1. Park Hill School District August 11, 2011 2011-2012 Tax Rate

3. Impact: Tax Bill on a $200,000 Home SCHOOL DISTRICT2010 TAX LEVYTAX BILLDIFF Hickman Mills C-1 $ 6.2717 $ 2,383 Raytown C-2 $ 6.2200 $ 2,364 $ (20) Liberty 53 $ 6.0950 $ 2,316 $ (67) Lee's Summit R-VII $ 5.9726 $ 2,270 $ (114) North Kansas City 74 $ 5.8898 $ 2,238 $ (145) Center 58 $ 5.8151 $ 2,210 $ (174) Grandview C-4 $ 5.7936 $ 2,202 $ (182) Blue Springs R-IV $ 5.7286 $ 2,177 $ (206) Independence 30 $ 5.4300 $ 2,063 $ (320) Park Hill School District $ 5.4133 $ 2,057 $ (326) Fort Osage R-I $ 5.3812 $ 2,045 $ (338) Platte Co. R-III $ 4.5288 $ 1,721 $ (662)

4. 2010-2011 Park Hill School District Tax Levy Fund2010-2011 Levy Fund 1 – Operational/Incidental$4.7573 Fund 2 – Special Revenue/Teachers$0.0000 Fund 4 – Capital Projects$0.0453 Operational Levy$4.0826* Fund 3 – Debt Service$0.6107 TOTAL LEVY$5.4133 *Operational Levy of $4.0826 was set to 2010-2011 Tax Ceiling

5. Operational Tax Levy Terminology Tax LevyAuthority2010-2011 Amount 2011-2012 Amount Maximum Authorized Levy Based on last voter approved levy rate Does not change until new election Local Voters $4.9970 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$4.9105 Actual Levy Adjusted annually by local Board of Education Local Board or Education $4.8026 Debt Service Levy Annually set by local Board of Education to pay back debt Local Board of Education $0.6107 Voluntary Rollback

6. Assessed Valuation Change Property2010-20112011-2012Change% 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 $ 108,45420.2% 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 $ 111,02921.2% 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

7. Reassessment of Real Property Changes in Personal Property New Growth $1,452,010,209 2010 $1,452,010,209 2011 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

8. FY2012 Budget FY2012 budget was created anticipating a no increase in the tax levy $4.8026 = Operational $0.6107 = Debt Service After final assessed valuation figures from the county, the tax rate ceiling moved up from $4.8026 to $4.9105 (+$0.1079)

9. $65.9 $65.3 $66.7 Approved FY2012 Budget FY2012 Operational Revenue (in millions) Scenario 1 $0.1079 Voluntary Rollback No Tax Rollup Scenario 2 $0.0000 Voluntary Rollback Tax Rollup $0.1079 Operational Revenue Impact of Assessed Valuation Decrease Preliminary Calculation Current Levy = $4.8026 $66.1 FY2011 Revenue $600,000 Revenue Shortfall $800,000 in Unbudgeted Revenue

10. 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

11. Tax Rate Hearing August 25, 2011 7PM Notices have been posted per MO Revised Statutes 67.110 Uses the tax rollup scenario Provides Board of Education most flexibility

12. Park Hill School District August 11, 2011 2011-2012 Tax Rate