Statutory Assessment Method Sample Clauses

Statutory Assessment Method. The operating portion shall consist of all District expenditures less transportation, capital, and debt. The operating portion shall be calculated based on the Alternative Method as calculated and outlined in Subsection (2) below or based on the Statutory method calculated as follows: (a) From the operating costs, subtract Chapter 70 state aid, the total required minimum local contributions from the member towns, and other general fund income. (e.g., interest, tuition payments, fees, etc.) (b) The remaining amount is the amount over the minimum required local contributions. (c) The amount over the minimum required local contributions shall be assessed to the member towns based on the prior five-year (5-year) rolling average of the March 1 student enrollment of the fiscal year preceding the fiscal year for which the apportionment is determined. For the purpose of defining enrollment related to the assessments, student enrollments shall be defined as the number of students in all grades pre-kindergarten through twelve (PK – 12), inclusive, residing in each member town and receiving education at District expense. (d) The transportation portion shall be calculated by reducing the District’s transportation costs by the amount the District anticipates receiving in Chapter 71 Transportation reimbursement. The remaining amount shall be allocated to the towns based on each town’s proportionate share of District enrollment on March 1 of the fiscal year preceding the fiscal year for which the apportionment is determined. (e) The debt and capital cost portion shall be allocated by enrollment based on the March 1 enrollment of the current year. (f) The total assessment to each member town shall be the sum of the minimum local contribution, the above minimum local contribution, transportation, and capital/debt, as calculated above.
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Statutory Assessment Method. A. The apportionment of Operating Costs for each member town for each fiscal year will be the sum of the following: (i) the member town’s required local contribution to the District as determined by the Commissioner of Elementary and Secondary Education (“Commissioner”); (ii) the member town’s share of that portion of the District’s net school spending, as defined by M.G.L. Chapter 70, Section 2 that exceeds the total of the required local contributions for all member towns; and (iii) the member town’s share of costs for transportation and all other expenditures (exclusive of Capital Costs as defined under Section VII (c) above) that are not included in the District’s net school spending. A member town’s share of (ii) and
Sample 1Sample 2
Statutory Assessment Method. A. The apportionment of Operating Costs for each member town for each fiscal year will be the sum of the following: (i) the member town’s required local contribution to the District as determined by the Commissioner of Elementary and Secondary Education (“Commissioner”); (ii) the member town’s share of that portion of the District’s net school spending, as defined by M.G.L. Chapter 70, Section 2 that exceeds the total of the required local contributions for all member towns; and (iii) the member town’s share of costs for transportation and all other expenditures (exclusive of Capital Costs as defined under Section VII (c) above) that are not included in the District’s net school spending. A member town’s share of (ii) and (iii) herein will be based on the ratio which that member town’s Foundation Enrollment, calculated on the basis of the member town’s combined three-year rolling average of Foundation Enrollment for grades 9 – 12 for the member town, bears to the total Foundation Enrollment for all member towns in the District, calculated on the basis of a combined three-year rolling average of Foundation Enrollment for grades 9 – 12 for all member towns, provided that the ratio for each member town shall be not less than one percent (1%) and, to the extent that any member town’s ratio is less than one percent (1%) and is fixed at one percent (1%) for the purposes of this apportionment calculation, the remaining ninety-nine percent (99%) of (ii) and (iii) herein will be apportioned to the other member towns on the basis of the respective ratios that each member town’s Foundation Enrollment, calculated on the basis of the member town’s combined three-year rolling average of Foundation Enrollment for grades 9 – 12 for the member town, bears to the total Foundation Enrollment for all member towns in the District, calculated on the basis of a combined three-year rolling average of Foundation Enrollment for grades 9 – 12 for all member towns. The Foundation Enrollment for purposes of calculating apportionment of Operating Costs will be determined using figures reported to DESE by each member town on October 1 for the preceding three years.
Sample 1

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