DISTRICT CODE:  200701                                     STATE AID    2006-07     
DISTRICT NAME:  LONG LAKE                                  DATE:  NOV   9, 2012     
                                                           EDITION NO.     3753     
DISTRICT LAST UPDATED ON 11/08/12                                                   
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT                                     
                                                                                    
BUILDING FORMULA 4 AID OUTPUT REPORT(BLD4)                                          
                                                                                    
 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.                                                             
                                                                                    
     PURSUANT TO CHAPTER 58 OF THE LAWS OF 2006, BUILDING PROJECTS WITH             
     COMMISSIONER APPROVAL BY 12/31/05 AND INCLUDED IN THE ESTIMATES OF             
     2006-07 AID FOR THE ENACTED SA0607 COMPUTER RUN DATED 3/31/06, ARE             
     ELIGIBLE FOR AID IN 2006-07. FOR PROJECTS WITH COMMISSIONER                    
     APPROVAL BY 12/31/05 BUT WITHOUT NOTIFICATION OF A SIGNED CONTRACT             
     ON FILE WITH THE DEPARTMENT BY THE FEBRUARY 2006 DATABASE WILL BE              
     FIRST ELIGIBLE FOR AID IN 2007-08.                                             
                                                                                    
 CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
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 PART II: CALCULATION OF 2006-07 BUILDING AID ____________________________________________ 9. SELECTED 1999-00 BLDG AID RATIO MINUS 10% 0.000 10. 2006-07 RWADA AID RATIO 0.000 11. REVISED SELECTED 2006-07 BLDG AID RATIO (GREATER OF ENT 9 OR 10, MAX .950) 0.000 12. BLDG AID RATIO FOR LOW WEALTH AID ELIGIBLE DISTRICTS 0.000 13. 2006-07 BLD4 REVISED SELECTED BUILDING AID RATIO ENHANCED BY 10% INCENTIVE (MAX .950) 0.100 14. 2006-07 BLD4 10% INCENTIVE DECIMAL (ENT 13 - ENT 11) 0.100 15. HIGH NEEDS SUPPLEMENTAL BUILDING AID RATIO (HNSBAR) 0.000 16. SELECTED 2006-07 BUILDING AID RATIO BEFORE 10% PLUS HNSBAR 0.000 17. SELECTED 2006-07 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. AID RATIO BLD AID FOR ASSUMED DEBT SERVICE:PROSPECTIVE IF ENT 18 = 1 THEN ((ENT 2 - ENT 4) * ENT 16) ELSE ((ENT 2 - ENT 4) * ENT 11) 0 22. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE:PROSPECTIVE IF ENT 18 = 1 THEN (ENT 2 * (ENT 17 - ENT 16)) ELSE (ENT 2 * ENT 14) 0 23. AID RATIO AID FOR CAPITAL OUTLAY EXCEPTIONS IF ENT 18 = 1 THEN (ENT 1 * ENT 16) ELSE (ENT 1 * ENT 11) 0 24. 10% INCENTIVE AID FOR CAPITAL OUTLAY EXCEPTIONS IF ENT 18 = 1 THEN (ENT 1 * (ENT 17 - ENT 16)) ELSE (ENT 1 * ENT 14) 0 25. ADDITIONAL BLDG AID FOR LOW WEALTH SCHOOL DISTRICTS (ENT 4 * ENT 12) 0 26. TOTAL REGULAR BUILDING AID: AID RATIO AID (ENT 19 + ENT 21 + ENT 23 + ENT 25) 0 27. TOTAL REGULAR BUILDING AID: 10% INCENTIVE (ENT 20 + ENT 22 + ENT 24) 0 28. TOTAL REGULAR BUILDING AID INCLUDING 10% INCENTIVE (ENT 26 + ENT 27) 0 CLICK HERE FOR HNSBAR INFORMATION
PART III: CALCULATION OF 2006-07 REORGANIZATION INCENTIVE BUILDING AID ______________________________________________________________________ 29. TOTAL BUILDING EXPENSE REORGANIZATION INCENTIVE ELIGIBLE (ENT 3 + ENT 7 + ENT 8) 0 30. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE IF ENT 18 = 1 THEN (ENT 29 * ENT 17) ELSE (ENT 29 * ENT 13) 0 31. REORGANIZATION INCENTIVE DECIMAL (.25 OR .30) 0.00 32. UNCAPPED REORGANIZATION INCENTIVE AID (ENTS 30 * 31) 0 33. 95% (HNSBAR DISTRICTS 98%) OF THE TOTAL BUILDING EXPENSE ELIGIBLE FOR REORGANIZATION INCENTIVE IF ENT 18 = 1 THEN (ENT 29 * 0.98) ELSE (ENT 29 * 0.95) 0 34. MAXIMUM REORGANIZATION INCENTIVE AID (ENT 33 - ENT 30) 0 35. REORGANIZATION INCENTIVE BUILDING AID (LESSER OF ENT 32 OR ENT 34) 0 PART IV: NATIVE AMERICAN BUILDING AID PAYABLE DURING 2006-07 ______________________________________________________________ 36. NATIVE AMERICAN BUILDING AID 0

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