RIVER VALLEY SCHOOL DISTRICT JANUARY 2025 - PROJECTION FOR APRIL 2025 OPERATIONAL REFERENDUM REFERENDUM DETAILS - TABLE 1
2024-2025
Projected Deficit Fund Balance Remaining Deficit
2025-2026 2026-2027 2027-2028 $ 4,395,277 $ 5,175,292 $ 5,916,391 $ (245,277) $ (425,292) $ (716,391) $ 4,150,000 $ 4,750,000 $ 5,200,000
Notes
Includes $1M in reductions / Closure of ELC
Referendum Amount
4,150,000 $ 7.99
4,750,000 $ 5,200,000 8.65 9.34
-6.80%
8.63%
8.28%
8.00%
Fund Balance Beginning Percentage To Maintain School Based Tax Levy
2024-2025 44.15% 2.50%
2025-2026 41.65% 1.50%
2026-2027 40.15% 2.13%
2027-2028 38.03% 3.56%
Fund Balance Ending Percentage
41.65%
40.15%
38.03%
34.47%
Historical Tax Rates
2010-2011 $ 10.38
2011-2012 $ 10.23
2012-2013 2013-2014 $ 10.69 $ 11.19
2014-2015 $ 11.18
Historical Tax Rates
2015-2016 $ 10.78
2016-2017 $ 10.73
2017-2018 $ 10.04
2019-2020 $ 10.09
Projected Tax Rate, as of 01/03/2025 Percent Increase
$ 4,300,000 $ $7.35
FUND BALANCE DETAILS - TABLE 2
Average is $4.7M
~$100,000 = 0.5%
Fund Balance Policy between 25%-30%
HISTORICAL TAX RATES - TABLE 3
Historical Tax Rates $
2020-2021 9.65
$
2021-2022 9.38
$
2022-2023 8.05
2018-2019 $ 9.71
$
2023-2024 7.89
$
2024-2025 7.35