ST. REGIS SCHOOL DISTRICT #1 NOTICE OF INTENT TO INCREASE NON VOTED LEVIES MARCH 2023 The St. Regis School District is committed to financial transparency. As an essential part of its budgeting process, the St. Regis School District Board of Trustees is authorized by law to im- pose levies to support its budget. State law requires the District to provide notice of its intent to increase non-voted levies in the ensuing fiscal year. However, understanding the District's tax structure requires considering all levies - both voted and non-voted. This notice contains projections for all of the District's levies. TOTAL-ALL FUNDS USING PROJECTED TAXABLE VALUE: Fund General - BASE $ General-OverBASE $ Transportation $ Bus Depreciation $ Tuition $ Adult Ed $ Technology $ $ Flexibility $ Debt Service Building Reserve Permissive $ Building Reserve Voted $ Grand Total $ 2022-23 Actual Levies $ 250,906 353,046 228,891 112,660 27,629 16,415 19,770 30,000 1.039,317 Mills 51.48 $ 72.42 $ 46.95 $ 23.11 $ 5.67 $ 3.37 $ . 5569 $ $ 4.06 6.15 $ 213.21 $ $ $ 251,225 401,027 225,279 139,877 19,307 18,787 19,770 30,000 1.105,272 Mills 52.22 $ 83.36 $ 46.83 $ 29.08 $ 4.01 S 3.91 $ $ $ $ 4.11 $ 6.24 $ 229.76 $ 2023-2024 Projections Change S 319 47,981 (3,612) 27,217 (8,322) 2,372 65.955 Est Annual Tax Est Annual Tax Change Impact $100K Impact $200K home home Mills 0.74 $ 10.94 $ (0.12) S 5.97 $ (1.66) S 0.54 $ $ $ $ . 0.05 $ 0.09 $ 16.55 $ 1.00 $ 14.77 $ (0.16) S 8.06 $ (224) S 0.73 $ $ $ $ 0.07 $ 0.12 S 22.35 $ 2.00 29.54 (0.32) 16.12 (4.48) 1.46 . 0.14 0.24 44.70 This notice must also document the District's expected use of its Building Reserve State Major Maintenance levies and associated funding. This year, the District expects to use those proceeds to fund capital improvements as approved by the Board as well as operational costs of school safety. All estimates are based on the current year's taxable value with no increase, as required by state law. If the District's taxable value increases as expected, the mill and taxpayer cost increases will be less than presented here. These estimates are preliminary and changes are expected before the final budgets are set in August. Please contact the District Business Office at (406) 649-2311 if you have questions or need additional information. ST . REGIS SCHOOL DISTRICT # 1 NOTICE OF INTENT TO INCREASE NON VOTED LEVIES MARCH 2023 The St. Regis School District is committed to financial transparency . As an essential part of its budgeting process , the St. Regis School District Board of Trustees is authorized by law to im pose levies to support its budget . State law requires the District to provide notice of its intent to increase non - voted levies in the ensuing fiscal year . However , understanding the District's tax structure requires considering all levies - both voted and non - voted . This notice contains projections for all of the District's levies . TOTAL - ALL FUNDS USING PROJECTED TAXABLE VALUE : Fund General - BASE $ General - OverBASE $ Transportation $ Bus Depreciation $ Tuition $ Adult Ed $ Technology $ $ Flexibility $ Debt Service Building Reserve Permissive $ Building Reserve Voted $ Grand Total $ 2022-23 Actual Levies $ 250,906 353,046 228,891 112,660 27,629 16,415 19,770 30,000 1.039,317 Mills 51.48 $ 72.42 $ 46.95 $ 23.11 $ 5.67 $ 3.37 $ . 5569 $ $ 4.06 6.15 $ 213.21 $ $ $ 251,225 401,027 225,279 139,877 19,307 18,787 19,770 30,000 1.105,272 Mills 52.22 $ 83.36 $ 46.83 $ 29.08 $ 4.01 S 3.91 $ $ $ $ 4.11 $ 6.24 $ 229.76 $ 2023-2024 Projections Change S 319 47,981 ( 3,612 ) 27,217 ( 8,322 ) 2,372 65.955 Est Annual Tax Est Annual Tax Change Impact $ 100K Impact $ 200K home home Mills 0.74 $ 10.94 $ ( 0.12 ) S 5.97 $ ( 1.66 ) S 0.54 $ $ $ $ . 0.05 $ 0.09 $ 16.55 $ 1.00 $ 14.77 $ ( 0.16 ) S 8.06 $ ( 224 ) S 0.73 $ $ $ $ 0.07 $ 0.12 S 22.35 $ 2.00 29.54 ( 0.32 ) 16.12 ( 4.48 ) 1.46 . 0.14 0.24 44.70 This notice must also document the District's expected use of its Building Reserve State Major Maintenance levies and associated funding . This year , the District expects to use those proceeds to fund capital improvements as approved by the Board as well as operational costs of school safety . All estimates are based on the current year's taxable value with no increase , as required by state law . If the District's taxable value increases as expected , the mill and taxpayer cost increases will be less than presented here . These estimates are preliminary and changes are expected before the final budgets are set in August . Please contact the District Business Office at ( 406 ) 649-2311 if you have questions or need additional information .