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:             580917                      
                                   DISTRICT NAME:        EAST QUOGUE                      
                                                                                          
SEE NOTE BELOW                                                                            
2021 ACTUAL VALUATION                                  2,183,887,126                      
2021 & 2020 AVERAGE AV                                 2,179,698,739                      
SEL. AV: LESSER 21AV OR AVG AV                         2,179,698,739                      
2022-23 TWFPU                                                    803                      
SEL. ACTUAL VAL./2022-23 TWFPU                             2,714,444                      
                                                                                          
2021 ADJ. GROSS INCOME                                   354,022,078                      
2021 ADJ. INCOME/2022-23 TWFPU                               440,874                      
INCOME WEALTH INDEX (IWI)                                    1.10200                      
                                                                                          
2021 & 2020 AVERAGE INCOME                               335,976,958                      
SEL INC: LESSER 21 OR AVG INC                            335,976,958                      
FND COMB WEALTH RATIO FOR SSR                                2.02200                      
                                                                                          
TAFPU BASED ON 22-23 SY DATA                                     408                      
TAFPU BASED ON 21-22 SY DATA                                     404                      
SELECTED TAFPU                                                   408                      
                                                                                          
REGIONAL COST INDEX (RCI)                                      1.425                      
PNI = 1 + EN%, MIN 1; MAX 2                                  1.33200                      
ADJUSTED FOUNDATION AMT/PUPIL                              15,201.87                      
  ADJUSTED TAX RATE                                          0.01653                      
EXP MIN LOCAL CONTRIB/PUPIL                                44,869.75                      
FOUNDATION FORMULA AID/PUPIL                                    0.00                      
  FND STATE SHARING RATIO                                    0.16100                      
ALT FOUNDATION AID/PUPIL                                    2,447.50                      
  SELECTD FOUNDATION AID/PUPIL                              2,447.50                      
  TOTAL FOUNDATION AID                                       998,580                      
  2023-24 FOUNDATION AID BASE                              1,031,626                      
  BASE FA - TOTAL FA                                          33,046                      
  TRANSITION ADJUSTMENT                                       16,523                      
2024-25 FOUNDATION AID PAYABLE                             1,015,103                      
                                                                                          
2023-24 PUBLIC ENROLLMENT EST.                                   361                      
  % K-6 ELIG APPLIC LUNCH                                     0.2987                      
    LUNCH COUNT  @ 0.65                                           70                      
  CENSUS POVERTY                                              0.0609                      
    CENSUS COUNT @ 0.65                                           14                      
  NUMBER OF SQUARE MILES                                      10.689                      
  SPARSITY FACTOR                                              0.000                      
  SPARSITY COUNT                                                   0                      
  ENGLISH LANGUAGE LEARNERS                                       70                      
    ELL COUNT    @ 0.50                                           35                      
EXTRAORDINARY NEEDS COUNT                                        120                      
EN % = EN COUNT/ENROLLMENT                                   0.33200                      
                                                                                          
2022-23 ATTENDANCE RATIO                                      0.9370                      
                                                                                          
NOTE: STATE AID ESTABLISHED BY EXECUTIVE BUDGET FOR 16 DISTRICTS                          
      WITH INCOMPLETE DATA.                                                               
                                                                                   

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