1. Public Meeting Iroquois School Opt Out July 19, 2011 Yale Basec July 20, 2011 Iroquois School Gym July 21, 2011 Cavour Fire Hall All meetings start at 7:00 PM

2. Iroquois School District The Iroquois School District serves the communities of Cavour, Iroquois, and Yale Since the 1990s with the creation of open enrollment we have also served students from Sanborn Central, Carthage, DeSmet and Huron Districts

3. Iroquois School District Our vision is to create a school in which everyone including students, teachers, and parents, work together in a positive, caring environment, that will promote excellence, and helps guide students toward greater personal, academic, social, emotional and physical development. The purpose of the Iroquois School System is to provide a positive growth and learning experience for children of this community in a safe, caring, and consistent atmosphere, with due consideration being made to the rural culture and history in both the construction of the curriculum and our teaching practices. Our human material resources are completely dedicated to preparing our students for meaningful adult experiences by stressing academic, emotional, physical, and social development.

4. Funding Formula The school funding formula is based on actual enrollment on the last Friday in September. The greater of last year’s fall enrollment number or the average of the last two years fall enrollment numbers is used to determine FY 12 state aid. ADM = 2 year average (183.71 +194.51)/2=188.83 IROQUOIS SCHOOL FUNDING $4,389.95 X 188.83 = $828,954 Small School Adjustment Factor $847.54 X 188.83 = 160,040 ONE TIME MONEY $97.01 X 188.83 = $18,318 TOTAL NEED= $1,007,312.00 $1,007,312.00 – Local Effort = State Aid This is the amount that the state believes it should cost to educate our students.

5. Current Budget General Fund Budget $1,594,275 projected for 2011-2012 $1,594,275.00 - $1,007,312.00 = $586,963.00 Opt Money $275,000.00 = $311,963.00 Other Revenues $175,700.00 = $136,263.00 Reserves $136,263.00 = $0

6. Next Year Budget General Fund Budget $1,594,275 projected for 2012-2013 $1,594,275.00 - $989,000.00 = $605,275.00 Opt Money $100,000.00 = $505,275.00 Other Revenues $175,700.00 = $329,575.00 Reserves $ ? = $329,575.00 ** NO One Time Money, 350,000 Opt Out, Reserves $18,318 175,000 0

7. Per Student Funding

8. $750,000 History Funding 2010-2011 $100,000 Bond Redemption (paid off Dec. 2010) $350,000 Current Opt Out (End Dec. 2011) $450,000 in funding (Received in 2010-2011) $300,000 in Additional funding $750,000 New Opt out Amount (Starts Jan. 2012) * Opt Out funding is ALL the first year and maybe maintained or decreased over the lifetime of the opt out

9. Why $750,000 School Year 2011-2012 6.6% decrease in state funding -$65,000 School year 2012-2013 -8.8% decrease in state funding -$95,000 It was projected it would take 5 years to return to 2010 funding levels $4,804

10. Student Enrollment

11. Budget Composition

12. Compared to Other Districts School DistrictAGOOother Iroquois w/ 850,000 7.14410.19419.976 Huron (Now) w/ 1,500,000 8.534 9.586 9.945 11.578 14.471 17.966 DeSmet w/ 200,000 7.0548.87914.732 Willow Lake w/ 900,000 9.95913.69325.671 Lake Preston w/ 210,000 8.38610.42216.954 Howard w/ 225,000 6.6718.36413.802 Arlington w/ 245,000 8.72210.61716.696

13. Levies and Taxes Assessed Value/$1000 X Levy = Taxes Levies and Assessed Value AG 7.144 OO 10.194 Other 19.976 $50,000$357.20$509.70$998.80 100,000$714.40$1,019.40$1,997.60 150,000$1,071.60$1,529.10$2,996.40 200,000$1,428.80$2,038.80$3,995.20

14. Mil Levies on $450,000 Assessed Value/1,000 X Levy = Taxes Ex. 50,000/1000 X 5.748 = 287.40 Levies Assessed Values AG 5.748 OO 8.026 Other 15.335 $50,000$287.40$401.30$766.75 $100,000$574.80$802.60$1,533.50 $150,000$862.20$1,203.90$2,300.25 $200,000$1,149.60$1,605.20$3,067.00

15. Polling Sites  Fire Hall, Yale  Voters residing in Yale Town  Cavour, Foster, Barrett, Liberty Townships  St. Patrick Hall, Cavour  Voters residing in Cavour Town  Richland and Pearl Creek Townships  Fire Hall, Iroquois  Voters residing in Iroquois Town  Banner, Logan, Belle Prairie Townships  all Kingsbury County electors Election Day: Tuesday, July 26 th, 2011 7:00 AM – 7:00 PM