feedback from previous meetings.

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FAQ/Concerns

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Is the district using current resources and budgeting effectively?

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Cost of a 1^st year teacher

Salary - $40,000

Health Benefits - $9,839.40 – Family - $26,301

Dental – $381.36

LTD/STD/Life/AD&D - $390

Retirement – $3,232

FICA - $3,060

Total - $56,902.76 – Single

Total - $73,364.36 – family/spouse/children

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Teacher Pay Array

Total cost of Salary and Benefits for LPS Certified staff 25-26 - $2,683,243.50

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24-25 Loomis Tax Asking

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Neighboring School’s tax asking

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Conference School Comparison

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Tax Request Comparison (24-25)

District Request Enrollment Request per student

Wilcox Hildreth $6,182,28 236 $26,661

Bertrand $5,583,992. 236 $23,661

Southern Valley $7,290,667 397 $18,364

Axtell $5,722,563 335 $17,086

Loomis $3,732,318 272 $13,721

Small rural districts have the highest cost and tax per pupil. Axtell and Loomis are the only districts on the list receiving NET option dollars which can significantly decrease the tax request needed to operate the district.

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How do option students impact our current finances and can option dollars be applied toward the project?

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Help make us who we are…..

Bring their talents and gifts to our community

Allow us to offer more educational programs

Contribute to our activities programs

Make us viable now and into the future

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Financial Impact

24-25 Current Option IN – 107

25-26 Option IN – 103

Net Option Funding -

25-26 - $816,600

24-25 - $828,652

24-25 Option OUT – 25

25-26 Option Out - 26

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Financial Impact (current)

NET impact of option funds*

Annual NET option dollars of $800,000+
Increased costs due to option students = $200,000+
Annual gain/revenue due to option = $600,000+

Tax request impact of net option dollars*

Each cent levied generates about $60,000 in tax revenue
Option dollars reduce general fund tax request by about 10 cents per year
Reducing 10 cents = $200 less per year per $200,000 in valuation

$7.21 less per irrigated acre/$1,155 per quarter**

*Estimates for the purpose of discussion. Actual impacts could be higher or lower.

**Based on average assessed value in Phelps County 2025 per NE Dept of Revenue-$7,221

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Financial Impact (future w/bond)

Current district funds that can be used toward project

$1.5 million cash contribution toward the project
Reduces bond levy by about 2.5 cents
Reduces tax impact on property by $25/year per $100,000
Reduces tax impact $1.07 per irrigated acre/$171 per quarter
Saves $700,000+ in interest over 20 years

Future funds that can be used toward the project

Reduce Gen Fund tax request by $200,000 per year
Would offset about 4 cents+ in annual bond levy

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Projected Bond Summary

Bond amount of $18,250,000 ($1.5M district funds)

20-year bond @ 4.35 percent interest rate

Avg Annual Bond Payment (P and I) = $1,375,000

Bond levy = 31 cents per $100 of valuation

Existing bond tax ($232,000) will be retired

NET LEVY = 27 cents per $100 of valuation

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Taxpayer Impact-27 Cents

Property (residential, commercial, farm)

Per Month Per Year

$100,000 $22.50 $270

$210,317 $47.33 $568

$500,000 $112.50 $1,350

Ag Land (per year)*

Per acre Per Quarter

Irrigated $10.99 $1,758

Dryland $4.49 $ 718

Grass $2.36 $ 378

*Based on average assessed value per acre Phelps County 2024 NE Dept of Rev Report.

Taxpayer impact tables do not include reduced General Fund tax request of $200,000 per year (about 4 cents).

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Community Input Process

Meeting 1 – April 7^th - $25,000,000

Meeting 2 – June 16^th - $19,000,000

Meeting 3 - $18,250,000

The Board has taken the appreciated input and moved to making this a viable option for all involved.

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Is the activities space (gym) really needed as part of the project?

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Benefits of Participating in Activities for Academics�

"Students who are involved in extracurricular activities tend to have better grades and a stronger connection to school," according to the National Center for Education Statistics.

"Participation in school activities promotes time management and organizational skills," says Dr. Karen Bradley, an education researcher at the University of Michigan.

"High school activities give students a sense of belonging and motivation, which directly supports academic achievement," states a 2023 report by the American Psychological Association.

Loomis Students participating in Activities – 3.43 GPA

Loomis Students who do not participate in Activities - 2.96 GPA

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What is a gym used for?

Activities – Volleyball, Basketball, Track work-outs
Classroom – Teachers use the the gym consistently throughout the year for academics.
The proposed gym would offer 2 courts when the West gym is being used for other activities.
The most used facility in the building. Students use the gym throughout the Summer on a daily basis.
Community Center – Available to the community around school hours.
Youth groups – The facility is used on Wednesday nights.
Youth clubs and sports
Community Functions – Baseball , Turkey Days, Easter
A school has to have a balance of both academics and activities to be successful.

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REVIEW OF DISTRICT NEEDS

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* Packed Classrooms�* Staff - Working in in-adequate spaces�* Industrial Technology space is not adequate or safe.�* Wrestling Room space is not adequate or safe.�* The storage in the building is not adequate. �* LPS does not have an adequate place for sick students. �* Space has become an issue for added classes - � Home Ec, Potential Alternative Kindergarten, �* Possible addition of a Summer Program. �* HVac issues�* Aging Facilities

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Additions

This proposal adds 7 classrooms

This proposal adds a conference room, lounge, nursing station, 2 small group rooms, 2 ISS rooms, larger kitchen and larger cafeteria.

This proposal opens up space for our paras to meet in a room rather than working in the hallways.

This proposal gives much needed shop space to allow for more students to take Industrial Technology classes.

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