DISTRICT CODE:  200401                                     STATE AID    2008-09     
DISTRICT NAME:  INDIAN LAKE                                DATE:  NOV  14, 2014     
                                                           EDITION NO.     3786     
DISTRICT LAST UPDATED ON 10/29/14                                                   
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT                                     
                                                                                    
2008-09 FOUNDATION AID OUTPUT REPORT                                     PAGE 1     
                                                                                    
    PART I: CALCULATION OF 2008-09 FOUNDATION AID                                   
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     1. 2008-09 ADJUSTED FOUNDATION AMOUNT/PUPIL                                    
                                               (PART II ENT 7)        9,658.72      
     2. 2008-09 EXPECTED MINIMUM LOCAL CONTRIBUTION                                 
                                              (PART III ENT 3)        9,658.72      
     3. 2008-09 SELECTED FOUNDATION AID/PUPIL                                       
                           (GREATER OF 500 OR (ENT 1 - ENT 2))          500.00      
     4. 2008-09 SELECTED TAFPU FOR 0708 AID   (PART IV ENT 23)             192      
     5. 2008-09 TOTAL FOUNDATION AID           (ENT 3 * ENT 4)          96,000      
    6A. 2006-07 TOTAL FOUNDATION AID BASE (FAB)   (FAB ENT 20)         406,358      
                                                                                    
     2006-07 FOUNDATION AID BASE OUTPUT REPORT                  
6B. 2007-08 FOUNDATION AID PAYABLE (0708 FOA ENT 15) 418,548 7. 2008-09 TOTAL FOUNDATION AID MINUS FAB (PHASE-IN OPTION 1) (ENT 5 - ENT 6A, MIN = 0) 0 8. 12.55% OF FOUNDATION AID BASE (PHASE-IN OPTION 2) (.1255 * ENT 6A) 50,997 9. 2008-09 SELECTED PHASE-IN FOUNDATION INCREASE (37.5% OF (MAX ENT 7 OR ENT 8)) 19,123 10. 2008-09 CALCULATED FOUNDATION AID (ENT 6A + ENT 9) 425,481 11. 103% OF 2007-08 FOUNDATION AID PAYABLE (1.03 * ENT 6B) 431,104 12. 115% OF 2007-08 FOUNDATION AID PAYABLE (1.15 * ENT 6B) 481,330 13. 2008-09 AID DUE MINIMUM 3% INCREASE (IF ENT 10 < ENT 11, THEN ENT 11 MINUS ENT 10, ELSE 0) 5,623 14. 2008-09 AID DEDUCT 15% MAX INCREASE (IF ENT 10 > ENT 12, THEN ENT 12 MINUS ENT 10, ELSE 0) 0 15. 2008-09 FOUNDATION AID PAYABLE (ENTS 10 + 13 + 14) 431,104 PART II: CALCULATION OF ADJUSTED FOUNDATION AMOUNT (AFA) ________________________________________________________ 1. 2008-09 FOUNDATION AMOUNT 5,258 2. 2008-09 PHASE-IN FOUNDATION PERCENT 1.0526 3. 2008-09 FOUNDATION AMT ADJUSTED BY PHASE-IN PERCENT AND CPI (ENT 1 * ENT 2 * 1.029) 5,695 4. 2008-09 REGIONAL COST INDEX (RCI) FOR 2008-09 AID 1.000 5. 2008-09 EXTRAORDINARY NEEDS % (EN%)(EN COUNT/0708 ENR) 0.696 6. 2008-09 PUPIL NEED INDEX (PNI) (1 + EN%, MIN 1, MAX 2) 1.696 7. 2008-09 ADJUSTED FOUNDATION AMOUNT/PUPIL (AFA) (ENT 3 * ENT 4 * ENT 6) 9,658.72 PART III: SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION ______________________________________________________ 1. 2008-09 EXPECTED MINIMUM LOCAL CONTRIBUTION(A)(ENT 15) 35,775.62 2. 2008-09 EXPECTED MINIMUM LOCAL CONTRIBUTION(B)(ENT 34) 9,658.72 3. 2008-09 SELECTED EXPECTED MINIMUM LOCAL CONTRIBUTION (< OF ENT 1 OR ENT 2) 9,658.72 EXPECTED MINIMUM LOCAL CONTRIBUTION (I) _______________________________________ 4. 2004 ACTUAL VALUATION 412,495,246 5. 2005 ACTUAL VALUATION 479,482,167 6. 2008-09 TWO YEAR AVERAGE ACTUAL VALUATION ((ENT 4 + ENT 5) * .50) 445,988,706 7. 2008-09 SELECTED ACTUAL VALUATION ( < ENT 5 OR ENT 6) 445,988,706 8. TOTAL WEALTH FOUNDATION PUPIL UNITS FOR 0809 AID (TWFPU) (0809 FAPU-1 PART III ENT 14) 158 9. 2008-09 SELECTED AV PER TWFPU (ENT 7 / ENT 8) 2,822,713 10. 2008-09 LOCAL TAX FACTOR 0.0154 11. 2005 ADJUSTED GROSS INCOME (AGI) 24,075,030 12. 2008-09 AGI PER TWFPU (ENT 11 / ENT 8) 152,373 13. 2008-09 STATE AVERAGE AGI PER TWFPU 185,100 14. 2008-09 INCOME WEALTH INDEX FOR LOCAL CONTRIBUTION (ENT 12 / ENT 13, MAX 0.95, MIN .65) 0.823 15. 2008-09 EXPECTED MINIMUM LOCAL CONTRIBUTION (I) (ENT 9 * ENT 10 * ENT 14) 35,775.62 EXPECTED MINIMUM LOCAL CONTRIBUTION (II) ________________________________________ 16. 2006-07 TOT WEALTH PUPIL UNITS (TWPU) FOR 2008-09 AID (2007-08 ATT ENT 153) 194 17. SELECTED ACTUAL VALUATION PER TWPU (ENT 7 / ENT 16) 2,298,910 18. FOUNDATION AID PUPIL WEALTH RATIO (FAPWR) (ENT 17 / $453,100) 5.073 19. FOUNDATION AID PUPIL WEALTH RATIO * .5 (ENT 18 * 0.5) 2.536 20. 2004 ADJUSTED GROSS INCOME (AGI) 22,634,919 21. 2008-09 TWO YEAR AVERAGE ADJUSTED GROSS INCOME ((ENT 11 + ENT 20) * 0.5) 23,354,974 22. 2008-09 SELECTED ADJUSTED GROSS INCOME (LESSER OF ENT 11 OR ENT 21) 23,354,974 23. SELECTED ADJUSTED GROSS INCOME PER TWPU (ENT 22 / ENT 16) 120,386 24. FOUNDATION AID ALTERNATE PUPIL WEALTH RATIO (FAAPWR) (ENT 23 / 143,000) 0.841 25. FOUNDATION AID ALTERNATE PUPIL WEALTH RATIO * .5 (ENT 24 * 0.5) 0.420 26. FOUNDATION AID COMBINED WEALTH RATIO (FACWR) (ENT 19 + ENT 25) 2.956 27. FOUNDATION AID STATE SHARING RATIO 1 (1.37 - (1.23 * FACWR)) 0.000 28. FOUNDATION AID STATE SHARING RATIO 2 (1.00 - (0.64 * FACWR)) 0.000 29. FOUNDATION AID STATE SHARING RATIO 3 (0.80 - (0.39 * FACWR)) 0.000 30. FOUNDATION AID STATE SHARING RATIO 4 (0.51 - (0.173 * FACWR)) 0.000 31. 2008-09 FOUNDATION AID STATE SHARING RATIO (FASSR) (MAX ENT 27,28,29,30 MIN 0, MAX .900) 0.000 32. HIGH NEED DISTRICT INDICATOR 0 33. 2008-09 FOUNDATION AID STATE SHARING RATIO FOR HN DISTRICTS (ENT 31 * 1.05 * ENT 32, MAX .900) 0.000 34. 2008-09 EXPECTED MINIMUM LOCAL CONTRIBUTION (II) (PART II ENT 7 * (1 - ENT 31 OR 33) 9,658.72 PART IV: PUPIL COUNTS FOR FOUNDATION AID ________________________________________ 1. 2007-08 K-12 ENROLLMENT 165 2. 2007-08 LIMITED ENGLISH PROFICIENCY COUNT (FORM A ENT 73) 0 SPARSITY COUNT 3. 2008-09 K-12 INDICATOR 1 4. SQUARE MILES IN DISTRICT 265.380 5. BASE YEAR ENROLLMENT PER SQUARE MILE (ENT 1 / ENT 4) 0.621 6. 2008-09 SPARSITY FACTOR ((25 - ENT 5) / 50.9 MIN=0) 0.478 7. SPARSITY COUNT FOR 2008-09 AID (ENT 3 * ENT 1 * ENT 6) 78 LUNCH COUNT 8. 2004-05 K-6 FREE & REDUCED LUNCH APPLICANTS 23 9. 2005-06 K-6 FREE & REDUCED LUNCH APPLICANTS 22 10. 2006-07 K-6 FREE & REDUCED LUNCH APPLICANTS 24 11. 2004-05 K-6 ENROLLMENT 97 12. 2005-06 K-6 ENROLLMENT 85 13. 2006-07 K-6 ENROLLMENT 81 14. 2008-09 LUNCH COUNT (ENT 8 + ENT 9 + ENT 10/ENT 11 + ENT 12 + ENT 13) * ENT 1) 43 15. AGED 5-17 IN PUB SCH & FAMILY BELOW POVERTY 18 16. AGED 5-17 IN PUB SCH 187 17. 2008-09 CENSUS COUNT (ENT 1 * (ENT 15 / ENT 16)) 15 18. 2008-09 POVERTY COUNT((.65 * ENT 14) + (.65 * ENT 17)) 37 19. 2008-09 EXTRAORDINARY NEEDS COUNT ((.5 * ENT 2) + ENT 7 + ENT 18) 115 SELECTED TAFPU FOR 2008-09 FOUNDATION AID 20. TAFPU BASED ON 06-07 SCHOOL YEAR DATA 173 TAFPU & TWFPU BASED ON 06-07 SCHOOL YEAR DATA
21. TAFPU BASED ON 05-06 SCHOOL YEAR DATA 211 TAFPU BASED ON 05-06 SCHOOL YEAR DATA
22. AVERAGE OF TAFPU BASED ON 0607 AND 0506 SCHOOL YEAR DATA ((ENT 20 + ENT 21) / 2) 192 23. SELECTED TAFPU FOR 2008-09 FOUNDATION AID (MAX ENT 20 OR ENT 22) 192

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