630300 GLENS FALLS CITY SCHOOL
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Amount Issued: 8,500,000 BLD
Date of Original Issuance: 04-Mar-97
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New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
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0001 014 2,665,988 0 374,904 2,291,084 15.5 41,322,814
0003 005 2,492,312 0 1,280,692 1,211,620 17.5 43,615,460
0005 004 982,010 0 0 982,010 15.0 14,730,150
0006 005 700,858 0 0 700,858 15.0 10,512,870
0007 004 1,654,860 0 807,819 847,041 17.5 28,960,050
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8,496,028 139,141,344
Blended Maximum Useful Life: 16.5
Original Term of Bond: 9.0
Selected Maximum Useful Life: 16.5
Period Prior to 1 July 2002: 5.0
Sel. Remaining Term for Amortization: 11.5
Principal Outstanding as of July 2002: 3,950,000
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 11.5 : 443,750
Bond Percent: 98.733%
Aidable Debt Service for Amortization Year 6 of 438,128
Additional Costs Attributable to Refinancing
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A. Total Amount of Refinancing Issued (SA-132A #7): 4,115,000
B. Bond Percent: 98.733%
C. Applicable Building Aid Ratio: 75.1%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 2,928,865
E. Amount of Original Principal Refinanced: (SA132-A # 4) 3,950,000
F. State Share Ratio: (D / E) 74.1%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 0
H. Total Variable Costs of Refinancing (SA132-A # 23): 92,847
I. State Share of Variable Costs Aided at 100%:( H * F) 68,800
J. Total Principal Added(A - E - G - H): 72,153
K. State Share of Additional Principal Aided at 100% (J * F): 53,465
L. Total Refinancing Costs Aided at 100% (G + I + K): 122,265
M. Local Share of Variable Costs Aided at State Share (H - I): 24,047
Assumed Aidable Debt Service for Refinancing
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Assumed Debt Service for Fixed Costs: 0
Assumed Debt Service for State Share of Variable Costs: 7,730
Assumed Debt Service for State Share of Additional Principal: 6,006
Assumed Debt Service for Local Share of Variable Costs: * 2,668
* After application of Bond Percent.
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End of Report
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