DISTRICT CODE: 530600 STATE AID 2004-05 DISTRICT NAME: SCHENECTADY DATE: OCT 24, 2009 EDITION NO. 3398 DISTRICT LAST UPDATED ON 10/22/09 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 2003-04 SPEC AID PAYABLE UNDER SUB 31A 2,956,906 2 2003-04 ADJUSTED TGFE (ST3, AT9999.0) 96,714,291 3 STATE SHARE RATIO (ENT 1 / ENT 2) 0.0305 4 MAXIMUM OPERATING BUDGET (1.0874 * ENT 2) 105,167,120 5 2004-05 GRAND TOTAL GENERAL FUND EXPS AND INTERFUND TRANSFERS (ST3,AT9999.0 EST) 102,261,917 6 SEL OPERATING BUDGET ( < ENT 4 OR ENT 5) 102,261,917 PART II: CALCULATION OF PRELIMINARY FORMULA AID ________________________________________________ 7 2003-04 REVS ST SOURCES NOT SPEC AID FOR SM CITY DISTS (ST-3, AT3999 - A3261) 48,466,445 8 2004-05 BUDGETED REVS ST SOURCES NOT AID FOR SM CITY DISTS (ST-3, AT3999 EST - A3261 EST) 45,753,069 9 DEDUCTION FOR STATE AID INCREASES (ENT 8 - ENT 7, MIN 0) 0 10 ADJ SEL OPERATING BUDGET (ENT 6 - ENT 9, MIN 0) 102,261,917 11 PRELIMINARY FORMULA AID (ENT 3 * ENT 10,RND) 3,118,989 PART III: CALCULATION OF MILLAGE DEDUCTION __________________________________________ 12 2001 ACTUAL VAL / 1000 1,425,232.841 13 2003-04 TOT PROP TAX LEVY ALL PURPS (ST3,81-14) 44,511,635 14 2003-04 TOT NONPROPERTY TAX REVENUES (ST3,AT1199) 2,673,921 15 TOT PROP & NONPROP TAXES (ENT 13 + ENT 14) 47,185,556 16 03-04 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 06/30/04 (ST3,AT091) 5,131,979 22 ALLOWABLE 6% FUND BALANCE (ENT 2 * .06) 5,802,857 23 EXCESS FUND BALANCE (ENT 21 - ENT 22,MIN 0) 0 24 TOT DEDUCTIBLES FROM TAXES (SUM OF ENTS 16, 19, 20 & 23) 0 25 NET TAXES (ENT 15 - ENT 24, MIN 0) 47,185,556 26 TAX RATE PER $1000 FV (ENT 25 / ENT 12) 33.10 27 MILLAGE DEDUCT MULTIPLIER (19.15 / ENT 26) 0.55558 28 FULL VALUE MILLEAGE DEDUCTION (ENT 12 * ENT 27 * $0.40) 316,732 PART IV: CALCULATION OF AID PAYABLE FOR 2004-05 _______________________________________________ 29 FORMULA AID UNDER SUB 31A (ENT 11 - ENT 28, MIN 0) 2,802,257 30 SAVE HARMLESS PERCENT 0.88 31 SAVE HARMLESS AMOUNT (ENT 1 * ENT 30,RND) 2,602,078 32 GREATER OF FORMULA OR SAVE HARMLESS ( > ENT 29 OR ENT 31) 2,802,257 33 MAXIMUM AID ( .98 * ENTRY 3 * ENTRY 6) 3,056,609 34 SELECTED 2004-05 SMALL CITIES AID UNDER FORMULA (< ENTRY 32 OR ENTRY 33) 2,802,257 35 ACTUAL 2004-05 AID PAYABLE(ENT#1) (SAME AS 02-03) 2,956,906

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