Park Hill School District August 11, Tax Rate

Impact: Tax Bill on a $200,000 Home SCHOOL DISTRICT2010 TAX LEVYTAX BILLDIFF Hickman Mills C-1 $ $ 2,383 Raytown C-2 $ $ 2,364 $ (20) Liberty 53 $ $ 2,316 $ (67) Lee's Summit R-VII $ $ 2,270 $ (114) North Kansas City 74 $ $ 2,238 $ (145) Center 58 $ $ 2,210 $ (174) Grandview C-4 $ $ 2,202 $ (182) Blue Springs R-IV $ $ 2,177 $ (206) Independence 30 $ $ 2,063 $ (320) Park Hill School District $ $ 2,057 $ (326) Fort Osage R-I $ $ 2,045 $ (338) Platte Co. R-III $ $ 1,721 $ (662)

Park Hill School District Tax Levy Fund Levy Fund 1 – Operational/Incidental$ Fund 2 – Special Revenue/Teachers$ Fund 4 – Capital Projects$ Operational Levy$4.0826* Fund 3 – Debt Service$ TOTAL LEVY$ *Operational Levy of $ was set to Tax Ceiling

Operational Tax Levy Terminology Tax LevyAuthority Amount Amount Maximum Authorized Levy Based on last voter approved levy rate Does not change until new election Local Voters $ Tax Rate Ceiling Adjusted annually by State Auditor due to application of Hancock Amendment, Senate Bill 711 and/or voluntary rollbacks State Auditor $4.8026$ Actual Levy Adjusted annually by local Board of Education Local Board or Education $ Debt Service Levy Annually set by local Board of Education to pay back debt Local Board of Education $ Voluntary Rollback

Assessed Valuation Change Property Change% Real Estate $ 1,161,532,746 $ 1,142,636,144 $ (18,896,602)-1.6% Residential $ 782,862,774 $ 780,860,902 $ (2,001,872)-0.3% Agriculture $ 1,061,814 $ 1,081,562 $ 19,7481.9% Commercial $ 377,072,319 $ 360,049,387 $ (17,022,932)-4.5% Railroad & Utility $ 535,839 $ 644,293 $ 108, % Personal Property $ 290,477,463 $ 297,801,671 $ 7,324,2082.5% Personal $ 289,953,913 $ 297,167,092 $ 7,213,1792.5% Railroad & Utility $ 523,550 $ 634,579 $ 111, % TOTAL $ 1,452,010,209 $ 1,440,437,815* $ (11,572,394)-0.8%** * Includes $11,882,862 in new construction ** First drop in total assessed valuation for Park Hill School District since 1994

Reassessment of Real Property Changes in Personal Property New Growth $1,452,010, $1,452,010, Reassessment of Existing Property ($30,779,464)* Changes in Personal Property $7,324,208 New Growth$11,882,862 1,440,437,815 *causes an increase in the tax ceiling to offset effects of reassessment Assessed Valuation Change

FY2012 Budget FY2012 budget was created anticipating a no increase in the tax levy $ = Operational $ = Debt Service After final assessed valuation figures from the county, the tax rate ceiling moved up from $ to $ (+$0.1079)

$65.9 $65.3 $66.7 Approved FY2012 Budget FY2012 Operational Revenue (in millions) Scenario 1 $ Voluntary Rollback No Tax Rollup Scenario 2 $ Voluntary Rollback Tax Rollup $ Operational Revenue Impact of Assessed Valuation Decrease Preliminary Calculation Current Levy = $ $66.1 FY2011 Revenue $600,000 Revenue Shortfall $800,000 in Unbudgeted Revenue

FY2012 Budget Scenario 1 – No Tax Rollup Proposed Action Further reduce FY2012 expenditure budget by $600,000 Scenario 2 – Tax Rollup to Ceiling Proposed Action Reinstitute some cuts made to FY2012 budget Use for fund balance stabilization (for future years) Lessen future cuts Cover anticipated future withholdings from State

Tax Rate Hearing August 25, PM Notices have been posted per MO Revised Statutes Uses the tax rollup scenario Provides Board of Education most flexibility

Park Hill School District August 11, Tax Rate