New York State Education Department                          
                       Office of Management Services                            
                       Local Assistance / State Aid                             
                              (518) 474-2977                                    
                                                                                
                                                                                
                                                                                
                                                                                
      Treasurer                          District Code:  580801                 
      SMITHTOWN CSD                      Municipal Code: 470678000100           
      26 NEW YORK AVE                    Payment Date:   March 31,  2008        
      SMITHTOWN,NY 11787-3435            Payment Amount:      $4,819,339.90     
                                                                                
                                                                                
                                                                                
                                                                                
                 2007-08 General Aid Spring Advance Certificate                 
                                                                                
                                                                                
March 31, 2008 Sustaining Spring Advance                         $4,854,623.40  
                                                                                
                                                                                
Fed Med Reimbursement (05/01/07-01/31/08)         $12,497.00                    
State Share of Fed Med Reimbursement               $6,248.50                    
                                                                                
Less:                                                                           
     State Share of Federal Medicaid Deducted                        $6,248.50  
     Overpayments                                                   $29,035.00  
                                                                                
                                                                                
Net Sustaining Spring Advance Payment *                          $4,819,339.90  
                                                                                
                                                                                
                                                                                
                                                                                
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.                                   
                                                                                
                                                                                
NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE