042400 OLEAN CITY SCHOOL DISTRICT ****************************************************************************** Amount Issued: 2,877,120 BLD-10 Date of Original Issuance: 21-Dec-00 __________________________________________________________________________ New Alt./ Max. Weighted Bldg Proj Allowable Constr. Additions Reconstr Projec Useful . . Cost Cost Cost Cost t Life Life __________________________________________________________________________ 0001 004 26,752,000 0 16,272,469 10,479,531 18.0 481,536,000 0005 004 625,841 0 0 625,841 15.0 9,387,615 0006 004 545,793 0 0 545,793 15.0 8,186,895 0009 003 876,961 0 0 876,961 15.0 13,154,415 0011 003 565,117 0 0 565,117 15.0 8,476,755 0012 005 656,588 0 0 656,588 15.0 9,848,820 ___________________________________________________________________________ 30,022,300 530,590,500 Blended Maximum Useful Life: 17.5 Original Term of Bond: 11.0 Term based on prior Retro borrowing: 18.0 Selected Maximum Useful Life: 18.0 Period Prior to 1 July 2002: 2.0 Sel. Remaining Term for Amortization: 16.0 Principal Outstanding as of July 2002: 2,175,000 Assumed Interest Rate: 4.500% Debt Service for Amortization Year 6 of 16 : 192,158 Bond Percent: 99.715% Aidable Debt Service for Amortization Year 6 of 16 191,610 Additional Costs Attributable to Refinancing ____________________________________________ A. Total Amount of Refinancing Issued (SA-132A #7): 2,275,000 B. Bond Percent: 100.000% C. Applicable Building Aid Ratio: 93.2% D. State Share of Outstanding Principal (SA132-A #3 * B * C): 2,027,100 E. Amount of Original Principal Refinanced: (SA132-A # 4) 2,175,000 F. State Share Ratio: (D / E) 93.2% G. Total Fixed Costs Aided at 100% (SA132-A # 13): 1,752 H. Total Variable Costs of Refinancing (SA132-A # 23): 29,422 I. State Share of Variable Costs Aided at 100%:( H * F) 27,421 J. Total Principal Added(A - E - G - H): 68,826 K. State Share of Additional Principal Aided at 100% (J * F): 64,146 L. Total Refinancing Costs Aided at 100% (G + I + K): 93,319 M. Local Share of Variable Costs Aided at State Share (H - I): 2,001 Assumed Aidable Debt Service for Refinancing ____________________________________________ Assumed Debt Service for Fixed Costs: 154 Assumed Debt Service for State Share of Variable Costs: 2,422 Assumed Debt Service for State Share of Additional Principal: 5,668 Assumed Debt Service for Local Share of Variable Costs: * 176 * After application of Bond Percent. ****************************************************************************** Amount Issued: 1,800,000 BLD-10 Date of Original Issuance: 30-Jan-01 __________________________________________________________________________ New Alt./ Max. Weighted Bldg Proj Allowable Constr. Additions Reconstr Projec Useful . . Cost Cost Cost Cost t Life Life __________________________________________________________________________ 0001 004 26,752,000 0 16,272,469 10,479,531 18.0 481,536,000 0005 004 625,841 0 0 625,841 15.0 9,387,615 0006 004 545,793 0 0 545,793 15.0 8,186,895 0009 003 876,961 0 0 876,961 15.0 13,154,415 0011 003 565,117 0 0 565,117 15.0 8,476,755 0012 005 656,588 0 0 656,588 15.0 9,848,820 ___________________________________________________________________________ 30,022,300 530,590,500 Blended Maximum Useful Life: 17.5 Original Term of Bond: 11.0 Term based on prior Retro borrowing: 18.0 ____ Selected Maximum Useful Life: 18.0 Period Prior to 1 July 2002: 3.0 Sel. Remaining Term for Amortization: 15.0 Principal Outstanding as of July 2002: 900,000 Assumed Interest Rate: 4.500% Debt Service for Amortization Year 6 of 15 : 83,158 Bond Percent: 99.715% Aidable Debt Service for Amortization Year 6 of 15 82,921 Additional Costs Attributable to Refinancing ____________________________________________ A. Total Amount of Refinancing Issued (SA-132A #7): 940,000 B. Bond Percent: 100.000% C. Applicable Building Aid Ratio: 93.2% D. State Share of Outstanding Principal (SA132-A #3 * B * C): 838,800 E. Amount of Original Principal Refinanced: (SA132-A # 4) 900,000 F. State Share Ratio: (D / E) 93.2% G. Total Fixed Costs Aided at 100% (SA132-A # 13): 723 H. Total Variable Costs of Refinancing (SA132-A # 23): 13,547 I. State Share of Variable Costs Aided at 100%:( H * F) 12,626 J. Total Principal Added(A - E - G - H): 25,730 K. State Share of Additional Principal Aided at 100% (J * F): 23,980 L. Total Refinancing Costs Aided at 100% (G + I + K): 37,329 M. Local Share of Variable Costs Aided at State Share (H - I): 921 Assumed Aidable Debt Service for Refinancing ____________________________________________ Assumed Debt Service for Fixed Costs: 66 Assumed Debt Service for State Share of Variable Costs: 1,166 Assumed Debt Service for State Share of Additional Principal: 2,216 Assumed Debt Service for Local Share of Variable Costs: * 86 * After application of Bond Percent. ****************************************************************************** Amount Issued: 24,400,000 BLD-10 Date of Original Issuance: 15-Feb-01 __________________________________________________________________________ New Alt./ Max. Weighted Bldg Proj Allowable Constr. Additions Reconstr Projec Useful . . Cost Cost Cost Cost t Life Life __________________________________________________________________________ 0001 004 26,752,000 0 16,272,469 10,479,531 18.0 481,536,000 0005 004 625,841 0 0 625,841 15.0 9,387,615 0006 004 545,793 0 0 545,793 15.0 8,186,895 0009 003 876,961 0 0 876,961 15.0 13,154,415 0011 003 565,117 0 0 565,117 15.0 8,476,755 0012 005 656,588 0 0 656,588 15.0 9,848,820 ___________________________________________________________________________ 30,022,300 530,590,500 ____ Blended Maximum Useful Life: 17.5 Original Term of Bond: 11.0 Term based on prior Retro borrowing: 18.0 Selected Maximum Useful Life: 18.0 Period Prior to 1 July 2002: 3.0 Sel. Remaining Term for Amortization: 15.0 Principal Outstanding as of July 2002: 12,200,000 Assumed Interest Rate: 4.500% Debt Service for Amortization Year 6 of 15 : 1,127,264 Bond Percent: 99.715% Aidable Debt Service for Amortization Year 6 of 15 1,124,051 Additional Costs Attributable to Refinancing ____________________________________________ A. Total Amount of Refinancing Issued (SA-132A #7): 12,630,000 B. Bond Percent: 100.000% C. Applicable Building Aid Ratio: 93.2% D. State Share of Outstanding Principal (SA132-A #3 * B * C): 11,370,400 E. Amount of Original Principal Refinanced: (SA132-A # 4) 12,200,000 F. State Share Ratio: (D / E) 93.2% G. Total Fixed Costs Aided at 100% (SA132-A # 13): 9,725 H. Total Variable Costs of Refinancing (SA132-A # 23): 158,703 I. State Share of Variable Costs Aided at 100%:( H * F) 147,911 J. Total Principal Added(A - E - G - H): 261,572 K. State Share of Additional Principal Aided at 100% (J * F): 243,785 L. Total Refinancing Costs Aided at 100% (G + I + K): 401,421 M. Local Share of Variable Costs Aided at State Share (H - I): 10,792 Assumed Aidable Debt Service for Refinancing ____________________________________________ Assumed Debt Service for Fixed Costs: 898 Assumed Debt Service for State Share of Variable Costs: 13,666 Assumed Debt Service for State Share of Additional Principal: 22,526 Assumed Debt Service for Local Share of Variable Costs: * 998 * After application of Bond Percent. ****************************************************************************** End of Report

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