DISTRICT CODE: 541102 STATE AID 2005-06
DISTRICT NAME: COBLESKL-RICHM DATE: OCT 24, 2009
EDITION NO. 3663
DISTRICT LAST UPDATED ON 10/23/09
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT
BUILDING FORMULA 10% AID OUTPUT REPORT(BLD10)
PART I: AIDABLE BUILDING AID EXPENSES FOR 2005-06 AID
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A. CAPITAL OUTLAY EXPENSES
1. CAPITAL OUTLAY EXCEPTION EXPENSES
(PROJECTS < 100001, EMERGENCY, SMALL CITY) 0
2. NOT USED
B. AIDABLE DEBT SERVICE EXPENSE FOR 2005-06 AID
3. 2005-06 ASSUMED DEBT SERVICE: RETRO* 358,094
4. 2005-06 ASSUMED DEBT SERVICE: RETRO, REORG INCENTIVE
ELIGIBLE 358,094
5. 2005-06 CONTINUING DEBT SERVICE FOR WAIVERED BOND
ISSUES* 0
6. 2005-06 CONTINUING DEBT SERVICE FOR WAIVERED BOND
ISSUES, REORG INCENTIVE EIGIBLE 0
7. 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE** 0
8. 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG
INCENTIVE ELIGIBLE 0
9. 2005-06 APPROVED DEBT SERVICE: DORMITORY AUTHORITY
(SPECIAL ACT DISTRICTS ONLY) 0
10. 2005-06 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS
INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE
7/1/02 109
11. 2005-06 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS
INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE
7/1/02, REORG INCENTIVE ELIGIBLE 109
12. TOTAL AIDABLE DEBT SERVICE FOR 05-06 AID
(ENT 3 + ENT 5 + ENT 7 + ENT 9 + ENT 10) 358,203
13. TOTAL AIDABLE DEBT SERVICE FOR 05-06 AID, REORG
INCENTIVE ELIGIBLE (ENT 4 + ENT 6 + ENT 8 + ENT 11) 358,203
CLICK HERE FOR 0506 ASSUMED AMORTIZATION CAPITAL OUTLAY DETAILS
*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.
**PURSUANT TO CHAPTER 57 OF THE LAWS OF 2005, BUILDING PROJECTS WITH
COMMISSIONER APPROVAL BY 12/31/04 AND INCLUDED IN THE ESITMATES OF
2005-06 AID FOR THE ENACTED SA0506 COMPUTER RUN DATED 3/30/05, ARE
ELIGIBLE FOR AID IN 2005-06. FOR PROJECTS WITH COMMISSIONER
APPROVAL BY 12/31/04 BUT WITHOUT NOTIFICATION OF A SIGNED CONTRACT
ON FILE WITH THE DEPARTMENT BY THE FEBRUARY 2005 DATABASE WILL BE
FIRST ELIGIBLE FOR AID IN 2006-07.
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
14. 2005-06 ASSUMED DEBT SERVICE FOR FIXED COST OF
REFINANCING 762
15. 2005-06 ASSUMED DEBT SERVICE FOR STATE SHARE OF
VARIABLE COSTS 3,698
16. 2005-06 ASSUMED DEBT SERVICE FOR STATE SHARE OF
ADDITIONAL PRINCIPAL 8,958
17. TOTAL ASSUMED DEBT SERVICE FOR STATE SHARE OF THE
BONDED COSTS OF REFINANCING (100% REIMBURSED)
(ENT 14 + ENT 15 + ENT 16) 13,418
18. 2005-06 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE
VARIABLE COSTS OF REFINANCING 488
19. 2005-06 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE
VARIABLE COSTS OF REFINANCING, REORG INCENTIVE
ELIGIBLE 488
20. 2004-05 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.
21. 2005-06 LEASE EXPENSE - NOT 10% ELIGIBLE 0
22. 2005-06 LEASE EXPENSE - 10% ELIGIBLE 0
23. 2005-06 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
NOT 10% ELIGIBLE 0
24. 2005-06 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE
10% ELIGIBLE 0
PART II: CALCULATION OF 2005-06 BUILDING AID
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25. 2005-06 BUILDING AID RATIO 0.727
26. 2004-05 SELECTED BUILDING AID RATIO 0.825
27. SELECTED 2005-06 BUILDING AID RATIO 0.825
28. 2005-06 ENHANCED AID RATIO
(LESSER OF ENT 27 + .100 OR .950) 0.925
29. 2005-06 10% INCENTIVE DECIMAL (ENT 28 - ENT 27) 0.100
30. AID RATIO AID FOR ASSUMED DEBT SERVICE: RETRO
(ENT 3 * ENT 27) 295,428
31. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE: RETRO
(ENT 3 * ENT 29) 35,810
32. AID RATIO AID FOR DEBT SERVICE ON WAIVERED BOND
ISSUES (ENT 5 * ENT 27) 0
33. 10% INCENTIVE AID FOR DEBT SERVICE ON WAIVERED BOND
ISSUES (ENT 5 * ENT 29) 0
34. AID RATIO AID BLDG AID FOR ASSUMED DEBT SERVICE:
PROSPECTIVE (ENT 7 * ENT 27) 0
35. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE:
PROSPECTIVE (ENT 7 * ENT 29) 0
36. AID RATIO AID FOR DEBT SERVICE: DORMITORY AUTHORITY
(SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 27) 0
37. 10% INCENTIVE AID FOR DEBT SERVICE: DORMITORY AUTHORITY
(SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 29) 0
38. BLDG AID FOR THE STATE SHARE OF TOTAL BONDED
REFINANCING COSTS (100% REIMBURSED) (ENT 17) 13,418
39. AID RATIO AID FOR THE LOCAL SHARE OF BONDED VARIABLE
REFINANCING COSTS (ENT 18 * ENT 27) 403
40. 10% INCENTIVE AID FOR THE LOCAL SHARE OF BONDED
VARIABLE REFINANCING COSTS (ENT 18 * ENT 29) 49
41. BLDG AID FOR COSTS OF REFINANCING NOT PAID FROM THE
PROCEEDS OF REFUNDING BONDS (100% REIMBURSED)(ENT 20) 0
42. AID RATIO AID FOR LEASE EXPENSE
((ENT 21 + ENT 22) * ENT 27) 0
43. BLDG AID FOR LEASE EXPENSE ELIGIBLE FOR 10% INCENTIVE
(ENT 22 * ENT 29) 0
44. AID RATIO AID FOR ASSUMED AMORTIZATION CAPITAL
OUTLAYS (ENT 10 * ENT 27) 89
45. 10% INCENTIVE AID FOR ASSUMED AMORTIZATION CAPITAL
OUTLAYS (ENT 10 * ENT 29) 10
46. AID RATIO AID FOR CAPITAL OUTLAY EXCEPTIONS
(ENT 1 * ENT 27) 0
47. 10% INCENTIVE AID FOR CAPITAL OUTLAY EXCEPTIONS
(ENT 1 * ENT 29) 0
48. TOTAL REGULAR BUILDING AID: AID RATIO AID AND 100%
REIMBURSABLE (ENTRIES 30+32+34+36+38+39+41+42+44+46) 309,338
49. TOTAL REGULAR BUILDING AID: 10% INCENTIVE
(ENTRIES 31 + 33 + 35 + 37 + 40 + 43 + 45 + 47) 35,869
50. TOTAL REGULAR BUILDING AID INCLUDING 10% INCENTIVE
(ENT 48 + ENT 49) 345,207
PART III. CALCULATION OF 2005-06 REORGANIZATION INCENTIVE BUILDING
__________________________________________________________________
AID
___
51. TOTAL BUILDING EXPENSE REORGANIZATION INCENTIVE
ELIGIBLE (ENT 13 + ENT 19 + ENT 23 + ENT 24) 358,691
52. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE
(ENT 51 * ENT 28) 331,789
53. REORGANIZATION INCENTIVE DECIMAL (.25 OR .30) 0.30
54. UNCAPPED REORGANIZATION INCENTIVE AID (ENTS 52 * 53) 99,536
55. 95% OF THE TOTAL BUILDING EXPENSE ELIGIBLE FOR
REORGANIZATION INCENTIVE (ENT 51 * 0.95) 340,756
56. MAXIMUM REORGANIZATION INCENTIVE AID(ENT 55 - ENT 52) 8,967
57. REORGANIZATION INCENTIVE BUILDING AID
(LSR ENT 54 OR ENT 56) 8,967
PART IV: NATIVE AMERICAN BUILDING AID PAYABLE DURING 2005-06
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58. NATIVE AMERICAN BUILDING AID 0
PART V: SPECIAL LEGISLATION
_____________________________
59. APPROVED DEBT SERVICE EXPENSE [13 305] 0
60. SPECIAL AID RATIO CALCULATION 0.000
61. SPECIAL LEGISLATON AID 0
PLEASE NOTE:
THE INFORMATION PRESENTED ON THIS OUTPUT REPORT PRESENTS THE COMBINED IMPACT
OF THE FORMULAS GOVERNING THE SPECIFIED AID CATEGORIES, AS SET FORTH IN BOTH
THE APPROPRIATIONS PROPOSED BY THE EXECUTIVE AND ENACTED BY THE LEGISLATURE
AND THE ADDITIONAL APPROPRIATIONS ENACTED AS PART OF THE 2005-06 STATE BUDGET.
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