SAHTAX DISTRICT CODE: 200701 STATE AID 2008-09 DISTRICT NAME: LONG LAKE DATE: JAN 30, 2018 EDITION NO. 4627 DISTRICT LAST UPDATED ON 01/29/18 NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT 2008-09 HIGH TAX AID OUTPUT REPORT (HTAX) PAGE 1 SELECTED HIGH TAX AID _____________________ 1. 2008-09 TIER 1 + TIER 2 + TIER 3 HIGH TAX AIDS (ENT 20 + ENT 24 + ENT 26) 202,087 2. 2007-08 HIGH TAX AID 100,000 3. 2008-09 ALTERNATE PUPIL WEALTH RATIO(APWR)(GEN ENT 47) 0.969 4. DUE MINIMUM FACTOR (IF APWR < 2.0 THEN 0.70 ELSE 0.50) 0.7 5. 2007-08 HIGH TAX AID X DUE MINIMUM FACTOR (ENTS 2 * 4) 70,000 6. SELECTED HIGH TAX AID (GREATER OF ENT 1 OR ENT 5) 202,087 DATA FOR ELIGIBILITY CALCULATIONS _________________________________ 7. INCOME WEALTH INDEX (IWI) (FA REPT PART III ENT 12 / 185100) 0.940 8. 2006-07 APPROVED OPERATING EXPENSE PER TAPU (STATE AVG = $10,650) (PUB ENT 3) 31,693 9. 2005 RESIDENTIAL TAX LEVY FROM OFFICE OF REAL PROP SVCS 1,176,230 10. 2005 ADJUSTED GROSS INCOME (AGI) 11,833,389 11. TAX EFFORT RATIO (ENT 9 / ENT 10) 0.09939 12. 2005 FULL VALUE PER TWPU (GEN ENT 36) 5,398,742 13. 2005 ADJUSTED GROSS INCOME PER TWPU (GEN ENT 40) 144,309 14. 2008-09 COMBINED WEALTH RATIO (CWR) (GEN ENT 43) 6.138 15. 2008-09 REGIONAL COST INDEX (RCI) 1.000 TIER 1 HIGH TAX AID ___________________ 16. ELIGIBILITY: IWI < 2.5 & AOE/TAPU > $10,650 & TAX EFFORT RATIO > .032 (1 = ELIGIBLE) (IF ENT 7 < 2.5 & ENT 8 > 10,650 & ENT 11 > .032 THEN 1 ELSE 0) 1 17. 2007 PUBLIC SCHOOL ENROLLMENT 64 18. 2008-09 STATE SHARING RATIO (SSR) (GEN ENT 54) 0.000 19. FORMULA TIER 1 AID: $450 * ENROLLMENT * SSR (450 * ENT 17 * ENT 18) 0 20. SELECTED TIER 1 AID: > TIER 1 FORMULA AID OR $100,000 (ENT 16 * MAX ($100,000 OR ENT 19) 100,000 TIER 2 HIGH TAX AID ___________________ 21. ELIGIBILITY: TAX EFFORT RATIO > .05 (1 = ELIGIBLE) (IF ENT 11 > .05 THEN 1 ELSE 0) 1 22. 2006-07 AOE / TAPU - $10,660 (ENT 8 - 10,660, MIN = 0) 21,033 23. HIGH TAX TIER 2 AID RATIO: 1 - (0.6 * APWR) (1 - (0.6 * ENT 3) MIN 0, MAX 1) 0.419 24. TIER 2 AID: ENROLLMENT * 0.181 * ENT 21 * HIGH TAX TIER 2 AID RATIO * RCI (ENT 17 * .181 * ENT 22 * ENT 23 *ENT 15 * ENT 21) 102,087 TIER 3 HIGH TAX AID ___________________ 25. ELIGIBILITY: (FV/TWPU)/(AGI/TWPU) > 4.620 & CWR < 6.0 & RCI > 1.3 (1 = ELIGIBLE) (IF ENT 12 / ENT 13 > 4.62 & ENT 14 < 6.0 & ENT 15 > 1.3 THEN 1 ELSE 0) 0 26. TIER 3 AID: ENROLLMENT * $52 * RCI (ENT 17 * 52 * ENT 15 * ENT 25) 0
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