First Residential Phase - Second Example of Additional Sample Clauses

First Residential Phase - Second Example of Additional. Funding Calculation (Subject to CCI). Assume the same facts as above, except that it is July 1, 2022 (after the Date of Adjustment) and the amount of the CCI increase for the prior year is 4%. The calculation of the Additional Funding to be paid would be as follows: Total Funding Less Estimated and/or Paid School Fees for all Phases Pro-rata Share for First Residential Phase = 34.6% Additional Funding CCI Adjustment to Additional Funding Distribution to MVWSD 41.2% Distribution to MVLAUHSD 58.8% $12,000,000 ($2,184,097) x 0.346 = $3,396,302 x 1.04 = $3,532,154 $1,455,247 $2,076,907 Additional Funding = {($12,000,000 – $2,184,097 [total estimated and/or paid School Fees for all Phases]) x 34.6% (pro-rata share for First Residential Phase)} + 4% (CCI) = $3,532,154, distributed in the amount of $1,455,247 (41.2%) to MVWSD and in the amount of $2,076,907 (58.8%) to MVLAUHSD.
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