VIII. TOTAL LEVY LIMITATION 24

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 01 OF 31 LEVY LIMITATION AND CERTIFICATION PROPERTY VALUATION DATA PUPIL DATA REPORT OUTLINE PAGE MARKET VALUE RESIDENT COUNTS ARE BASED ON ALL I. GENERAL INPUT DATA PUBLIC SCHOOL STUDENTS LIVING IN THE A. PROPERTY VALUATION 1 1 2007 MARKET VALUE 3,688,012,199 DISTRICT, REGARDLESS OF WHETHER THEY B. PUPIL COUNTS 1 2 2008 MARKET VALUE 3,954,274,700 ATTEND THERE. ADJUSTED COUNTS 3 2009 MARKET VALUE 4,055,641,100 REFLECT ALTERNATIVE ATTENDANCE. II. INITIAL COMPUTATIONS BY FUND 4 2010 MARKET VALUE 3,767,709,810 A. GENERAL 2 5 2011 MARKET VALUE 3,728,328,600 RESIDENT AVE DAILY MEMBERSHIP (ADM) B. COMMUNITY SERVICE 9 C. GENERAL DEBT 10 REFERENDUM MARKET VALUE (RMV) 35 2009-10 RES ADM (ACT) 3,974.32 D. OPEB/PENSION DEBT 12 36 2010-11 RES ADM (ACT) 4,004.86 6 2007 RMV 2,727,531,465 37 2011-12 RES ADM (EST) 4,013.00 III. ADJUSTMENTS BY FUND 7 2008 RMV 2,859,376,035 38 2012-13 RES ADM (EST) 4,040.00 A. GENERAL 12 8 2009 RMV 2,860,573,145 39 2013-14 RES ADM (EST) 4,027.00 B. COMMUNITY SERVICE 18 9 2010 RMV 2,781,373,250 40 2014-15 RES ADM (EST) 3,940.00 C. GENERAL DEBT 19 10 2011 RMV 2,743,720,300 D. OPEB/PENSION DEBT 19 RESIDENT PUPIL UNITS NET TAX CAPACITY (NTC) IV. ABATEMENT ADJUSTMENTS 19 41 2009-10 RES PU (ACT) 4,610.85 11 2007 NTC 39,914,504 42 2010-11 RES PU (ACT) 4,647.68 V. OFFSET ADJUSTMENTS 20 12 2008 NTC 42,792,634 43 2011-12 RES PU (EST) 4,649.36 13 2009 NTC 43,644,518 44 2012-13 RES PU (EST) 4,680.94 VI. TACONITE ADJUSTMENTS 22 14 2010 NTC 40,591,695 45 2013-14 RES PU (EST) 4,657.11 15 2011 NTC 39,905,911 VII. AID & LEVY SUMMARY 23 16 2011 NTC, BEFORE MKT VLU CREDIT CHANGE RESIDENT MARGINAL COST PU (RMCPU) VIII. TOTAL LEVY LIMITATION 24 SALES RATIO 46 2010-11 RMCPU (ACT) IX. RECAP OF LEVY LIMITS 25 = GTR OF (42) OR 17 2007 SALES RATIO 86.3% [.23X(41) +.77X(42)] 4,647.68 SCHOOL FORMULA GENERAL 18 2008 SALES RATIO 90.5% 47 2011-12 RMCPU (EST) YEAR ALLOWANCE RATE 19 2009 SALES RATIO 95.7% = GTR OF (43) OR 20 2010 SALES RATIO 98.8% [.23X(42) +.77X(43)] 4,649.36 2002-03 4,601 0.0000 21 2011 SALES RATIO 98.8% 48 2012-13 RMCPU (EST) 2003-04 4,601 0.0000 = GTR OF (44) OR 2004-05 4,601 0.0000 UNLIMITED ADJUSTED NTC (UANTC) [.23X(43) +.77X(44)] 4,680.94 2005-06 4,783 0.0000 49 2013-14 RMCPU (EST) 2006-07 4,974 0.0000 22 2007 UANTC=(11)/(17)= 46,263,649 = GTR OF (45) OR 2007-08 5,074 0.0000 23 2008 UANTC=(12)/(18)= 47,293,888 [.23X(44) +.77X(45)] 4,662.57 2008-09 5,124 0.0000 24 2009 UANTC=(13)/(19)= 45,607,828 2009-10 5,124 0.0000 25 2010 UANTC=(14)/(20)= 41,081,874 2010-11 5,124 0.0000 26 2011 UANTC=(15)/(21)= 40,388,381 ADJUSTED ADM 2011-12 5,174 0.0000 2012-13 5,224 0.0000 ADJUSTED NTC (ANTC) 50 2009-10 ADJ ADM (ACT) 3,878.24 2012-13 5,224 0.0000 51 2010-11 ADJ ADM (ACT) 3,894.27 27 2007 ANTC 46,263,649 52 2011-12 ADJ ADM (EST) 3,912.00 NOTE: ABOVE NUMBERS ARE NOT ALWAYS 28 2008 ANTC 47,293,888 53 2012-13 ADJ ADM (EST) 3,936.00 COMPARABLE FROM YEAR TO YEAR. 29 2009 ANTC 45,607,828 54 2013-14 ADJ ADM (EST) 3,951.00 30 2010 ANTC 41,081,874 55 2014-15 ADJ ADM (EST) 3,887.00 WEIGHTS FOR FY 2000- FY 2008 31 2011 ANTC 40,388,381 PUPIL UNITS FY 2007 & LATER 32 ADJUSTED PUPIL UNITS PRE-KGN: 1.250 1.250 HCP-KGN: 1.000 1.000 56 2009-10 ADJ PU (ACT) 4,489.43 REG-KGN: 0.557 0.612 ANTC FOR DEBT SERVICE ONLY 57 2010-11 ADJ PU (ACT) 4,515.75 GRADES 1-3: 1.115 1.115 33 2011 ANTC, JOBZ 261,283 58 2011-12 ADJ PU (EST) 4,528.12 GRADES 4-6: 1.060 1.060 34 2011 ANTC, TOTAL 59 2012-13 ADJ PU (EST) 4,564.07 GRADES 7-12: 1.300 1.300 = (31)+(33) = 40,649,664 60 2013-14 ADJ PU (EST) 4,578.35

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 02 OF 31 ADJUSTED MARGINAL COST PU (AMCPU) GENERAL EDUCATION REVENUE LIMITED ENGLISH PROFICIENCY (CONT) 61 2010-11 AMCPU (ACT) BASIC REVENUE 114 LEP PUPIL UNITS = GTR OF (57) OR = (108) X (113) =.18 [.23X(56) +.77X(57)] 4,515.75 101 FY 2014 FORMULA ALLOW 5,224.00 115 LEP CONCENTRATION REV 62 2011-12 AMCPU (EST) 64 2013-14 AMCPU (EST) 4,578.35 = (114) X $250 = 45.00 = GTR OF (58) OR [.23X(57) +.77X(58)] 4,528.12 102 BASIC REVENUE 116 DISTRICT LEP REV + 63 2012-13 AMCPU (EST) = (64) X (101) = 23,917,300.40 LEP CONCENTRATION REV = GTR OF (59) OR = (110)+(115) = 14,045.00 [.23X(58) +.77X(59)] 4,564.07 64 2013-14 AMCPU (EST) GIFTED & TALENTED REVENUE 117 BASIC SKILLS REVENUE = GTR OF (60) OR = (106)+(116) = 1,309,796.12 [.23X(59) +.77X(60)] 4,578.35 103 GIFTED & TALENTED REV = (64) X $12.00 = 54,940.20 SPARSITY REVENUE EXTENDED TIME ADM ADM >1.0 CAPPED AT 0.2 EXTENDED TIME REVENUE 118 ATTENDANCE AREA FOR SPARSITY 344.03 65 2009-10 EXT ADM (ACT) 44.64 79 2013-14 ETMCPU (EST) 119 DIST TO NEAREST HS 11.0 66 2010-11 EXT ADM (ACT) 50.41 67 2011-12 EXT ADM (EST) 104 EXTENDED TIME REVENUE 120 ISOLATION INDEX 68 2012-13 EXT ADM (EST) = (79) X $4,601 = = [SQ RT (.55 X (118))] 69 2013-14 EXT ADM (EST) + (119) = 24.8 70 2014-15 EXT ADM (EST) 121 ISOLATION INDEX RATIO EXTENDED TIME PU COMPENSATORY REVENUE = [(120)-23]/10, WITH MIN=0 AND MAX=1.5.18 105 FY 2013 COMPENSATORY REVENUE (FROM FY 2013 122 2013-14 ADM SRV, 7-12 1,783.72 71 2009-10 EXT TIME PU 50.83 COMPENSATORY REVENUE 123 SECONDARY SPARSITY ADM RATIO 72 2010-11 EXT TIME PU 56.04 REPORT) 1,287,850.20 = GREATER OF ZERO OR 73 2011-12 EXT TIME PU [400-(122)] 74 2012-13 EXT TIME PU 106 EST FY 2014 COMPENSATORY /[400+(122)] = 75 2013-14 EXT TIME PU REVENUE = (105) 124 SECONDARY SPARSITY REVENUE X (5,224-415)/(5,224-415) = (101) X (121) X [(53)/(52)] = 1,295,751.12 X (122) X (123) EXT TIME MARGINAL COST PU (ETMCPU) OR SEE WEBSITE: 76 2010-11 ETMCPU (ACT) LIMITED ENGLISH PROFICIENCY (LEP) 125 ELEM SPARSITY REVENUE = GTR OF (72) OR (SEE WEBSITE) [.23X(71) +.77X(72)] 56.04 107 2012-13 ELIGIBLE 77 2011-12 ETMCPU (EST) LEP ADM (EST) 9.00 126 PRELIM SPARSITY REVENUE = GTR OF (73) OR 108 2013-14 ELIGIBLE = (124)+(125) = [.23X(72) +.77X(73)] 12.88 LEP ADM (EST) 9.00 78 2012-13 ETMCPU (EST) 127 FY 2013 SPARSITY REV = GTR OF (74) OR 109 IF(108)=0, ZERO; ELSE (FY 2013 GEN ED REV [.23X(73) +.77X(74)] GTR OF 20, (108), OR REPORT, LINE 87) 79 2013-14 ETMCPU (EST).23X(107)+.77X(108) = 20.00 = GTR OF (75) OR 110 LEP REVENUE 128 ELIGIBLE FOR CLOSED [.23X(74) +.77X(75)] = (109) X $700 = 14,000.00 BUILDING ADJUSTMENT? NO 111 2013-14 ADM SRV (EST) 3,881.16 129 SPARSITY REVENUE 112 LEP CONCENTRATION IF (128)=YES, (129) = RATIO = (108)/(111) =.00231889 GTR OF (126) OR (127); 113 LEP CONCENTRATION ELSE (129) = (126) FACTOR = LSR OF 1 OR (112)/.115 =.02016426

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 03 OF 31 SMALL SCHOOLS REVENUE REFERENDUM REVENUE REFERENDUM REVENUE (CONT) 64 2012-13 AMCPU (EST) 4,578.35 REF AUTH W/O INFLATION 158 FY 2014 $/RMCPU ADJUSTMENT ON BALLOT CANCELLED BY ELECTIONS 130 SMALL SCHOOLS RATIO = IN CY 2011 OR 2012 GTR OF ZERO OR 145 FY 2013 AUTH $/RMCPU [1000-(64)]/1000 = (FY 2013 GEN ED REV 159 FY 2014 $/RMCPU, 131 SMALL SCHOOLS ALLOWANCE REPORT, LINE 103) 390.00 UNCAPPED AUTHORITIES, = (130) X $522.40 = WITH INFLATION ADJUST 146 FY 2014 PHASEOUT ON BALLOT = (155) 132 SMALL SCHOOLS REVENUE OF LINE (145) (SEE +(156)+(157)-(158) = = (64) X (131) = REF PHASEOUT RPT) 160 FY 2014 $/RMCPU, 147 FY 2014 $/RMCPU UNCAPPED TOTAL, TRANSPORTATION SPARSITY ADDED BY ELECTIONS ALL AUTHORITIES HELD BEFORE CY 2012 =(150)+(159) = 390.00 133 ATTENDANCE AREA 344.03 148 FY 2014 $/RMCPU 134 SQUARE MILES PER ADDED BY ELECTIONS 161 STANDARD CAP BASED ON RES PU = (133)/(45) =.0739 HELD IN CY 2012 FORMULA ALLOWANCE 149 FY 2014 $/RMCPU =.26 X (101) = 1,358.24 135 SPARSTIY INDEX = GTR CANCELLED BY ELECTIONS OF (134) OR 0.2 =.2000 IN CY 2011 OR 2012 162 INFLATION FACTOR (EST) 136 DENSITY INDEX FY 2004 TO FY 2014 1.2593 = LSR OF (134) OR 0.2 150 FY 2014 $/RMCPU, 163 STANDARD CAP BASED ON BUT AT LEAST.005 =.0739 UNCAPPED AUTHORITIES, CPI= $1,294 X (162) = 1,629.53 W/O INFLATION ADJUST 137 PRELIMINARY TOTAL ON BALLOT = (145)-(146) 164 STANDARD CAP TRANSPORT ALLOWANCE +(147)+(148)-(149) = 390.00 = GREATER OF = [(135) RAISED TO.26 POWER] (161) OR (163) = 1,629.53 X [(136) RAISED TO.13 POWER] X.1469 X (101) = 359.93 REF AUTH WITH INFLATION 165 REFERENDUM ADJUSTMENT ON BALLOT CONVERSION ALLOW 138 TRANSPORTATION (FY 2003 GEN ED REV SPARSITY ALLOWANCE 151 FY 2013 AUTH $/RMCPU REPORT, LINE 85) 3.44 = GTR OF ZERO OR (137) (FY 2013 GEN ED REV 166 FY 1994 REFERENDUM -[.0485 X (101)]= 106.57 REPORT, LINE 108) AUTHORITY/WADM 152 FY 2014 PHASEOUT 139 TRANSPORTATION SPARSITY OF LINE (151) (SEE 167 INFLATION FACTOR (ACU) REV = (64) X (138) = 487,914.76 REF PHASEOUT RPT) FY 2004 TO FY 2008 1.1376 153 FY 2014 AUTH $/RMCPU 168 ALT CAP POST-FY 2008 OPERATING CAPITAL BEFORE INFLATION ADJ GROWTH ADDITION = =(151)-(152) = [(5,224/5,074)-1]/4.0074 140 AVE BUILDING AGE (EST) 169 ALT CAP MULTIPLIER (NOT > 50 YEARS) 27.21 154 FY 2014 ANNUAL INFLATION = (167)+(168) = 1.1450 141 FACILITIES AGE INDEX = FACTOR (EST) 1.0202 1 + [.01 X (140)] = 1.2721 170 ALTERNATE CAP = 142 OPERATING CAPITAL 155 FY 2014 AUTH $/RMCPU GREATER OF ZERO OR ALLOWANCE = $73 AFTER INFLATION ADJ [[1.177X(166)X(169)] + [$100 X (141)] = 200.21 =(153) X (154) = +(165)-$215] = 143 YEAR ROUND MCPU SRV 156 FY 2014 $/RMCPU 129 SPARSITY REVENUE 144 OPERATING CAP REVENUE ADDED BY ELECTIONS = (64) X (142) HELD BEFORE CY 2012 171 CAP ON AUTHORITY PER + (143) X $30 = 916,631.45 157 FY 2014 $/RMCPU RMCPU: IF (129)>0 ADDED BY ELECTIONS HELD IN CY 2012 THERE IS NO CAP; ELSE (171) = GTR OF (164) OR (170) 1,629.53

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 04 OF 31 REFERENDUM REVENUE (CONT) EQUITY REVENUE (CONT) ALTERNATIVE TEACHER COMPENSATION REV 172 FY 2014 $/RMCPU, 172 FY 2014 DISTRICT 202 ENROLLMENT AS OF OCT 1, CAPPED TOTAL = LSR REFERENDUM REV/RMCPU 390.00 2011 AT PARTICIPATING OF (160) OR (171) = 390.00 191 = GTR OF ZERO OR SITES (FY 2013 GENERAL [(190)-(172)] = EDUC REPORT, 49 2013-14 RMCPU (EST) 4,662.57 LINE 153) 49 2013-14 RMCPU (EST) 4,662.57 173 FY 2014 REFER REVENUE 192 = LSR OF 203 EST ENROLLMENT AS OF = (49) X (172) = 1,818,402.30 $100,000 OR OCTOBER 1, 2012 AT [(49) X (191)] = PARTICIPATING SITES = (202)X[(53)/(52)] = EQUITY REVENUE 193 = (188)+(192) = 325,978.52 204 ALTERNATIVE TEACHER 174 METRO 5TH PERCENTILE 5,553.40 194 IF (180) = MET COMPENSATION REVENUE 175 METRO 95TH PERCENTILE 6,948.92 THEN (194) = 0.25 X (193) = $260.00 X (203) = 176 METRO GAP ELSE (194) = ZERO =(175)-(174) = 1,395.52 64 2013-14 AMCPU (EST) 4,578.35 OPERATING CAPITAL AIDS & LEVIES 177 RURAL 5TH PERCENTILE 5,224.00 195 = $46.00 X (64) = 210,604.10 178 RURAL 95TH PERCENTILE 6,997.04 144 OPERATING CAP REVENUE 916,631.45 179 RURAL GAP 196 EQUITY REVENUE =(178)-(177) = 1,773.04 = (193)+(194)+(195) = 536,582.62 31 2011 ANTC 40,388,381 64 2013-14 AMCPU (EST) 4,578.35 180 DISTRICT'S REGION: 205 FY 2014 ANTC/AMCPU METRO=MET; RURAL=RUR RUR TRANSITION REVENUE = (31)/(64) = 8,821.60 206 LEVY RATIO FOR OPER CAP 181 DIST'S REGION'S EQUITY 197 TRANSITION ALLOWANCE = LESSER OF 1 OR GAP = (176) OR (179)= 1,773.04 (FY 2004 GENERAL (205)/$10,194 =.86537179 182 DIST'S REGION'S 95TH EDUC REVENUE REPORT, PCT = (175) OR (178)= 6,997.04 LINE 210) 14.24 207 OPERATING CAP LIMIT 198 PRELIM TRANSITION REV = (144) X (206) = 793,227.00 183 DISTRICT'S REVENUE/PU = (64) X (197) = 65,195.70 208 OPERATING CAP AID FOR EQUITY PURPOSES = (144)-(207) = 123,404.45 = [(102)+(173)]/(64)= 5,621.17 199 TRANSITION REVENUE FOR PREKINDERGARTEN 184 DISTRICT'S EQUITY GAP PROGRAMS (FY 2013 EQUITY AIDS & LEVIES = GREATER OF ZERO GENERAL EDUC REPORT, OR (182)-(183) = 1,375.87 LINE 150) 196 EQUITY REVENUE 536,582.62 185 EQUITY INDEX 200 TRANSITION REVENUE 10 2011 RMV 2,743,720,300 = (184)/(181) =.77599490 FOR TUITION RECIPROCITY 49 2013-14 RMCPU (EST) 4,662.57 186 = $75 X (185) = 58.20 (SEE MEMO) 209 FY 2014 RMV/RMCPU = (10)/(49) = 588,456.65 173 REFERENDUM REVENUE 1,818,402.30 201 FY 2014 TRANSITION REVENUE 187 INITIAL EQUITY ALLOW = (198)+(199)+(200) = 65,195.70 210 LEVY RATIO FOR IF (184)=0 THEN (187)=0 EQUITY, TRANSITION & ELSE IF (173)=0 REF TIER 1 THEN (187)=$13 = LESSER OF 1 OR ELSE (187)=$13+(186) 71.20 (209)/$476,000 = 1.00000000 64 2013-14 AMCPU (EST) 4,578.35 188 = (64) X (187) = 325,978.52 211 EQUITY LIMIT = (196) X (210) = 536,582.62 189 FY 2014 STATE AVERAGE 212 EQUITY AID REF REV/RMCPU (EST) 936.00 = (196)-(211) = 190 =.10 X (189) = 93.60

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 05 OF 31 TRANSITION AIDS & LEVIES REFERENDUM AIDS & LEVIES (CONT) REFERENDUM AIDS & LEVIES (CONT) 201 TRANSITION REVENUE 65,195.70 REFERENDUM LEVY PORTIONS INITIAL REVENUES ARE REDUCED TO MAKE TAX BASE REPLACEMENT AID 213 TRANSITION LIMIT 209 RMV/RMCPU 588,456.65 REVENUE-NEUTRAL. REVENUE COMPONENTS = (201) X (210) = 65,195.70 ARE REDUCED IN THE FOLLOWING ORDER: 214 TRANSITION AID 210 TIER 1 = LSR OF 1 = (201)-(213) = OR (209)/$476,000 = 1.00000000 237 TIER 2 AID 226 TIER 2 = LSR OF 1 238 TIER 1 AID 215 TRANSITION LIMIT, OR (209)/$270,000 = 1.00000000 239 TIER 1 LEVY PREKGN PROGRAMS = (213) 240 TIER 2 LEVY X [(199)/(201)] = 241 UNEQL LEVY 216 TRANSITION LIMIT, REFERENDUM LEVY AUTHORITY TUITION RECIPROCITY APPLYING THESE REDUCTIONS GIVES THE = (213) 227 TIER 1 LEVY FOLLOWING: X [(200)/(201)] = = (223) X (210) = 1,818,402.30 217 TRANSITION LIMIT, 228 TIER 2 LEVY 236 TAX BASE REPLACE AID OTHER = (224) X (226) = 242 TIER 1 AID = (213)-(215)-(216) = 65,195.70 225 UNEQUALIZED LEVY = (230)-(238) = 229 TOTAL 243 TIER 2 AID = (227)+(228)+(225) = 1,818,402.30 = (231)-(237) = REFERENDUM AIDS & LEVIES 244 TIER 1 LEVY = (227)-(239) = 1,818,402.30 172 REFER $/RMCPU REFERENDUM AID 245 TIER 2 LEVY ALL AUTHORITIES 390.00 = (228)-(240) = 230 TIER 1 AID 246 UNEQL LEVY 218 TIER 1 CAP/RMCPU 700.00 = (223)-(227) = = (225)-(241) = 231 TIER 2 AID 129 SPARSITY REVENUE = (224)-(228) = 247 TOTAL REFERENDUM 232 TOTAL AID EQUALIZATION AID 219 TIER 1 + TIER 2 CAP/RMCPU = (230)+(231) = = (242)+(243) = IF (129) > ZERO THEN (219) = 9,999.99 248 TOTAL REFERENDUM LEVY ELSE (219) = (161) 1,358.24 TAX BASE REPLACEMENT AID (TBRA) = (244)+(245)+(246) = 1,818,402.30 233 ADJ INITIAL TBRA BREAKDOWN OF $/RMCPU (FROM TBRA PHASEOUT ALT TEACHER COMP AIDS & LEVIES BY TIER, ALL AUTHORITIES REPORT, LINE 11) 204 ALT COMP REVENUE 220 TIER 1 = LSR OF 234 CONVERTED ADJ FY 2002 (172) OR (218) = 390.00 REF AUTHORITY 249 ALT COMP BASIC AID 221 TIER 2 = [LSR OF (172) (FROM TBRA PHASEOUT = 0.65 X (204) = OR (219)]-(220) = REPORT, LINE 24) 3.47 250 ALT COMP LEVY REVENUE 222 UNEQUALIZED = (204)-(249) = = (172)-(220)-(221) = 160 FY 2014 REF $/RMCPU, UNCAPPED TOTAL 390.00 205 FY 2014 ANTC/AMCPU 8,821.60 251 ALT COMP LEVY PORTION BREAKDOWN OF REFERENDUM REVENUES 235 PRORATED TBRA = LESSER OF 1 OR = LSR OF (233) OR [(205)/$5,634] = 1.00000000 173 REFERENDUM REVENUE (233) X [(160) ALL AUTHORITIES 1,818,402.30 / (234)] = 252 ALT TEACHER COMP LEVY = (250) X (251) = 223 TOTAL, TIER 1 173 FY 2014 REFER REV 1,818,402.30 = (49) X (220) = 1,818,402.30 253 ALT COMP EQUALIZATION AID 224 TOTAL, TIER 2 236 CAPPED TBRA = LSR OF = (204)-(249)-(252) = = (49) X (221) = (235) OR (173) = 225 TOTAL, UNEQUALIZED = (173)-(223)-(224) =

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 06 OF 31 ALTERNATIVE ATTENDANCE ADJUSTMENT GENERAL EDUCATION REVENUE SUMMARY INTEGRATION REVENUE 60 2013-14 ADJ PU (EST) 4,578.35 102 BASIC 23,917,300.40 PER 1SP 2011,CH 11 45 2013-14 RES PU (EST) 4,657.11 103 GIFTED & TALENTED 54,940.20 ART2, SEC 49(F) 254 NET OPTIONS PU 104 EXTENDED TIME TAXES PAYABLE 2013 = (60)-(45) = 78.76-117 BASIC SKILLS 1,309,796.12 INTEGRATION LEVY = 129 SPARSITY 11 PAY 12 CERT INTEG LEVY 247 TOTAL REFER AID 132 SMALL SCHOOLS 255 REF AID/RMCPU 139 TRANSPORT SPARSITY 487,914.76 272 11 PAY 12 CERTIFIED = (247)/(49) = 144 OPERATING CAPITAL 916,631.45 INTEGRATION LEVY 196 EQUITY REVENUE 536,582.62 256 CONCENTRATION INDEX 201 TRANSITION 65,195.70 273 INTEGRATION LEVY = [(254)/(45)-0.2] 204 ALT TCHR COMPENSATION = (272) BUT >=0 AND <=1 173 REFERENDUM 1,818,402.30 218 TIER 1 CAP/RMCPU 700.00 265 ALT ATTENDANCE ADJ 257 CONCENTRATION ALLOW 266 TOTAL GENERAL REVENUE REEMPLOYMENT INSURANCE LEVY = (256) X (218) = = (102)+(103)+(104) + (117)+(129)+(132) 274 EST FY 2013 EXPEND 10,000.00 258 INITIAL ADJUST PER PU + (139)+(144)+(196) IF (254)<0, (258)=(255) + (201)+(204)+(173) 275 INITIAL REEMPLOYMENT ELSE (258) = GTR OF + (265) = 29,106,763.55 LEVY = 100% OF (274)= 10,000.00 (255) OR (257) = 259 INITIAL ALT ATTENDANCE GENERAL AIDS & LEVIES SAFE SCHOOLS LEVY ADJ = (254) X (258) = 207 OPERATING CAP LEVY 793,227.00 276 SAFE SCH LVY REQUEST? YES 137 TRANSPORT ALLOWANCE 359.93 211 EQUITY LEVY 536,582.62 64 2013-14 AMCPU (EST) 4,578.35 260 AMCPU OF CHARTER 213 TRANSITION LEVY 65,195.70 SCHOOLS TRANSPORTED 248 TOTAL REFERENDUM LEVY 1,818,402.30 277 SAFE SCH LEVY LIMIT BY DISTRICT 252 ALT COMP LEVY = $30 X (64) = 137,350.50 261 ETMCPU OF CHARTER 267 TOTAL GENERAL ED LEVY SCHOOLS TRANSPORTED = (207)+(211)+(213) SAFE SCHOOLS INTERMEDIATE LEVY BY DISTRICT + (248)+(252) = 3,213,407.62 262 CHARTER ALT ATTENDANCE 268 TOTAL GENERAL ED AID 278 SAFE SCH INTERMEDIATE ADJUST = (137) X (260) = (266)-(267)= 25,893,355.93 LEVY REQUEST? NO + $223 X (261) = 279 INTERMEDIATE LEVY ALLOWANCE <= $10 263 2013-14 RES PU ATTENDING MN STATE ACADEMIES SPECIAL PROGRAMS AID 64 2013-14 AMCPU (EST) 4,578.35 264 MN STATE ACADEMIES ALT ATTENDANCE ADJ ESTIMATES OF FY 2014 SPECIAL 280 SAFE SCH INTERMEDIATE = - (101) X (263) = EDUCATION AID AND EXCESS COST LIMIT AID SHOWN BELOW ARE BASED ON = (64) X (279) = 265 ALT ATTEND ADJUST THE 2012 END OF LEGISLATIVE SESSION TO AID ESTIMATES. PLEASE NOTE THAT THESE = (259)+(262)+(264) = ARE ROUGH ESTIMATES AND MAY JUDGMENT LEVY CHANGE SIGNIFICANTLY WHEN UPDATED DATA BECOME AVAILABLE. 281 DISTRICT JUDGMENTS 282 INTERMED JUDGMENTS 269 SPEC ED REGULAR 283 JUDGMENT LIMIT BEFORE TUITION ADJ 4,682,781.14 =(281)+(282) = 270 NET TUITION ADJUST 337,916.29-271 EXCESS COST AID 843,894.47

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 07 OF 31 ICE ARENA LEVY NONPUBLIC TRANSPORTATION AID HEALTH AND SAFETY (CONT) 284 FY 2012 NET OPR COSTS 302 ESTIMATED FY 2012 323 FY 1985-FY 2013 REG/EXCESS COST 1,537,735.00 OTHER REVENUE 10,879.66 285 ICE ARENA LEVY LIMIT 303 ACTUAL FY 2012 = 100% OF (284) = BUS DEPRECIATION 177,011.59 324 CUMULATIVE REVENUE 304 FY 2012 REGULAR FTE 2,649.00 = (318) TO (323) = 4,675,725.73 305 FY 2012 EXCESS FTE 532.00 FY 2013 CAREER & TECHNICAL 306 ESTIMATED FY 2014 325 MAX H&S ADDL REV = GTR NONPUBLIC FTE 273.00 ZERO OR (317)-(324) = 61,000.00 286 2012-13 ADM SRV 10-12 903.71 287 ALLOWANCE PER ADM 80.00 307 FY 2014 NONPUBLIC 288 FY 2013 MAX REVENUE TO AND FROM AID ALTERNATIVE FACILITIES = (286) X (287) = 72,296.80 = [(302)+(303)] (ALT FAC OR AF/H&S) 289 FY 2013 ESTIMATED / [(304)+(305)] X (306) BUDGET 449,723.73 X 5,224/5174 = 148,585.24 326 REG ALT FAC PAYGO 290 =.25 X (289) = 112,430.93 REVENUE APPROVED 308 ESTIMATED FY 2012 327 PAY 98 REG ALT FAC 291 PRELIMINARY REVENUE NONPUBLIC PAYGO GRANDFATHER AID = LESSER OF (288) NONREGULAR COST 14,033.00 328 PAY 13 REG ALT FAC OR (290) = 72,296.80 309 ESTIMATED FY 2014 PAYGO REV ADJUST NONPUBLIC (MEMO) 292 LEVY AUTHORITY PAY 12 86,656.00 NONREGULAR AID BEFORE ADDITIONAL LEVY (308) X 5224/5174= 14,168.61 329 NET REG ALT FAC AUTHORITY ADJUSTMENT PAYGO REV = (326) PAY 12 LEVY REPORT LINE 300 310 FY 2014 ESTIMATED - (327)+(328) = 293 REVENUE GUARANTEE TRANSPORTATION AID = LESSER OF (289) = (307)+(309) = 162,753.85 330 AF/H&S PAYGO REV APPR OR (292) = 86,656.00 331 PAY 13 AF/H&S PAYGO 294 PRELIMINARY LEVY LIMIT REVENUE ADJUST (MEMO) = GREATER OF (291) CAPITAL RELATED LEVY LIMITATIONS 332 AF/H&S PAYGO REV LIMIT OR (293) = 86,656.00 = (330)+(331) = 295 LEVY ALLOCATION FOR HEALTH AND SAFETY (H&S) SECONDARY EDUCATION (INCL INTERMED DISTRIBUTION) 333 PAYGO REVENUE LIMIT PER M.S. 124D.4531 (ALT FAC AND AF/H&S) 296 CAREER TECH LEVY LIMIT CUMULATIVE COST: = (329)+(332) = BEFORE PAY 13 ADJUST = (294)+(295) = 86,656.00 311 FY 1985-FY 2010 HEALTH & SAFETY AND ALT 297 ADJ. FACTOR FOR ACTUAL CUM H&S COSTS 4,363,964.61 FACILITIES LEVY RATIO STATEWIDE TARGET 1.00037547 312 FY 2011 ACT H&S COST 158,263.27 313 FY 2012 EST H&S COST 77,133.11 31 2011 ANTC 40,388,381 298 CAREER TECH LEVY LIMIT 314 FY 2013 EST H&S COST 76,364.74 64 2013-14 AMCPU (EST) 4,578.35 AFTER PAY 12 ADJUST 315 FY 2014 EST H&S COST 61,000.00 334 ANTC/AMCPU = LESSER OF (289) 316 DISTRICT SHARE OF = (31)/(64) = 8,821.60 OR (296) X (297) = 86,688.54 INTERMEDIATE COSTS 335 H&S/AF LEVY RATIO = LSR 1 OR (334)/$2,796 = 1.00000000 317 CUMULATIVE H&S COST ANNUAL OTHER POSTEMPLOYMENT = (311) TO (316) = 4,736,725.73 BENEFITS (OPEB) HEALTH & SAFETY AIDS & LEVIES CUMULATIVE REVENUE: 299 AUTHORITY REQUESTED BY 336 INITIAL H&S LIMIT DISTRICT BASED UPON 318 FY 1985-FY 2009 (MIN FOR MAX AID) FY 2012 EXPENSES PAID ACTUAL H&S REVENUE 4,274,741.11 = (325) X (335) = 61,000.00 300 PRORATION FACTOR TO 319 FY 2010 ACT H&S REV 78,343.84 337 INITIAL H&S AID REFLECT STATEWIDE CAP 320 FY 2011 ACT H&S REV 102,736.74 = (325)-(336) = 321 FY 2012 EST H&S REV 132,659.64 338 H&S/AF AID PRORATION 1.00000000 301 ANNUAL OPEB LEVY LIMIT 322 FY 2013 EST H&S REV 76,364.74 339 PRORATED H&S AID = (299) X (300) = = (337) X (338) =

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 08 OF 31 HEALTH & SAFETY AIDS & LEVIES (CONT) DISABLED ACCESS LIMIT (CONT) APPROVED REGULAR OPERATING LEASES 340 H&S LEVY LIMITATION 357 TOTAL CUM CERT LEVY = (325)-(339) = 61,000.00 (PAY 93 TO PAY 11) 300,000.00 ADMINISTRATIVE SPACE 358 CERT LEVY PAY 2012 377 FY 2013 NONJOINT 359 TOTAL CERTIFIED LEVY 378 FY 2014 NONJOINT ALTERNATIVE FACILITIES AIDS & LEVIES = (357)+(358) = 300,000.00 379 FY 2013 JOINT 380 FY 2014 JOINT 341 INITIAL ALT FAC LIMIT 360 DISABLED ACCESS LIMIT INSTRUCTIONAL/STORAGE (MIN FOR MAX AID) = GREATER OF ZERO 381 FY 2013 NONJOINT 99,944.00 = (333) X (335) = OR (354)-(359)= 382 FY 2014 NONJOINT 342 INITIAL ALT FAC AID 383 FY 2013 JOINT = (333) - (341) = 384 FY 2014 JOINT 338 H&S/AF AID PRORATION 1.00000000 LEASE LEVY LIMITATION 385 REG OPERATING LEASES 343 PRORATED ALT FAC AID = (377) TO (384) = 99,944.00 = (342) X (338) = DIST'S SHARE OF JOINT LEASE FOR INTERMEDIATE APPROVED REGULAR 344 ALT FAC LEVY LIMIT DISTS 287, 916 OR 917 CAPITALIZED LEASES = (333)-(343) = APROV INTERMED OPERATING ADMINISTRATIVE SPACE 386 FY 2013 NONJOINT DEFERRED MAINTENANCE REVENUE ADMINISTRATIVE SPACE 387 FY 2014 NONJOINT 361 FY 2013 JOINT 388 FY 2013 JOINT 31 2011 ANTC 40,388,381 362 FY 2014 JOINT 389 FY 2014 JOINT 64 2013-14 AMCPU (EST) 4,578.35 INSTRUCTIONAL/STORAGE INSTRUCTIONAL/STORAGE 345 AVE BLDG AGE (EST) 363 FY 2013 JOINT 390 FY 2013 NONJOINT (NO AGE LIMIT) 32.81 364 FY 2014 JOINT 391 FY 2014 NONJOINT 346 ELIGIBLE FOR DEFERRED 365 TOT INTERMED OPERATING 392 FY 2013 JOINT MAINTENANCE REV? YES = (361) TO (365) = 393 FY 2014 JOINT 347 BLDG AGE RATIO = LSR 394 FY 2014 TIES LEASE OF 1 OR (345)/35 =.93742857 APROV INTERMED CAPITALIZED EXCESS FUNDS CAP LEASE 348 MAX DEF MAINT REV = 395 FY 2013 NONJOINT $60 X (64) X (347) = 257,512.57 ADMINISTRATIVE SPACE 396 FY 2014 NONJOINT 366 FY 2013 JOINT 397 FY 2013 JOINT 334 ANTC/AMCPU 367 FY 2014 JOINT 398 FY 2014 JOINT = (31)/(64) = 8,821.60 INSTRUCTIONAL/STORAGE 399 REG CAPITALIZED LEASES 349 DEF MAINT LEVY RATIO 368 FY 2013 JOINT = (386) TO (394) - LSR 1 OR (334)/$5,621 1.00000000 369 FY 2014 JOINT (395) TO (398) = EXCESS FUNDS CAP LEASE 350 DEF MAINT LEVY LIMIT 370 FY 2013 JOINT 400 TOTAL APPROVED REGULAR = (348) X (349) = 257,512.57 371 FY 2014 JOINT LEASE COST & CARRYOVER 372 TOT INTERMED CAPITALIZED =(376)+(385)+(399)= 99,944.00 351 INITIAL DEF MAINT AID = SUM[(366) TO (369)] = (348)-(350) = - (370) - (371) = 45 2013-14 RES PU (EST) 4,657.11 401 PUPIL UNIT MAX LIMIT 373 TOT INTERMED LEASE COSTS = $150 * (45) = 698,566.50 DISABLED ACCESS LIMIT = (365) + (372) = 402 COMM APPROVED LIMIT 352 FY 1992-FY 2014 64 2013-14 AMCPU (EST) 4,578.35 APPROVED COSTS 300,000.00 374 INTERMED PUPIL UNIT 403 REGULAR MAX LIMIT 353 MAXIMUM = GTR OF (JUNE LIMIT = $43 X (64) = GTR (401) OR (402) = 698,566.50 1991 COMPONENT DISTS X 375 INTERMED LEASE LIMIT 404 REGULAR LEASE LIMIT 150,000) OR 300,000 = 300,000.00 LSR (373) OR (374) = LSR (400) OR (403) = 99,944.00 354 LSR OF (352) OR (353) 300,000.00 355 FIRST YEAR DISABLED 376 INTERMED CARRYOVER (INCL 405 TOTAL LEASE LEVY LIMIT ACCESS LEVY CERTIFIED 1992 IN REGULAR LEASE LIMIT) = (375) + (404)= 99,944.00 356 LAST YEAR TO CERTIFY = (373) - (375) = = (355) + 7 YEARS = 1999

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 09 OF 31 INITIAL CAPITAL RELATED LEVIES INITIAL GENERAL FUND LEVY (CONT) EARLY CHILD FAMILY EDUCATION (PRIOR TO FUND BAL ADJUST) 207 OPERATING CAPITAL 793,227.00 426 GENERAL NTC OTHER JOBZ 340 HEALTH & SAFETY 61,000.00 EXEMPT = (252) FY 2012 ECFE ANNUAL REPORT 344 PAYGO ALTERNATIVE FAC +(272)+(275)+(277) MUST BE SUBMITTED TO CERTIFY 350 DEFERRED MAINTENANCE 257,512.57 +(280)+(283)+(285) EARLY CHILDHOOD FAMILY ED & 360 DISABLED ACCESS +(296)+(301)+(409) HOME VISIT LEVIES FOR FY 2014 405 LEASE LEVY 99,944.00 -(408)+(422) = 1,445,722.61 406 COOP BLDG REPAIR 512 DIST PLANS TO LEVY FOR 407 OTHER CAPITAL (MEMO) 427 TOTAL INITIAL GENERAL FY 2014 ECFE REVENUE? YES 408 CAP PROJECTS REFER LEVY LIMITATION ECFE ANNUAL REPORT = (423)+(424) SUBMITTED? YES 409 CAPITAL RELATED LIMITS + (425)+(426) = 3,865,903.23 513 EST POPULATION UNDER = (207)+(340)+(344) FIVE YEARS OF AGE 1,562 + (350)+(360)+(405) + (406)+(407)+(408) = 1,211,683.57 COMMUNITY SERVICE 514 GTR OF 150 OR (513) = 1,562 BASIC COMMUNITY EDUCATION 515 FY 2014 EARLY CHILD OTHER INITIAL GENERAL LEVIES (PRIOR TO FUND BAL ADJUST) FAMILY REVENUE IF ANNUAL REPT = YES 410 CONSOLIDATION/ 501 POPULATION (YR 2010) 28,885 IF (512) = YES TRANSITION 502 GTR OF (501) OR 1,335 28,885 = $120.00 X (514), 411 REORGANIZATION ELSE = $0 187,440.00 OPERATING DEBT 503 YOUTH SERVICE PROG? YES 412 HEALTH BENEFITS 504 AFTER SCHOOL 31 2011 ANTC 40,388,381 413 HEALTH INS (MPLS) ENRICHMENT? YES 516 ECFE TAX RATE.00401846 414 ADDL RETIREMENT 517 = (516) X (31) = 162,299.09 (MPLS AND STP) 505 FY 2014 GENERAL REVENUE 415 SEVERANCE = $5.42 X (502) = 156,556.70 518 EARLY CHILD LEVY LIMIT 416 ADMIN DISTRICT = LESSSER OF (515) 417 SWIMMING POOL 506 FY 2014 YOUTH SERVICE OR (517) = 162,299.09 418 TREE GROWTH REV = $1.00 X (502) = 28,885.00 419 CONSOLIDATION/ 507 FY 2014 AFTER SCHOOL 519 EST FY 2014 EARLY CHILD RETIREMENT REVENUE = $1.85 X (502) AID = (515)-(518) = 25,140.91 420 ECON DEVELOP ABATE NOT TO EXCEED 10,000 421 OTHER GENERAL (MEMO) AND $0.43 X POPULATION IN EXCESS OF 10,000 26,620.55 HOME VISITING LIMIT 422 SUBTOTAL--OTHER INITIAL GENERAL LEVIES 508 FY 2014 COMMUNITY 520 DIST PLANS TO LEVY FOR = (410) T0 (421) = EDUCATION REVENUE FY 2014 HOME VISIT? YES = (505)+(506)+(507) = 212,062.25 521 HOME VISITING LIMIT INITIAL GENERAL FUND LEVY 31 2011 ANTC 40,388,381 IF (520) = YES 509 STANDARD COMM ED LEVY AND (517) > $0, 423 GENERAL RMV VOTER =.00940 X (31) = 379,650.78 = $1.60 X (513), APPROVED JOBZ EXEMPT ELSE = $0 2,499.20 = (248) = 1,818,402.30 510 COMM ED LEVY LIMIT LSR (508) OR (509) = 212,062.25 424 GENERAL RMV OTHER DISABLED ADULTS JOBZ EXEMPT 511 FY 2014 EST GROSS COMM ED = (211)+(213) = 601,778.32 AID = (508)-(510) = 522 DISABLED ADULTS LIMIT LSR $30,000 OR 50% OF 425 GENERAL NTC APPROVED EXPENDITURES VOTER APPROVED JOBZ EXEMPT = (408) =

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 10 OF 31 SCHOOL-AGE CARE GENERAL DEBT SERVICE (FUND 7 CONT) GENERAL DEBT SERVICE (FUND 7 CONT) 523 FY 2014 SCH-AGE CARE REV 708 PAY 13 ALT FAC REQ 723 REQ DEBT SERV LEVY FOR (FY 2014 EST COST) 75,000.00 REG DEBT SERV LEVY VOTER APPR BONDS ISSUED (NOT AID ELIGIBLE) AFTER JULY 1, 1992, 31 2011 ANTC 40,388,381 NOT ELG FOR DEBT 45 2013-14 RES PU (EST) 4,657.11 709 ALT FAC/H&S REQ DEBT EQUAL AID SERV LEVY (SOLD BY 524 ANTC/RES PU JULY 1ST AND AID ELG) 717,748.00 724 REQ DEBT SERVICE LEVY = (31)/(45) = 8,672.41 710 ALT FAC/H&S REQUIRED FOR REORG OPER DEBT 525 LEVY RATIO = LSR OF DEBT SERVICE LEVY BONDS 1 OR (524)/$2,318 = 1.00000000 (NOT AID ELIGIBLE) 526 FY 2014 SCH-AGE CARE LIM 725 REQ DEBT SERV LEVY FOR = (523) X (525) = 75,000.00 711 ALT FAC NET ELIGIBLE NON-VOTER BONDS ISSUED REQ DEBT SERVICE LEVY AFTER JULY 1, 1992, NOT ELG 527 FY 2014 EST GROSS = (707)+(709)-(706) = 717,748.00 FOR DEBT EQUAL AID SCHOOL-AGE CARE AID = (523)-(526) = 712 REQ DEBT SERV LEVY FOR 726 REQ DEBT SERVICE LEVY VOTER APPR ELIG BONDS FOR BONDS ISSUED AFTER 528 OTHER COMM ED (MEMO) SOLD BY JULY 1, 2012 5,579,071.00 JULY 1, 1992, NOT AID ELG 713 REQ DEBT SERV LEVY FOR =(723)+(724)+(725)= NON-VOTER ELIG BONDS COMMUNITY SERVICE SUMMARY SOLD BY JULY 1, 2012 727 GDS REQ DEBT SERV LEVY 714 REQ DEBT SERV LEVY FOR = (708)+(710)+(716) 529 TOTAL INITIAL COMMUNITY ELG BONDS SOLD BY +(717)+(720)+(721) SERVICE LEVY LIMIT JULY 1, 2012 +(722)+(726) = 6,431,613.00 = (510)+(518)+(521) =(712)+(713)= 5,579,071.00 + (522)+(526)+(528) = 451,860.54 728 GDS REQ DEBT SERV LEVY 715 PAY 13 SHARE INTERMED VOTER APPR = (704) DIST DEBT SERV (ELG) +(712)+(718)+(723) = 5,579,071.00 GENERAL DEBT SERVICE (FUND 7) 716 CUR ELG REQ DEBT SERV LEVY = (704) 34 2011 ANTC TOTAL 40,649,664 REQUIRED DEBT SERVICE LEVY +(711)+(714)+(715) = 6,296,819.00 729 MAX EFFORT DEBT (EQUAL TO 105% OF THE FY 2014 SERV TAX RATE % PRINCIPAL AND INTEREST PAYMENTS) 717 PAY 13 SHARE INTERMED 730 MAX EFFORT DEBT SERV DIST DEBT SERV(INELG) LEVY = (34) X (729) = 701 PAY 13 REQ DEBT SERV 731 DS LOAN RECEIVABLE LEVY FOR TAC BONDS 718 REQ DEBT SERV LEVY FOR 702 FY 2014 TACONITE VOTER APPR BONDS SOLD 732 DEBT EQL BASE = GTR OF FUNDING FOR BONDS AFTER JULY 1, 2012 (730)OR((716)-(731))= 6,296,819.00 703 TAC ADJ TO REQ = (702) AND ELG FOR FUTURE OR ((702) X 1.05) = EQUAL AID 733 INELG LEASE PURCHASE 704 NET REQ DEBT SERV LEVY 719 REQ DEBT SERV LEVY FOR 734 BOARD AUTHORIZED TACONITE=(701)-(703)= NON-VOTER BONDS SOLD TRANSFER TO FUND 7 AFTER JULY 1, 2012 REDUCING REQUIRED 705 PAY 97 LEVY FOR ALT AND ELG FOR FUTURE DEBT SERVICE LEVY FACILITY BONDS (MAX EQUAL AID ALT FAC BONDED AID) 720 REQ DEBT SERV LEVY FOR 735 FEDERAL FUNDS 706 ALT FAC AID ADJUST BONDS SOLD AFTER REDUCING REQUIRED 1.05 X (705) ROUNDED= JULY 1, 2012 AND ELG DEBT SERVICE LEVY FOR FUTURE EQ AID 707 ALT FAC REQ REG DEBT = (718)+(719) = SERV LEVY (SOLD BY JULY 1ST AND AID ELG) 721 REQ DEBT SERV LEVY FOR FACIL BOND-MS 123B.62 134,794.00 722 REQ DEBT SERV LEVY FOR EQUIP BOND-MS 123B.61

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 11 OF 31 DEBT EXCESS BOND SCHEDULE ADJ FOR DEBT EQUALIZATION AID DEBT SERVICE AID ADJ (CONT) 736 JUNE 2011 FUND 7-422 34 2011 ANTC INCLUDING BALANCE 674,779.31 IF [(752)+(753)] > 0 JOBZ 40,649,664 737 JUNE 2011 FUND 7-425 THEN (721) AND (722) 765 =.1050 X (34) = 4,268,214.72 BALANCE FOR BOND ARE INCLUDED IN (754) 766 =.1574 X (34) = 6,398,257.11 REFUNDING 767 DEDICATED FUNDS 754 BASE FOR NET DEBT 768 LOCAL EFFORT 738 PAY 11 DEBT EXCESS EXCESS DISTRIBUTION =GTR OF ZERO LEVY REDUCTION 163,172.36 = IF (730) = 0, THEN OR [(766)-(767)] = 6,398,257.11 739 PAY 12 DEBT EXCESS [(727)+(733)-(708)- 744 DEBT EXCESS FOR LEVY REDUCTION 22,517.23 (710)-(720)] ELSE 0 = 6,431,613.00 AUTHORIZED TRANSFER 740 5% OF PAY PAY 13 REQ DEBT 769 FY 2014 NET DEBT EQ SERV LEVY=(727) X 5%= 321,580.65 755 DEBT EXCESS RATIO = REV = GTR OF ZERO OR LSR 1 OR (748)/(754)=.02604464 [(764)+(744)-(768)] = 741 FUND 7 AVAIL BALANCE GTR OF ZERO OR [(736) 756 NET DEBT EXCESS FOR 770 MAX TIER 1 EQU REV -(738)-(739)-(740)] = 167,509.07 ELG REQ DEBT SERVICE = (711)+(765)-(757) = 4,967,269.23 = (716) X (755) = 163,998.41 771 PRELIM TIER 1 EQU REV 742 RETAIN FOR CAP LOAN = LESSER OF REPAYMENT 757 EXCESS FOR ELIGIBLE (769) OR (770) = 743 APPROVED DEBT EXCESS ALT FACILITIES BONDS 772 PRELIM TIER 2 EQU REV TO BE RETAINED = (711) X (755) = 18,693.49 = (769)-(771) = 744 DEBT EXCESS FOR 758 EXCESS FOR INELIGIBLE 730 MAXIMUM EFFORT DEBT AUTHORIZED TRANSFER FACILITY & EQUIP BONDS SERVICE LEVY 745 DISTRICT REQUESTED IF IN (754), THEN 773 MIN TIER 2 REV FOR MAX ADDITIONAL EXCESS [(721)+(722)]X(755) = 3,510.66 EFF = GTR OF ZERO OR 746 CERT DEBT EXCESS 759 GENERAL FUND LEVY ADJ [(730)-(765)-(768)] = = GREATER OF ZERO OR FOR FACILITY & EQUIP [(741)-(742)-(743) BONDS = (758)- 774 TIER 2 EQUAL REV = GTR -(744)] OR (745) = 167,509.07 (721)-(722)-(747) = 131,283.34- OF (772) OR (773) = 747 EXCESS USED TO RETIRE 760 UNALLOCATED DEBT 775 TIER 1 EQUAL REV FAC & EQUIP BONDS EXCESS = GTR OF ZERO = (769)-(774) = 748 ADJUSTED DEBT EXCESS OR [(748)-(754)] = = (746)-(747) = 167,509.07 57 2010-11 ADJ PU (ACT) 4,515.75 761 DEBT EXCESS FOR VOTER 776 ANTC/ADJ PU 749 DISTRICT REQUESTED DEBT APPROVED BONDED DEBT = = (34)/(57) = 9,001.75 EXCESS FOR REORG DEBT [(728)-(718)]X(755) = 145,304.92 777 TIER 1 DEBT EQUAL 750 TOTAL DEBT EXCESS 762 DEBT EXCESS FOR NON- LEVY RATIO = LSR OF = (748)+(749) = 167,509.07 VOTER APPROVED DEBT 1 OR (776)/$3,049 = 1.00000000 = (748)-(760)-(761) = 22,204.15 778 TIER 2 DEBT EQUAL BOND SCHEDULE ADJ FOR 763 NET DEBT EXCESS FOR LEVY RATIO = LSR OF DEBT SERVICE AID ADJ DEBT SERV LEVY REDUCT 1 OR (776)/$7,622 = 1.00000000 = (761) + (762) = 167,509.07 751 FY 2014 NET REV ADJ 779 TIER 1 DEBT EQU AID TO DEBT EQL REVENUE 764 FY 2014 GROSS DEBT EQ RATIO = 1-(777) = (MEMO) REVENUE = (732) 780 TIER 2 DEBT EQU AID +(751)-(756) = 6,132,820.59 RATIO = 1-(778) = BREAKDOWN OF NET DEBT EXCESS 752 PAY 12 REQ DEBT SERV LEVY FOR FACIL BONDS 27,630.00 753 PAY 12 REQ DEBT SERV LEVY ON EQUIP BONDS

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 12 OF 31 DEBT EQUALIZATION AID (CONT) OTHER POSTEMPLOYMENT BENEFITS (OPEB) OTHER POSTEMPLOYMENT BENEFITS (OPEB) & PENSION DEBT SERVICE (FUND 47) & PENSION DEBT SERVICE (CONT) 781 TIER 1 DEBT AID = (775) X (779) = 901 LEVY BONDS IRREV TRUST 918 REQUESTED DEBT EXCESS 782 TIER 2 DEBT AID VOTER APPROVED OPEB/PENSION BONDS = (774) X (780) = 902 LEVY BONDS REVOC TRUST NON-VOTER APPROVED 783 GROSS FY 2014 DEBT AID VOTER APPROVED = (781)+(782) = 903 REQUIRED DEBT SERVICE 919 TOTAL PAY 12 OPEB DEBT LEVY FOR OPEB BONDS SERVICE REDUCTION 784 FY 2014 DEBT SERVICE VOTER APPROVED = (917) + (918) = AID PRORATION 1.00000000 = (901) + (902) = 785 FY 2014 NET DEBT AID 920 NET DEBT SERVICE LEVY = (783) X (784) = 904 LEVY BONDS IRREV TRUST FOR VOTER APPROVED NON-VOTER APPROVED 749,362.00 OPEB/PENSION BONDS 786 ELG ALT FAC BOND LESS 905 LEVY BONDS REVOC TRUST =(903)-(915)+(917) = ALT FAC DEBT EXCESS NON-VOTER APPROVED = (711) - (757) = 699,054.51 906 LEVY BONDS FUND 1 RSVD 921 NET DEBT SERVICE LEVY 787 TIER 1 ALT FAC REV NON-VOTER APPROVED FOR OPEB/PENSION BONDS IF (730) = 0 THEN LSR 907 REQUIRED DEBT SERVICE NON-VOTER APPROVED OF (775) OR (786) = LEVY FOR OPEB BONDS =(909)-(916)+(918) = 740,855.84 NON-VOTER APPROVED 788 NON VOTER DEBT AID SUM (904) THRU (906)= 749,362.00 = (779) X (784) X (787) = 908 REQ DEBT SERV LEVY FOR LEVY LIMITATION ADJUSTMENTS 789 VOTER APPR DEBT AID PENSION BONDS (MPLS) = (785)-(788) = IN GENERAL, IF WE HAVE: 909 REQ DEBT SERVICE LEVY A FINAL LEVY AUTHORITY 790 NET ADJ DEBT SERV LEVY FOR OPEB/PENSION BONDS B PREVIOUSLY CALCULATED AUTHORITY = IF (730)>0 THEN {GTR NON-VOTER APPROVED C CERTIFIED LEVY BASED ON (B) OF [(727)-(721)-(722)] = (907) + (908) = 749,362.00 D LEVY ADJUSTMENT, THEN: OR (730)-(920)+(921) IF A>B, D=A-B -(785) ELSE 0 910 ENDING FY 11 FUND 47 IF A<C, D=A-C 422 BALANCE VOTER APP OTHERWISE D=ZERO 791 ADDL MAX EFF GDS LEVY = IF (730)>0 THEN GTR [(730) 911 ENDING FY 11 FUND 47 -(909)-(790)] OR 0 = 422 BAL NON VOTER APP 45,974.26 GENERAL FUND ADJUSTMENTS 792 GDS LEVY LIMIT VOTER 912 PAY 11 OPEB DEBT FY 2013 OPERATING APPROVED = [GTR OF EXCESS REDUCTION CAPITAL LEVY ADJUSTMENT ((728)+(920)) OR (730)] 913 PAY 12 OPEB DEBT -(789)+(791)-(920) = 5,579,071.00 EXCESS REDUCTION 1001 FY 2013 OPER CAP LEVY AUTH 914 5% OF PAY 12 REQ (FROM FY 2013 GENERAL 793 GDS LEVY LIMIT FOR OPEB DEBT SERV LEVY 37,468.10 EDUC REVENUE REPORT, NON VOTER = (727)-(728) LINE 160) 806,847.45 + (733)-(788) = 852,542.00 915 FUND 47 AVAILABLE BALANCE VOTER APPROVED 1002 11 PAY 12 LIMIT 803,703.95 794 TOTAL INITIAL GDS LEVY =(910)-(912)-(913) 1003 11 PAY 12 LEVY 803,703.95 LIMIT = (792)+(793) = 6,431,613.00 -(914) = 1004 FY 2013 OPER CAPITAL LEVY ADJUSTMENT 916 FUND 47 AVAILABLE = ((1001)-(1002)) = 3,143.50 BALANCE NON-VOTER APPROVED =(911)-(912)-(913) -(914) = 8,506.16 917 REQUESTED DEBT EXCESS OPEB/PENSION BONDS VOTER APPROVED

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 13 OF 31 FY 2013 EQUITY LEVY ADJUSTMENT FY 2013 1ST TIER REF LEVY ADJUST (CONT) FY 2013 TBRA ALLOCATION ADJUSTMENT 1005 FY 2013 EQUITY LEVY AUTH 1021 PAY 12 LIMIT ADJ FOR TBRA FY 2013 ALLOCATION OF TBRA (FROM FY 2013 GENERAL = (1018)+(1019) = 1,733,748.90 TO REF LEVY CATEGORIES EDUC REVENUE REPORT, 1022 PAY 12 LEVY ADJ FOR TBRA (FROM FY 2013 GENERAL LINE 170) 538,423.34 = (1018)+(1020) = 1,733,748.90 EDUC REVENUE REPORT, LINES 223 TO 225) 1006 11 PAY 12 LIMIT 531,938.51 1023 FY 2013 1ST TIER REF 1007 11 PAY 12 LEVY 531,938.51 LEVY ADJUSTMENT 1038 TIER 1 LEVY 1008 FY 2013 EQUITY = ((1017)-(1021)) = 91,817.70 1039 TIER 2 LEVY LEVY ADJUSTMENT 1040 UNEQL LEVY = ((1005)-(1006)) = 6,484.83 1024 FY 2013 2ND TIER REF LEVY AUTH (FROM FY 2013 GENERAL 1041 TOTAL FY 2013 TBRA ALLOC EDUC REVENUE REPORT, TO REF LEVY CATEGORIES FY 2013 TRANSITION LEVY ADJUSTMENT LINE 204) = (1038) TO (1040) = 1009 FY 2013 TRANSITION LEVY AUTH 1025 ALLOCATION OF TBRA 1042 TOTAL FY 2013 TBRA ALLOC (FROM FY 2013 GENERAL (FROM PAY 12 LEVY TO REF LEVY CATEGORIES EDUC REVENUE REPORT, REPORT, LINE 240) FROM PAY 12 LEVY LINE 177) 64,992.36 = (1018)+(1025) 1026 11 PAY 12 LIMIT + (1032) = 1010 11 PAY 12 LIMIT 64,378.76 1027 11 PAY 12 LEVY 1011 11 PAY 12 LEVY 64,378.76 1043 FY 2013 TBRA ALLOCATION 1012 FY 2013 TRANSITION 1028 PAY 12 LIMIT ADJ FOR TBRA ADJUSTMENT LEVY ADJUSTMENT = (1025)+(1026) = = (1042)-(1041) = = ((1009)-(1010)) = 613.60 1029 PAY 12 LEVY ADJ FOR TBRA = (1025)+(1027) = FY 2011 OPERATING CAPITAL LEVY ADJ FY 2013 ALT TEACHER COMP LEVY ADJUST 1030 FY 2013 2ND TIER REF LEVY ADJUSTMENT 1044 FY 2011 OPER CAP LEVY AUTH 1013 FY 2013 ALT COMP LEVY AUTH (FROM FY 2011 GENERAL (FROM FY 2013 GENERAL EDUC REVENUE REPORT, EDUC REVENUE REPORT, LINE 159) 881,478.76 LINE 187) FY 2013 UNEQUAL REF LEVY ADJUST 1045 09 PAY 10 LIMIT 902,075.89 1014 11 PAY 12 LIMIT 1031 FY 2013 UNEQUAL REF LEVY AUTH 1046 09 PAY 10 LEVY 902,075.89 1015 11 PAY 12 LEVY (FROM FY 2013 GENERAL 1047 TOTAL ADJUST TO PAY 10 1016 FY 2013 ALT TEACH COMP EDUC REVENUE REPORT, OPER CAP LEVY AUTH LEVY ADJUSTMENT LINE 206) = ((1044)-(1046)) = 20,597.13-1032 ALLOCATION OF TBRA 1048 10 PAY 11 ADJ LIMIT 1,767.99- (FROM PAY 12 LEVY 1049 10 PAY 11 ADJ LEVY 1,767.99- FY 2013 1ST TIER REF LEVY ADJUST REPORT, LINE 241) 1050 FY 2011 OPER CAPITAL LEVY ADJUSTMENT 1017 FY 2013 1ST TIER REF LEVY AUTH 1033 11 PAY 12 LEVY = ((1047)-(1049)) = 18,829.14- (FROM FY 2013 GENERAL 1034 11 PAY 12 LEVY EDUC REVENUE REPORT, LINE 202) 1,825,566.60 1035 PAY 12 LIMIT ADJ FOR TBRA FY 2011 EQUITY LEVY ADJUSTMENT = (1032)+(1033) = 1018 ALLOCATION OF TBRA 1036 PAY 12 LEVY ADJ FOR TBRA 1051 FY 2011 EQUITY LEVY AUTH (FROM PAY 12 LEVY = (1032)+(1034) = (FROM FY 2011 GENERAL REPORT, LINE 239) 1019 11 PAY 12 LIMIT 1,733,748.90 LEVY ADJUSTMENT 1020 11 PAY 12 LEVY 1,733,748.90 EDUC REVENUE REPORT, 1037 FY 2013 UNEQUALIZED REF LINE 169) 527,033.18

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 14 OF 31 FY 2011 EQUITY LEVY ADJUST (CONT) FY 2011 1ST TIER REF LEVY ADJUST FY 2011 UNEQUALIZED REF LEVY ADJUST 1052 09 PAY 10 LIMIT 529,385.46 1072 FY 2011 1ST TIER REF LEVY AUTH 1092 FY 2011 UNEQUAL REF LEVY AUTH 1053 09 PAY 10 LEVY 529,385.46 (FROM FY 2011 GENERAL (FROM FY 2011 GENERAL 1054 TOTAL ADJUST TO PAY 10 EDUC REVENUE REPORT, EDUC REVENUE REPORT, EQUITY LEVY AUTH LINE 201) 1,812,595.20 LINE 205) = ((1051)-(1053)) = 2,352.28-1073 ALLOCATION OF TBRA 1093 ALLOCATION OF TBRA 1055 10 PAY 11 ADJ LIMIT 1,905.73 (FROM PAY 10 LEVY (FROM PAY 10 LEVY 1056 10 PAY 11 ADJ LEVY 1,905.73 REPORT, LINE 239) REPORT, LINE 241) 1057 FY 2011 EQUITY LEVY ADJUSTMENT 1074 09 PAY 10 LIMIT 1,786,629.00 1094 09 PAY 10 LIMIT = ((1054)-(1056)) = 4,258.01-1075 09 PAY 10 LEVY 1,786,629.00 1095 09 PAY 10 LEVY 1076 PAY 10 LIMIT ADJ FOR TBRA 1096 PAY 10 LIMIT ADJ FOR TBRA FY 2011 TRANSITION LEVY ADJUSTMENT = (1073)+(1074) = 1,786,629.00 = (1093)+(1094) = 1077 PAY 10 LEVY ADJ FOR TBRA 1097 PAY 10 LEVY ADJ FOR TBRA 1058 FY 2011 TRANSITION LEVY AUTH = (1073)+(1075) = 1,786,629.00 = (1093)+(1095) = (FROM FY 2011 GENERAL EDUC REVENUE REPORT, 1078 TOTAL ADJUST TO PAY 10 1098 TOTAL ADJUST TO PAY 10 LINE 176) 64,304.28 1ST TIER REF LEVY AUTH UNEQUAL REF LEVY AUTH = ((1072)-(1076)) = 25,966.20 1059 09 PAY 10 LIMIT 64,613.43 1060 09 PAY 10 LEVY 64,613.43 1079 10 PAY 11 ADJ LIMIT 1099 10 PAY 11 ADJ LIMIT 1061 TOTAL ADJUST TO PAY 10 1080 10 PAY 11 ADJ LEVY 1100 10 PAY 11 ADJ LEVY TRANSITION LEVY AUTH 1081 FY 2011 1ST TIER REF 1101 FY 2011 UNEQUAL REF = ((1058)-(1060)) = 309.15- LEVY ADJUSTMENT LEVY ADJUSTMENT = ((1078)-(1079)) = 25,966.20 1062 10 PAY 11 ADJ LIMIT 1063 10 PAY 11 ADJ LEVY 1064 FY 2011 TRANSITION FY 2011 2ND TIER REF LEVY ADJUST FY 2011 TBRA ALLOCATION ADJUSTMENT LEVY ADJUSTMENT = ((1061)-(1063)) = 309.15-1082 FY 2011 2ND TIER REF LEVY AUTH FY 2011 ALLOCATION OF TBRA (FROM FY 2011 GENERAL TO REF LEVY CATEGORIES EDUC REVENUE REPORT, (FROM FY 2011 GENERAL FY 2011 ALT TEACHER COMP LEVY ADJUST LINE 203) EDUC REVENUE REPORT, LINES 222 TO 224) 1065 FY 2011 ALT COMP LEVY AUTH 1083 ALLOCATION OF TBRA (FROM FY 2011 GENERAL (FROM PAY 10 LEVY 1102 TIER 1 LEVY EDUC REVENUE REPORT, REPORT, LINE 240) 1103 TIER 2 LEVY LINE 186) 1104 UNEQL LEVY 1084 09 PAY 10 LIMIT 1066 09 PAY 10 LIMIT 1085 09 PAY 10 LEVY 1105 TOTAL FY 2011 TBRA ALLOC 1067 09 PAY 10 LEVY TO REF LEVY CATEGORIES 1086 PAY 10 LIMIT ADJ FOR TBRA = (1102) TO (1104) = 1068 TOTAL ADJUST TO PAY 10 = (1083)+(1084) = ALT COMP LEVY AUTH 1087 PAY 10 LEVY ADJ FOR TBRA 1106 TOTAL FY 2011 TBRA ALLOC = (1083)+(1085) = TO REF LEVY CATEGORIES FROM PAY 10 LEVY 1069 10 PAY 11 ADJ LIMIT 1088 TOTAL ADJUST TO PAY 10 = (1073)+(1083) 1070 10 PAY 11 ADJ LEVY 2ND TIER REF LEVY AUTH + (1093) = 1071 FY 2011 ALT TEACH COMP LEVY ADJUSTMENT 1107 FY 2011 TBRA ALLOCATION 1089 10 PAY 11 ADJ LIMIT TOTAL ADJUSTMENT 1090 10 PAY 11 ADJ LEVY = (1106)-(1105) = 1091 FY 2011 2ND TIER REF LEVY ADJUSTMENT

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 15 OF 31 FY 2011 TBRA ALLOCATION ADJ (CONT) FY 2003 REEMPLOYMENT ADJUSTMENT FY 2011 CAREER TECHNICAL ADJUSTMENT 1108 10 PAY 11 ADJ LIMIT 1127 REEMPLOYMENT BALANCE 1142 FY 2011 APPROVED COOPERATIVE 1109 10 PAY 11 ADJ LEVY (PAY 12 LEVY EXPENDITURES FROM LINE 1165) CTE BUDGET SYSTEM 1110 FY 2011 TBRA ALLOC 1143 FY 2011 ACTUAL LEVY ADJUSTMENT 1128 REEMPLOY ADJUST BASED COOPERATIVE EXPENDITURES ON CURRENT YEAR LEVY FROM UFARS = LESSER OF [(275) 1144 LESSER OF (1142) OR (1127)] X -1 = OR (1143) = FY 2013 INTEGRATION ADJUSTMENT 1145 COOP ALLOCATION 1129 REEMPLOY ADJUST BASED 1146 ACTUAL COOPERATIVE 1111 FY 2013 INTEG LEVY AUTH ON FY 2011 ADJUSTMENT, EXPENDITURES (FROM INTEGRATION REVENUE IF (1126)<0, THEN ZERO; = (1144) X (1145) = REPORT, LINE 18) ELSE LESSER OF {(1126) 1147 ADDITIONAL COOP OR [(1127)+(1128)]} EXPENDITURES 1112 11 PAY 12 LIMIT X -1 = 1148 FY 2011 APPROVED DISTRICT 1113 11 PAY 12 LEVY EXPENDITURES FROM 1114 FY 2013 INTEGRATION 1130 FY 2003 REEMPLOY ADJUST CTE BUDGET SYSTEM 257,005.07 ADJUSTMENT LIMIT = (1128)+(1129) = 1149 FY 2011 ACTUAL DISTRICT EXPENDITURES FROM 1131 REVISED REEMPLOYMENT UFARS 273,739.65 BALANCE 1150 ACTUAL DISTRICT FY 2011 INTEGRATION ADJUSTMENT = (1127)+(1130)] = EXPENDITURES = LESSER OF (1148) OR (1149) = 257,005.07 1115 FY 2011 INTEG LEVY AUTH (FROM INTEGRATION REVENUE FY 2011 SAFE SCHOOLS ADJUST 1151 TOTAL FY 2011 ACTUAL REPORT, LINE 18) EXPENDITURES = (1146) 1132 SAFE SCH LVY REQUEST? YES +(1147)+(1150)= 257,005.07 1116 09 PAY 10 LIMIT 61 2010-11 AMCPU (ACT) 4,515.75 1152 25% OF TOTAL ACTUAL 1117 09 PAY 10 LEVY 1133 FY 2011 SAFE SCHOOLS EXPENDITURES 1118 TOTAL ADJUSTMENT AUTHORITY $30 X (61)= 135,472.50 = (1151) X.25 = 64,251.27 1134 09 PAY 10 LIMIT 136,123.80 1153 FY 2011 ACTUAL ADM 1119 10 PAY 11 ADJ LIMIT 1135 09 PAY 10 LEVY 136,123.80 SERVED GRADES 10-12 954.13 1120 10 PAY 11 ADJ LEVY 1136 FY 2011 SAFE SCH ADJUST 1154 ALLOWANCE PER ADM 80.00 1121 FY 2011 INTEGRATION = ((1133)-(1135)) = 651.30-1155 MAXIMUM REVENUE ADJUSTMENT LIMIT = (1153) X (1154) = 76,330.40 FY 2011 SAFE SCHOOLS 1156 PRELIMINARY REVENUE INTERMEDIATE ADJUST = LESSER OF (1152) FY 2011 REEMPLOYMENT ADJUSTMENT OR (1155) = 64,251.27 1137 SAFE SCH INTERMEDIATE 1122 FY 2011 EXPEND ACTUAL 6,276.66 LEVY ALLOW 1157 FY 2011 CAREER TECH 1123 REEMPLOY LEVY AUTH 61 2010-11 AMCPU (ACT) 4,515.75 FINAL LEVY AUTHORITY 82,400.80 = 100% OF (1122) = 6,276.66 1138 FY 2011 SAFE SCHOOLS 1158 REVENUE GUARANTEE INTERMEDIATE AUTHORITY = LESSER OF (1151) 1124 10 PAY 11 LIMIT 15,000.00 = (1137 )X (61) = OR (1157) = 82,400.80 1125 10 PAY 11 LEVY 15,000.00 1159 FY 2011 LEVY AUTHORITY 1126 FY 2011 REEMPLOY ADJUST 1139 09 PAY 10 LIMIT = GREATER OF (1156) = ((1123)-(1125)) = 8,723.34-1140 09 PAY 10 LEVY OR (1158) = 82,400.80 1141 FY 2011 SAFE SCHOOLS INTERMEDIATE ADJUST 1160 FY 2011 LEVY ALLOCATION FOR SECONDARY EDUCATION PER M.S. 124D.4531 1161 FY 2011 LEVY AUTHORITY = (1159) + (1160) = 82,400.80

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 16 OF 31 FY 2011 CAREER TECHNICAL ADJ (CONT) CAPITAL RELATED ADJUSTMENTS (CONT) FY 2011 HEALTH & SAFETY ADJUSTMENT 1162 10 PAY 11 LIMIT 86,656.00 1203 11 PAY 12 INITIAL 1163 10 PAY 11 LEVY 86,656.00 H&S LIMIT PRIOR TO 1219 FY 2011 ACT HEALTH & AID PRORATION 108,047.74 SAFETY LEVY AUTHORITY 1164 FY 2011 CAREER TECHNICAL PRIOR TO AID PRORATION ADJUSTMENT 1204 11 PAY 12 LIMIT 108,047.74 (FROM FY 2011 H&S AID = ((1161)-(1163))= 4,255.20-1205 11 PAY 12 LEVY 108,047.74 REPORT, LINE 24) 102,736.74 1206 12 PAY 13 INITIAL 1220 FY 2011 LEVY ADJUSTMENT FY 2011 HEALTH BENEFITS LEVY ADJUST H&S ADJUSTMENT PRIOR FOR AID PRORATION TO AID PRORATION (FROM FY 2011 H&S 1165 FY 2011 ACTUAL COST = (1200)-(1203) = 31,683.00- AID REPORT, LINE 35) (LIMITED TO $600,000) 1207 12 PAY 13 MINIMUM TO AVOID AID REDUCTION 1221 FY 2011 HEALTH & SAFETY 1166 10 PAY 11 LIMIT = GTR 0 OR (1206) = TOTAL LEVY AUTHORITY 1167 10 PAY 11 LEVY = (1219) + (1220) = 102,736.74 1168 FY 2011 HEALTH 1208 FY 2013 H&S LEVY ADJUST BENEFITS ADJUST = (1202)-(1205) = 31,683.00-1222 09 PAY 10 LIMIT 102,736.74 1223 09 PAY 10 LEVY 102,736.74 FY 2012 HEALTH & SAFETY ADJUSTMENT 1224 PRELIM ADJUST LIMIT FY 2011 ANNUAL OPEB LEVY ADJUST 1209 FY 2012 EST HEALTH & 1169 FY 2011 ACTUAL COST SAFETY LEVY AUTHORITY 1225 10 PAY 11 ADJ LIMIT (OBJECT 291) PRIOR TO AID PRORATION FOR FY 2011 H&S (FROM FY 2012 H&S AID 1226 10 PAY 11 ADJ LEVY 1170 PRORATION FACTOR TO REPORT, LINE 24) 132,659.64 FOR FY 2011 H&S REFLECT STATEWIDE CAP 1171 PRORATED ANNUAL 1210 FY 2012 LEVY ADJUSTMENT 1227 11 PAY 12 ADJ LIMIT OPEB LEVY AUTH FOR AID PRORATION FOR FY 2011 H&S (FROM FY 2012 H&S 1228 11 PAY 12 ADJ LEVY 1172 11 PAY 12 LIMIT AID REPORT, LINE 35) FOR FY 2011 H&S 1173 11 PAY 12 LEVY 1211 FY 2012 HEALTH & SAFETY 1229 FY 2011 H&S LIMIT ADJUST 1174 FY 2011 ANNUAL TOTAL LEVY AUTHORITY = (1225)+(1227) = OPEB ADJUSTMENT = (1209) + (1210) = 132,659.64 1230 FY 2011 H&S LEVY ADJUST 00000000000000000000 = (1226)+(1228) = 1212 10 PAY 11 LIMIT 177,950.00 1213 10 PAY 11 LEVY 177,950.00 1231 FY 2011 H&S LEVY ADJUST CAPITAL RELATED ADJUSTMENTS (NO ADJUSTMENT) 1214 PRELIM ADJUST LIMIT FY 2013 HEALTH & SAFETY ADJUSTMENT = (1211)-(1213) = 45,290.36-1232 FY 2011 MIN H&S ADJUST 1200 FY 2013 EST HEALTH & 1215 11 PAY 12 ADJ LIMIT TO LEVY FOR AID SAFETY LEVY AUTHORITY FOR FY 2012 H&S 40,500.00- = LSR OF (1231) OR PRIOR TO AID PRORATION 1216 11 PAY 12 ADJ LEVY [(1219)-(1223)-(1230)] (FROM FY 2013 H&S AID FOR FY 2012 H&S 40,500.00- BUT NOT LESS THAN 0 REPORT, LINE 24) 76,364.74 1217 FY 2012 H&S LEVY ADJUST 1201 FY 2013 LEVY ADJUSTMENT = (1214)-(1216) = 4,790.36- FOR AID PRORATION FY 2011 DEFERRED MAINT ADJUSTMENT (FROM FY 2013 H&S AID REPORT, LINE 35) 1218 MIN H&S ADJUST LIMIT 1233 FY 2011 ACTUAL DEFERRED = LSR OF (1217) OR MAINTENANCE LEVY 1202 FY 2013 HEALTH & SAFETY [(1209)-(1213)-(1216)] AUTHORITY (FROM FY 2011 TOTAL LEVY AUTHORITY BUT NOT LESS THAN 0 DEFERRED MAINTENANCE = (1200)+(1201) = 76,364.74 230,767.73

DISTRICT NAME ALEXANDRIA PUBLIC SCHOOL 2 0 1 2 P A Y A B L E 2 0 1 3 PAGE 17 OF 31 DEFERRED MAINT ADJUSTMENT (CONT) FY 2011 NET LEASE COSTS (CONT) LEASE LEVY (CONT) 1234 09 PAY 10 LIMIT 271,625.32 1257 PAY 11 INTERMEDIATE 61 2010-11 AMCPU (ACT) 4,515.75 1235 09 PAY 10 LEVY 271,625.32 1258 PAY 11 OPER JOINT 1275 INTERM PUPIL UNIT 1259 PAY 11 OPER NON-J AUTH = $43 X (61) = 194,177.25 1236 FY 2011 DEFERRED 1260 PAY 11 CAPITAL JOINT 1276 INTERMEDIATE LEASE MAINT ADJUSTMENT 1261 PAY 11 CAPITAL NON-J AUTHORITY = LSR OF = (1233)-(1235) = 40,857.59- (1274) OR (1275) = 1262 FY 2011 COSTS (PAY 11) SUM (1257) TO (1261)= 1277 INTERM DIST CARRYOVER LEASE LEVY ADJUSTMENT TO REGULAR LEASE AUTH 1263 TOTAL FY 2010 OPER = (1274) - (1276) = FY 2010 AND FY 2011 LEASE NON-J NET LEASE COSTS COSTS WITH A PAY 10 LEVY = (1240) + (1246) = 249,229.50 1278 PAY 10 LEASE COST (PAY 11 LEASE LEVY FOR FY 1264 ACTUAL FY 2010 UFARS UNDER REGULAR AUTH 2011 & 2012 LEASE COSTS LEASE COSTS = (1273) - (1276) = 79,483.25 WILL BE ADJUST NEXT YEAR) (FUND 1, OBJECT 370) 297,074.63 1265 PAY 09 OPER NON-J 42 2010-11 RES PU (ACT) 4,647.68 FY 2010 NET LEASE COSTS LEASE COST LIMITED 1279 PAY 10 PUPIL UNIT MAX BY FY 2010 UFARS AUTH = $150 X (42) = 697,152.00 1237 PAY 09 INTERMEDIATE LSR (1240) OR (1264)= 229,645.50 1280 PAY 10 COMMISSIONER 1238 PAY 09 TIES CAPITAL APPROVED LIMIT 1239 PAY 09 OPER JOINT 1266 REMAIN FY 2010 UFARS 1281 REGULAR MAX AUTHORITY 1240 PAY 09 OPER NON-J 229,645.50 = (GREATER OF ZERO OR = GTR OF (1279) 1241 PAY 09 CAPITAL JOINT (1264) - (1265) = 67,429.13 OR (1280) = 697,152.00 1242 PAY 09 CAPITAL NON-J 1267 PAY 10 OPER NON-J LEASE COST LIMITED 1282 TOTAL PAY 10 REGULAR 1243 FY 2010 COSTS (PAY 09) BY FY 2010 UFARS LEASE LEVY AUTHORITY SUM (1237) TO (1242)= 229,645.50 LSR (1246) OR (1266)= 19,584.00 = LSR OF (1278) 1268 FY 2010 ADJUSTED COSTS OR (1281) = 79,483.25 1244 PAY 10 INTERMEDIATE (PAY 10) = (1249) - 1245 PAY 10 OPER JOINT (1246) + (1267) = 19,584.00 1283 TOTAL PAY 10 REGULAR & 1246 PAY 10 OPER NON-J 19,584.00 INTERM LEASE LEVY AUTH 1247 PAY 10 CAPITAL JOINT 1269 TOTAL FY 2011 OPER = (1276) + (1282) = 79,483.25 1248 PAY 10 CAPITAL NON-J NON-J NET LEASE COSTS = (1253) + (1259) = 59,899.25 1284 PAY 10 INITIAL LEASE 1249 FY 2010 COSTS (PAY 10) 1270 ACTUAL FY 2011 UFARS LEVY LIMITATION 88,201.00 SUM (1244) TO (1248)= 19,584.00 LEASE COSTS 1285 PAY 10 CERTIFIED (FUND 1, OBJECT 370) 244,994.79 LEASE LEVY 88,201.00 1271 PAY 10 OPER NON-J FY 2011 NET LEASE COSTS LEASE COST LIMITED 1286 PAY 10 LEASE LEVY BY FY 2011 UFARS LIMITATION ADJUSTMENT 1250 PAY 10 INTERMEDIATE LSR (1253) OR (1270)= 59,899.25 = (1283)-(1285) = 8,717.75-1251 PAY 10 TIES CAPITAL 1272 FY 2011 ADJUSTED COSTS 1252 PAY 10 OPER JOINT (PAY 10) = (1256) - 1253 PAY 10 OPER NON-J 59,899.25 (1253) + (1271) = 59,899.25 1254 PAY 10 CAPITAL JOINT 1255 PAY 10 CAPITAL NON-J 1273 PAY 10 ADJUSTED NET LEASE COSTS 1256 FY 2011 COSTS (PAY 10) = (1268) + (1272) = 79,483.25 SUM (1250) TO (1255)= 59,899.25 1274 DIST'S SHARE OF PAY 10 LEASE COSTS FOR THE INTERMEDIATE DISTRICTS = (1244) + (1250) =