2017 TAX LEVY PUBLIC HEARING Lisbon Public School District #19
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: $ 330,207
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: $ 310,411
2017-18 Est. ppfp
* LPS Finance Goal – Maintain 15% General Fund Balance = $ 1,119,696 2017-18 Budget Budget Summary Est. Fund Balance Est. Revenues: $ 7,156,554 Prelim. Budget $ 7,464,643 --------------- 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
General Fund Est. Revenue 2017-18
General Fund Budget for 2017-18
MILL LEVY HISTORY 2013 2014 2015 2016 Est. 2017 TOTAL LEVIED # MILLS $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 $17,441,304
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 $ 17,441,304 Mills Levied in Previous Tax Year Proposed Mill Levy for Present Tax Year General 59.84 60.00 Technology 11.97 Miscellaneous Fund 12.00 Transportation 0.00 HS Tuition Judgment Asbestos Remodeling Alternative Ed Special Reserve 2.99 3.00 Special Assessment 0.10 Building 17.95 20.00 Sinking and Interest 2.00 1.56 Other Bonding Judgment Bonding 57-15.17.1 Bonded Debt TOTAL Mills Levied 94.75 96.66
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 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%