DISTRICT CODE: 630918 STATE AID 2005-06 DISTRICT NAME: GLENS FALLS CO DATE: OCT 24, 2009 EDITION NO. 3663 DISTRICT LAST UPDATED ON 10/23/09 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 2004-05 SPEC AID PAYABLE UNDER SUB 31A 0 2 2004-05 ADJUSTED TGFE (ST3, AT9999.0) 3,059,248 3 STATE SHARE RATIO (ENT 1 / ENT 2) 0.0000 4 MAXIMUM OPERATING BUDGET (1.0874 * ENT 2) 3,326,626 5 2005-06 GRAND TOTAL GENERAL FUND EXPS AND INTERFUND TRANSFERS (ST3,AT9999.0 EST) 3,301,507 6 SEL OPERATING BUDGET ( < ENT 4 OR ENT 5) 3,301,507 PART II: CALCULATION OF PRELIMINARY FORMULA AID ________________________________________________ 7 2004-05 REVS ST SOURCES NOT SPEC AID FOR SM CITY DISTS (ST-3, AT3999 - A3261) 829,836 8 2005-06 BUDGETED REVS ST SOURCES NOT AID FOR SM CITY DISTS (ST-3, AT3999 EST - A3261 EST) 853,494 9 DEDUCTION FOR STATE AID INCREASES (ENT 8 - ENT 7, MIN 0) 23,658 10 ADJ SEL OPERATING BUDGET (ENT 6 - ENT 9, MIN 0) 3,277,849 11 PRELIMINARY FORMULA AID (ENT 3 * ENT 10,RND) 0 PART III: CALCULATION OF MILLAGE DEDUCTION __________________________________________ 12 2002 ACTUAL VAL / 1000 135,614.322 13 2004-05 TOT PROP TAX LEVY ALL PURPS (ST3,81-14) 1,894,916 14 2004-05 TOT NONPROPERTY TAX REVENUES (ST3,AT1199) 0 15 TOT PROP & NONPROP TAXES (ENT 13 + ENT 14) 1,894,916 16 04-05 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 06/30/05 (ST3,AT091) 433,700 22 ALLOWABLE 6% FUND BALANCE (ENT 2 * .06) 183,554 23 EXCESS FUND BALANCE (ENT 21 - ENT 22,MIN 0) 250,146 24 TOT DEDUCTIBLES FROM TAXES (SUM OF ENTS 16, 19, 20 & 23) 250,146 25 NET TAXES (ENT 15 - ENT 24, MIN 0) 1,644,770 26 TAX RATE PER $1000 FV (ENT 25 / ENT 12) 12.12 27 MILLAGE DEDUCT MULTIPLIER (18.28 / ENT 26) 1.50825 28 FULL VALUE MILLEAGE DEDUCTION (ENT 12 * ENT 27 * $0.40) 81,816 PART IV: CALCULATION OF AID PAYABLE FOR 2005-06 _______________________________________________ 29 FORMULA AID UNDER SUB 31A (ENT 11 - ENT 28, MIN 0) 0 30 SAVE HARMLESS PERCENT 0.94 31 SAVE HARMLESS AMOUNT (ENT 1 * ENT 30,RND) 0 32 GREATER OF FORMULA OR SAVE HARMLESS ( > ENT 29 OR ENT 31) 0 33 MAXIMUM AID ( .98 * ENTRY 3 * ENTRY 6) 0 34 SELECTED 2005-06 SMALL CITIES AID UNDER FORMULA (< ENTRY 32 OR ENTRY 33) 0 35 ACTUAL 2005-06 AID PAYABLE(ENT#1) (SAME AS 04-05) 0

NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE