190301            CAIRO-DURHAM 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.                     
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 DEA Schedule F2, School      2003-04                                               
 Year:                                                                              
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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 Amount               40,000                                                        
                                                                                    
 Borrowing Date:   7/15/2002                                                        
                                                                                    
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 Bus  School NetCostApproved   Budget     DS       Amount     Borrowing             
 Num  Year            Cost     Approp   Principa   Borrowe                          
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 0116       31,500   31,500                                                         
                                                                                    
     2003-04                    0       4,000      40,000      7/15/2002            
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 0116  Total                    0       4,000                                       
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 0117       41,061   41,061                                                         
                                                                                    
     2003-04                    0       4,000      40,000      7/15/2002            
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 0117  Total                    0       4,000                                       
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              A        B        C         D                                         
            72,561   72,561     0       8,000   Grand  Totals                       
                                                                                    
A.Grand Total Net Cost:                                         72,561              
B.Grand Total Approved Cost:                                    72,561              
C.Grand Total Cash Paid:                                             0              
D.Grand Total Principal Paid:                                    8,000              
E.Total Aidable Cost: *                                          8,000              
F.Approved Remaining Principal(B-E):                            64,561              
G.Remaining Life:**                                                  2              
H.2006-07 Debt Service - Amortization Year 2 of  2: ***         33,244              
                                                                                    
                                                                                    
*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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