2017 Proposed Property Tax Levy

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Adrian Copeland
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1 2017 Proposed Property Tax Levy

2 Schedule of events of district s levy approval September 9 MN Dept. of Education prepared and distributed 1 st draft of levy limit worksheets setting maximum authorized levy limits. September 21 School Board reviewed and approved the proposed levy amounts Mid-November - County mails Proposed Property Tax Statements to all property owners December 12, 2016 at 6:00pm Public hearing on final levy for certification at regular school board meeting

3 Certified in 2016 Taxes Payable in Calendar Year 2017 Revenue Recognized in Fiscal Year 2018 School Year Based of Estimated Enrollment Estimate = 6, Actual = 6,446

4 How is a School District s Levy Amount Determined?

5 Tax Year General Fund Community Ed Debt Service Total Change % Change 2005 $3,474,884 $551,438 $6,980,208 $11,006, $5,009,427 $562,735 $7,121,323 $12,693,486 $1,686, % 2007 $6,164,893 $565,290 $7,152,532 $13,882,716 $1,189, % 2008 $6,376,792 $488,105 $6,209,851 $13,074,748 ($807,968) -5.8% 2009 $6,667,740 $586,959 $6,556,437 $13,811,136 $736, % 2010 $6,351,375 $603,655 $8,998,341 $15,953,371 $2,142, % 2011 $6,123,291 $596,816 $9,066,118 $15,786,225 ($167,146) -1.0% 2012 $7,375,839 $600,149 $8,869,892 $16,845,880 $1,059, % 2013 $7,170,907 $587,755 $8,926,042 $16,684,704 ($161,176) -1.0% 2014 $7,134,386 $586,260 $8,891,019 $16,611,666 ($73,038) -0.4% 2015 $8,984,256 $572,919 $9,014,022 $18,571,197 $1,886, % 2016 $9,051,840 $572,179 $9,099,972 $18,723,991 $152, % 2017 $9,240,702 $576,345 $9,117,059 $18,934,106 $210, % 5 Year average annual change 2.5% 10 Year average annual change 4.8%

6 FINAL FINAL FINAL FINAL Proposed Fund Change General Fund Referendum (voter approved) $2,863,613 $1,076,534 $187,327 $97,088 $0 ($97,088) Referendum (board created) $0 $307,303 $1,113,422 $1,096,152 $1,119,902 $23,750 Location Equity Revenue $0 $1,425,652 $2,799,939 $2,788,982 $2,828,041 $39,059 Equity $844,362 $872,532 $1,026,545 $950,532 $1,041,069 $90,537 Subtotal $3,707,975 $3,682,021 $5,127,233 $4,932,754 $4,989,012 $56,258 Student Achievement $0 $182,203 $170,784 $163,685 $78,762 ($84,923) Q - Comp $621,970 $585,442 $605,288 $624,826 $602,621 ($22,205) Operating Capital $1,074,646 $815,239 $812,200 $842,774 $589,159 ($253,615) Long Term Facilities Maintenance $1,210,647 $1,824,567 $613,920 Deferred Maintenance $429,136 $417,007 $432,433 ($785) $11,839 $12,624 Capital Facilities ($129,399) ($129,562) ($132,748) ($139,522) ($138,728) $794 Re-Employment Insurance $33,929 $28,622 $17,343 $14,356 ($12,058) ($26,414) Health and Safety $381,794 $446,320 $668,143 ($63,488) ($90,825) ($27,337) Building Lease Levy $548,367 $488,537 $691,059 $839,836 $801,361 ($38,475) Safe Schools $214,568 $235,815 $243,310 $256,079 $272,433 $16,354 Technical Education $244,677 $285,761 $244,585 $233,789 $238,521 $4,732 Other $24,453 $91,882 $91,119 $91,731 $91,215 ($516) Adjustments for Prior Years $18,791 $5,100 $13,507 $45,158 ($17,177) ($62,335) Total General Fund $7,170,907 $7,134,387 $8,984,256 $9,051,840 $9,240,702 $188,862 Community Service Fund Basic Community Ed $305,928 $305,928 $305,928 $310,346 $310,346 $0 Early Childhood Family Ed $211,771 $211,752 $192,657 $185,133 $184,307 ($826) School - Age Child Care $55,047 $55,859 $60,479 $62,198 $63,359 $1,161 Other $13,272 $13,103 $13,014 $12,605 $16,779 $4,174 Adjustments for Prior Years $1,737 ($382) $841 $1,897 $1,554 ($343) Total Community Service $587,755 $586,260 $572,919 $572,179 $576,345 $4,166 Debt Service Fund Voter Approved Debt Service $6,550,822 $6,516,416 $6,625,185 $6,632,264 $6,592,566 ($39,698) Other Debt Service $663,049 $181,703 $185,671 $179,819 $178,840 ($979) OPEB Debt Service $2,060,021 $2,667,598 $2,594,994 $2,612,477 $2,653,575 $41,098 Reduction for Debt Service Excess ($347,850) ($474,698) ($391,828) ($324,588) ($307,922) $16,666 Total Debt Service Fund $8,926,042 $8,891,019 $9,014,022 $9,099,972 $9,117,059 $17,087 Total Tax Levy $16,684,704 $16,611,666 $18,571,197 $18,723,991 $18,934,106 $210,115

7 A Tale of Two Weightings $ (approved by voters in the 2011 election - Q1 - $ for 10 years, Q2 - $200 for 5 years) $ (adjusted amount after the pupil weighting changes) - $ (less approved local option revenue) =$ (remaining voter approved follows the soonest expiration date, which is 2016) +$ (school board created amount approved in 2014) =$ (total voter and board approved amount) Resident Students Old Weightings 7, x $ = $3,046, Students Served New Weightings $3,046, / 7, = $434.36

8 FINAL FINAL FINAL FINAL Proposed Fund Change General Fund Referendum (voter approved) $2,863,613 $1,076,534 $187,327 $97,088 $0 ($97,088) Referendum (board created) $0 $307,303 $1,113,422 $1,096,152 $1,119,902 $23,750 Location Equity Revenue $0 $1,425,652 $2,799,939 $2,788,982 $2,828,041 $39,059 Equity $844,362 $872,532 $1,026,545 $950,532 $1,041,069 $90,537 Subtotal $3,707,975 $3,682,021 $5,127,233 $4,932,754 $4,989,012 $56,258 Student Achievement $0 $182,203 $170,784 $163,685 $78,762 ($84,923) Q - Comp $621,970 $585,442 $605,288 $624,826 $602,621 ($22,205) Operating Capital $1,074,646 $815,239 $812,200 $842,774 $589,159 ($253,615) Long Term Facilities Maintenance $1,210,647 $1,824,567 $613,920 Deferred Maintenance $429,136 $417,007 $432,433 ($785) $11,839 $12,624 Capital Facilities ($129,399) ($129,562) ($132,748) ($139,522) ($138,728) $794 Re-Employment Insurance $33,929 $28,622 $17,343 $14,356 ($12,058) ($26,414) Health and Safety $381,794 $446,320 $668,143 ($63,488) ($90,825) ($27,337) Building Lease Levy $548,367 $488,537 $691,059 $839,836 $801,361 ($38,475) Safe Schools $214,568 $235,815 $243,310 $256,079 $272,433 $16,354 Technical Education $244,677 $285,761 $244,585 $233,789 $238,521 $4,732 Other $24,453 $91,882 $91,119 $91,731 $91,215 ($516) Adjustments for Prior Years $18,791 $5,100 $13,507 $45,158 ($17,177) ($62,335) Total General Fund $7,170,907 $7,134,387 $8,984,256 $9,051,840 $9,240,702 $188,862 Community Service Fund Basic Community Ed $305,928 $305,928 $305,928 $310,346 $310,346 $0 Early Childhood Family Ed $211,771 $211,752 $192,657 $185,133 $184,307 ($826) School - Age Child Care $55,047 $55,859 $60,479 $62,198 $63,359 $1,161 Other $13,272 $13,103 $13,014 $12,605 $16,779 $4,174 Adjustments for Prior Years $1,737 ($382) $841 $1,897 $1,554 ($343) Total Community Service $587,755 $586,260 $572,919 $572,179 $576,345 $4,166 Debt Service Fund Voter Approved Debt Service $6,550,822 $6,516,416 $6,625,185 $6,632,264 $6,592,566 ($39,698) Other Debt Service $663,049 $181,703 $185,671 $179,819 $178,840 ($979) OPEB Debt Service $2,060,021 $2,667,598 $2,594,994 $2,612,477 $2,653,575 $41,098 Reduction for Debt Service Excess ($347,850) ($474,698) ($391,828) ($324,588) ($307,922) $16,666 Total Debt Service Fund $8,926,042 $8,891,019 $9,014,022 $9,099,972 $9,117,059 $17,087 Total Tax Levy $16,684,704 $16,611,666 $18,571,197 $18,723,991 $18,934,106 $210,115

2017 $1,205,425 $169,546 $1,374,971 2018

9 2017 $1,205,425 $169,546 $1,374, $1,821,582 $260,962 $2,082,544 $707,573 $616,157

10 FINAL FINAL FINAL FINAL Proposed Fund Change General Fund Referendum (voter approved) $2,863,613 $1,076,534 $187,327 $97,088 $0 ($97,088) Referendum (board created) $0 $307,303 $1,113,422 $1,096,152 $1,119,902 $23,750 Location Equity Revenue $0 $1,425,652 $2,799,939 $2,788,982 $2,828,041 $39,059 Equity $844,362 $872,532 $1,026,545 $950,532 $1,041,069 $90,537 Subtotal $3,707,975 $3,682,021 $5,127,233 $4,932,754 $4,989,012 $56,258 Student Achievement $0 $182,203 $170,784 $163,685 $78,762 ($84,923) Q - Comp $621,970 $585,442 $605,288 $624,826 $602,621 ($22,205) Operating Capital $1,074,646 $815,239 $812,200 $842,774 $589,159 ($253,615) Long Term Facilities Maintenance $1,210,647 $1,824,567 $613,920 Deferred Maintenance $429,136 $417,007 $432,433 ($785) $11,839 $12,624 Capital Facilities ($129,399) ($129,562) ($132,748) ($139,522) ($138,728) $794 Re-Employment Insurance $33,929 $28,622 $17,343 $14,356 ($12,058) ($26,414) Health and Safety $381,794 $446,320 $668,143 ($63,488) ($90,825) ($27,337) Building Lease Levy $548,367 $488,537 $691,059 $839,836 $801,361 ($38,475) Safe Schools $214,568 $235,815 $243,310 $256,079 $272,433 $16,354 Technical Education $244,677 $285,761 $244,585 $233,789 $238,521 $4,732 Other $24,453 $91,882 $91,119 $91,731 $91,215 ($516) Adjustments for Prior Years $18,791 $5,100 $13,507 $45,158 ($17,177) ($62,335) Total General Fund $7,170,907 $7,134,387 $8,984,256 $9,051,840 $9,240,702 $188,862 Community Service Fund Basic Community Ed $305,928 $305,928 $305,928 $310,346 $310,346 $0 Early Childhood Family Ed $211,771 $211,752 $192,657 $185,133 $184,307 ($826) School - Age Child Care $55,047 $55,859 $60,479 $62,198 $63,359 $1,161 Other $13,272 $13,103 $13,014 $12,605 $16,779 $4,174 Adjustments for Prior Years $1,737 ($382) $841 $1,897 $1,554 ($343) Total Community Service $587,755 $586,260 $572,919 $572,179 $576,345 $4,166 Debt Service Fund Voter Approved Debt Service $6,550,822 $6,516,416 $6,625,185 $6,632,264 $6,592,566 ($39,698) Other Debt Service $663,049 $181,703 $185,671 $179,819 $178,840 ($979) OPEB Debt Service $2,060,021 $2,667,598 $2,594,994 $2,612,477 $2,653,575 $41,098 Reduction for Debt Service Excess ($347,850) ($474,698) ($391,828) ($324,588) ($307,922) $16,666 Total Debt Service Fund $8,926,042 $8,891,019 $9,014,022 $9,099,972 $9,117,059 $17,087 Total Tax Levy $16,684,704 $16,611,666 $18,571,197 $18,723,991 $18,934,106 $210,115

11 OPERATING CAPITAL Fiscal Year School Year Calendar Year Taxes Payable Operating Capital Local Levy $1,263,707 $1,360,938 $1,347,229 $1,263,378 $1,153,268 $1,074,646 $815,239 $812,200 $842,774 $638,559 Operating Capital State Aid $398,118 $320,311 $246,033 $331,317 $385,234 $464,389 $737,423 $723,026 $772,786 $978,192 Total Op Capital Levy & Aid Rev. $1,661,826 $1,681,249 $1,593,262 $1,594,695 $1,538,502 $1,539,036 $1,552,661 $1,535,227 $1,615,560 $1,616,751 Percentage Local Levy 76% 81% 85% 79% 75% 70% 53% 53% 52% 39% Percentage State Aid 24% 19% 15% 21% 25% 30% 47% 47% 48% 61%

12 FINAL FINAL FINAL FINAL Proposed Fund Change General Fund Referendum (voter approved) $2,863,613 $1,076,534 $187,327 $97,088 $0 ($97,088) Referendum (board created) $0 $307,303 $1,113,422 $1,096,152 $1,119,902 $23,750 Location Equity Revenue $0 $1,425,652 $2,799,939 $2,788,982 $2,828,041 $39,059 Equity $844,362 $872,532 $1,026,545 $950,532 $1,041,069 $90,537 Subtotal $3,707,975 $3,682,021 $5,127,233 $4,932,754 $4,989,012 $56,258 Student Achievement $0 $182,203 $170,784 $163,685 $78,762 ($84,923) Q - Comp $621,970 $585,442 $605,288 $624,826 $602,621 ($22,205) Operating Capital $1,074,646 $815,239 $812,200 $842,774 $589,159 ($253,615) Long Term Facilities Maintenance $1,210,647 $1,824,567 $613,920 Deferred Maintenance $429,136 $417,007 $432,433 ($785) $11,839 $12,624 Capital Facilities ($129,399) ($129,562) ($132,748) ($139,522) ($138,728) $794 Re-Employment Insurance $33,929 $28,622 $17,343 $14,356 ($12,058) ($26,414) Health and Safety $381,794 $446,320 $668,143 ($63,488) ($90,825) ($27,337) Building Lease Levy $548,367 $488,537 $691,059 $839,836 $801,361 ($38,475) Safe Schools $214,568 $235,815 $243,310 $256,079 $272,433 $16,354 Technical Education $244,677 $285,761 $244,585 $233,789 $238,521 $4,732 Other $24,453 $91,882 $91,119 $91,731 $91,215 ($516) Adjustments for Prior Years $18,791 $5,100 $13,507 $45,158 ($17,177) ($62,335) Total General Fund $7,170,907 $7,134,387 $8,984,256 $9,051,840 $9,240,702 $188,862 Community Service Fund Basic Community Ed $305,928 $305,928 $305,928 $310,346 $310,346 $0 Early Childhood Family Ed $211,771 $211,752 $192,657 $185,133 $184,307 ($826) School - Age Child Care $55,047 $55,859 $60,479 $62,198 $63,359 $1,161 Other $13,272 $13,103 $13,014 $12,605 $16,779 $4,174 Adjustments for Prior Years $1,737 ($382) $841 $1,897 $1,554 ($343) Total Community Service $587,755 $586,260 $572,919 $572,179 $576,345 $4,166 Debt Service Fund Voter Approved Debt Service $6,550,822 $6,516,416 $6,625,185 $6,632,264 $6,592,566 ($39,698) Other Debt Service $663,049 $181,703 $185,671 $179,819 $178,840 ($979) OPEB Debt Service $2,060,021 $2,667,598 $2,594,994 $2,612,477 $2,653,575 $41,098 Reduction for Debt Service Excess ($347,850) ($474,698) ($391,828) ($324,588) ($307,922) $16,666 Total Debt Service Fund $8,926,042 $8,891,019 $9,014,022 $9,099,972 $9,117,059 $17,087 Total Tax Levy $16,684,704 $16,611,666 $18,571,197 $18,723,991 $18,934,106 $210,115

13 Pay 2014 Pay 2015 Pay 2016 Pay 2017 Area Education Center $ 347,897 $300,273 $297,573 $299,873 Warehouse $ 32,931 $ 00 $ 00 $ 00 Ice Arena $ 57,000 $ 72,675 $ 74,575 $ 77,425 Franklin Building $ 37,380 $ 37,380 $ 37,380 $ 37,380 Ski Gull $ 5,225 $ 5,225 $ 6,650 $ 5,700 Northland Arboretum $ 7,500 $ 8,500 $ 9,000 $ 9,000 BHS Outdoor Activities Site $ 00 $266,022 $266,022 $266,022 Riverside Elementary Addition $ 00 $ 00 $150,150 $150,150 Adjustments for Prior Years $ 604 $ 984 $ - 1,514 $ -44,189 Total $ 488,537 $691,059 $839,836 $801,361 Collected in 2014 Paid in FY 2015 Area Education Center $347,897 $297,814 $ -50,083 Ice Arena $ 57,000 $ 71,250 $ 14,250 Northland Arboretum $ 7,500 $ 8,500 $ 1,000 Collected in 2014 Paid in FY 2014 Warehouse $ 32,931 $ 23,575 $ - 9,356 Total Adjustments for Pay 2017 $ -44,189

14 FINAL FINAL FINAL FINAL Proposed Fund Change General Fund Referendum (voter approved) $2,863,613 $1,076,534 $187,327 $97,088 $0 ($97,088) Referendum (board created) $0 $307,303 $1,113,422 $1,096,152 $1,119,902 $23,750 Location Equity Revenue $0 $1,425,652 $2,799,939 $2,788,982 $2,828,041 $39,059 Equity $844,362 $872,532 $1,026,545 $950,532 $1,041,069 $90,537 Subtotal $3,707,975 $3,682,021 $5,127,233 $4,932,754 $4,989,012 $56,258 Student Achievement $0 $182,203 $170,784 $163,685 $78,762 ($84,923) Q - Comp $621,970 $585,442 $605,288 $624,826 $602,621 ($22,205) Operating Capital $1,074,646 $815,239 $812,200 $842,774 $589,159 ($253,615) Long Term Facilities Maintenance $1,210,647 $1,824,567 $613,920 Deferred Maintenance $429,136 $417,007 $432,433 ($785) $11,839 $12,624 Capital Facilities ($129,399) ($129,562) ($132,748) ($139,522) ($138,728) $794 Re-Employment Insurance $33,929 $28,622 $17,343 $14,356 ($12,058) ($26,414) Health and Safety $381,794 $446,320 $668,143 ($63,488) ($90,825) ($27,337) Building Lease Levy $548,367 $488,537 $691,059 $839,836 $801,361 ($38,475) Safe Schools $214,568 $235,815 $243,310 $256,079 $272,433 $16,354 Technical Education $244,677 $285,761 $244,585 $233,789 $238,521 $4,732 Other $24,453 $91,882 $91,119 $91,731 $91,215 ($516) Adjustments for Prior Years $18,791 $5,100 $13,507 $45,158 ($17,177) ($62,335) Total General Fund $7,170,907 $7,134,387 $8,984,256 $9,051,840 $9,240,702 $188,862 Community Service Fund Basic Community Ed $305,928 $305,928 $305,928 $310,346 $310,346 $0 Early Childhood Family Ed $211,771 $211,752 $192,657 $185,133 $184,307 ($826) School - Age Child Care $55,047 $55,859 $60,479 $62,198 $63,359 $1,161 Other $13,272 $13,103 $13,014 $12,605 $16,779 $4,174 Adjustments for Prior Years $1,737 ($382) $841 $1,897 $1,554 ($343) Total Community Service $587,755 $586,260 $572,919 $572,179 $576,345 $4,166 Debt Service Fund Voter Approved Debt Service $6,550,822 $6,516,416 $6,625,185 $6,632,264 $6,592,566 ($39,698) Other Debt Service $663,049 $181,703 $185,671 $179,819 $178,840 ($979) OPEB Debt Service $2,060,021 $2,667,598 $2,594,994 $2,612,477 $2,653,575 $41,098 Reduction for Debt Service Excess ($347,850) ($474,698) ($391,828) ($324,588) ($307,922) $16,666 Total Debt Service Fund $8,926,042 $8,891,019 $9,014,022 $9,099,972 $9,117,059 $17,087 Total Tax Levy $16,684,704 $16,611,666 $18,571,197 $18,723,991 $18,934,106 $210,115

15 Lowell Air Quality Project

16 Total School Property Tax Levy ( ) Million $$

17 Tax Base Stated as Net Tax Capacity (in millions $$) Million $$

18 School Taxes Per $150,000 of Residential Value

19 Administrative Recommendation Approve the creation of $10.36 of operating levy authority with a 2 year expiration (by resolution). This is not new revenue, it only replaces the remaining amount of voter approved that expired. Approve the proposed 2017 property tax at the MAXIMUM

20 Questions???

Taxation Hearing Eastern Carver County Schools December 12, 2013

Taxation Hearing Eastern Carver County Schools December 12, 2013 Requirement for Tax Hearing Held during regular meeting at 6:00 p.m. or later All school districts must hold a meeting Levy may be adopted