Bemidji School District

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Bemidji School District 31Truth In Taxation
HearingTaxes Payable 2006

• December 5, 2005
• Presented by
• Chris J. Leinen
• Director of Business Services

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AGENDA (MN 275.065)

• Current Budget Discussion
• Taxes Payable 2006
• 2006 Proposed Levy Changes
• Public Comment

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Budget Discussion

• Multiple Fiscal Years
• FY 2004-2005 Audited Data
• FY 2005-2006 Projected Data
• FY 2006-2007 Development Data

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Budget and Tax Levy Adoption Calendar
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Budget Timeline For FY 2004-2005

• Spring 2004 Begin Planning
• Funding Estimates
• Enrollment Projections
• Staffing Allocations
• Staff Adjustments Initiated
• Summer 2004 Budget Adopted
• Fall 2004 Enrollment to State
• Spring 2005 Budget Revision
• Summer 2005 Fiscal Year Ends
• Winter 2005 (18 months Later)
• Enrollment Finalized
• Revenue Finalized (Sort Of)

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Enrollment History Graph
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Enrollment History Facts

• Highest ADM 5,614 (1996)
• Lowest ADM 4,640 (2005)
• Decline in ADM 10 years 974
• Decrease ADM 10 years 17

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REVENUE BY SOURCETOTAL 49,149,879
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EXPENSES BY OBJECTTOTAL 48,846,100
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EXPENSES BY PROGRAMTOTAL 48,846,100
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Expense Comparison
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Expense by Program Per Student (ADM)Source MDE
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FY 2005-2006General Fund Adopted Budget

• Revenue 44,182,175
• Expenses 45,356,314
• Deficit (1,174,139)

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PROPOSED TAX LEVY
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Taxes Payable in 2006

• Specific Levy Procedure
• Advance Notice to Taxpayers
• Public Hearings on Proposed Levies
• Taxing Authority
• State or Voters ONLY
• Variables Effecting Taxes
• Tax Class Rates
• Homestead Credits
• Market Value Fluctuation
• Up by 19 (Maximum)

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Valuation Increases Effect Property Taxes

• Three Year ANTC History
• 2002 18.5
• 2003 9.64
• 2004 19.0

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Equalization Formulas

• Help Districts with Low Valuations Per Pupil
• Determined by State
• Examples Debt Service, Operating Referendum,
  Capital Outlay, Equity
• Local Property Taxes Increase Automatically if
• Valuation increases
• Enrollment decreases
• Formulas Changed by State

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Tax Levy History

• 2004 6,353,306.98
• 2005 6,985,531.50
• 2006 7,611,367.29

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Under Levy History

• 2004 1,071,108
• 2005 1,072,457
• 2006 1,072,215

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PROPOSED 2006 LEVY
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Proposed 2006 Levy

• General Fund 2,715,974.55
• Community Ed 318,587,92
• Debt Service 4,576,804.82
• Total Levy 7,611,367.29
• Change from 2005 625,835.79
• Percent Change 8.96

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LEVY CHANGES
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Changes in Current Levy

• General Fund Levy
• Up by 1,117,271.75 driven by Valuation Increase,
  Formula Changes by State and New State Levies
• Community Ed Levy
• Up by 24,491.61 State Levy
• Debt Service Levy
• Down by 515,927.57 due to Refinancing Facilities
  Bonds and Payoff of 1993 Refunding Bonds

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Final Levy Certification

• December 19, 2005
• 500 p.m.
• BHS Media Center
• 2900 Division Street, Bemidji

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Public Comment