DISTRICT CODE:  200901                                     STATE AID    2008-09     
DISTRICT NAME:  WELLS                                      DATE:  AUG  10, 2011     
                                                           EDITION NO.     2346     
DISTRICT LAST UPDATED ON 08/02/11                                                   
NOTE: DATA DISPLAYED ARE PROJECTED EXPENSES FOR 08-09 AID                           
                                                                                    
BUILDING AID OUTPUT REPORT (BLD4-EST)                                    PAGE 1     
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2009-10 AID                             
 ______________________________________________________                             
                                                                                    
 A.  CAPITAL OUTLAY EXPENSES                                                        
                                                                                    
      1. CAPITAL OUTLAY EXCEPTION EXPENSES                                          
                      (PROJECT < 100001, EMERGENCY, SMALL CITY)        84,606       
                                                                                    
 B.  AIDABLE DEBT SERVICE EXPENSE FOR 2009-10 AID                                   
                                                                                    
      2. 2009-10 ASSUMED DEBT SERVICE: PROSPECTIVE*                         0       
      3. 2009-10 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG                           
         INCENTIVE ELIGIBLE                                                 0       
                                                                                    
    *PURSUANT TO CHAPTER 383 OF THE LAWS OF 2001, ASSUMED DEBT                      
     SERVICE FOR PROJECTS APPROVED ON OR AFTER 12/1/01, OR WITH                     
     OBLIGATIONS FIRST ISSUED ON OR AFTER 12/1/01.                                  
                                                                                    
     BUILDING 4 EXPENSES ARE FOR BUILDING PROJECTS WITH VOTER                       
     APPROVAL ON OR AFTER 7/1/2005.                                                 
                                                                                    
     PLEASE NOTE THAT THE 2009-10 ASSUMED DEBT SERVICE PROSPECTIVE                  
     AMOUNTS INCLUDE PROJECTS APPROVED PRIOR TO JANUARY 1, 2009 FOR                 
     WHICH A NOTIFICATION OF A SIGNED CONTRACT WAS ON FILE WITH THE                 
     DEPARTMENT BY THE NOVEMBER 2008 DATABASE.                                      
                                                                                    
 CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
4. 2008-09 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR THE INITIAL 2009-10 AID PAYMENT IN JULY 2009** 0 5. 2008-09 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR THE INITIAL 2009-10 AID PAYMENT IN JULY 2009, REORG INCENTIVE ELIGIBLE 0 6. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR THE INITIAL 2009-10 AID PAYMENT IN JULY 2009*** 0 7. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR THE INITIAL 2009-10 AID PAYMENT IN JULY 2009, REORG INCENTIVE ELIGIBLE 0 **PURSUANT TO EDUCATION LAW 3602-6E(3)(a) REGARDING THE 2008-09 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2009-10 AID PAYMENT IN JULY 2009 ARE EXPENSES FOR BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/07 AND NOTIFICATION OF A SIGNED CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER THE NOVEMBER 2007 DATABASE BUT BEFORE THE NOVEMBER 2008 DATABASE. ***PURSUANT TO EDUCATION LAW 3602-6E(3)(a) REGARDING THE 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2009-10 AID PAYMENT IN JULY 2009 ARE EXPENSES FOR BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/06 AND NOTIFICATION OF A SIGNED CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER 11/15/07 AND BEFORE 7/1/08. C. LOW WEALTH SCHOOL DISTRICTS 8. 2009-10 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING PROJECTS**** 0 ****BUILDING 4 EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING PROJECTS WITH VOTER APPROVAL BETWEEN 7/1/05 AND 6/30/08. PROJECTS APPROVED BY THE VOTERS BETWEEN JULY 1, 2005 AND JUNE 30, 2008 ARE ELIGIBLE FOR THE LOW WEALTH AID RATIO IF THE DISTRICT'S PUPIL WEALTH RATIO WAS GREATER THAN 2.5 IN 2000-01 AND THE ALTERNATE PUPIL WEALTH RATIO WAS LESS THAN .85 IN 2000-01. D. LEASE EXPENSE NOTE: LEASES APPROVED ON OR AFTER 7/1/98 ARE ONLY ELIGIBLE FOR THE 10% INCENTIVE IF THEY ARE FOR A TERM OF MORE THAN 5 YEARS. 9. 2009-10 LEASE EXPENSE - NOT 10% ELIGIBLE 0 10. 2009-10 LEASE EXPENSE - 10% ELIGIBLE 0 11. 2009-10 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE NOT 10% ELIGIBLE 0 12. 2009-10 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE 10% ELIGIBLE 0 E. ENERGY PERFORMANCE CONTRACTS 13. 2009-10 EXPENSE FOR ENERGY PERFORMANCE CONTRACTS PROJECTS* 0 *BUILDING AID EXPENSES FOR ENERGY PERFORMANCE CONTRACTS THAT ARE NOT VOTER APPROVED ARE NOT ELIGIBLE FOR THE 10% BUILDING AID INCENTIVE.

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