FALL MOUNTAIN REGIONAL SCHOOL DISTRICT UPDATED ADEQUACY AID 11-15-16

01/24/17

2015-2016 Preliminary Determination of Assessment from Taxation for the Pre-existing Districts of Acworth, Alstead, Charlestown, Langdon and Walpole.

I: REFERENCE DATA As of 10/28/16 TOWN Acworth Alstead Charlestown Langdon Walpole TOTAL TOWN Acworth Alstead Charlestown Langdon Walpole High School TOTAL

Resident of: Acworth Alstead Charlestown Langdon Walpole TOTAL

2015-2016 ADM 94.46 212.59 674.77 86.92 423.98 1,492.72 1 4.94% 12.35% 22.22% 4.94% 22.22% 33.33% 100.00%

ADM PERCENT 6.3280% 14.2418% 45.2041% 5.8229% 28.4032% 100.0000% 2 11.11% 11.11% 33.33% 11.11% 33.33% 0.00% 100.00%

Tuition Rate $17,134.13 $16,820 $13,795 $15,960 $13,898 $14,534 Method Values 3 2.02% 13.91% 26.81% 1.12% 19.91% 36.23% 100.00%

4 3.23% 13.09% 22.87% 3.39% 22.35% 35.07% 100.00%

5 1.13% 15.61% 28.97% 1.02% 17.66% 35.62% 100.00%

Elementary Students Attendance Areas Attending in Acworth Alstead Charlestown Langdon Walpole 25.1 32.2 1.0 0 0 0 124.8 0 0 0 0 0 450.6 0 0 0 29.5 0 23.3 0 0 0 0 0 298.9 25 186 452 23 299 (June 30, 2016 - Excludes Skills Centers, Alt Ed and ELC; includes onsite Pre-K's @ 1/2 FTE)

II: EXPENSE & REVENUE RECAP EXPENSE RECAP: Direct Elementary Expenses: Method 1 Elementary Expenses: Method 2 Elementary Expenses: Method 3 Elementary Expenses: Method 4 Elementary Expenses: Method 5 Elementary Expenses: Method 6 Elementary Expenses: Total Elementary Expenses

14,326,628 897,143 144,232 430,416 133,528 274,377 2,167,420 18,373,745

6 4.22% 9.49% 30.14% 3.88% 18.94% 33.33% 100.00%

TOTAL 58.3 124.8 450.6 52.8 299.3 986

REVENUE RECAP: Tuition from Out-of District Students Vocational Tuition Aid Vocational Transportation Aid Transfer from HS Capital Reserve Fund

Building Aid - FMRHS Project Total High School Revenues Adequacy Aid Building Aid (Charlestown Only) Charlestown & Walpole Capital Reserve Funds

Vilas Trust Fund (Alstead Only) Acw, Lang & Alst Capital Reserve Funds

Other Revenues: Unreserved Fund Balance Bank Interest Transfer from Health Ins Expendable Trust Fund

Direct High School Expenses Method 1 High School Expenses: Method 3 High School Expenses: Method 4 High School Expenses: Method 5 High School Expenses: Method 6 High School Expenses: Total High School Expenses

7,353,327 448,571 244,586 72,124 151,802 1,083,710 9,354,120

Special Revenue Fund Expenses: Total Expenses:

2,183,733 29,911,599

Catastrophic Aid Medicaid Reimbursements Total Other Revenues Special Revenue Fund Revenues Total Revenues before Taxes Assessments before state education tax adjustment: Acworth Alstead Charlestown Langdon Walpole Total Assessments TOTAL REV. & ASSESSMENTS

351,000 108,876 23,542 483,418 8,047,458 57,447 30,000 0 600 119,940 275,000 395,540 2,183,733 11,197,595.71

1,358,370 2,700,092 6,874,837 1,194,153 6,586,551 18,714,003 29,911,599

III: ASSESSMENTS ACWORTH: Direct Elementary Expenses: Method 1 Elementary Expenses: Method 2 Elementary Expenses: Method 3 Elementary Expenses: Method 4 Elementary Expenses: Method 5 Elementary Expenses: Method 6 Elementary Expenses: Direct High School Expenses Method 1 High School Expenses: Method 3 High School Expenses: Method 4 High School Expenses: Method 5 High School Expenses: Method 6 High School Expenses: Tuition Charge Total Expenses: Less: High School Revenues Equitable Education Aid - 11-15-16 Transfer from Capital Reserve Fund Building Aid Other Revenues Tuition Rcvd TOTAL ASSESSMENT

CHARLESTOWN: Direct Elementary Expenses: Method 1 Elementary Expenses: Method 2 Elementary Expenses: Method 3 Elementary Expenses: Method 4 Elementary Expenses: Method 5 Elementary Expenses: Method 6 Elementary Expenses: Direct High School Expenses by ADM Method 1 High School Expenses: Method 3 High School Expenses: Method 4 High School Expenses: Method 5 High School Expenses: Method 6 High School Expenses: Tuition Charge Total Expenses: Less: High School Revenues Equitable Education Aid - 11-15-16 Building Aid Transfer from Capital Reserve Fund Other Revenues OOD Tuition Rcvd Tuition Rcvd TOTAL ASSESSMENT

$

429,724.00 $66,455 $16,026 $13,615 $6,645 $4,798 $137,155 $465,322 $28,386 $15,477 $4,564 $9,606 $68,578 $555,226 $1,821,577 $30,591 $407,586 $0 $0 $25,030 $0 $1,358,370

ALSTEAD: Direct Elementary Expenses: Method 1 Elementary Expenses: Method 2 Elementary Expenses: Method 3 Elementary Expenses: Method 4 Elementary Expenses: Method 5 Elementary Expenses: Method 6 Elementary Expenses: Direct High School Expenses Method 1 High School Expenses: Method 3 High School Expenses: Method 4 High School Expenses: Method 5 High School Expenses: Method 6 High School Expenses: Tuition Charge Total Expenses: Less: High School Revenues Equitable Education Aid - 11-15-16 Transfer from Capital Reserve Fund Vilas Trust Fund Other Revenues Tuition Rcvd TOTAL ASSESSMENT

6,235,436 299,048 48,077 181,000 47,024 123,448 979,762 3,324,002 202,772 110,563 32,603 68,621 489,881 0 12,142,237 218,525 4,793,178 57,447 0 178,800 0 19,451 6,874,837

LANGDON: Direct Elementary Expenses: Method 1 Elementary Expenses: Method 2 Elementary Expenses: Method 3 Elementary Expenses: Method 4 Elementary Expenses: Method 5 Elementary Expenses: Method 6 Elementary Expenses: Direct High School Expenses by ADM Method 1 High School Expenses: Method 3 High School Expenses: Method 4 High School Expenses: Method 5 High School Expenses: Method 6 High School Expenses: Tuition Charge Total Expenses: Less: High School Revenues Equitable Education Aid - 11-15-16 Transfer from Capital Reserve Fund Building Aid Other Revenues Tuition Rcvd OOD Tuition Rcvd TOTAL ASSESSMENT

$

3,135,891.00 $166,138 $16,026 $93,878 $26,916 $66,522 $308,679 $1,047,245 $63,885 $34,833 $10,272 $21,619 $154,340 $0 $5,146,244 $68,847 $1,253,526 $0 $30,000 $56,332 $1,037,448 $2,700,092

371,388 66,455 16,026 7,548 6,982 4,362 126,207 428,179 26,120 14,242 4,200 8,839 63,104 496,017 1,639,668 28,149 394,334 0 0 23,032 0 0 1,194,153

0 WALPOLE: Direct Elementary Expenses: Method 1 Elementary Expenses: Method 2 Elementary Expenses: Method 3 Elementary Expenses: Method 4 Elementary Expenses: Method 5 Elementary Expenses: Method 6 Elementary Expenses: Direct High School Expenses by ADM Method 1 High School Expenses: Method 3 High School Expenses: Method 4 High School Expenses: Method 5 High School Expenses: Method 6 High School Expenses: Tuition Charge Total Expenses: Less: High School Revenues Equitable Education Aid - 11-15-16 Transfer from Capital Reserve Fund Other Revenues Tuition Rcvd TOTAL ASSESSMENT

0 4,154,189 $299,048 $48,077 $134,376 $45,961 $75,247 $615,616 2,088,579 127,409 69,470 20,486 43,117 307,808 5,656 $8,035,038 $137,306 1,198,835 0 $112,346 0 $6,586,551

NOTE: Regarding the apportionment of revenues that are not exclusive to the HS, the apportionment agreement adopted in 2002 makes no mention as to how these should be treated. However, neither did the formula in effect from 1966 - 2001. As such, these revenues continue to be credited by applying ADM, which has been so since the formation of the district in 1966.