ML061730216

2006/03/28-Vernon VT FY2006 Municipality Reconciliation, Final Data Based on Final Education Grand Lists

ML061730216
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Issue date:	03/28/2006
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Municipality Page1I FY2006 Municipality RECONCILIATION, FINAL Data Based on FINAL Education Grand Lists District: Vernon LEA ID: T214 S.u.: Windham Southeast S.U. county. Windham FY2006 Reconciliation Summary, Final

• Preliminary Final

• minus Figures Figures Prelim Homestead Education Tax Underpayment

15. Homestead Education Grand Ust 756,1501 836,9361 80.786 I of homestead 15.

16. .Homestead tax rate (base rate Is S1.02..adjusted by district spending and CLA) 1.54721 1.5472 taxes by . 16.

17. Homestead education liability 1- 169,915 1 1294,9071 municipality to 17.

18. 1/8 of 1.0% of homestead liability retained by municipality (0.125%) 1 A62 I I Rio1 1S7 School District 18.

J 1.168.4531 1.a3,288 1 124,835J */I/////I///////i1 e*, m* I d*

I 1*.

19. Amount of homestead tax liability.for education spending r.///////////iA *,Sq~..o3 20...Horst ead eucation.1lablty to the St T.asu"* 20.

20Hoii . tat es Non-Residential Education Tax Overpayment

22. Non-Residential Education Grand List 448963 1 368.1771 (80.786)l of non-resident 22.

23. Non-Residential tax rate (base rate Is $1.51. adjusted by the CLA) 13355 13355 taxes by 23.

24. Non-residential education liability 599,590 45 Y200 (107.890) municipality to 24.

25. 1/8 of 1.0% of non-residential liability retained by municipality (0.125%) 749 6151 (134) School District 25.

26. Amount of non-residential tax liability foreducation spending plus categorical grants I 598.841 I A91.085 I 1107.75611 107,756 26.

27. Non-residential education liability to the State Treasury I 27.

Overpayment total 107,756 .1/4/835 W1Z/'1/'////" ,'* ";Z .124,835I Underpayment total Net adjustment TO State [ 17,079 al. Homestead taxes al.

Reconciliation with school district a2. a2.

a3. Amount school district was UNDERPAID 1 124,835 a3.

Reconciliation with affected homestead taxpayers Amount RECEIVED FROM homestead txpayers a4.

84.

as. Additional taxes raised [ 292 a5.

a6. less 118 of 1% retained by municipality 157 a6.

a7. Amount school district was UNDERPAID 124,835 a7.

bl. Non-ResidentIal taxes bi.

Reconciliation with school district

- b2. Amount school district was OVERPAID 1 107,756 1 " b2.

b3. b3.

Reconciliation with affected non-residential taxpayers b4. Amount REFUNDED TO non-residential tax ers b4.

b5. overpaynment to school district 1 10775.I b5.

b6. fromla of1% retained by municipality 134 K6 b7.. Total 107L890 b7.

FY2006 Municipality Payment Schedlule TO the State Treasury.

I December 1, 2005 I June 1,2006 o cl.

taxes tHontad I A M  !

taxes INonnresidenfial v*vv40I A-W 0 c2.

Netted reconcillatlbn amount and adjustment c3. . School district payment from State Treasury will be decreased by: 17079 c3.

Municipal treasurer'will tran.fer this amount tothe school disirct.

If you have any questions about these data. please contact Mike Bailey at 828-3132.

If he cannot be reached, conlact Brad James at 828-3151.

• . PageIof22 DOE/Sctýd Fvmmeitcj I lAp,06 Municipality Report reflects data ý&Iable as of 17-JaiivM

Page 2 FY2006 Act 68 RECONCILIATION for School Districts, FINAL Data Based on FINAL Education Grand Lists LEA ID: T214 County- 0 Final Preliminary Final minus Figures Figures Preliminary 1.293,288 124*835 payment to School District on behalf of State from homestead education taxes. 1,168.453 1 21.

Uummary Data E I

3. Town payment tc Sch6ol District on behalf of State fr6m non-residential education taxes 598,841T A91fl85 I 1107.756*1

- v ITw - l - ?- - - 23.

3. TOTAL education property taxes to school district 1 1,767,294 1 1,784,373 1 17.0791 25.

3. Additional funding required from the State Treasury, Including categorical grants 1 3,242.5171 3,225,4381 (17,079) 26.

'. Total of funding sources 1 5,009,811 5,009,811 " 27.

FY2006 School District Net Payment Schedule FROM the State Treasury I I September 10, 2005 1 December 10,2005 I Apnil 30, 2006 Receipts FROM the Fund 1* . O80,o39 jEI31* ,039 1 1,063,760 I 1

2 3

4.

5 6

7 Reduction In payment from State Treasury to 1 117,079 8 offset prior underpayment of education property 9 taxes from municipality.

10 11 This amount will be transferred to the school district from the municipality.

12 13 14 15 16 17r079 = AMOUNT TO BE TRANSFERRED FROM MUNICIPAL ACCOUNT TO SCHOOL ACCOUNT 17 18 If you have any questions about these data, please contact Mike Bailey at 828-3132..

If he cannot be reached, contact Brad James at 828-3151.

• Page 2of 2 DOE1.1ýFmnceroci 11Ap,06 DdEJ~~~~~~~~~chooI~~~~cho DistrictI~#GRer rfel data Report re"s vaal as d~ avadable a ofi17Jn 17-jan-06

pallty Page I FY2006 Act 68 Cash Flow for Municipality, FINAL Data oBased on FINAL Education Grand Usts, 28-Mar-06 WlndaVemron. LEA DUT214 Windham Southeast S.U.county. Windham

.Mmunidpald District State Act 144 Ldcal Construction Propefty Tax.

costsw~y~

loa qeUocx prf Im 2.

4. Netted captal costs to be raised by local cornbuctlon tax 2,.,. 3.t 4.

b..- Act 144 local t th l DistrctS 1u. Ilefb~gt b sl**e . "'144Act costs ."".2 6.794=6.

Local ve m~sp re orted bythe school disfitt 10 dcto pedn ;  ;- . *-&9LvUYZA~dOmf I _-5035,768 10.

11. 87% ofbase education payment to te ce*ter paidbyf the State on behalfof the ditstrict "vzii u150s1tb 86106 11.

12. Adjusted Education Spending hI0 491

13. Total of categorical grards owed tie Schod Dbsztct is! 60,148 13.

14. Total Education Spendinogrant owed to the School Dlstrli is F (M alenl 4A

... . ... . .. .. Reerece Municipal District ~. State Homestead Education Tax *Treasur 'Treassr Treasur

16. Homestead Education Grand List 0 5 is3

.16. Homestead lax rate (base rate Is $M.Oa4usted by district spending and CtA) 1.5472 16.

17. Homestead education Ebbky ik EOi.. 4a.11Adr. 1-14907 17.

..11s.,M1ao1.0% o(homestead Mityretaned bymurhklpy(0.12s%) 22 1J 19W' 18.

19.'Aourt of homestead tax Wl~y ir education apendirg -- '~' 9

20. Homestea euainabtyo the State Treasury .- 20.

21..Subtotals . . o ii~-i sa 1.. . -1

"....NonResidential E-diation Tax: ... . .... ... . ... .' <-7.

22.'N~teientW~uca~n~waM st.:368,176.822i v:.-=iNWAS~nioalt~alx rate (ba atIsem$1.51.austed bythea.A) .. =7'~ 55 23.

ý24."-Nof4e5skftlaleducatlontakfy::- . .~. NoW

.h.WdiEOL~n-.."1mdbmkd e

,491.700 2.

12S..;1fQ1.0%ofien4IsoeisidtIabyretykiedbyn-i~ioaly(0.125%) -A. t~.. ...... 415 25.

cilnrýý tax b freducation am Aig plu categorical grarts 01 WEWR0z~.I

28. -ubtotalesieUeua b toteSte.27

25. Sboas417001 '65 . ielnfll1 .128O

29. ToWals &.21.6.28 1 1,788607 1 2,2341 1,74,373 " 29.

.. ,.FY2006 Municipality Payment Schedule TO the State Treasury

,,. a *" ~~ ~ ~n7o, " n~

-~~***I nl(n O

- n -r"e s ldde ,..- ". .... if* ts o r, fli nen 7

• rn '2i7). 0 Homestead laxes 0 lm-fesidewdalutexs . 0 CA -2jý - .- .. - . it A A.,*.--ýW m Paent totheSchool Disfrictiby the TownTraue

-~~~~~~2 l A .A. OA-. .s.. .1SlW & . . . . . -- *- ~.~~w1uor-.rv.pr- 2A~~-

.,.32. Act 144 local consbuction propedy tax *ent to the disllrid 6*4 4 . - -, - vn.ý ;r

33. -.TOW bX dollars Sint to ftL*d*d Strld 1:1 17 all v '0 xza; 4.

acit19* =Qv*1."1M ZZ~l,2~1A. -~4 . ,

Co~  ! ~ P ge~ Rosl efi~d diie~M~aee MITI7ja.C Pagelof2 murkitialty

Page 2 FY2006 Act 68 Cash Flow for Municipality, FINAL Data Based on FINAL Education Grand Lists, 28-Mar-06 nmon LEA ID: T214 ndham Southeast S.U. D

_oi,:ly-.,Windham Rev a y Mk a a ~ . e'e mec  ;..6., - -t.. , I _. , *'. - -

J'pige~ao* expenditures as reported by School DMsMt .. . 5.

Capital Costs excluded from 1oca education sedng Ad 4. d bi"15ct 2=nisoaoa am is i ft~ 2.W7 Netted capital costs to be raised by local constuction tax " u f.hs 4.

Net budgeted expenditures, less eliglbe Act 144 costs .. ,:.. g0 h.2 5.

11. /*mll edt duz aUonapendlng .

12. a rmless o~d Jor e ng elgihe capital debt ... - ... -,:i" -..

" " ,. - ",1 '. ....

d.se.,d A;,!k!,-5.046 7I.ii2 50-,S9S357

10. 87% of base edu ca enttolech*center paid by*to State Wthe district v+/-.&swer -'88105 3114 10.

11. us dEducation Spend[ o .. * . ..s I '/ 4,949,663..... /I I / 11.

School District Cash Flow

~~.. . . . . ~ Re ured T:

13. 40% of exoess base education payment for lo:-pend.ing dstzlcts - ., -. 13.

14 S. schols upportgrant .4;" to jj *f .- ,- 14.

15. Sm. l.schools financal .stablity grant . ... . , ... . ,. . v.SA,. *.& .. 15...

16.. ym entportadiot........-

na id .. . - *V'- . 94 ,SA,(. .-- - -,1,, 16.

21. Padjnsent toScdxo Dtrlcton behalf of state from h a educaton taxe. " 3 21.

21: 'Paymnent tlo'Schooýl srict on behalf of Slate from non-estdena ed l ucation taxes t.git is~49,8 21.'

24. Balance of education spending after non-residential taxes. ;-"' .. -. W122-6.231 .3,225,438 24.

25. Subtotal of education property taxes, I 1,7843 . . " 25.

26. -Additional funding required from the State Treasury, Including categorical grants fV.S.,Aýj A,.-L- 3,225,38 r26.

27. Total of funding sources .-....

Extr1Ta'jtw V. - W Nw ~

I 171111!!11ý i K4 0 9 ý1 p AO~.

&Su~maryofftool01stct Csh Fow_

6.~ j ~ r

-Rewhmber-10 2OD5 jix- 1--fin 3nrK A-41 Dfm V he...

c . be . c - . 828" 3151.

. . "

• I he cannot be reacied, contact Bred Jame~ et 88 151. * *':' . . " ' -) " . ... .. .". .

ýage 2 of 2 DOEr5Choo1FKmncsn4 I 1APrO6 School Ditrict Report reflects data avabble as bf.f7jan-W

District Page 2 FY2006 Act 68 Revenues to School Districts from the Education Fund Based on FINAL Education Grand Lists, 28-Mar-06

/Vernon LEA ID: T214 Windham Southeast S.U. County: Wlndham Funding ...... ........ ,.1,,.11

1. E:ldtatonS V,,-in .. .. , . ... .. ".

r tl 7R d

.kLZ11'*tld*.*.a.

'Catgocl rd;.s.sld%

Grants ~ - -

'J;s7 - - *-- '. ... "

p,)fWW Capit -.

3. 40%,'6oxesbe5.se'ducationpayment for kw-spe*d*ng districts

4. 'SmaDl sZýihOl'iortgrn "2V '- '

5. Cýrel schools financial stability grant.

6.'.ETdmportaUonSpding 60,148 8.ncunSpending plus Categorica Grants5091

. .,. ., .. , . '.~*L.t.? . - ."--

+t%

• *..r+ +*,- W. , *"+-"

'Edu WonFund Revenues to School District

9.

• Paymnentl6ScdiolDistrlcton behalf o(State from homesteadeducation taxes

.4o. :.PymenttioSchool District on behalf of State from non-reidential education taxes

-11." 656hl Edu6am Spenrng GrantfudM Mrired frm the StateTreasur.y.,

...Tasprations owe th4 cho

-20.2 ordsnaryttranspt aidI

• .19.t 21.Toal.".nsportatlnspak ofrlseveanual stSo5n4 ol races

,ou .. .,r,,-

,

21. Total of revenue sources I

.. *:;. . V--"

.' -...

4.;

, .-.-5,095,916

. ..-.- -. "

• ...... Q44....::*!

.-.: -. . 5.'.4.~

. .M . . ' -.

fif......

Summary .4

22. Total hfns required by school district 5*095,916 5.09 59.

23. Total revenue from the Educa**

. ,* .

.n Fund o - - . * ++... ><.;

5

-,.., ,:",.'o

.%> .:+. . .;

..-

qj~~4) ' 1 i&9-

////s/v..////.:........ 4*,<ja4',M , 6SI -,...

-.- .. -

-. .t Ne~cniobe reached. contactBamd James et8 2

"-Sl1. - ý.~- . . ..

I .. "

. . . --. . ~. ... '7., . . . .' . r,' *...

-i

'V'", St 4.. ,1

• ,' ***+

.*... -. .*> t -: +* +x  %%

'".' .

-.* .* ,*& 5 .. .,

• .p4 1t* .. -. ,,,, , . . ." W

. ." . - . .-

• . ..',+*

,<-%;.+

,,- *+'+,.':*

", ".,.+.*.. . : u - ,.' . * "*+

. .. .,..

, .+' - .* ... ." " ? .:.  : .. .. .* - " . t +. .. .*+ .+,.++.-. . ,;:... ,.+,-, +, .*.

F.z~~d I~ ~~t~S r

'C.. ~¶ ~L¶rr ~¶Y'1~irdy. LI

' ".. - ., " . .*. ... " i .. f... 4.4.t4-. *4.

Page 2 of 2 RoocScool Fvinanccc IlAp0 School District Report refeck data avadable as of 17-Jan-06

" pallty Page 1 FY2006 Act 68 Cash Flow for Municipality, Phase I Based on PRELIMINARY Education Grand Lists sent to PV&R as of 17-Aug-05

,Nemon LEA ID: T214 Windham Southeast S.U. County: Windham School Municipal District State

./* 2006 EducaUon Spending Summary Reference Treasury Treasury Treasury ted expenditures as voted 5.794,555 6 1.

Act 144 Local Construction Property Tax Capital costs excluded from local education spending Aa 1". -W by J.Revenues dedicatd to exclude Act 144 capita costs 3.

4. Netted capital costs to be raised by local construction tax k., 2 6. / 4 A.

S. Act 144 local construction tax sent to the School District 6-.2 5.

6. Net budgeted expenditures, less eligitble Act 144 costs

7. Local reverues as reported byt* school district Ad di 791 5

6. Preliminay education spending

9. Hold-harmless aid for pre-existing eligbie capital debt 4i

• ~ 54035 7_631 S- 2*.).A,,uaof 107.97 m,'w byow(. o of.)

10. Education Spending I- I-h. lyV. a Ad6105 10

11. 87% of base education payment to tech center paid by the State on behalf of the district is V.A

12. Adjusted Education Spending - 4,949I6.3 I I It 12.

13. Total of categorical grants owed the School District 60,148 13.

14. Total Education Spending grant owed to the School District 5,009,811 14.

School Reference Municipal District State Homestead Education Tax Treasury Treasury Treasury

15. Homestead Education Grand List

16. Homestead tax rate (base rate is $1.02, adjusted by district spending and CLA) S1.5472 s1.

17. Homestead education liablity  ; 1,169,915 7 H-w'.W EGLx A

18. 18 o( 1.0% of homestead Wabilty retained by munlcality (0.125%) *fJfJffffffJfffA "1 dL['*.7

19. Amount of homestead tax ilabrity for education spending

20. Homestead education Wlablity to the State Treasury 20.

21. Subtotals 11_2 1,168,453 .21.

Non-Residential Education Tax

22. Non-Residential Education Grand List 4 .L622.

23. Non-Residential tax rate (base rate is $1.51. a4usted by the CLA) 1133= 23.

24. Non-wsldential education liablity 699!59024.

25. lW of 1.0% of ron-residential l*abity retained by municiarity (0.125%) 12 V.5Aj SSiCJr V Il* [//////////////y////////////1 LI).

I".se 2e. Amount of non-resldential tax liablity for education spending pius categorical grafts 698641 26

27. Non-residential education liablity to the State Treasury

28. Subtotals 599,5701 79 81 M9vS11 28.

29. Totals k,.21*I*.b21J 'I 1,769,505 1 2.2111I 1,767,294 1 -

FY2006 Municipality Payment Schedule TO the State Treasury (Homestead payments are based on line 20, non-residential payments on line 27)

I September 10, 2005* December 1.2005 I December 10. 2005 1 Apri 30,2006 i June 1,2006

[Homestead taxes M / 0 INon-residential taxes 00 0 A- Payments to the School District by the Town Treasurer 16 V.S.A. e/426(a) and (b)

30. Homestead taxes to the School district k. 20 1.168,453 30.

31. Non-residential taxes to the school district bw27 698.841 31.

32. Act 144 local construction property tax senitto the school district .3s 3Z

33. Total education tax dollars sent to the School district Ta.d 1.767.294 33.

If you have any questions* about these data. please contact Mike Bailey at 828-3132.

If he cannot be reached, contact Brad James at 828.3151.

Page I of 2 0011r-ým4 F.W",Ipq QQS"05 OOEIct~oI rxa.~ebc~

ssepti ReMn refleas data Ree.Ii~ies dxx avalaille as of 09-SeP-05

)s.I~Muniaceipalit-yt

S/ 0ol District Page 2 S/ FY2006 Act 68 Cash Flow for Munic ipality, Phase I Based on PRELIMINARY Education Grand Lists s ent to PV&R as of 17-Aug-05

'e: emon LEA ID: T214

.u.: Windham Southeast S.U. County- Windham Rev Summary Data Reference Codes Budgeted expenditures as reported by School District 1.

2. Capital costs excluded from local education spending Ad 144. mene byA*t150 orib 2002 Legitva6e S6,sim 2.

/ 3. Revenues dedicated to excluded capital costs 3.

• / 4. Netted capital costs to be raised by local construction tax lf 2.*b 4.

. 5 Net budgeted expenditures, less eligible Act 144 costs

,6. Budgeted revenues as reported by School District

&W I . If 2 I'l A 5.

6.

7. Preliminary education spending 5.m6 5,035,768. 7.

S. Hold-harmless aid for pre-existing eligible capital debt 8.

9. Education Spending se&.23(a). Act60. 1997 Wended by Sec.99(a).Act 71. 1998 aeT-mnf 8.to V.SA *5*4*0(s 8 n*ir 7rA1 A A 9.

10. 87% of base education payment to tech center paid by the State for the district IGV.SA 11"10) 86,105 3114 10.

11. Adjusted Education Spending IneS-I.l to 4949663 1.

School District Cash Flow

.Categorical Grants

12. Hold-harmless aid for pre-existing eligible capital debt Sec.23(,).AX6O. 197 aWmeedbySec. W(a). A*t 71.1*M 12.

13. 40% of excess base education payment for low-spending districts ISv.sA§4011(c) 13.

14. Small schools support grant 16V.SA 4015(b) 14.

15. Small schools financial stability grant e v.SA S4015(c) 15.

16. Transporation aid 16v..S*54016(s) 16.

17. Extraordinary transportation aid 16V.S.401o6M) 17.

18. Subtotal of categorical grants 18.

19. Adjusted Education Spending 10n111.16v.siA.40l1(8) I 4,949,663 / 19.

20. Total Education Spending Grant Owed to the School District 1 5,009,8111 20.

Education Fund sources. Reference Sources

21. Payment to School District on behalf of State from homestead education taxes Page1.,, onet 1 168,453 7A 21.

22. Balance of education spending after homestead taxes 2C.Ne..2t 3,841,358 ý,ýIVllllllllllfflý 22.

23. Payment to School District on behalf of State from non-residential education taxes page 1.&-* e / 598,841 23.

24. Balance of education spending after non-residential taxes bn.22-10*23 3,242,517 24.

25. Subtotal of education property taxes 1 1,767,294 I 25.

26. Additional funding required from the State Treasury, Including categorical grants to Vs. S 4028(a)/at Kr,'AZ /// *A 3.242.517 2 517 /42 ////1 =

//-M 26.

27. Total of funding sources 5,009,811 Revenue Codes

28. Adjusted education spending owed the school district by the Ed Fund m 19

29. Hold-harmless aid for pre-existing eligible capital debt Mne12

30. 40% of excess base education payment for low-spending districts Im 13

31. Small schools support grant Ore14

32. Small schools financial stability grant &We 1s

33. Transportation aid b" 16

34. Extraordinary transportation aid We17

35. Subtotal of funding sources Summary of School District Cash Flow

36. Total funds required by schobt district 5,009.811 36.

37. Trtal funding from the Education Fund 00/1////////////l 5.009,8111 37.

FY2006 School District Net Payment Schedule FROM the State Treasury (based on line 26)

I J September 10. 2005 [ December 1,2005 1 December 10, 20051 Apri 30,2006. J June 1. 2006 i

• Reet FROM the Fund 1.080.839 iI 1.080,639 1 1.00.8839 1l If you have shy questions about these data. please contact Mike Bailey at 828-3132.

Ifhe cannot be reached, contact Brad James at 828-3151.

Page 2 of 2 OE/Scd F,.acelbq 09Sep05 School District Pý -- '- ý --