DB ED: 0070D             STATE OF NEW YORK                   01/16/24                     
RUN NO: BT242-5                                                                           
                  2024-25 EXECUTIVE BUDGET PROPOSAL                                       
                                                                                          
                           FOUNDATION AID                                                 
                                                                                          
                                                                                          
                                   DISTRICT CODE:             050401                      
                                   DISTRICT NAME:      CATO MERIDIAN                      
                                                                                          
SEE NOTE BELOW                                                                            
2021 ACTUAL VALUATION                                    399,817,288                      
2021 & 2020 AVERAGE AV                                   386,746,383                      
SEL. AV: LESSER 21AV OR AVG AV                           386,746,383                      
2022-23 TWFPU                                                    806                      
SEL. ACTUAL VAL./2022-23 TWFPU                               479,834                      
                                                                                          
2021 ADJ. GROSS INCOME                                   163,418,502                      
2021 ADJ. INCOME/2022-23 TWFPU                               202,752                      
INCOME WEALTH INDEX (IWI)                                    0.50700                      
                                                                                          
2021 & 2020 AVERAGE INCOME                               157,693,564                      
SEL INC: LESSER 21 OR AVG INC                            157,693,564                      
FND COMB WEALTH RATIO FOR SSR                                0.53500                      
                                                                                          
TAFPU BASED ON 22-23 SY DATA                                     945                      
TAFPU BASED ON 21-22 SY DATA                                     940                      
SELECTED TAFPU                                                   945                      
                                                                                          
REGIONAL COST INDEX (RCI)                                      1.103                      
PNI = 1 + EN%, MIN 1; MAX 2                                  1.73100                      
ADJUSTED FOUNDATION AMT/PUPIL                              15,291.51                      
  ADJUSTED TAX RATE                                          0.00975                      
EXP MIN LOCAL CONTRIB/PUPIL                                 4,678.38                      
FOUNDATION FORMULA AID/PUPIL                               10,613.13                      
  FND STATE SHARING RATIO                                    0.71200                      
ALT FOUNDATION AID/PUPIL                                   10,887.55                      
  SELECTD FOUNDATION AID/PUPIL                             10,887.55                      
  TOTAL FOUNDATION AID                                    10,288,735                      
  2023-24 FOUNDATION AID BASE                             10,677,764                      
  BASE FA - TOTAL FA                                         389,029                      
  TRANSITION ADJUSTMENT                                      276,989                      
2024-25 FOUNDATION AID PAYABLE                            10,565,724                      
                                                                                          
2023-24 PUBLIC ENROLLMENT EST.                                   830                      
  % K-6 ELIG APPLIC LUNCH                                     0.4806                      
    LUNCH COUNT  @ 0.65                                          259                      
  CENSUS POVERTY                                              0.1456                      
    CENSUS COUNT @ 0.65                                           79                      
  NUMBER OF SQUARE MILES                                      96.898                      
  SPARSITY FACTOR                                              0.322                      
  SPARSITY COUNT                                                 267                      
  ENGLISH LANGUAGE LEARNERS                                        2                      
    ELL COUNT    @ 0.50                                            1                      
EXTRAORDINARY NEEDS COUNT                                        607                      
EN % = EN COUNT/ENROLLMENT                                   0.73100                      
                                                                                          
2022-23 ATTENDANCE RATIO                                      0.9176                      
                                                                                          
NOTE: STATE AID ESTABLISHED BY EXECUTIVE BUDGET FOR 16 DISTRICTS                          
      WITH INCOMPLETE DATA.                                                               
                                                                                   
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