The document discusses the budget and property tax levy cycle for Williamsville C.U.S.D. #15. It outlines the budget calendar from May to December, which includes finalizing staffing projections, approving preliminary and tentative budgets, and holding public hearings. It also explains how property is assessed, equalized assessed valuations are determined, tax rates are calculated based on the levy, and how this all relates to establishing the district's budget.

1. BUDGET / LEVY CYCLE Williamsville C.U.S.D. #15 Dave Root, Superintendent October 22, 2007

6. HISTORY OF E.A.V.’S 7.4% $112,500,579 2006 7.3% $104,711,089 2005 2.7% $97,613,426 2004 6.0% $95,028,615 2003 4.4% $89,650,329 2002 2.5% $85,883,370 2001 4.6% $83,790,557 2000 6.3% $80,100,328 1999 8.0% $75,356,984 1998 5.0% $69,770,772 1997

7. ESTIMATE OF 2007 E.A.V. 2007 $120,000,000 (Represents at least an 7-8% increase)

8. HISTORY OF TAX RATES YR EAV Ed OM TNs IMRF SS WC TORT FPS Spec. Ed Bonds Total 4.6643 4.7123 4.7534 4.7472 4.7763 4.7866 0.9138 0.9380 0.9548 0.9389 0.9459 0.9390 0.0402 0.0400 0.0400 0.0400 0.0400 0.0400 0.0510 0.0500 0.0500 0.0500 0.0500 0.0500 0.1254 0.1433 0.1537 0.1578 0.1673 0.1747 0.0471 0.0500 0.0500 0.0500 0.0500 0.0500 0.0209 0.0239 0.0256 0.0263 0.0279 0.0263 0.1464 0.1671 0.1793 0.1842 0.1952 0.1842 0.2007 0.2000 0.2000 0.2000 0.2000 0.2000 0.5017 0.5000 0.5000 0.5000 0.5000 0.5000 2.6171 2.6000 2.6000 2.6000 2.6000 2.6000 112,500,579 104,711,089 $97,613,426 $95,028,615 $89,650,329 $85,883,370 2006 2005 2004 2003 2002 2001

12. Revenue Source of Funds for Schools Statewide Average Williamsville Local 55% State 36% Federal 9% Local 58% State 41% Federal 1%

13. REVENUE BY FUND (Average) EDUCATION 79.9% BUILDING 9.8% TRANSPORTATION 6.3% IMRF 2.8% SAFETY 0.6% W/CASH 0.6%

14. EXPENDITURES BY FUND (Average) EDUCATION 80.7% BUILDING 9.5% TRANSPORTATION 4.9% IMRF 2.7% SAFETY 2.2%

24. PROPERTY TAX BURDEN BY TYPE OF PROPERTY Averages for Central Illinois FARM 58.6% RESIDENTIAL 34% COMMERCIAL 5% RAILROAD 0.97% INDUSTRIAL 1.4%

27. Property Tax Extensions by Taxing the District SCHOOLS 57% COUNTIES 11% MUNICIPALITIES 17% OTHER 15% AVERAGE

29. TAX LEVY 2007 LEVY EXTENSION -------------------------------------------------------------------------------------------------------------------- = 2007 Tax Rate 2007 Equalized Assessed Valuation Example: District #15 (2007) = 5,247,364 = .046643 or $4.664 / $100 EAV 112,500,579

34. LEVY / EXTENSION Levy : The amount that we ask for from the taxpayers needed to run the school district. Extension: The amount of money we actually receive Balloon Levy: Ask for larger percent levy to be sure to capture all available dollars for the school. Although this does not increase any tax rates, it assures us that we are not leaving money on the table for the school district.

37. BUDGET / LEVY CYCLE Questions please contact Dave Root, Superintendent [email_address] or 566-2014