Finance Resource Page

1:1 Mobile

Warranty

  • Standard 1 year warranty

  • For large numbers of devices, extended warranties make no sense financially.

Insurance

  • Insurance

    • Self-Insure

      • Cozad - $35 take-home fee

      • enough to cover replacing 10% of devices each year

      • most repairs are screens, $100 - $200 per repair

      • Aurora- $35 Usage fee (if taking off school grounds)

    • AppleCare - $99

      • extends warranty to 2 years

      • covers battery if depletion exceeds 50%

      • 2 instances of accidental damage ($49/incident)

      • Wood River $35 ipad fee

      • Aurora AppleCare deductible $50 for duration of lease

      • GINW $35 technology usage fee

      • $50 deductible AppleCare

Lease vs Purchase

  • Hardware

    • $379/iPad in 10 packs

    • Wood River $368/iPad/year in 10 packs- fair market value when returned to leasing company

    • Aurora $350/iPad 2 in 10 packs; fair-market value 2-year lease paying 80% of cost of machines

  • Cozad financial calculations: iPad vs PC

    • $335/year for each current pc

    • 1-1 pc laptops grade 6-12 = $243,000/year

    • 1-1 iPad grade 6-12 = $105,000/year

    • mobile devices encourage move to cloud...

      • hardware savings = $15,000/year

      • Labor savings = $20,000/year

      • Software savings matches increased service costs

      • Wifi and redundant internet increase = $15,000/year

      • Failover and DR savings = $15,000/year

      • 50% decrease in printing = $40,000

    • We project $95,000 annual savings in IT after transition years

    • Must use savings for Tech integration, staff dev, EDUCATION over IT.

    • Cozad estimated app purchases of $15 per device (iLife apps free now with new device activation)

Take Home/Use Fee

  • Take-home/use fee

    • Incident Management--1 free repair

    • Deductibles for 2nd and 3rd repair (school year)

    • Parent-student contract