DISTRICT CODE: 541102 STATE AID 2005-06
DISTRICT NAME: COBLESKL-RICHM DATE: JUNE 28, 2008
EDITION NO. 2669
DISTRICT LAST UPDATED ON 06/27/08
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT
BUILDING FORMULA 4 AID OUTPUT REPORT(BLD4)
PART I: AIDABLE BUILDING AID EXPENSES FOR 2005-06 AID
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A. CAPITAL OUTLAY EXPENSES
1. CAPITAL OUTLAY EXCEPTION EXPENSES
(PROJECTS < 100001, EMERGENCY, SMALL CITY) N/A
B. AIDABLE DEBT SERVICE EXPENSE FOR 2005-06 AID
2. 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE* N/A
3. 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG
INCENTIVE ELIGIBLE N/A
*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.
PURSUANT TO CHAPTER 57 OF THE LAWS OF 2005, BUILDING PROJECTS WITH
COMMISSIONER APPROVAL BY 12/31/04 AND INCLUDED IN THE ESTIMATES OF
2005-06 AID FOR THE ENACTED SA0506 COMPUTER RUN DATED 3/30/05, ARE
ELIGIBLE FOR AID IN 2005-06. FOR PROJECTS WITH COMMISSIONER
APPROVAL BY 12/31/04 BUT WITHOUT NOTIFICATION OF A SIGNED CONTRACT
ON FILE WITH THE DEPARTMENT BY THE FEBRUARY 2005 DATABASE WILL BE
FIRST ELIGIBLE FOR AID IN 2006-07.
C. LOW WEALTH SCHOOL DISTRICTS
4. 2005-06 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING
PROJECTS** N/A
**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. 2005-06 LEASE EXPENSE - NOT 10% ELIGIBLE 0
6. 2005-06 LEASE EXPENSE - 10% ELIGIBLE 0
7. 2005-06 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
NOT 10% ELIGIBLE 0
8. 2005-06 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
10% ELIGIBLE 0
PART II: CALCULATION OF 2005-06 BUILDING AID
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9. SELECTED 1999-00 BLDG AID RATIO MINUS 10% 0.725
10. 2005-06 RWADA AID RATIO 0.727
11. REVISED SELECTED 2005-06 BLDG AID RATIO
(GREATER OF ENT 9 OR 10, MAX .950) 0.727
12. BLDG AID RATIO FOR LOW WEALTH AID ELIGIBLE DISTRICTS N/A
13. 2005-06 BLD4 REVISED SELECTED BUILDING AID RATIO
ENHANCED BY 10% INCENTIVE (MAX .950) 0.827
14. 2005-06 BLD4 10% INCENTIVE DECIMAL (ENT 13 - ENT 11) 0.100
15. HIGH NEEDS SUPPLEMENTAL BUILDING AID RATIO (HNSBAR) 0.000
16. SELECTED 2005-06 BUILDING AID RATIO BEFORE 10% PLUS
HNSBAR 0.000
17. SELECTED 2005-06 BUILDING AID RATIO + HNSBAR ENHANCED
BY 10% INCENTIVE (ENT 16 + .100, MAX .980) 0.000
18. HNSBAR DISTRICT INDICATOR (1 = YES) 0
19. AID RATIO AID FOR LEASE EXPENSE
IF ENT 18 = 1 THEN ((ENT 5 + ENT 6) * ENT 16) ELSE
((ENT 5 + ENT 6) * ENT 11) 0
20. BLDG AID FOR LEASE EXPENSE ELIGIBLE FOR 10% INCENTIVE
IF ENT 18 = 1 THEN (ENT 6 * (ENT 17 - ENT 16)) ELSE
(ENT 6 * ENT 14) 0
21. TOTAL REGULAR BUILDING AID: AID RATIO AID (ENT 19) 0
22. TOTAL REGULAR BUILDING AID: 10% INCENTIVE (ENT 20) 0
23. TOTAL REGULAR BUILDING AID INCLUDING 10% INCENTIVE
(ENT 21 + ENT 22) 0
CLICK HERE FOR HNSBAR INFORMATION
PART II: CALCULATION OF 2005-06 REORGANIZATION INCENTIVE BUILDING AID
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24. TOTAL BUILDING EXPENSE REORGANIZATION INCENTIVE
ELIGIBLE (ENT 7 + ENT 8) 0
25. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE
IF ENT 18 = 1 THEN (ENT 24 * ENT 17) ELSE
(ENT 24 * ENT 13) 0
26. REORGANIZATION INCENTIVE DECIMAL (.25 OR .30) 0.30
27. UNCAPPED REORGANIZATION INCENTIVE AID (ENTS 25 * 26) 0
28. 95% (HNSBAR DISTRICTS 98%) OF THE TOTAL BUILDING
EXPENSE ELIGIBLE FOR REORGANIZATION INCENTIVE
IF ENT 18 = 1 THEN (ENT 24 * 0.98) ELSE
(ENT 24 * 0.95) 0
29. MAXIMUM REORGANIZATION INCENTIVE AID(ENT 28 - ENT 25) 0
30. REORGANIZATION INCENTIVE BUILDING AID
(LESSER OF ENT 27 OR ENT 29) 0
PART IV: NATIVE AMERICAN BUILDING AID PAYABLE DURING 2005-06
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31. NATIVE AMERICAN BUILDING AID 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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