| ESSENTIAL PROGRAMS & SERVICES (EPS) ALLOCATION /
MUNICIPAL COST-SHARING CALCULATION |
| Fiscal Year 2006-2007 |
|
| 100% EPS
Allocation (per State formula): $30,593,254.14 |
|
|
|
|
Bowdoin |
Bowdoinham |
Harpswell |
Topsham |
Total |
| Total EPS Allocation (90%): |
|
|
| $28,460,454 |
|
|
| Pupil Count (Avg of Apr/Oct
2005 Counts) |
551 |
475 |
562 |
1527.5 |
3,115.50 |
| % of Total Pupils |
17.69% |
15.25% |
18.04% |
49.02% |
100.00% |
| Town Allocation (90% of EPS) |
$5,034,654.33 |
$4,340,219.25 |
$5,134,265.92 |
$13,951,314.59 |
$28,460,454.09 |
|
| State Valuation of Town
Property (2005) |
$146,700,000 |
$159,100,000 |
$1,184,800,000 |
$636,050,000 |
$2,126,650,000
|
| % of Total District Valuation |
6.90% |
7.48% |
55.71% |
29.91% |
100.00% |
|
|
| Required Local Contribution |
|
| (Lesser of 7.6 mills times the State
Valuation or the Town
Allocation) |
$1,114,920.00 |
$1,209,160.00 |
$5,134,265.92 |
$4,833,980.00 |
$12,292,325.92
|
| Less: State Adjustments
(Special Education Contribution) |
|
|
$297,762.72 |
|
$297,762.72
|
| Adjusted Required Local
Contribution |
$1,114,920.00 |
$1,209,160.00 |
$4,836,503.20
|
$4,833,980.00 |
$11,994,563.20
|
|
|
| Local Town Cost-sharing
Percentage* |
12.62% |
11.64% |
37.21% |
38.53% |
100.00% |
| Local Only Contribution (Local
Cost-sharing Formula) |
|
| Local Only Debt Service |
58,486.25
|
53,975.85
|
172,472.02
|
178,611.88
|
463,546.00 |
| Adult Education |
14,424.67
|
13,312.26
|
42,537.39
|
44,051.68
|
114,326.00 |
| Adult Vocational Education |
1,378.04
|
1,271.77
|
4,063.76
|
4,208.43
|
10,922.00 |
| Other Additional Local Contribution |
679,862.08
|
627,431.82
|
2,004,867.67
|
2,076,239.34
|
5,388,400.91 |
| Total Local Only Contribution |
$754,151.04
|
$695,991.70
|
$2,223,940.84
|
$2,303,111.33
|
$5,977,194.91
|
|
|
| Total Local Contribution
(Required & Local Only) |
$1,869,071.04
|
$1,905,151.70
|
$7,060,444.04 |
$7,137,091.33
|
$17,971,758.11 |
| Current FY 05-06 Contribution
(for Comparison) |
$1,873,897.49 |
$1,837,624.18 |
$6,936,032.21
|
$7,077,870.12 |
$17,725,424.00
|
| Local Contribution $$ Increase (Decrease) |
($4,826.45) |
$67,527.52
|
$124,411.83
|
$59,221.21 |
$246,334.11
|
| Local Contribution % Change |
-0.26% |
3.67% |
1.79% |
0.84% |
1.39% |
|
|
|
|
| State Contribution (per EPS
model) (includes adjustments) |
$3,919,734.33 |
$3,131,059.25 |
$297,762.72 |
$9,117,334.59 |
$16,465,890.89 |
| (Town Allocation minus the Adjusted
Required Local Contribution) |
|
|
| *
See Municipal Cost-sharing Table on the previous page. No rounding is used in
these calculations. Only two decimal
places are shown for document readability. |
|
|
|
|
|
|
|