|
DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION
SCHOOL FINANCE SECTION
FORMULA CALCULATIONS FOR DISTRIBUTION OF STATE SCHOOL MONEY
| DISTRICT NO. 112103 |
October 6, 2005 |
| 1. DISTRICT ENTITLEMENT |
A. EP * OPER LEVY (MAX 2.75) * GTB/100 * PRORATION FACTOR
929.27 * 2.750000 * 1,623.26 * 0.86935080 |
3,606,266 |
B. EP * OPER LEVY (ABOVE 2.75) * GTB/100 * PRORATION FACTOR
929.27 * 0.213387 * 1,623.26 * 0.81935080 |
263,735 |
LINE 1 TOTAL (LINE 1A + 1B)
|
3,870,001 |
| 2. DEDUCTIONS - PRIOR YEAR |
A. LESSOR OF 12/31/1994 AV OR AVG. DEC 31 AV * INCOME FACTOR * EQUAL OPER LEVY
17,529,037 * 0.8799 * 2.750000 |
424,154 |
B. AVG. 12/31 AV - 12/31/94 AV * INCOME FACTOR * EQUAL OPER LEVY
32,149,873 - 17,529,037 * 0.8799 * 2.750000 |
353,784 |
LINE 2 TOTAL (LINE 2A + LINE 2B)
|
777,938 |
|
3. INTANGIBLE TAXES (5114), FINES(5211), IN LIEU OF TAX (5116) (FUND 1 & 2) |
48,635 |
|
4. STATE ASSESSED RAILROAD AND UTILITY (5221) (FUND 1 & 2) |
75,953 |
|
5. FEDERAL PROPERTIES (5231) (FUND 1 & 2) |
0 |
|
6. FEDERAL IMPACT AID (5411) (FUND 1 & 2) - 50,000 * 90% |
0 |
|
7. PROPOSITION C (FUND 1 & 2) * .50 |
375,886 |
|
8. FAIR SHARE (FUND 1 & 2) |
24,037 |
|
9. FREE TEXTBOOK (FUND 1 & 2) |
80,067 |
|
10. TOTAL DEDUCTIONS (SUM OF LINES 2-9) |
1,382,516 |
BASIC FORMULA (LINE 1 - LINE 10)
|
2,487,485 |
14. FREE & REDUCED LUNCH - AT RISK
|
A. F & R LUNCH COUNT * FACTOR * GTB/100 * OPER LEVY (MIN 2.75) * PRORATION FACTOR
513.42 * .20 * 1,623.26 * 2.750000 * 0.86935080 |
398,491 |
B. F & R LUNCH COUNT * FACTOR * GTB/100 * OPER LEVY (ABOVE 2.75) * PRORATION FACTOR
513.42 * .30 * 1,191.63 * 0.213387 * 0.81935080 |
32,089 |
LINE 14 TOTAL (LINE 14A + 14B)
|
430,580 |
|
A. DISTRICT APPORTIONMENT (LINE 1 - LINE 10 + LINE 14) |
2,918,065 |
|
B. 2005-2006 DISTRICT APPORTIONMENT PER EP (INCLUDES LINE 14) |
3,140.16917 |
C. HOLD HARMLESS |
| OPTION I: |
| (1992-1993/EP) |
+ |
(LINE 14A + LINE 14B 2005-2006) |
|
(LINE 14 1997-1998) |
|
| |
|
------------------------------------------------ |
- |
----------------------------- |
|
| |
|
(EP 2005-2006) |
|
(EP 1997-1998) |
|
| 1396.10168 |
+ |
( 398,491 + 32,089) |
|
204,465 |
1,587.33171 |
| |
|
------------------------------------------------ |
- |
----------------------------- |
|
| |
|
929.27 |
|
751.37 |
|
| OPTION II: |
| (1992-1993/EP) |
+ |
(LINE 1 - LINE 10/EP 2005-2006) |
|
(LINE 14A 2005-2006) |
|
| |
|
------------------------------------------------ |
* |
----------------------------- |
|
| |
|
(EP 1992-1993) |
|
(EP 2005-2006) |
|
| 1396.10168 |
+ |
( 2,487,485 / 929.27) |
|
398,491 |
2,218.30268 |
| |
|
------------------------------------------------ |
* |
----------------------------- |
|
| |
|
1396.10168 |
|
929.27 |
|
|
D. 2005-2006 PAYMENT AMOUNT PER EP (INCLUDES LINE 14 PER EP) |
3,140.16917 |
E. 2005-2006 PAYMENT EP
|
929.27 |
|
F. BASIC FORMULA AND LINE 14 |
2,918,065 |
|
G. LESS LINE 14 (Revenue Code 5318) |
430,580 |
|
H. 2005-2006 BASIC FORMULA APPORTIONMENT (Revenue Code 5311)
| 2,487,485 |
APPORTIONMENT BASED ON 2ND YEAR PRIOR REGULAR TERM ADA AND CURRENT SUMMER SCHOOL
|
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