DISTRICT CODE: 630202 STATE AID 2005-06
DISTRICT NAME: NORTH WARREN DATE: OCT 24, 2009
EDITION NO. 3663
DISTRICT LAST UPDATED ON 10/23/09
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
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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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