DISTRICT CODE: 121702 STATE AID 2007-08
DISTRICT NAME: S. KORTRIGHT DATE: SEPT 27, 2008
EDITION NO. 1006
DISTRICT LAST UPDATED ON 09/26/08
NOTE: DATA DISPLAYED ARE PROJECTED EXPENSES FOR 08-09 AID
BUILDING AID OUTPUT REPORT (BLD4-EST) PAGE 1
PART I: AIDABLE BUILDING AID EXPENSES FOR 2008-09 AID
______________________________________________________
A. CAPITAL OUTLAY EXPENSES
1. CAPITAL OUTLAY EXCEPTION EXPENSES
(PROJECT < 100001, EMERGENCY, SMALL CITY) 0
B. AIDABLE DEBT SERVICE EXPENSE FOR 2008-09 AID
2. 2008-09 ASSUMED DEBT SERVICE: PROSPECTIVE* 0
3. 2008-09 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 WITH VOTER
APPROVAL ON OR AFTER 7/1/2005.
PLEASE NOTE THAT THE 2008-09 ASSUMED DEBT SERVICE PROSPECTIVE
AMOUNTS INCLUDE PROJECTS APPROVED PRIOR TO JANUARY 1, 2008 FOR
WHICH A NOTIFICATION OF A SIGNED CONTRACT WAS ON FILE WITH THE
DEPARTMENT BY THE NOVEMBER 2007 DATABASE.
CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
4. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR
THE INITIAL 2008-09 AID PAYMENT IN JULY 2008** 0
5. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR
THE INITIAL 2008-09 AID PAYMENT IN JULY 2008, REORG
INCENTIVE ELIGIBLE 0
6. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR
THE INITIAL 2008-09 AID PAYMENT IN JULY 2008*** 0
7. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR
THE INITIAL 2008-09 AID PAYMENT IN JULY 2008, REORG
INCENTIVE ELIGIBLE 0
**PURSUANT TO CHAPTER 57 OF THE LAWS OF 2007 REGARDING THE 2007-08
ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2008-09
AID PAYMENT IN JULY 2008 ARE EXPENSES FOR BUILDING PROJECTS WITH
COMMISSIONER APPROVAL BY 12/31/06 AND NOTIFICATION OF A SIGNED
CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER
THE NOVEMBER 2006 DATABASE BUT BEFORE THE NOVEMBER 2007 DATABASE.
***PURSUANT TO CHAPTER 57 OF THE LAWS OF 2007 REGARDING THE 2006-07
ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2008-09
AID PAYMENT IN JULY 2008 ARE EXPENSES FOR BUILDING PROJECTS WITH
COMMISSIONER APPROVAL BY 12/31/05 AND NOTIFICATION OF A SIGNED
CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER
11/15/06 AND BEFORE 7/1/07.
C. LOW WEALTH SCHOOL DISTRICTS
8. 2008-09 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING
PROJECTS**** 0
****BUILDING 4 EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING
PROJECTS WITH VOTER APPROVAL BETWEEN 7/1/05 AND 6/30/07. 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.
9. 2008-09 LEASE EXPENSE - NOT 10% ELIGIBLE 0
10. 2008-09 LEASE EXPENSE - 10% ELIGIBLE 0
11. 2008-09 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
NOT 10% ELIGIBLE 0
12. 2008-09 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
10% ELIGIBLE 0
E. ENERGY PERFORMANCE CONTRACTS
13. 2008-09 EXPENSE FOR ENERGY PERFORMANCE CONTRACTS
PROJECTS* 0
*BUILDING AID EXPENSES FOR ENERGY PERFORMANCE CONTRACTS
THAT ARE NOT VOTER APPROVED ARE NOT ELIGIBLE FOR THE 10%
BUILDING AID INCENTIVE.
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