1. DECEMBER 2014 Hastings School District # 200 Truth In Taxation

2. TAX LEVY CALENDAR For Taxes 2014 Payable 2015 School Year July 1, 2015 – June 30, 2016 May 2014 Legislature sets school finance formulas. July 2014 Health and safety project applications are due. August 2014 Pupil projections and other school data necessary to complete initial levy run are due. August 2014 Date and location of levy hearing is set. September 2014 Schools receive initial levy limitation from MDE. September 2014 Certify proposed levy. (1) November 2014 County mails levy notices to property owners. December 2014 Public hearing on levy. December 2014 Certify final tax levy. (2) (1) Except for new voter approved tax levies; the final levy cannot exceed the proposed levy. (2) The certification of the levy is a culmination of a five month process, which began the previous spring.

3. FACTORS IMPACTING TAX LEVY ISSUES DRIVEN BY LEGISLATIVE DECISIONS : Change in tax capacity rate. Laws impacting building or health and safety code compliance. Changes to other levy formulas. ISSUES DETERMINED BY DISTRICT VOTERS: Voter approved building bonds. Voter approved referendum. LOCAL FACTORS: Inflationary pressure on real estate market. Change in individual assessed market value. Possible change in property classification. Property improvements not previously taxed.

4. PROPOSED SCHOOL PROPERTY TAX LEVY 2013 pay 2014 2014 pay 2015 change PROPERTY TAXES DETERMINED BY STATE LEGISLATION General Fund ( excludes referendum, includes location equity ) 4,017,014 4,509,055 492,041 Community Education and Services 482,742 498,725 15,983 TOTAL BASED UPON STATE LEGISLATION 4,499,756 5,007,780 508,024 11.29% PROPERTY TAX AUTHORITY PROVIDED BY LOCAL VOTERS Referendum Levy ( excludes location equity ) 5,169,870 5,182,773 12,903 TOTAL BASED ON VOTER AUTHORITY.25% DEBT REDEMPTION LEVY Voter Approved Building Bonds 4,664,585 4,296,310 (368,275) Alternative Facility Health and Safety 354,934 345,464 (9,470) TOTAL DEBT REDEMPTION LEVY 5,019,519 4,641,774 (377,745) -7.53% TOTAL PROPERTY TAXES 14,689,145 14,832,328 143,183 Percent Increase in Tax Levy.97% Tax Base (Adjusted Net Tax Capacity for District) 30,868,289 33,269,920 2,401,631 Referendum Market Value 2,397,722,755 2,401,009,358 3,286,603

5. EXPLANATION OF LEVY CHANGES GENERAL Equity Revenue 204,715 3 formulas + legislative change. Transition Revenue (20)Prior year adjustments. Reemployment 28,584Prior year negative adjustment- est. to actual. Referendum 12,903$54,235 prior yr. adj.,$57,479-1.0135% inflation. Local Optional (742)Part of referendum.  Career Technical 13,136Estimated expenses to actual. Safe School Levy 3,679Prior year adjustments. Student Achievement 1,752% of the general education formula. Operating Capital 39,307ANTC increased, increases levy ratio. Abatements 4,094Property tax reductions. Health & Safety 121,903MS fire alarm upgrade project. Lease Levy 70,376 Prior year adjustment $-71,547. Deferred Maintenance 5,257 Based on building age. Total Change General 504,944

6. Explanation of Levy Changes continued GENERAL-previous page 504,944 COMMUNITY EDUCTION 15,984 School Age Care Disabled prior year adj. DEBT SERVICE (377,745) Bond refunding & excess reduction. TOTAL CHANGE 143,183.97% increase VOTER APPROVED (355,371) OTHER 498,554 143,183

7. BUDGET OVERVIEW July 1, 2014 – June 30, 2015 Revenues Expenditures General Fund49,150,38851,617,642 Food Service 2,260,811 2,221,471 Community Services 2,129,750 2,106,749 Construction 0 0 Debt Service 25,006,534 24,102,312 Includes $19,837,537/$19,765,000 of refunded bonds Trust Fund 65,000 103,896 Excludes Irrevocable Trust F45 & Self-Funded Ins. F20/21 TOTAL 78,612,48380,152,070

8. WHERE DO OUR REVENUES COME FROM? State Aid 37,227,137 Federal Aid 2,390,071 Levy 14,800,375 Misc. Local 4,360,746 Other- Bond Refunding 19,834,154 Total 78,612,483

9. WHAT DO OUR EXPENDITURES PAY FOR? Salaries/Benefits 42,719,769 Purchased Services 7,315,867 Debt Service- includes bond refunding 24,102,312 Equip, Books, Buildings 2,618,087 Supplies 2,994,729 Misc 401,306 Total 80,152,070

10. WHAT DO OUR EXPENDITURES PAY FOR? Administration 1,923,418 District Support 2,174,370 Elem. & Sec. Reg. 25,534,012 Vocational 457,609 Special Education 8,312,433 Community Education 2,066,423 Instructional Support 2,779,341 Pupil Support 6,656,391 Sites & Buildings 29,996,970 Other Fixed Costs 251,103 Total80,152,070

11. QUESTIONS OR COMMENTS CONTACT HASTINGS ISD # 200 DISTRICT OFFICE 1000 11 TH ST WEST HASTINGS MN 55033 (651) 480-7000 Posted on District Web http://www.hastings.k12.mn.us/Property_Taxes2