2018-2019 PROPERTY TAX REPORT CARD

KINGSTON CITY SCHOOL DISTRICT Budgeted Budgeted Percent

2017-2018 2018-2019 Change
(A) (B) (C)
Total Budgeted Amount, not including Separate Propositions $169,581,541 $175,032,027 3.21%
1
A. Proposed Tax Levy to Support the Total Budgeted Amount $101,414,442 $104,075,998 2.62%

B. Tax Levy to Support Library Debt, if Applicable $0 $0

C. Tax Levy for Non-Excludable Propositions, if Applicable² $0 $0
D. Total Tax Cap Reserve Amount Used to Reduce Current Year Levy, if
Applicable $0 $0
E. Total Proposed School Year Tax Levy (A+B+C-D) $101,414,442 $104,075,998

F. Permissible Exclusions to the School Tax Levy Limit $2,836,669 $3,353,559

G. School Tax Levy Limit, Excluding Levy for Permissible Exclusions³ $98,864,666 $101,713,523

H. Total Proposed Tax Levy for School Purposes, Excluding Permissible Exclu- $98,577,773 $100,722,439
sions and Levy for Library Debt, and/or Permissible Exclusions (E-B-F+D)

I. Difference: (G-H) ; (negative value requires 60.0% voter approval)² $286,893 $991,084
Public School Enrollment 6,277 6,213 -1.02%
Consumer Price Index 2.13%

¹ Include any prior year reserve for excess tax levy, including interest.
² Tax levy associated with educational or transportation service propositions are not eligible for exclusion under the School Tax Levy Limit and
may affect voter approval requirements.
³ For 2018-2019, includes any carryover from 2017-2018 and excludes any tax levy for library debt or prior year reserve for excess tax levy,
including interest.

Fund Balance Actual Estimated

2017-2018 2018-2019

Adjusted Restricted Fund Balance $26,142,072 $21,000,000

Assigned Appropriated Fund Balance $2,000,000 $2,000,000

Adjusted Unrestricted Fund Balance $6,783,261 $7,001,281

Adjusted Unrestricted Fund Balance as a 4.00% 4.00%
Percent of the Total Budget

Schedule of Reserve Funds

3/31/18 6/30/18 Intended Use
Actual Estimated of Reserves 2018-2019
Reserve Name Balance Balance
Five million dollars of this fund will be allocated to par-
Capital Reserve $5,807,715 $5,811,707 tially fund three building improvement projects upon
voter approval.
To fund any payments to the State Unemployment In-
Unemployment Reserve $426,065 $426,581 surance Fund in excess of the amount budgeted.

Property Loss Reserve $100,451 $100,571 To pay any property loss claims that might be incurred.
Liability Reserve $100,436 $100,560 To pay any liability claims that might be incurred.
To pay for any Tax Certiorari claims, settlements or
Tax Certiorari Reserve $9,081,023 $9,085,923 court orders for which a Petition has been filed.
Employee’s Retirement System Allocate a portion of funds to offset tax levy resulting
Reserve $5,530,352 $5,534,004 from required retirement system contributions.