Dunlap CUSD # Tax levy November 15, 2017

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1 DISTRICT MISSION Dunlap CUSD # Tax levy November 15, 2017

2 DISTRICT MISSION Levy Timeline November Tentative levy discussed and approved Truth in Taxation Hearing called in December, if needed. A Truth in Taxation Hearing is required when the levy request is 105% or more of the previous year s extension. December Truth in Taxation Hearing, if needed, held immediately before the board meeting Board Of Education approves the levy at the meeting Levy must be delivered to the County no later than the last Tuesday in December no exceptions!

3 DISTRICT MISSION Year-Over-Year 6 th Day Enrollment

4 Education Fund Levy Capped with Max Rate Funds instructional and administrative functions of the District. Proposed Tax Rate General Education Fund 2.7% Max Lease Levy.05% Max Special Education.04% Max % change over Last Year 0% Year-Over-Year Fund Balances 29,922, ,237, ,031, ,984, ,367, Months in Reserves 7.71 Mos. (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) 6.00 Mos DISTRICT MISSION

5 Operations and Maintenance Fund Levy Capped with Max Rate Funds cleaning and maintenance of the District s facilities. Year-Over-Year Fund Balances Proposed Tax Rate.4750% Max % change over Last Year 0% 3,250, ,853, ,395, Months in Reserves 3.77 Mos. (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) 6.00 Mos. 1,855, ,248, DISTRICT MISSION

6 Transportation Fund Levy Capped with Max Rate Funds pupil transportation services including extra-curricular events and field trips for the District. Year-Over-Year Balances Fund Proposed Tax Rate.200% Max % change over Last Year 0% 4,437, ,288, ,818, ,504, Months in Reserves Mos. 2,820, (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) Mos DISTRICT MISSION

7 IMRF/FICA Fund No Maximum Tax Rate Funds payments for non-certified staff retirement, Social Security, and Medicare for the District. Year-Over-Year Balances Fund Proposed Tax Rate.2145% % change over Last Year % 2,588, ,752, ,741, Months in Reserves Mos. (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) 6.00 Mos. 714, , DISTRICT MISSION

8 Working Cash Fund Levy Capped with Max Rate Funds unexpected expenses that cannot be covered by other fund sources for the District. Year-Over-Year Balances Fund Proposed Tax Rate.05% Max % change over Last Year 0% 1,190, ,200, Months in Reserves N/A (FY 18 Ending Balance w/o taxes) 644, , , DISTRICT MISSION

9 Tort Fund No Maximum Tax Rate Funds Liability Insurance, safety and security, legal fees, and Worker s Compensation Insurance for the District Year-Over-Year Balances Fund Proposed Tax Rate.1770% % change over Last Year % 1,115, ,405, Months in Reserves 9.36 Mos. (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) Mos. 313, , , DISTRICT MISSION

10 Health Life Safety Fund Levy Capped with Max Rate Funds state approved health and safety projects for the District. Year-Over-Year Fund Balances Proposed Tax Rate.05% Max % change over Last Year 0% Months in Reserves 1.39 Mos. 555, , (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) 6.00 Mos. 191, , , DISTRICT MISSION

11 Debt Services Fund No Maximum Tax Rate Funds the payments of outstanding bonds and interest for the District. Proposed Tax Rate.5859% % change over Last Year % Months in Reserves.08 Mos. 5,750, Year-Over-Year Balances Fund (FY 18 Ending Balance w/o taxes) Months in Reserves Goal (Min.) 0.00 Mos. 2,750, ,747, ,747, ,729, DISTRICT MISSION

12 DISTRICT MISSION Tax Rate by Year

13 DISTRICT MISSION Year-Over-Year Equalized Assessed Value % Increases

14 Levy 2016 Tax Rate 2017 Tax Levy 1.7% EAV Increase 2016 Extension 2017 Tax rate 1.7% EAV Increase + or - New Money Education % $ 24,741, % $ 25,162, $ 420, Operations and Maintenance % $ 4,352, % $ 4,426, $ 73, Transportation % $ 1,832, % $ 1,863, $ 31, Working Cash % $ 458, % $ 465, $ 7, IMRF % $ 904, % $ 904, $ - Social Security % $ 1,095, % $ 1,095, $ - Fire Prevention and Safety % $ 458, % $ 465, $ 7, Tort % $ 1,477, % $ 1,650, $ 172, Special Education % $ 366, % $ 372, $ 6, Leasing % $ 458, % $ 465, $ 7, Bonds % $ 5,838, % $ 5,459, $ (379,239.32) Total Tax Rate % % Change in Tax Rate %

15 Levy 2016 Tax Rate 2017 Tax Levy Ballooned 2016 Extension 2017 Tax rate 2017 Ballooned EAV Increase + or - New Money Education % $ 24,741, % $ 25,980, $ 1,238, Operations and Maintenance % $ 4,352, % $ 4,570, $ 217, Transportation % $ 1,832, % $ 1,919, $ 87, Working Cash % $ 458, % $ 481, $ 22, IMRF % $ 904, % $ 904, $ (0.13) Social Security % $ 1,095, % $ 1,095, $ (89.96) Fire Prevention and Safety % $ 458, % $ 479, $ 21, Tort % $ 1,477, % $ 1,650, $ 172, Special Education % $ 366, % $ 384, $ 18, Leasing % $ 458, % $ 481, $ 22, Bonds % $ 5,838, % $ 5,459, $ (379,239.32) Change in Tax Rate Total Tax Rate % % %

16 DISTRICT MISSION New Revenues Fund Taxes Fees Other Total Education 434, , , , Building 73, , Transportation 31, , Tort 172, ,182.38

17 New Costs For Existing Programs Fund Costs for Existing programs New Program Costs Total Education Fund New Costs Education 582, , , Operations and Maintenance 61, , Existing Salary and Benefits $551, :1 Year 2 Rollout $ 7, AP Computer Science $ 23, Technology Programs and systems $ 23, Total $606, Transportation 23, , Tort 1, , DISTRICT MISSION

18 New Programs/Staff Not Included Alternative Education Aide $15, IEP Software $ 2, Elementary Library Aides $41, Other programs may be added as we move through the budget process. DISTRICT MISSION

19 DISTRICT MISSION Surplus/Deficit Fund Expenses Revenue Surplus/Deficit Education 606, , Operations and Maintenance 61, , , Transportation 23, , , Tort 1, , ,933.02

20 DISTRICT MISSION Dunlap CUSD # Levy Questions???