Page 10 of F/S. Page 12 of F/S. Rensselaer City School District, NY. Enrollment Trends

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1 Rensselaer City School District, NY 1 City School District of the City of Rensselaer, New York, Refunding Certificates of Participation Evidencing Direct and Proportionate Undivided Interests in Lease Payments to be Made by the City School District of the City of Rensselaer,, $60,245,000, Dated: December 21, 2016 Selected Wealth and Income Indicators Per Capita Income Medium Family Income City of: Rensselaer $34,212 $27,374 $47,114 $47,556 County of: Rensselaer $30,803 $31,529 $60,709 $61,754 State of: New York $53,571 $34,212 $65,925 $60,741 Larger Employers Page 10 of F/S Name Type Employees State of NY: Division for Youth & Senate Municipality 375 Amtrak Train 300 Albany Molecular/Organichem Drug Research 232 Rensselaer City SD Municipality; school district 215 City of Rensselaer Municipality 165 Unemployment Rate Statistics Annual Average 2017 Rensselaer County 4.25% New York State 4.64% 2017 Monthly Figures Jan Feb Mar Apr May Jun Jul Aug Sep Oct Rensselaer County 4.70% 4.80% 4.20% 4.10% 3.90% 4.20% 4.30% 4.20% 4.10% 4.00% New York State 4.90% 5.00% 4.40% 4.20% 4.30% 4.50% 4.90% 4.90% 4.70% 4.60% District Facilities Name Grades Capacity Year(s) Built Rensselaer City School District PreK 12 approx. 1, Enrollment Trends Page 12 of F/S Actual Projected School Year Enrollment School Year Enrollment (as of ) 1191

2 Employees Page 46 of F/S The School District employs a total of approximately (278 of 375 total) persons with representation by various unions as follows: Contract Employees Union Representation Expiration Date 3 Administrators Union 30 Jun CSEA 30 Jun Rensselaer Teachers Assoc 30 Jun 18 9 Unrepresented M/C NA Actual contributions to employee pension benefits Page 36 & 37 of F/S Year Ending ERS TRS (Budgeted) Actual contributions to employee pension benefits Year Ending ERS TRS Annual OPEB Cost and Net OPEB Obligation: Annual required contribution (ARC) Interest on net OPEB obligation Adjustment to ARC Page 42 & 43 of F/S Annual OPEB cost (expense) Contributions made Increase in net OPEB obligation Net OPEB obligation beginning of year Net OPEB obligation end of year Percentage of annual OPEB cost contributed Funding Status: Actuarial Accrued Liability (AAL) Actuarial Value of Assets Unfunded Actuarial Accrued Liability (UAAL) Funded Ratio (Assets as a Percentage of AAL) Percentage of Fiscal Annual Annual OPEB Net OPEB Year Ended OPEB Cost Cost Contributed Obligation

3 Audited Results of Operations for Fiscal Year Ending June 30, 2017Page 21 of F/S The School District finished the fiscal year ending June 30, 2017 with an unassigned general fund balance of $. Information for the General Fund for the period ending June 30, 2017 is as follows: Revenues Expenditures: Excess (Deficit) Revenues Over Expenditures: Net Other Source & Uses: Total General Fund Balance: Taxable Valuations Years Ending June 30: 2017 Total Taxable Assessed Valuation $123,360, Full Valuation Computed Using Regular State Equalization Rates $439,005, Full Valuation Computed Using Special State Equalization Rates $445,988, Tax Rate Per $1,000 (Assessed) Years Ending June 30: Tax Collection Record Years Ending June 30: 2017 Total Tax Levy $7,593, Amount Returned to the Counties 0 % Uncollected when Due 2% Real Property Taxes Total Real Property Percentage of Total Revenues Fiscal Year Taxes & Tax Items Total Revenues Consisting of Real Property Tax $7,593, $22,991, % (Budgeted) $6,757, $23,558, % Larger Taxpayers Tax Roll Name Type Full Valuation ($) Mansions Apartments Apartments $10,231,000 AMRI Rensselaer INC Manufacture $6,848,600 CVOP LLC Office Bldg $5,678,400 National Grid Utilities $4,720,926 Cenex Fuel Storage $3,813,000 Rensselaer Cogen Cogeneration $2,002,000 Capital View Assocaites Apartments $1,971,200 NY Central Lines Railroad $1,175,946 BASF Education, Abondoned Com $746,900 Gortech Fuel Storage $660,000

4 The below table lists the basic and enhanced exemption amounts for the municipalities applicable to the School District: City of: Enhanced Exemption Basic Exemption Date Certified Rensselaer $18,670 $8,550 4/7/2017 Debt Outstanding End of Fiscal Year Page 44 of F/S Fiscal Years Ending June 30th: 2017 Bonds Bond Anticipation Notes Series 20XX Certificates Total Debt Outstanding Details of Outstanding Indebtedness Page 44 of F/S Type of Indebtedness Maturity Amount Bonds Bond Anticipation Notes Certificates of Participation Total Debt Outstanding Debt Statement Summary Summary of Indebtedness, Debt Limit and Net Debt Contracting Margin: Computed Using Regular Computed Using Special State Equalization Rates State Equalization Ratios Five Year Average Full Valuation of Taxable Real Property $439,005, $445,988, Debt Limit 5% thereof $21,950, $22,299, Inclusions: Bonds Certificates of Participation $60,245, $60,245, Bond Anticipation Notes Total Inclusions $60,245, $60,245, Exclusions: Certificates of Participation $60,245, $60,245, Appropriations Total Exclusions $60,245, $60,245, Total Net Indebtedness $0.00 $0.00 Net Debt Contracting Margin The percent of debt contracting power exhausted is 0.00% 0.00% Estimated Overlapping Indebtedness Municipality Gross Indebtedness Net Indebtedness District Share Applicable Indebtedness County of Rensselaer $302,973, $131,630, % $7,766, City of Rensselaer $12,225, $5,570, % $5,570, Total $13,336, Debt Ratios Amount Per Capita Percentage of Full Value Net Indebtedness Net Indebtedness Plus Net Overlapping Indebtedness $13,336, $1, %

5 Litigation Page 45 of F/S Insert required information. GENERAL FUND Balance Sheets Page 19 of F/S Fiscal Years Ending June 30: 2017 ASSETS Unrestricted Cash Restricted Cash Due from Other Funds Due from Fiduciary Funds State and Federal Aid Receivable Due from Other Governments Other Prepaid Expenditures TOTAL ASSETS LIABILITIES AND FUND EQUITY Accounts Payable Accrued Liabilities Due to Other Governments Due to Other Funds Due to Fiduciary Funds Due to Teachers' Retirement System Due to Employees' Retirement System Deferred Revenue TOTAL LIABILITIES FUND EQUITY Nonspendable Restricted Committed Assigned Unassigned TOTAL FUND EQUITY TOTAL LIABILITIES & FUND EQUITY GENERAL FUND Revenues, Expenditures and Changes in Fund Balance Page 21 of F/S Fiscal Years Ending June 30: 2017 REVENUES Real Property Taxes Real Property Tax Items Non Property Tax Items Charges for Services Use of Money & Property Sale of Property and Compensation for Loss Miscellaneous Proceeds of Long Term Debt Revenues from State Sources Revenues from Federal Sources Total Revenues Other Sources: Interfund Transfers Appropriated Reserves Total Revenues and Other Sources EXPENDITURES General Support Instruction Pupil Transportation Community Services Employee Benefits Debt Service Total Expenditures Other Uses: Interfund Transfers Total Expenditures and Other Uses Excess (Deficit) Revenues Over Expenditures FUND BALANCE Fund Balance Beginning of Year Prior Period Adjustments (net) Fund Balance End of Year

6 GENERAL FUND Revenues, Expenditures and Changes in Fund Balance Budget and Actual Page 47 of F/S Fiscal Years Ending June 30: Adopted Budget Modified Budget Actual Adopted Budget REVENUES Real Property Taxes Real Property Tax Items Nonproperty Tax Items Charges for Services Use of Money & Property Sale of Property and Compensation for Loss Miscellaneous Proceeds of Long Term Debt Revenues from State Sources Revenues from Federal Sources Medicaid Total Revenues Other Sources: Transfers from other Funds Appropriated Reserves Total Revenues and Other Sources EXPENDITURES General Support Instruction Pupil Transportation Community Services Employee Benefits Debt Service Total Expenditures Other Uses: Interfund Transfers Total Expenditures and Other Uses Excess (Deficit) Revenues Over Expenditures FUND BALANCE Fund Balance Beginning of Year Prior Period Adjustments (net) Fund Balance End of Year COMPUTATION OF TAXABLE FULL VALUATION Using Regular Equalization Rates Fiscal Year Ending June 30: 2017 Assessed Valuation City of: Rensselaer $123,360, Total Assessed Valuation $123,360, Regular State Equalization Ratios City of: Rensselaer 28.10% Taxable Full Valuation City of: Rensselaer $439,005, Total Full Valuation $439,005, Using Special Equalization Ratios Fiscal Year Ending June 30: 2017 Assessed Valuation City of: Rensselaer $123,360, Total Assessed Valuation $123,360, Regular State Equalization Ratios City of: Rensselaer 27.66% Taxable Full Valuation City of: Rensselaer $445,988, Total Full Valuation $445,988,702.10

Hillsborough County Schools, FL

Hillsborough County Schools, FL Refunding Certificates of Participation (School Board of Hillsborough County, Florida Master Lease Program), Evidencing an Undivided Proportionate Interest of Owners thereof