110304 MCGRAW CSD                                                              
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      9,000,000   BLD-10                                 
 Date of Original Issuance:     23-Nov-99                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0002  005    6,196,525           0    695,003   5,501,522  15.5  96,046,138        
 0004  006    3,619,855           0    427,911   3,191,944  15.5  56,107,753        
 5007  004      615,480           0    298,037     317,443  17.5  10,770,900        
___________________________________________________________________________         
             10,431,860                                          162,924,790        
                                                                                    
                       Blended Maximum Useful Life:         15.5                    
                             Original Term of Bond:         11.5                    
                      Selected Maximum Useful Life:         15.5                    
                       Period Prior to 1 July 2002:          2.5                    
              Sel. Remaining Term for Amortization:         13.0                    
             Principal Outstanding as of July 2002:    6,850,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 13 :      701,732                    
                                      Bond Percent:      97.370%                    
 Aidable Debt Service for Amortization Year 6 of 13      683,276                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                7,150,700      
  B. Bond Percent:                                                     97.370%      
  C. Applicable Building Aid Ratio:                                      95.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      6,336,353      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          6,850,000      
  F. State Share Ratio: (D / E)                                          92.5%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    13,949      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               103,198      
  I. State Share of Variable Costs Aided at 100%:( H * F)               95,458      
  J. Total Principal Added(A - E - G - H):                             183,553      
  K. State Share of Additional Principal Aided at 100% (J * F):        169,787      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                279,194      
  M. Local Share of Variable Costs Aided at State Share (H - I):         7,740      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                  1,428      
  Assumed Debt Service for State Share of Variable Costs:                9,778      
  Assumed Debt Service for State Share of Additional Principal:         17,394      
  Assumed Debt Service for Local Share of Variable Costs: *                771      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:        450,000   BLD-10                                 
 Date of Original Issuance:     28-Aug-01                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0002  005    6,196,525           0    695,003   5,501,522  15.5  96,046,138        
 0004  006    3,619,855           0    427,911   3,191,944  15.5  56,107,753        
 5007  004      615,480           0    298,037     317,443  17.5  10,770,900        
___________________________________________________________________________         
             10,431,860                                          162,924,790        
                                                                                    
                       Blended Maximum Useful Life:         15.5                    
                             Original Term of Bond:         11.5                    
                      Selected Maximum Useful Life:         15.5                    
                       Period Prior to 1 July 2002:          2.5                    
              Sel. Remaining Term for Amortization:         13.0                    
             Principal Outstanding as of July 2002:      450,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 13 :       46,100                    
                                      Bond Percent:      97.370%                    
 Aidable Debt Service for Amortization Year 6 of 13       44,888                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                  474,300      
  B. Bond Percent:                                                     97.370%      
  C. Applicable Building Aid Ratio:                                      95.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        416,257      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            450,000      
  F. State Share Ratio: (D / E)                                          92.5%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                       926      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                 6,797      
  I. State Share of Variable Costs Aided at 100%:( H * F)                6,287      
  J. Total Principal Added(A - E - G - H):                              16,577      
  K. State Share of Additional Principal Aided at 100% (J * F):         15,334      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 22,547      
  M. Local Share of Variable Costs Aided at State Share (H - I):           510      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                     94      
  Assumed Debt Service for State Share of Variable Costs:                  644      
  Assumed Debt Service for State Share of Additional Principal:          1,570      
  Assumed Debt Service for Local Share of Variable Costs: *                 51      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE