Lisbon Public School District 19 Building Fund monies available Beginning Balance 712017 201381 Est Revenue 348826 Transfer for Bond Payments 20000 Completion of Track Project final payments ID: 648719
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2017 TAX LEVY PUBLIC HEARING
Lisbon Public School District #19 Slide2
Building Fund – monies available
Beginning Balance 7-1-2017
$ 201,381
Est. Revenue
+
348,826
Transfer
for Bond Payments
-
20,000
Completion of Track Project - final payments
-
200,000
AVAILABLE
FOR OTHER PROJECTS:
$
330,207Slide3
Special Reserve Fund – monies available
Beginning Balance 7-1-2017
$ 291,092
Est. Revenue
+ 52,361
Transfer to
General Fund – required by 2013 Legislature
- 33,042
AVAILABLE
FOR OTHER PROJECTS:
$
310,411Slide4
2017-18
Est.
ppfpSlide5Slide6Slide7Slide8
2017-18 Budget Budget Summary
Est. Fund Balance
Est. Revenues: $ 7,156,554
Prelim. Budget $ 7,464,643
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Balance (Deficit)
$ (308,089)
Beg Fd Bal.: $ 2,150,895
Est. Revenues: $ 7,156,554
Prelim. Budget $ 7,464,643 ---------------
Est. Ending
Fund Balance $ 1,842,806
* LPS Finance Goal – Maintain 15% General Fund Balance = $ 1,119,696
Slide9
General Fund Est. Revenue 2017-18Slide10
General Fund Budget for 2017-18 Slide11
MILL LEVY HISTORY
2013
2014
2015
2016
Est.
2017
TOTAL LEVIED
$1,232,490
$1,554,388
$1,558,595
$1,574,650
$1,685,902
# MILLS
84.79
98.92
94.75
91.53
96.66
TAXABLE VALUATION
$14,535,966
$15,712,620
$16,450,363
$17,203,343
$17,441,304Slide12
Zero Increase Mills - Valuation and Levy Information
Taxable Valuation
Valuation of New Land Growth in District
Previous Tax Year
$17,203,343
Present Tax Year
$70,839
Present Tax Year
$
17,441,304
Mills Levied in Previous Tax Year
Proposed Mill Levy for Present Tax Year
General
59.84
General
60.00
Technology
11.97
Miscellaneous Fund
12.00
Transportation
0.00
HS Tuition
0.00
HS Tuition
0.00
Judgment
0.00
Asbestos
0.00
Remodeling
0.00
Alternative Ed
0.00
Special Reserve
2.99
Special Reserve
3.00
Special Assessment
0.00
Special Assessment
0.10
Building
17.95
Building
20.00
Sinking and Interest
2.00
Sinking and Interest
1.56
Other Bonding
0.00
Judgment Bonding
0.00
57-15.17.1 Bonded Debt
0.00
TOTAL Mills Levied
94.75
TOTAL Mills Levied
96.66Slide13
Calculation of Zero Increase Number of Mills - NDCC 57-15-02.1
Previous Tax Year
Present Tax Year
Taxable Valuation
$
17,203,343
$17,441,304
Minus New Growth
$70,838.50
Taxable Valuation Excluding New Growth
$
17,370,466
Comparative Previous Mill Levy
94.75
Zero Increase Number of Mills
93.84
Property Tax Revenue
$
1,630,017
$
1,630,017
Proposed Mill Levy
96.66
Proposed Property Tax Revenue
$
1,685,903
Increase/(Decrease) in Dollars
$55,886
Percentage Increase for Public Hearing Notice
3.01%Slide14