DISTRICT CODE: 441201 STATE AID 2008-09
DISTRICT NAME: MONROE WOODBUR DATE: NOV 19, 2009
EDITION NO. 1307
DISTRICT LAST UPDATED ON 11/18/09
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT
2008-09 HIGH TAX AID OUTPUT REPORT (HTAX) PAGE 1
SELECTED HIGH TAX AID
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1. 2008-09 TIER 1 + TIER 2 + TIER 3 HIGH TAX AIDS
(ENT 20 + ENT 24 + ENT 26) 1,539,557
2. 2007-08 HIGH TAX AID 1,120,288
3. 2008-09 ALTERNATE PUPIL WEALTH RATIO(APWR)(GEN ENT 47) 0.755
4. DUE MINIMUM FACTOR (IF APWR < 2.0 THEN 0.70 ELSE 0.50) 0.7
5. 2007-08 HIGH TAX AID X DUE MINIMUM FACTOR (ENTS 2 * 4) 784,201
6. SELECTED HIGH TAX AID (GREATER OF ENT 1 OR ENT 5) 1,539,557
DATA FOR ELIGIBILITY CALCULATIONS
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7. INCOME WEALTH INDEX (IWI)
(FA REPT PART III ENT 12 / 185100) 0.764
8. 2006-07 APPROVED OPERATING EXPENSE PER TAPU
(STATE AVG = $10,650) (PUB ENT 3) 10,662
9. 2005 RESIDENTIAL TAX LEVY FROM OFFICE OF REAL PROP
SVCS 59,424,475
10. 2005 ADJUSTED GROSS INCOME (AGI) 1,072,321,612
11. TAX EFFORT RATIO (ENT 9 / ENT 10) 0.05541
12. 2005 FULL VALUE PER TWPU (GEN ENT 36) 499,216
13. 2005 ADJUSTED GROSS INCOME PER TWPU (GEN ENT 40) 112,532
14. 2008-09 COMBINED WEALTH RATIO (CWR) (GEN ENT 43) 0.899
15. 2008-09 REGIONAL COST INDEX (RCI) 1.314
TIER 1 HIGH TAX AID
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16. ELIGIBILITY: IWI < 2.5 & AOE/TAPU > $10,650 & TAX
EFFORT RATIO > .032 (1 = ELIGIBLE) (IF ENT 7 < 2.5 &
ENT 8 > 10,650 & ENT 11 > .032 THEN 1 ELSE 0) 1
17. 2007 PUBLIC SCHOOL ENROLLMENT 7,593
18. 2008-09 STATE SHARING RATIO (SSR) (GEN ENT 54) 0.450
19. FORMULA TIER 1 AID: $450 * ENROLLMENT * SSR
(450 * ENT 17 * ENT 18) 1,537,582
20. SELECTED TIER 1 AID: > TIER 1 FORMULA AID OR $100,000
(ENT 16 * MAX ($100,000 OR ENT 19) 1,537,582
TIER 2 HIGH TAX AID
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21. ELIGIBILITY: TAX EFFORT RATIO > .05 (1 = ELIGIBLE)
(IF ENT 11 > .05 THEN 1 ELSE 0) 1
22. 2006-07 AOE / TAPU - $10,660 (ENT 8 - 10,660, MIN = 0) 2
23. HIGH TAX TIER 2 AID RATIO: 1 - (0.6 * APWR)
(1 - (0.6 * ENT 3) MIN 0, MAX 1) 0.547
24. TIER 2 AID: ENROLLMENT * 0.181 * ENT 21 * HIGH TAX
TIER 2 AID RATIO * RCI
(ENT 17 * .181 * ENT 22 * ENT 23 *ENT 15 * ENT 21) 1,975
TIER 3 HIGH TAX AID
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25. ELIGIBILITY: (FV/TWPU)/(AGI/TWPU) > 4.620 & CWR < 6.0
& RCI > 1.3 (1 = ELIGIBLE) (IF ENT 12 / ENT 13 > 4.62
& ENT 14 < 6.0 & ENT 15 > 1.3 THEN 1 ELSE 0) 0
26. TIER 3 AID: ENROLLMENT * $52 * RCI
(ENT 17 * 52 * ENT 15 * ENT 25) 0
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