ANNUAL TAX LEVY PACKET

ANNUAL TAX LEVY PACKET OF THE OREGON PARK DISTRICT FOR THE 2012 TAX YEAR We Create Fun for a Lifetime

OREGON PARK DISTRICT ANNUAL TAX LEVY PACKET FOR THE 2012 TAX YEAR CONTENTS 2012 Tax Year District Statement Section 1 2012 Proposed Tax Levy Calculation Section 2 2012 Tax Effect on Homeowner Section 3 2012 Annual Tax Levy Ordinance Section 4 Representational Tax Graphs Section 5 MISSION STATEMENT To provide quality service through programs, parks and facilities to fulfill the needs of the community in a fun, safe and friendly environment.

The tax generated by the Oregon Park District is a calculation of the property tax levy, the property tax rate, and the equalized assessed value (EAV). EAV multiplied by Tax Rate = Property Tax Revenue I. The EAV of the Oregon Park District changes on an annual basis. The EAV is determined by the Ogle County Assessment Office for all the taxable property within the Oregon Park District boundaries. II. The Oregon Park District determines a property tax levy for each calendar tax year. The estimated levy compared to the EAV determines the rate at which the property owner within the Oregon Park District will be taxed. III. The desired levy of the Oregon Park District multiplied by the current EAV determines the Property Tax Revenue that will be received from the collection of taxes within the Oregon Park District boundaries. The primary source of the District's tax base is the Exelon Generation Station. The 2011 tax year represented the final year of the previous real property tax assessment agreement. The OCIA (Ogle County Intergovernmental Association), which includes the District, is currently meeting to discuss the possibility of a future agreement with Exelon. The budget and levy assumptions for the 2012 tax year will be directly impacted by future negotiations, the board of review, PTAB, and possible court decisions. While the expected Equalized Assessed Value of the District is approximately 631 Million (early estimation established by the Assessment Office), the District will levy its Corporate and Recreation funds at a higher rate to capture any additional real estate revenue in the event that the EAV increases between the filing of the annual tax levy and final established EAV. The District s primary 2013 14 capital project will be a Renovation to the Nash Recreation Center. The Oregon Park District was awarded a 1.5 Million Dollar Park and Recreational Facility Construction Grant (PARC Grant). The Park District was one of 22 recipients out of 265 grant seekers. The Illinois Department of Natural Resources will administer the 50 Million Dollar grant program. The Park District is working with the Farnsworth Group to develop the renovation plans for the Nash Recreation Center. The improvement will help make Nash a sustainable recreation center for the future and include many green energy improvements. Major improvements include the implementation of a new roofing system, roof top solar

installation, upgrades to the pool area and building HVAC systems. Construction will begin in late spring of 2013! The Oregon Park District will complete the Truth in Taxation proceedings for the 2012 Tax Levy. Illinois Law requires local municipalities to publish a Truth in Taxation notice, as well as hold a public hearing, if the municipality considers levying property taxes greater than 5% of the preceding tax year s extension. The District estimates the 2012 tax year extension to be 9.64% more than the preceding year s extension. The calculation to determine the Truth in Taxation rate does not include the Debt Service Levy (General Obligation Bonds). The Districts overall tax receipts will increase by approximately 7.23%. While the District will collect more tax revenue than the preceding year, the taxes paid by individual homeowners will not increase at that rate. The Park District estimates that the typical Oregon Homeowner will actually see a tax decrease of 4.3%. See section 3 for more information on the tax effect of homeowners. OREGON PARK DISTRICT FUNDS CORPORATE FUND RECREATION FUND AUDIT FUND LIABILITY FUND IMRF FUND SCHOLARSHIP FUND WORKING CASH FUND SOCIAL SECURITY FUND POLICE FUND PAVING & LIGHTING FUND BOND & INTEREST FUND PARK IMPROVEMENT FUND Taxes levied annually for the District s corporate purposes, such as administrative operations and park/building repairs and improvements. Taxes levied annually for the purpose of planning, establishing and maintaining recreational programming. Taxes levied annually for the payment of the Districts annual audit. Taxes levied annually for the payment of liability insurance and risk management. Taxes levied annually for expenses related to pension liabilities for personnel. Established to assist underprivileged youth participate in District programs. Fund does not consist of any tax revenue. Established to help the District meet its ordinary and necessary expenditures for corporate purposes. Working Cash Fund will be abolished effective 2013 14. Taxes levied annually for expenses related to employee liability expenses for Social Security and Medicare. Taxes levied annually to help support a safe parks system. Taxes levied annually for expenses related to maintaining lighting and pavement of District parks, roadways and facilities. Taxes levied annually for the payment of the Districts General Obligation Bonds. Established to assist the District in repairing and improving District properties. Revenue consists of General Obligation Bond receipts, grants and other dedicated funds.

OREGON PARK DISTRICT 2012 Proposed Tax Levy Calculation Truth In Taxation Calculation and Homeowners Effect 2011 Anticipated EAV 2011 Anticipated Levy Amount 2011 Anticipated Levy Rate 2012 Estimated EAV 2012 Estimated Levy Amt 2012 Estimated Levy Rate % Change Fund Levies Corporate 618,164,304 599,120 0.0009692 630,979,502 635,000 0.0010000 5.99% Recreation 618,164,304 449,340 0.0007269 630,979,502 475,000 0.0007500 5.71% Audit 618,164,304 21,329 0.0000345 630,979,502 25,000 0.0000396 17.21% Liability 618,164,304 179,317 0.0002901 630,979,502 205,000 0.0003249 14.32% IMRF 618,164,304 111,496 0.0001804 630,979,502 134,000 0.0002124 20.18% Working Cash 618,164,304 0.0000000 630,979,502 0.0000000 Social Security 618,164,304 101,791 0.0001647 630,979,502 108,000 0.0001712 6.10% Paving and Lighting 618,164,304 29,956 0.0000485 630,979,502 32,000 0.0000500 6.82% Museum 618,164,304 0.0000000 630,979,502 0.0000000 0.00% Police 618,164,304 29,956 0.0000485 630,979,502 55,000 0.0000872 83.60% Handicap 618,164,304 0.0000000 630,979,502 0.0000000 0.00% Total Tax Levy Truth in Taxation 1,522,305 0.0024626 1,669,000 0.0026352 9.64% Debt Service Levies Bond and Interest 618,164,304 904,252 0.0014628 630,979,502 932,900 0.0014785 3.17% Total District Levy - 2,426,557 0.0039254-2,601,900 0.0041137 7.23%

The Oregon Park District annually files its tax levy ordinance by the last Tuesday in December. The Ogle County Clerk then processes the District s tax rate along with all other taxing bodies within the homeowner s district. The Assessor s office totals the Equalized Assessed Value (EAV) for each District. The County Clerk then calculates the tax rates and passes the billing along to the Treasurer s Office. Budget/Levy Cycle Ogle County.73427 Oregon Fire Dist..27706 Community College.45042 School District 4.77194 Library District.24654 Park District.39144 Road District.38710 Township District.16249 City of Oregon 1.03151 This is a typical Oregon Park District homeowner s tax bill for the 2011 tax year. Each taxing districts rate will be broken down for the homeowner. The total rate multiplied by homeowners EAV will determine their annual real estate taxes due. The assessor s office determines an individual property EAV. A property s EAV is approximately 1/3 of its respective fair market value. TOTAL RATE 8.45277 EAV X Total Tax Rate = Property Tax Due $111,326 = Median Oregon Home price in Districts 2007 Master Plan $37,109 = Taxation EAV of approximately 1/3 Fair Market Value $6,000 = Less Homestead Exemption (maximum) $31,109 = TAXABLE EAV Typical Homeowners Tax Liability to Park District Typical Oregon Household Tax Year Home EAV Rate Taxes Due 2007 31,109 0.0053689 $167.02 2008 31,109 0.0041897 $130.34 2009 31,109 0.0039458 $122.75 2010* 30,362 0.0039064 $118.61 2011* 29,385 0.0040502 $119.01 2012* 27,683 0.0041137 $113.88 Change $5.13 * Negative Multiplier > 2010 =.9760 / 2011 =.9678 / 2012 =.9421 (County Assessment Office)

The 2012 proposed tax levy calculation estimates a decrease in the typical Oregon homeowner taxes payable to the Oregon Park District. A tax decrease of $5.13 is expected for an owner of a median home (fair market value of $111,326). The District makes every effort to provide the best services possible, with the least amount of impact to the local taxpayers. While the District makes every attempt to balance its tax rate on an annual basis, slight fluctuations will occur. While the Park Districts overall tax rate is estimated to increase by 0.0000635 (per $100 of Equalized Assessed Value), the typical Oregon homeowner is expected to realize a reduction in taxes payable to the Park District. Distribution of a typical Oregon Homeowners Tax Liability for the 2011 tax year 4.58% 4.63% 2.92% 2% 12.20% 8.69% 3.28% 5.33% Ogle County Oregon Fire Dist Community College School District Library District Park District Road District 56.45% Township District City of Oregon 5% Park District All Other Tax Bodies 95%

The Oregon Park District s tax rate represents only 4.6% of the typical Oregon homeowner s tax liability for 2011 tax year. The Table below breaks down the real estate tax liability of a typical Oregon Homeowner. The Oregon Park District has done its best to help provide our residents with the best programming and facilities through the economic downturn. As seen below, the District s tax rate has remained stable, while many District s has been forced to increase their rates. The Park District s tax representation has decreased from 5.2% of the total tax rate to 4.6% over the last three tax years. 2008 2009 2010 2011 Ogle County 0.72660 0.73264 0.73427 0.72528 Oregon Township 0.50679 0.52484 0.54959 0.57685 Oregon Fire District 0.25126 0.26349 0.27706 0.29807 City of Oregon 0.87941 1.00205 1.03151 1.13205 Oregon Library District 0.23319 0.24193 0.24654 0.25058 Oregon School District #220 4.63833 4.76154 4.77194 4.96377 Community College District #511 0.45723 0.45723 0.45042 0.45320 Oregon Park District 0.41897 0.39458 0.39144 0.40499 TOTAL TAX RATE 8.11178 8.37830 8.45277 8.80479 Tax Rate Per $100 of Equalized Assessed Valuation Visit www.oregonpark.org for more information!

ORDINANCE 12-12-11 ANNUAL LEVY ORDINANCE STATE OF ILLINOIS, PARK DISTRICT OF OREGON, COUNTY OF OGLE, BE IT ORDAINED In pursuance of authority vested in them by the Park District Code, Article Five, the Commissioners of the Park Board in meeting assembled, do hereby find and declare that there will be required to be raised by general taxation, the amounts hereinafter set down, to be levied upon all the taxable property in said Park District, in order to meet and defray all the necessary expenses and liability of the Park District as required by statute or voted by people in accordance with law, and the amounts so required are itemized as needed for uses and purposes as follows, to wit: I. CORPORATE FUND 2012 Administration 1) Salaries 179,000.00 2) Other Payroll 45,000.00 3) Insurance 64,000.00 4) Maintenance-Equipment 4,000.00 5) Telephone 2,400.00 6) Postage 1,600.00 7) Printing-Publishing 5,000.00 8) Legal Fees 16,000.00 9) Other Professional Services 12,000.00 10) Training 4,000.00 11) Dues-Subscriptions 3,500.00 12) Office Supplies 3,000.00 13) Utilities 18,500.00 14) Building Improvement/Repairs 12,000.00 370,000.00 Parks 1) Salaries 132,500.00 2) Other Payroll 42,000.00 3) Maintenance 41,000.00 4) Training 3,000.00 5) Utilities 24,500.00 6) Maintenance Supplies 22,000.00 265,000.00 TOTAL FOR CORPORATE FUND 635,000.00 Said amounts are hereby levied as the Corporate Fund Tax

II. RECREATION FUND Building 1) Salaries 154,200.00 2) Other Payroll 28,500.00 3) Maintenance Building 8,500.00 4) Telephone/Utilities 2,200.00 5) Other Professional Services 13,500.00 6) Training 4,000.00 7) Maintenance Supplies 19,000.00 229,900.00 Programs 1) Salaries 161,250.00 2) Other Payroll/Contractors 53,250.00 3) Postage 1,600.00 4) Printing & Publication 5,000.00 5) Other Professional Services 7,000.00 6) Training 3,000.00 7) Dues & Subscriptions 2,000.00 8) Recreation Supplies 10,000.00 9) Office Supplies 2,000.00 245,100.00 TOTAL FOR RECREATION FUND 475,000.00 Said amounts are hereby levied as the Recreation Fund Tax III. AUDIT FUND 1) Audit 25,000.00 TOTAL FOR AUDIT FUND 25,000.00 Said amounts are hereby levied as the Audit Fund Tax IV. LIABILITY INSURANCE FUND 1) Property 49,000.00 2) General Liability 14,000.00 4) Automobile 14,250.00 5) Compensation 28,500.00 6) Unemployment 21,000.00 8) Risk Management Salaries 78,250.00 TOTAL FOR LIABILITY INSURANCE 205,000.00 Said amounts are hereby levied as the Liability Insurance Fund Tax

V. RETIREMENT FUND 1) IMRF 134,000.00 TOTAL FOR RETIREMENT FUND 134,000.00 Said amounts are hereby levied as the Retirement Fund Tax VI. SOCIAL SECURITY FUND 1) Social Security 108,000.00 TOTAL FOR SOCIAL SECURITY FUND 108,000.00 Said amounts are hereby levied as Social Security Fund Tax VII. POLICE FUND 1) Police System 55,000.00 TOTAL FOR POLICE FUND 55,000.00 Said amounts are hereby levied as Police System Tax VII. PAVING AND LIGHTING 1) Paving and Lighting Fund 32,000.00 TOTAL FOR PAVING AND LIGHTING FUND 32,000.00 Said amounts are hereby levied as the Paving and Lighting Fund Tax SUMMARY OF TOTAL TAXES TO BE LEVIED FOR CORPORATE 635,000.00 RECREATION 475,000.00 AUDIT 25,000.00 LIABILITY INSURANCE 205,000.00 RETIREMENT 134,000.00 SOCIAL SECURITY 108,000.00 POLICE 55,000.00 PAVING AND LIGHTING 32,000.00 1,669,000.00 Making the aggregate sum of One Million, Six Hundred Sixty Nine Thousand Dollars to be raised by taxation and levied on all the taxable property in said Park District for 2012 tax year, in order to meet and defray all the necessary

EQUALIZED ASSESSED VALUE OF THE OREGON PARK DISTRICT $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2011 2012* TAX YEAR * Estimated EAV SECTION 5

Tax Extension by Year $2,500,000.00 $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 $0.00 Tax Year * Anticipated Collection

Taxy Levy Rate by Year 0.60 0.50 0.40 0.30 0.20 0.10 0.00 Bond Levy Total Levy