DISTRICT CODE:  200701                                     STATE AID    2007-08     
DISTRICT NAME:  LONG LAKE                                  DATE:  NOV   8, 2012     
                                                           EDITION NO.     3324     
DISTRICT LAST UPDATED ON 11/07/12                                                   
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT                                     
                                                                                    
2007-08 FOUNDATION AID OUTPUT REPORT                                     PAGE 1     
                                                                                    
    PART I: CALCULATION OF 2007-08 FOUNDATION AID                                   
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     1. 2007-08 ADJUSTED FOUNDATION AMOUNT/PUPIL                                    
                                               (PART II ENT 7)       10,140.64      
     2. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION                                 
                                              (PART III ENT 3)       10,140.64      
     3. 2007-08 SELECTED FOUNDATION AID/PUPIL                                       
                           (GREATER OF 500 OR (ENT 1 - ENT 2))          500.00      
     4. 2007-08 SELECTED TAFPU FOR 0708 AID   (PART IV ENT 23)              74      
     5. 2007-08 TOTAL FOUNDATION AID           (ENT 3 * ENT 4)          37,000      
     6. 2006-07 TOTAL FOUNDATION AID BASE (FAB)   (FAB ENT 20)         224,348      
                                                                                    
     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) 28,155 9. 2007-08 SELECTED PHASE-IN FOUNDATION INCREASE (20% OF (MAX ENT 7 OR ENT 8)) 5,631 10. 2007-08 CALCULATED 2007-08 FOUNDATION AID (ENT 6 + ENT 9) 229,979 11. 2007-08 103% OF FAB (1.03 * ENT 6) 231,078 12. 2007-08 125% OF FAB (1.25 * ENT 6) 280,435 13. 2007-08 AID DUE MINIMUM 3% INCREASE (IF ENT 10 < ENT 11, THEN ENT 11 MINUS ENT 10, ELSE 0) 1,099 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) 231,078 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) 0.791 6. 2007-08 PUPIL NEED INDEX (PNI) (1 + EN%, MIN 1, MAX 2) 1.791 7. 2007-08 ADJUSTED FOUNDATION AMOUNT/PUPIL (AFA) (ENT 3 * ENT 4 * ENT 6) 10,140.64 PART III: SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION ______________________________________________________ 1. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION(A)(ENT 15) 91,972.79 2. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION(B)(ENT 29) 10,140.64 3. 2007-08 SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION (< OF ENT 1 OR ENT 2) 10,140.64 EXPECTED MINIMUM LOCAL CONTRIBUTION (A) _______________________________________ 4. 2003 ACTUAL VALUATION 360,705,844 5. 2004 ACTUAL VALUATION 362,134,295 6. 2007-08 TWO YEAR AVERAGE ACTUAL VALUATION 361,420,069 7. 2007-08 SELECTED ACTUAL VALUATION 361,420,069 8. TWFPU FOR 0708 AID 63 9. 2007-08 SELECTED AV PER TWFPU 5,736,826 10. 2007-08 LOCAL TAX FACTOR 0.016 11. 2004 ADJUSTED GROSS INCOME (AGI) 10,676,327 12. 2007-08 AGI PER TWFPU 169,465 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) 1.002 15. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION (A) (ENT 9 * ENT 10 * ENT 14) 91,972.79 EXPECTED MINIMUM LOCAL CONTRIBUTION (B) _______________________________________ 16. 2005-06 TOT WEALTH PUPIL UNITS (TWPU) 77 17. ACTUAL VALUATION (2004) PER TWPU 4,703,042 18. PUPIL WEALTH RATIO 11.019 19. PUPIL WEALTH RATIO * .5 5.509 20. ADJUSTED GROSS INCOME PER TWPU 138,653 21. ALTERNATE PUPIL WEALTH RATIO 1.015 22. ALTERNATE PUPIL WEALTH RATIO * .5 0.507 23. COMBINED WEALTH RATIO (ENT 19 + ENT 22) 6.016 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)) 0.000 28. 2007-08 STATE SHARING RATIO FOR TOTAL FOUNDATION AID (MAX ENT 24,25,26,27 MIN 0, MAX .900) 0.000 29. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION (B) (PART II ENT 7 * (1 - ENT 28) 10,140.64 PART IV: PUPIL COUNTS FOR FOUNDATION AID ________________________________________ 1. 2006-07 K-12 ENROLLMENT 67 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 386.852 5. BASE YEAR ENROLLMENT PER SQUARE MILE (ENT 1 / ENT 4) 0.173 6. 2007-08 SPARSITY FACTOR ((25 - ENT 5) / 50.9 MIN=0) 0.487 7. SPARSITY COUNT FOR 2007-08 AID (ENT 3 * ENT 1 * ENT 6) 32 LUNCH COUNT 8. 2003-04 K-6 FREE & REDUCED LUNCH APPLICANTS 10 9. 2004-05 K-6 FREE & REDUCED LUNCH APPLICANTS 7 10. 2005-06 K-6 FREE & REDUCED LUNCH APPLICANTS 8 11. 2003-04 K-6 ENROLLMENT 33 12. 2004-05 K-6 ENROLLMENT 23 13. 2005-06 K-6 ENROLLMENT 30 14. 2007-08 LUNCH COUNT (ENT 8 + ENT 9 + ENT 10/ENT 11 + ENT 12 + ENT 13) * ENT 1) 19 15. AGED 5-17 IN PUB SCH & FAMILY BELOW POVERTY 20 16. AGED 5-17 IN PUB SCH 95 17. 2007-08 CENSUS COUNT (ENT 1 * (ENT 15 / ENT 16)) 14 18. 2007-08 POVERTY COUNT((.65 * ENT 14) + (.65 * ENT 17)) 21 19. 2007-08 EXTRAORDINARY NEEDS COUNT ((.5 * ENT 2) + ENT 7 + ENT 18) 53 TAFPU 20. TAFPU BASED ON 05-06 SCHOOL YEAR DATA 73 TAFPU & TWFPU BASED ON 05-06 SCHOOL YEAR DATA
21. TAFPU BASED ON 04-05 SCHOOL YEAR DATA 75 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) 74 23. SELECTED TAFPU FOR 2007-08 FOUNDATION AID (MAX ENT 20 OR ENT 22) 74

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