1. INDEPENDENT SCHOOL DISTRICT No. 318
TRUTH IN TAXATION MEETING
TAXES PAYABLE YEAR 2016
BUDGET YEAR

5. PROPOSED LEVY
$ 10,384, Last Year = $10,284, Increase of $100, or .97%

6. LEVY BY FUND DEBT SERVICE (BLDG BONDS)
INITIAL DEBT SERVICE $ 3,047,152.50
REDUCTION DEBT EXCESS ,152.79
ABATEMENT ADJUSTMENT ,947.74
TOTAL $ 2,853,051.97
Levy spread on Net Tax Capacity, Major capital projects
Debt schedule ending in 2018

7. LEVY BY FUND GENERAL FUND Components EQUITY $ 647,913.60
TRANSITION ,386.94
OPERATING CAPITAL ,862.52
REEMPLOYMENT ,000.00
$ 300 REFERENDUM ,368.24
$ 212 LOCATION EQUITY 1,304,826.00
STUDENT ACHIEVEMENT ,605.79
SAFE SCHOOLS ,978.40
CAREER TECH ,499.20
HEALTH & SAFETY ,218.03
LONG TERM FACILITIES ,202.81
BLDG/LAND LEASE ,035.04
TREE GROWTH ,070.62
ADJUSTMENTS ,302.33
TOTAL $5,138,228.80
Components are net prior years adjustments
Equity & Transition are spread on RMV the rest are NTC

8. LEVY BY FUND COMMUNITY SERVICE FUND Components
BASIC COMMUNITY EDUCATION $ 207,075.45
EARLY CHILDHOOD FAMILY ED ,496.24
SCHOOL AGE CARE ,000.00
TACONITE LEVY REPLACEMENT ,571.69
TOTAL $

9. LEVY BY FUND OPEB DEBT SERVICE – Other Postemployment Benefits
$ 2,393,363.08
Scheduled payments through 2025

10. RECAP LEVY BY FUND DEBT SERVICE $2,853,051.97
GENERAL – RMV 3,117,997.29
GENERAL – NTC 2,020,231.51
COMMUNITY SERVICE
OPEB DEBT SERVICE 2,393,363.08
TOTAL LEVY $10,384,643.85

12. Debt service schedule ending 2018, OPEB schedule ending 2025

16. Budget Information
Because approval of the budget lags certification of the tax levy by six months, the state requires only current year budget information be presented at this hearing.

22. District and Board Goals
District Strategic Aims
Board Goals
Highest Student Achievement
Effective and Efficient Systems
Partnership
Safe Environment
Continue to work on developing a plan to address facility plans.
Continue to strive to provide 21st Century Learning opportunities for all students of ISD 318.
To define and explore collaboration opportunities.
To identify needs in the area of mental health services for students and develop a plan to support additional student mental health needs.

23. Next Steps
Tonight – The public is invited and allowed to speak and to ask questions concerning the budget and proposed property taxes.
After closing the public hearing tonight, the School Board will consider the information and vote on the final certified tax levy payable in 2016, at their December 21, 2015 meeting.