DB ED: 0145C             STATE OF NEW YORK                   05/01/23                     
RUN NO: SA232-4                                                                           
                    2023-24 STATE AID PROJECTIONS                                         
                                                                                          
                           FOUNDATION AID                                                 
                                                                                          
                                                                                          
                                   DISTRICT CODE:             042400                      
                                   DISTRICT NAME:              OLEAN                      
                                                                                          
SEE NOTE BELOW                                                                            
2020 ACTUAL VALUATION                                    642,277,304                      
2020 & 2019 AVERAGE AV                                   623,388,547                      
SEL. AV: LESSER 20AV OR AVG AV                           623,388,547                      
2021-22 TWFPU                                                  1,855                      
SEL. ACTUAL VAL./2021-22 TWFPU                               336,058                      
                                                                                          
2020 ADJ. GROSS INCOME                                   336,471,764                      
2020 ADJ. INCOME/2021-22 TWFPU                               181,386                      
INCOME WEALTH INDEX (IWI)                                    0.52900                      
                                                                                          
2020 & 2019 AVERAGE INCOME                               323,883,017                      
SEL INC: LESSER 20 OR AVG INC                            323,883,017                      
FND COMB WEALTH RATIO FOR SSR                                0.43900                      
                                                                                          
TAFPU BASED ON 21-22 SY DATA                                   2,296                      
TAFPU BASED ON 20-21 SY DATA                                   2,321                      
SELECTED TAFPU                                                 2,309                      
                                                                                          
REGIONAL COST INDEX (RCI)                                      1.091                      
PNI = 1 + EN%, MIN 1; MAX 2                                  1.48500                      
ADJUSTED FOUNDATION AMT/PUPIL                              12,671.07                      
  ADJUSTED TAX RATE                                          0.00981                      
EXP MIN LOCAL CONTRIB/PUPIL                                 3,296.72                      
FOUNDATION FORMULA AID/PUPIL                                9,374.35                      
  FND STATE SHARING RATIO                                    0.87200                      
ALT FOUNDATION AID/PUPIL                                   11,049.17                      
  SELECTD FOUNDATION AID/PUPIL                             11,049.17                      
  TOTAL FOUNDATION AID                                    25,512,534                      
  2022-23 FOUNDATION AID BASE                             21,600,695                      
  100% PHASE-IN INCREASE                                   3,911,839                      
  3% MINIMUM INCREASE                                        648,020                      
2023-24 FOUNDATION AID PAYABLE                            25,512,534                      
                                                                                          
2022-23 PUBLIC ENROLLMENT EST.                                 1,854                      
  % K-6 ELIG APPLIC LUNCH                                     0.5853                      
    LUNCH COUNT  @ 0.65                                          705                      
  CENSUS POVERTY                                              0.1611                      
    CENSUS COUNT @ 0.65                                          194                      
  NUMBER OF SQUARE MILES                                      18.924                      
  SPARSITY FACTOR                                              0.000                      
    SPARSITY COUNT                                                 0                      
  ENGLISH LANGUAGE LEARNERS                                        0                      
    ELL COUNT    @ 0.50                                            0                      
EXTRAORDINARY NEEDS COUNT                                        900                      
EN % = EN COUNT/ENROLLMENT                                   0.48500                      
                                                                                          
2021-22 ATTENDANCE RATIO                                      0.8979                      
                                                                                          
NOTE: STATE AID ESTABLISHED BY STATE LEGISLATURE FOR 2 DISTRICTS                          
      WITH INCOMPLETE DATA.                                                               
                                                                                   
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