Public hearing: 2016-2017 tax rate and budget Ryan Kahlden Assistant Superintendent of Business and Finance August 29, 2016

General fund revenues expenditures Tax Rate: $1.17 / $100 valuation Local: $39,842,820 State: $30,992,000 Federal/Other: $1,050,000 Total: $71,884,820 Payroll: $54,575,949 Cont. Svcs.: $4,828,107 Supplies: $3,658,408 Other: $2,463,596 Debt: $ 3,200,00 Total: $71,884,820

Interest & sinking fund Revenue expenditures Property Taxes: $12,677,696 Subsidy: $100,000 Total Revenues: $12,897,696 Debt Obligations: $15,953,531 General Fund: $3,200,000 I&S Fund: $12,753,531

Capital Projects Fund Budgeted Expenditures for 2016-2017: $60,000,000

Total Budgeted funds required to be adopted General Fund: $71,884,820 Interest & Sinking: $12,753,531 Capital Projects: $60,000,000 Child Nutrition: $3,928,554 Child Care Fund*: $222,673 Community Education*: $20,000 Total Budget: $148,809,578

Proposed Tax Rates 2015 (Current) Tax Rate: $1.5539 per $100 valuation 2016 (Proposed) Tax Rate: $1.5539 per $100 valuation $1.17 M&O Rate $0.3839 I&S Fund Rate

Public comments