DISTRICT CODE: 661100 STATE AID 2002-03 DISTRICT NAME: NEW ROCHELLE DATE: MAR 13, 2008 EDITION NO. 3917 DISTRICT LAST UPDATED ON 03/11/08 NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT SPECIAL STATE AID FOR SMALL CITY SCH DISTS OUTPUT REPORT (SMC) PAGE 1 PART I: CALCULATION OF SELECTED OPERATING BUDGET ________________________________________________ 1 2001-02 SPEC AID PAYABLE UNDER SUB 31A 3,312,665 2 2001-02 ADJUSTED TGFE (ST3, AT9999.0) 136,940,346 3 STATE SHARE RATIO (ENT 1 / ENT 2) 0.0241 4 MAXIMUM OPERATING BUDGET (1.0874 * ENT 2) 148,908,932 5 2002-03 GRAND TOTAL GENERAL FUND EXPS AND INTERFUND TRANSFERS (ST3,AT9999.0 EST) 148,835,000 6 SEL OPERATING BUDGET ( < ENT 4 OR ENT 5) 148,835,000 PART II: CALCULATION OF PRELIMINARY FORMULA AID ________________________________________________ 7 2001-02 REVS ST SOURCES NOT SPEC AID FOR SM CITY DISTS (ST-3, AT3999 - A3261) 17,246,740 8 2002-03 BUDGETED REVS ST SOURCES NOT AID FOR SM CITY DISTS (ST-3, AT3999 EST - A3261 EST) 18,047,598 9 DEDUCTION FOR STATE AID INCREASES (ENT 8 - ENT 7, MIN 0) 800,858 10 ADJ SEL OPERATING BUDGET (ENT 6 - ENT 9, MIN 0) 148,034,142 11 PRELIMINARY FORMULA AID (ENT 3 * ENT 10,RND) 3,567,623 PART III: CALCULATION OF MILLAGE DEDUCTION __________________________________________ 12 1999 ACTUAL VAL / 1000 4,781,390.106 13 2001-02 TOT PROP TAX LEVY ALL PURPS (ST3,81-14) 104,132,367 14 2001-02 TOT NONPROPERTY TAX REVENUES (ST3,AT1199) 2,724,499 15 TOT PROP & NONPROP TAXES (ENT 13 + ENT 14) 106,856,866 16 01-02 PROPERTY TAX LEVY FOR LIBRARY (ST3,81-08) 0 17 DEBT SERVICE FOR LIBRARY - GEN FUND (CALC #179) 0 18 DEBT SRV FOR LIBRARY - DEBT SRV FUND (CALC #180) 0 19 TOT DEBT SERV - PUB LIB (ENT 17 + ENT 18) 0 20 OTHER EXPENSES FOR PUBLIC LIBRARY (FORM F #150) 0 21 TOTAL AVAILABLE UNRES FUND BAL AS OF 06/30/02 (ST3,AT091) 9,176,700 22 ALLOWABLE 6% FUND BALANCE (ENT 2 * .06) 8,216,420 23 EXCESS FUND BALANCE (ENT 21 - ENT 22,MIN 0) 960,280 24 TOT DEDUCTIBLES FROM TAXES (SUM OF ENTS 16, 19, 20 & 23) 960,280 25 NET TAXES (ENT 15 - ENT 24, MIN 0) 105,896,586 26 TAX RATE PER $1000 FV (ENT 25 / ENT 12) 22.14 27 MILLAGE DEDUCT MULTIPLIER (18.39 / ENT 26) 0.83062 28 FULL VALUE MILLEAGE DEDUCTION (ENT 12 * ENT 27 * $0.40) 1,588,607 PART IV: CALCULATION OF AID PAYABLE FOR 2002-03 _______________________________________________ 29 FORMULA AID UNDER SUB 31A (ENT 11 - ENT 28, MIN 0) 1,979,016 30 SAVE HARMLESS PERCENT 0.84 31 SAVE HARMLESS AMOUNT (ENT 1 * ENT 30,RND) 2,782,639 32 GREATER OF FORMULA OR SAVE HARMLESS ( > ENT 29 OR ENT 31) 2,782,639 33 MAXIMUM AID ( .98 * ENTRY 3 * ENTRY 6) 3,515,186 34 SELECTED 2002-03 SMALL CITIES AID UNDER FORMULA (< ENTRY 32 OR ENTRY 33) 2,782,639 35 ACTUAL 2002-03 AID PAYABLE(ENT#1) (SAME AS 01-02) 3,312,665

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