050100            AUBURN CITY SD                                               
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     REPORT OF SCHEDULE F1 BUS PAYMENTS ASSOCIATED WITH                             
     SCHEDULE F2 BUS BORROWINGS ON FILE WITH SED AS OF 11/1/04.                     
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 DEA Schedule F2, School      2002-03                                               
 Year:                                                                              
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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 Amount              131,798                                                        
                                                                                    
 Borrowing Date:   6/28/2002                                                        
                                                                                    
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 Bus  School NetCostApproved   Budget     DS       Amount     Borrowing             
 Num  Year            Cost     Approp   Principa   Borrowe                          
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 0055       65,069   65,069                                                         
                                                                                    
     2002-03                    0       10,761    131,798      6/28/2002            
                                                                                    
     2003-04                    0       12,343    131,798      6/28/2002            
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 0055  Total                    0       23,104                                      
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 0056       66,729   66,729                                                         
                                                                                    
     2002-03                    0       11,037    131,798      6/28/2002            
                                                                                    
     2003-04                    0       12,657    131,798      6/28/2002            
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 0056  Total                    0       23,694                                      
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              A        B        C         D                                         
           131,798  131,798     0       46,798  Grand  Totals                       
                                                                                    
A.Grand Total Net Cost:                                        131,798              
B.Grand Total Approved Cost:                                   131,798              
C.Grand Total Cash Paid:                                             0              
D.Grand Total Principal Paid:                                   46,798              
E.Total Aidable Cost: *                                         46,798              
F.Approved Remaining Principal(B-E):                            85,000              
G.Remaining Life:**                                                  2              
H.2006-07 Debt Service - Amortization Year 2 of  2: ***         43,770              
                                                                                    
                                                                                    
*Click here to see how Total Aided Cost is calculated.                         
                                                                                    
**Remaining Life is the number of years determined by subtracting the               
  difference between 7/01/2005 and the borrowing date from five years.              
  For borrowings with approved remaining principal greater than zero but            
  which calculate a remaining life <= zero, a  remaining life of 1 year             
  and two assumed payments will be assigned.                                        
                                                                                    
***Debt service is calculated using a 2.375 percent statewide interest rate.        
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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