600101 WAVERLY CSD                                                             
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      1,463,700   BLD                                    
 Date of Original Issuance:     27-Jun-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  003       57,382           0          0      57,382  15.0     860,730        
 0009  002       35,829           0          0      35,829  15.0     537,435        
 0016  002       22,847           0          0      22,847  15.0     342,705        
 0018  006    1,557,146           0          0   1,557,146  15.0  23,357,190        
___________________________________________________________________________         
              1,673,204                                           25,098,060        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:          9.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          6.0                    
              Sel. Remaining Term for Amortization:          9.0                    
             Principal Outstanding as of July 2002:      735,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 9 :      100,220                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 9       100,220                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                  760,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      86.1%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        632,835      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            735,000      
  F. State Share Ratio: (D / E)                                          86.1%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     1,900      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                17,071      
  I. State Share of Variable Costs Aided at 100%:( H * F)               14,698      
  J. Total Principal Added(A - E - G - H):                               6,029      
  K. State Share of Additional Principal Aided at 100% (J * F):          5,191      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 21,789      
  M. Local Share of Variable Costs Aided at State Share (H - I):         2,373      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    260      
  Assumed Debt Service for State Share of Variable Costs:                2,004      
  Assumed Debt Service for State Share of Additional Principal:            708      
  Assumed Debt Service for Local Share of Variable Costs: *                324      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      4,304,734   BLD-10                                 
 Date of Original Issuance:     28-Sep-99                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  004      329,650           0          0     329,650  15.0   4,944,750        
 0009  004    2,622,690           0  1,516,000   1,106,690  18.0  47,208,420        
 0016  003      646,014           0          0     646,014  15.0   9,690,210        
 0018  008      988,212           0          0     988,212  15.0  14,823,180        
 5002  001       72,448           0          0      72,448  15.0   1,086,720        
___________________________________________________________________________         
              4,659,014                                           77,753,280        
                                                                                    
                       Blended Maximum Useful Life:         16.5                    
                             Original Term of Bond:         11.0                    
                      Selected Maximum Useful Life:         16.5                    
                       Period Prior to 1 July 2002:          3.0                    
              Sel. Remaining Term for Amortization:         13.5                    
             Principal Outstanding as of July 2002:    3,310,000                    
                             Assumed Interest Rate:       4.500%                    
     Debt Service for Amortization Year 6 of 13.5 :      329,820                    
                                      Bond Percent:      99.728%                    
   Aidable Debt Service for Amortization Year 6 of       328,923                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                3,440,000      
  B. Bond Percent:                                                     99.728%      
  C. Applicable Building Aid Ratio:                                      95.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      3,135,947      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          3,310,000      
  F. State Share Ratio: (D / E)                                          94.7%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     8,600      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                77,972      
  I. State Share of Variable Costs Aided at 100%:( H * F)               73,839      
  J. Total Principal Added(A - E - G - H):                              43,428      
  K. State Share of Additional Principal Aided at 100% (J * F):         41,126      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                123,566      
  M. Local Share of Variable Costs Aided at State Share (H - I):         4,133      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    856      
  Assumed Debt Service for State Share of Variable Costs:                7,358      
  Assumed Debt Service for State Share of Additional Principal:          4,098      
  Assumed Debt Service for Local Share of Variable Costs: *                411      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

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