EPS Model Operating Costs $13,808,700 $ 18,220,437 by tzv97744

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									                                                            FY             FY
                                                           2005           2006
EPS Model:
 Operating Costs                                       $13,808,700   $   18,220,437
 Debt Service                                          $ 945,056     $    1,195,856
 Other subsidizable costs                              $ 2,932,881   $    3,498,202
TOTAL EPS MODEL                                        $17,686,637   $   22,914,495

EPS Model with reductions **:
 Operating Costs                                                     $   15,305,167
 Debt Service                                                        $    1,195,856
 Other subsidizable costs                                            $    3,498,202
TOTAL MODEL AS REDUCED                                               $   19,999,225

Additional local taxation limit -                      $ 3,797,165 $      2,915,270

State Valuation Date                                                  June 30, 2004
State Valuation                                                      $1,310,350,000

Mil rate                                                             $     0.00826

Amount raised thru taxation                            $10,416,744 $     10,823,491
 State mandated local share %                                                47.23%

State Share - Difference in model                      $ 7,280,994 $      9,175,734
                                                                   $      1,894,740
** = 84% in 2006, 90% in 2007, 95% in 2008, 100% in 2009
Total Budgeted Expenditures                              $23,000,212 $    24,360,208
Less: Model (approved local and state)                               $   (19,999,225)
Less: Other school revenues:
 State Agency Clients                                                $      (90,000)
 Medicaid                                                            $     (400,000)
 Dayton Tuition                                                      $     (773,297)
 Miscellaneous                                                       $      (28,500)
 Utilization of surplus                                              $     (279,215)

Additional local taxation needed                                   $      2,789,971
As limited                                                         $      2,915,270
Difference                                                         $       125,299
Total Tax levy for education                           $14,213,909 $     13,613,462
                                                                   $      (600,447)

								
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