460500 FULTON CITY SCH. DIST.                                                  
                                                                                    
                                                                                    
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             Amount Issued:     12,000,000   BLD                                    
 Date of Original Issuance:     27-Apr-93                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0012  003    1,552,374           0          0   1,552,374  15.0  23,285,610        
 0015  004   10,724,077           0  4,752,101   5,971,976  17.0 182,309,309        
___________________________________________________________________________         
             12,276,451                                          205,594,919        
                                                                                    
                       Blended Maximum Useful Life:         16.5                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         16.5                    
                       Period Prior to 1 July 2002:          9.0                    
              Sel. Remaining Term for Amortization:          7.5                    
             Principal Outstanding as of July 2002:    1,575,000                    
                             Assumed Interest Rate:       4.500%                    
      Debt Service for Amortization Year 6 of 7.5 :      249,758                    
                                      Bond Percent:      96.166%                    
   Aidable Debt Service for Amortization Year 6 of       240,182                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                1,650,000      
  B. Bond Percent:                                                     96.166%      
  C. Applicable Building Aid Ratio:                                      80.5%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      1,219,265      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          1,575,000      
  F. State Share Ratio: (D / E)                                          77.4%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     4,315      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                34,436      
  I. State Share of Variable Costs Aided at 100%:( H * F)               26,653      
  J. Total Principal Added(A - E - G - H):                              36,249      
  K. State Share of Additional Principal Aided at 100% (J * F):         28,057      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 59,025      
  M. Local Share of Variable Costs Aided at State Share (H - I):         7,783      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    684      
  Assumed Debt Service for State Share of Variable Costs:                4,226      
  Assumed Debt Service for State Share of Additional Principal:          4,450      
  Assumed Debt Service for Local Share of Variable Costs: *              1,187      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      3,297,000   BLD                                    
 Date of Original Issuance:     23-Jul-98                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0005  004    1,702,613           0          0   1,702,613  15.0  25,539,195        
 0006  003      576,029           0          0     576,029  15.0   8,640,435        
 0017  004      160,824           0          0     160,824  15.0   2,412,360        
 7999  001      536,110           0          0     536,110  15.0   8,041,650        
___________________________________________________________________________         
              2,975,576                                           44,633,640        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          4.0                    
              Sel. Remaining Term for Amortization:         11.0                    
             Principal Outstanding as of July 2002:    2,335,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 11 :      271,458                    
                                      Bond Percent:      90.231%                    
 Aidable Debt Service for Amortization Year 6 of 11      244,939                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                2,480,000      
  B. Bond Percent:                                                     90.231%      
  C. Applicable Building Aid Ratio:                                      80.5%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      1,696,050      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          2,335,000      
  F. State Share Ratio: (D / E)                                          72.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     6,485      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                54,630      
  I. State Share of Variable Costs Aided at 100%:( H * F)               39,661      
  J. Total Principal Added(A - E - G - H):                              83,885      
  K. State Share of Additional Principal Aided at 100% (J * F):         60,901      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                107,047      
  M. Local Share of Variable Costs Aided at State Share (H - I):        14,969      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    754      
  Assumed Debt Service for State Share of Variable Costs:                4,610      
  Assumed Debt Service for State Share of Additional Principal:          7,080      
  Assumed Debt Service for Local Share of Variable Costs: *              1,570      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      4,795,169   BLD-10                                 
 Date of Original Issuance:     10-Mar-00                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0005  005      423,825           0          0     423,825  15.0   6,357,375        
 0006  004      431,403           0          0     431,403  15.0   6,471,045        
 0009  003      450,651           0          0     450,651  15.0   6,759,765        
 0011  001       46,246           0          0      46,246  15.0     693,690        
 0012  005      588,474           0          0     588,474  15.0   8,827,110        
 0015  006      645,993           0          0     645,993  15.0   9,689,895        
 0017  005    1,403,582           0          0   1,403,582  15.0  21,053,730        
 0018  004      224,797           0          0     224,797  15.0   3,371,955        
___________________________________________________________________________         
              4,214,971                                           63,224,565        
____                   Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         12.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          3.0                    
              Sel. Remaining Term for Amortization:         12.0                    
             Principal Outstanding as of July 2002:    4,237,630                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 12 :      460,886                    
                                      Bond Percent:      79.598%                    
 Aidable Debt Service for Amortization Year 6 of 12      366,856                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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