Transcript Document

Hastings School District # 200
Truth In Taxation
DECEMBER 2014
TAX LEVY CALENDAR
For Taxes 2014 Payable 2015
School Year July 1, 2015 – June 30, 2016
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May
July
August
2014
2014
2014
Legislature sets school finance formulas.
Health and safety project applications are due.
Pupil projections and other school data necessary to
complete initial levy run are due.
Date and location of levy hearing is set.
Schools receive initial levy limitation from MDE.
Certify proposed levy. (1)
County mails levy notices to property owners.
Public hearing on levy.
Certify final tax levy. (2)
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August
September
September
November
December
December
2014
2014
2014
2014
2014
2014
(1)
Except for new voter approved tax levies; the final levy cannot exceed the
proposed levy.
(2)
The certification of the levy is a culmination of a five month process, which
began the previous spring.
FACTORS IMPACTING TAX LEVY
ISSUES DRIVEN BY LEGISLATIVE DECISIONS:
 Change in tax capacity rate.
 Laws impacting building or health and safety code compliance.
 Changes to other levy formulas.
ISSUES DETERMINED BY DISTRICT VOTERS:
 Voter approved building bonds.
 Voter approved referendum.
LOCAL FACTORS:
 Inflationary pressure on real estate market.
 Change in individual assessed market value.
 Possible change in property classification.
 Property improvements not previously taxed.
PROPOSED SCHOOL PROPERTY TAX LEVY
2013 pay 2014
PROPERTY TAXES DETERMINED BY STATE LEGISLATION
 General Fund (excludes referendum, includes location equity)
 Community Education and Services
TOTAL BASED UPON STATE LEGISLATION
PROPERTY TAX AUTHORITY PROVIDED BY LOCAL VOTERS
 Referendum Levy (excludes location equity)
TOTAL BASED ON VOTER AUTHORITY
DEBT REDEMPTION LEVY
 Voter Approved Building Bonds
 Alternative Facility Health and Safety
TOTAL DEBT REDEMPTION LEVY
TOTAL PROPERTY TAXES
Percent Increase in Tax Levy
Tax Base (Adjusted Net Tax Capacity for District)
Referendum Market Value
2014 pay 2015
change
4,017,014
482,742
4,499,756
4,509,055
498,725
5,007,780
11.29%
492,041
15,983
508,024
5,169,870
5,182,773
.25%
12,903
4,664,585
354,934
5,019,519
4,296,310
345,464
4,641,774
-7.53%
14,689,145
14,832,328
.97%
30,868,289
2,397,722,755
33,269,920
2,401,009,358
(368,275)
(9,470)
(377,745)
143,183
2,401,631
3,286,603
EXPLANATION OF LEVY CHANGES
GENERAL
 Equity Revenue
 Transition Revenue
 Reemployment
 Referendum
 Local Optional
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Career Technical
Safe School Levy
Student Achievement
Operating Capital
Abatements
Health & Safety
Lease Levy
Deferred Maintenance
Total Change General
204,715
(20)
28,584
12,903
(742)
13,136
3,679
1,752
39,307
4,094
121,903
70,376
5,257
504,944
3 formulas + legislative change.
Prior year adjustments.
Prior year negative adjustment- est. to actual.
$54,235 prior yr. adj.,$57,479-1.0135% inflation.
Part of referendum.
Estimated expenses to actual.
Prior year adjustments.
% of the general education formula.
ANTC increased, increases levy ratio.
Property tax reductions.
MS fire alarm upgrade project.
Prior year adjustment $-71,547.
Based on building age.
Explanation of Levy Changes continued
GENERAL-previous page
504,944
COMMUNITY EDUCTION
15,984
DEBT SERVICE
TOTAL CHANGE
VOTER APPROVED
OTHER
(377,745)
143,183
(355,371)
498,554
143,183
School Age Care Disabled prior year adj.
Bond refunding & excess reduction.
.97% increase
BUDGET OVERVIEW
July 1, 2014 – June 30, 2015
Revenues
Expenditures
 General Fund
49,150,388
51,617,642
 Food Service
2,260,811
2,221,471
 Community Services
2,129,750
2,106,749
• Construction
0
0
 Debt Service
25,006,534
24,102,312
65,000
103,896
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Includes $19,837,537/$19,765,000 of refunded bonds
 Trust Fund
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Excludes Irrevocable Trust F45 & Self-Funded Ins. F20/21
TOTAL
78,612,483
80,152,070
WHERE DO OUR REVENUES COME FROM?
State Aid
Federal Aid
Levy
Misc. Local
37,227,137
Other
25.2%
2,390,071
14,800,375
4,360,746
Other-Bond Refunding
19,834,154
Total
78,612,483
State Aid
47.4%
Misc. Local
5.5%
Levy
18.8%
Federal
Aid
3.0%
WHAT DO OUR EXPENDITURES PAY FOR?
Salaries/Benefits
Purchased Services
Equipment
Books Supplies
Buildings 3.7%
Misc
3.3%
0.5%
42,719,769
7,315,867
Debt Service
30.1%
Debt Service-includes bond refunding 24,102,312
Equip, Books, Buildings
2,618,087
Supplies
2,994,729
Misc
401,306
Total
80,152,070
Purchased
Service
9.1%
Salaries /
Benefits
53.3%
WHAT DO OUR EXPENDITURES PAY FOR?
Administration
District Support
Elem. & Sec. Reg.
Vocational
Special Education
Community Education
Instructional Support
Pupil Support
Sites & Buildings
Other Fixed Costs
Total
1,923,418
2,174,370
25,534,012
457,609
8,312,433
2,066,423
2,779,341
6,656,391
29,996,970
251,103
80,152,070
Instructional
Support Pupil
3.5% Support
Community
Education
2.6%
Sites &
Building
37.4%
8.3%
Other
Fixed Costs
0.3%
Special
Education
10.4%
Administration
2.4%
Vocational
0.6%
Elem. & Sec.
31.9%
District
Support
2.7%
QUESTIONS OR COMMENTS
CONTACT
HASTINGS ISD # 200
DISTRICT OFFICE
1000 11TH ST WEST
HASTINGS MN 55033
(651) 480-7000
Posted on District Web
http://www.hastings.k12.mn.us/Property_Taxes2