New York State Education Department 12/08/06
Office of Management Services
Local Assistance/State Aid
District Name: SCHENECTADY CITY SD District Code: 530600
2006-07 Combined Fixed & Individualized General Aid Payment Schedule
with Spring Advance
1. 2006-07 S.3609-a General Aid Payable for Oct & Nov $40,364,426.00
2. 2006-07 S.3609-a General Aid Payable for Dec Payment $40,163,612.00
3. 2006-07 S.3609-a General Aid Jan-Jun (frozen 12/01/06) $40,168,644.00
ADVANCES and FALL PAYMENTS:
4. Roosevelt Loan (Chapter 33 Laws 2002) $0.00
5. Lottery Advances $4,320,000.00
6. Lottery Ratio Aid Payment $5,335,963.07
7. NYC & Yonkers SA-1 (Chap 57 Laws 2005) $0.00
8. Rochester Accrual (Chap 94 Laws 2002) $0.00
9. Public Pension Accrual (Chap 57 Laws 2005) $0.00
10. NYS Teacher Retirement Payments $4,496,490.39
11. October Gross Payment Amount $0.00
12. November Gross Payment Amount $0.00
13. December Gross Payment Amount $0.00
14. Balance 2006-07 S.3609-a General Aids due District $26,016,190.54
BASIC DATA FOR INDIVIDUALIZED MONTHLY PAYMENTS:
A. 2005-06 Total General Fund Expense 112,434,876.00
B. 2005-06 Non S.3609-a General Fund Aids 20,612,389.00
C. 2005-06 TRS Obligation 3,333,886.00
D. 2005-06 Building Debt Service 3,900,402.00
E. 2006-07 Building Debt Service 5,547,073.00
F. 2006-07 Lottery + Fixed Payments 9,655,963.07
G. Net TGFE for Indv Payments (A-B-C-D+E-F) 80,479,308.93
WINTER PAYMENTS:
15. January (01/02/07) $0.00
16. February (02/01/07) $0.00
17. March* (03/01/07) $1,872,397.86
SPRING ADVANCE:
18. Total April-June Payments before Spring Advance: $24,143,792.68
19. Sust Spring Adv (Ln 18 x .319730446483) @ 03/31/07** $7,719,505.61
NET SPRING PAYMENTS after Spring Advance:
20. Net April Payment (04/02/07) $328,425.28
21. Net May Payment (05/01/07) $8,047,930.89
22. Net Estimated June Payment (06/01/07)*** $8,047,930.90
*If necessary the March payment may be reduced to ensure that no more than the
State Fiscal Year appropriation for General Support for Public Schools is
expended by 03/31/07. Any reduction would then be added to the June payment.
**This Advance will have 50% of the Federal Share of Medicaid paid between
05/01/06 and 01/31/07 deducted from it. This amount is unknown at this time.
***The June payment will be recalculated based on data on file as of 05/01/07.
It will be based on the lesser of the district's aid including Growth and Full
Day K or the 'SA0607' run. This payment will also be reduced by 50% of
the Federal Share of Medicaid Payments received between 02/01/07 and 04/30/07.
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