DISTRICT CODE: 521200 STATE AID 2003-04 DISTRICT NAME: MECHANICVILLE DATE: APR 22, 2009 EDITION NO. 3756 DISTRICT LAST UPDATED ON 04/21/09 NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT SPECIAL STATE AID FOR SMALL CITY SCH DISTS OUTPUT REPORT (SMC) PAGE 1 PART I: CALCULATION OF SELECTED OPERATING BUDGET ________________________________________________ 1 2002-03 SPEC AID PAYABLE UNDER SUB 31A 98,918 2 2002-03 ADJUSTED TGFE (ST3, AT9999.0) 14,919,816 3 STATE SHARE RATIO (ENT 1 / ENT 2) 0.0066 4 MAXIMUM OPERATING BUDGET (1.0874 * ENT 2) 16,223,807 5 2003-04 GRAND TOTAL GENERAL FUND EXPS AND INTERFUND TRANSFERS (ST3,AT9999.0 EST) 15,138,136 6 SEL OPERATING BUDGET ( < ENT 4 OR ENT 5) 15,138,136 PART II: CALCULATION OF PRELIMINARY FORMULA AID ________________________________________________ 7 2002-03 REVS ST SOURCES NOT SPEC AID FOR SM CITY DISTS (ST-3, AT3999 - A3261) 8,257,985 8 2003-04 BUDGETED REVS ST SOURCES NOT AID FOR SM CITY DISTS (ST-3, AT3999 EST - A3261 EST) 8,300,768 9 DEDUCTION FOR STATE AID INCREASES (ENT 8 - ENT 7, MIN 0) 42,783 10 ADJ SEL OPERATING BUDGET (ENT 6 - ENT 9, MIN 0) 15,095,353 11 PRELIMINARY FORMULA AID (ENT 3 * ENT 10,RND) 99,630 PART III: CALCULATION OF MILLAGE DEDUCTION __________________________________________ 12 2000 ACTUAL VAL / 1000 351,331.813 13 2002-03 TOT PROP TAX LEVY ALL PURPS (ST3,81-14) 6,601,258 14 2002-03 TOT NONPROPERTY TAX REVENUES (ST3,AT1199) 0 15 TOT PROP & NONPROP TAXES (ENT 13 + ENT 14) 6,601,258 16 02-03 PROPERTY TAX LEVY FOR LIBRARY (ST3,81-08) 252,752 17 DEBT SERVICE FOR LIBRARY - GEN FUND (CALC #179) 0 18 DEBT SRV FOR LIBRARY - DEBT SRV FUND (CALC #180) 65,978 19 TOT DEBT SERV - PUB LIB (ENT 17 + ENT 18) 65,978 20 OTHER EXPENSES FOR PUBLIC LIBRARY (FORM F #150) 0 21 TOTAL AVAILABLE UNRES FUND BAL AS OF 06/30/03 (ST3,AT091) 1,211,815 22 ALLOWABLE 6% FUND BALANCE (ENT 2 * .06) 895,188 23 EXCESS FUND BALANCE (ENT 21 - ENT 22,MIN 0) 316,627 24 TOT DEDUCTIBLES FROM TAXES (SUM OF ENTS 16, 19, 20 & 23) 635,357 25 NET TAXES (ENT 15 - ENT 24, MIN 0) 5,965,901 26 TAX RATE PER $1000 FV (ENT 25 / ENT 12) 16.98 27 MILLAGE DEDUCT MULTIPLIER (18.39 / ENT 26) 1.08303 28 FULL VALUE MILLEAGE DEDUCTION (ENT 12 * ENT 27 * $0.40) 152,201 PART IV: CALCULATION OF AID PAYABLE FOR 2003-04 _______________________________________________ 29 FORMULA AID UNDER SUB 31A (ENT 11 - ENT 28, MIN 0) 0 30 SAVE HARMLESS PERCENT 0.82 31 SAVE HARMLESS AMOUNT (ENT 1 * ENT 30,RND) 81,113 32 GREATER OF FORMULA OR SAVE HARMLESS ( > ENT 29 OR ENT 31) 81,113 33 MAXIMUM AID ( .98 * ENTRY 3 * ENTRY 6) 97,914 34 SELECTED 2003-04 SMALL CITIES AID UNDER FORMULA (< ENTRY 32 OR ENTRY 33) 81,113 35 ACTUAL 2003-04 AID PAYABLE(ENT#1) (SAME AS 02-03) 98,918

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