1. 2009 Payable 2010 Levy Certification Independent School District 196 Rosemount-Apple Valley-Eagan Public Schools December 14, 2009 Educating our students to reach their full potential

2. Agenda Levy certification process Levy certification process Basic school funding Basic school funding 2009 Payable 2010 Levy Analysis 2009 Payable 2010 Levy Analysis

3. Levy Certification Process Started in August – selection of hearing dates Started in August – selection of hearing dates September – School Board set levy limit September – School Board set levy limit November – County sent out proposed tax statements November – County sent out proposed tax statements December – Final levy certification by School Board December – Final levy certification by School Board

4. How Schools Are Funded State determines funding formula State determines funding formula

5. Basic Funding Formula History 01-02$4,068 01-02$4,068 02-03$4,601 02-03$4,601 03-04$4,601 03-04$4,601 04-05$4,601 04-05$4,601 05-06$4,783 05-06$4,783 06-07$4,974 06-07$4,974 07-08$5,074 07-08$5,074 08-09$5,124 08-09$5,124 09-10$5,124 09-10$5,124 10-11$5,124 10-11$5,124

6. How Schools Are Funded State determines funding formula State determines funding formula Majority of revenue is determined by the number of students served in the district Majority of revenue is determined by the number of students served in the district

7. District Enrollment

8. How Schools Are Funded State determines funding formula State determines funding formula Majority of revenue is determined by the number of students served in the district Majority of revenue is determined by the number of students served in the district Revenue = Formula x Pupils served Revenue = Formula x Pupils served Under current law formulated revenues are primarily paid by state aid Under current law formulated revenues are primarily paid by state aid

9. Source of Revenues – All Funds

10. How Are Local School Taxes Determined? Voter determined Voter determined Bond votes Bond votes Operating Levy votes Operating Levy votes School Board decisions School Board decisions Authority is limited through legislation Authority is limited through legislation Special levy authority…Safe schools levy, Alternative Facilities levy, Health and Safety levy etc. Special levy authority…Safe schools levy, Alternative Facilities levy, Health and Safety levy etc.

11. What Is The School District’s Recommended Levy?

14. How Does This Compare To Prior Years?

19. How Will This Impact Taxes In The District 196 Community?

21. Operating Budget Summary for District 196

22. Overview of Funds: 2009-10 General Fund General Fund Revenues$279,014,700 Revenues$279,014,700 Expenditures$285,521,811 Expenditures$285,521,811 Fund Balance$ 34,333,201 Fund Balance$ 34,333,20112.0% Fund balance is estimated 06/30/09

23. Overview of Funds: 2009-10 Food Service Food Service Revenues$ 10,685,723 Revenues$ 10,685,723 Expenditures$ 11,372,725 Expenditures$ 11,372,725 Fund Balance$ 1,247,057 Fund Balance$ 1,247,05710.96% Fund balance is estimated 06/30/09

24. Overview of Funds: 2009-10 Community Service Community Service Revenues$ 8,626,279 Revenues$ 8,626,279 Expenditures$ 9,302,556 Expenditures$ 9,302,556 Fund Balance$ 510,914 Fund Balance$ 510,9145.49% Fund balance is estimated 06/30/09

25. Total Budget Summary All funds All funds Revenues$ 324,175,189 Revenues$ 324,175,189 Expenditures$ 334,208,109 Expenditures$ 334,208,109 Fund Balance$ 51,560,986 Fund Balance$ 51,560,986

26. Questions?