621601 SAUGERTIES CSD                                                          
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      7,000,000   BLD                                    
 Date of Original Issuance:     02-Dec-92                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0005  004      413,740           0          0     413,740  15.0   6,206,100        
 0005  005    2,194,503           0  2,194,503           0  20.0  43,890,060        
 0005  006      279,359           0          0     279,359  15.0   4,190,385        
 0005  008      745,568           0          0     745,568  15.0  11,183,520        
___________________________________________________________________________         
              3,633,170                                           65,470,065        
                                                                                    
                       Blended Maximum Useful Life:         18.0                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          9.0                    
              Sel. Remaining Term for Amortization:         11.0                    
             Principal Outstanding as of July 2002:    4,450,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 11 :      517,342                    
                                      Bond Percent:      87.709%                    
 Aidable Debt Service for Amortization Year 6 of 11      453,755                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                4,400,000      
  B. Bond Percent:                                                     87.709%      
  C. Applicable Building Aid Ratio:                                      66.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      2,576,013      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          4,100,000      
  F. State Share Ratio: (D / E)                                          62.8%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    12,155      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               101,824      
  I. State Share of Variable Costs Aided at 100%:( H * F)               63,945      
  J. Total Principal Added(A - E - G - H):                             186,021      
  K. State Share of Additional Principal Aided at 100% (J * F):        116,821      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                192,922      
  M. Local Share of Variable Costs Aided at State Share (H - I):        37,879      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                  1,414      
  Assumed Debt Service for State Share of Variable Costs:                7,434      
  Assumed Debt Service for State Share of Additional Principal:         13,582      
  Assumed Debt Service for Local Share of Variable Costs: *              3,863      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      1,400,000   BLD                                    
 Date of Original Issuance:     05-Dec-95                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0005  009    1,553,131           0          0   1,553,131  15.0  23,296,965        
___________________________________________________________________________         
              1,553,131                                           23,296,965        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         11.0                    
                      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:      630,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 9 :       85,904                    
                                      Bond Percent:      87.709%                    
 Aidable Debt Service for Amortization Year 6 of 9        75,346                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                  695,000      
  B. Bond Percent:                                                     87.709%      
  C. Applicable Building Aid Ratio:                                      66.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        364,694      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            630,000      
  F. State Share Ratio: (D / E)                                          57.8%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     1,920      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                20,393      
  I. State Share of Variable Costs Aided at 100%:( H * F)               11,787      
  J. Total Principal Added(A - E - G - H):                              42,687      
  K. State Share of Additional Principal Aided at 100% (J * F):         24,673      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 38,380      
  M. Local Share of Variable Costs Aided at State Share (H - I):         8,606      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    262      
  Assumed Debt Service for State Share of Variable Costs:                1,608      
  Assumed Debt Service for State Share of Additional Principal:          3,364      
  Assumed Debt Service for Local Share of Variable Costs: *              1,030      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

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