DISTRICT CODE:  200701                                     STATE AID    2005-06     
DISTRICT NAME:  LONG LAKE                                  DATE:  APR  15, 2014     
                                                           EDITION NO.     6575     
DISTRICT LAST UPDATED ON 04/14/14                                                   
NOTE: DATA DISPLAYED ARE PROJECTED EXPENSES FOR 05-06 AID                           
                                                                                    
BUILDING AID OUTPUT REPORT (BLD4-EST)                                    PAGE 1     
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2006-07 AID                             
 ______________________________________________________                             
                                                                                    
 A.  CAPITAL OUTLAY EXPENSES                                                        
                                                                                    
      1. CAPITAL OUTLAY EXCEPTION EXPENSES                                          
                     (PROJECTS < 100001, EMERGENCY, SMALL CITY)             0       
                                                                                    
 B.  AIDABLE DEBT SERVICE EXPENSE FOR 2006-07 AID                                   
                                                                                    
      2. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE*                         0       
      3. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG                           
         INCENTIVE ELIGIBLE                                                 0       
                                                                                    
    *PURSUANT TO CHAPTER 383 OF THE LAWS OF 2001, ASSUMED DEBT                      
     SERVICE FOR PROJECTS APPROVED ON OR AFTER 12/1/01, OR WITH                     
     OBLIGATIONS FIRST ISSUED ON OR AFTER 12/1/01.                                  
                                                                                    
     BUILDING 4 EXPENSES ARE FOR BUILDING PROJECTS APPROVED ON                      
     OR AFTER 7/1/2005.                                                             
                                                                                    
     PLEASE NOTE THAT THE 2006-07 ASSUMED DEBT SERVICE PROSPECTIVE                  
     AMOUNTS INCLUDE PROJECTS APPROVED PRIOR TO JANUARY 1, 2006                     
     WITHOUT NOTIFICATION OF SIGNED CONSTRUCTION CONTRACTS TO SED.                  
     THIS ALLOWS THE 2006-07 BUILDING AID PROJECTIONS TO INCLUDE                    
     ALL THE PROJECTS THAT MIGHT POTENTIALLY GENERATE 2006-07 DEBT                  
     SERVICE PAYMENTS. THE INITIAL DEBT SERVICE PAYMENT FOR THESE                   
     PROJECTS WITHOUT SIGNED CONTRACTS WAS ASSUMED TO OCCUR 18                      
     MONTHS AFTER THE COMMISSIONER'S APPROVAL DATE. THEREFORE, THE                  
     CURRENT PROJECTION METHOD ASSUMES THAT THE CONTRACTS FOR ALL                   
     PROJECTS DESCRIBED ABOVE HAVE ALREADY BEEN SIGNED OR WILL BE                   
     SIGNED BY JUNE 30, 2007. HOWEVER, PURSUANT TO THE LAWS OF                      
     2006, TO BE ELIGIBLE TO RECEIVE AID IN 2006-07 THE PROJECT                     
     HAD TO HAVE A NOTIFICATION OF A SIGNED CONSTRUCTION CONTRACT                   
     ON FILE WITH THE DEPARTMENT BY THE FEBRUARY 2006 DATABASE.                     
                                                                                    
 C.  LOW WEALTH SCHOOL DISTRICTS                                                    
      4. 2006-07 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING                       
         PROJECTS**                                                         0       
                                                                                    
   **BUILDING 4 EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING               
     PROJECTS APPROVED ON OR AFTER 7/1/2005. PROJECTS APPROVED BY THE               
     VOTERS BETWEEN JULY 1, 2005 AND JUNE 30, 2007 ARE ELIGIBLE FOR THE             
     LOW WEALTH AID RATIO IF THE DISTRICT'S PUPIL WEALTH RATIO WAS                  
     GREATER THAN 2.5 IN 2000-01 AND THE ALTERNATE PUPIL WEALTH RATIO               
     WAS LESS THAN .85 IN 2000-01.                                                  
                                                                                    
 D.  LEASE EXPENSE                                                                  
                                                                                    
    NOTE: LEASES APPROVED ON OR AFTER 7/1/98 ARE ONLY ELIGIBLE                      
     FOR THE 10% INCENTIVE IF THEY ARE FOR A TERM OF MORE THAN                      
     5 YEARS.                                                                       
                                                                                    
      5. 2006-07 LEASE EXPENSE - NOT 10% ELIGIBLE                           0       
      6. 2006-07 LEASE EXPENSE - 10% ELIGIBLE                               0       
      7. 2006-07 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE                            
         NOT 10% ELIGIBLE                                                   0       
      8. 2006-07 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE                            
         10% ELIGIBLE                                                       0       
                                                                                    
 PLEASE NOTE:                                                                       
 THE INFORMATION PRESENTED ON THIS OUTPUT REPORT PRESENTS THE COMBINED IMPACT       
 OF THE FORMULAS GOVERNING THE SPECIFIED AID CATEGORIES, AS SET FORTH IN BOTH       
 THE APPROPRIATIONS PROPOSED BY THE EXECUTIVE AND ENACTED BY THE LEGISLATURE        
 AND THE ADDITIONAL APPROPRIATIONS ENACTED AS PART OF THE 2005-06 STATE BUDGET.     
                                                                                    

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