Adjusted Operating Cost Apportionment Sample Clauses

Adjusted Operating Cost Apportionment. ‌ All other school expenses not including transportation and capital costs, after deducting Chapter 70 aid, Excess and Deficiency offsets, applied school choice or other revenue, shall be apportioned to the towns through the following steps: 1. The adjusted operating costs will be apportioned to each member town by first determining the 2. If this sum of member towns RLMC is greater than the district adjusted operating costs, each town is apportioned their RLMC, and the district must increase their adjusted operating cost budget so that the district adjusted operating costs to be apportioned equals the sum of the member town RLMC. 3. If the sum of all member towns RLMC is less than the district adjusted operating costs, the district adjusted operating costs will be apportioned to each member town by first subtracting the sum of the member town RLMC from the adjusted operating costs to be apportioned following the statutory method. 4. The remaining adjusted operating costs will then be preliminarily apportioned between the towns using the required local minimum contribution fraction (RLMCF). 5. Next, each town’s RLMC and each town’s share of the remaining adjusted operating costs are added. 6. For each town, these sums (the preliminary adjusted operating assessments) are calculated as a The town Combined Effort Yield (CEY) is a state-derived measure used in the Chapter 70 school funding calculation. CEY considers property values and resident income to determine a municipality’s target local share of education costs. The CEY data used for this step shall be the same used by DESE for Chapter 70 aid calculation for the fiscal year under consideration. 7. If the difference between the percent of CEY calculated in Step 6 is less than or equal to 20 percentage points, no changes are made to the remaining adjusted operating costs apportioned to the towns. 8. If the difference between the percent of CEY calculated in Step 6 exceeds 20 percentage points, the preliminary increments are adjusted down for the town with the higher % percent of CEY, while adjusting upward by the same amount the other town’s preliminary increment, until the % percent of CEY of the town with the higher percent of CEY is greater than that for the town with the lower percent of CEY by exactly 20 percentage points. 9. If this results in the assessment of the town with the higher percent of CEY dropping below its RLMC, then that member town’s increment is set to the RLMC, and the increment of ...
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Related to Adjusted Operating Cost Apportionment

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