DISTRICT CODE: 130200 STATE AID 2006-07 DISTRICT NAME: BEACON DATE: SEPT 27, 2008 EDITION NO. 1580 DISTRICT LAST UPDATED ON 09/26/08 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 2005-06 SPEC AID PAYABLE UNDER SUB 31A 2,118,043 2 2005-06 ADJUSTED TGFE (ST3, AT9999.0) 43,158,159 3 STATE SHARE RATIO (ENT 1 / ENT 2) 0.0490 4 MAXIMUM OPERATING BUDGET (1.0874 * ENT 2) 46,930,182 5 2006-07 GRAND TOTAL GENERAL FUND EXPS AND INTERFUND TRANSFERS (ST3,AT9999.0 EST) 48,281,550 6 SEL OPERATING BUDGET ( < ENT 4 OR ENT 5) 46,930,182 PART II: CALCULATION OF PRELIMINARY FORMULA AID ________________________________________________ 7 2005-06 REVS ST SOURCES NOT SPEC AID FOR SM CITY DISTS (ST-3, AT3999 - A3261) 17,138,548 8 2006-07 BUDGETED REVS ST SOURCES NOT AID FOR SM CITY DISTS (ST-3, AT3999 EST - A3261 EST) 18,850,445 9 DEDUCTION FOR STATE AID INCREASES (ENT 8 - ENT 7, MIN 0) 1,711,897 10 ADJ SEL OPERATING BUDGET (ENT 6 - ENT 9, MIN 0) 45,218,285 11 PRELIMINARY FORMULA AID (ENT 3 * ENT 10,RND) 2,215,696 PART III: CALCULATION OF MILLAGE DEDUCTION __________________________________________ 12 2003 ACTUAL VAL / 1000 1,260,591.909 13 2005-06 TOT PROP TAX LEVY ALL PURPS (ST3,81-14) 26,191,011 14 2005-06 TOT NONPROPERTY TAX REVENUES (ST3,AT1199) 0 15 TOT PROP & NONPROP TAXES (ENT 13 + ENT 14) 26,191,011 16 05-06 PROPERTY TAX LEVY FOR LIBRARY (ST3,81-08) 807,683 17 DEBT SERVICE FOR LIBRARY - GEN FUND (CALC #179) 0 18 DEBT SRV FOR LIBRARY - DEBT SRV FUND (CALC #180) 0 19 TOT DEBT SERV - PUB LIB (ENT 17 + ENT 18) 0 20 OTHER EXPENSES FOR PUBLIC LIBRARY (FORM F #150) 0 21 TOTAL AVAILABLE UNRES FUND BAL AS OF 06/30/06 (ST3,AT091) 1,229,682 22 ALLOWABLE 6% FUND BALANCE (ENT 2 * .06) 2,589,489 23 EXCESS FUND BALANCE (ENT 21 - ENT 22,MIN 0) 0 24 TOT DEDUCTIBLES FROM TAXES (SUM OF ENTS 16, 19, 20 & 23) 807,683 25 NET TAXES (ENT 15 - ENT 24, MIN 0) 25,383,328 26 TAX RATE PER $1000 FV (ENT 25 / ENT 12) 20.13 27 MILLAGE DEDUCT MULTIPLIER (18.28 / ENT 26) 0.90809 28 FULL VALUE MILLEAGE DEDUCTION (ENT 12 * ENT 27 * $0.40) 457,892 PART IV: CALCULATION OF AID PAYABLE FOR 2006-07 _______________________________________________ 29 FORMULA AID UNDER SUB 31A (ENT 11 - ENT 28, MIN 0) 1,757,804 30 SAVE HARMLESS PERCENT 0.90 31 SAVE HARMLESS AMOUNT (ENT 1 * ENT 30,RND) 1,906,239 32 GREATER OF FORMULA OR SAVE HARMLESS ( > ENT 29 OR ENT 31) 1,906,239 33 MAXIMUM AID ( .98 * ENTRY 3 * ENTRY 6) 2,253,588 34 SELECTED 2006-07 SMALL CITIES AID UNDER FORMULA (< ENTRY 32 OR ENTRY 33) 1,906,239 35 ACTUAL 2006-07 AID PAYABLE(ENT#1) (SAME AS 05-06) 2,118,043

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