PUPIL DATA (CONT) GENERAL EDUCATION REVENUE (CONT) COMPENSATORY REVENUE

Transcription

1 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 01 OF 40 LEVY LIMITATION AND CERTIFICATION PROPERTY VALUATION DATA PROPERTY VALUATIONS (CONT) REPORT OUTLINE PAGE MARKET VALUE ANTC FOR DEBT SERVICE ONLY I. GENERAL INPUT DATA A. PROPERTY VALUATION MARKET VALUE 354,671, ANTC FOR JOBZ B. PUPIL DATA MARKET VALUE 359,238, ANTC INCL JOBZ MARKET VALUE 372,705,500 VALUE = (30)+(34) = 5,065,117 II. INITIAL COMPUTATIONS BY FUND MARKET VALUE 392,218,338 A. GENERAL MARKET VALUE 400,913,006 B. COMMUNITY SERVICE 12 PUPIL DATA C. GENERAL DEBT 13 REFERENDUM MARKET VALUE (RMV) D. OPEB/PENSION DEBT 16 RESIDENT COUNTS ARE BASED ON ALL RMV 315,523,305 PUBLIC SCHOOL STUDENTS LIVING IN THE III. ADJUSTMENTS BY FUND RMV 320,656,840 DISTRICT, REGARDLESS OF WHETHER THEY A. GENERAL RMV 334,976,795 ATTEND THERE. ADJUSTED COUNTS B. COMMUNITY SERVICE RMV 352,284,145 REFLECT ALTERNATIVE ATTENDANCE. C. GENERAL DEBT RMV 361,395,893 D. OPEB/PENSION DEBT 25 RESIDENT AVE DAILY MEMBERSHIP (ADM) NET TAX CAPACITY (NTC) IV. ABATEMENT ADJUSTMENTS RES ADM (ACT) NTC 4,119, RES ADM (ACT) V. OFFSET ADJUSTMENTS NTC 4,193, RES ADM (PRELIM) NTC 4,429, RES ADM (EST) VI. TACONITE ADJUSTMENTS NTC 4,676, RES ADM (EST) NTC 4,798, RES ADM (EST) VII. LEVY AND AID SUMMARY 30 SALES RATIO RESIDENT PUPIL UNITS VIII. TOTAL LEVY LIMITATION SALES RATIO 99.0% RES PU (ACT) SCHOOL FORMULA TAX SALES RATIO 93.0% RES PU (ACT) YEAR ALLOWANCE RATE SALES RATIO 94.2% RES PU (PRELIM) SALES RATIO 95.6% RES PU (EST) , SALES RATIO 94.7% RES PU (EST) , , UNLIMITED ADJUSTED NTC (UANTC) ADJUSTED ADM , , UANTC=(11)/(16)= 4,162, ADJ ADM (ACT) , UANTC=(12)/(17)= 4,507, ADJ ADM (ACT) , UANTC=(13)/(18)= 4,702, ADJ ADM (PRELIM) , UANTC=(14)/(19)= 4,892, ADJ ADM (EST) , UANTC=(15)/(20)= 5,065, ADJ ADM (EST) , ADJ ADM (EST) , ADJUSTED NTC (ANTC) , ADJUSTED PUPIL UNITS ANTC 4,162,604 NOTE: ABOVE NUMBERS ARE NOT ALWAYS ANTC 4,507, ADJ PU (ACT) COMPARABLE FROM YEAR TO YEAR ANTC 4,702, ADJ PU (ACT) ANTC 4,892, ADJ PU (PRELIM) WEIGHTS FOR FY FY ANTC 5,065, ADJ PU (EST) PUPIL UNITS FY 2014 & LATER ADJ PU (EST) AG MODIFIED ANTC FOR LTFM PRE-KGN HCP: HCP-KGN: AG MODIFIED ANTC 4,611,140 VOLUNTARY PRE-K REG-KGN PART: AG MODIFIED ANTC 4,804,525 ADJUSTED ADM REG-KGN ALL: AG MODIFIED ANTC 4,957,175 GRADES 1-3: ADJ VPK ADM GRADES 4-6: ADJ VPK ADM GRADES 7-12: ADJ VPK ADM

2 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 02 OF 40 PUPIL DATA (CONT) GENERAL EDUCATION REVENUE (CONT) COMPENSATORY REVENUE VOLUNTARY PRE-K DECLINING ENROLLMENT REV 114 FY 2019 COMPENSATORY ADJUSTED PUPIL UNITS REVENUE (FROM FY ADJ PU (EST) GEN ED REV REPORT, ADJ VPK PU ADJ PU (EST) LINES 60 AND 61) 180, ADJ VPK PU ADJ VPK PU 103 DECLINING PUPIL UNITS 115 EST FY 2020 COMPENSATORY = GREATER OF ZERO OR REVENUE = (114) SCHOOL READINESS PLUS = (56) - (57) X (6, )/(6, ) ADJUSTED ADM X [(50)/(49)] = 169, DECLINING ENROLL ALLOW ADJ SRP ADM = 0.28 X (101) = 1, COMPENSATORY PILOT ADJ SRP ADM ADJ SRP ADM 105 DECLINING ENROLL REV 117 TOTAL COMPENSATORY REV = (103) X (104) = =(115)+(116) = 169, SCHOOL READINESS PLUS PUPIL UNITS PENSION ADJUSTMENT REVENUE ENGLISH LEARNER (EL) ADJ SRP PU ADJ SRP PU 106 PENSION ADJUST ALLOWANCE ELIGIBLE ADJ SRP PU (FY 2019 GEN ED REV EL ADM (EST) REPORT, LINE 50) (7 YEAR LIMIT) (NOTE: VPK & SRP ADM AND PUPIL UNITS INCLUDED IN LINES (37-41), (43-46), 107 INITIAL PENSION ADJ REV 119 IF(118)=0, ZERO; ELSE (48-52), AND (54-57) = (57) X (106)= GTR OF 20, (118) = EXTENDED TIME ADM 108 FY19 RETIRE SALARIES 1,932, EL REVENUE ADM >1.0 CAPPED AT 0.2 = (119) X $704 = 109 PENSION ADJUST RATE EXT ADM (ACT) ADM SRV (EST) EXT ADM (ACT) 110 RETIRE PENSION ADJUST EXT ADM (PRELIM) = (108) X (109) = 8, EL CONCENTRATION EXT ADM (EST) RATIO = (118)/(121) = EXT ADM (EST) 111 TOTAL PENSION ADJ REV EXT ADM (EST) = (107) + (110) = 8, EL CONCENTRATION FACTOR = LSR OF 1 OR EXTENDED TIME PU GIFTED & TALENTED REVENUE (122)/.115 = EXT TIME PU 112 GIFTED & TALENTED REV 124 EL PUPIL UNITS EXT TIME PU = (57) X $13.00 = 6, = (118) X (123) = EXT TIME PU EXT TIME PU 125 EL CONCENTRATION REV EXT TIME PU EXTENDED TIME REVENUE = (124) X $250 = EXT PU (EST) 126 DISTRICT EL REV + GENERAL EDUCATION REVENUE 113 EXTENDED TIME REVENUE EL CONCENTRATION REV = (80) X $5,117 = = (120)+(125) = BASIC REVENUE 127 BASIC SKILLS REVENUE 101 FY 2020 FORMULA ALLOW 6, = (117)+(126) = 169, ADJ PU (EST) BASIC REVENUE = (57) X (101) = 3,015,873.60

3 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 03 OF 40 SPARSITY REVENUE TRANSPORTATION SPARSITY TRANSPORTATION SPARSITY (CONT) 128 ATTENDANCE AREA 143 ATTENDANCE AREA TRANSP EXCESS COST FOR SPARSITY SQUARE MILES PER = GTR OF ZERO OR 129 DIST TO NEAREST HS 4.7 RES PU = (143)/(46) =.1614 (153)-(158) = 21, ISOLATION INDEX 145 SPARSITY INDEX = GTR 160 PUPIL TRANSP ADJ = [SQ RT (.55 X (128))] OF (144) OR 0.2 =.2000 IF (159)=0, THEN (160)=0 + (129) = DENSITY INDEX ELSE (159) *.182 = 3, = LSR OF (144) OR ISOLATION INDEX RATIO BUT AT LEAST.005 = TOTAL TRANSPORTATION = [(130)-23]/10, WITH SPARSITY REVENUE MIN=0 AND MAX= PRELIMINARY TOTAL = (149) + (160) = 84, TRANSPORT ALLOWANCE ADM SRV, = [(145) RAISED TO.26 POWER] X [(146) RAISED TO.13 POWER] INITIAL GENERAL ED REVENUE 133 SECONDARY SPARSITY ADM RATIO X.141 X (101) = = GREATER OF ZERO OR 102 BASIC 3,015, [400-(132)] 148 TRANSPORTATION 105 DECLINING ENROLL /[400+(132)] = SPARSITY ALLOWANCE 111 PENSION ADJUSTMENT 8, = GTR OF ZERO OR (147) 112 GIFTED & TALENTED 6, SECONDARY SPARSITY REVENUE -[.0466 X (101)]= EXTENDED TIME = [(101) - $530] 127 BASIC SKILLS 169, X (131)X(132)X(133) 149 INITIAL TRANSPORTATION 139 SPARSITY OR MEMO: SPARSITY REVENUE 142 SMALL SCHOOLS 130, (57) X (148) = 80, TRANSPORT SPARSITY 84, ELEM SPARSITY REVENUE 162 INITIAL GENERAL ED REV (SEE WEBSITE) 150 FY 2019 EST REG AND EXCESS = (102)+(105)+(111) TRANSP COST (FIN DEP) + (112)+(113)+(127) 136 PRELIM SPARSITY REVENUE (FROM FEB18 FORECAST) 254, (139)+(142)+(161) = 3,414, = (134)+(135) = 151 FY 2018 EST REG AND EXCESS 137 FY 2019 SPARSITY REV TRANSP COST (FIN DEP) OPERATING CAPITAL (FY 2019 GEN ED REV (FROM FEB18 FORECAST) 253, REPORT, LINE 92) 152 FY 2018 REG AND EXCESS 163 AVE BUILDING AGE (EST) TRANSP COST TIMES 105% (NOT > 50 YEARS) ELIGIBLE FOR CLOSED = (151) X 1.05 = 266, FACILITIES AGE INDEX = BUILDING ADJUSTMENT? NO 1 + [.01 X (163)] = ADJUSTED TRANSP COST 165 OPERATING CAPITAL 139 SPARSITY REVENUE = LSR OF (150) ALLOWANCE = $79 IF (138)=YES, (139) = OR (152) = 254, [$109 X (164)] = GTR OF (136) OR (137); 154 FY 2019 BASIC REVENUE ELSE (139) = (136) ( GEN ED REV 166 YEAR ROUND PU SRV REPORT LINE 46) 3,153, OPERATING CAP REVENUE = (57) X (165) SMALL SCHOOLS REVENUE 155 TRANSPORTATION PORTION + (166) X $31 = 115, OF FY 2019 BASIC REVENUE ADJ PU (EST) = (154) X.0466 = 146, LOCAL OPTIONAL REVENUE 140 SMALL SCHOOLS RATIO = 156 FY 2019 TRANSP SPARSITY 168 MAXIMUM LOCAL GTR OF ZERO OR REV( GEN ED REV OPTIONAL ALLOWANCE [960-(57)]/960 = REPORT, LINE 111) 86, FY 2019 CHARTER TRANSP ADJ 169 FY 2020 ACTUAL LOCAL 141 SMALL SCHOOLS ALLOWANCE REV( GEN ED REV OPTIONAL ALLOWANCE = (140) X $544 = REPORT, LINE 315) ADJ PU (EST) SMALL SCHOOLS REVENUE 158 FY 2019 TRANSP REV SUBTOTAL 170 LOCAL OPTIONAL REVENUE = (57) X (141) = 130, (155)+(156)+(157) = 233, = (169) X (57) = 202,587.20

4 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 04 OF 40 REFERENDUM ALLOWANCES EXIST AUTH NOT SUBJECT TO LOR BOARD APPROVED CONVERTED REDUCT (EXCLUDE BOARD INCREASE) AND CREATED AUTHORITIES EXIST AUTH SUBJECT TO LOR REDUCT FOR ELECTION SINCE CY 2014 FOR ELECTION BEFORE CY BOARD APPROVED REF AUTH W/O INFLATION CONVERTED AUTHORITY, REF AUTH W/O INFLATION BEFORE CY FY 2019 AUTHORITY INCLUDED IN (193) = 171 FY 2019 AUTHORITY SINCE CY 2014 (FY 2019 GEN ED REV FROM BEFORE CY 2014 (FY 2019 GEN ED REV REPORT, LINE 148) (FY 2019 GEN ED REV REPORT, LINE 128) 1, REPORT, LINE 122) NOTE: LINE (194) INCLUDES BOARD 172 PHASEOUT OF 183 PHASEOUT OF CONVERTED AUTHORITY AMOUNTS FROM LINE (171) = LINE (182) LINES (179) AND (190) BASED ON VOTER APPRVD AUTH THAT HAS BEEN PHASED OUT 173 FY 2020 RESULT 184 ADDED BY ELECTIONS (MAY INCL BRD CONV) HELD IN CY 2017 WITH 195 BOARD INCREASE =(171)-(172) = DELAY EFFECTIVE IN FY 2020 EXCLUDING CY 2018 REF AUTH WITH INFLATION 185 FY 2020 RESULT BOARD ACTIONS = (182)-(183)+(184) = 1, (FY 2019 GEN ED REV 174 FY 2019 AUTHORITY REPORT, LINE 149) FROM BEFORE CY 2014 REF AUTH WITH INFLATION (FY 2019 GEN ED REV 196 RESCISSION/EXPIRE OF AUTH REPORT, LINE 125) 186 FY 2019 AUTHORITY CONVERTED BY BOARD APPR 175 PHASEOUT OF SINCE CY 2014 BEFORE CY 2018 LINE (174) (FY 2019 GEN ED REV 176 FY 2020 RESULT BEFORE REPORT, LINE 133) 197 RESCISSION/EXPIRE OF AUTH INFLATION ADJUSTMENT CREATED BY BOARD APPR = (174)- (175) = 187 PHASEOUT OF BEFORE CY 2018 LINE (186) 177 FY 2020 INFLATION 198 BOARD AUTHORITY FACTOR FY 2020 RESULT BEFORE PREVIOUSLY APPROVED 178 FY 2020 RESULT AFTER INFLATION ADJUSTMENT = (194)+(195) INFLATION ADJUSTMENT = (186)-(187) = -(196)-(197) = (MAY INCL BRD CONV) = (176) X (177) = 177 FY 2020 INFLATION 199 REMAINING POTENTIAL FACTOR BOARD ACTION = 179 BOARD CONVERTED ALLOWANCE 189 FY 2020 RESULT AFTER GREATER OF ZERO CONTINUING AFTER PHASEOUT ON INFLATION ADJUSTMENT OR [300 - (198)] = LINES (172) AND (175) = (188) X (177) = 200 BOARD APPR CONVERSION 180 COMBINED AUTH SUBJECT 190 BOARD CONVERTED ALLOWANCE IN CY 2018? NO TO LOR REDUCTION CONTINUING AFTER PHASEOUT ON BEFORE REDUCTION LINES (183) AND (187) 201 AMOUNT REQUESTED (MAY INCL BRD CONV) = (173)+(178)+(179) = 191 ADDED BY ELECTIONS 202 AUTHORITY CONVERTED = HELD IN CY 2017 WITH LEAST OF (193),(199), 169 LOCAL OPTIONAL DELAY OR (201) = ALLOWANCE POTENTIAL ADDITIONAL 192 COMBINED AUTH NOT SUBJ CREATED AUTHORITY 181 COMBINED AUTH SUBJECT TO LOR REDUCT EXCLUDING = (199)-(193) = TO LOR REDUCT AFTER BOARD INCREASE REDUCTION = GTR OF = (185)+(189) = 1, BOARD APPROVED ZERO OR[(180)-(169)]= CREATED AUTHORITY? NO 193 TOTAL AUTHORITY BEFORE ELECTIONS EXCLUDING 205 REQUESTED PORTION BOARD INCREASE OF POTENTIAL = (181)+(192) = 1, BOARD INCREASE

5 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 05 OF 40 BOARD APPROVED AUTHORITY (CONT) REFERENDUM CAPS EQUITY REVENUE (CONT) 216 INFLATION FACTOR (EST) 230 RURAL 5TH PERCENTILE 6, ADDED BOARD INCREASE FY 2015 TO FY RURAL 95TH PERCENTILE 8, = (203) X (205) = 232 RURAL GAP 217 STANDARD CAP =(231)-(230) = 1, BOARD INCREASES $1,845 X (216) = 2, INCLUDING CY DISTRICT'S REGION: = (206)+(195)-(197) = ALTERNATE CAP METRO=MET; RURAL=RUR RUR OLD LAW REVENUE BASED 208 BOARD APPROVED TOTAL (2015 GEN ED REV 234 DIST'S REGION'S EQUITY = (198)+(202)+(207) = REPORT, LINE 134) 1, GAP = (229) OR (232)= 1, ALTERNATE CAP, REV BASED 235 DIST'S REGION'S 95TH NEW ELECTIONS = (216) X (218) = 1, PCT = (228) OR (231)= 8, WITHOUT INFLATION ALTERNATE CAP 236 DISTRICT'S REVENUE/PU 209 FY 2020 AUTH SUBJECT OLD LAW ALLOWANCE BASED FOR EQUITY PURPOSES TO LOR REDUCTION (2015 GEN ED REV = [(102)+(226)+ CANCELLED BY ELECTIONS REPORT, LINE 132) 1, (251)]/(57) = 7, HELD IN CY FORMULA ALLOW GROWTH 237 DISTRICT'S EQUITY GAP 210 FY 2020 AUTH NOT SUBJ FACTOR = = GREATER OF ZERO LOR REDUCTION [(6,312/5,831)-1]/ OR (235)-(236) = CANCELLED BY ELECTIONS HELD IN CY ALT CAP, ALLOWANCE BASED 238 EQUITY INDEX =(220)X(221)- 424 = 1, = (237)/(234) = FY 2020 $/APU 239 = $80 X (238) = ADDED BY ELECTIONS 223 ALTERNATE CAP = HELD IN CY 2018 GREATER OF 226 REFERENDUM REVENUE 531, (219) OR (222) = 1, NEW ELECTIONS 240 INITIAL EQUITY ALLOW WITH INFLATION 139 SPARSITY REVENUE IF (237)=0 THEN (240)=0 ELSE IF (226)=0 212 FY 2020 AUTH SUBJECT 224 CAP ON AUTHORITY PER THEN (240)=$14 TO LOR REDUCTION APU: IF (139)>0 ELSE (240)=$14+(239) CANCELLED BY ELECTIONS THERE IS NO CAP; HELD IN CY 2018 ELSE (224) = GTR ADJ PU (EST) OF (217) OR (223) 2, = (57) X (240) = 26, FY 2020 AUTH NOT SUBJ LOR REDUCTION 225 FY 2020 $/ADJ PU, 242 FY 2020 STATE AVERAGE CANCELLED BY ELECTIONS CAPPED TOTAL = LSR REF REV/ADJ PU (EST) HELD IN CY 2018 OF (215) OR (224) = 1, =.10 X (242) = FY 2020 $/APU ADJ PU (EST) FY 2020 DISTRICT ADDED BY ELECTIONS REFERENDUM REV/ADJ PU 1, HELD IN CY FY 2020 REFER REVENUE = (57) X (225) = 531, = GTR OF ZERO OR 215 FY 2020 $/APU [(243)-(225)] = UNCAPPED TOTAL, ALL AUTHORITIES AFTER EQUITY REVENUE ADJ PU (EST) LOC EQUITY SUBTRACTION 245 = LSR OF AND BOARD APPROVED 227 METRO 5TH PERCENTILE 6, $100,000 OR NEW AUTHORITY 228 METRO 95TH PERCENTILE 8, [(57) X (244)] = = (193)-(209)-(210) 229 METRO GAP 246 = (241)+(245) = 26, (211)-(212)-(213) =(228)-(227) = 1, (214)+(206)+(195) 247 BOTH RUR AND MET = + (184)+(191)-(197) = 1, = 0.25 X (246) 6,647.39

6 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 06 OF 40 EQUITY REVENUE (CONT) LOCAL OPTIONAL AIDS & LEVIES (CONT) BREAKDOWN OF REFERENDUM REVENUES ADJ PU (EST) LOCAL OPTIONAL LIMIT 226 REFERENDUM REVENUE 248 = $50.00 X (57) = 23, = (170) X (257) = 202, ALL AUTHORITIES 531, LOCAL OPTIONAL AID 249 EQUITY REVENUE = (170)-(258) = 272 TOTAL, TIER 1 = (246)+(247)+(248) = 57, = (57) X (268) = 143, TOTAL, TIER 2 EQUITY AIDS & LEVIES = (57) X (269) = 219, TRANSITION REVENUE 274 TOTAL, TIER EQUITY REVENUE 57, = (57) X (270) = 168, TRANSITION ALLOWANCE 275 TOTAL, UNEQUALIZED (FY 2015 GENERAL 260 EQUITY LIMIT = (226)-(272) EDUC REVENUE REPORT, = (249) X (257) = 57, (273)-(274) = LINE 174) EQUITY AID = (249)-(260) = 251 TRANSITION REVENUE REFERENDUM LEVY PORTIONS = (57) X (250) = TRANSITION AIDS & LEVIES 256 FY 2020 RMV/RES PU 536, STUDENT ACHIEVEMENT LEVY 251 TRANSITION REVENUE TIER 1 = LSR OF 1 NOTE: PHASED OUT IN FY 2018 OR (256)/$880,000 = TRANSITION LIMIT 277 TIER 2 = LSR OF 1 = (251) X (257) = OR (256)/$510,000 = OPERATING CAPITAL AIDS & LEVIES 263 TRANSITION AID 278 TIER 3 = LSR OF 1 = (251)-(262) = OR (256)/$290,000 = OPERATING CAP REVENUE 115, ANTC 5,065,117 REFERENDUM AIDS & LEVIES REFERENDUM LEVY AUTHORITY ADJ PU (EST) FY 2020 ANTC/ADJ PU 225 REFER $/APU 279 TIER 1 LEVY = (30)/(57) = 10, ALL AUTHORITIES 1, = (272) X (276) = 87, TIER 2 LEVY 253 LEVY RATIO FOR OPER CAP 264 TIER 1 CAP/APU = (273) X (277) = 219, = LESSER OF 1 OR 265 TIER 2 CAP/APU TIER 3 LEVY (252)/$22,912 = TIER 3 STD CAP/APU = (274) X (278) = 168, = 0.25 X (101) = 1, UNEQUALIZED LEVY 254 OPERATING CAP LIMIT 282 TOTAL = (279) = (167) X (253) = 53, SPARSITY REVENUE + (280)+(281)+(275) = 475, OPERATING CAP AID 267 TIER 3 CAP/APU INITIAL TIER 1 LEVY, = (167)-(254) = 62, IF (139) > ZERO TRUTH IN TAXATION SPLIT THEN (267) = 9, ELSE (267) = (266) 1, TIER 1 BOARD APPROVED LOCAL OPTIONAL AIDS & LEVIES =(279)X(208)/(268)= BREAKDOWN OF $/APU 284 TIER 1 VOTER APPROVED 170 LOCAL OPTIONAL REV 202, BY TIER, ALL AUTHORITIES = (279) - (283) = 87, RMV 361,395, TIER 1 = LSR OF INITIAL REFERENDUM AID RES PU (EST) (225) OR (264) = FY 2020 RMV/RES PU 269 TIER 2 = [LSR OF (225) 285 TIER 1 AID = (10)/(46) = 536, OR (265)]-(268) = = (272)-(279) = 55, TIER 3 = [LSR OF 286 TIER 2 AID 257 LEVY RATIO FOR (225) OR (267)] = (273)-(280) = LOCAL OPTIONAL, EQUITY, - (268) - (269) = TIER 3 AID TRANSITION & REF TIER UNEQUALIZED = (274)-(281) = = LESSER OF 1 OR = (225)-(268) 288 TOTAL AID (256)/$510,000 = (269)-(270) = = (285)+(286)+(287) = 55,897.24

7 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 07 OF 40 TAX BASE REPLACEMENT AID (TBRA) TAX BASE REPLACEMENT AID (CONT) REFERENDUM AID GUARANTEE (CONT) 289 ADJ INITIAL TBRA 309 REFER EQUALIZATION AID 321 FY 2020 COMBINED (FROM TBRA PHASEOUT BEFORE AID GUARANTEE INITIAL AID REPORT, LINE 11) = (301)+(302)+(303) = 55, = (259)+(309) = 55, CONVERTED ADJ FY REFERENDUM LEVY 322 REVENUE RATIO = REF AUTHORITY BEFORE AID GUARANTEE LESSER OF 1 OR (FY 2015 GENERAL = (305) + (306) [(320)/(316)] = EDUC REVENUE REPORT, + (307) + (308) = 475, LINE 254) 2012 RMV 317,890,555 TIER 1 LEVY TRUTH IN RMV 361,395, FY 2020 REF $/APU, TAXATION SPLIT BEFORE 323 RMV RATIO = UNCAPPED TOTAL 1, AID GUARANTEE LESSER OF 1 OR [2012 RMV/(10)] = PRORATED TBRA 311 TIER 1 BOARD APPROVED = LSR OF (289) OR =(304)X(208)/(268)= 324 FY 2020 MINIMUM (289)X(225)/(290)] = 312 TIER 1 VOTER APPROVED COMBINED AID = (305) - (311) = 87, = (319)X(322)X(323) = 88, FY 2020 REFER REV 531, FY 2020 REFERENDUM HOLD 292 CAPPED TBRA = LSR OF REFERENDUM AID GUARANTEE HARMLESS AID INCREASE (291) OR (226) = IF (313)=0 THEN 0, 313 FY 2015 REFERENDUM AID ELSE GREATER OF 0 INITIAL REVENUES ARE REDUCED TO INCREASE FROM GUARANTEE OR [(324)-(321)] = MAKE TAX BASE REPLACEMENT AID (FY 2015 GEN ED REV REVENUE-NEUTRAL. REVENUE COMPONENTS REPORT, LINE 276) INITIAL LEVIES ARE REDUCED TO ARE REDUCED IN THE FOLLOWING ORDER: MAKE THE REFER AID GUARANTEE 314 FY 2015 REFERENDUM REV REVENUE-NEUTRAL. LEVY COMPONENTS 293 TIER 3 AID (FY 2015 GEN ED REV ARE REDUCED IN THE FOLLOWING ORDER: 294 TIER 2 AID REPORT, LINE 289) 821, TIER 1 AID 315 FY 2015 LOCATION 326 TIER 1 LEVY-BRD APR 296 TIER 1 LEVY-BRD APR EQUITY REVENUE 327 TIER 1 LEVY-VTR APR 297 TIER 1 LEVY-VTR APR (FY 2015 GEN ED REV 328 TIER 2 LEVY 298 TIER 2 LEVY REPORT LINE 198) 329 TIER 3 LEVY 299 TIER 3 LEVY 330 UNEQL LEVY 300 UNEQL LEVY 316 FY 2015 COMBINED REVENUE = (314)+(315) = 821, APPLYING THESE REDUCTIONS: REFERENDUM AID & LEVY SUMMARY 317 FY 2015 REFERENDUM AFTER REF AID GUARANTEE 292 TAX BASE REPLACE AID EQUALIZATION PLUS 301 TIER 1 AID HOLD HARMLESS AID 331 TIER 1 LEVY BRD APR = (285)-(295) = 55, (FY 2015 GENERAL = (311) - (326) = 302 TIER 2 AID EDUC REVENUE REPORT, 332 TIER 1 LEVY VTR APR = (286)-(294) = LINES 276 & 287) 112, = (312) - (327) = 87, TIER 3 AID 333 TIER 2 LEVY = (287)-(293) = 318 FY 2015 LOCATION = (306) - (328) = 219, TIER 1 LEVY-BRD APR EQUITY AID 334 TIER 3 LEVY = (283)-(296) = (FY 2015 GENERAL = (307) - (329) = 168, TIER 1 LEVY-VTR APR EDUC REVENUE REPORT, 335 UNEQL LEVY = (284)-(297) = 87, LINE 197) = (308) - (330) = 306 TIER 2 LEVY = (280)-(298) = 219, FY 2015 COMBINED AID 336 VOTER-APPR REF LEVY 307 TIER 3 LEVY FOR GUARANTEE = (332) + (333) = (281)-(299) = 168, = (317)+(318) = 112, (334) + (335) = 475, UNEQL LEVY = (275)-(300) = 320 FY 2020 COMBINED REVENUE 337 TOTAL REFERENDUM LEVY = (170)+(226) = 734, = (331) + (336) = 475,855.94

8 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 08 OF 40 REFERENDUM AID & LEVY SUMMARY (CONT) GENERAL AIDS & LEVIES SPECIAL EDUCATION AID 338 TOTAL REFERENDUM 254 OPERATING CAP LEVY 53, ESTIMATES OF FY 2020 SPECIAL EDUC EQUALIZATION AID 258 LOCAL OPTIONAL 202, AID SHOWN BELOW ARE BASED ON END OF = (292)+(301)+(302) = 260 EQUITY LEVY 57, SESSION 2018 ESTIMATES. PLEASE NOTE + (303)+(325) = 55, TRANSITION LEVY THAT THESE ARE ROUGH ESTIMATES AND 337 TOTAL REFERENDUM LEVY 475, MAY CHANGE SIGNIFICANTLY WHEN UPDATED DATA BECOME AVAILABLE. ALTERNATIVE ATTENDANCE ADJUSTMENT 346 TOTAL GENERAL ED LEVY (CHARTER TRANSPORT AND = (254)+(258)+(260) 359 SPEC ED REGULAR MN STATE ACAD ADJ'S ONLY) + (262)+(337) = 790, BEFORE TUITION ADJ 469, TOTAL GENERAL ED AID 360 NET TUITION ADJUST 83, TRANSPORT ALLOWANCE = (345)-(346)= 3,532, EXCESS COST AID 109, ADJ PU OF CHARTER 362 HOLD HARM/GROWTH LMT SCHOOLS TRANSPORTED BY DISTRICT ALTERNATIVE TEACHER COMPENSATION REV 363 TOTAL SPECIAL EDUC AID = (359) TO (362) = 494, EXT TME PU OF CHARTER 348 ENROLLMENT AS OF OCT 1, SCHOOLS TRANSPORTED 2017 AT PARTICIPATING BY DISTRICT SITES (FY 2019 GENERAL ACHIEVEMENT AND 341 CHARTER ALT ATTENDANCE EDUC RPT, LINE 331) INTEGRATION REVENUE ADJUST = (147) X (339) 349 EST ENROLLMENT AS OF + $223 X (340) = OCTOBER 1, 2018 AT ADJ PU (EST) PARTICIPATING SITES RES PU ATTENDING = (348)X[(50)/(49)] = 364 FY 2020 EST MN STATE ACADEMIES INITIAL BUDGET 34, MN STATE ACADEMIES 350 ALTERNATIVE TEACHER 365 FY 2020 EST ALT ATTENDANCE ADJ COMPENSATION REVENUE INCENTIVE BUDGET 5, = - (101) X (342) = = $ X (349) = 366 FY 2020 ADJ INITIAL BUDGET 344 ALT ATTEND ADJUST ALT TEACHER COMP AIDS & LEVIES = (364) X = 34, TO AID = (341)+(343) = 350 ALT COMP REVENUE 367 OCT 1, 2017 ENROLL OF PROTECTED STUDENTS ALT COMP BASIC AID GENERAL EDUCATION REVENUE SUMMARY = 0.65 X (350) = 368 EST OCT 1, 2018 ENROLL OF PROTECTED STUDENTS 102 BASIC 3,015, BASIC AID PRORATION = (367) = DECLINING ENROLL 111 PENSION ADJUSTMENT 8, PRORATED BASIC AID 369 OCT 1, GIFTED & TALENTED 6, = (351)X(352) = TOTAL ENROLLMENT EXTENDED TIME 370 EST OCT 1, BASIC SKILLS 169, PRO BASIC AID TO LEVY TOTAL ENROLLMENT 139 SPARSITY = (351) - (353) = = (369) = SMALL SCHOOLS 130, TRANSPORT SPARSITY 84, ALT COMP LEVY REVENUE 371 PROTECTED ENROLLMENT 167 OPERATING CAPITAL 115, =(350)-(353) = RATIO =(368)/(370)= LOCAL OPTIONAL 202, INITIAL ACHIEVE & 226 REFERENDUM 531, FY 2020 ANTC/ADJ PU 10, INTEG REVENUE FORMULA 249 EQUITY REVENUE 57, ALT COMP LEVY RATIO IF (364) > TRANSITION = LESSER OF 1 OR = $350 X (57)X(371) = 32, ALT ATTENDANCE ADJ [(252)/$6,100] = TOTAL GENERAL REVENUE 373 INTEG HOLD HARMLESS = (102)+(105)+(111) 357 ALT TEACHER COMP LEVY (FROM FY 2019 INTEG + (112)+(113)+(127) = (355) X (356) = REV RPT, LINE 11) + (139)+(142)+(161) 374 INITIAL ACHIEVE & INTEG + (167)+(170)+(226) 358 ALT COMP EQUALIZATION AID REVENUE = LSR OF (366) + (249)+(251)+(344) = 4,322, = (350)-(353)-(357) = OR [(372)+(373)] = 32,797.26

9 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 09 OF 40 ACHIEVEMENT AND ICE ARENA LEVY ANNUAL OTHER POSTEMPLOYMENT INTEGRATION REVENUE (CONT) BENEFITS (CONT) 390 FY 2018 NET OPR COSTS 375 INCENTIVE REV 391 ICE ARENA LEVY LIMIT 406 PRORATION FACTOR TO =LSR OF (365) OR = 100% OF (390) = REFLECT STATEWIDE CAP [(57) X $10] = 4, ANNUAL OPEB LEVY LIMIT = (405) X (406) = 376 ACHIEVE & INTEG REVENUE FY 2019 CAREER & TECHNICAL = (374) + (375) = 37, SHARE OF FY 2019 EST NONPUBLIC TRANSPORTATION AID 377 ACHIEVE & INTEG LEVY COOPERATIVE BUDGET = (376) X.30 11, FY 2019 ESTIMATED 408 ESTIMATED FY 2018 DISTRICT BUDGET 57, REG/EXCESS COST 245, TRANSFER TO MDE 409 ACTUAL FY 2018 IF (374)=(366) 394 FY 2019 EST BUDGET BUS DEPRECIATION 48, THEN (378)=(366)-(364) = (392) + (393) = 57, FY 2018 REGULAR FTE ELSE (378)=(374)X FY 2018 EXCESS FTE PRELIMINARY REVENUE 412 ESTIMATED FY ACHIEVE & INTEG AID =.35 X (394) = 20, NONPUBLIC FTE =(376)-(377)-(378)= 26, LAST YEAR REVENUE 413 FY 2020 NONPUBLIC (FY 2018 CTE AID TO AND FROM AID REEMPLOYMENT INSURANCE LEVY REPORT, LINE 16) 16, = [(408)+(409)] / [(410)+(411)] X(412) 380 EST FY 2019 EXPEND 3, REVENUE GUARANTEE X $6,312/$6,188 = = LESSER OF (394) 381 INITIAL REEMPLOYMENT OR (396) = 16, ESTIMATED FY 2018 LEVY = 100% OF (380)= 3, PRELIMINARY REVENUE NONPUBLIC = GREATER OF (395) NONREGULAR COST OR (397) = 20, ESTIMATED FY 2020 SAFE SCHOOLS LEVY 399 REVENUE ALLOCATION FOR NONPUBLIC CAREER TECH PER NONREGULAR AID 382 SAFE SCH LVY REQUEST? YES MS 124D.4531, SUBD 5 = (414) X ADJ PU (EST) [$6,312/$6,188] 400 CAREER TECH REVENUE 383 SAFE SCH LEVY LIMIT = (398) + (399) = 20, FY 2020 ESTIMATED = $36 X (57) = 17, TRANSPORTATION AID ANTC 4,892,851 = (413)+(415) = ADJ PU (EST) SAFE SCHOOLS INTERMEDIATE LEVY 401 FY 2019 ANTC/ADJ PU = (29)/(56) = 10, CAPITAL RELATED LEVY LIMITATIONS 384 SAFE SCH INTERMEDIATE LEVY REQUEST? NO 402 LEVY RATIO FOR CTE LONG TERM FACILITIES MAINTENANCE = LESSER OF 1 OR REVENUE (LTFM) 385 INTERMEDIATE LEVY (401)/$7,612 = ALLOWANCE <= $ LTFM PLAN 403 CAREER TECH LEVY LIMIT APPROVAL STATUS APPROVED 386 SAFE SCH INTERMEDIATE = (400) X (402) = 20, LIMIT 404 EST CAREER TECH AID INITIAL LTFM REVENUE = (57) X (385) = = (400) - (403) = ADJ PU (EST) AVE BLDG AGE (EST) JUDGMENT LEVY ANNUAL OTHER POSTEMPLOYMENT (NO MAX AGE LIMIT) BENEFITS (OPEB) 452 BLDG AGE RATIO = LSR 387 DISTRICT JUDGMENTS OF 1 OR (451)/35 = INTERMED JUDGMENTS 405 AUTHORITY REQUESTED BY 389 JUDGMENT LIMIT DISTRICT BASED UPON 453 INITIAL LTFM REVENUE = =(387)+(388) = FY 2018 EXPENSES PAID $380 X (57) X (452) = 181,564.00

10 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 10 OF 40 INITIAL LTFM REVENUE (CONT) OLD LAW ALTER FACILITIES (CONT) LTFM REVENUE (CONT) ADDITIONAL LTFM REVENUE 462 PAYGO REVENUE FOR 470 DISTRICT LTFM REVENUE FOR QUALIFIED H&S ALT FAC AND AF/H&S = (468) - (469) = 559, PROJECTS > $100,000 = (460)+(461) = 471 DISTRICT SHARE OF 766 NET DEBT SERVICE FOR 765 NET DEBT SERVICE FOR ELIGIBLE COOP/INTERMED EXISTING REGULAR EXISTING AND NEW REGULAR LTFM PROJECTS ALT FAC/H&S BONDS 1B ALT FAC BONDS 1A 472 TOTAL LTFM REVENUE 454 NET DEBT SERVICE FOR 766 NET DEBT SERVICE FOR = (470) + (471) = 559, PORTION OF EXISTING EXISTING AND NEW REGULAR ALT FAC BONDS 1A FOR ALT FAC/H&S BONDS 1B QUALIFIED H&S PROJ LTFM TOTAL AIDS & LEVIES 767 NET LTFM REQ DEBT FOR 767 NET LTFM REQ DEBT FOR ELIG H&S>$100K 377, ADJ PU (EST) ELIG H&S>$100K 377, NET LTFM REQ DEBT FOR 473 LTFM EQUALIZED REVENUE 455 NEW PAYGO LTFM LEVY ALL OTHER PROJECTS FOR = LSR OF (468),(470) FOR ELIG H&S>$100K ALT FAC 1A, IF (465)=NO OR $380 X (57) = 181, THEN (769), ELSE TOTAL ADDL LTFM REV AG MODIFIED ANTC FOR PROJECTS >$100K 768 NET LTFM REQ DEBT FOR LTFM REVENUE 4,957,175 = (766)+(454) SERVICE FOR VPK ADJ PU (ACT) (767)+(455) = 377, NEW PAYGO LTFM LEVY 474 FY 2017 ANTC PER APU ADDITIONAL LTFM REVENUE FOR VPK = (33) / (54) = 9, FOR QUALIFIED VOLUNTARY PRE-KINDERGARTEN 464 TOTAL OLD LAW ALT FAC 475 STATEWIDE ANTC/APU 8, AND AF/H&S REVENUE 476 LTFM EQUAL FACTOR 768 NET LTFM REQ DEBT = (462)+(765)+(766) = 123% OF (475) = 9, SERVICE FOR VPK + (767)+ (463)+(768) 477 LTFM LEVY RATIO = LSR +(457) = 377, OF 1 OR (474)/(476) = NEW PAYGO LTFM LEVY 478 LTFM AID RATIO = FOR VPK = 1 - (477) = OLD LAW DEFERRED MAINTENANCE 458 TOTAL LTFM REVENUE 479 LTFM INITIAL EQUAL AID UNDER NEW LAW 465 ELIGIBLE FOR OLD LAW = (473) X (478) = 5, = (453) + (456) DEF MAINT REVENUE? YES 480 LTFM INITIAL EQUALIZED LEVY + (768) + (457) = 559, OLD LAW DEFERRED = (473) - (479) = 176, MAINTENANCE REVENUE = (453) X $64/$380 = 30, TOTAL ALT FAC OLD LAW HEALTH AND SAFETY (H&S) GRANDFATHER AID 467 TOTAL OLD LAW FORMULA 459 OLD LAW HEALTH & SAFETY REVENUE FOR HOLD HARMLESS 482 TOTAL LTFM EQUAL AID REVENUE = FY 2020 = (459)+(464)+(466) = 441, = GREATER OF ESTIMATED H&S COST = 33, (479) OR (481) = 5, LTFM REVENUE 483 TOTAL LTFM EQUAL LEVY OLD LAW ALTERNATIVE FACILITIES = GTR OF ZERO OR (ALT FAC OR AF/H&S) 468 LTFM REVENUE FOR SCHOOL (473) - (482) = 176, DISTRICT PROJECTS 460 REG ALT FAC PAYGO = GREATER OF 484 TOTAL LTFM UNEQUAL LEVY REVENUE APPROVED (458) OR (467) = 559, = GTR OF ZERO OR FOR FY A (472)-(482)-(483) = 377, DISTRICT REQUESTED 461 ALT FAC/H&S PAYGO REV REDUCTION FROM MAXIMUM 485 TOTAL LTFM LEVY FOR FY B (FROM LIS SYSTEM) = (483) + (484) = 554,217.64

11 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 11 OF 40 DEBT SERVICE PORTION OF LTFM REV GEN FUND PORTION OF LTFM REV (CONT) LEASE LEVY LIMITATION (CONT) 765 NET ALT FAC REG DEBT 495 GEN FUND LTFM UNEQUAL LIMIT INSTRUCTIONAL/STORAGE 766 NET ALT FAC/H&S DEBT = GTR OF ZERO OR 513 FY 2019 JOINT (491)-(493)-(494) = 138, FY 2020 JOINT 767 NET LTFM REQ DEBT FOR 496 TOTAL GEN FUND LTFM LEVY ELIG H&S>$100K 377, = (494) + (495) = 138, EXCESS FUNDS CAP LEASE 515 FY 2019 JOINT 768 NET LTFM REQ DEBT 516 FY 2020 JOINT SERVICE FOR VPK DISABLED ACCESS LIMIT 517 TOT INTERMED CAPITALIZED 769 NET LTFM REQ DEBT FOR 497 FY 1992-FY 2020 = SUM[(511) TO (514)] ALL OTHER PROJECTS 42, APPROV DIS ACC COSTS 300, (515) - (516) = 498 MAXIMUM = GTR OF (JUNE 770 TOTAL DEBT SERVICE 1991 COMPONENT DISTS X 518 TOT INTERMED LEASE COSTS LTFM REVENUE 150,000) OR 300,000 = 300, = (510) + (517) = = (765)+(766)+(767) 499 LSR OF (497) OR (498) 300, (768)+(769) = 420, ADJ PU (EST) FIRST YEAR DISABLED 519 INTERMED PUPIL UNIT MAX 486 LTFM DEBT SERV EQUAL ACCESS LEVY CERTIFIED 1992 LIMIT = $65 X (57) = REVENUE = LESSER OF 501 LAST YEAR TO CERTIFY (473) OR (770) = 181, = (500) + 7 YEARS = INTERMED LEASE LIMIT 502 TOTAL CUM CERT LEVY =LSR (518) OR (519) = 478 LTFM AID RATIO (PAY 93 TO PAY 17) 300, LTFM DEBT INITIAL EQUAL 521 INTERMED CARRYOVER (INCL AID = (486)X(478) = 5, CERT LEVY PAY 2018 IN REGULAR LEASE LIMIT) 504 TOTAL CERTIFIED LEVY = (518) - (520) = 488 LTFM DEBT EQUAL AID = (502)+(503) = 300, = GREATER OF (481) OR (487) BUT NOT 505 DISABLED ACCESS LIMIT APPROVED REGULAR OPERATING LEASES MORE THAN (770) = 5, = GREATER OF ZERO OR (499)-(504)= ADMINISTRATIVE SPACE 489 LTFM DEBT EQUAL LEVY = GTR OF ZERO OR 522 FY 2019 NONJOINT (486) - (488) = 176, LEASE LEVY LIMITATION 523 FY 2020 NONJOINT 490 LTFM DEBT UNEQUAL LEVY DIST'S SHARE OF JOINT 524 FY 2019 JOINT = GTR OF ZERO OR LEASE FOR INTERMED DISTS 525 FY 2020 JOINT (770)-(488)-(489) = 239, , 288, 916 AND 917 INSTRUCTIONAL/STORAGE APROV INTERMED OPERATING GENERAL FUND PORTION OF LTFM REV 526 FY 2019 NONJOINT 3, ADMINISTRATIVE SPACE 527 FY 2020 NONJOINT 472 TOTAL LTFM REVENUE 559, FY 2019 JOINT 528 FY 2019 JOINT 9, FY 2020 JOINT 529 FY 2020 JOINT 491 TOTAL GENERAL FUND LTFM REVENUE INSTRUCTIONAL/STORAGE 530 REG OPERATING LEASES = (472) - (770) = 138, FY 2019 JOINT = (522) TO (529) = 13, FY 2020 JOINT 492 LTFM GEN FUND EQUAL REV = (473) - (486) = 510 TOT INTERMED OPERATING APPROVED REGULAR CAPITALIZED LEASES = (506) TO (509) = 493 LTFM GEN FUND EQUAL AID ADMINISTRATIVE SPACE = (482) - (488) = APROV INTERMED CAPITALIZED 531 FY 2019 NONJOINT 494 GEN FUND LTFM EQUAL LIMIT ADMINISTRATIVE SPACE 532 FY 2020 NONJOINT = GTR OF ZERO OR 511 FY 2019 JOINT 533 FY 2019 JOINT (492) - (493) = 512 FY 2020 JOINT 534 FY 2020 JOINT

12 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 12 OF 40 APPR REG CAP LEASES (CONT) OTHER INITIAL GENERAL LEVIES COMMUNITY SERVICE INSTRUCTIONAL/STORAGE 556 CONSOLIDATION/ BASIC COMMUNITY EDUCATION TRANSITION 535 FY 2019 NONJOINT 557 REORGANIZATION 601 POPULATION (YR 2010) 4, FY 2020 NONJOINT OPERATING DEBT 602 GTR OF (601) OR 1,335 4, FY 2019 JOINT 558 HEALTH BENEFITS 538 FY 2020 JOINT 559 HEALTH INS (MPLS) 603 YOUTH SERVICE PROG? YES 539 FY 2020 TIES LEASE 560 ADDL RETIREMENT 540 FY 2019 TRANSPORT HUB (MPLS AND STP) 604 AFTER SCHOOL 561 SEVERANCE ENRICHMENT? YES EXCESS FUNDS CAP LEASE 562 ADMIN DISTRICT 563 SWIMMING POOL 605 FY 2020 GENERAL REVENUE 541 FY 2019 NONJOINT 564 TREE GROWTH 1, = $5.42 X (602) = 23, FY 2020 NONJOINT 565 CONSOLIDATION/ 543 FY 2019 JOINT RETIREMENT 606 FY 2020 YOUTH SERVICE 544 FY 2020 JOINT 566 ECON DEVELOP ABATE REV = $1.00 X (602) = 4, OTHER GENERAL (MEMO) 545 REG CAPITALIZED LEASES 607 FY 2020 AFTER SCHOOL = (531) TO (540) SUBTOTAL--OTHER INITIAL REVENUE = $1.85 X (602) (541) TO (544) = GENERAL LEVIES NOT TO EXCEED 10,000 = (556) T0 (567) = 1, AND $0.43 X POPULATION 546 TOTAL APPROVED REGULAR IN EXCESS OF 10,000 8, LEASE COST & CARRYOVER INITIAL GENERAL FUND LEVY =(521)+(530)+(545)= 13, FY 2020 COMMUNITY 569 GENERAL RMV VOTER EDUCATION REVENUE ADJ PU (EST) APPROVED JOBZ EXEMPT = (605)+(606)+(607) = 35, REG PUPIL UNIT MAXIMUM = (336) 475, LIMIT = $212 X (57) = 101, ANTC 5,065, GENERAL RMV OTHER 609 STANDARD COMM ED LEVY 548 COMM APPROVED LIMIT JOBZ EXEMPT = X (30) = 47, = (258)+(260) 549 REGULAR MAX LIMIT + (262)+(331) = 260, COMM ED LEVY LIMIT =GTR (547) OR (548)= 101, LSR (608) OR (609) = 35, GENERAL NTC 550 REGULAR LEASE LIMIT VOTER APPROVED 611 FY 2020 EST GROSS COMM ED =LSR (546) OR (549)= 13, JOBZ EXEMPT AID = (608)-(610) = = (554) 551 TOTAL LEASE LEVY LIMIT = (520) + (550) = 13, GENERAL NTC OTHER EARLY CHILD FAMILY EDUCATION INITIAL CAPITAL RELATED LEVIES GENED JOBZ EXEMPT PHASED OUT IN 2018 FY 2018 ECFE ANNUAL REPORT MUST BE SUBMITTED TO CERTIFY 573 GENERAL NTC OTHER JOBZ EARLY CHILDHOOD FAMILY ED & 254 OPERATING CAPITAL 53, =(357)+(377)+(381) HOME VISIT LEVIES FOR FY LT FAC MAINTENANCE 138, (383)+(386)+(389) 505 DISABLED ACCESS +(391)+(403)+(407) 612 DIST PLANS TO LEVY FOR 551 LEASE LEVY 13, (555)-(554)+(568) = 258, FY 2020 ECFE REVENUE? YES 552 COOP BLDG REPAIR 553 OTHER CAPITAL (MEMO) 574 TOTAL INITIAL GENERAL 613 ECFE ANNUAL REPORT 554 CAP PROJECTS REFER LEVY LIMITATION SUBMITTED? YES = (569)+(570)+(571) 614 EST POPULATION UNDER 555 CAPITAL RELATED LIMITS + (572)+(573) = 995, FIVE YEARS OF AGE 183 = (254)+(496)+(505) + (551)+(552)+(553) 615 GTR OF 150 OR (614) = (554) = 205, ECFE ALLOWANCE X (101) =

13 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 13 OF 40 EARLY CHILD FAMILY ED (CONT) SCHOOL-AGE CARE (CONT) REQUIRED DEBT ELIGIBLE FOR NATURAL DISASTER EQUAL AID (MS 123B.535) 617 FY 2020 EARLY CHILD 629 ANTC/RES PU FAMILY REVENUE = (30)/(46) = 7, NATURAL DISASTER REQ DEBT SERV LEVY IF (612) = YES 630 LEVY RATIO = LSR OF = (615) X (616), 1 OR (629)/$2,318 = IF ANNUAL REPT = YES 26, REQUIRED DEBT ELIGIBLE FOR DEBT 631 FY 2020 SCH-AGE CARE LIM EQUALIZATION AID (MS 123B.53) ANTC 5,065,117 = (628) X (630) = 618 ECFE TAX RATE TACONITE BONDS 619 = (618) X (30) = 14, FY 2020 EST GROSS REQ DEBT SERV LEVY SCHOOL-AGE CARE 620 EARLY CHILD LEVY LIMIT AID = (628)-(631) = 709 TAC FUNDING FOR = LESSER OF (617) BONDS (NOT IRRRB) OR (619) = 14, COMMUNITY SERVICE SUMMARY 710 TAC ADJ TO REQ = (709) 621 EST FY 2020 EARLY CHILD OR [(709) X 1.05] = AID = (617)-(620) = 11, OTHER COMM ED (MEMO) 711 NET REQ DEBT SERV LEVY 634 TOTAL INITIAL COMMUNITY TACONITE=(708)-(710)= HOME VISITING LIMIT SERVICE LEVY LIMIT = (610)+(620)+(625) 712 VOTER APPR ELIG BONDS 622 DIST PLANS TO LEVY FOR + (627)+(631)+(633) = 51, SOLD BY JULY 1, 2018 FY 2020 HOME VISIT? YES 713 NON-VOTER ELIG BONDS 623 HOME VISITING REVENUE GENERAL DEBT SERVICE (FUND 7) SOLD BY JULY 1, 2018 IF (622) = YES AND (619) > $0, REQUIRED DEBT SERVICE LEVY 714 VOTER APPR IRRRB BONDS = $3.00 X (614), (EQUAL TO 105% OF THE FY 2020 SOLD BY JULY 1, 2018 ELSE = $ PRINCIPAL AND INTEREST PAYMENTS) 715 TOTAL REQUIRED DEBT LEVY 252 FY 2020 ANTC/ADJ PU 10, ELIG FOR DEBT EQUAL AID 624 HOME VISIT LEVY RATIO REQUIRED DEBT ELIGIBLE FOR LONG TERM =(711)+(712) = LESSER OF 1 OR FACILITIES MAINTENANCE (LTFM) REV +(713)+(714)= (252) / $17,250 = ALT FAC REGULAR 625 FY 2020 HOME VISIT LIMIT REQ DEBT SERV LEVY REQUIRED DEBT FOR BONDS ELIG FOR =(623) * (624) FUTURE DEBT EQUALIZATION AID 702 ALT FAC/H&S 626 FY 2020 EST HOME VISIT REQ DEBT SERV LEVY 716 VOTER APPR BONDS SOLD AID =(623)-(625) AFTER JULY 1, NEW LTFM REQ DEBT FOR ELIG FOR FUTURE AID ELIG H&S>$100K 377, DISABLED ADULTS 717 NON-VOTER BONDS SOLD 704 NEW LTFM REQ DEBT AFTER JULY 1, DISABLED ADULTS LIMIT SERVICE FOR VPK ELIG FOR FUTURE AID LSR $30,000 OR 50% OF APPROVED EXPENDITURES 705 NEW LTFM REQ DEBT FOR 718 SUBTOTAL,FUTURE ALL OTHER PROJECTS 42, DEBT AID ELIGIBLE = (716) + (717) = SCHOOL-AGE CARE 706 TOTAL REQ DEBT SERV LEVY FOR LTFM REVENUE 628 FY 2020 SCH-AGE CARE REV = (701)+(702)+(703) OTHER REQUIRED DEBT FOR BONDS (FY 2020 EST COST) + (704)+(705) = 420, INELIGIBLE FOR DEBT EQUAL AID ANTC 5,065, VOTER APPR BONDS INELG RES PU (EST) FOR DEBT EQUAL AID

14 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 14 OF 40 NON-VOTER APPR INELIG BONDS FUND 7 DEBT BALANCE (CONT) BREAKDOWN OF NET DEBT EXCESS (CONT) 720 FACIL BOND-MS 123B.62 66, JUNE 2017 FUND EXCESS FOR ELIGIBLE 721 EQUIP BOND-MS 123B.61 BALANCE UNASSIGN NEG ALT FAC REGULAR BONDS 722 REORG OPER DEBT = (701) X (753) = 723 ECON DEV ABATEMENT 58, JUNE 2017 FUND JUDGMENT BALANCE RESTRICTED 756 EXCESS FOR ELIGIBLE 725 OTHER NON-VOTER (FOR DEBT EXCESS) 10, ALT FAC/H&S BONDS 726 INELG LEASE PURCHASE = (702) X (753) = 742 PAY 17 DEBT EXCESS 727 SUBTOTAL, REQ DEBT FOR LEVY REDUCTION 2, EXCESS FOR ELIGIBLE NON-VOTER INELIG BONDS LTFM IAQFAA BONDS =(720) THRU (726)= 125, PAY 18 DEBT EXCESS = (703) X (753) = LEVY REDUCTION 1, REQ DEBT SERVICE LEVY 758 EXCESS FOR ELIGIBLE FOR BONDS INELGIBLE 744 5% OF PAY 19 REQ DEBT LTFM VPK BONDS FOR DEBT EQUAL AID SERV LEVY=(729) X 5%= 27, = (704) X (753) = = (718)+(719)+(727) = 125, FUND 7 AVAIL BALANCE 759 EXCESS FOR ELIGIBLE 729 GDS REQ DEBT SERV LEVY GTR OF ZERO OR [(741) LTFM OTHER BONDS =(706)+(707)+(715) -(742)-(743)-(744)] = = (705) X (753) = +(718)+(719)+(728) = 546, RETAIN FOR CAPITAL 760 GENERAL FUND LEVY ADJ 730 GDS REQ DEBT SERV LEVY LOAN REPAYMENT FOR FACILITY & EQUIP VOTER APPR = (711)+(712) BONDS = +(714)+(716)+(719) = 747 APPROVED DEBT EXCESS -(720)-(721)-(750) = 66, TO BE RETAINED ANTC INCLUDING 761 UNALLOCATED DEBT JOBZ VALUATION 5,065, DISTRICT REQUESTED EXCESS = GTR OF ZERO 731 MAXIMUM EFFORT DEBT ADDITIONAL EXCESS OR [(751)-(752)] = SERVICE TAX RATE % 749 CERTIFIED DEBT EXCESS NET DEBT EXCESS SUMMARY 732 MAX EFFORT DEBT SERV = GTR OF 0 OR [(745) LEVY = (35) X (731) = -(746)-(747)+(748)= 762 DEBT EXCESS FOR VOTER 733 DS LOAN RECEIVABLE APPROVED BONDED DEBT = 750 EXCESS USED TO RETIRE [(730)-(716)]X(753) = 734 DEBT EQUAL REVENUE BASE FAC & EQUIP BONDS 763 DEBT EXCESS FOR NON- GTR OF (732) OR VOTER APPROVED DEBT [(715) - (733)] = 751 ADJUSTED DEBT EXCESS = (751)-(761)-(762) = = (749)-(750) = 735 BOARD AUTHORIZED 764 NET DEBT EXCESS FOR TRANSFER TO FUND 7 DEBT SERV LEVY REDUCT REDUCING REQUIRED BREAKDOWN OF NET DEBT EXCESS = (762)+(763) = DEBT SERVICE LEVY 752 BASE FOR NET DEBT 736 FEDERAL FUNDS EXCESS DISTRIBUTION LONG TERM FACILITIES MAINTENANCE AID REDUCING REQUIRED = IF (732)>0, THEN 0 DEBT SERVICE LEVY ELSE (729)-(718)= 546, NET ALT FAC REG DEBT = (701)-(755) = 753 DEBT EXCESS RATIO = 766 NET ALT FAC/H&S DEBT FUND 7 DEBT BALANCE LSR 1 OR (751)/(752)= = (702)-(756) = 737 JUNE 2017 FUND NET DEBT EXCESS FOR 767 NET LTFM REQ DEBT FOR BAL FOR BOND REFUND ELG REQ DEBT SERVICE ELIG H&S>$100K 738 JUNE 2017 FUND = (715) X (753) = = (703)-(757) = 377, BAL FOR QZAB & QSCB 768 NET LTFM REQ DEBT FOR 739 JUNE 2017 FUND ELIG VPK BALANCE NONSPENDABLE = (704)-(758) =

15 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 15 OF 40 LTFM AID (CONT) DEBT EQUALIZATION AID DEBT EQUALIZATION AID (CONT) 769 NET LTFM REQ DEBT FOR 734 DEBT EQUAL BASE 796 TIER 1 DEBT AID ALL OTHER PROJECTS 754 DEBT EXCESS FOR ELIG = (790) X (794) = = (705)-(759) = 42, REQUIRED DEBT 797 TIER 2 DEBT AID 770 NET DEBT LEVY FOR 781 FY 2020 NET REV ADJ = (789) X (795) = LT FAC MAINT TO DEBT EQUALIZATION = (765)+(766)+(767) REVENUE (MEMO) 798 TOTAL DEBT EQ AID + (768)+(769) = 420, = (796)+(797) = 782 FY 2020 GROSS DEBT 486 LTFM DEBT EQUAL REV 181, EQUALIZATION REVENUE 799 NON VOTER DEBT AID 488 LTFM DEBT EQUAL AID 5, =(734)-(754)+(781) = = (798)X(713)/(715) = 489 LTFM DEBT EQUAL LEVY 176, ANTC INCLUDING 800 VOTER APPR DEBT AID 490 LTFM DEBT UNEQUAL LVY 239, JOBZ VALUATION 5,065,117 = (798)-(799) = 783 =.1050 X (35) = 531, LTFM DEBT LEVY LIMIT 784 MAX UNEQ LOCAL EFFORT = (489) + (490) =.1574 X (35) = 797, ADJUSTMENT TO GDS LIMIT + (755) + (756) FOR MAXIMUM EFFORT DISTRICTS +(757)+(758)+(759) = 415, FY 2020 NET DEBT EQ REV = GTR OF 0 OR 801 NET ADJ DEBT SERV LEVY NATURAL DISASTER DEBT EQUALIZATION [(782) - (784)] = DO IF (732)>0, = GTR OF [(729)-(706) ANTC INCLUDING 786 PRELIM TIER 1 EQU REV -(719)-(720)-(721)-(798)] JOBZ VALUATION 5,065,117 =LSR (785) OR (783)= OR [(732)-(926)-(927) 772 TEN PERCENT ANTC 787 PRELIM TIER 2 EQU REV -(798)], ELSE 0 = 0.10 * (35) = 506,511 = (785)-(786) = 802 ADDL MAX EFF GDS LEVY = 707 REQ DEBT LEVY FOR 732 MAXIMUM EFFORT DEBT GTR OF 0 OR [(732) NATURAL DISASTER DEBT SERVICE LEVY -(926)-(927)-(801)] = 788 MIN TIER 2 REV FOR MAX 773 FY 2020 DISASTER DEBT EQ EFF = GTR OF ZERO OR 803 TOTAL VTR APR GDS LEVY REV = GTR OF ZERO OR [(732)-(783)-(784)] = LIMIT FOR MAX EFF DISTRICTS [(707) - (772)] = = (801)+(802) = 789 TIER 2 EQUAL REV = GTR ADJ PU (ACT) OF (787) OR (788) = 804 AID ELIG GDS LEVY LIMIT 774 FY 2017 ANTC PER APU 790 TIER 1 EQUAL REV FOR MAX EFF DISTRICTS = (35) / (54) = 9, = (785)-(789) = = (803) - (716) - (719) = 775 STATEWIDE AVE ANTC ADJ PU (ACT) INCL JOBZ PER APU 8, ANTC INCL JOBZ / ADJ PU = (35)/(54) = 9, MINIMUM EST MAX EFFORT PAYMENT 776 DISASTER EQUAL FACTOR = 300% OF (775) = 26, TIER 1 DEBT EQUAL 732 MAX EFFORT DEBT LEVY LEVY RATIO = LSR OF 1 OR 777 NATURAL DISASTER (791)/{GTR OF $4, MAX EFFORT REQ LEVY LEVY RATIO = LSR OF OR 55.33% OF (775)} = = GTR OF ZERO OR 1 OR (774)/(776) = [(729)+(926)+(927)-(706) 793 TIER 2 DEBT EQUAL -(719)-(720)-(721) = 778 DISASTER AID RATIO = LEVY RATIO = LSR OF 1 OR = 1 - (777) = (791)/{GTR OF $8, MINIMUM EST MAX EFFORT OR 100% OF (775)} = PAYMENT = GTR OF DISASTER DEBT EQUAL AID OR (732)-(805) = = (773) X (778) = 794 TIER 1 DEBT EQU AID RATIO = 1-(792) = 780 DISASTER LEVY LIMIT 795 TIER 2 DEBT EQU AID = (707) - (779) = RATIO = 1-(793) =

16 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 16 OF 40 ADJUSTMENT TO GDS LIMIT OTHER POSTEMPLOYMENT BENEFITS (OPEB) FUND 47 DEBT BALANCE (CONT) FOR IRRRB ALLOCATION & PENSION DEBT SERVICE (FUND 47) 807 FY 2020 IRRRB FUNDING 901 LEVY BONDS IRREV TRUST 919 RETAIN FOR CAP LOAN FOR VOTER-APPR BONDS VOTER APPROVED REPAYMENT NON-VOTER 808 PAY 19 IRRRB ADJUSTMENT 902 LEVY BONDS REVOC TRUST 920 APPROV DEBT EXCESS TO FOR VOTER-APPROV BONDS VOTER APPROVED BE RETAINED NON-VOTER = - ((807) X 1.05) = 903 REQ DEBT SERV LEVY OPEB 921 FUND 47 AVAILABLE 809 FY 2020 IRRRB FUNDING BONDS VOTER APPROVED BALANCE VOTER APPROVED FOR NON-VOTER BONDS = (901) + (902) = = GREATER OF ZERO OR [(913)-(917)] = 810 PAY 19 IRRRB ADJUSTMENT 904 LEVY BONDS IRREV TRUST FOR NON-VOTER BONDS NON-VOTER APPROVED 237, FUND 47 AVAILABLE = - ((809) X 1.05) = 905 LEVY BONDS REVOC TRUST BALANCE NON-VOTER NON-VOTER APPROVED = GTR ZERO OR [(914)- SUM (915) TO (920)] = 12, GENERAL DEBT SERVICE LEVY SUMMARY 906 REQUIRED DEBT SERVICE LEVY FOR OPEB BONDS 923 CLOSING FUND 47 TO 811 DEBT EQUAL AID ELIG, NON-VOTER APPROVED FUND 7 TRANSFER VOTER APPROVED = (904) + (905)= 237, IF (922) GTR ZERO AND IF (732)>0 THEN (804) (908) EQ ZERO,ELSE 0 ELSE = (711)+(712)+(714) 907 REQ DEBT SERV LEVY FOR -(800)-(808)OR ZERO = PENSION BONDS (MPLS) 924 ADDITIONAL DEBT EXCESS REQUESTED OPEB/PENSION 812 DEBT EQUAL AID ELIG, 908 REQ DEBT SERVICE LEVY BONDS VOTER APPROVED NON VOTER APPROVED FOR OPEB/PENSION BONDS = GREATER OF NON-VOTER APPROVED 925 ADDITIONAL DEBT EXCESS [(713)-(799)-(810)] = (906) + (907) = 237, REQUESTED OPEB/PENSION OR ZERO = NON-VOTER APPROVED 813 DEBT EQUAL AID INELIG, FUND 47 DEBT BALANCE 926 NET DEBT SERVICE LEVY VOTER APPROVED FOR VOTER APPROVED = (716) + (719) = 909 JUNE 2017 FUND OPEB/PENSION BONDS BAL FOR BOND REFUND =(903)-(921)-(924) = 814 DEBT EQUAL AID INELIG, 910 JUNE 2017 FUND NON VOTER APPROVED BALANCE NONSPENDABLE 927 NET DEBT SERVICE LEVY = (717) + (727) = 125, JUNE 2017 FUND FOR OPEB/PENSION BONDS BALANCE UNASSIGN NEG NON-VOTER APPROVED 771 LTFM DEBT LEVY LIMIT 912 JUNE 2017 FUND =(908)-(922)-(925) = 224, NON VOTER APPROVED 415, BALANCE RESTRICTED 45, JUNE 2017 FUND DISASTER LEVY LIMIT BALANCE VOTER APPROV LEVY LIMITATION ADJUSTMENTS VOTER APPROVED 914 JUNE 2017 FUND BAL NON-VOTER APPROV IN GENERAL, IF WE HAVE: 815 INITIAL GDS LEVY LIM = (912) - (913) = 45, A FINAL LEVY AUTHORITY VOTER APPROVED B PREVIOUSLY CALCULATED AUTHORITY =(811)+(813)+(780) = 915 PAY 17 OPEB DEBT EXC C CERTIFIED LEVY BASED ON (B) REDUCTION NON-VOTER 10, D LEVY ADJUSTMENT, THEN: 816 INITIAL GDS LEVY LIM 916 PAY 18 OPEB DEBT EXC IF A>B, D=A-B NON VOTER APPROVED REDUCTION NON-VOTER 10, IF A<C, D=A-C = (812)+(814)+(771) = 541, % OF REQUIRED OPEB OTHERWISE D=ZERO DEBT SERV LEVY VOTER 817 TOTAL INITIAL GDS LEVY = (903) X 5% = LIMIT = (815)+(816) = 541, % OF REQUIRED OPEB DEBT SERV LEVY NONVOT = (908) X 5% = 11,851.90

17 DISTRICT NAME CARLTON PUBLIC SCHOOL DIS P A Y A B L E PAGE 17 OF 40 GENERAL FUND ADJUSTMENTS FY ST TIER VOTER-APPROVED FY ND TIER REF LEVY ADJUST REFER LEVY ADJUST FY 2019 OPERATING 1033 FY ND TIER REF LEVY AUTH CAPITAL LEVY ADJUSTMENT 1017 FY ST TIER REF LEVY AUTH (FROM FY 2019 GENERAL (FROM FY 2019 GENERAL EDUC REVENUE REPORT, 1001 FY 2019 OPER CAP LEVY AUTH EDUC REVENUE REPORT, LINE 259) 227, (FROM FY 2019 GENERAL LINE 257) 85, EDUC REVENUE REPORT, 1034 ALLOCATION OF TBRA LINE 193) 48, ALLOCATION OF TBRA (FROM PAY 18 LEVY (FROM PAY 18 LEVY REPORT, LINE 291) PAY 18 LIMIT 48, REPORT, LINE 290) 1035 ALLOC OF REF HOLD HARM PAY 18 LEVY 48, (FROM PAY 18 LEVY 1004 FY 2019 OPER CAPITAL 1019 ALLOC OF REF HOLD HARM REPORT, LINE 321) LEVY ADJUSTMENT (FROM PAY 18 LEVY = ((1001)-(1002)) = REPORT, LINE 320) PAY 18 LIMIT 220, PAY 18 LEVY 220, FY 2019 LOCAL OPTIONAL PAY 18 LIMIT 87, LEVY ADJUSTMENT PAY 18 LEVY 87, PAY 18 LIMIT BEFORE TBRA AND HOLD HARM ADJ 1005 FY 2019 LOC OPT LEVY AUTH 1022 PAY 18 LIMIT BEFORE =(1034)+(1035)+(1036) 220, (FROM FY 2019 GENERAL TBRA AND HOLD HARM ADJ EDUC REVENUE REPORT, =(1018)+(1019)+(1020) 87, PAY 18 LEVY BEFORE LINE 207) 209, PAY 18 LEVY BEFORE TBRA AND HOLD HARM ADJ TBRA AND HOLD HARM ADJ =(1034)+(1035)+(1037) 220, PAY 18 LIMIT 203, =(1018)+(1019)+(1021) 87, PAY 18 LEVY 203, FY ND TIER REF 1008 FY 2019 LOCAL OPTIONAL 1024 FY ST TIER VTR REF LEVY ADJUSTMENT LEVY ADJUSTMENT LEVY ADJUSTMENT = ((1033)-(1038)) = 6, = ((1005)-(1006)) = 5, = ((1017)-(1023)) = 1, FY RD TIER REF LEVY ADJUST FY 2019 EQUITY LEVY ADJUSTMENT FY ST TIER BOARD-APPROVED REFER LEVY ADJUST 1041 FY RD TIER REF LEVY AUTH 1009 FY 2019 EQUITY LEVY AUTH (FROM FY 2019 GENERAL (FROM FY 2019 GENERAL 1025 FY 2019 BRD-APPR REF LEVY AUTH EDUC REVENUE REPORT, EDUC REVENUE REPORT, (FROM FY 2019 GENERAL LINE 261) 176, LINE 210) 56, EDUC REVENUE REPORT, LINE 256) 1042 ALLOCATION OF TBRA PAY 18 LIMIT 52, (FROM PAY 18 LEVY PAY 18 LEVY 52, ALLOCATION OF TBRA REPORT, LINE 292) 1012 FY 2019 EQUITY (FROM PAY 18 LEVY 1043 ALLOC OF REF HOLD HARM LEVY ADJUSTMENT REPORT, LINE 289) (FROM PAY 18 LEVY = ((1009)-(1010)) = 3, ALLOC OF REF HOLD HARM REPORT, LINE 322) (FROM PAY 18 LEVY REPORT, LINE 319) PAY 18 LIMIT 169, FY 2019 TRANSITION LEVY ADJUSTMENT PAY 18 LEVY 169, PAY 18 LIMIT 1013 FY 2019 TRANSITION LEVY AUTH PAY 18 LEVY 1046 PAY 18 LIMIT BEFORE (FROM FY 2019 GENERAL TBRA AND HOLD HARM ADJ EDUC REVENUE REPORT, 1030 PAY 18 LIMIT BEFORE =(1042)+(1043)+(1044) 169, LINE 217) 1, TBRA AND HOLD HARM ADJ =(1026)+(1027)+(1028) 1047 PAY 18 LEVY BEFORE PAY 18 LIMIT PAY 18 LEVY BEFORE TBRA AND HOLD HARM ADJ PAY 18 LEVY TBRA AND HOLD HARM ADJ =(1042)+(1043)+(1045) 169, FY 2019 TRANSITION =(1026)+(1027)+(1029) LEVY ADJUSTMENT 1048 FY RD TIER REF = ((1013)-(1014)) = FY 2019 BOARD-APPR LEVY ADJUSTMENT = ((1041)-(1046)) = 6,917.23