Okay, I'd like to start out first. My name is Trisha Zachchek. I'm the director of finance for GSL public schools. Um this is the truth and taxation hearing um for the Gleno Silver Lake School District for taxes payable of 2026. Um here's our agenda. So, a little our
agenda, but we're first going to do a background on school funding, tax levies and budgets, information on the proposed pay 2026 levy, information on the district budget, and then public comments and questions at the end. If you do have a question during the middle
of it, please stop me and we can go through that question at that time as well. So, discussion of taxes payable 2026. Um the school district levy 2025 payable 2026 um levy is approved in 2025. The checks
are paid in 2026, but it's actually our revenue for the 2627 school year. Once the board approves the levy, then we can start working on the revenue budget for the 2627 school calendar year. Since levy numbers do not change, we're able
to plug those in for the revenues. State a numbers do change. Um, so that's why we can't fully do um a full budget revenue. This kind of shows um unlike cities and counties, the school district has not set its budget when setting the tax
levy. Um because our fiscal year is July 1st through June 30th. Um we do our final budget always six months later. So the final budget is approved in June. um where cities and counties are kind of doing their budgets for this calendar
year for a physical year. Um ours goes a little different. This kind of shows what the levy process is. The county assessor determines the estimated market value to each property in the county by January 2nd. Then legislature sets the formula for the tax
capacity. This levy information determines how much of the tax will fall on different property types. Then it goes to the county auditor. They calculate the tax capacity for each parcel property. Determines the total tax capacity for the school district.
Then you go back down to legislature sets the formula which determines the levy limits. Then Minnesota Department of Education, which is MDE, calculates the detailed levy limits for each school district based on set formulas. Then you, the school board, adopts a proposed
levy in September, which we had just done. After the public hearing, which we're doing now, adopts the final levy in December. Then it goes back to the county auditors. It divides the final levy by the district's total capacity to determine the tax rate needed to raise
the property levy amounts, which goes to tax paid 2026, which is our school revenue for 2627. So on this proposed tax statement, everybody probably got theirs in November, kind of looked it over. This one is actually for our school egg land
that we have. Um a couple notes just kind of shows you your values and clear classifications. Um what your market value is, your taxable market value. Then if you have a credit, a big thing to notice is always about the truth and
tax taxation hearing information is always right here. Um city and townships normally don't have a truth and taxation meeting. They don't have to because they approved their budget in March. Um and then you can see down here we have the school um median information. One thing
to point out here um this is election statement. If we would have had um election bond this last November like we had done previous year, there would always be a little note here um just letting you know that this does not include the new bonding or referendums.
So when you get them in April um your amounts will change. Um the two bottom ones, the voter approved and other, those are the two things that we're going to go through tonight of how those calculations and formulas come about. Um
the school district land value actually decreased by 25,000 this year which is a 54 5.4% total tax decreased by 5.76%. Um when looking at ours for the county
um it actually decreased by 5.06% which is $106. And then Gleno Township because um the eggland is in a township and not in the city of Gleno that also decreased by 5.35 per percent which was um $17.54.
All right. So now the explanation of the levy certification. So this is going to be those two lines that I just showed you um on the tax statement. Um the first one is your voter approved levies. Um this is what RNV
is referendum market value. Um this one also includes our 10-year plan of where the voters um pay for dollars per pupil. Um that al is I think is going to be up in FY29. I think it is
>> talking about our operating levy. >> Yep. So then we would have to go back to the taxpayers. Um in 2023 though, legislation changed that school boards can renew an operating referendum levy one time um without voter approval. So
in the next couple years, we'll have to start talking on what we would like to do going forward if the board decides that they want to do them one time um or if we want to go to the voters. Kayla, >> does that have to be same dollar amount >> to renew >> to renew by the board? It's the same
dollar amount, but we also include the inflation factor in that. So, that also stays as well >> because that's already been approved, the inflationary factor. >> If we would want to increase the dollar amount or change anything else, then we would have to go to the voters.
>> And so then timelinewise, >> the last time that you would do this would be in November of 2028. However, if it doesn't pass at that time, if you're going for a vote, y >> then you have a whole year that you
would be without. So strategywise, if the board is deciding to raise and have the voters approve, you would want to probably go in May of some sort in case it fails,
then you would have another chance so that you wouldn't have a gap in funding. Does that make sense? >> Yeah. >> So you might want to do it a year ahead of time before it actually ends. >> You you could even potentially do it in the election of 2027. >> Yep. You know, if you do it during
election year, you ran with the election. If it's not an election year, then the district would have to do their own election. And that's what we had happened last time where I think it failed, then we had to have our own, right? >> The the operating levy.
>> Yeah, I think so. >> I have to remember trying to think back to it. Does anybody remember? >> The operating levy pass. >> The operating levy passed. The the last failed was the uh building bond and that was in 2011.
>> Nope. We had something when I first started here in 2019. That's why I think it was this it first failed in or we or we just had our own where it passed. I'll re I'll have to look back at that because that would make this the 10-year plan. This would be right for the 10
years. >> Yeah. We had something not pass or we ran something on our own. >> We ran it again and then it passed. >> Yes. And then it passed because I was on board as well. >> Yep. So I believe that's what this >> gap in funding. >> Yeah. No gap in funding. >> And I think this is what this this is
because of the 10-year plan that makes sense for the FY29 part. Oh, and then there's the deck service levy. Um those are for the new building bonds, the roof bond remodeling projects. Those are compared on the net tax capacity. Um uh those debts spreads
um or is all land. The other bucket of money um the other line I should say the other line on your tax statement is called the other local levy. Um other local levies are spread on net net tax capacity of all land. um which is your operating capital,
reemployment and safe schools, career and tech, building leases, community service, abatement bond, parking lot achievement and integration. Um the long-term facilities maintenance revenue is a spread on egg a modified tax capacity. Um amounts are determined by
state legislator and MDE voter approved levies are set by the board and then taken to the taxpayers for a vote whereas it is a set amount. um do not have levy amounts will be formula set by state legislators determined by your
property value and student enrollment. Um some of these reemployment is kind of more or less your unemployment. your LTFM when it is spread out by your egg modified net tax capacity. This
formula is reduced um by the egg land of 70%. So farmland isn't taxed at the 100%. >> And I I don't remember which is which, but um some of these it's like a couple
if I remember correctly have state aid to it, not just 100% local. and the if you have a state aid category that's connected to it. So you're getting the state of Minnesota that's ultimately helping supply that. That's something that you
don't want to ever reduce if you're going to reduce if that makes sense because you're getting um the whole state of Minnesota to help pay for it. And I don't remember which one. >> So you so I actually have that on a different sheet but we can I can show
you. But the safe schools levy is no aid. Career and tech is no aid. Um long-term facilities, there is state aid on that. Achievement integr integration, there is state aid on that, which we'll discuss here in a couple other slides.
Um so those also have the state aids >> and it's a good thing to have the state aid because it's not just your local people paying. It's the whole state of Minnesota. >> Correct. But if you reduce if any of them that have the state aid, if you reduce your levy amount, you're reducing
your state aid amount as well. >> Correct. Y. >> So this is just um when looking at the full levy sheet, if anybody wants a copy of it, I can send it to you. It is 39 pages long. Um so it is a lot of data to look at and just knowing to know where
to look, what numbers they have. Um but when looking at this the next couple slides, it's kind of a bigger factor in how the formulas are all used um from that levy sheet. Um so this is the total property and district. So we looks like
we had an increase of over all property of 10.3% or 258,520 or yeah 258,528,766. last year was a 17.8% increase. Um, so kind of when you was looking at that with the market values,
it's not as big of an increase as it has in the past. Um, especially when you're seeing, you know, it was a 400 million increase and now it's only a 200 million increase. Um, so when the formulas are figured out and taken out by market
values, you're not getting as much funding through the levy just because of the market values are not there. The next one is going to be the referendum market values excludes egg land and seasonal properties. So the first one was including all the eggland
um all property. This is excluding it. So this is more of just the residential and this was showing an increase of 1.7% of the current year. Um last year was only an increase of 9%.
Um the increase not as high could mean values are discre decreasing in market values residential home or commercial buildings. This is the net tax capacity. It's market values times class rates
established by legislators. Class rates are different based on classification of a property. So it would be residential, eggland, commercial. Um this was shown an increase of 6.6%. Um compared to last year which was an increase of 17.31%.
Adjusted net tax capacity is net tax net capacity which I just kind of showed you on the other slide um and divided by the sales ratio. Department of Revenue takes a look at the net tax capacity and divides it by our sales ratio. Sales ratio is the
number. They look at what houses are selling for and what they've been assessed at. So, they're trying to see how close our county assesses and determines the value of your property. So, the sales ratio for this year or for last year was 92.4 compared to 90.2% 2%
in 2023, 89 the year before, 94, and then 96. You can see kind of our co years. They're about the same as what they are now. Then the market's kind of dropped. So then how they assessed houses probably
wasn't as what they sold them for. >> If you're hitting 100%, that's >> you got a good county. >> That that's perfect. >> Yeah. 90% is the threshold. So if a county falls at 87, that's why they automatically adjust that 3% to get it
to 90. So then you have your egg modified adjusted net tax capacity. Um the district's adjusted net tax capacity values reduced by 70% of the value of class 2 agriculture land in the district. the house, garage, and one
acre of the farm is not included in the egg agriculture value. This calculation has the effect of making districts with a large eggland value eligible for increased LTFM aid. Um, so this year we're seeing an increase of 2.4%
um compared to last year of 18.7. Um, this is what they use to determine the um, LTFM funding. So now you take all those lovely big numbers in a 39 page sheet and you try to figure out how they came up with all
of your numbers. So this one is kind of showing you um how they figure out the LTFM revenue. Um, so what they're doing is taking the device >> the 2324 adjust
the actual adjusted pupil um, which is from 2324 that adjusted pupil is different from what an ADM is. Um, just so that way you know you're not looking at how many ADM is how many kids we have in the
building. So it makes it different. Um and then you have what we would have and then you have a state side. Um the state equalizer factors figures in your wave.
You have to figure out what ours would be then figure out what the state would be and then what they do is they take the better of it and then they times it by the equalizing factor. So with the 1 125.5% to get to the 17,000.
Then you're taking your levy ratio and you're taking the amount divided by your equalizer to get the percentages of what is your levy and what is your state aid. So that's what's shown in the bottom where the state aid would be 111,000 and then your levy would be 413,000 for
LTF revenue. But also remember this has a state aid factor where state aid goes by enrollment. So that can always fluctuate during the year of what you actually get depending on what your enrollment is. >> But in the end little over half a
million dollars in LPF. >> Correct. And that's pretty much what we've always received. So this one is the A credit. A credit is applied to all egg land in the district. Credits are given back to the property owner and that portion of the credit is
paid to the district from the state through the monthly state payments. Um, so looking here, I kind of put in 26 26s um, what the A credit would be just to show what the differences with now adding the roofing bond in. So the
639,000 estimated a credit, that's what landowners are kind of receiving is that credit. So they only pay 30% of the voter approved and then um we get the
state aid of the 70%. >> Trish, do you know if this is still dependent on whether or not the state of Minnesota is in a surplus and when it first started out it was this was when first introduced this it
was dependent on whether the state had a surplus. um I you know didn't know because now they're talking and all of a sudden they're talking um you know next next bianium there might not be a surplus and um I was just kind of
curious if that is still an effect or things evolve and things change um over the years because this is mostly due to for the rural um districts within the rural setting a lot of large angland because they had palms passing referend
items because the affected the property land value or the land people own land so much and I was just curious that I don't know I just know that the legislation um doesn't have to take action no more when it first started in
FY19 it was at 40% and then it did the creeping of this um 2019 2020 I think was 50 21 was 55 and then it went to 60 and now it's been Um, but I'm not sure on that. I'll have to check that.
>> Well, that's fine. >> Cuz you don't just don't know what's going to happen that >> that might be a change that we may see. Um, the reason why we don't know, so right now we're talking about all these, you know, the payables, the tax year,
and then the revenue for 2627. The reason I'm not showing you what the tax for or the revenue for 27 is is because we technically don't know what the revenue for 27 is is because they don't know till July. So, they're always kind of um behind. So, that's why we
don't know those far enough um amounts. Here is just a little history data of our resident districts. We always talk about enrollment um is decreasing where students are going all that when we look at data the last five years um we see
that our resident students also decrease as well it's not just gso school our residents are also decreasing um when I add kind of this up in the last 5 years it is a loss of 217 students
um when I look at the decrease from 2324 4. Compared to the previous year, it was a decrease of 38. When I look from last year to the previous year, it's a decrease of 53, but that's probably 38 students that were already in our district attending
elsewhere. Um, so it looks like that's a loss of 15 students um that may have moved into our district, continue to go someplace that they were attending or chose to go some other place. Also um operating the operating
referendum levy is based on resident districts not the school enrollment which brings me to the next slide which is our average daily membership. So this is um is different than the adjusted pupil unit. This is our average daily
membership. These are how many students that are in sitting in the seats at our school. Um so the black number is kind of showing you kind of a history of every December about this time how many students are here. The purple number is always um at the end of the school year
June 30th. Um so you can see last year and we expected 1391 when we did this and we ended up with 1376. Those numbers always fluctuate because depending on when you take your numbers you might have migrant families that
have moved. Um, prek, that's always an average. We prek is kind of the number for early childhood special ed. Um, which we don't get a full 80 for them. We only get a percentage of what their service hours are. So, we can never know
what the true number is. We could have 80 in there. We don't get the full 80. It's always just the average of their membership attendance. Um, when looking at this, this was a total loss of 248 total combined on the
bottom. Um, back to the adjusted pupil unit weight for the state funding. Um, the form allowance is different as well. K through six, you only get a 1.0. 7 through 12, you get a 1.2. So, you get a little bit more funding um for the 7th
through 12 students as you do for the K through six. So now the explanation of levy changes. These will be some changes from prior years um that will reflect our levy amounts. So the voter approved which is referendum equity local optional and
transition. So, this change is um a decrease of $78,74.97 when we're just talking about um the adjusted pupil unit, what we go to the voters for um for next year for 27. Yeah,
>> is 584. And then it includes our inflation rate of 1.0327%. Our inflation rate last year was 1.0243%. 0243%. Um so this year we have an increase of 16.46.
So our levy amount total revenue is 2,120,694 which is 93.867%. Our state aid would be 138,571 with a 6.133%. So this is the big topic of the night
explanation of levy changes. So Chris was just you know mentioned before about which one have aid and which ones don't. Um, so we kind of discuss did discuss that safe schools doesn't career and tech does not. This building lease and levy we were kind of just talking about too about the different centers
that we have. So we're part of the southwest cooperative and we have to pay a portion of their lease buildings and that has increased to $26,81. Um, I think the co-op did build their new building
in Marshall and I I might say that that's also included in this. I would definitely have to check now that I see this. But any of the buildings um that they lease or build because we're part of the co-op, we do have to pay a percentage of that. And that's what I
was talking about earlier about the next meeting that I would like to have a couple of you come to because they want to plan, you know, what's going to happen and how they're going to fund some of their buildings for the next 25 years or whatever. So last year was an increase of 21,000
um for the lease levy increase. So, it's not didn't make too much of a jump from last year's 5,000, but it's another it was a bigger increase of 26. But the biggest topic as the board has to decide is to do the full levy or
under levy. Um, in the past it has been talked about achievement and integration. So, this is our third year of achievement and integration unless we qualify again this year for next year, which we won't know yet. um achievement integration might go away.
>> In talking with the MDE about achievement in integration, it does not look like we will qualify. >> That doesn't mean that we can't partner with another school district to continue on with some of the programming, but the other district will have to like say
yes, we would like to have you be a part of it. And if you're going to do that with other school districts, they potentially could say, "We've got what we've got, so we don't necessarily want to partner." Um,
>> this is what gas. >> Yes. >> Yep. >> And officially, we won't know until January at some point in time when they get give us those numbers. But in talking, Dan and I were just talking a little bit about this here a couple of days ago and
uh we reached out to MDE to kind of talk a little bit about the the future and and they indicated that it doesn't necessarily look like our numbers are going to support this for us to be the the district and to reach out. We're the district and
we're partnering with Hutchinson right now. So we would have to then say what districts are in this program that are connected and touching us. If we want to stay in the program, we'd have to reach out to them to say, "Hey, can we join in?" And they would have the authority
whether to to say yes or no and they may already have their plan in place and that kind of stuff. So we'll we'll have to keep you posted. >> Those other districts would have to qualify though. >> They would have to qualify. Now, several
of them that are to the south of the, you know, cities that they've qualified for a number of years, they anticipate that they would do that again. we we'd never qualified, but just so happens now that our numbers aligned.
Um, and it just kind of was uh, and it was one of those things if you remember, and I don't know how much you wanted me to talk about it, but if you remember, that was one of those things that you had a whole year to say, hey, do we want to be in this program or not?
and under the advice of MDE, they they said you could do that, but there's a really good chance that your numbers are going to drop. And then if they drop now, you you're not involved in the program. And when you look at the opportunities that the programs give for kids,
they said you could jump into it right now, but if you jump into it right now, you're going to stay three years. You have to stay three years. That's we're now at the end of our three years because we did say we're going to do this. we're gonna we're gonna jump right in because there there was a there's
been a lot of really good things that has been happening with uh with this program. So, >> so with achievement integration um the end of year budget, so Dan just submitted um our last year's budget um
for this. Well, what we found out last year after Michelle had given this presentation, if you do not levy for achievement integration levy, your state aid is reduced. So, our state aid actually
reduced by almost $50,000. When Dan and Michelle first talked to the state, they were told, "Yep, nope. It doesn't affect your state aid. It doesn't affect your state aid." But come to find out, it actually did. >> And if you remember, we chose not to
take the state aid because it it was our way of trying to help the taxpayers. >> No, the levy >> or the the levy. We didn't take the local portion of it. We just took the state aid um because we were trying to make sure that our our taxes were as low as
possible and we still got enough revenue in to do some of the things that that our program was allowing us to do. >> Was that the levy you guys talked about this maybe a year ago? It's like $30,000 chose not to. >> Yep. It wasn't much, but it was like, hey, we can do this program with the
amount that we're getting from the state >> because we didn't we lost the aid. Correct. So, and I that was information that was kind of new as we we've gone, but we've still done everything that we're said we were going to do with the program.
Probably not. >> Yes. So, we still end up doing everything because of not knowing. So, without the ANI levy, it is a decrease of $119,94. With the ANI, it is a decrease of
$83,663. Even though our ANI program may end, this year is the third year because we've never levied it for the last two years, we're still able to levy it. Um, and so that is Yeah, that's about 30,000
$36,241 is just A and I. So that's the difference between the under levy or the full levy amount and that's what the board has to decide on which one you're going to do. >> Can you tell me exactly this achievement
achievement integration? I remember reading those field trips. What what else is being done with it? There's a lot of um >> or Dan >> Dan's salary is a big portion of that. And what he does is he spends a lot of time on individual um work with students
and meeting with them, keeping them on track to graduate, keeping on them with helping homework, um those types of things. So, that's where the meat and potatoes are of of what this program is doing is him working with students. Um, but there's also the opportunities for
giving students that would not necessarily have an opportunity to do um different types of field trips um to be able to do that. But you can't just take the kids that are um racially racially
isolated. You got to take them off. So that's a good thing because all of our students are benefiting for from some of these activities such as going to the I think they've gone to the Guthrie theater. They've taken tours to Mano State. Um
>> so actually it's just a couple weeks ago fifth grade went to the Grinch. >> The Grinch. >> So then it's you do it the schools have to do it together. So Hutch and Gleno do it together and families are not charged. This is all part of it. everything, the busing, all that is part
of the budgets that we um submit to MDE. Unlike just any other grade going to the roller skating rink, you know, the families have to pay kind of a fee every time. This does not have fees. So, what Dan kind of chooses is always has been second grade, fifth grade, eighth grade,
and 10th grade. Um 10th grade had gone to Bridgewater to do kind of a college visit with Hutchinson. I think second grade has gone to the children's museum in the past. Um, so he always tries to do something with those grades and keep it kind of with those grades. So that
way other students are affected by it by switching grades. Maybe one family got it last year, student benefited from it last year, now that student's benefiting from it again. So try to keep those same grades so that way it affects more um
kids. So this is a um community service. This is was a decrease of $6,26. Um looking at our population, our ECF population is down from 587 to 565.
Um, school readiness, um, is all aid. There's no local levy. UCF, there is a levy portion. Non-public is state aid. Um, preschool screening, um, there's a levy portion. And then
pack, um, we do get some levy. Um, there's required additional assistant. If if a student has required additional assistance, um, we can get some funding for that. But preschool cup house, the new one, um they are all um tuition based. So we get no state aid or levy
dollars from that. That revenue um is about $100,000. Um so the levy amount is 48,144 and the state aid is 51,984. Um that is the tax rate times um the
ENTC which is which is the adjusted net tax capacity. And then this is kind of a little review of our long-term debt voter approved. This is our building project which was 2015. It expires in uh physical year 45.
Um MDE has the debt schedules and we are required to levy 105% on whatever the bond payment is. Um the reasons why we do the 105% just in case of delinquent taxes, we're able to still um pay for
our bills with that buffer. Um and then it's adjusted at the end of the year. This is um adjusted debt excess of 113,000. Um and then there was an abatement adjustment of 940. Um that's how we got
the levy authority of 1.272567,000. The next one is going to be our new one that we just had 2025 and expires in um FY45, which is actually the same expiration date as our booking.
Um and so this is 670,000 for levy authority last year was 681. Again, this is also based on the bond debt schedule. Then we have the long-term debt of the non- voter approved. This one is done in FY29. Um this is the parking lot. This
had a decrease of 3362. Um last year ECLC, the early childhood learning center came off last year. Um so that is no longer part of the non- voter approved abatement bond is only used for parking
lots. Just as a reminder, if some of you remember this um is the debt service. This is pulled um from our audit. Shows our debt compared to state averages and similar in size. Um so you can kind of see that how we're you know
how we were. We're pretty steady. Now we got a new roofing project. So we did increase um but we don't know the other two numbers until audits are done. So then next year the 2425 will be moved over with the state and um similar to
size and then the new 2526 will be shown here. So this is just the pay levy history. Kind of see how um in the graph how it's kind of flatlined and stayed steady. it goes up and then it kind of goes back down to that stay steady again. Um that
increases because of our roofing bond project that you can see in pay 25. Um the pay 25 um is the roof bond um and under levied and did because we did not you um we did not um put in the
achievement integration levy. So um that's what's included in that one. And then just a little information on budget information. All school districts budgets are divided into separate funds. So these are the funds um that we have that we have kind of talked through
between auditors. Um when we I bring the budget to you for approval um the different ones that we have the general fund, food service, community service, the debt service, building trust, scholarships assigned a designated fund and then the student activity funds.
If you ever hear us talk about fund one and fund four, fund 10, that's what these numbers are that represent these numbers. >> Yeah. So, if you ever look at um the detailed payment that is sent with your word packockets, you might see the first digits depend on where these come from.
And it kind of actually does go in order. General fund is one, food service two, community service is four, debt is seven, building is six, trust and scholarships 18, um assigned and
designed fund is mostly in those or or one. And then student activities, you have a fun 10. Um and then you have a fund 21. The fund 21 are your um student activities that are more like your class like your FFA, the band, the class of
26, 27. and they all kind of have their own student activity where they have to have student signatures when they want to spend money. More student driven. That's what I'm trying to say. So, the next one is kind of just a breakout um of our revenues and
expenditures that you have seen. Um first two columns are the 2425 revenues and expenditures. The middle column is our actual fund balance at the end of June 30th. And then the next two is going to be the revenue and expenditure um of their
original budget that was approved by the board in June. So then you take all your revenues for 2425 and this kind of is a graph that shows you um how much revenue is in each of the funds. Again, your one, your two,
your four, your six, your seven, your 18, your 21. So you can kind of see that our general fund is where most of our revenue is. Um the construction fund that is that is higher than previous years just because we have the roofing bond. So that's why it's taken over a
little bit more than it would normally take. But in the years that will slowly also go down. Trisha, can you explain food service? So, do we actually get a separate revenue check for free lunches? Cuz
>> Yep. Looking at this, our expenditures are going to be higher than what our revenues are for food service. If I'm reading that right, says 1.24.
So, our expenditures were 1.247 and our revenue is 1.269. So our expenditures were less sir. So look at the red. >> Sorry, I'm looking at 25 26. >> Oh, you're on on the slide.
>> On the Yeah, got it. Okay. Not the graph slide. >> Yep. >> Um yes. So that does happen. Okay. >> So you can have a certain amount of fund balance. We are very exceeded over that fund balance, but that fund balance you
can only use on certain things. So, we started looking at um with the HVAC that's going to be going in for the roofing for next summer. Yeah. No, it's finished now, right? The HVAC. Yes, it is. We actually can code that now to
fund you and not use our roofing bond money. So, we were looking into um making that change because you have to have your fund balance at a certain amount. So our fund balance that we projected and approved was 19%.
>> Nope. So that's only for general fund. >> Okay. So you're talking food service balance for food service? >> Yes. Food service only. Yep. Got it. >> And it can only be used for food service. >> But HVAC falls in there. >> Yep. >> Interesting. >> That just happened.
>> It just actually happened. So there is a process. We do have to still get approved from MDE. It's still a process and stuff. Um, but it's been 10 years. There is having to be some um, upgrades. We've had a couple things that
have broken that they use every day to cook. Um, so there has been a little extra expenses, but it's not going to put us below a threshold in a negative and food service, no nothing. >> Got it. >> We ran the same issue where I first
moved in. Um we were told by the ME that we had to spend our balance out because we had accumulated funds. You know they were pretty thrifty or you know they and um otherwise if we didn't um they were going to withhold
>> funding from us so we're putting a new floor over. >> Yes. So >> but like you said we had to go through this whole process. Had to get the the process approved. We had to get the contractor approved and we had to do all that and We're doing that now in
December between Christmas and New Year 24. Said it had to be approved for by daily before that specific >> Yep. >> in a cappy cafeteria has to be in the kitchen um and stuff like that. >> And they want to say there might be some
changes now for cafeteria like tables and all that where it never used to be included. But I think they're finding out that school districts it's harder for them to spend money in there. You know, like we have seen inflation costs go up on food. Like we have seen the
rising prices, but we are still staying at that percent which we figure out after kind of during audit time is we figure out the formula to figure to see where we're at and then it's like, oh boy, if we're at this we get this increase again next year, this isn't
going to be good. So, how can we spend that down? Um, so upgrades, that type of stuff. We'll look at other things if need be. Um, but right now with couple things breaking, I think we're going to be able be able to spend that down a little bit and then we'll
look at it again next year. Thanks, Kayla, for asking that. All right, so this was the revenue. Then this is kind of the expenditures just kind of showing you the graph of what the expenses were. what it is. These graphs are just taking part of your the
previous um Excel kind of sheet and breaking it down to see where it is. So the summary for page 26 levying with including A and I leving would be 5,292,75,000
which is a decrease of 3.09%. If you um would not do the ANI, then it would be I have that switched around. >> Yeah, I do. I have that switched around.
So, if no ANI, it's 3.09 decrease. Um and with ANI, it's a 2.42% um decrease. So, it is a decrease to the taxpayers. No matter which way we go, there was a bigger increase. Um
now with what was just proposed at um with the LTFM bond that will not be until payable 20 26 payable 27. Um so it won't affect the taxpayers I
think until next year. So this is four statements of 2026. So it would not affect the taxpayers for another year of 2027, possibly 2028. So anything with that um LTFM bond will
not affect levy numbers right now. >> Any other questions? Come on. I know you have a lot. Thank you.