www.neogacommunityalliance.com. kristy buescher - who we are
TRANSCRIPT
www.neogacommunityalliance.com
Kristy Buescher
- Who We Are
Who We AreThe NCA was formed in 2014 by parents, grandparents, business owners, educators, and community leaders to
explore every option possible to maintain a strong, vibrant community.
State funding of education has declined to the point that the Neoga School District is projected to have a large deficit in its general education fund in 2015.
Given the dire circumstances, the NCA believes supporting a tax referendum is critical for Neoga to continue as a stand-alone school district.
Shawn Finney, CPA
- Financial Timeline Illinois State Board of Education
http://www.isbe.net/sfms/html/financial_archive.htm
Neoga School District - 2001 to 2005
•Reliant Energy challenges property tax rate
2001 2002 2003 2004 2005Begin Fund Balance $2,525,745 $2,979,527 $2,895,977 $3,358,487 $4,327,558
Total Revenues $5,449,941 $5,289,906 $5,704,600 $6,593,941 $6,141,477
Total Expenses $(4,996,159) $(5,373,456) $(5,422,636) $(5,624,870) $(5,568,269)
End Fund Balance $2,979,527 $2,895,977 $3,358,487 $4,327,558 $4,900,766
Surplus/(Deficit) $453,782 $(83,550) $462,510 $969,071 $573,208 Property Tax Rate 3.38 3.38 3.42 3.47 3.47
Neoga School District - 2006 to 2008
•2006: PTELL starts for the district, new local tax rates set•2007: District pays back funds to Reliant of $2.8M•2008: New tax rates set; State begins to pay back funds due to Reliant change
2006 2007 2008Begin Fund Balance $4,900,766 $5,378,275 $2,505,223
Total Revenues $6,131,370 $5,510,402 $7,492,925
Total Expenses $(5,653,861) $(8,395,132) $(6,502,539)
End Fund Balance $5,378,275 $2,505,223 $4,070,417
Surplus/(Deficit) $477,509 $(2,873,052) $1,565,194 Property Tax Rate 4.58 3.71 3.43
Neoga School District - 2009 to 2010
2009 2010Beginning Fund Balance $4,070,417 $ 4,364,530 Total Revenues $6,681,668 $ 6,648,654 Total Expenses $(6,406,377) $(7,151,317)End Fund Balance $4,364,530 $ 3,861,907 Surplus/(Deficit) $ 294,113 $ ( 502,623)Property Tax Rate 3.43 3.46
•2009-2010: State funding for schools starts to decrease•2009-2010: Federal funds increase•2010: Geothermal & roof work begins on Neoga Schools
Neoga School District Federal Funding - 2001 to 2014
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Federal Funding
Federal Funding
Neoga School District - 2011 to 2014 2011 2012 2013 2014
Begin Fund Balance $3,861,907 $2,782,193 $1,540,744 $1,062,984
Total Revenues $6,790,440 $6,498,918 $6,826,360 $6,730,971
Total Expenses $(7,870,154) $(7,740,367) $(7,304,120) $(7,260,209)
End Fund Balance $2,782,193 $1,540,744 $1,062,984 $599,546
Surplus/(Deficit) $(1,079,714) $(1,241,449) $(477,760) $(463,438)Property Tax Rate 3.38 4.05 4.13 4.13
Neoga School District - 2009 to 2014
2009 2010 2011 2012 2013 20142,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000 Combined State and Federal Funds
Combined State and Federal Funds
Neoga School District - 2001 to 2014
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000 Ending Fund Balance By Year
Ending Fund Balance
Elementary School Closure
• BLDD Architects Inc, hired by the School Board• Elementary school had the lowest overall score• Combination of cuts and increased tax revenue needed• Estimated savings over the first five years of the closure is approximately $1M• School year 2015-2016;
• Pre K - 12• Housed in two buildings on one campus
• The Elementary School building will remain vacant but maintained at a cost of $16,000 per year• Future plans for Elementary School building?
Brian Titus - Tax Referendum Proposal
Why A Referendum Is Needed?
• Neoga Board of Education passed a motion to put a referendum on the ballot for the amount of $800,000.
• This amount is essential to bridge the gap between the existing shortfall of current revenue and expenses so the Neoga School District can operate in the black.
• The sustainability of our district will be directly and immediately impacted by the referendum decision on April 7th.
Property Tax Rates - 2014
School District2014 Base Tax
Rate Bond Rate 2014 Total
Tax Rate
Effingham 3.24 0.36 3.60Beecher City 3.41 0.33 3.74Windsor 3.78 0.00 3.78Teutopolis 3.32 0.46 3.78Cumberland 3.41 0.39 3.80Dieterich 3.44 0.53 3.97Altamont 3.41 0.70 4.11Neoga 3.27 0.86 4.13Stewardson Strasburg 4.23 0.43 4.66Mattoon 4.19 0.52 4.71
Estimated Property Tax Rates - 2015
Based on Referendum passing
School District2014 Tax Base
Rate Bond Rate2014 Total Tax
Rate
Effingham 3.24 0.36 3.60Beecher City 3.41 0.33 3.74Windsor 3.78 0.00 3.78Teutopolis 3.32 0.46 3.78Cumberland 3.41 0.39 3.80Dieterich 3.44 0.53 3.97Altamont 3.41 0.70 4.11Stewardson Strasburg 4.23 0.43 4.66Mattoon 4.19 0.52 4.71Neoga New proposed rate for 2015 4.48 0.86 5.34
Estimated Increase in Property Tax - 2015
Based on Tax Referendum passing
2014 Payments vs. 2015 Estimated Payments
2014 payments $1,000 $2,000 $3,000 $4,000 $5,000 $6,000
Estimated 2015 payments $1,171 $2,342 $3,533 $4,684 $5,855 $7,025
Average increase $171 $342 $513 $684 $855 $1,025
Examples of Options If A Referendum
Is Not Passed?•Consolidation• Consolidate – Casey-Westfield • Detachment/Annexation – Arthur-Lovington &
Atwood - Hammond• Deactivation – Rossville Alvin allowed to go to
Bismarck - Henning or Hoopeston Area•Dissolution/Annexation – West Richland (Noble) dissolved into
East Richland (Olney)
http://www.isbe.net/sfms/html/reorg_school.htm
Estimated Property Tax Rates Tax Referendum passes vs. Consolidation/Dissolution into other
districts
School District2014 Tax Base Rate Bond Rate
Borrow Future
Revenue2014 Total Tax Rate
Effingham 3.24 0.86 0.11 4.21Teutopolis 3.32 0.86 0.11 4.29Cumberland 3.41 0.86 0.11 4.37Beecher City 3.41 0.86 0.11 4.38Altamont 3.41 0.86 0.11 4.38Dieterich 3.44 0.86 0.11 4.41Windsor 3.78 0.86 0.11 4.74Mattoon 4.19 0.86 0.11 5.16Stewardson Strasburg 4.23 0.86 0.11 5.20Neoga Estimated proposed rate for 2015 4.48 0.86 - 5.34
2014 Payments vs. Estimated Future Options
Using a $3,000 Property tax bill2014 property tax bill $3,000
Effingham $3,032 Teutopolis $3,064 Cumberland $3,099 Altamont $3,101 Beecher City $3,101 Dieterich $3,113 Windsor $3,251 Mattoon $3,419 Stewardson Strasburg $3,438
Estimated 2015 bill if referendum passes $3,513
• April 7th is a significant date for the future of our school district & community.
• The landscape of our community will change.
• This will directly impact our entire community.
• What legacy are we beginning for our future generations?
Focus On The Future
Public MeetingMonday, March 16th
Questions?www.neogacommunityalliance.com
Thank YouDrive Home Safely
www.neogacommunityalliance.com