EXECUTIVE PROPOSAL DB ED: 0070D STATE OF NEW YORK 01/16/24 RUN NO: BT242-5 2024-25 EXECUTIVE BUDGET PROPOSAL FOUNDATION AID DISTRICT CODE: 042400 DISTRICT NAME: OLEAN SEE NOTE BELOW 2021 ACTUAL VALUATION 646,406,539 2021 & 2020 AVERAGE AV 644,341,921 SEL. AV: LESSER 21AV OR AVG AV 644,341,921 2022-23 TWFPU 1,814 SEL. ACTUAL VAL./2022-23 TWFPU 355,205 2021 ADJ. GROSS INCOME 342,214,171 2021 ADJ. INCOME/2022-23 TWFPU 188,651 INCOME WEALTH INDEX (IWI) 0.47100 2021 & 2020 AVERAGE INCOME 339,342,967 SEL INC: LESSER 21 OR AVG INC 339,342,967 FND COMB WEALTH RATIO FOR SSR 0.44200 TAFPU BASED ON 22-23 SY DATA 2,269 TAFPU BASED ON 21-22 SY DATA 2,295 SELECTED TAFPU 2,282 REGIONAL COST INDEX (RCI) 1.091 PNI = 1 + EN%, MIN 1; MAX 2 1.47800 ADJUSTED FOUNDATION AMT/PUPIL 12,914.48 ADJUSTED TAX RATE 0.00975 EXP MIN LOCAL CONTRIB/PUPIL 3,463.24 FOUNDATION FORMULA AID/PUPIL 9,451.24 FND STATE SHARING RATIO 0.86800 ALT FOUNDATION AID/PUPIL 11,209.76 SELECTD FOUNDATION AID/PUPIL 11,209.76 TOTAL FOUNDATION AID 25,580,673 2023-24 FOUNDATION AID BASE 25,535,850 BASE FA - TOTAL FA 0 TRANSITION ADJUSTMENT 0 2024-25 FOUNDATION AID PAYABLE 25,580,673 2023-24 PUBLIC ENROLLMENT EST. 1,839 % K-6 ELIG APPLIC LUNCH 0.5703 LUNCH COUNT @ 0.65 682 CENSUS POVERTY 0.1611 CENSUS COUNT @ 0.65 193 NUMBER OF SQUARE MILES 18.924 SPARSITY FACTOR 0.000 SPARSITY COUNT 0 ENGLISH LANGUAGE LEARNERS 7 ELL COUNT @ 0.50 4 EXTRAORDINARY NEEDS COUNT 880 EN % = EN COUNT/ENROLLMENT 0.47800 2022-23 ATTENDANCE RATIO 0.9018 NOTE: STATE AID ESTABLISHED BY EXECUTIVE BUDGET FOR 16 DISTRICTS WITH INCOMPLETE DATA.NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE