Hastings School District

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Hastings School District 200Truth In Taxation

• December 2009

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TAX LEVY CALENDARFor Taxes 2009 Payable
2010School Year July 1, 2010 June 30, 2011

• May 2009 Legislature sets
  school finance formulas.
• July 2009 Health and safety
  project applications are due.
• August 2009 Pupil projections and
  other school data necessary
  to complete initial levy run are due.
• August 2009 Date and location of levy
  hearing is set.
• September 2009 Schools receive initial levy
  limitation from MDE.
• September 2009 Certify proposed levy. (1)
• November 2009 County mails levy notices to
  property owners.
• December 2009 Public hearing on levy.
• December 2009 Certify final tax levy. (2)
• Except for new voter approved tax levies the
  final levy cannot exceed the proposed levy.
• The certification of the levy is a culmination of
  a five month process, which began the previous
  spring.

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FACTORS IMPACTING TAX LEVY

• ISSUES DRIVEN BY LEGISLATIVE DECISIONS
• Change in tax capacity rate.
• Laws impacting building or health and safety code
  compliance.
• 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.

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PROPOSED SCHOOL PROPERTY TAX LEVY

• 2008 pay 2009 2009 pay 2010
  change
• PROPERTY TAXES DETERMINED BY STATE LEGISLATION
• General Fund (excludes referendum) 2,804,679
  2,562,652 (242,027)
• Community Education and Services 467,293
  459,667 (7,626)
• TOTAL BASED UPON STATE LEGISLATION
  3,271,972
  3,022,319 (249,653)
• 
  
  -7.63
  
• PROPERTY TAX AUTHORITY PROVIDED BY LOCAL VOTERS
• Referendum Levy 7,402,895
  7,913,622 510,727
• TOTAL BASED ON VOTER AUTHORITY
  6.90
• DEBT REDEMPTION LEVY
• Voter Approved Building Bonds
  3,296,477 4,546,013
  1,249,566
• Alternative Facility Health and Safety
  371,481 360,826
  ( 10,655)
• TOTAL DEBT REDEMPTION LEVY
  3,667,928
  4,906,839 1,238,911
• 
  
  
  33.78
• TOTAL PROPERTY TAXES (before tax credits)
  14,342,796 15,842,780
  1,499,985
• Percent Increase in Tax Levy 10.46
• Tax Base (Adjusted Net Tax Capacity for
  District) 43,255,626
  42,243,317 (1,012,309)

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EXPLANATION OF LEVY CHANGES

• General
• Equity Revenue 87,302 3
  formulas prior year adjustments.
• Transition Revenue 892 Prior year
  adjustments.
• Reemployment 21,648 Prior
  year adjustment- est. to actual.
• Referendum 510,726 217,153
  -3 , 210,203 prior yr.
• Career Technical
  (6,147) Formula change to actual expenditures.
• Safe School Levy 2,993
  25,024-917.
• Operating Capital (14,968) ANTC decrease,
  decreases levy ratio.
• Abatements (1,211)
• Health Safety (299,520) 1,941-917, adj.
  projects not done.
• Lease Levy 37,422
  109,824 -917, 12,770- Ties.
• Deferred Maintenance (70,438) Ave
  bldg age decreased.
• Total Change General 268,699

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Explanation of Levy Changescontinued

• GENERAL-previous page 268,699
• COMMUNITY EDUCTION (7,625)
  Based on population.
• DEBT SERVICE 1,238,911
  New renovation bonds.
• TOTAL CHANGE 1,499,985
  10.46 increase
• VOTER APPROVED 1,760,293
• OTHER (260,308)

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BUDGET OVERVIEWJuly 1, 2009 June 30, 2010

• Revenues Expenditures
• General Fund 48,837,149 47,914,274
• Food Service 2,227,091 2,269,639
• Community Services 2,572,481 2,603,987
• Debt Service 3,667, 928
  3,752,363
• Trust Fund 501 163,150
• Excludes Irrevocable Trust F45
• TOTAL
  57,305,150 56,703,413

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WHERE DO OUR REVENUES COME FROM?

• State Aid 32,461,697
• Federal Aid 5,710,010
• Includes ARRA s
• Levy 14,062,840
• 10-11 will change to approx. 26
• Misc. Local 5,070,603
• Total 57,305,150

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WHAT DO OUR EXPENDITURES PAY FOR?

• Salaries/Benefits 39,242,956
• Purchased Services 7,808,572
• Debt Service 3,752,363
• Equip, Books, Bldgs 2,887,382
• Supplies 2,494,607
• Misc 516,533
• Total 56,703,413

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WHAT DO OUR EXPENDITURES PAY FOR?

• Administration 1,757,669
• District Support 1,302,972
• Elem. Sec. Reg. 23,686,424
• Vocational 567,652
• Special Education 7,660,986
• Community Education 2,567,302
• Instructional Support 2,776,930
• Pupil Support 6,485,358
• Sites Buildings 5,879,607
• Other Fixed Costs 3,855,363
• Other 163,150
• Total 56,703,413

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QUESTIONS OR COMMENTSCONTACT

• HASTINGS ISD 200
• DISTRICT OFFICE
• 1000 11TH ST WEST
• HASTINGS MN 55033
• [phone]
• Posted on District Web
• http//www.hastings.k12.mn.us/Property_Taxes2