Independent School District 196
Rosemount-Apple Valley-Eagan Public Schools
December 8, 2014
Educating our students to reach their full potential
Agenda

 Levy certification process
 Basic school funding
 2014 Payable 2015 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 mailed proposed tax statements
 December – Final levy certification by School Board
How Schools Are
Funded

Source of Revenues – All Funds
Federal Aid
3.15%
Other
17.27%
Property
Taxes
19.13%
State Aids &
Credits
60.46%
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.
Levy Payable 2015
Total Levy $78,530,885
Total Board
Determined
48,678,648
62%
Total Voter
Approved
29,852,238
38%
Levy Payable 2015
By Fund
Total Debt
Service
$14,670,701
19%
Total
Community
Service
$1,669,208
2%
Total General
Fund
$62,190,976
79%
Total School Local Levies
Millions
80
70
60
50
40
79.37
78.42
75.85
73.78
78.24
78.53
30
20
10
Payable 2010 Payable 2011 Payable 2012 Payable 2013 Payable 2014 Payable 2015
Millions
60
Total General Fund Levy
50
40
30
58.5
57.4
54.7
53.4
57.4
62.2
20
10
0
Payable 2010 Payable 2011 Payable 2012 Payable 2013 Payable 2014 Payable 2015
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
Payable
2010
Payable
2011
Payable
2012
Payable
2013
Payable
2014
Payable
2015
0.6
0.4
0.2
-
Total Debt Service Levy
Millions
25
20
15
10
19.1
19.4
19.5
18.7
19.2
14.7
5
0
Payable 2010 Payable 2011 Payable 2012 Payable 2013 Payable 2014 Payable 2015
How Will This Impact
Taxes In The District 196
Community?
School Taxes Payable on Average-Value Home
$1,400
$300,000
1,179
1,145
239,506
243,700
232,258
216,768
$200,000
Home Value
1,152
$1,200
1,066
256,714
1,144
1,153
1,128
224,629
$1,000
$800
$150,000
$600
$100,000
$400
Avg Home in ISD 196
$50,000
School Tax
$200
$0
$0
2008
2009
2010
2011
2012
2013
Payable Tax Year
2014
2015
School Tax
$250,000
284,871 278,570 1,186
Questions?
Comparison of State Average to District 196 Total
School Levy Change
8.0%
6.0%
6.0%
5.9%
4.0%
2.0%
2.0%
1.8%
1.7%
1.6%
0.4%
0.0%
2011
-2.0%
-4.0%
2012
2013
2014
2015
-1.2%
-3.3%
-2.7%
Total State State Levy % Change
District 196 Levy % Change