580801 SMITHTOWN CSD                                                           
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      7,000,000   BLD                                    
 Date of Original Issuance:     27-Mar-91                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  004      480,752           0          0     480,752  15.0   7,211,280        
 0001  005       89,024           0          0      89,024  15.0   1,335,360        
 0001  006      107,835           0          0     107,835  15.0   1,617,525        
 0006  003      218,418           0          0     218,418  15.0   3,276,270        
 0006  004       74,318           0          0      74,318  15.0   1,114,770        
 0006  005      320,256           0          0     320,256  15.0   4,803,840        
 0006  006      237,241           0          0     237,241  15.0   3,558,615        
 0016  005       68,861           0          0      68,861  15.0   1,032,915        
 0016  006      117,416           0          0     117,416  15.0   1,761,240        
 0016  008      187,134           0          0     187,134  15.0   2,807,010        
 0016  009      166,056           0          0     166,056  15.0   2,490,840        
 0023  004      139,970           0          0     139,970  15.0   2,099,550        
 0023  005      274,866           0          0     274,866  15.0   4,122,990        
 0024  002      316,591           0          0     316,591  15.0   4,748,865        
 0025  002      189,778           0          0     189,778  15.0   2,846,670        
 0025  003       28,269           0          0      28,269  15.0     424,035        
 0025  004      116,864           0          0     116,864  15.0   1,752,960        
 0027  002       93,005           0          0      93,005  15.0   1,395,075        
 0029  005      146,956           0          0     146,956  15.0   2,204,340        
 0033  004      181,038           0          0     181,038  15.0   2,715,570        
 0034  004      170,237           0          0     170,237  15.0   2,553,555        
 0038  002      148,873           0          0     148,873  15.0   2,233,095        
 0038  003      636,354           0          0     636,354  15.0   9,545,310        
 0038  004      105,191           0          0     105,191  15.0   1,577,865        
 1008  004      112,885           0          0     112,885  15.0   1,693,275        
 7999  001      511,784           0          0     511,784  15.0   7,676,760        
_______________________________________________________________________________     
              5,239,972                                           78,599,580        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         15.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:         11.0                    
              Sel. Remaining Term for Amortization:          4.0                    
             Principal Outstanding as of July 2002:    2,150,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 4 of 4 :      593,334                    
                                      Bond Percent:      91.954%                    
Aidable Debt Service for Amortization Year 4 of 4 :      545,594                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      3,500,000   BLD                                    
 Date of Original Issuance:     10-Jun-92                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  007      226,313           0          0     226,313  15.0   3,394,695        
 0006  005      320,256           0          0     320,256  15.0   4,803,840        
 0006  006      237,241           0          0     237,241  15.0   3,558,615        
 0016  005       68,861           0          0      68,861  15.0   1,032,915        
 0016  006      117,416           0          0     117,416  15.0   1,761,240        
 0016  008      187,134           0          0     187,134  15.0   2,807,010        
 0016  009      166,056           0          0     166,056  15.0   2,490,840        
 0023  007    1,908,498           0          0   1,908,498  15.0  28,627,470        
 0025  003       28,269           0          0      28,269  15.0     424,035        
 0025  004      116,864           0          0     116,864  15.0   1,752,960        
 0027  002       93,005           0          0      93,005  15.0   1,395,075        
 0029  005      146,956           0          0     146,956  15.0   2,204,340        
 0030  004      137,829           0          0     137,829  15.0   2,067,435        
 0031  004       93,000           0          0      93,000  15.0   1,395,000        
 0033  005      587,191           0          0     587,191  15.0   8,807,865        
 0034  005      568,485           0          0     568,485  15.0   8,527,275        
 0038  005    1,282,500           0          0   1,282,500  15.0  19,237,500        
_______________________________________________________________________________     
              6,285,874                                           94,288,110        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         18.0                    
                      Selected Maximum Useful Life:         18.0                    
                       Period Prior to 1 July 2002:         10.0                    
              Sel. Remaining Term for Amortization:          8.0                    
             Principal Outstanding as of July 2002:    1,750,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 4 of 8 :      262,908                    
                                      Bond Percent:      91.954%                    
Aidable Debt Service for Amortization Year 4 of 8 :      241,754                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      1,350,000   BLD                                    
 Date of Original Issuance:     23-Jun-93                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0023  006    1,129,705           0          0   1,129,705  15.0  16,945,575        
 0023  007    1,908,498           0          0   1,908,498  15.0  28,627,470        
 0023  010      805,385           0          0     805,385  15.0  12,080,775        
 0038  005    1,282,500           0          0   1,282,500  15.0  19,237,500        
_______________________________________________________________________________     
              5,126,088                                           76,891,320        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          9.0                    
              Sel. Remaining Term for Amortization:          6.0                    
             Principal Outstanding as of July 2002:      150,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 4 of 6 :       28,806                    
                                      Bond Percent:      91.954%                    
Aidable Debt Service for Amortization Year 4 of 6 :       26,488                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:     26,420,000   BLD                                    
 Date of Original Issuance:     30-Jun-98                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  013    3,207,380           0  2,879,355     328,025  19.5  62,543,910        
 0006  012    3,468,437           0  2,984,034     484,403  19.5  67,634,522        
 0016  014    3,101,778           0  2,796,723     305,055  19.5  60,484,671        
 0024  008    3,001,329           0  2,514,720     486,609  19.0  57,025,251        
 0025  010    2,989,371           0  2,432,881     556,490  19.0  56,798,049        
 0027  007    1,673,193           0          0   1,673,193  15.0  25,097,895        
 0029  010    3,031,953           0  2,475,503     556,450  19.0  57,607,107        
 0030  010    2,988,293           0  2,501,803     486,490  19.0  56,777,567        
 0031  009    2,990,585           0  2,504,220     486,365  19.0  56,821,115        
 0057  001      441,029     441,029          0           0  30.0  13,230,870        
_______________________________________________________________________________     
             26,893,348                                          514,020,957        
                       Blended Maximum Useful Life:         19.0                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          4.0                    
              Sel. Remaining Term for Amortization:         16.0                    
             Principal Outstanding as of July 2002:   24,515,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 4 of 16 :    2,165,858                    
                                      Bond Percent:      84.005%                    
Aidable Debt Service for Amortization Year 4 of 16 :   1,819,429                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      2,886,958   BLD-10                                 
 Date of Original Issuance:     01-Aug-99                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  014      137,601           0          0     137,601  15.0   2,064,015        
 0006  014      147,692           0          0     147,692  15.0   2,215,380        
 0016  016      185,532           0          0     185,532  15.0   2,782,980        
 0023  017    1,419,646           0          0   1,419,646  15.0  21,294,690        
 0024  009      130,033           0          0     130,033  15.0   1,950,495        
 0025  011      136,225           0          0     136,225  15.0   2,043,375        
 0029  011      180,945           0          0     180,945  15.0   2,714,175        
 0030  011      135,766           0          0     135,766  15.0   2,036,490        
 0031  010      148,838           0          0     148,838  15.0   2,232,570        
 0034  016      106,767           0          0     106,767  15.0   1,601,505        
_______________________________________________________________________________     
              2,729,045                                           40,935,675        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          3.0                    
              Sel. Remaining Term for Amortization:         12.0                    
             Principal Outstanding as of July 2002:    2,170,358                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 4 of 12 :      236,050                    
                                      Bond Percent:      93.144%                    
Aidable Debt Service for Amortization Year 4 of 12 :     219,866                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      1,665,891   BLD                                    
 Date of Original Issuance:     01-Jul-01                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0027  011      475,551           0          0     475,551  15.0   7,133,265        
 0028  004      144,697           0          0     144,697  15.0   2,170,455        
 0033  009      357,812           0          0     357,812  15.0   5,367,180        
 1008  008      547,469           0          0     547,469  15.0   8,212,035        
 7022  003       77,471           0          0      77,471  15.0   1,162,065        
_______________________________________________________________________________     
              1,603,000                                           24,045,000        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
               Term based on prior Retro borrowing:         15.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          1.0                    
              Sel. Remaining Term for Amortization:         14.0                    
             Principal Outstanding as of July 2002:    1,503,103                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 4 of 14 :      145,876                    
                                      Bond Percent:      61.014%                    
Aidable Debt Service for Amortization Year 4 of 14 :      89,005                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:     43,500,000   BLD-10                                 
 Date of Original Issuance:     08-Oct-02                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  017       79,301           0          0      79,301  15.0   1,189,515        
 0006  018       34,274           0          0      34,274  15.0     514,110        
 0034  020    1,768,551           0          0   1,768,551  15.0  26,528,265        
 0064  001      950,422     950,422          0           0  30.0  28,512,660        
_______________________________________________________________________________     
              2,832,548                                           56,744,550        
                       Blended Maximum Useful Life:         20.0                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          0.5                    
              Sel. Remaining Term for Amortization:         19.5                    
             Principal Outstanding as of July 2002:   43,500,000                    
                             Assumed Interest Rate:       4.500%                    
     Debt Service for Amortization Year 4 of 19.5 :    3,374,332                    
                                      Bond Percent:       1.231%                    
Aidable Debt Service for Amortization Year 4 of 19.5 :    41,538                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      1,790,000   BLD                                    
 Date of Original Issuance:     09-Oct-02                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0027  007    1,673,193           0          0   1,673,193  15.0  25,097,895        
 0057  001      441,029           0          0     441,029  15.0   6,615,435        
_______________________________________________________________________________     
              2,114,222                                           31,713,330        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          0.5                    
              Sel. Remaining Term for Amortization:         19.5                    
             Principal Outstanding as of July 2002:    1,790,000                    
                             Assumed Interest Rate:       4.500%                    
     Debt Service for Amortization Year 4 of 19.5 :      138,852                    
                                      Bond Percent:      84.005%                    
Aidable Debt Service for Amortization Year 4 of 19.5 :   116,643                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:     34,400,000   BLD-10                                 
 Date of Original Issuance:     29-Jul-03                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  017       79,301           0          0      79,301  15.0   1,189,515        
 0006  018       34,274           0          0      34,274  15.0     514,110        
 0034  020    1,768,551           0          0   1,768,551  15.0  26,528,265        
 0064  001      950,422     950,422          0           0  30.0  28,512,660        
_______________________________________________________________________________     
              2,832,548                                           56,744,550        
                                                                                    
                       Blended Maximum Useful Life:         20.0                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          0.5                    
              Sel. Remaining Term for Amortization:         19.5                    
             Principal Outstanding as of July 2002:   34,400,000                    
                             Assumed Interest Rate:       4.500%                    
     Debt Service for Amortization Year 3 of 19.5 :    2,668,438                    
                                      Bond Percent:       1.231%                    
Aidable Debt Service for Amortization Year 3 of 19.5 :    32,848                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

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