Dunlap CUSD #323 2013 LevyBudget and Levy Information

December 18,20137:00 PM

Purpose of Levy InformationShare Financial Outlook of the District

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Revenue Sources

Expenses by Object

2005 2006 2007 2008 2009 2010 2011 2012 2013

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

4.7%4.6%

10.1%

8.2%

10.8% 11.2%

5.1%

12.8%

5.3%

Education Fund Expenditures; Per Year % Change

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Illin

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Dunla

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Canto

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Prin

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Mor

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Elmwoo

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Met

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a HS

Peor

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ts

Lim

esto

ne H

S

Peor

ia #

150

Was

hing

ton

HS

416142494799504652605312553155545778

6236637665806721

8270

FY 12 Instructional Costs/Pupil

Illin

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Farm

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Brimfie

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Elmwoo

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Dunla

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Canto

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Prin

ceville

Mor

ton

Met

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a HS

Peor

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ts

Lim

esto

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S

Was

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HS

Peor

ia #

150

816484718700876388888947897089959215

106591071110806

1290412929FY 12 Operational Expenses/Pupil

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

Per Pupil Expenditure Comparison

Dunlap

Brim

Farm

Elm

IVC

Pville

IB

Lime HS

Heights

150

03 04 05 06 07 08 09 10 11 12 130

100

200

300

400

500

600

95 86

157 145167

108

242

142170

119

322

245 250 264 270292

313348

389

434

484

562

Increased Enrollment Total Employees

Increased Student Enrollment Vs. Total Employees

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

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%

% EAV Increase

03 04 05 06 07 08 09 10 11 12 13

Trend Data Model

Employees EnrollmentCost Per Pupil EAV

The 2013 LevyIn 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 FiledIndividual 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 IncreaseDebt Services

Bonds sold to build new addition to the high School to accommodate growth.

IMRF/Social Security/MedicareIncreased 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

LeasingTechnology 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 FiledIndividual 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 LevyEven 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 EAVIncreased Lease Levy to help fund technologySalaries were rolled according to the July

2013 TA with the DEAAll other budget line items rolled at the

current FY 14 budget levels

Mitigating the $2.1 Million DeficitThe 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 RevenueStudent 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 ReductionsReduction 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 CutsThe additional $1,338,050 in cuts directly

affect staff and salariesPer 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)

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