PERHAM-DENT PUBLIC SCHOOL ISD No. 549 Public Hearing for Taxes - PowerPoint PPT Presentation

PERHAM-DENT PUBLIC SCHOOL ISD No. 549 Public Hearing for Taxes Payable in 2017

Agenda for Hearing • The Big Picture • Information on District Budget • Information on the District’s Proposed Tax Levy for Taxes payable in 2017 • Public Comments and Questions

The Big Picture State Legislature and  Establish overall tax Governor’s Administration policy for state  Sole authority to create levy options for school districts.  Controls school levy parameters including amount of state aid and tax bases used for levies.

School Board’s Fit in Big Picture School Boards  Participate in state education programs for district’s children finance entirely by levies or combination of levy and state aid.  Ask voters to approve referendums for general operations and major capital projects

Schools Depend on State Aid Who Spends Tax Who Collects Dollars ? Taxes? 30% 36% 37% 63% 7% 27% State School Districts State School Districts Other Local Other Local

DISTRICT BUDGET

City/County vs. School Levy Cycle • City/County – Budget Year is same as calendar year. The 2017 taxes provide revenue for the calendar year 2017 budget. • School District Levy • 2016 Payable 2017 is the same as… • 2017-2018 School Year which is the same as • Fiscal Year 2018 (begins July 1, 2017 thru June 30, 2018)

Perham-Dent School District Revenues and Expenditures Actual for 2015-16 & Budget for 2016-2017 FY 2016 ACTUAL FY 2017 BUDGET FY 2016 BEGINNING FUND FY 2016 ACTUAL REVENUES JUNE 30, 2016 ACTUAL FY 2017 BUDGET REVENUES JUNE 30, 2017 PROJECTED FUND EXPENDITURES AND EXPENDITURES AND BALANCES AND TRANSFERS IN FUND BALANCES AND TRANSFERS IN FUND BALANCES TRANSFERS OUT TRANSFERS OUT General Fund/Restricted $ 996,479 $ 1,401,816 $ 1,153,269 $ 1,245,026 $ 1,381,548 $ 1,539,635 $ 1,086,939 General Fund/Other $ 1,429,699 $ 14,275,250 $ 13,968,581 $ 1,736,368 $ 14,638,143 $ 14,376,433 $ 1,998,078 Food Service Fund $ 123,465 $ 950,989 $ 882,145 $ 192,309 $ 854,850 $ 853,944 $ 193,215 Community Service Fund $ 77,331 $ 431,271 $ 424,945 $ 83,657 $ 473,105 $ 453,318 $ 103,444 Building Construction Fund $ - $ 45,881,462 $ 2,001,618 $ 43,879,844 $ 100,000 $ 28,361,706 $ 15,618,138 Debt Service Fund $ - $ 658,478 $ - $ 658,478 $ 2,599,891 $ 3,147,790 $ 110,579 Trust Fund $ 3,454 $ 12 $ 800 $ 2,666 $ - $ - $ 2,666 * OPEB Revocable Trust Fund $ - $ - $ - $ - $ - $ - $ - OPEB Irrevocable Trust Fund $ 1,760,860 $ 24,943 $ 183,617 $ 1,602,186 $ 15,000 $ 170,000 $ 1,447,186 OPEB Debt Service Fund $ 54,208 $ 1,359,538 $ 1,298,510 $ 115,236 $ 507,780 $ 651,000 $ (27,984) TOTAL - ALL FUNDS $ 4,445,496 $ 64,983,759 $ 19,913,485 $ 49,515,770 $ 20,570,317 $ 49,553,826 $ 20,532,261

2016-17 General Fund Budgeted Revenue Fund Transfers 1% Federal Revenue Local Revenue 2% 20% State Revenue 77% Local Revenue State Revenue Federal Revenue Fund Transfers

2016-17 General Fund Budgeted Expenditures Fixed Costs Administration Building & Equipment 1% 5% 15% District Support Services 3% Pupil Support Services 11% Instructional Support Regular Instruction Services 43% 6% Exceptional Instruction 14% Vocational Instruction 2% Administration District Support Services Regular Instruction Vocational Instruction Exceptional Instruction Instructional Support Services Pupil Support Services Building & Equipment Fixed Costs

2016-17 District Revenue Budget OPEB Debt Service Fund Debt Service Fund OPEB Trust Fund Community Service Fund General Fund Food Service Fund General Fund Food Service Fund Community Service Fund Building Construction Fund Debt Service Fund OPEB Trust Fund OPEB Debt Service Fund

2016-17 District Expenditure Budget Debt Service Fund OPEB Trust Fund 7% 0% General Fund OPEB Debt Service 32% Fund 1% Community Service Fund 1% Food Service Fund 2%

Proposed Tax Levy Information

Reading Your Tax Bill What Impacts Your Tax Bill?  Change in value to your property has a large impact on tax bill.  Amount of state equalization aid depends on district property wealth per pupil.  As pupil counts decline, a district’s wealth/pupil increases, reducing state aid.

School District Property Taxes • Each school district may levy taxes in up to 30 different categories • Levy limits for each category are set either by: • State law, or • Voter approval • Minnesota Department of Education (MDE) calculates detailed levy limits for each district

Public School Levy Authority Is 1. State Authorized And 2. Voter Approved These amounts appear under the heading of School District 549 and this appears as two lines on your property tax statement

Explanation of the School Portion of your Tax Statement 1. Voter Approved Levies • Building Construction (Debt Service Levy) 2. State Authorized Levies • All other levy categories

LEVY CHANGES General Fund • Levy for General Fund – 2.18% Increase or $58,532.80 Increase • This increase is due primarily to the following: • An increase in the number of pupils • Change by the legislature in the funding structure of how district maintenance needs are funded. Long Term Facility Maintenance funding increase from $192/pupil to $292/pupil for the 2017-18 school year.

Proposed Tax Levy FUND AND LEVY COMPONENT 2016 Payable 2017 2015 Payable 2016 DIFFERENCE REASON FOR CHANGE GENERAL FUND LOCAL OPTIONAL REVENUE $ 656,436.80 $ 661,185.60 $ (4,748.80) $424 pupil unit X 1551.20 APU BOARD APPROVED LEVY $ 360,131.31 $ 333,603.44 $ 26,527.87 ($300 pupil unit X 1551.20 APU)-$104,530.85 state aid EQUITY $ 303,398.89 $ 224,553.60 $ 78,845.29 Equalizes Revenue between districts CAPITAL PROJECT REFERENDUM $ 454,433.80 $ 443,796.53 $ 10,637.27 2.5% X NTC TRANSITION $ 61,783.42 $ (61,783.42) $39.33 X APU of 1551.20 STUDENT ACHIEVEMENT $ 27,161.19 $ 57,392.74 $ (30,231.55) ANTC X tax rate 0.0014 OPERATING CAPITAL $ 219,411.18 $ 292,334.89 $ (72,923.71) $292 INTEGRATION $ 33,507.16 $ 25,972.74 $ 7,534.42 30% of MDE Approved Budget REEMPLOYMENT $ 637.84 $ 3,584.93 $ (2,947.09) District Estimate SAFE SCHOOLS $ 55,735.20 $ 56,138.40 $ (403.20) $36 X 1551.20 APU CAREER TECHNICAL $ 114,409.75 $ 105,364.35 $ 9,045.40 35% of estimated expenditures HEALTH & SAFETY $ - $ - $ - Levy changed to LTFM DEFERRED MAINTENANCE $ - $ - $ - Levy changed to LTFM LONG TERM FACILITY MAINTENANCE (LTFM) $ 452,074.40 $ 300,964.20 $ 151,110.20 $292 X 1551.20 BUILDING/LAND LEASE $ 132,774.81 $ 123,769.64 $ 9,005.17 PACC and Freshwater EQUITY/TRANS. ADJUSTMENTS $ (31,038.23) $ 1,366.73 $ (32,404.96) Adjustments ADJUSTMENTS $ (31,092.63) $ (2,362.54) $ (28,730.09) Adjustments TOTAL GENERAL FUND LEVY $ 2,747,981.47 $ 2,689,448.67 $ 58,532.80 2.18%

LEVY CHANGES Other Funds • Levy for Community Service – 4.90% Decrease or $6,827 Reduction • Levy for Debt Service – 19.95% Increase or $518,715.94 Increase • Levy for OPEB Debt Service – No Levy for 2017 $507780 Reduction