Operating and Program Cost $1,340,371,272 $626,179,994

Minimum State Subsidy 2,259,458 2,259,458

______________ ____________

ADJUSTED FOUNDATION ALLOCATION

TOTAL $1,342,630,730 $628,439,452

Sec. N-10. Debt service allocation. The debt service allocation of state and local funds for fiscal year 2004-05 for the purposes listed in this section is as follows:

2004-05

TOTAL

Debt Service Costs

Principal and Interest $76,128,386

Approved Leases & Lease-purchases of Space 6,105,576

Insured Value Factor 3,055,623

__________

Debt Service Cost Total 85,289,585

Less percentage reduction of insured

value factor pursuant to the Maine

Revised Statutes, Title 20-A,

section 15603, subsection 26-A, paragraph F (91,363)

____________

Adjusted Debt Service Cost Total $85,198,222

Sec. N-11. Debt service subsidy indexes. This section establishes mill rates pursuant to the Maine Revised Statutes, Title 20-A, chapter 606 as follows: operating cost millage, 9.11 mills; debt service millage limit, 0.39 mills.

Sec. N-12. Debt service reduction percentages. This section establishes reduction percentages as follows: insured value factor reduction percentage, 2.99%.

Sec. N-13. Debt service appropriation. The debt service appropriation provided for general purpose aid for local schools for the fiscal year beginning July 1, 2004 and ending June 30, 2005 is calculated as follows:

2004-05 2004-05

TOTAL STATE

ADJUSTED DEBT SERVICE ALLOCATION TOTAL $85,198,222 $60,796,803