Independent School District 196
Rosemount Apple Valley
Rosemount-Apple
Valley-Eagan
Eagan Public Schools
December 12, 2011
Educating our students to reach their full potential
Agenda

Levy certification process

Basic school funding

2011 Payable 2012 Levy Analysis
Levyy Certification Process

Started in July/August – submission of data
to Minnesota Department of Education

September – School Board set levy limit

November – County sent out proposed tax
statements

December – Final levy certification by
School Board
How Schools Are Funded

State determines funding formula
Basic Funding Formula History










03-04
04 05
04-05
05-06
06-07
07-08
08-09
09-10
10-11
11-12
12-13
$4,601
$4 601
$4,601
$4,783
$4 974
$4,974
$5,074
$ ,
$5,124
$5,124
$5,124
$
$5,174
$5,224
How Schools Are Funded
State determines funding formula
 Majority of revenue is determined by the
number of students served in the district

October 1 Total Enrollments
2011 Actual
2012-16 Estimate
40,000
35,000
30 000
30,000
27,404
,
27,420
27,412
27,393
,
,
27,341
27,337
,
2011
2012
2013
2014
2015
2016
Actual
Estimate
Estimate
Estimate
Estimate
Estimate
25,000
20,000
15,000
10,000
5,000
0
How Schools Are Funded
State determines funding formula
 Majority of revenue is determined by the
number of students served in the district
 Revenue = Formula x Pupils served

 Under current law formulated revenues are
primarily paid by state aid
Source of Revenues – All Funds
All Funds
F
Federal
d l Aid
5.09%
Other
9
21%
9.21%
State Aids &
Credits
63.31%
Property
Taxes
22.39%
How Are Local School Taxes
Determined?

Voter approved
 Bond votes
 Operating Levy votes

School Board decisions ((Other Local))
 Authority is limited through legislation
 Special
p
levy
y authority…Safe
y
Schools levy,
y,
Alternative Facilities levy, Health and Safety levy
etc.
Levy Payable 2012
Total Levy $75,849,597
Total Board
Determined
$27,832,942
37%
Total Voter
Approved
$48,016,655
63%
Levy Payable 2012
By Fund
Total
Community
y
Service
$1,648,097
2%
Total Debt
Service
$19,524,115
26%
Total General
Fund
$54,677,385
72%
Total School Local Levies
Millions
80
70
60
50
40
75.93
75.02
75.09
Payable 2007
Payable 2008
Payable 2009
79.37
78.42
Payable 2010
Payable 2011
75.85
30
20
10
Payable 2012
Total General Fund Levy
Millions
60
50
40
30
58.5
53 4
53.4
55.2
55.6
Payable 2008
Payable 2009
57.4
54.7
20
10
Payable 2007
Payable 2010
Payable 2011
Payable 2012
Community Education Levy
Millions
1.8
1.6
1.4
1.2
1.0
1.70
0.8
1.67
1.69
1.69
1.65
Payable 2009
Payable 2010
Payable 2011
Payable 2012
1.43
0.6
0.4
0.2
Payable 2007
Payable 2008
Total Debt Service Levy
Millions
21.5
21.0
20 5
20.5
20.0
19 5
19.5
19.0
18.5
20 8
20.8
18.0
19.1
17.5
19.4
19.5
18.4
17.0
17.8
16.5
16.0
Payable 2007
Payable 2008
Payable 2009
Payable 2010
Payable 2011
Payable 2012
How Will This Impact
p
Taxes In The District 196
Community?
School Taxes Payable on Avg. Value Home
284,871 278,570
265,556
$250 000
$250,000
Home Valu
ue
$200,000
$150,000
$1,400
232,399
256,714
,
239,506
243,090
,
1,288
223,086
1,186
1,210
1,144
1,145
1,179
202,146
1,128
835
830
$1,200
$1,000
$800
860
$600
$
$100,000
$400
$50,000
$200
$0
$0
2003
2004
2005
2006
2007
2008
2009
2010
Payable Tax Year
Avg Home in ISD 196
School Tax
2011
2012
School Tax
x
279,652
$300,000
Q
Questions?
ti
?
Alternative Facilities Levy
$9,000,000
$8,000,000
$7,703,130.00
$7 322 623 00
$7,322,623.00
$7,000,000
$6,728,396
$6,637,900.00
$6,176,945
$6,000,000
$4,847,224.00
$5,000,000
$4,000,000
$3,000,000
$2 000 000
$2,000,000
$1,000,000
$Payable 2007
Payable 2008
Payable 2009
Payable 2010
Payable 2011
Payable 2012
Referendum Funding Trend
$40,000,000
$35,000,000
$1,873,383
$19,475
$17,138
$-
$488 651
$488,651
$1 700 211
$1,700,211
Payable 2011
Payable 2012
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5 000 000
$5,000,000
$Payable 2007
Payable 2008
Payable 2009
Referendum Levy
Referendum Aid
Payable 2010
Equity Revenue Funding Trend
$3,500,000
$73,423
$246,229
$$-
$3,000,000
$2,490
$225,479
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$Payable 2007
Payable 2008
Payable 2009
Payable 2010
Levy
Aid
Payable 2011
Payable 2012
Operating Capital Revenue Funding Trend
$7,000,000
$6,227,470
$6,247,737
$6,239,210
$6,196,348
$6,241,880.40
$6,281,799.83
$6,000,000
$5,000,000
$4,000,000
$3,175,748
$3,051,722
$3,439,817
$2,807,920
$3,000,000
$3,457,875
$3,441,478
$3,247,714.54
$2,994,166
$2,797,732
$3,225,292
$3,056,507.89
$2,738,473
$2,000,000
$1,000,000
$Payable 2007
Payable 2008
Payable 2009
Payable 2010
Operating Capital Total
Payable 2011
Levy
Aid
Payable 2012