DISTRICT CODE: 580507 STATE AID 2003-04
DISTRICT NAME: CONNETQUOT DATE: FEB 27, 2008
EDITION NO. 3168
DISTRICT LAST UPDATED ON 02/26/08
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT
BUILDING FORMULA 10% AID OUTPUT REPORT(BLD10)
PART I: AIDABLE BUILDING AID EXPENSES FOR 2003-04 AID
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A. CAPITAL OUTLAY EXPENSES
(SEE SA-CAP OUTPUT REPORT FOR 2003-04 EXCESS CAPITAL
OUTLAY TRANSITION GRANTS FOR 2001-02 CAPITAL EXPENSE)
1. CAPITAL OUTLAY EXCEPTION EXPENSES
(PROJECTS < 100001, EMERGENCY, SMALL CITY) 0
2. NOT USED
B. AIDABLE DEBT SERVICE EXPENSE FOR 2003-04 AID
3. 2003-04 ASSUMED DEBT SERVICE: RETRO* 2,339,227
4. 2003-04 ASSUMED DEBT SERVICE: RETRO, REORG INCENTIVE
ELIGIBLE 0
5. 2003-04 CONTINUING DEBT SERVICE FOR WAIVERED BOND
ISSUES* 0
6. 2003-04 CONTINUING DEBT SERVICE FOR WAIVERED BOND
ISSUES, REORG INCENTIVE EIGIBLE 0
7. 2003-04 ASSUMED DEBT SERVICE: PROSPECTIVE** 0
8. 2003-04 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG
INCENTIVE ELIGIBLE 0
9. 2003-04 APPROVED DEBT SERVICE: DORMITORY AUTHORITY
(SPECIAL ACT DISTRICTS ONLY) 0
10. TOTAL AIDABLE DEBT SERVICE FOR 03-04 AID
(ENT 3 + ENT 5 + ENT 7 + ENT 9) 2,339,227
11. TOTAL AIDABLE DEBT SERVICE FOR 03-04 AID, REORG
INCENTIVE ELIGIBLE (ENT 4 + ENT 6 + ENT 8) 0
*PURSUANT TO CHAPTER 383 OF THE LAWS OF 2001, ASSUMED DEBT
SERVICE FOR PROJECTS APPROVED BY 12/1/01 WITH OUTSTANDING
PRINCIPAL AS OF 7/1/02.
CLICK HERE FOR BOND LEVEL INFORMATION
**PURSUANT TO CHAPTER 383 OF THE LAWS OF 2001, ASSUMED DEBT
SERVICE FOR PROJECTS APPROVED ON OR AFTER 12/1/01, OR WITH
OBLIGATIONS FIRST ISSUED ON OR AFTER 12/1/01.
PURSUANT TO CHAPTER 62 OF THE LAWS OF 2003, BUILDING PROJECTS WITH
COMMISSIONER APPROVAL BY 12/31/02 AND INCLUDED IN THE ESTIMATES
OF 2003-04 AID FOR THE FEBRUARY 15, 2003 SA0304 DATABASE, CL015-A
COMPUTER RUN DATED 2/15/03, ARE ELIGIBLE FOR AID IN 2003-04.
PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/02 AND SIGNED
CONTRACTS ON FILE AFTER THE FEBRUARY 15, 2003 STATE AID DATABASE
WILL BE FIRST ELIGIBLE FOR AID IN 2004-05.
CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
C. AIDABLE EXPENSE ASSOCIATED WITH THE COST OF REFINANCING EXISTING
DEBT WITH PRINCIPAL OUTSTANDING AS OF 6/30/02
12. 2003-04 ASSUMED DEBT SERVICE FOR FIXED COST OF
REFINANCING 0
13. 2003-04 ASSUMED DEBT SERVICE FOR STATE SHARE OF
VARIABLE COSTS 0
14. 2003-04 ASSUMED DEBT SERVICE FOR STATE SHARE OF
ADDITIONAL PRINCIPAL 0
15. TOTAL ASSUMED DEBT SERVICE FOR STATE SHARE OF THE
BONDED COSTS OF REFINANCING (100% REIMBURSED)
(ENT 12 + ENT 13 + ENT 14) 0
16. 2003-04 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE
VARIABLE COSTS OF REFINANCING 0
17. 2003-04 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE
VARIABLE COSTS OF REFINANCING, REORG INCENTIVE
ELIGIBLE 0
18. 2002-03 TOTAL FEES AND CHARGES NOT PAID FROM THE
PROCEEDS OF REFUNDING BONDS
(E.G., PAID FROM CASH OUTLAY) (100% REIMBURSED) 0
CLICK HERE FOR BOND LEVEL INFORMATION
D. LEASE EXPENSE
NOTE: LEASES APPROVED ON OR AFTER 7/1/98 ARE ONLY ELIGIBLE
FOR THE 10% INCENTIVE IF THEY ARE FOR A TERM OF MORE THAN
5 YEARS.
19. 2003-04 LEASE EXPENSE - NOT 10% ELIGIBLE 0
20. 2003-04 LEASE EXPENSE - 10% ELIGIBLE 0
21. 2003-04 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
NOT 10% ELIGIBLE 0
22. 2003-04 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
10% ELIGIBLE 0
PART II: CALCULATION OF 2003-04 BUILDING AID
____________________________________________
23. 2003-04 BUILDING AID RATIO 0.396
24. 2002-03 SELECTED BUILDING AID RATIO 0.676
25. SELECTED 2003-04 BUILDING AID RATIO 0.676
26. 2003-04 ENHANCED AID RATIO
(LESSER OF ENT 25 + .100 OR .950) 0.776
27. 2003-04 10% INCENTIVE DECIMAL (ENT 26 - ENT 25) 0.100
28. AID RATIO AID FOR ASSUMED DEBT SERVICE: RETRO
(ENT 3 * ENT 25) 1,581,318
29. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE: RETRO
(ENT 3 * ENT 27) 233,923
30. AID RATIO AID FOR DEBT SERVICE ON WAIVERED BOND
ISSUES (ENT 5 * ENT 25) 0
31. 10% INCENTIVE AID FOR DEBT SERVICE ON WAIVERED BOND
ISSUES (ENT 5 * ENT 27) 0
32. AID RATIO AID BLDG AID FOR ASSUMED DEBT SERVICE:
PROSPECTIVE (ENT 7 * ENT 25) 0
33. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE:
PROSPECTIVE (ENT 7 * ENT 27) 0
34. AID RATIO AID FOR DEBT SERVICE: DORMITORY AUTHORITY
(SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 25) 0
35. 10% INCENTIVE AID FOR DEBT SERVICE: DORMITORY AUTHORITY
(SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 27) 0
36. BLDG AID FOR THE STATE SHARE OF TOTAL BONDED
REFINANCING COSTS (100% REIMBURSED) (ENT 15) 0
37. AID RATIO AID FOR THE LOCAL SHARE OF BONDED VARIABLE
REFINANCING COSTS (ENT 16 * ENT 25) 0
38. 10% INCENTIVE AID FOR THE LOCAL SHARE OF BONDED
VARIABLE REFINANCING COSTS (ENT 16 * ENT 27) 0
39. BLDG AID FOR COSTS OF REFINANCING NOT PAID FROM THE
PROCEEDS OF REFUNDING BONDS (100% REIMBURSED)(ENT 18) 0
40. AID RATIO AID FOR LEASE EXPENSE
((ENT 19 + ENT 20) * ENT 25) 0
41. BLDG AID FOR LEASE EXPENSE ELIGIBLE FOR 10% INCENTIVE
(ENT 20 * ENT 27) 0
42. AID RATIO AID FOR CAPITAL OUTLAY EXCEPTIONS
(ENT 1 * ENT 25) 0
43. 10% INCENTIVE AID FOR CAPITAL OUTLAY EXCEPTIONS
(ENT 1 * ENT 27) 0
44. TOTAL REGULAR BUILDING AID: AID RATIO AID AND 100%
REIMBURSABLE (ENTRIES 28+30+32+34+36+37+39+40+42) 1,581,318
45. TOTAL REGULAR BUILDING AID: 10% INCENTIVE
(ENTRIES 29 + 31 + 33 + 35 + 38 + 41 + 43) 233,923
46. TOTAL REGULAR BUILDING AID INCLUDING 10% INCENTIVE
(ENT 44 + ENT 45) 1,815,241
PART III. CALCULATION OF 2003-04 REORGANIZATION INCENTIVE BUILDING
__________________________________________________________________
AID
___
47. TOTAL BUILDING EXPENSE REORGANIZATION INCENTIVE
ELIGIBLE (ENT 11 + ENT 17 + ENT 21 + ENT 22) 0
48. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE
(ENT 47 * ENT 26) 0
49. REORGANIZATION INCENTIVE DECIMAL (.25 OR .30) 0.00
50. UNCAPPED REORGANIZATION INCENTIVE AID (ENTS 48 * 49) 0
51. 95% OF THE TOTAL BUILDING EXPENSE ELIGIBLE FOR
REORGANIZATION INCENTIVE (ENT 47 * 0.95) 0
52. MAXIMUM REORGANIZATION INCENTIVE AID(ENT 51 - ENT 48) 0
53. REORGANIZATION INCENTIVE BUILDING AID
(LSR ENT 50 OR ENT 52) 0
PART IV: NATIVE AMERICAN BUILDING AID PAYABLE DURING 2003-04
______________________________________________________________
54. NATIVE AMERICAN BUILDING AID 0
PART V: SPECIAL LEGISLATION
_____________________________
55. APPROVED DEBT SERVICE EXPENSE [10 315] 0
56. SPECIAL AID RATIO CALCULATION 0.000
57. SPECIAL LEGISLATON AID 0
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