120401 CHARLOTTE VALLEY CSD                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      1,649,068   BLD                                    
 Date of Original Issuance:     27-Aug-96                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  009    1,649,076           0  1,058,165     590,911  18.0  29,683,368        
___________________________________________________________________________         
              1,649,076                                           29,683,368        
                                                                                    
                       Blended Maximum Useful Life:         18.0                    
                             Original Term of Bond:         15.0                    
                      Selected Maximum Useful Life:         18.0                    
                       Period Prior to 1 July 2002:          6.0                    
              Sel. Remaining Term for Amortization:         12.0                    
             Principal Outstanding as of July 2002:    1,130,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 12 :      122,900                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 12      122,900                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                1,197,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      74.3%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        839,590      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          1,130,000      
  F. State Share Ratio: (D / E)                                          74.3%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     3,312      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                21,353      
  I. State Share of Variable Costs Aided at 100%:( H * F)               15,865      
  J. Total Principal Added(A - E - G - H):                              42,335      
  K. State Share of Additional Principal Aided at 100% (J * F):         31,455      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 50,632      
  M. Local Share of Variable Costs Aided at State Share (H - I):         5,488      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    360      
  Assumed Debt Service for State Share of Variable Costs:                1,726      
  Assumed Debt Service for State Share of Additional Principal:          3,422      
  Assumed Debt Service for Local Share of Variable Costs: *                596      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      3,705,406   BLD-10                                 
 Date of Original Issuance:     19-Apr-01                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  010    3,762,393           0  1,397,003   2,365,390  17.0  63,960,681        
___________________________________________________________________________         
              3,762,393                                           63,960,681        
                                                                                    
                       Blended Maximum Useful Life:         17.0                    
                             Original Term of Bond:         15.5                    
                      Selected Maximum Useful Life:         17.0                    
                       Period Prior to 1 July 2002:          2.5                    
              Sel. Remaining Term for Amortization:         14.5                    
             Principal Outstanding as of July 2002:    3,505,000                    
                             Assumed Interest Rate:       4.500%                    
     Debt Service for Amortization Year 6 of 14.5 :      331,718                    
                                      Bond Percent:      93.277%                    
   Aidable Debt Service for Amortization Year 6 of       309,417                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                3,708,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      84.3%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      2,954,715      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          3,505,000      
  F. State Share Ratio: (D / E)                                          84.3%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    10,263      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                66,263      
  I. State Share of Variable Costs Aided at 100%:( H * F)               55,860      
  J. Total Principal Added(A - E - G - H):                             126,474      
  K. State Share of Additional Principal Aided at 100% (J * F):        106,618      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                172,740      
  M. Local Share of Variable Costs Aided at State Share (H - I):        10,403      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    972      
  Assumed Debt Service for State Share of Variable Costs:                5,286      
  Assumed Debt Service for State Share of Additional Principal:         10,090      
  Assumed Debt Service for Local Share of Variable Costs: *                984      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

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