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%
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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%
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27. Property Tax Extensions by Taxing the District SCHOOLS 57% COUNTIES 11% MUNICIPALITIES 17% OTHER 15% AVERAGE
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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
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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.
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37. BUDGET / LEVY CYCLE Questions please contact Dave Root, Superintendent [email_address] or 566-2014