Ankeny Community Schools

Comparison of TIF Value as a Percent of Total Assessed Value


Cash Reserve
Levy $ Amount
Financial
Solvancy
Ratio
1981-82 $78,951 -10.54%
1982-83 $84,955 -10.00%
1983-84 $353,491 -7.22%
1984-85 $641,485 1.52% Board began 4 year plan to build cash reserve to 25% of Budget
1985-86 $808,505 7.89%
1986-87 $920,000 18.50%
1987-88 $906,000 23.66% End of 4 year cash reserve plan....Delayed State Aid payments begin
1988-89 $225,662 22.30%
1989-90 $100,000 17.29%
1990-91 $400,000 13.04%
1991-92 $300,000 9.83%
1992-93 $693,982 8.49% State Aid Reduction makeup
1993-94 $807,977 6.34% $542,000 for cash reserve the remainder for special ed. deficit
1994-95 $345,000 2.70% $281,374 for 93-94 special ed. deficit....Moody's cautions district on declining ratio
1995-96 $300,000 -0.49% Estimated special ed. deficit of $300,000
1996-97 $545,455 -0.66% $130,000 for cash reserve, $415,000 for Spec. Ed. deficit
1997-98 $913,572 0.28% $166,308 for growth, $350,000 workout, $397,264 for Spec. Ed. deficit
1998-99 $1,158,915 1.10% $210,368 for growth, $618,899 workout, $329,648 for Spec. Ed. deficit
1999-00 $1,180,380 $194,154 for growth, $608,381 workout, $377,845 for Spec. Ed. deficit
2000-01 $1,288,010 $258,371 for growth, $870,286 workout, $159,353 for Spec. Ed. Deficit

Note: Financial Solvancy Ratio is Undesignated Fund Equity on an accural basis divided by Total Revenue

 

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