1. Executive Director of Finance and Support Services
Final Pay 2018 Levy
December 11, 2017
Rod Zivkovich
Executive Director of Finance and Support Services

2. Objective of Presentation:
Prepare School Board to make an informed decision on the final levy certification tonight
Need School Board action to approve final levy
Review
Truth in Taxation process
Pay 2018 Levy information

3. Truth in Taxation Process Truth in Taxation Process
District sends preliminary levy info to HC, by 9/30/17
County uses info to prepare property tax statements
November 2017
HC mails statement
to taxpayers
Truth in Taxation and Budget Update
(12/11/17)
School Board certifies Pay 2018 levy (12/11/17)
County uses info to prepare property tax bills

4. Pay 18 Preliminary Levy Certification Process
Sept 8th : MDE released preliminary preparation data
Sept 25th : School Board certifies preliminary levy submission
By September 30: Preliminary levy submitted to MDE, Hennepin County and Scott County
Counties prepare Truth in Taxation notices for November mailing
December 11th : School Board certifies final levy submission
Levy Decisions

5. 2013-14 Adopted Budget 2017-18 Budget
District budgets are divided into separate funds, as required by law
General Fund (Includes Transportation, Technology Levy and Capital Funds)
Food Service Fund
Community Service Fund
Building Construction Fund
Debt Service Fund
Trust Fund

6. 2013-14 Adopted Budget 2017-18 Budget All Funds
Revenues $ million
Expenditures $ million
Rev over Exp ($ 18.9 million )

7. 2013-14 Adopted Budget 2017-18 Budget General Fund
Revenues $ million
Expenditures $ million
Rev over Exp ($ 4.9 million)

8. Truth in Taxation Requirements
1. Current School Year Budget
Sources of Revenue
Expenditures by Program
2. Proposed Property Tax Levy
% Increase Over Prior Year
Specific Purposes for Tax Increases
3. Public Comments

9. All Funds Revenues by Source
$177.4 million
State, Federal and Local
Includes Titles, Special Education and Other
Includes Operating Referendum, Safe Schools Levy, Equity, Career Tech, Community Education, Debt and Other Misc. Levy Items
Includes Fees, Tuition, Rental and Other Local
Includes Formula, Special Education and Other Revenues

10. General Fund Revenues by Source
$ million

11. Truth in Taxation Requirements
1. Current School Year Budget
Sources of Revenue
Expenditures by Program
2. Proposed Property Tax Levy
% Increase Over Prior Year
Specific Purposes for Tax Increases
3. Public Comments

12. All Funds Expenditures by Program
$196.3 million
Property and Casualty Debt, Interest, Insurance,
transfers, etc
Supt, Asst Supt, Principals,
Spec Ed Dir.,
School Board, etc.
Accounting, HR,
Payroll, Technology,
Community Relations, etc
Custodial, Utilities, Alternative Facilities, Capital Projects
Health & Psych Services, Social Workers, Transportation and Food Service
Assistant Principals, Media Center,
Staff Development, Counseling,
Curriculum Specialists, etc.

13. General Fund Expenditures by Program
$149.8 million

14. Truth in Taxation Requirements
1. Current School Year Budget
Sources of Revenue
Expenditures by Program
2. Proposed Property Tax Levy
% Increase Over Prior Year
Specific Purposes for Tax Increases
3. Public Comments

15. Referendum Referendum Other Community Services Debt Service Other
MDE calculates our preliminary amounts based on
MN Statutes and district specific information
5 Major Levy Categories
Other
Debt Service
Community Services
Referendum Other
Referendum
School Board determines whether to levy
the maximum or an amount less than the maximum

16. $5.2 million increase new referendum
Referendum Levy
Pay 2016
Pay 2017
Pay 2018
Referendum Revenue
$12,473,424
$13,582,633
$18,774,690
Prior Yr Adjustments
-97,350
414,898
-172,504
Total Levy
$12,376,074
$13,997,531
$18,602,186
$5.2 million increase new referendum

17. $0.3 million decrease with new referendum
Equity Levy
Pay 2016
Pay 2017
Pay 2018
Equity Revenue
$1,073,732
$1,036,368
$760,640
Board Approved $300/PU
3,317,031
3,476,889
3,377,751
Location Equity $424/PU
4,688,592
4,914,525
4,774,410
Prior Yr Adjustments
178,836
246,416
(114,015)
Total Levy
$9,258,190
$9,674,197
$8,798,786
Equity Revenue is intended to reduce the disparity in revenue between the highest and lowest revenue districts on a regional basis.
$0.3 million decrease with new referendum

18. Community Services Levy
Pay 2016
Pay 2017
Pay 2018
Community Svcs Revenue
$1,619,585
$1,711,949
$1,770,846
Prior Yr, Abatement, Other Adjustments
46,411
48,242
53,317
Total Levy
$1,665,996
$1,760,192
$1,824,163

19. Prior Yr, Abatement, Other Adjustments
Debt Service
Pay 2016
Pay 2017
Pay 2018
Debt Service
$10,801,470
$10,148,039
$10,844,016
Prior Yr, Abatement, Other Adjustments
-442,933
-422,917
177,257
Total Levy
$10,358,537
$9,725,122
$11,021,273

20. Pay 2016 to Pay 2018 Comparison Pay 2016 Pay 2017 Pay 2018
Diff Pay 2016 to Pay 2018 %
Referendum
$12,376,074
$13,997,531
$18,602,186
$6,226,112
50.3%
Referendum Other
9,258,190
9,674,197
8,798,786
-459,404
-5.0%
Community Svc
1,665,996
1,760,192
1,824,163
158,167
9.5%
Debt Service
10,358,537
9,725,122
11,021,273
662,736
6.4%
Other
16,596,294
16,388,208
16,755,155
158,861
1.0%
Total
$50,255,091
$51,545,251
$57,001,564
$6,746,473
13.4%

21. Pay 2016 to Pay 2018 Comparison Pay 2016 Pay 2017 Pay 2018
Diff Pay 16 to Pay 18 %
Operating Referendum
$21,634,265
$23,671,728
$27,400,972
$5,766,707
26.7%
Non Referendum
$28,620,826
$27,873,522
$29,600,592
$979,766
3.4%
Total
$50,255,091
$51,545,251
$57,001,564
$6,746,473
13.4%
Operational Referendum: Referendum and Equity Revenue
Non Operational: Debt Service (General and OPEB), Alternative Facilities, Capital Projects (Technology) Community Services, Operating Capital, Lease Levy, Q-comp, Integration and Others

22. Tax Comparison on Median Valuation
Pay 2016
Pay 2017
Pay 2018
Diff Pay 16 to Pay 18 %
Median Value Home
$219,700
$225,900
$246,400
$26,700
12.2%
Total County, City and School Taxes
$2,950
$2,892
$3,205
$255
8.6%
School Taxes
$880
$850
$989
$109
12.4%
Before referendum election $13 (1.2%)

23. Truth in Taxation Requirements
1. Current School Year Budget
Sources of Revenue
Expenditures by Program
2. Proposed Property Tax Levy
% Increase Over Prior Year
Specific Purposes for Tax Increases
3. Public Comments

24. Next Steps Board action:
Certification of Final Limitation December 11, 2017

25. Questions?