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Alpine Parents Coalition - Exhibit

AUSD Construction Certificates of Participation Program COPs


Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 1 ol 10


1hls AC LxhlblL seeks Lo provlde lnlormaLlon concernlng an amounL ol $2,9,000 lnvesLed ln pro[ecLs
caLegorlzed by Lhe dlsLrlcL as elecLrlcal generaLlon and energy savlngs. CLher pro[ecLs lunded by Lhe
CerLlllcaLes ol arLlclpaLlon CCs" wlll be revlewed ln a separaLe exhlblL. 1hose pro[ecLs prlmarlly
lnclude $623,000 lor Lechnology wlreless communlcaLlons upgrades aL all school slLes and $32,000 ln
repalrs Lo Lhe exLerlor wall sLucco and palnLlng llnlshes aL oan Macueen Mlddle School.
Pow dld Lhe pro[ecLs come abouL? arL ol Lhe Amerlcan 8ecovery and 8elnvesLmenL AcL ol 2009 lor Lhe
lederal sLlmulus program lncluded lederal loan avallablllLy aL subsldlzed lnLeresL raLes. ln Calllornla, Lhe
sLaLe encouraged school dlsLrlcLs Lo submlL pro[ecL appllcaLlons lor such loans. 1he mechanlsm Lo selecL
whlch pro[ecLs recelved lundlng was a loLLery. AuSu submlLLed an appllcaLlon and apparenLly was one
ol Lhree dlsLrlcLs ln San ulego CounLy and one ol LhlrLy sLaLe-wlde Lo wln" ln Lhe loLLery drawlng
1
.
1he award Lo AuSu had Lhree aLLached condlLlons. llrsL - Lhe lederal governmenL would subsldlze Lhe
lnLeresL cosLs, up Lo a 3.3 lnLeresL raLe. 1he ellecL ol Lhe raLe subsldy was Lo reduce Lhe neL lnLeresL
cosL Lo AuSu ol CCs already lssued, glvlng Lhem an ellecLlve Annual ercenLage 8aLe ol 1.29
2
. hlle
Lhe dlsLrlcL pays Lhe lull lnLeresL raLe Lo Lhe governmenL agalnsL each ol Lhe CCs ln Lhe serles, Lhe
governmenL lssues back a check lor Lhe subsldy amounL. hen recelved, LhaL amounL ls lncluded ln Lhe
Local CLher" revenue llne ol Lhe dlsLrlcL budgeL lor accounLlng purposes. Second - Lhe lunds had Lo be
spenL wlLhln 36 monLhs ol award or be reLurned. 1hlrd SuCL as AuSus uLlllLy provlder was
compelled vla Lhe Calllornla ubllc uLlllLles Commlsslon Lo pay AuSu a $,000 lncenLlve" each year lor
Lhe llrsL llve years ol Lhe CCs program
3
.
1he energy savlngs pro[ecL ls made up ol Solar hoLo volLalc elecLrlclLy generaLlon laclllLles,
replacedupgraded heaLlng, venLllaLlon and alr condlLlonlng eulpmenL, and replacedupgraded
classroom lnslde llghLlng. Modern energy monlLorlng and energy managemenL eulpmenL was also
lnsLalled.
AuSu commlssloned Lhe Calllornla CenLer lor SusLalnable Lnergy, 1he CenLer" herelnalLer, Lo perlorm
an evaluaLlon ol reduclng energy cosLs ln Alplne schools. 1he CenLer evaluaLed Lhe llve school campuses
and Lhese llndlngs resulLed


1he campuses ln LoLal euaLe Lo nearly 3 looLball llelds ol area poLenLlally under cllmaLe
conLrol and lnLernal llghLlng lncludlng classrooms, 3 porLables and 3 each
admlnlsLraLlonolllce complexes, audlLorlumscommon use bulldlngs, llbrarlesklLchens and
so on. 1he dlsLrlcLs cenLral AdmlnlsLraLlon bulldlng and malnLenance laclllLles were noL
evaluaLed as Lhose laclllLles are lnellglble lor lederal sLlmulus lundlng.

1
SLaLlsLlc provlded by Lhe dlsLrlcL durlng an lnLervlew.
2
A llsLlng ol Lhe CCs serles showlng lnLeresL raLes and Lhe subsldy ls aLLached.
3
lnlormaLlon obLalned by lnLervlew ol Lhe AuSu 8uslness Manager. SupporLlng documenLs were clLed.

Lnergy AssessmenL 8eporL - Alplne unlon School ulsLrlcL March 1, 2011 reporL posLed on AC webslLe
Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 2 ol 10


Campus-wlde, abouL 12,000 kh ol elecLrlclLy were belng consumed each year eulvalenL
Lo abouL 102 average Calllornla homes, and aL a cosL Lo Lhe dlsLrlcL ol abouL $230,000 a year.

CollecLlvely, Lhe llve campuses had 2 alr condlLlonlng-heaLlng unlLs ol varlous slzes, Lypes,
manulacLures and age, and had 2,29 llghLlng llxLures. Aslde lrom oan Macueen Mlddle
School, whlch ls comparaLlvely newer, Lhe eulpmenL was hlgh-energy consumlng, old some
as old as lrom Lhe 190s, someLlmes lnoperable and needlng hlgh malnLenance all
conLrlbuLlng Lo an unsaLlslacLory classroom learnlng envlronmenL.
1he CenLer also ldenLllled Lhe poLenLlal Lo lnsLall nearly 200 k kllo-waLLs ol rool-Lop solar hoLo
volLalc elecLrlclLy generaLlon. Locally generaLlng elecLrlclLy lrom solar power would subsLanLlally reduce
Lhe dlsLrlcLs elecLrlclLy bllls
3
.
1he CenLer pro[ecLed LhaL collecLlvely, Lhe hoLo volLalc solar generaLlon and Lhe replacemenL ol older,
lnelllclenL PvAC and llghLlng unlLs LogeLher wlLh Lhe lnsLallaLlon ol modern energy monlLorlng and
managemenL sysLems could poLenLlally reduce Lhe dlsLrlcLs elecLrlcal bllls by abouL $11,000 per year.
aylng lor lnvesLmenLs Lhrough CerLlllcaLes ol arLlclpaLlon Lhe CCs ls eulvalenL Lo lssulng a serles
ol loans LhaL Lhe dlsLrlcL pays lor ouL ol lLs operaLlng lunds. CCs are noL llke bonds, where Laxpayers
wlLh real properLy wlLhln Lhe dlsLrlcLs boundary pay lor Lhe loan lnsLrumenLs Lhrough Lemporary, buL
usually long Lerm, lncremenLal properLy Lax. ll Laxpayers agree by a balloL bond voLe, Lhe CCs could
be rolled-over, or replaced, by bonds. uolng so places Lhe onus ol loan paymenL on Laxpayers, raLher
Lhan on Lhe school dlsLrlcL ouL ol Lhe dlsLrlcLs operaLlng cash llows.
Taxpayers/voters rejected such a school district bond arrangement at the November 2012 elections.
AuSu had lssued Lwo CCs, a Serles A" ln Lhe amounL ol $,0,000 and a Serles 8" lor $230,000.
1he Serles A" CCs lncluded varlous energy savlngs pro[ecLs cosLlng $3,0,63 plus varlous
malnLenancerepalr works cosLlng $ 1,031,0. 1he balance ol Lhe cosLs lncluded $133,33 ln lssuance
and admlnlsLraLlve lees, and lncluded $1,306 ln avallable lunds. Slnce lssulng, Lhe dlsLrlcL recalled"
$13,000 ol Lhe avallable lunds meanlng lL was declded Lo noL spend agalnsL LhaL avallablllLy and Lhe
lunds were reLurned.
1he Serles 8" CCs were used as lnLerlm lundlng lor Lhe pro[ecLs unLll Lhe Serles A" CCs were
llnallzed and lssued raLher Lhan spendlng lnlLlally lrom Lhe dlsLrlcLs general lund LhaL ls lnLended lor
operaLlng expenses. 1he Serles 8" CCs wlll be pald oll ln May, 201 lrom Lhe Serles A" CCs. Serles
8" ls Lherelore an lnLernal cash llow arrangemenL and neLs ouL" neuLral Lo Lhe dlsLrlcLs spendlng.

3
8eler Lo aLLachmenL lor school slLe hoLo volLalc lnsLallaLlon speclllcs.
Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 3 ol 10

1he CCs were approved ln uly 2010 belore Lhe currenL SuperlnLendenL and belore Lhree ol Lhe llve
currenL 8oard 1rusLees were elecLed.
1he CCs paymenL schedule was deslgned such LhaL Lhe llrsL lnLeresL paymenL lrom Lhe dlsLrlcLs
general operaLlng lund was made ln november 2013 and Lhe llrsL paymenL on loan prlnclpal wlll be
made ln May 201. 1he dlsLrlcL had Lhe use ol Lhe loan lundlng lor abouL Lwo and one hall years belore
a paymenL was due. 1he dlsLrlcL began recelvlng Lhe CuCSuCL lncenLlve paymenLs prompLly. 1he
lederal governmenL ls subsldlzlng loan lnLeresL up Lo a raLe ol 3.3. 1he PvAC and llghLlng upgrades
were ready ln SepLember 2011. 1he hoLo volLalc generaLlon laclllLles were ready ln anuary 2012.
Savlngs lrom onslLe solar elecLrlclLy generaLlon and lrom Lhe upgraded, more elllclenL PvAC and llghLlng
eulpmenL sLarLed abouL Lwo years belore Lhe llrsL paymenLs on Lhe CCs were due
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AlLer a purposely deslgned delerred paymenL sLarL, Lhe llrsL CCs prlnclpal paymenL has now become
due Lhls May 201 aL a cosL ol abouL $330,000. 1here are 1 annual lnLeresL paymenLs and 1 annual
prlnclpal paymenLs lor a cumulaLlve cosL Lo Lhe dlsLrlcL ol abouL $3,231,000 LhaL are assoclaLed wlLh Lhe
energy savlngs pro[ecLs.
1he cosL ol Lhe hoLo volLalc Solar porLlon ol Lhe CCs ls $1,303,000. Cver Lhe 1-year llle ol Lhe CCs
loan, Lhe cumulaLlve cosL Lo Lhe dlsLrlcL ol Lhe hoLo volLalc Solar elecLrlclLy generaLlon porLlon ol Lhe
CCs, Lhe prlnclpal plus lnLeresL, wlll be $1,63,000. AL Lhe dlsLrlcLs assumed 3.22 escalaLlon ln
elecLrlcal cosLs each year used aL Lhe Llme ol lLs lnlLlal economlc valuaLlon, Lhe pro[ecL wlll reduce Lhe
dlsLrlcLs cumulaLlve elecLrlclLy blll across Lhe perlod by abouL $2,00,000 lncludlng Lhe benellL ol Lhe
SuCLCuC lncenLlve paymenLs LoLallng $230,000. Accordlng Lo Lhe Calllornla ubllc uLlllLles
Commlsslon, Lhe acLual raLe ol lncrease ln llghL commerclal elecLrlcal cosLs Lhe reglme under whlch
AuSu ls bllled by SuCL, was 3. per year over Lhe perlod 2000 2011

. uslng Lhe acLual"


elecLrlclLy raLe lncreases across 2000 2011, Lhe savlngs lncreases by abouL $6,000.
ll AuSu had noL lnsLalled Lhe hoLo volLalc Solar elecLrlclLy generaLlon eulpmenL, Lhe cosL Lo Lhe
ulsLrlcL lor elecLrlclLy over Lhe 1-year llle ol Lhe CCs loan would have been $2,00,000 greaLer
approxlmaLely $123,000 per year as an arlLhmeLlcal average.

1he lollowlng charL shows Lhe savlngs lrom Lhe hoLo volLalc elecLrlclLy generaLlng parL ol Lhe CCs
pro[ecL lor varylng assumpLlons ol Lhe raLe ol growLh ln elecLrlclLy cosLs.



6
8eler Lo aLLachmenL lor charLs showlng Lhe componenLs ol savlngs and cosLs cash llows.

Accordlng Lo Lhe Calllornla ubllc uLlllLles Commlsslon, Lhe average yearly cosL ol SuCLs Small Commerclal"
raLe sLrucLure has lncreased lrom 11. cenLs per kh ln 2000 Lo 1.6 ln 2011, an lncrease ol abouL 30. 1haL
euaLes Lo a 3. per year compounded lncrease ln Lhe cosL ol elecLrlclLy Lo small commerclal users.
LLpwww.cpuc.ca.govuCenergyLlecLrlc8aLesLnC8uraLesnCharLselecL.hLm

Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 4 ol 10



AL a dlscounL raLe ol 1.29 - Laken as Lhe ellecLlve alLer-subsldy CCs Annual ercenLage 8aLe - and on
LhaL dlscounLed cash llow basls, Lhe calculaLed ay-8ack" perlod ol Lhe pro[ecL ls esLlmaLed aL abouL
1.0 years. 1hls means Lhe pro[ecL pays lor lLsell Lhrough savlngs aL abouL 36 Lhrough Lhe 23-year llle
ol Lhe laclllLles.

ln Lhe lasL year ol Lhe CCs paymenL perlod, hoLo volLalc Solar elecLrlclLy generaLlon ls calculaLed Lo
save Lhe dlsLrlcL abouL $13,000 wlLh Lhe laclllLles havlng a remalnlng uselul llle ol abouL -9 years.

Finding: 1he savlngs ln elecLrlclLy cosLs exceeds Lhe cosL ol Lhe lnLeresL plus prlnclpal ol Lhe porLlon ol
Lhe CCs loans appllcable Lo Lhe energy savlngs lnvesLmenLs.

now we look aL Lhe cosL ol Lhe LulpmenL 8eplacemenL porLlon ol Lhe CCs PvAC and llghLlng. 1haL
cosL ls $1,1,000. Cver Lhe 1-year llle ol Lhe CCs loan, Lhe cumulaLlve cosL ol Lhe 8eplacemenL
porLlon ol Lhe CCS Lo Lhe dlsLrlcL wlll be abouL $1, 60,000. Powever, aL Lhe assumed 3.22 escalaLlon
ln elecLrlcal cosLs each year, Lhe pro[ecL wlll reduce Lhe dlsLrlcLs cumulaLlve elecLrlclLy blll across Lhe
perlod by abouL $6,000. uslng Lhe CuC-reporLed acLual lncrease ln raLes over Lhe perlod 2000
2011, Lhe savlngs lncrease by abouL $3,000.

1he lollowlng charL shows Lhe savlngs lrom Lhe PvAC and llghLnlng upgrades porLlon ol Lhe CCs pro[ecL
lor varylng assumpLlons ol Lhe raLe ol growLh ln elecLrlclLy cosLs.

Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 5 ol 10



Cn a 1.29 dlscounLed cash llow basls, Lhere ls no ay-8ack" perlod because Lhe energy savlngs never
covers Lhe cosL ol Lhe lnvesLmenL aL any perlod ln Lhe uselul llle ol Lhe eulpmenL. lL ls a sunk" cosL
[udged necessary Lo keep heaLlng, venLllaLlng and alr condlLlonlng, and classroom llghLlng elllclenLly
operaLlng as needed.

ln Lhe lasL year ol Lhe CCs paymenL perlod, Lhe PvAC and llghLlng upgrade porLlon ol Lhe pro[ecL ls
calculaLed Lo save Lhe dlsLrlcL abouL $9,000 wlLh Lhe laclllLles have a remalnlng uselul llle ol abouL -
9 years.

ln Lhe conLexL ol Lhls porLlon ol Lhe pro[ecL, Lhese lnvesLmenLslmprovemenLs are noL lnLended Lo be
cash llow neuLral as ln Lhe Lype ol pro[ecL purposely lnLended Lo have a neL economlc benellL. unllke
hoLo volLalc Solar whlch generaLes cosL lree" elecLrlclLy, Lhls porLlon ol Lhe CCs ls baslcally lnLended
lor replaclng older, less rellable eulpmenL nearlng Lhe end ol uselul llle wlLh newer, modern, more
elllclenL eulpmenL and Lhen achlevlng less energy usage whlch serves Lo lurLher reduce Lhe dlsLrlcLs
elecLrlclLy expenses.

Finding: 1he savlngs ln elecLrlclLy cosLs wlll noL cover Lhe cosL ol Lhe porLlon ol Lhe CCs loans lor Lhe
PvAC and llghLlng lmprovemenLs.

1,000,000
300,000
0
300,000
1,000,000
1,300,000
2,000,000
2,300,000
3,000,000
3,300,000
0.0 1.0 2.0 3.0 3. .0 3.0
ASSUMED RATE OF GROWTH IN ELECTRICITY COSTS
HVAC & LIGHTING UPGRADES - $1,471,000
OVER 17 YEAR COPs PAYMENT PERIOD
LnL8C? SAvlnCS
nL1 CCS1 Al1L8 SAvlnCS
1C1AL CCs CCS1
Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 6 ol 10

Footnote 2 l tngonfe OP ora duyg gamnag grOpnfe nfoamago m.oag .f ora ggn ng .oo.ra.
A une 16, 2010 documenL provlded by Lhe ulsLrlcLs bond consulLanL, SLone ?oungberg, shows Lhe 1
lnLended paymenLs, each wlLh a dlllerenL lnLeresL raLe Lhe coupon", and noLlng LhaL Lhe 1ax CredlL
8ond 8aLe" ls 3.3. 1he lederal governmenL subsldlzes all lnLeresL raLes paymenLs up Lo Lhe 3.3
Lhreshold. As a conseuence ol Lhe subsldy, Lhe neL alLer-subsldy Annual ercenLage 8aLe Lo Lhe dlsLrlcL
becomes an ellecLlve A8 raLe ol abouL 1.29.
As an example ol Lhe subsldy benellL, Lhe llrsL Lhree paymenLs Lhrough May 1, 2016 have lnLeresL raLe
coupons ol less Lhan 3.3. AlLer recelvlng Lhe lederal subsldles lor Lhese paymenLs, Lhe neL lnLeresL
cosL ol Lhe Lhree loan paymenLs ls zero because all Lhree coupons are less Lhan Lhe subsldlzed Lhreshold.
1he lnlLlal Lranche ol Lhree paymenLs LoLallng $23,000 ln CCs loan paymenLs ls baslcally lnLeresL
lree".

Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 7 ol 10

Footnote 5: ZaPam oO .oo.rafo POm grOOt gnoa yrOoO sOto.n nfgo.tt.onOf ganPng
1he Calllornla CenLer lor SusLalnable Lnergy perlormed an Lnergy SLar 8enchmarklng ol each Alplne
campus. 1he CenLer lound LhaL all AuSu schools use elecLrlclLy more elllclenLly Lhan 3 ol Lhe
klndergarLen Lhrough grade 12 schools ln Calllornla.

1he CenLer conllrmed LhaL Alplne LlemenLary ls already a neL producer ol elecLrlclLy due Lo exlsLlng
hoLo volLalc elecLrlclLy generaLlng laclllLles lnsLalled many years ago. lL also conllrmed LhaL oan
Macueen ls operaLlng elllclenLly, LhaL Lhe lnsLalled hoLo volLalc sysLems are lalrly new, and LhaL Lhey
ollseL mosL ol LhaL slLes energy consumpLlon.
8ased on a Lyplcal lnsLallaLlon prlce" assumpLlon, Lhe CenLer recommended lnsLalllng hoLo volLalc
Solar elecLrlclLy generaLlng laclllLles aL Creekslde, Shadow Pllls and 8oulder Caks lor a LoLal generaLlng
capaclLy ol abouL 132 kh. 1he payback perlods would be 1-20 years. uslng LhaL lnvesLmenL cosL
assumpLlon, Lhe CenLer lound LhaL addlLlonal laclllLles aL oan Macueen would noL provlde a poslLlve
reLurn Lhe benellLs ol lnsLalllng addlLlonal solar aL MMS wlLh a Lyplcal lnsLallaLlon prlce . . only
supporLs a payback ol 20-23 years".
Powever, Lhe CenLer noLed ln lLs reporL LhaL a LoLal capaclLy ol abouL 132 k was somewhaL small
pro[ecL. 1he CenLer commenLed LhaL,


Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 8 ol 10

1he CenLers reporL seemed Lo lnler LhaL a declslon Lo add hoLo volLalc Solar elecLrlclLy generaLlng
laclllLles aL oan Macueen was an opLlon. ln AC dlscusslons wlLh Lhe dlsLrlcL, lL seems Lhe dlsLrlcL Look
Lhls poslLlon Lo conslder addlng laclllLles Lo oan Macueen as an opLlon.
lrom dlscusslons wlLh Lhe dlsLrlcL, ln evaluaLlng Lhe merlLs ol LhaL opLlon lL consldered Lhese polnLs
AlLhough oan Macueen had some solar, lL was noL sell-sulllclenL.
1he CenLers reporL dld say LhaL lncremenLal hoLo volLalc Solar aL oan Macueen would
supporL a payouL ol 20-23 year. 1he CenLers speclllc wrlLLen recommendaLlons were lor Lhose
campuses havlng slmple payouLs less Lhan 20 years a cuL-oll polnL.
1he CenLer dld wrlLe sub[ecLlvely LhaL wlLhouL laclllLles aL oan Macueen Lhe pro[ecL was llkely
noL large enough Lo ensure prospecLlve bldders wlLh Lhe besL level ol sLaLe and lederal
lncenLlves parL ol whlch would be passed on Lo Lhe dlsLrlcL ln Lhe bld prlclng. 1hls was noL
uanLllled by Lhe CenLer.
AL Lhe Llme ol Lhe reporL, Lhe elecLrlclLy consumpLlon aL oan Macueen was abouL Lhe same as
8oulder Caks and Shadow Pllls comblned aL abouL $30,000 a year

. oan Macueen as a
relaLlvely large sLudenL body laclllLy was a slgnlllcanL conLrlbuLor ol elecLrlclLy demand even
Lhough lL already had some solar.
1he CenLer dld llnd Lhe energy lnLenslLy ol oan Macueen, whlle lower Lhan Lhe average sLaLe
value lor elemenLaryhlgh schools schools, was sLlll Lhe leasL elllclenL campus.
AlLer all oLher pro[ecLs lncorporaLed ln Lhe CCs loan, Lhere was sLlll subsldlzed lundlng
avallable. lncremenLally addlng hoLo volLalc Solar Lo oan Macueen would be a ualllled use
ol LhaL lundlng. lLhouL laclllLles aL oan Macueen, and barlng no oLher ualllylng uses, Lhe
dlsLrlcL would reLurn Lhe unused porLlon ol Lhe lederal SLlmulus loan.
8elore maklng a declslon, Lhe dlsLrlcL dld analyze Lhe lmpacL. 1he dlsLrlcL lound LhaL addlng 61 kh
ol capaclLy aL oan Macueen would cosL abouL $,000 and would save abouL $16,300 ln
elecLrlclLy cosLs aL LhaL campus sLarLlng ln Lhe llrsL year and escalaLlng LherealLer as elecLrlclLy cosLs
escalaLed lnLo Lhe luLure
9
. 1he dlsLrlcL calculaLed LhaL Lhe lnvesLmenL would have a slmple payback
ol abouL 22 years on an assumed 3 markeL relaLed dlscounLed cash llow basls noL on Lhe basls ol
Lhe lower 1.29 ellecLlve raLe resulLlng lrom Lhe lederal subsldy, whlch had noL yeL been llnallzed
aL Lhe Llme. AC assesses LhaL aL a 1.29 dlscounL raLe provlded by Lhe lederal subsldlzed loans,
Lhe payback perlod lor oan Macueen lalls Lo Lhe 20 year range Lhe cuL-oll Lhreshold used by Lhe
Calllornla CenLer lor SusLalnable Lnergy ln lLs reporL Lo Lhe dlsLrlcL.
Conslderlng all Lhe lnlormaLlon, Lhe dlsLrlcL declded Lo maxlmlze hoLo volLalc Solar elecLrlclLy
generaLlng capaclLy across all campuses. 1haL was achleved by lncremenLally addlng abouL 61 kh
aL oan Macueen, brlnglng Lhe LoLal elecLrlclLy generaLlng capaclLy Lo a LargeL ol 19 kh. 1hls
declslon was made by a pasL SuperlnLendenL and a pasL 8oard ol 1rusLees.

lnlormaLlon provlded by Lhe dlsLrlcL.


9
lnlormaLlon provlded by Lhe dlsLrlcL
Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 9 ol 10

Footnote 6: ZaPam oO .oo.rafo POm r.mog grOpnfe ora OOfafog OP g.nfeg .f Ogog .gr PtOpg

1he lollowlng charL shows Lhe elecLrlclLy savlngs lrom Lhe hoLo volLalc Solar laclllLles green verLlcal
bars, Lhe savlngs lrom Lhe PvAC and llghLlng upgrades yellow, and shows Lhe uplronL cash lmpacL ol
Lhe llve $,000 annual lncenLlve paymenLs lrom SuCLCuC blue.




1he charL below shows Lhe neL lnLeresL cosL alLer lederal subsldy black and Lhe prlnclpal paymenLs
red lor LhaL porLlon ol Lhe CCs appllcable Lo Lhe energy generaLlon and savlngs pro[ecL.



0
30,000
100,000
130,000
200,000
230,000
300,000
330,000
00,000
2
0
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1

2
0
1
3
2
0
1
6
2
0
1

2
0
1

2
0
1
9
2
0
2
0
2
0
2
1
2
0
2
2
2
0
2
3
2
0
2

2
0
2
3
2
0
2
6
2
0
2

2
0
2

2
0
2
9
2
0
3
0
2
0
3
1
2
0
3
2
2
0
3
3
2
0
3

2
0
3
3
PROJECT INCENTIVES, ENERGY SAVINGS, ELECTRICITY GENERATION
lnCLn1lvL A?MLn1
uC8AuL SAvlnCS
v SCLA8 CLnL8A1lCn
0
30000
100000
130000
200000
230000
300000
330000
00000
2
0
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1

2
0
1
3
2
0
1
6
2
0
1

2
0
1

2
0
1
9
2
0
2
0
2
0
2
1
2
0
2
2
2
0
2
3
2
0
2

2
0
2
3
2
0
2
6
2
0
2

2
0
2

2
0
2
9
2
0
3
0
2
0
3
1
2
0
3
2
2
0
3
3
2
0
3

2
0
3
3
COPs INTEREST & PRINCIPAL PAYMENTS
ln1L8LS1 CCS1
8lnClAL CCS1
Alpine Parents Coalition - Exhibit
AUSD Construction Certificates of Participation Program COPs
Photo Voltaic Electricity Generation & Upgraded HVAC & Lighting

age 10 ol 10

1he lollowlng charL comblnes Lhe elecLrlclLy savlngs, lncenLlve paymenLs and Lhe lnLeresL and prlnclpal
paymenLs Lhereby showlng Lhe lnwardand or ouLward cash llow lor each year.

1he poslLlve cash llows ln Lhe early years ol Lhe pro[ecL llghL green bars are due Lo Lhe delerred debL
paymenL schedule Lhe dlsLrlcL recelved Lhe lederal SLlmulus lundlng abouL Lhree years belore Lhe
lnLeresL and prlnclpal paymenLs were Lo begln coupled wlLh Lhe SuCLCuC lncenLlve paymenLs. 1he
lncenLlve paymenLs recelved lrom SuCLCuC were Laken dlrecLly Lo Lhe Local CLher" revenue llne ln
Lhe dlsLrlcLs operaLlng budgeL as and when recelved. And Lhe elecLrlcal savlngs ls already belng
capLured ln Lerms ol reduced elecLrlclLy purchases.
1he neL yearly cash llow blue llne Lurns negaLlve across Lhe years ol Lhe 1 scheduled annual lnLeresL
and prlnclpal paymenLs.
ln year 202, alLer Lhe CCs are pald-oll ln year 202, Lhe cash llow Lurns poslLlve aL abouL $200,000
lor Lhe year, and ls pro[ecLed Lo lncrease each year lnLo Lhe luLure as elecLrlclLy cosLs escalaLe.
1he poslLlve cash llow alLer year 201 ls a resulL ol savlngs lrom Lhe hoLo volLalc Solar elecLrlclLy
generaLlon laclllLles plus Lhe savlngs ln elecLrlclLy consumed by Lhe upgraded PvAC and llghLlng
laclllLles.

00,000
300,000
200,000
100,000
0
100,000
200,000
300,000
2
0
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
2
0
2
1
2
0
2
2
2
0
2
3
2
0
2
4
2
0
2
5
2
0
2
6
2
0
2
7
2
0
2
8
2
0
2
9
2
0
3
0
2
0
3
1
2
0
3
2
2
0
3
3
2
0
3
4
2
0
3
5
NET PROJECT CASH IMPACTS PER YEAR
INCENTIVES/SAVINGS vs INTEREST & PRINCIPAL
ln1L8LS1 8lnClAL Cu1lLCS
lnCLn1lvLS SAvlnCS lnlLCS
nL1 AnnuAL CASP lMAC1