Narragansett Regional School District

(a) For the purpose of apportioning assessments levied by the regional school district against the member towns, costs shall be divided into two categories: (1) capital costs and (2) operating costs.
(b) Capital costs shall include all expenditures relating to capital outlay, such as payment of the principal of and interest on bonds or other obligations issued by the regional school district to finance capital costs, and any other expenses associated with the acquisition of real estate, construction and improvement of buildings, grading, purchase of equipment and other activities incidental to placing in operation the original school plant and any subsequent additions and improvements thereto. Capital costs shall also include any payments of principal or interest on any outstanding or future bonds or other evidence of indebtedness issues by either Templeton or Phillipston to finance capital expenses in connection with the schools specified in subsection III (b) hereof.
(c) Operating costs shall include all other costs, such as salaries, wages, supplies, texts, repair and maintenance expenditures, interest on notes issued in anticipation of revenue and other costs incurred in the day-to-day operation of the regional district schools.
(d) Apportionment of Capital Costs
All Capital Costs in connection with any particular district school shall be apportioned among the member towns on the basis of each member town's pupil enrollment in such school. Each member town's share shall be determined by computing the ratio which its pupils enrollment in such school on the October 1 next preceding the first day of the fiscal year for which the apportionment is made bears to the total pupil enrollment from all the member towns in such school on that date. If there is no enrollment in such school on a regional basis on the aforesaid October 1, the apportionment of capital costs with respect thereto shall be made on the basis of the estimated pupil enrollments from each member town in such school on the aforesaid date had there been any enrollment, such estimate to be made by the Committee.
(e) Except as provided below and except when rulings or regulations of the Massachusetts Department of Education (or its successors) or applicable state or local or district enactments require otherwise, Operating Costs for each fiscal year shall be apportioned among the member towns on the basis of their respective pupils enrollments in the regional district schools, including the schools referred to in subsection III b. Each member town's share for each fiscal year shall be determined by computing the ration which the town's pupil enrollment in the regional district schools on the October 1 next preceding the first day of the fiscal year for which the apportionment is made bears to the total pupil enrollment from all the member towns in regional district schools has not been accomplished by October 1 of any year, operating costs shall be apportioned on the basis of enrollment in all grades from Kindergarten through grade twelve of pupils residing in each member town and receiving education at such town's expense on October 1 of that year.

Section V. REGIONAL SCHOOL DISTRICT BUDGET AND PAYMENT BY THE TOWNS

(a) The Committee shall prepare an annual operating and maintenance budget using accounts itemized in conformance with the chart of accounts utilized and required by the Massachusetts Department of Education or its successor.
The regional school district's budgetary process and the timing of and method of appropriation of funds in regard thereto shall be governed by the provisions of G.L. c. 71 sec. 16(m)* and c. 71 sec. 16B and other applicable provisions of G.L. c. 71 and any special laws relating thereto.
(b) The dates on or before which each member town shall pay its proportionate share of the capital and operating costs to the regional school district each year shall be as follows: