INDEPENDENT SCHOOL DISTRICT No. 318 TRUTH IN TAXATION MEETING TAXES PAYABLE YEAR 2016 BUDGET YEAR 2015-2016

PROPOSED LEVY $ 10,384,643.85 Last Year = $10,284,456.20 Increase of $100,187.65 or .97%

LEVY BY FUND DEBT SERVICE (BLDG BONDS) INITIAL DEBT SERVICE $ 3,047,152.50 REDUCTION DEBT EXCESS - 166,152.79 ABATEMENT ADJUSTMENT -27,947.74 TOTAL $ 2,853,051.97 Levy spread on Net Tax Capacity, Major capital projects Debt schedule ending in 2018

LEVY BY FUND GENERAL FUND Components EQUITY $ 647,913.60 TRANSITION 135,386.94 OPERATING CAPITAL 661,862.52 REEMPLOYMENT 10,000.00 $ 300 REFERENDUM 922,368.24 $ 212 LOCATION EQUITY 1,304,826.00 STUDENT ACHIEVEMENT 131,605.79 SAFE SCHOOLS 161,978.40 CAREER TECH 159,499.20 HEALTH & SAFETY -77,218.03 LONG TERM FACILITIES 402,202.81 BLDG/LAND LEASE 749,035.04 TREE GROWTH 134,070.62 ADJUSTMENTS -205,302.33 TOTAL $5,138,228.80 Components are net prior years adjustments Equity & Transition are spread on RMV the rest are NTC

LEVY BY FUND COMMUNITY SERVICE FUND Components BASIC COMMUNITY EDUCATION $ 207,075.45 EARLY CHILDHOOD FAMILY ED 151,496.24 SCHOOL AGE CARE 10,000.00 TACONITE LEVY REPLACEMENT -368,571.69 TOTAL $ 0.00

LEVY BY FUND OPEB DEBT SERVICE – Other Postemployment Benefits $ 2,393,363.08 Scheduled payments through 2025

RECAP LEVY BY FUND DEBT SERVICE $2,853,051.97 GENERAL – RMV 3,117,997.29 GENERAL – NTC 2,020,231.51 COMMUNITY SERVICE 0.00 OPEB DEBT SERVICE 2,393,363.08 TOTAL LEVY $10,384,643.85

Debt service schedule ending 2018, OPEB schedule ending 2025

Budget Information Because approval of the budget lags certification of the tax levy by six months, the state requires only current year budget information be presented at this hearing.

District and Board Goals District Strategic Aims 2015-16 Board Goals Highest Student Achievement Effective and Efficient Systems Partnership Safe Environment Continue to work on developing a plan to address facility plans. Continue to strive to provide 21st Century Learning opportunities for all students of ISD 318. To define and explore collaboration opportunities. To identify needs in the area of mental health services for students and develop a plan to support additional student mental health needs.

Next Steps Tonight – The public is invited and allowed to speak and to ask questions concerning the budget and proposed property taxes. After closing the public hearing tonight, the School Board will consider the information and vote on the final certified tax levy payable in 2016, at their December 21, 2015 meeting.