To find how $1,062 is determined, first go to this link that provides the Shared Cost Per Member: https://dpi.wi.gov/sites/default/files/imce/sfs/xls/longitudinal_eq_1011_2425Oct15.xlsx. In Row 3, under Columns L, M, and N, select Belleville. Cell P30 provides Belleville's "Shared Cost Per Member" for 2024-25, Shared Cost can be defined as the district expenditures for which the district has no other revenues except for local Property Tax and Equalization Aid. This amount is $13,342.
Then, go to this link that provides the Survey of Revenue Limit Components: https://dpi.wi.gov/sites/default/files/imce/sfs/xls/multiyear_rl_1112_to_current.xlsx. In Rows 1 and 2, under Columns K, L, and M, select Belleville. Cell O11 provides Belleville's " Maximum Revenue Per Member" for 2024-25. A district's revenue limit is the maximum amount of revenue that may be raised through state general aid and property tax for the General, Non-Referendum Debt (authorized after August 12, 1993) and Capital Expansion Funds, also referred to as Funds 10, 38 and 41 respectively. This amount is $12,280.
The difference of these two amounts is $13,342 - $12,280 = $1,062.