ESPLOST V & VI Financial Presentation 08-28-26

AID 2057365 · View on Simbli

Agenda Item

4. E-SPLOST VI Projects / Funding Status Presentation

Summary: Presented by: Mr. Erick Hofstetter, Chief Operating Officer, Division of Operations,
Mr. Darrell Stallings, Chief of Capital Improvements, Division of Capital Improvements
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Excerpt of ESPLOST V Program Contingency Reconciliation




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E-SPLOST VI Revenue Commitments & Expenditures


                          Revenue                Commitments                   Actuals        $815,000,000.00

                          Revenue Forecast       Commitments Forecast

       $800,000,000.00
                                                                        $676,510,748.49
       $700,000,000.00
                                                                                                $805,000,000.00
       $600,000,000.00
                                                                                          $645,580,366.97
       $500,000,000.00

       $400,000,000.00

       $300,000,000.00

                                                                                          $312,414,791.86
       $200,000,000.00

       $100,000,000.00

                     $-




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  ESPLOST VI — Deferment Action Plan Options                                                                                                                                                           Data Refreshed: June 30, 2026
  Recommended Deferment Action Plan · Option #1 and Option #2



                                                         Commitments
ESPLOST VI — Revenue · Commitment                        Option #1                                                                                           Option #2

                                                                                                                                 Remaining Funds in Budget                                                                        Remaining Funds in Budget
$1000M
                                                         All Planned Projects                                    $862,678,578.17                             All Planned Projects                                   $862,678,578.17


            $815M                      $805M
                                                         Recommended Deferred Projects                                                                       Recommended Deferred Projects
                                       (CAP)
$800M

                                        $128M             • Allgood ES                                           -$34,077,000.00                               • Allgood ES                                          -$34,077,000.00
              $196M
                                                          • Kittredge Magnet                                     -$21,411,790.00                              • Kittredge Magnet
                                                                                                                                                                                                                     -$21,411,790.70

$600M                                                      • Bus Purchase                                         -$25,000,000.00          $6,170,000.00
                                                                                                                                                              • Bus Purchase                                         -$25,000,000.00        $6,170,000.00
                                                          • Fire Alarm Enhancements                              -$14,454,000.00
                                                                                                                                                              • Fire Alarm Enhancements                              -$10,000,000.00        $4,454,000.00
                                                           - To existing functional systems not requiring full                                                - To existing functional systems not requiring full
                                                           upgrades                                                                                           upgrades

$400M                                                                                                                                                         • Elevator Cab Upgrades                                 -$4,000,000.00        $3,408,500.00
              $619M
                                        $677M
            (Incl.$12M                                   Recommended Added Project
               Rev.                                                                                                                                          Recommended Added Project
            Reduction)                                    • Stoneview ES                                         +$35,000,000.00
                                                                                                                                                              • Stoneview ES                                        +$35,000,000.00
$200M




  $0M                                                    ESPLOST VI Grand Total                                     $802,735,796.47                          ESPLOST VI Grand Total                                    $803,189,796.47
         Projected Revenue        Projected Commitment
                                                          Note: The recommended Deferment Action Plan includes Firm Commitments of                            Note: The recommended Deferment Action Plan includes Firm Commitments of
             Net Rev / Approved   Projected               $676,510,748.49 and Remaining ESPLOST VI Planned Projects totaling $186,167,838.68.                 $676,510,748.49 and Remaining ESPLOST VI Planned Projects totaling $186,167,838.68.
                                                          The recommended deferments are structured to ensure that total ESPLOST VI expenditures              The recommended deferments are structured to ensure that total ESPLOST VI
                                                          and commitments remain at or below the recommended $805 million ESPLOST VI program                  expenditures and commitments remain at or below the recommended $805 million
                                                          funding commitment cap.                                                                             ESPLOST VI program funding commitment cap.



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   ESPLOST VI — Capital Program Financial Overview                                                                                                       Data Refreshed: June 30, 2026
   Education Special Purpose Local Option Sales Tax · Collection Cycle VI · Revenue & Commitments




Total Projected Revenue                           Total Approved Commitments                     Total Projected Commitments                   Revenue vs. Commitment Variance
                                                                                                                                               Uncommitted revenue


$815M                                             $677M                                         $128M                                          $10M
At the end of July 2027 less payout to APS        Formally committed via approved contracts      Remaining expected commitments per
and CSD                                           and POs                                        Action Plan                                   Projected revenue less total approved and
                                                                                                                                               projected commitments



   ESPLOST                                                           Distribution Adjustment                                      Deferred Projects
   A one-penny-per-dollar sales tax voters approve to fund           The projected payout of ESPLOST VI overpayments              Scheduled ESPLOST VI projects identified but
   school construction and capital projects. By law it pays          received by DeKalb County Schools, to be redistributed       recommended for deferment under the ESPLOST VI
   only for capital items — buildings, buses, technology —           to the City Schools of Decatur and Atlanta Public            Recommended Action Plan.
   never day-to-day operating costs.                                 Schools respectively.




   Total Projected Revenue                                           Total Approved Commitments                                   Revenue vs. Commitment Variance
   Sales tax collected to date, plus interest earned to date,        Dollars formally committed to projects through approved      (Uncommitted Revenue)
   plus future sales tax and projected interest to be earned         contracts and purchase orders; see the Quarterly Status      Total projected revenue minus the total approved
   by July 2027, including the distributions made to City            Report.                                                      commitments minus the total projected commitments —
   Schools of Decatur and Atlanta Public Schools.                                                                                 the funds available beyond what is committed and
                                                                                                                                  planned.
                                                                     Total Projected Commitments
                                                                     Remaining expected commitments taking into account
                                                                     the recommended ESPLOST VI Action Plan.

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