DISTRICT CODE: 500308 STATE AID 2007-08
DISTRICT NAME: PEARL RIVER DATE: AUG 23, 2008
EDITION NO. 920
DISTRICT LAST UPDATED ON 08/22/08
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) 7,789.54
2. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION
(PART III ENT 3) 5,608.46
3. 2007-08 SELECTED FOUNDATION AID/PUPIL
(GREATER OF 500 OR (ENT 1 - ENT 2)) 2,181.08
4. 2007-08 SELECTED TAFPU FOR 0708 AID (PART IV ENT 23) 3,104
5. 2007-08 TOTAL FOUNDATION AID (ENT 3 * ENT 4) 6,770,072
6. 2007-08 TOTAL FOUNDATION AID BASE (FAB) 3,546,106
2007-08 FOUNDATION AID BASE OUTPUT REPORT
7. 2007-08 TAFPU * SELECTED FOUNDATION AID MINUS FAB
(MIN=0) (PHASE-IN OPTION 1) (ENT 5 - ENT 6) 3,223,966
8. 2007-08 12.55% OF FOUNDATION AID BASE
(PHASE-IN OPTION 2) (.1255 * ENT 6) 445,036
9. 2007-08 SELECTED PHASE-IN FOUNDATION INCREASE
(20% OF (MAX ENT 7 OR ENT 8)) 644,793
10. 2007-08 CALCULATED 2007-08 FOUNDATION AID
(ENT 6 + ENT 9) 4,190,899
11. 2007-08 103% OF FAB (1.03 * ENT 6) 3,652,489
12. 2007-08 125% OF FAB (1.25 * ENT 6) 4,432,632
13. 2007-08 AID DUE MINIMUM 3% INCREASE
(IF ENT 10 < ENT 11, THEN ENT 11 MINUS ENT 10, ELSE 0) 0
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) 4,190,899
PART II: CALCULATION OF ADJUSTED FOUNDATION AMOUNT (AFA)
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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 1.314
5. 2007-08 EXTRAORDINARY NEEDS % (EN%)(EN COUNT/0607 ENR) 0.047
6. 2007-08 PUPIL NEED INDEX (PNI) (1 + EN%, MIN 1, MAX 2) 1.047
7. 2007-08 ADJUSTED FOUNDATION AMOUNT/PUPIL (AFA)
(ENT 3 * ENT 4 * ENT 6) 7,789.54
PART III: SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION
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1. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION(A)(ENT 15) 14,038.16
2. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION(B)(ENT 29) 5,608.46
3. 2007-08 SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION
(< OF ENT 1 OR ENT 2) 5,608.46
EXPECTED MINIMUM LOCAL CONTRIBUTION (A)
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4. 2003 ACTUAL VALUATION 2,037,543,758
5. 2004 ACTUAL VALUATION 2,151,265,076
6. 2007-08 TWO YEAR AVERAGE ACTUAL VALUATION 2,094,404,417
7. 2007-08 SELECTED ACTUAL VALUATION 2,094,404,417
8. TWFPU FOR 0708 AID 2,590
9. 2007-08 SELECTED AV PER TWFPU 808,650
10. 2007-08 LOCAL TAX FACTOR 0.016
11. 2004 ADJUSTED GROSS INCOME (AGI) 475,330,341
12. 2007-08 AGI PER TWFPU 183,525
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) 1.085
15. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION (A)
(ENT 9 * ENT 10 * ENT 14) 14,038.16
EXPECTED MINIMUM LOCAL CONTRIBUTION (B)
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16. 2005-06 TOT WEALTH PUPIL UNITS (TWPU) 3,187
17. ACTUAL VALUATION (2004) PER TWPU 675,012
18. PUPIL WEALTH RATIO 1.581
19. PUPIL WEALTH RATIO * .5 0.790
20. ADJUSTED GROSS INCOME PER TWPU 149,146
21. ALTERNATE PUPIL WEALTH RATIO 1.091
22. ALTERNATE PUPIL WEALTH RATIO * .5 0.545
23. COMBINED WEALTH RATIO (ENT 19 + ENT 22) 1.335
24. STATE SHARING RATIO 1 (1.37 - (1.23 * CWR)) 0.000
25. STATE SHARING RATIO 2 (1.00 - (0.64 * CWR)) 0.146
26. STATE SHARING RATIO 3 (0.80 - (0.39 * CWR)) 0.280
27. STATE SHARING RATIO FOUNDATION AID ONLY
(0.51 - (0.173 * CWR)) 0.280
28. 2007-08 STATE SHARING RATIO FOR TOTAL FOUNDATION AID
(MAX ENT 24,25,26,27 MIN 0, MAX .900) 0.280
29. 2007-08 EXPECTED MINIMUM LOCAL CONTRIBUTION (B)
(PART II ENT 7 * (1 - ENT 28) 5,608.46
PART IV: PUPIL COUNTS FOR FOUNDATION AID
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1. 2006-07 K-12 ENROLLMENT 2,674
2. 2006-07 LIMITED ENGLISH PROFICIENCY COUNT
(FORM A ENT 73) 50
SPARSITY COUNT
3. 2007-08 K-12 INDICATOR 1
4. SQUARE MILES IN DISTRICT 7.486
5. BASE YEAR ENROLLMENT PER SQUARE MILE (ENT 1 / ENT 4) 357.200
6. 2007-08 SPARSITY FACTOR ((25 - ENT 5) / 50.9 MIN=0) 0.000
7. SPARSITY COUNT FOR 2007-08 AID (ENT 3 * ENT 1 * ENT 6) 0
LUNCH COUNT
8. 2003-04 K-6 FREE & REDUCED LUNCH APPLICANTS 39
9. 2004-05 K-6 FREE & REDUCED LUNCH APPLICANTS 44
10. 2005-06 K-6 FREE & REDUCED LUNCH APPLICANTS 46
11. 2003-04 K-6 ENROLLMENT 1,178
12. 2004-05 K-6 ENROLLMENT 1,204
13. 2005-06 K-6 ENROLLMENT 1,220
14. 2007-08 LUNCH COUNT
(ENT 8 + ENT 9 + ENT 10/ENT 11 + ENT 12 + ENT 13) * ENT 1) 95
15. AGED 5-17 IN PUB SCH & FAMILY BELOW POVERTY 50
16. AGED 5-17 IN PUB SCH 2,165
17. 2007-08 CENSUS COUNT (ENT 1 * (ENT 15 / ENT 16)) 61
18. 2007-08 POVERTY COUNT((.65 * ENT 14) + (.65 * ENT 17)) 101
19. 2007-08 EXTRAORDINARY NEEDS COUNT
((.5 * ENT 2) + ENT 7 + ENT 18) 126
TAFPU
20. TAFPU BASED ON 05-06 SCHOOL YEAR DATA 3,104
TAFPU & TWFPU BASED ON 05-06 SCHOOL YEAR DATA
21. TAFPU BASED ON 04-05 SCHOOL YEAR DATA 3,091
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) 3,097
23. SELECTED TAFPU FOR 2007-08 FOUNDATION AID
(MAX ENT 20 OR ENT 22) 3,104
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