Common use of Statutory Assessment Method Clause in Contracts

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.

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 a 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.

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 above 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 each member town’s proportionate share of the District’s record of local enrollment numbers on 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 district’s record of 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 the District’s record of local enrollment numbers 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 District’s record of local enrollment numbers on March 1 enrollment of the current yearfiscal year preceding the fiscal year for which the apportionment is determined. (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.