2012 PAYABLE 2013
LEVY CERTIFICATION
INDEPENDENT SCHOOL DISTRICT 196
ROSEMOUNT-APPLE VALLEY-EAGAN PUBLIC SCHOOLS
DECEMBER 10, 2012
Educating our students to reach their full potential
AGENDA
• Levy certification process
• Basic school funding
• 2012 Payable 2013 Levy Analysis
LEVY 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
SOURCE OF REVENUES – ALL FUNDS
Federal Aid
3.47%
Property
Taxes
20.06%
Other
17.05%
State Aids &
Credits
59.42%
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.
WHAT IS THE SCHOOL DISTRICT’S
RECOMMENDED LEVY?
Levy Payable 2013
Total Levy $73,784,529
Total Board
Determined
$26,279,030
36%
Total Voter
Approved
$47,505,499
64%
Levy Payable 2013
By Fund
Total Debt
Service
$18,690,620
25%
Total
Community
Service
$1,680,545
2%
Total General
Fund
$53,413,364
73%
HOW DOES THIS COMPARE TO
PREVIOUS YEARS?
Total School Local Levies
Millions
80
70
60
50
40
79.37
78.42
75.85
73.78
Payable 2010
Payable 2011
Payable 2012
Payable 2013
30
20
10
-
Millions
60
Total General Fund Levy
50
40
30
55.2
55.6
Payable
2008
Payable
2009
58.5
57.4
54.7
53.4
Payable
2010
Payable
2011
Payable
2012
Payable
2013
20
10
-
Community Education Levy
Millions
1.8
1.6
1.4
1.2
1.0
0.8
0.6
1.43
1.67
1.69
1.69
1.65
1.68
Payable
2009
Payable
2010
Payable
2011
Payable
2012
Payable
2013
0.4
0.2
Payable
2008
Total Debt Service Levy
Millions
20.0
19.5
19.0
18.5
18.0
17.5
19.1
19.4
19.5
18.7
18.4
17.8
17.0
16.5
Payable
2008
Payable
2009
Payable
2010
Payable
2011
Payable
2012
Payable
2013
How Will This Impact
Taxes In The District 196
Community?
School Taxes Payable on Avg. Value Home
$1,400
$300,000
1,288
Home Value
$200,000
$150,000
835 830
$1,200
1,210
1,179
1,144
1,186
1,145
1,128
1,066
860
$1,000
$800
$600
$100,000
$400
$50,000
$0
$200
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Payable Tax Year
Avg Home in ISD 196
School Tax
$0
School Tax
$250,000
Questions?
Alternative Facilities Levy
$9,000,000
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$7,322,623.00
$7,703,130.00
$6,637,900.00
$6,020,675.00
$6,176,945.00
$4,847,224.00
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$Payable
2008
Payable
2009
Payable
2010
Payable
2011
Payable
2012
Payable
2013
Referendum Funding Trend
$35,000,000
$19,475
$17,138
$-
$488,651
Payable 2009
Payable 2010
Payable 2011
$30,000,000
$1,700,211 $2,444,726
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$Payable 2008
Referendum Levy
Referendum Aid
Payable 2012
Payable 2013
Equity Revenue Funding Trend
$3,500,000
$3,400,000
$3,300,000
$73,423
$3,200,000
$-
$3,100,000
$246,229
$3,000,000
$2,900,000
$374,864
$2,490
$-
$2,800,000
$2,700,000
$2,600,000
$2,500,000
Payable 2008
Payable 2009
Payable 2010
Levy
Payable 2011
Aid
Payable 2012
Payable 2013
$7,000,000
Operating Capital Revenue Funding Trend
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$Payable
2008
Payable
2009
Payable
2010
Operating Capital Total
Payable
2011
Levy
Payable
2012
Aid
Payable
2013