1. December 13, 2010 Independent School District 196 Rosemount-Apple Valley-Eagan Public Schools Educating our students to reach their full potential

2. Agenda  Levy certification process  Basic school funding  2010 (Payable 2011) Levy Analysis

3. Levy Certification Process  Started in July/August – submission of data to Minnesota Dept. of Education  September – School Board set levy limit  November – County sent out proposed tax statements  December – Final levy certification by School Board

4. How Schools Are Funded  State determines funding formula

5. Basic Funding Formula History  02-03$4,601  03-04$4,601  04-05$4,601  05-06$4,783  06-07$4,974  07-08$5,074  08-09$5,124  09-10$5,124  10-11$5,124  11-12$5,124

6. How Schools Are Funded  State determines funding formula  Majority of revenue is determined by the number of students served in the district

7. October 1 Total Enrollments 2010 Actual, 2011-2015 Projected

8. How Schools Are Funded  State determines funding formula  Majority of revenue is determined by the number of students served in the district  Revenue = Formula x Pupils served Under current law formulated revenues are primarily paid by state aid

9. Source of Revenues – All Funds

10. How Are Local School Taxes Determined?  Voter determined Bond votes Operating levy votes  School Board decisions Authority is limited through legislation Special levy authority…Safe Schools Levy, Alternative Facilities Levy, Health and Safety Levy, etc.

19. How Will This Impact Taxes In The District 196 Community?

21. Questions?