New York State Education Department                          
                       Office of Management Services                            
                       Local Assistance / State Aid                             
                              (518) 474-2977                                    
                                                                                
                                                                                
                                                                                
                                                                                
      Treasurer                          District Code:  130200                 
      BEACON CITY SD                     Municipal Code: 130505000000           
      10 EDUCATION DR                    Payment Date:   March 31,  2008        
      BEACON,NY 12508-3994               Payment Amount:      $2,642,782.94     
                                                                                
                                                                                
                                                                                
                                                                                
                 2007-08 General Aid Spring Advance Certificate                 
                                                                                
                                                                                
March 31, 2008 Sustaining Spring Advance                         $2,743,042.19  
                                                                                
                                                                                
Fed Med Reimbursement (05/01/07-01/31/08)        $173,110.50                    
State Share of Fed Med Reimbursement              $86,555.25                    
                                                                                
Less:                                                                           
     State Share of Federal Medicaid Deducted                       $86,555.25  
     Overpayments                                                   $13,704.00  
                                                                                
                                                                                
Net Sustaining Spring Advance Payment *                          $2,642,782.94  
                                                                                
                                                                                
                                                                                
                                                                                
State Share of Fed Medicaid Not Deducted               $0.00                    
Overpayments Not Deducted                              $0.00                    
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
* Deposits will take place sometime during the day of the payment date and funds
will be available the following business day.                                   
                                                                                
                                                                                
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