431101 MANCHESTER-SHORTSVILLE CSD                                              
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      2,288,000   BLD                                    
 Date of Original Issuance:     07-Apr-92                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0007  001    1,245,152           0    157,623   1,087,529  15.5  19,299,856        
 0010  002      293,813           0          0     293,813  15.0   4,407,195        
 5001  002      557,344           0    413,356     143,988  18.5  10,310,864        
___________________________________________________________________________         
              2,096,309                                           34,017,915        
                                                                                    
                       Blended Maximum Useful Life:         16.0                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:         13.0                    
              Sel. Remaining Term for Amortization:          7.0                    
             Principal Outstanding as of July 2002:      980,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 7 :      164,762                    
                                      Bond Percent:      93.650%                    
 Aidable Debt Service for Amortization Year 6 of 7       154,300                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                1,085,000      
  B. Bond Percent:                                                     93.650%      
  C. Applicable Building Aid Ratio:                                      80.8%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        741,558      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            980,000      
  F. State Share Ratio: (D / E)                                          75.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     1,498      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                14,856      
  I. State Share of Variable Costs Aided at 100%:( H * F)               11,231      
  J. Total Principal Added(A - E - G - H):                              88,646      
  K. State Share of Additional Principal Aided at 100% (J * F):         67,016      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 79,746      
  M. Local Share of Variable Costs Aided at State Share (H - I):         3,625      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    252      
  Assumed Debt Service for State Share of Variable Costs:                1,888      
  Assumed Debt Service for State Share of Additional Principal:         11,268      
  Assumed Debt Service for Local Share of Variable Costs: *                571      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:     12,900,000   BLD                                    
 Date of Original Issuance:     27-Apr-99                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0007  008   12,881,892           0  8,820,381   4,061,511  18.5 238,315,002        
___________________________________________________________________________         
             12,881,892                                          238,315,002        
                                                                                    
                       Blended Maximum Useful Life:         18.5                    
                             Original Term of Bond:         19.5                    
                      Selected Maximum Useful Life:         19.5                    
                       Period Prior to 1 July 2002:          4.5                    
              Sel. Remaining Term for Amortization:         15.0                    
             Principal Outstanding as of July 2002:    8,615,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 15 :      796,014                    
                                      Bond Percent:      99.859%                    
 Aidable Debt Service for Amortization Year 6 of 15      794,892                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                7,590,000      
  B. Bond Percent:                                                     99.859%      
  C. Applicable Building Aid Ratio:                                      80.8%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      6,951,105      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          7,335,000      
  F. State Share Ratio: (D / E)                                          94.7%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    10,477      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               100,421      
  I. State Share of Variable Costs Aided at 100%:( H * F)               95,099      
  J. Total Principal Added(A - E - G - H):                             144,102      
  K. State Share of Additional Principal Aided at 100% (J * F):        136,465      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                242,040      
  M. Local Share of Variable Costs Aided at State Share (H - I):         5,322      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    968      
  Assumed Debt Service for State Share of Variable Costs:                8,786      
  Assumed Debt Service for State Share of Additional Principal:         12,610      
  Assumed Debt Service for Local Share of Variable Costs: *                491      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

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