DISTRICT CODE: 280204 STATE AID 2005-06 DISTRICT NAME: NORTH BELLMORE 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.NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE