Foley Public Schools

Truth in Taxation Timeline 2012 Pay 2013 Levy for 2013-2014 School Year or FY2014

Truth in Taxation Law • Began in 1988 • Two steps for counties, cities and schools - Mail notice to each property owner with percentage increase/decrease in dollars - Truth in Taxation public hearing is required

Agenda • Current Year Adopted Budget Presented • School District Fund Information Presented • Proposed Property Tax Levy Presented • • Percentage Increase/Decrease of Levy Discussed Opportunity for Public Inquiry Given

School District Funds • General Fund • Food Service Fund • Community Education Fund • Building Fund • Debt Service Fund

Budget 2012-2013

Fund Description General Projected Revenue $15,273,920 Projected Expenditures $15,838,726 Difference ($564,806) 6/30/13 Fund Balance $6,600,118 Food Service Community Service Building Fund Debt $971,352 $459,052 -0 $3,095,797 $988,427 $474,614 $1,186,056 $2,951,850 ($17,075) ($15,562) ($1,186,056) $143,947 $237,750 $67,700 $1,453,276 $5,863,497

General Fund • • • • • • • Based on student enrollment Local operating levies Transportation Special Education Capital Health & Safety Federal Grants

End of the Year WADM’s 2100,0 2050,0 2000,0 1950,0 1900,0 1850,0 1800,0 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

General Fund Departmental Expenses Intermediate 25% High School/ALC 21% Activities 5% Transportation 5% Maintenance 8% District wide 10% Elementary 26%

General Fund Expenses by Category

Benefits 23% Other 15% Salaries 62%

Food Service Fund • Based on Federal Grant of free/reduced lunch • Based on student participation

Community Education Fund • Based on the adult population in the District • Early Childhood is based on the number of children under 5 years of age.

• Participation Fees

Building and Debt Service Funds

Building Fund

• • One Day Bond Bus Garage Project

Debt Service Fund

• • Based on Maximum Effort Loan through 2019 Pay the District’s Bond Payments

School District Levy • 2012 Payable 2013 • 2013-2014 School Year

2012 Payable 2013 Levy

Voter Approved Pay 2012 Pay 2013 Difference Learning Levy $ 292,371.90 $ 289,804.13 $ (2,567.77) Building Debt $ 2,980,616.15 $ 3,154,321.30 $ 173,705.15 Total Voter Approved $ 3,272,988.05 $ 3,444,125.43 $ 171,137.38

2012 Payable 2013 Levy

Other Local Levies Pay 2012 CAREER & TECHNICAL $ 35,552.36 SAFE SCHOOLS $ 60,863.40 HEALTH & SAFETY OPERATING CAPITAL TRANSITION LEVY EQUITY LEVY LEASE LEVY DEFERRED MAINTENANCE INTEGRATION REEMPLOYMENT INSURANCE ADJUSTMENTS $ 34,369.73 $ 128,586.28 $ 10,048.14 $ 139,017.68 $ 11,664.78 $ 39,147.13 $ 41,853.46 $ 36,234.58 $ (205.25) Pay 2013 $ 30,355.74 $ 62,245.20 $ 48,251.00 $ 122,411.57 $ 9,873.18

$ 137,112.05 $ 19,324.26 $ 42,322.63 $ 45,314.35 $ 22,598.32 $ 103.49 Difference $ (5,196.62) $ 1,381.80 $ 13,881.27 $ (6,174.71) $ (174.96) $ (1,905.63) $ 7,659.48 $ 3,175.50 $ 3,460.89 $ (13,636.26) $ 308.74

2012 Payable 2013 Levy

Other Local Levies

STANDARD COMMUNITY ED

Pay 2012

$ 63,467.78 EARLY CHILDHOOD $ 26,533.11 HOME VISITING $ 1,192.00 $ (22.07) ADJUSTMENTS

Total Other Local Levies TOTAL LEVY $ 628,303.11 $ 3,901,291.16 Pay 2013 $ 60,868.33 $ 26,020.95 $ 1,160.00 $ 15.59 $ 627,976.66 $ 4,072,102.09 Difference

$ (2,599.45) $ (512.16) $ (32.00) $ 37.66

$ (326.45) $ 170,810.93

77% Debt Service

Levy by Fund

20% General Fund 3% Community Ed

Voter Approved vs. Other Levies

Other 15% Voter Approved 85%

Total Levy Increase

$170,810.93

or 4.38%

Causes of Property Tax +/ • Changes in market values .

• Changes in class rates/history .

• Changes in state formula .

• Voter approved referendums .

Questions Opportunity for public inquiry.