2015 PAYABLE 2016
LEVY CERTIFICATION
Independent School District 196
Rosemount-Apple Valley-Eagan Public Schools
December 14, 2015
Educating our students to reach their full potential
AGENDA
 Levy certification process
 Basic school funding
 2015 Payable 2016 Levy Analysis
1
LEVY CERTIFICATION PROCESS
 July/August – started with submission of data to
Minnesota Department of Education
 September – School Board set levy limit
 November – County mailed proposed tax statements
 December – Final levy certification by School Board
HOW SCHOOLS ARE FUNDED
2
SOURCE OF REVENUES – ALL FUNDS
Federal
Sources
3.41%
Other
15.89%
Property
Taxes
19.18%
State
Sources
61.52%
HOW ARE LOCAL SCHOOL TAXES
DETERMINED?
 Voter approved
 Bond votes
 Operating levy votes
 School Board decisions (Other Local)
 Authority is limited through legislation
 Special levy authority…Safe Schools levy, Alternative Facilities
levy, Health and Safety levy etc.
3
WHAT IS THE
SCHOOL DISTRICT’S
RECOMMENDED LEVY?
Levy Payable 2016
Total Levy $85,581,695
Total Board
Determined
$44,833,473
52%
Total Voter
Approved
$40,748,222
48%
4
Levy Payable 2016
By Fund
Total Debt
Service
Total
Community $17,452,940
20%
Service
$1,674,048
2%
Total
General
Fund
$66,454,707
78%
HOW DOES THIS
COMPARE TO PRIOR
YEARS?
5
Total School Local Levies
Millions
90
80
70
60
50
85.58
40
79.37
78.42
75.85
73.78
Payable 2010
Payable 2011
Payable 2012
Payable 2013
78.24
78.53
Payable 2014
Payable 2015
30
20
10
Payable 2016
Total General Fund Levy
Millions
70.00
60.00
50.00
40.00
30.00
58.5
57.4
Payable 2010
Payable 2011
54.7
53.4
Payable 2012
Payable 2013
57.4
62.2
66.5
20.00
10.00
Payable 2014
Payable 2015
Payable 2016
6
Community Education Levy
Millions
1.8
1.6
1.4
1.2
1.0
0.8
1.69
1.69
1.65
1.68
1.68
1.67
1.67
Payable 2010
Payable 2011
Payable 2012
Payable 2013
Payable 2014
Payable 2015
Payable 2016
0.6
0.4
0.2
-
Total Debt Service Levy
Millions
25.0
20.0
15.0
10.0
19.1
19.4
19.5
18.7
19.2
17.5
14.7
5.0
Payable 2010
Payable 2011
Payable 2012
Payable 2013
Payable 2014
Payable 2015
Payable 2016
7
How Will This Impact Taxes
In the District 196
Community?
School Taxes Payable on Avg. Value Home
$300,000
284,871 278,570 1,186
1,179
1,145
239,506
246,221
232,258
$200,000
Home Value
1,165
1,066
256,714
1,144
1,153
1,128
216,768
$1,400
$1,200
255,795
$1,000
224,629
$800
$150,000
$600
School Tax
$250,000
1,294
$100,000
$400
$50,000
$200
$0
$0
2008
2009
2010
2011
2012
2013
2014
2015
2016
Payable Tax Year
Avg Home in ISD 196
School Tax
8
Questions?
9