DISTRICT CODE:  200401                                     STATE AID    2007-08     
DISTRICT NAME:  INDIAN LAKE                                DATE:  DEC  18, 2013     
                                                           EDITION NO.     3828     
DISTRICT LAST UPDATED ON 12/17/13                                                   
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT                                     
                                                                                    
2007-08 FOUNDATION AID OUTPUT REPORT                                     PAGE 1     
                                                                                    
    PART I: CALCULATION OF 2007-08 FOUNDATION AID                                   
    _____________________________________________                                   
                                                                                    
     1. 2007-08 ADJUSTED FOUNDATION AMOUNT/PUPIL                                    
                                               (PART II ENT 7)        9,534.80      
     2. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION                                 
                                              (PART III ENT 3)        8,600.38      
     3. 2007-08 SELECTED FOUNDATION AID/PUPIL                                       
                           (GREATER OF 500 OR (ENT 1 - ENT 2))          934.42      
     4. 2007-08 SELECTED TAFPU FOR 0708 AID   (PART IV ENT 23)             211      
     5. 2007-08 TOTAL FOUNDATION AID           (ENT 3 * ENT 4)         197,162      
     6. 2006-07 TOTAL FOUNDATION AID BASE (FAB)   (FAB ENT 20)         406,358      
                                                                                    
     2006-07 FOUNDATION AID BASE OUTPUT REPORT                  
7. 2007-08 TAFPU * SELECTED FOUNDATION AID MINUS FAB (MIN=0) (PHASE-IN OPTION 1) (ENT 5 - ENT 6) 0 8. 2007-08 12.55% OF FOUNDATION AID BASE (PHASE-IN OPTION 2) (.1255 * ENT 6) 50,997 9. 2007-08 SELECTED PHASE-IN FOUNDATION INCREASE (20% OF (MAX ENT 7 OR ENT 8)) 10,199 10. 2007-08 CALCULATED 2007-08 FOUNDATION AID (ENT 6 + ENT 9) 416,557 11. 2007-08 103% OF FAB (1.03 * ENT 6) 418,548 12. 2007-08 125% OF FAB (1.25 * ENT 6) 507,947 13. 2007-08 AID DUE MINIMUM 3% INCREASE (IF ENT 10 < ENT 11, THEN ENT 11 MINUS ENT 10, ELSE 0) 1,991 14. 2007-08 AID DEDUCT 25% MAX INCREASE (IF ENT 10 > ENT 12, THEN ENT 12 MINUS ENT 10, ELSE 0) 0 15. 2007-08 FOUNDATION AID PAYABLE (ENTS 10 + 13 + 14) 418,548 PART II: CALCULATION OF ADJUSTED FOUNDATION AMOUNT (AFA) ________________________________________________________ 1. 2007-08 FOUNDATION AMOUNT 5,258 2. 2007-08 PHASE-IN FOUNDATION PERCENT 1.0768 3. 2007-08 FOUNDATION AMT ADJUSTED BY PHASE-IN PERCENT (ENT 1 * ENT 2) 5,662 4. 2007-08 REGIONAL COST INDEX (RCI) FOR 2007-08 AID 1.000 5. 2007-08 EXTRAORDINARY NEEDS % (EN%)(EN COUNT/0607 ENR) 0.684 6. 2007-08 PUPIL NEED INDEX (PNI) (1 + EN%, MIN 1, MAX 2) 1.684 7. 2007-08 ADJUSTED FOUNDATION AMOUNT/PUPIL (AFA) (ENT 3 * ENT 4 * ENT 6) 9,534.80 PART III: SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION ______________________________________________________ 1. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION(A)(ENT 15) 23,758.36 2. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION(B)(ENT 29) 8,600.38 3. 2007-08 SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION (< OF ENT 1 OR ENT 2) 8,600.38 EXPECTED MINIMUM LOCAL CONTRIBUTION (A) _______________________________________ 4. 2003 ACTUAL VALUATION 371,664,535 5. 2004 ACTUAL VALUATION 412,495,246 6. 2007-08 TWO YEAR AVERAGE ACTUAL VALUATION 392,079,890 7. 2007-08 SELECTED ACTUAL VALUATION 392,079,890 8. TWFPU FOR 0708 AID 188 9. 2007-08 SELECTED AV PER TWFPU 2,085,531 10. 2007-08 LOCAL TAX FACTOR 0.016 11. 2004 ADJUSTED GROSS INCOME (AGI) 22,634,919 12. 2007-08 AGI PER TWFPU 120,398 13. 2007-08 STATE AVERAGE AGI PER TWFPU 169,000 14. 2007-08 INCOME WEALTH INDEX FOR LOCAL CONTRIBUTION (ENT 12 / ENT 13, MAX 2.0, MIN .65) 0.712 15. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION (A) (ENT 9 * ENT 10 * ENT 14) 23,758.36 EXPECTED MINIMUM LOCAL CONTRIBUTION (B) _______________________________________ 16. 2005-06 TOT WEALTH PUPIL UNITS (TWPU) 237 17. ACTUAL VALUATION (2004) PER TWPU 1,740,486 18. PUPIL WEALTH RATIO 4.077 19. PUPIL WEALTH RATIO * .5 2.038 20. ADJUSTED GROSS INCOME PER TWPU 95,505 21. ALTERNATE PUPIL WEALTH RATIO 0.699 22. ALTERNATE PUPIL WEALTH RATIO * .5 0.349 23. COMBINED WEALTH RATIO (ENT 19 + ENT 22) 2.387 24. STATE SHARING RATIO 1 (1.37 - (1.23 * CWR)) 0.000 25. STATE SHARING RATIO 2 (1.00 - (0.64 * CWR)) 0.000 26. STATE SHARING RATIO 3 (0.80 - (0.39 * CWR)) 0.000 27. STATE SHARING RATIO FOUNDATION AID ONLY (0.51 - (0.173 * CWR)) 0.098 28. 2007-08 STATE SHARING RATIO FOR TOTAL FOUNDATION AID (MAX ENT 24,25,26,27 MIN 0, MAX .900) 0.098 29. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION (B) (PART II ENT 7 * (1 - ENT 28) 8,600.38 PART IV: PUPIL COUNTS FOR FOUNDATION AID ________________________________________ 1. 2006-07 K-12 ENROLLMENT 187 2. 2006-07 LIMITED ENGLISH PROFICIENCY COUNT (FORM A ENT 73) 0 SPARSITY COUNT 3. 2007-08 K-12 INDICATOR 1 4. SQUARE MILES IN DISTRICT 265.380 5. BASE YEAR ENROLLMENT PER SQUARE MILE (ENT 1 / ENT 4) 0.704 6. 2007-08 SPARSITY FACTOR ((25 - ENT 5) / 50.9 MIN=0) 0.477 7. SPARSITY COUNT FOR 2007-08 AID (ENT 3 * ENT 1 * ENT 6) 89 LUNCH COUNT 8. 2003-04 K-6 FREE & REDUCED LUNCH APPLICANTS 23 9. 2004-05 K-6 FREE & REDUCED LUNCH APPLICANTS 23 10. 2005-06 K-6 FREE & REDUCED LUNCH APPLICANTS 22 11. 2003-04 K-6 ENROLLMENT 104 12. 2004-05 K-6 ENROLLMENT 97 13. 2005-06 K-6 ENROLLMENT 85 14. 2007-08 LUNCH COUNT (ENT 8 + ENT 9 + ENT 10/ENT 11 + ENT 12 + ENT 13) * ENT 1) 44 15. AGED 5-17 IN PUB SCH & FAMILY BELOW POVERTY 18 16. AGED 5-17 IN PUB SCH 187 17. 2007-08 CENSUS COUNT (ENT 1 * (ENT 15 / ENT 16)) 17 18. 2007-08 POVERTY COUNT((.65 * ENT 14) + (.65 * ENT 17)) 39 19. 2007-08 EXTRAORDINARY NEEDS COUNT ((.5 * ENT 2) + ENT 7 + ENT 18) 128 TAFPU 20. TAFPU BASED ON 05-06 SCHOOL YEAR DATA 211 TAFPU & TWFPU BASED ON 05-06 SCHOOL YEAR DATA
21. TAFPU BASED ON 04-05 SCHOOL YEAR DATA 206 TAFPU BASED ON 04-05 SCHOOL YEAR DATA
22. AVERAGE OF TAFPU BASED ON 0506 AND 0405 SCHOOL YEAR DATA ((ENT 20 + ENT 21) / 2) 208 23. SELECTED TAFPU FOR 2007-08 FOUNDATION AID (MAX ENT 20 OR ENT 22) 211

NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE