240201 CALEDONIA-MUMFORD CSD                                                   
                                                                                    
                                                                                    
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             Amount Issued:      4,700,000   BLD                                    
 Date of Original Issuance:     08-Jan-98                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  002    9,471,869           0  6,442,116   3,029,753  18.5 175,229,577        
 0002  003      149,324           0          0     149,324  15.0   2,239,860        
 0003  004    2,966,507           0  1,462,010   1,504,497  17.5  51,913,873        
 5002  001       90,449           0          0      90,449  15.0   1,356,735        
 5006  001      912,299     912,299          0           0  30.0  27,368,970        
___________________________________________________________________________         
             13,590,448                                          258,109,014        
                                                                                    
                       Blended Maximum Useful Life:         19.0                    
                             Original Term of Bond:         17.0                    
               Term based on prior Retro borrowing:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          6.0                    
              Sel. Remaining Term for Amortization:         14.0                    
             Principal Outstanding as of July 2002:    3,550,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 14 :      344,530                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 14      344,530                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                3,665,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      77.6%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      2,754,800      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          3,550,000      
  F. State Share Ratio: (D / E)                                          77.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     4,167      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                65,364      
  I. State Share of Variable Costs Aided at 100%:( H * F)               50,722      
  J. Total Principal Added(A - E - G - H):                              45,469      
  K. State Share of Additional Principal Aided at 100% (J * F):         35,284      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 90,173      
  M. Local Share of Variable Costs Aided at State Share (H - I):        14,642      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    404      
  Assumed Debt Service for State Share of Variable Costs:                4,922      
  Assumed Debt Service for State Share of Additional Principal:          3,424      
  Assumed Debt Service for Local Share of Variable Costs: *              1,420      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      8,600,000   BLD                                    
 Date of Original Issuance:     24-Feb-98                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  002    9,471,869           0  6,442,116   3,029,753  18.5 175,229,577        
 0003  004    2,966,507           0  1,462,010   1,504,497  17.5  51,913,873        
___________________________________________________________________________         
             12,438,376                                          227,143,449        
                                                                                    
                       Blended Maximum Useful Life:         18.5                    
                             Original Term of Bond:         18.0                    
               Term based on prior Retro borrowing:         19.0                    
                      Selected Maximum Useful Life:         19.0                    
                       Period Prior to 1 July 2002:          5.0                    
              Sel. Remaining Term for Amortization:         14.0                    
             Principal Outstanding as of July 2002:    6,450,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 14 :      625,976                    
                                      Bond Percent:      99.999%                    
 Aidable Debt Service for Amortization Year 6 of 14      625,970                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                6,625,000      
  B. Bond Percent:                                                     99.999%      
  C. Applicable Building Aid Ratio:                                      77.6%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      5,005,150      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          6,450,000      
  F. State Share Ratio: (D / E)                                          77.5%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     7,533      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               106,324      
  I. State Share of Variable Costs Aided at 100%:( H * F)               82,401      
  J. Total Principal Added(A - E - G - H):                              61,143      
  K. State Share of Additional Principal Aided at 100% (J * F):         47,386      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                137,320      
  M. Local Share of Variable Costs Aided at State Share (H - I):        23,923      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    732      
  Assumed Debt Service for State Share of Variable Costs:                7,998      
  Assumed Debt Service for State Share of Additional Principal:          4,598      
  Assumed Debt Service for Local Share of Variable Costs: *              2,322      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      1,412,676   BLD-10                                 
 Date of Original Issuance:     26-Feb-02                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  003    1,619,661           0          0   1,619,661  15.0  24,294,915        
 0003  005      345,185           0          0     345,185  15.0   5,177,775        
 1002  004       33,664           0          0      33,664  15.0     504,960        
___________________________________________________________________________         
____          1,998,510                                           29,977,650        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         16.0                    
               Term based on prior Retro borrowing:         15.0                    
                      Selected Maximum Useful Life:         16.0                    
                       Period Prior to 1 July 2002:          1.0                    
              Sel. Remaining Term for Amortization:         15.0                    
             Principal Outstanding as of July 2002:    1,030,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 15 :       95,170                    
                                      Bond Percent:      99.194%                    
 Aidable Debt Service for Amortization Year 6 of 15       94,403                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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