12-18-13 Public Presentation on Finances, Budget & the Tax Levy
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Transcript of 12-18-13 Public Presentation on Finances, Budget & the Tax Levy
Dunlap CUSD #323 2013 LevyBudget and Levy Information
December 18,20137:00 PM
Purpose of Levy InformationShare Financial Outlook of the District
Share Levy Information
Receive public comment
Revenue Sources
Expenses by Object
2005 2006 2007 2008 2009 2010 2011 2012 2013
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
4.7%4.6%
10.1%
8.2%
10.8% 11.2%
5.1%
12.8%
5.3%
Education Fund Expenditures; Per Year % Change
Farm
ingt
on
Illin
i Blu
ffs
Dunla
pIV
C
Brimfie
ld
Canto
n
Prin
ceville
Mor
ton
Elmwoo
d
Met
amor
a HS
Peor
ia H
ts
Lim
esto
ne H
S
Peor
ia #
150
Was
hing
ton
HS
416142494799504652605312553155545778
6236637665806721
8270
FY 12 Instructional Costs/Pupil
Illin
i Blu
ffs
Farm
ingt
on IVC
Brimfie
ld
Elmwoo
d
Dunla
p
Canto
n
Prin
ceville
Mor
ton
Met
amor
a HS
Peor
ia H
ts
Lim
esto
ne H
S
Was
hing
ton
HS
Peor
ia #
150
816484718700876388888947897089959215
106591071110806
1290412929FY 12 Operational Expenses/Pupil
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
Per Pupil Expenditure Comparison
Dunlap
Brim
Farm
Elm
IVC
Pville
IB
Lime HS
Heights
150
03 04 05 06 07 08 09 10 11 12 130
100
200
300
400
500
600
95 86
157 145167
108
242
142170
119
322
245 250 264 270292
313348
389
434
484
562
Increased Enrollment Total Employees
Increased Student Enrollment Vs. Total Employees
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
11.15%11.66%12.02%
13.41%
12.35%
11.79%
11.91%
11.24%
11.56%
13.29%
11.54%
5.53%
3.57%
1.30%
0.07%
1.50%
% EAV Increase
03 04 05 06 07 08 09 10 11 12 13
Trend Data Model
Employees EnrollmentCost Per Pupil EAV
The 2013 LevyIn order to maintain the tax rate over the
past three years, the board has:Used fund reserves in FY 13 and 14 to help pay
IMRF, Social Security, and Medicare.Used fund reserves in FY 14 to help mitigate the
Ed Fund deficit.
In order to meet the financial obligations of the district the tax rate has been increased to 4.49% in the proposed 2013 levy.
2013 Levy to be FiledIndividual Fund
Estimated Maximum Extension:
Balloon % input:2013 EAV $808,919,581
Maximum Tax Rate:
Individual Fund Estimated Maximum Extension: Levy Amount:
Education Fund 2.70% $21,840,828.68 $21,840,828.68 3.00% $22,496,054.00
Operations & Maintenance 0.48% $3,842,368.01 $3,842,368.01 2.00% $3,919,215.00
Transportation 0.20% $1,617,839.16 $1,617,839.16 2.00% $1,650,196.00
Working Cash 0.05% $404,459.79 $404,459.79 2.00% $412,549.00
Municipal Retirement Input in Manual
Override $680,703 0.00% $680,703.00
Social Security Input in Manual
Override $841,787 0.00% $841,787.00 Fire Prevention & Safety * 0.05% $404,459.79 $0 0.00% $0.00
Tort Immunity Input in Manual
Override $585,000 0.00% $585,000.00
Special Education 0.04% $323,567.83 $323,567.83 3.00% $333,275.00
Leasing 0.05% $404,459.79 $404,459.79 2.00% $412,549.00
Extension/Levy $28,837,983.05 $30,541,013.26 $0.00 $31,331,328.00 Bond and Interest: $5,817,878.00
Total Extension/Levy Total Levy $37,149,206.00 Tax Rate 4.4947
Facts Contributing to the Tax Rate Increase Student enrollment has increased 9% over the
past 3 years.EAV has only increased 4.94% in the past 3
years.Hickory Grove Elementary School was opened.Staff has increased to accommodate increased
student enrollment, maintain class sizes, bring special Education in-house, open the new school, and implement new educational programs.
Bonds were sold to build an addition at the high school.
Funds with a Tax Rate IncreaseDebt Services
Bonds sold to build new addition to the high School to accommodate growth.
IMRF/Social Security/MedicareIncreased costs due to additional staff members
and increased rates.No longer have adequate fund reserves to help pay
these expenses.Tort
Increased insurance costs and playground supervisors
LeasingTechnology and modular classrooms
2013 Levy Extension The Tax Rate in the 2013 levy is 4.49%.
Prevents tax rate from going above 4.49% even if the EAV decreases below the estimated 1.5%
Estimated annual increase of $36.00 for property with a value of $100,000
The tax rate extension (below) represents a ballooned amount, to ensure we receive all of our tax money if the EAV increases at a rate higher than the estimated 1.5% If the EAV increases, the tax rate will still remain at 4.49% The proposed corporate and special purpose property taxes to be
levied for 2013 are $31,331,328 or an 8.9% increase over the previous year.
The estimated property taxes to be levied for debt service and public building commission leases for 2013 are $5,817,878 or a 29% increase over the previous year.
The estimated total property taxes to be levied for 2013 are $37,149,206 or an 11.7% increase over the previous year.
2013 Levy to be FiledIndividual Fund
Estimated Maximum Extension:
Balloon % input:2013 EAV $808,919,581
Maximum Tax Rate:
Individual Fund Estimated Maximum Extension: Levy Amount:
Education Fund 2.70% $21,840,828.68 $21,840,828.68 3.00% $22,496,054.00
Operations & Maintenance 0.48% $3,842,368.01 $3,842,368.01 2.00% $3,919,215.00
Transportation 0.20% $1,617,839.16 $1,617,839.16 2.00% $1,650,196.00
Working Cash 0.05% $404,459.79 $404,459.79 2.00% $412,549.00
Municipal Retirement Input in Manual
Override $680,703 0.00% $680,703.00
Social Security Input in Manual
Override $841,787 0.00% $841,787.00 Fire Prevention & Safety * 0.05% $404,459.79 $0 0.00% $0.00
Tort Immunity Input in Manual
Override $585,000 0.00% $585,000.00
Special Education 0.04% $323,567.83 $323,567.83 3.00% $333,275.00
Leasing 0.05% $404,459.79 $404,459.79 2.00% $412,549.00
Extension/Levy $28,837,983.05 $30,541,013.26 $0.00 $31,331,328.00 Bond and Interest: $5,817,878.00
Total Extension/Levy Total Levy $37,149,206.00 Tax Rate 4.4947
FY 15 Budget and the LevyEven with the proposed Levy, the Ed Fund is
projected to have a $2.1 million deficit for FY 15. The Ed Fund deficit is based on the following
assumptions:1.5% increase in EAVIncreased Lease Levy to help fund technologySalaries were rolled according to the July
2013 TA with the DEAAll other budget line items rolled at the
current FY 14 budget levels
Mitigating the $2.1 Million DeficitThe board has spent much time over the past
year considering how to address the projected deficit
Last week the board reviewed $2.6 million dollars in cuts and enhancements in the Ed Fund
The Board directed administration to come back this week with cuts between $1.8 and $2.1 Million
Earlier this evening the administration shared a plan that contained $1.9 Million dollars in cuts and revenue enhancements
Highlights of Revenue Enhancements
Fees RevenueStudent Fee Increase ($25) $90,000
DHS Parking Fee Increase ($25)
$15,000
Lunch Fee Increase ($.25) $72,307
Milk Fee Increase ($.15) $9,400
Total $186,707
Highlights of Cuts and ReductionsReduction Savings
District Textbook Adoption 50% $150,000
Building Replacement Textbooks
Based upon enrollment
$35,750
Supplies 5% $46,420
DO Purchase Services $14,530
Elimination of Library Supplies
$16,750
Professional Development 66% $90,450
Salaries for Instructional Improvement (mentors/curriculum work)
14% $7,500
Subtotal $ 361,400
Additional CutsThe additional $1,338,050 in cuts directly
affect staff and salariesPer open meetings act, these items were
discussed in closed session at the finance committee because they affect the employment and compensation of specific employees
Summary; Addressing the $2.1Million Deficit
$186,707 (Revenue Enhancements)$361,400 (Expenditure Reductions;
non-staff)$1,338,050 (Expenditure Reductions; staff)
$1,886,157 (Total Cuts & Revenue Enhancements)
+ $213,843 ($ From Reserves)
$2,100,000 (Addressing the $2.1 million deficit)
Public Comment