1. Foley Public Schools

2. Truth in Taxation Timeline 2012 Pay 2013 Levy for 2013-2014 School Year or FY2014

3. Truth in Taxation Law Began in 1988 Two steps for counties, cities and schools - Mail notice to each property owner with percentage increase/decrease in dollars - Truth in Taxation public hearing is required

4. Agenda School District Fund Information Presented Current Year Adopted Budget Presented Proposed Property Tax Levy Presented Percentage Increase/Decrease of Levy Discussed Opportunity for Public Inquiry Given

5. School District Funds General Fund Food Service Fund Community Education Fund Building Fund Debt Service Fund

6. Budget 2012-2013 Fund Description Projected Revenue Projected ExpendituresDifference 6/30/13 Fund Balance General $15,273,920$15,838,726($564,806)$6,600,118 Food Service $971,352$988,427($17,075)$237,750 Community Service $459,052$474,614($15,562)$67,700 Building Fund -0-$1,186,056($1,186,056)$1,453,276 Debt$3,095,797$2,951,850$143,947$5,863,497

7. General Fund Based on student enrollment Local operating levies Transportation Special Education Capital Health & Safety Federal Grants

8. End of the Year WADM’s

9. General Fund Departmental Expenses

10. General Fund Expenses by Category

11. Food Service Fund Based on Federal Grant of free/reduced lunch Based on student participation

12. Community Education Fund Based on the adult population in the District Early Childhood is based on the number of children under 5 years of age. Participation Fees

13. Building and Debt Service Funds Building Fund One Day Bond Bus Garage Project Debt Service Fund Based on Maximum Effort Loan through 2019 Pay the District’s Bond Payments

14. School District Levy 2012 Payable 2013 2013-2014 School Year

15. 2012 Payable 2013 Levy Voter ApprovedPay 2012Pay 2013Difference Learning Levy $ 292,371.90 $ 289,804.13 $ (2,567.77) Building Debt $ 2,980,616.15 $ 3,154,321.30 $ 173,705.15 Total Voter Approved $ 3,272,988.05 $ 3,444,125.43 $ 171,137.38

16. 2012 Payable 2013 Levy Other Local LeviesPay 2012Pay 2013Difference CAREER & TECHNICAL $ 35,552.36 $ 30,355.74 $ (5,196.62) SAFE SCHOOLS $ 60,863.40 $ 62,245.20 $ 1,381.80 HEALTH & SAFETY $ 34,369.73 $ 48,251.00 $ 13,881.27 OPERATING CAPITAL $ 128,586.28 $ 122,411.57 $ (6,174.71) TRANSITION LEVY $ 10,048.14 $ 9,873.18 $ (174.96) EQUITY LEVY $ 139,017.68 $ 137,112.05 $ (1,905.63) LEASE LEVY $ 11,664.78 $ 19,324.26 $ 7,659.48 DEFERRED MAINTENANCE $ 39,147.13 $ 42,322.63 $ 3,175.50 INTEGRATION $ 41,853.46 $ 45,314.35 $ 3,460.89 REEMPLOYMENT INSURANCE $ 36,234.58 $ 22,598.32 $ (13,636.26) ADJUSTMENTS $ (205.25) $ 103.49 $ 308.74

17. 2012 Payable 2013 Levy Other Local LeviesPay 2012Pay 2013Difference STANDARD COMMUNITY ED $ 63,467.78 $ 60,868.33 $ (2,599.45) EARLY CHILDHOOD $ 26,533.11 $ 26,020.95 $ (512.16) HOME VISITING $ 1,192.00 $ 1,160.00 $ (32.00) ADJUSTMENTS $ (22.07) $ 15.59 $ 37.66 Total Other Local Levies $ 628,303.11 $ 627,976.66 $ (326.45) TOTAL LEVY $ 3,901,291.16 $ 4,072,102.09 $ 170,810.93

18. Levy by Fund

19. Voter Approved vs. Other Levies

20. Total Levy Increase $170,810.93 or 4.38%

21. Causes of Property Tax +/- Changes in market values. Changes in class rates/history. Changes in state formula. Voter approved referendums.

22. Questions Opportunity for public inquiry.