Page 2! The Soup Thickens!

Yesterday's post parsed page one of the four-page ED281 for SAD 46 for the current fiscal year.

That page, I neglected to say, was labeled " Computation of EPS Rates". From the numbers of students, it derived numbers of teachers and staff we should have (by the EPS formula) and compared those figures to actual staff numbers, and applied the EPS formula to our actual salaries and benefits, and added in other support costs, especially supplies, operations, and administration.

Today we move to page 2, "Operating Cost Allocations".

Here, beginning again with student numbers and multiplying these numbers by an "SAU EPS Rate", an operating allocation is arrived at. The basic rate is $5206 for a K-8 student, and $5621 for a 9-12 student.

Click on the sheet below to enlarge it to a readable size:

For example, our basic K-8 student count is 664. Our 9-12 student count is 358. Multiplying these by their respective SAU EPS Rates yields a basic operating allocation of $5,469,102 .

This number is further modified by several adjustments. These include:

Declining Enrollment Adjustment
Adult Education
Equivalent Instruction Pupils (?)
Disadvantaged Students
Targeted Funds (Student Assessment and Technology Resources)
Isolated Small School Adjustment

Whew! I can't tell you what all of these really mean, but you get the drift. The net effect of all these adjustments is to add about 17%, or $919,569, to the allocation, bringing it to $6,388,761.

At the very end the new number of $6,388,761 is adjusted 5% downward by the "EPS Transition at 95%". We presume that in a year or so they'll get to 100%!

So the "Adjusted Total Operating Allocation" becomes $6,069,323.

Two more pages to go, 'til we get to EPS Heaven!