640701 GRANVILLE CENTRAL SCHOOL DISTRICT                                       
                                                                                    
                                                                                    
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             Amount Issued:        761,000   BLD                                    
 Date of Original Issuance:     28-Nov-95                                           
                                                                                    
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                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
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 0001  004      251,653           0          0     251,653  15.0   3,774,795        
 0013  001      205,166           0          0     205,166  15.0   3,077,490        
 0014  001      182,507           0          0     182,507  15.0   2,737,605        
 5002  001      120,808           0          0     120,808  15.0   1,812,120        
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                760,134                                           11,402,010        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         15.5                    
                      Selected Maximum Useful Life:         15.5                    
                       Period Prior to 1 July 2002:          8.0                    
              Sel. Remaining Term for Amortization:          7.5                    
             Principal Outstanding as of July 2002:      410,000                    
                             Assumed Interest Rate:       4.500%                    
      Debt Service for Amortization Year 4 of 7.5 :       65,016                    
                                      Bond Percent:      99.886%                    
Aidable Debt Service for Amortization Year 4 of 7.5 :     64,942                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      7,600,000   BLD-10                                 
 Date of Original Issuance:     28-Feb-01                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  006      641,842           0          0     641,842  15.0   9,627,630        
 0001  009    6,300,459           0          0   6,300,459  15.0  94,506,885        
 0013  003    3,856,600           0    947,925   2,908,675  16.0  61,705,600        
 0014  002    6,421,099           0  3,915,288   2,505,811  18.0 115,579,782        
_______________________________________________________________________________     
             17,220,000                                          281,419,897        
                                                                                    
                       Blended Maximum Useful Life:         16.5                    
                             Original Term of Bond:         14.5                    
               Term based on prior Retro borrowing:         16.5                    
                      Selected Maximum Useful Life:         16.5                    
                       Period Prior to 1 July 2002:          2.5                    
              Sel. Remaining Term for Amortization:         14.0                    
             Principal Outstanding as of July 2002:    6,200,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 4 of 14 :      601,714                    
                                      Bond Percent:      91.682%                    
Aidable Debt Service for Amortization Year 4 of 14 :     551,663                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
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  A. Total Amount of Refinancing Issued (SA-132A #7):                6,590,000      
  B. Bond Percent:                                                     94.535%      
  C. Applicable Building Aid Ratio:                                      91.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      5,333,665      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          6,200,000      
  F. State Share Ratio: (D / E)                                          86.0%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    11,400      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               141,288      
  I. State Share of Variable Costs Aided at 100%:( H * F)              121,508      
  J. Total Principal Added(A - E - G - H):                             237,312      
  K. State Share of Additional Principal Aided at 100% (J * F):        204,088      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                336,996      
  M. Local Share of Variable Costs Aided at State Share (H - I):        19,780      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
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  Assumed Debt Service for Fixed Costs:                                  1,106      
  Assumed Debt Service for State Share of Variable Costs:               11,792      
  Assumed Debt Service for State Share of Additional Principal:         19,806      
  Assumed Debt Service for Local Share of Variable Costs: *              1,815      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      9,917,220   BLD-10                                 
 Date of Original Issuance:     30-Jul-02                                           
                                                                                    
______________________________________________________________________________      
                           New                    Alt./     Max.   Weighted         
Bldg. Proj.  Allowable   Constr.    Additions   Reconstr  Project   Useful          
        No.     Cost       Cost        Cost        Cost     Life      Life          
                                                                                    
______________________________________________________________________________      
 0001  006      641,842           0          0     641,842  15.0   9,627,630        
 0001  009    6,300,459           0          0   6,300,459  15.0  94,506,885        
 0013  003    3,856,600           0    947,925   2,908,675  16.0  61,705,600        
 0014  002    6,421,099           0  3,915,288   2,505,811  18.0 115,579,782        
_______________________________________________________________________________     
             17,220,000                                          281,419,897        
                                                                                    
                       Blended Maximum Useful Life:         16.5                    
                             Original Term of Bond:         18.5                    
               Term based on prior Retro borrowing:         14.5                    
                      Selected Maximum Useful Life:         18.5                    
                       Period Prior to 1 July 2002:          2.5                    
              Sel. Remaining Term for Amortization:         16.0                    
             Principal Outstanding as of July 2002:    9,917,220                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 4 of 16 :      876,170                    
                                      Bond Percent:      91.682%                    
Aidable Debt Service for Amortization Year 4 of 16 :     803,290                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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