New York State Education Department                          
                       Office of Management Services                            
                       Local Assistance / State Aid                             
                              (518) 474-2977                                    
                                                                                
                                                                                
                                                                                
                                                                                
      Treasurer                          District Code:  090201                 
      AUSABLE VALLEY CSD                 Municipal Code: 090704100100           
      1273 RT 9 N                        Payment Date:   March 31,  2008        
      CLINTONVILLE,NY 12924-4244         Payment Amount:      $1,529,839.04     
                                                                                
                                                                                
                                                                                
                                                                                
                 2007-08 General Aid Spring Advance Certificate                 
                                                                                
                                                                                
March 31, 2008 Sustaining Spring Advance                         $1,567,134.04  
                                                                                
                                                                                
Fed Med Reimbursement (05/01/07-01/31/08)         $74,590.00                    
State Share of Fed Med Reimbursement              $37,295.00                    
                                                                                
Less:                                                                           
     State Share of Federal Medicaid Deducted                       $37,295.00  
     Overpayments                                                        $0.00  
                                                                                
                                                                                
Net Sustaining Spring Advance Payment *                          $1,529,839.04  
                                                                                
                                                                                
                                                                                
                                                                                
State Share of Fed Medicaid Not Deducted               $0.00                    
Overpayments Not Deducted                              $0.00                    
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
* Checks will be mailed under separate cover from the Division of the Treasury. 
                                                                                
                                                                                
                                                                                
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