SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2021
The following is a true copy from the record of orders entered by FAYETTE COUNTY BOARD OF EDUCATION on the 10th day of March 2020:
Column E Current Expense Levy
Certificate of Valuation Levy Taxes
Assessed Value for Tax Purposes Rate/$100 Levied
Class I
Personal Property $- 19.40 $-
Public Utilities – –
Total Class I – –
Class II
Real Estate 595,258,170 38.80 2,309,602
Personal Property 6,776,708 26,294
Total Class II 602,034,878 2,335,896
Class III
Real Estate 161,955,550 77.60 1,256,775
Personal Property 219,452,522 1,702,952
Public Utilities 254,289,558 1,973,287
Total Class III 635,697,630 4,933,014
Class IV
Real Estate 129,588,580 77.60 1,005,607
Personal Property 66,242,953 514,045
Public Utilities 59,334,837 460,438
Total Class IV 255,166,370 1,980,090
Total Assessed Valuation and Projected Gross Tax Collections
$1,492,898,878 $9,249,000
Less Allowance for Uncollectibles, Exonerations and Delinquencies 7.00% (647,430)
Less Allowance for Tax Discounts 2.00% (172,031)
Less Allowance for Tax Increment Financing – see worksheet
(Subtracted from regular current expense tax levy only) (22,162)
Net Projected Tax Collections, before allowance for Assessor’s Valuation Fund 8,407,377
Less – Allowance for Assessor’s Valuation Fund 2.00% (168,148)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $8,239,229
Note: Copies of all approved excess and/or bond levy orders and certified copies of the canvass of
votes must be on file with the State Auditor’s Office and the State Department of Education before
excess or bond levy rates can be approved.
SIGNED THIS 10th DAY OF MARCH, 2020, BY
Terry George SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2021
The following is a true copy from the record of orders entered by Fayette COUNTY BOARD OF EDUCATION on the 10th day of March 2020:
Excess Levy Permanent
Improvement
Levy Taxes Levy
Rate/$100 Levied Rate/$100
Class I
Personal Property 22.95 $- –
Public Utilities $-
Total Class I $-
Class II
Real Estate 45.90 2,732,235 –
Personal Property 31,105
Total Class II 2,763,340
Class III
Real Estate 91.80 1,486,752 –
Personal Property 2,014,574
Public Utilities 2,334,378
Total Class III 5,835,704
Class IV
Real Estate 91.80 1,189,623 –
Personal Property 608,110
Public Utilities 544,694
Total Class IV 2,342,427
Total Assessed Valuation and Projected Gross Tax Collections $10,941,471
Less Allowance for Uncollectibles, Exonerations and Delinquencies
7.00% (765,903) 7.00%
Less Allowance for Tax Discounts 2.00% (203,511) 2.00%
Less Allowance for Tax Increment Financing
See Worksheet P/I
Net Projected Tax Collections before Asessor’s Fund
Less – Allowance for Assessor’s Valuation Fund
Projected Net Taxes to be Collected $9,972,057
Total Projected Net Taxes from Regular and Excess Levies $18,211,286
SIGNED THIS 10th DAY OF MARCH, 2020, BY
Terry George SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
FAYETTE COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2021
The following is a true copy from the record of orders entered by Fayette COUNTY BOARD OF EDUCATION on the 10th day of March 2020:
Column C Current Expense Levy
Roll Back Levy Taxes
Value Form Rate/$100 Levied
Class I
Personal Property – 19.40 $-
Public Utilities – –
Total Class I – –
Class II
Real Estate – 38.80 –
Personal Property – –
Total Class II – –
Class III
Real Estate 2,697,240 77.60 20,931
Personal Property 436,245 3,385
Public Utilities – –
Total Class III 3,133,486 24,316
Class IV
Real Estate – 77.60 –
Personal Property – –
Public Utilities – –
Total Class IV – –
Total Value & Projected Revenue $3,133,485 $24,316
Less Allowance for Uncollectibles, Exonerations and Delinquencies 7.00% (1,702)
Less Allowance for Tax Discounts 2.00% (452)
Allowance for Tax Increment Financing 22,162
SIGNED THIS 10th DAY OF MARCH, 2020, BY
Terry George SECRETARY OF THE BOARD OF EDUCATION