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® · o · · · · · <br /> <br /> ~ppendi~x ~ <br /> Page 10~ <br /> <br /> REPORT ON COUNTY SPENDING FOR PUBLIC SCHOOL CAPITAL OUTLAY <br /> <br /> Explanation of Column'Headings <br /> <br /> Population figures were obtained from the July 1, 1987 population <br /> estimates of the State Office of Budget and Management. <br /> <br /> Ieformation from the Annual Financial Information Report (AFIR - <br /> LGC 36) for the 1982-85 fiscal years was obtatned from the State <br /> Office of Budget and Management. <br /> <br /> Column References: <br /> <br /> One-half cent sales tax distributions were obtained <br /> from the Tax Research Division of the Departme~t of Revenue. The <br /> amounts represent only the restricted portion of each sales tax. <br /> Column A is calculated as 40M of the actual Article 40 one-half <br /> cemt sales tax distribution. Column B is calculated as 60M of <br /> the actual Article 42 one-half cent sales tax dlstribution~ <br /> There were. no Article 48 sales tax qistributions prior to the <br /> 1986-87 fiscal year. <br /> <br /> C Annual school debt service payments for the counties <br /> ~ere compiled from the Annual Financial Information Report (AFIR <br /> - LGC 36). <br /> <br /> D The annual school debt service payments for the past 5 <br /> years mere obtai:led from the Data Processing Section of the <br /> Department of State Treasurer. These are debt service payments <br /> on school debt issued in the 5 years preceding the effective date <br /> of each county's Article 48 sales tax. These payments would be <br /> defined as capital expenditures according to the requirements of <br /> Art~cIe 48. <br /> <br /> E,F School capital outlay expenditures (Column E) and the <br /> change in school capital reserve funds (Column F> were compiled <br /> from the AF1R. <br /> <br /> G Total county funding subject to the capital <br /> maintenance requirements of Article 42 ~as calculated by the <br /> Department of State Treasurer by totaling the annual debt service <br /> payments on school debt issued in the 5 years prior to the <br /> effective date of each county's Article 4~ sales tax, the current <br /> year school capital outlay, and the change in school capital <br /> reserve funds (Columns D, E, and F>. <br /> <br /> H,I,J County appropriations to the school local current <br /> expense fund (Column H), fines and forfeitures (Column I), and <br /> school taxes collected (Column J> were obtained from th~ AFIR. <br /> School taxes collected include only school taxes that were <br /> separately levied. Fines and forfeitures and school taxes <br /> collected are funds that are passed through counties. They are <br /> not appropriations of the counties and are not included in total <br /> <br /> <br />