070901            HORSEHEADS CSD                                               
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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.                     
_________________________________________________________________________           
 DEA Schedule F2, School      2003-04                                               
 Year:                                                                              
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
_________________________________________________________________________           
 Amount              506,482                                                        
                                                                                    
 Borrowing Date:   9/13/2002                                                        
                                                                                    
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 Bus  School NetCostApproved   Budget     DS       Amount     Borrowing             
 Num  Year            Cost     Approp   Principa   Borrowe                          
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 0331       62,880   62,880                                                         
                                                                                    
     2003-04                    0       16,377     64,560      9/13/2002            
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 0331  Total                    0       16,377                                      
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 0332       62,880   62,880                                                         
                                                                                    
     2003-04                    0       16,377     64,560      9/13/2002            
_________________________________________________________________________           
 0332  Total                    0       16,377                                      
_________________________________________________________________________           
 0333       62,880   62,880                                                         
                                                                                    
     2003-04                    0       16,377     64,560      9/13/2002            
_________________________________________________________________________           
 0333  Total                    0       16,377                                      
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 0334       63,880   63,880                                                         
                                                                                    
     2003-04                    0       16,377     64,560      9/13/2002            
_________________________________________________________________________           
 0334  Total                    0       16,377                                      
_________________________________________________________________________           
 0335       63,880   63,880                                                         
                                                                                    
     2003-04                    0       16,378     64,559      9/13/2002            
_________________________________________________________________________           
 0335  Total                    0       16,378                                      
_________________________________________________________________________           
 0336       63,880   63,880                                                         
                                                                                    
     2003-04                    0       16,378     64,559      9/13/2002            
_________________________________________________________________________           
 0336  Total                    0       16,378                                      
_________________________________________________________________________           
 0337       63,101   63,101                                                         
                                                                                    
     2003-04                    0       15,109     59,562      9/13/2002            
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 0337  Total                    0       15,109                                      
_________________________________________________________________________           
 0338       63,101   63,101                                                         
                                                                                    
     2003-04                    0       15,109     59,562      9/13/2002            
_________________________________________________________________________           
 0338  Total                    0       15,109                                      
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              A        B        C         D                                         
           506,482  506,482     0      128,482  Grand  Totals                       
                                                                                    
A.Grand Total Net Cost:                                        506,482              
B.Grand Total Approved Cost:                                   506,482              
C.Grand Total Cash Paid:                                             0              
D.Grand Total Principal Paid:                                  128,482              
E.Total Aidable Cost: *                                        128,482              
F.Approved Remaining Principal(B-E):                           378,000              
G.Remaining Life:**                                                  2              
H.2006-07 Debt Service - Amortization Year 2 of  2: ***         194,644             
                                                                                    
                                                                                    
*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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