Board Report October 2025

PONTIAC TOWNSHIP HIGH SCHOOL DISTRICT NO. 90 NOTES TO FINANCIAL STATEMENTS JUNE 30, 2025

NOTE 6- LEGAL DEBT MARGIN The District is limited under the School Code to aggregate indebtedness in the amount of 6.9% of the equalized assessed valuation. Following is a computation of the legal debt margin at June 30, 2025:

Assessed Valuation - 2024 Tax Year

$ 347 011,889

Amount $ 23,943,820 (2,388,000) $ 21 555.820

Percent

Legal Debt Limitation (6.9% of Assessed Valuation) Bonded Debt - June 30, 2025 Legal Debt Margin

100.00% (9.97%) 90.03%

NOTE 7- PROPERTY TAXES The District's property tax is levied each year on all taxable real property located in the District on or before the last Tuesday in December. Property taxes attach as an enforceable lien on property as of January 1, and are payable in two installments on September 30 and October 15. The equalized assess valuations, tax rates, and extensions, and collections for the 2024, 2023, 2022, 2021, and 2020, tax levy years are as follows: 2024 2023 2022 2021 2020

Rate Setting EAV

$ 347,011,889 $ 320.094 997 $289 339 227 $272 044 565 $ 258 359,293

Tax Rates Educational

1.3245

1.3621

1.4084

1.4223

1.4454

Operations, Building & Maintenance

.2676 0000 .0520 .1848 .0383 .2142 .0084 .0046

.2894 .0000 .0560 .1652 .0416 .2461 .0088 .0021

.3016 .0000 .0583 .1903 .0463 .2722 .0092 0029

.3045 .0000 .1146 .2027 .0467 .2749 .0093 .0047

.3095 .0000 .1210 .2231 .0475 .2905 .0098 .0000

Bond & Interest

IMRF/Social Security

Transportation Tort Immunity

Special Education

Fire & Safety

Loss In Collection

2.1464

2.2459

2.2892

2.3797

2.4468

Extensions

Educational

$ 5,305,253 $ 4,359,850 $ 4,074,996 $ 3,869,344 $

3,734,222

Operations, Building & Maintenance Bond & Interest IMRF/Social Security

1,071,953

926,451

872,531

828,485

799,493

208,278 740,310 133,288 857,907 33,725 18,545

179,253 528,669 133,288 787,594 28,232 66,292

337,601 550,526 133,906 787,697 26,561

311,763 551,298 127,126 747,932 25,219

312,821 576,348 122,669 750,637 25,296

Transportation Tort Immunity

Special Education

Fire & Safety

Loss In Collection

8,333 12,759 8 597,534 $ 7.188,886 $ 6.792,151 $ 6,473.926 $

6.321.486 6,277 031

Net Tax Collections

$ 7.206,796 $ 6,728.972 $ 6.475,814 $

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