STATE AID BUILDING - PRELIMINARY CAPITAL OUTLAY AMORTIZATION

DISTRICT: 280226 ISLAND TREES DATE: 11/23/09

****************************************************************************************** 1. THIS REPORT IS BASED ON A PRELIMINARY AMORTIZATION SCHEDULE AND WILL BE USED FOR 2004-05 AID PROJECTIONS ONLY. THE SCHEDULE WILL BE RECALCULATED IN FALL 2004 FOR PAYMENT PURPOSES, BASED ON UPDATED CAPITAL BALANCE INFORMATION. 2. AID RATIOS: BLD: PROJECTS APPROVED < 7/1/1998 BLD10: PROJECTS APPROVED 7/1/1998 - 6/30/2000 BLD3: PROJECTS APPROVED > 6/30/2000 3. THE NUMBER OF ASSUMED PAYMENTS IS THE POSITIVE REMAINDER OF THE PROJECTS MAXIMUM USEFUL LIFE LESS 1 YEAR, TRUNCATED. PPU: PROSPECTIVE PROJECTS: ALT/RECON = 15, ADDITION = 20, NEW = 30, AS ASSIGNED FOR PURPOSES OF PROSPECTIVE AMORTIZATION OF APPROVED BORROWING COSTS. CAPITAL ONLY RETRO PROJECTS: SAME AS ABOVE. RETRO PROJECTS: MAXIMUM PROJECT LIFE AS DISPLAYED ON THE INDIVIDUAL PROJECT LISTING FOR RETRO BOND(S) FUNDING THIS PROJECT (SEE RETRO PROJECT WEB REPORT). 4. THE ASSUMED ANNUAL AIDABLE EXPENSE IS THE QUOTIENT OF THE CAPITAL BALANCE AND THE NUMBER OF ASSUMED PAYMENTS, TRUNCATED TO THE NEAREST WHOLE DOLLAR. ****************************************************************************************** PROJECT NUMBER: 0001-015 PROJECT NAME: STOKES ELEMENTARY AMORTIZED CAPITAL BALANCE: 5,716 VOTER AUTHORIZATION DATE: 05/15/2001 ASSUMED PAYMENTS: 14 AID RATIO: BLD3 ASSUMED ANNUAL AIDABLE EXPENSE: 408 TYPE: RETRO AID YEAR STARTING JULY 2004 CMMSR APP DATE: 05/16/01 PPU: 15.0 CONTRACT DATE: 05/29/01 PROJECT NUMBER: 0002-011 PROJECT NAME: SPARKE ELEMENTARY AMORTIZED CAPITAL BALANCE: 517,880 VOTER AUTHORIZATION DATE: 05/21/2002 ASSUMED PAYMENTS: 14 AID RATIO: BLD3 ASSUMED ANNUAL AIDABLE EXPENSE: 36,991 TYPE: PROSPECTIVE AID YEAR STARTING JULY 2004 CMMSR APP DATE: 05/21/02 PPU: 15 CONTRACT DATE: 02/10/03 PROJECT NUMBER: 0003-022 PROJECT NAME: ISLAND TREES SR HIGH SCHOOL AMORTIZED CAPITAL BALANCE: 54,453 VOTER AUTHORIZATION DATE: 05/15/2001 ASSUMED PAYMENTS: 14 AID RATIO: BLD3 ASSUMED ANNUAL AIDABLE EXPENSE: 3,889 TYPE: RETRO AID YEAR STARTING JULY 2004 CMMSR APP DATE: 05/16/01 PPU: 15.0 CONTRACT DATE: 05/29/01 PROJECT NUMBER: 0003-025 PROJECT NAME: ISLAND TREES SR HIGH SCHOOL AMORTIZED CAPITAL BALANCE: 119,444 VOTER AUTHORIZATION DATE: 05/21/2002 ASSUMED PAYMENTS: 14 AID RATIO: BLD3 ASSUMED ANNUAL AIDABLE EXPENSE: 8,531 TYPE: PROSPECTIVE AID YEAR STARTING JULY 2004 CMMSR APP DATE: 05/21/02 PPU: 15 CONTRACT DATE: 07/24/02 PROJECT NUMBER: 0005-007 PROJECT NAME: GALLOW ELEMENTARY AMORTIZED CAPITAL BALANCE: 238,787 VOTER AUTHORIZATION DATE: 01/22/1997 ASSUMED PAYMENTS: 14 AID RATIO: BLD ASSUMED ANNUAL AIDABLE EXPENSE: 17,056 TYPE: RETRO AID YEAR STARTING JULY 2004 CMMSR APP DATE: 02/02/01 PPU: 15.0 CONTRACT DATE: 02/26/01 PROJECT NUMBER: 0005-010 PROJECT NAME: GALLOW ELEMENTARY AMORTIZED CAPITAL BALANCE: 60,966 VOTER AUTHORIZATION DATE: 05/15/2001 ASSUMED PAYMENTS: 14 AID RATIO: BLD3 ASSUMED ANNUAL AIDABLE EXPENSE: 4,354 TYPE: RETRO AID YEAR STARTING JULY 2004 CMMSR APP DATE: 05/16/01 PPU: 15.0 CONTRACT DATE: 05/29/01

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