1. 2017 TAX LEVY PUBLIC HEARING
Lisbon Public School District #19

2. Building Fund – monies available
Beginning Balance
$ 201,381
Est. Revenue
+ 348,826
Transfer for Bond Payments
,000
Completion of Track Project - final payments
,000
AVAILABLE FOR OTHER PROJECTS:
$ 330,207

3. Special Reserve Fund – monies available
Beginning Balance
$ 291,092
Est. Revenue
+ 52,361
Transfer to General Fund – required by 2013 Legislature
,042
AVAILABLE FOR OTHER PROJECTS:
$ 310,411

4. Est. ppfp

8. * LPS Finance Goal – Maintain 15% General Fund Balance = $ 1,119,696
Budget
Budget Summary
Est. Fund Balance
Est. Revenues: $ 7,156,554 Prelim. Budget $ 7,464, Balance (Deficit) $ (308,089)
Beg Fd Bal.: $ 2,150,895 Est. Revenues: $ 7,156,554 Prelim. Budget $ 7,464, Est. Ending Fund Balance $ 1,842,806
* LPS Finance Goal – Maintain 15% General Fund Balance = $ 1,119,696

9. General Fund Est. Revenue 2017-18

10. General Fund Budget for 2017-18

11. 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

12. 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
Bonded Debt
TOTAL Mills Levied
94.75
96.66

13. 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%