BROOKLYN CENTER SCHOOL DISTRICT PUBLIC HEARING FOR TAXES PAYABLE December 14, 2015 Presented by: Sara Bratsch Finance Director

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1 BROOKLYN CENTER SCHOOL DISTRICT PUBLIC HEARING FOR TAXES PAYABLE 2016 December 14, 2015 Presented by: Sara Bratsch Finance Director

2 AGENDA FOR HEARING Public Comments Budget amendment Proposed Tax Levy for Taxes Payable in 2016 Board Member Questions Budget Amendment Approval Levy Approval

3 REVENUES AND EXPENDITURES CHANGES FROM FY16 PRELIMINARY BUDGET All Funds Changes from Preliminary FY16 Budget Original Budget - Revenue Amended Budget - Revenue Revenue Change Original Budget - Expenditures Amended Budgeted Expenditures Expenditure Change General Fund 30,144,885 31,091, ,470 29,744,885 30,691, ,470 Food Service 1,265,305 1,265, ,265,305 1,265,305 0 Community Svcs 1,718,387 1,792,391 74,004 1,718,386 1,792,391 74,005 Debt Service 2,333,454 2,333, ,364,528 2,364,528 0 Trust Fund 1,000 1, ,000 5,000 0 OPEB Trust Fund 40,000 40, , ,577 0 OPEB Debt Service Fund 356, , , ,650 0 Internal Service Fund 3,286,754 3,282,400-4,354 2,137,983 2,469, ,668 Total All Funds 39,146,772 40,162,892 1,016,120 37,711,314 39,063,457 1,352,143

4 BROOKLYN CENTER SCHOOL DISTRICT BUDGET AMENDMENT CHANGES IN REVENUE Additional increase in basic formula Increase in Compensatory Aid Additional state aid such as funding for Indian Ed and Community Schools Grant Additional funding for School Readiness

5 BUDGET AMENDMENT EXPENDITURE ASSUMPTIONS & RISKS Transportation Agreement settled Transportation bus leases Unsettled contracts Set-aside for strategic plan priorities

6 REVENUE ALL FUNDS Revenue Budget - All Funds General Fund 77.41% Food Service 3.15% Community Service 4.46% Internal Service Fund 8.17% OPEB Debt Service 0.89% OPEB Trust Fund 0.10% Debt Service 5.81%

7 GENERAL FUND REVENUE BY SOURCE General Fund Revenue Detail Basic Formula 53.68% Compensatory Aid 14.14% ELL/LEP 1.00% Other 4.24% Property taxes 6.33% Special Education 6.17% Other State Aid 11.17% Federal 3.26%

8 GENERAL FUND EXPENDITURES BY PROGRAM General Fund - Expenditures by Program Regular Education 44.87% Support Services 7.45% Vocational Education 1.13% Special Education 12.95% Instructional Support 7.28% Pupil Support 11.43% Administrative 4.07% Sites & Buildings 9.04% Fiscal & Other Fixed Costs 0.55% Debt Service - Principal 0.29%

9 GENERAL FUND EXPENDITURES BY OBJECT General Fund - Expenditures by Object Salaries and Wages 53.9% Employee Benefits 18.5% Purchased Services 21.4% Other Expenditures 0.7% Supplies and Materials 2.4% Equipment 2.2%

10 PROPOSED 2015 PROPERTY TAX LEVY Levy Timeline Comparison 2015 to 2014 levy Specific reasons in changes in tax levy Impact on taxpayers

11 PROPOSED 2015 PROPERTY TAX LEVY Schedule of events in approval of district s 2015 Pay 2016 tax levy : September 14: School board approved proposed levy amount at maximum Mid-November: County mailed Proposed Property Tax Statements to all property owners December 14: Public hearing on proposed levy at regular meeting Following hearing school board will certify final levy amounts

12 PROPOSED 2015 PROPERTY TAX LEVY Changing School District Property taxes in Brooklyn Center from :

13 PROPOSED 2015 PROPERTY TAX LEVY 2014 Median 2015 Median Percent Increase Median Home Home Value Home Value Value 2015 Total Tax Proposed 2016 Total Tax Percent Increase Total Tax 131, , % 2,520 2, % Percent of tax attributed to Brooklyn Center School District 6.6% Percent of tax attributed to Home Value Increase 4.5%

14 PROPOSED 2015 PROPERTY TAX LEVY Changing School District Property taxes in Brooklyn Center from

15 PROPERTY TAX COMPARISON TO OTHER SCHOOL DISTRICTS $142,100 HOME

16 PROPOSED 2015 PAY 201 TAX LEVY CATEGORY FINAL PAY 15 FINAL PAY 16 INC/DEC $ INC/DEC % Referendum Board Approved + Location Optional Long Term Facilities Revenue Other General Fund Revenue 205, , , , , ,273 Total General Fund 1,967,343 2,292, , % Community Services 144, ,752 +3, % Debt Services 2,098,892 2,076,800-22,092 Other Post Employment Benefits Debt Service 356, ,073-6,914 Total Debt Service 2,455,879 2,426,873-29, % Total Levy 4,567,986 4,868, , %

17 EXPLANATION OF LEVY CHANGES Category: General Fund Change: +325,423 Reason for increase: Overall increased in student enrollment Added levy for Other Post Employment Benefits New Long Term Facilities Revenue

18 EXPLANATION OF LEVY CHANGES Category: Community Service Change: +3,988 Reason for increase: Small increase in enrollment

19 EXPLANATION OF LEVY CHANGES Category: Debt Service Change: -29,006 Reason for decrease: Prior year adjustments resulting from previous year over-levy

20 EXPLANATION OF LEVY CHANGES 700,000,000 Brooklyn Center Property Valuation Data 600,000, ,000, ,000, ,000, ,000, ,000,000 - Market Value Referendum Market Value

21 PROPOSED 2015 PROPERTY TAX LEVY Board Member Questions Board Vote on Budget Amendment Board Vote on Final levy certification