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ATTACHMENT B <br /> > NOTES ON METHODOLOGY <br /> CHARTER SCHOOL ENROLLMENT SALES/ASSESSMENT RATIO <br /> The Department of Public Instruction's Division of School Business' In North Carolina, most residential and commercial property is <br /> Report on Average Daily Membership and Membership Last Day by revalued once every eight years. Prior to 1984 it was difficult to <br /> LEA(ADM&MILD)provides estimates of charter school enrollment compare tax wealth and effort because of this impediment to <br /> in each county.Adding charter school enrollments to the ADM of the estimating the market value of property valuations. In 1984 the <br /> county in which each charter school is located produces a base Department of Revenue completed its first statewide Sales/ <br /> calculation of total ADM for each county.However,charter schools Assessment Ratio Study,comparing the market value of recently <br /> may enroll students from across county lines,with local funding sold property with its assessed value.Using the ratio of assessed <br /> flowing from each student's district of residence to the charter property value to market value,the Department calculated an <br /> school he or she attends(this is different from state ADM funding for adjusted property tax rate for each county.The longer it has been <br /> charter schools).These cross-district enrollments are not captured since a county has undergone reevaluation,the more likely it is <br /> by the ADM&MILD report. that the market value of property in the county exceeds its <br /> assessed valuation. <br /> Therefore,the 2019 Local School Finance Study relies on results of a <br /> survey of districts conducted by the Division of School Business in Rapidly growing communities have numerous demands on public <br /> 2017 to account for all students within each district who attend services,and the demands tend to outstrip land value increases. <br /> charter schools.Survey data are provided at the Office of Charter Therefore,to meet the increase in demands for additional <br /> Schools website for information only and are not used for any services, local officials must either revalue property more often <br /> financial or budget purposes. or raise taxes. In an effort to make this study as accurate as <br /> CAPITAL SPENDING possible,a three-year weighted average is used to calculate the <br /> adjusted property valuation.This approach is intended to result in <br /> Data from the North Carolina Department of State Treasurer's more accurate valuations for small, rural counties where <br /> Report on County Spending on Public School Capital Outlays was relatively few land transactions might have taken place during <br /> used to calculate a six-year average of county appropriations for any given year. <br /> capital outlay, interest on debt for school construction,and the OTHER REVENUE SOURCES <br /> net change in capital reserves.Withdrawals from the Public <br /> School Building Capital Fund,Grants from the Public School The primary source of local revenue is property taxes. In <br /> Building Bond Fund,and the North Carolina Education Lottery addition to property taxes,this study includes a county's share <br /> Funds have been removed from the county total.The debt service of local option sales taxes and fines and forfeitures. Allotments <br /> includes expenditures for school bond repayment and lease from the ADM fund and grants for school construction have <br /> purchase agreements.The capital outlay is actual spending on been removed to isolate capital spending. Finally,11 counties <br /> capital projects or equipment for buildings. have supplemental school taxes,with additional revenue <br /> totaling $68 million in 2016-17. <br /> r <br /> 7 <br /> 16 <br />