Approved by General Forum in 2009.
Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. All 6 municipalities participate.
Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. All 6 municipalities participate.
Approved by General Forum in 2009.
Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. 4 of the 6 municipalities participate. In addition, prior to the calculation of municipal shares, PSU contributes 9% towards the operating budget and 24.9% towards the capital budget.
Approved by General Forum in 2017.
This formula was developed based upon the number of physical check outs by municipality. In 2017 the General Forum approved a switch to a 3 year rolling average however the amended motion required that "over the life of the smoothing formula, municipalities will pay no more or less than they would have paid under direct assessment." That verbiage from the February 2017 General Forum minutes will need to be taken into account should the Finance Committee request a change in the Library Funding formula.
Approved by Municipal Managers in 2016.
The formula for sharing the cost of local planning services was creating based upon direct wages and a proportionate share of operating costs based on the allocation between local and regional planning services and by municipality under local planning services.
Approved by the CCMPO Coordinating Committee in 2013.
Components of this formula include the assessed value of real estate, road miles for PENNDOT and locally owned federal aid eligible roadways, and population net of on campus students and inmates in correctional facilities. Each component of this formula carries a 1/3 weighting. All 6 municipalities and Centre County participate in the funding, Centre County also contributes staff time/services.
Approved by General Forum in 2009.
Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. 5 of the 6 municipalities participate.
Fixed per Loan Document - Follows 2011 Parks Formula.
Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. 5 of the 6 municipalities participate. This amount was fixed at the 2011 rate for the first 10 years of the loan and will reset in 2022 for the last 10 years of the loan according to the approved loan documents.
Fixed per Loan Document - Follows 2018 Parks Formula.
Components of this formula include the assessed value of real estate, earned income wages, and population net of students. Each component of this formula carries a 1/3 weighting. 5 of the 6 municipalities participate. This amount was fixed at the 2008 rate for the first 10 years of the loan and reset in 2019 for the last 10 years of the loan according to the approved loan documents.
Percent of Centre Region participating residents served - Approved in connection with 2018 Budget.
The formula is based on the percent of unique residents served within the Centre Region at the Center. In addition, all unique visitors to the Center are tracked and monitored to ensure the contribution from Centre County is reasonable based upon the participation from outside the Centre Region.
Fixed per Loan Document - Follows 2017 AAC Formula.
The formula is based on the percent of unique residents served within the Centre Region at the Center. In addition, all unique visitors to the Center are tracked and monitored to ensure the contribution from Centre County is reasonable based upon the participation from outside the Centre Region. This formula was fixed in the first year of the repayment schedule over the ten year life of the loan.
Enterprise fund that is self‑supported through revenue generated from fees, charges, etc. to pay for operations and capital expenses.
Enterprise fund that is self‑supported through revenue generated from fees, charges, etc. to pay for operations and capital expenses.
