Minooka School District 201 Finance Committee January 22, 2009

1. Minooka School District 201Finance CommitteeJanuary 22, 2009 Land Site/Facilities Fees, 2008 Levy, & Facilities Update Presented by Al Gegenheimer, Superintendent

2. January 22, 2009 - Agenda • Welcome • Purpose of Committee • Cass Wennlund – Ethan Properties • School Finance 101 - Land/Facilities Fees • Discuss 2008 Levy • Facilities Progress • Set Next Meeting Date • Adjourn at 8:00 P.M.

3. Purpose of Committee • Education: The committee will learn about School Finance and the critical issues confronting the school community. • Feedback: The committee will provide feedback to the Board and administration. • Advisory: The committee will serve as an advisory committee to the Board of Education.

4. Cass Wennlund • Ethan Properties • Senior development • Assisted Living • Condominiums

5. Land/Site/Facilities Fees • Fee schedules for • Channahon • Minooka • Shorewood • Joliet • Density tables

6. What is a Tax Levy? • A Tax Levy is a request in dollars for each of the school district’s funds made to the county clerk (in Kendall, Will and Grundy Counties) to cover those expenditures in the school district’s budget that are not covered by: • Local Revenue (other than property taxes, book fees, lunch fees) • State Revenue (State Aid, grants) • Federal Revenue (NCLB, National School Lunch Program, other federal grants)

7. What must the District’s strategy be in setting its levy? • We must “Maximize our Levy” • Whether to “Maximize our Levy” is not an option. We must! • Loss of tax rate • Loss of revenue

8. Hope is not a strategy.

9. Why must the District maximize its levy? • District has projected deficits in the coming years (due to increased operating costs associated with opening two new buildings). • Minooka CCSD 201 gets very little funding from other sources (State - nearly bankrupt, Federal – not far behind state). • The District must maximize its levy in order to payoff its accumulated deficit and fund current expenditures.

10. We must be guided by the data “Without good data we move forward with our eyes closed.”

11. Extensions and Tax Rates2001-2003

12. Extensions and Tax Rates2004-2006

13. Extensions and Tax Rates2007 and 2008

14. Proposed Increase for 2008 26.10%

15. Our Challenge • When we make our levy we do not know our assessed valuation – critical information. • We do not know the value of new property – critical information. • The proposed levy is our best “guess” • Attempt to maximize our limited tax rates by overstating the levy in these funds • Project conservatively in the non-limited funds to keep our total tax rate at ~$2.9000

16. Construction Update

17. Minooka Intermediate School July 2008

18. December 2008

19. December 2008

20. December 2008

21. December 2008

22. December 2008

23. December 2008

24. Jones Elementary School July 2008

25. December 2008

26. December 2008

27. December 2008

28. December 2008

29. Minooka Elementary School July 2008

30. December 2008

31. December 2008

32. December 2008

33. December 2008

34. Next Meeting Date • Topics • GSA • FY2009 Budget • Enrollments

35. Any questions? Thank you for your time.