DB ED: 0070D             STATE OF NEW YORK                   01/16/24                     
RUN NO: BT242-5                                                                           
                  2024-25 EXECUTIVE BUDGET PROPOSAL                                       
                                                                                          
                           FOUNDATION AID                                                 
                                                                                          
                                                                                          
                                   DISTRICT CODE:             200901                      
                                   DISTRICT NAME:              WELLS                      
                                                                                          
SEE NOTE BELOW                                                                            
2021 ACTUAL VALUATION                                    425,212,073                      
2021 & 2020 AVERAGE AV                                   424,244,666                      
SEL. AV: LESSER 21AV OR AVG AV                           424,244,666                      
2022-23 TWFPU                                                    126                      
SEL. ACTUAL VAL./2022-23 TWFPU                             3,367,021                      
                                                                                          
2021 ADJ. GROSS INCOME                                    21,256,734                      
2021 ADJ. INCOME/2022-23 TWFPU                               168,704                      
INCOME WEALTH INDEX (IWI)                                    0.42100                      
                                                                                          
2021 & 2020 AVERAGE INCOME                                22,936,553                      
SEL INC: LESSER 21 OR AVG INC                             21,256,734                      
FND COMB WEALTH RATIO FOR SSR                                2.03300                      
                                                                                          
TAFPU BASED ON 22-23 SY DATA                                     135                      
TAFPU BASED ON 21-22 SY DATA                                     143                      
SELECTED TAFPU                                                   139                      
                                                                                          
REGIONAL COST INDEX (RCI)                                      1.000                      
PNI = 1 + EN%, MIN 1; MAX 2                                  1.81500                      
ADJUSTED FOUNDATION AMT/PUPIL                              14,536.33                      
  ADJUSTED TAX RATE                                          0.00975                      
EXP MIN LOCAL CONTRIB/PUPIL                                32,828.45                      
FOUNDATION FORMULA AID/PUPIL                                    0.00                      
  FND STATE SHARING RATIO                                    0.15900                      
ALT FOUNDATION AID/PUPIL                                    2,311.27                      
  SELECTD FOUNDATION AID/PUPIL                              2,311.27                      
  TOTAL FOUNDATION AID                                       321,267                      
  2023-24 FOUNDATION AID BASE                                933,908                      
  BASE FA - TOTAL FA                                         612,641                      
  TRANSITION ADJUSTMENT                                      306,321                      
2024-25 FOUNDATION AID PAYABLE                               627,588                      
                                                                                          
2023-24 PUBLIC ENROLLMENT EST.                                   119                      
  % K-6 ELIG APPLIC LUNCH                                     0.3743                      
    LUNCH COUNT  @ 0.65                                           29                      
  CENSUS POVERTY                                              0.1283                      
    CENSUS COUNT @ 0.65                                           10                      
  NUMBER OF SQUARE MILES                                     271.951                      
  SPARSITY FACTOR                                              0.482                      
  SPARSITY COUNT                                                  57                      
  ENGLISH LANGUAGE LEARNERS                                        0                      
    ELL COUNT    @ 0.50                                            0                      
EXTRAORDINARY NEEDS COUNT                                         97                      
EN % = EN COUNT/ENROLLMENT                                   0.81500                      
                                                                                          
2022-23 ATTENDANCE RATIO                                      0.9127                      
                                                                                          
NOTE: STATE AID ESTABLISHED BY EXECUTIVE BUDGET FOR 16 DISTRICTS                          
      WITH INCOMPLETE DATA.                                                               
                                                                                   
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