Purpose of Levy Information
? Share Financial Outlook of the District
? Share Levy Information
? Receive public comment
Revenue Sources
Expenses by Object
4.7%
4.6%
10.1%
8.2%
10.8%
11.2%
5.1%
12.8%
5.3%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
2005 2006 2007 2008 2009 2010 2011 2012 2013
Education Fund Expenditures; Per Year % Change
4161
4249
4799
5046
5260
5312
5531 5554
5778
6236
6376
6580
6721
8270
FY 12 Instructional Costs/Pupil
8164
8471
8700
8763
8888
8947 8970 8995
9215
10659
10711
10806
12904 12929
FY 12 Operational Expenses/Pupil
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Per Pupil Expenditure Comparison
Dunlap
Brim
Farm
Elm
IVC
Pville
IB
Lime
HS
Heights
150
95
86
157
145
167
108
242
142
170
119
322
245
250
264
270
292
313
348
389
434
484
562
0
100
200
300
400
500
600
03 04 05 06 07 08 09 10 11 12 13
Increased Enrollment Total Employees
Increased Student Enrollment Vs. Total Employees
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%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
% EAV Increase
03 04 05 06 07 08 09 10 11 12 13
Trend Data Model
Employees Enrollment
Cost Per Pupil EAV
The 2013 Levy
? In 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 Filed
Individual 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 Increase
? Debt Services
? Bonds sold to build new addition to the high School to
accommodate growth.
? IMRF/Social Security/Medicare
? Increased 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
? Leasing
? Technology 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 Filed
Individual 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 Levy
? Even 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 EAV
? Increased Lease Levy to help fund technology
? Salaries were rolled according to the July 2013 TA
with the DEA
? All other budget line items rolled at the current
FY 14 budget levels
Mitigating the $2.1 Million Deficit
? The 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 Revenue
Student 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 Reductions
Reduction 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 Cuts
? The additional $1,338,050 in cuts directly affect
staff and salaries
? Per 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
doc_472182647.pptx
? Share Financial Outlook of the District
? Share Levy Information
? Receive public comment
Revenue Sources
Expenses by Object
4.7%
4.6%
10.1%
8.2%
10.8%
11.2%
5.1%
12.8%
5.3%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
2005 2006 2007 2008 2009 2010 2011 2012 2013
Education Fund Expenditures; Per Year % Change
4161
4249
4799
5046
5260
5312
5531 5554
5778
6236
6376
6580
6721
8270
FY 12 Instructional Costs/Pupil
8164
8471
8700
8763
8888
8947 8970 8995
9215
10659
10711
10806
12904 12929
FY 12 Operational Expenses/Pupil
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Per Pupil Expenditure Comparison
Dunlap
Brim
Farm
Elm
IVC
Pville
IB
Lime
HS
Heights
150
95
86
157
145
167
108
242
142
170
119
322
245
250
264
270
292
313
348
389
434
484
562
0
100
200
300
400
500
600
03 04 05 06 07 08 09 10 11 12 13
Increased Enrollment Total Employees
Increased Student Enrollment Vs. Total Employees
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%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
% EAV Increase
03 04 05 06 07 08 09 10 11 12 13
Trend Data Model
Employees Enrollment
Cost Per Pupil EAV
The 2013 Levy
? In 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 Filed
Individual 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 Increase
? Debt Services
? Bonds sold to build new addition to the high School to
accommodate growth.
? IMRF/Social Security/Medicare
? Increased 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
? Leasing
? Technology 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 Filed
Individual 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 Levy
? Even 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 EAV
? Increased Lease Levy to help fund technology
? Salaries were rolled according to the July 2013 TA
with the DEA
? All other budget line items rolled at the current
FY 14 budget levels
Mitigating the $2.1 Million Deficit
? The 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 Revenue
Student 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 Reductions
Reduction 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 Cuts
? The additional $1,338,050 in cuts directly affect
staff and salaries
? Per 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
doc_472182647.pptx