Due to changes in the state aid act and the new property tax classifications and calculations substantial changes to the program are necessary. All previous versions of Dynamic Budget Projections software will not calculate state aid or tax revenue correctly. It is very important that you purchase the update this year and destroy all previous versions of Dynamic Budget Projections if you plan to continue to use the software. The changes to the state aid formula and property tax base are complex and could result in major errors in your budgets if you use an old version. As a result, MSBO will no longer support or guarantee the accuracy of any old versions of the software.
This 2009 update includes:
- The state formulas have been updated for the 2008-09 State Aid Act, including the new formula calculations and new property tax calculation
- labels and foundation factors have been updated
- taxes sheet changes to incorporate commercial PP TAV and commercial PP millage rates
- taxable value descriptions changed to conform to state changes
- the State Aid Status Report format changed to incorporate changes made by the MDE
Last year’s 2008 update also included:
- prior fiscal year foundation field added – needed to calculate current year foundation allowance
- retirement factors updated by fiscal year
- retirement and FICA adjustment section added – adjustment needed when salaries are contracted services
- automatic axis equalization button added to the snapshot graph
- print menu updated with print foundation calculations worksheet
- … and more
The new 2008-09 version is almost ready and will be announced shortly on our website. Order forms will also be available to download from the website. We believe that using the software will be even more important to you in accurately projecting your budget than before because of the complexity of state aid and property tax calculations.
The training schedule will be announced when the new version is released.