New York State Education Department                          
                       Office of Management Services                            
                       Local Assistance / State Aid                             
                              (518) 474-2977                                    
                                                                                
                                                                                
                                                                                
                                                                                
      Treasurer                          District Code:  640101                 
      ARGYLE CSD                         Municipal Code: 530703000100           
      5023 STATE RT 40                   Payment Date:   March 31,  2008        
      ARGYLE,NY 12809-0067               Payment Amount:        $628,056.72     
                                                                                
                                                                                
                                                                                
                                                                                
                 2007-08 General Aid Spring Advance Certificate                 
                                                                                
                                                                                
March 31, 2008 Sustaining Spring Advance                           $645,491.47  
                                                                                
                                                                                
Fed Med Reimbursement (05/01/07-01/31/08)         $34,869.50                    
State Share of Fed Med Reimbursement              $17,434.75                    
                                                                                
Less:                                                                           
     State Share of Federal Medicaid Deducted                       $17,434.75  
     Overpayments                                                        $0.00  
                                                                                
                                                                                
Net Sustaining Spring Advance Payment *                            $628,056.72  
                                                                                
                                                                                
                                                                                
                                                                                
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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