New York State Education Department                          
                       Office of Management Services                            
                       Local Assistance / State Aid                             
                              (518) 474-2977                                    
                                                                                
                                                                                
                                                                                
                                                                                
      Treasurer                          District Code:  280503                 
      LOCUST VALLEY CSD                  Municipal Code: 280663400300           
      22 HORSE HOLLOW RD                 Payment Date:   March 31,  2008        
      LOCUST VALLEY,NY 11560-1118        Payment Amount:              $0.00     
                                                                                
                                                                                
                                                                                
                                                                                
                 2007-08 General Aid Spring Advance Certificate                 
                                                                                
                                                                                
March 31, 2008 Sustaining Spring Advance                                 $0.00  
                                                                                
                                                                                
Fed Med Reimbursement (05/01/07-01/31/08)          $9,843.50                    
State Share of Fed Med Reimbursement               $4,921.75                    
                                                                                
Less:                                                                           
     State Share of Federal Medicaid Deducted                            $0.00  
     Overpayments                                                        $0.00  
                                                                                
                                                                                
Net Sustaining Spring Advance Payment *                                  $0.00  
                                                                                
                                                                                
                                                                                
                                                                                
State Share of Fed Medicaid Not Deducted           $4,921.75                    
Overpayments Not Deducted                         $32,989.77                    
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
                                                                                
* 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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