DISTRICT CODE:  200401                                     STATE AID    2006-07     
DISTRICT NAME:  INDIAN LAKE                                DATE:  DEC  17, 2013     
                                                           EDITION NO.     4251     
DISTRICT LAST UPDATED ON 12/16/13                                                   
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT                                     
                                                                                    
BUILDING FORMULA 3 AID OUTPUT REPORT(BLD3)                                          
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2006-07 AID                             
 ______________________________________________________                             
                                                                                    
 A.  CAPITAL OUTLAY EXPENSES                                                        
                                                                                    
      1. CAPITAL OUTLAY EXCEPTION EXPENSES                                          
                     (PROJECTS < 100001, EMERGENCY, SMALL CITY)                0    
      2. NOT USED                                                                   
                                                                                    
 B.  AIDABLE DEBT SERVICE EXPENSE FOR 2006-07 AID                                   
                                                                                    
      3. 2006-07 ASSUMED DEBT SERVICE: RETRO*                             14,768    
      4. 2006-07 ASSUMED DEBT SERVICE: RETRO, REORG INCENTIVE                       
         ELIGIBLE                                                              0    
      5. 2006-07 CONTINUING DEBT SERVICE FOR WAIVERED BOND                          
         ISSUES*                                                               0    
      6. 2006-07 CONTINUING DEBT SERVICE FOR WAIVERED BOND                          
         ISSUES, REORG INCENTIVE EIGIBLE                                       0    
      7. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE**                           0    
      8. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG                           
         INCENTIVE ELIGIBLE                                                    0    
      9. 2006-07 APPROVED DEBT SERVICE: DORMITORY AUTHORITY                         
         (SPECIAL ACT DISTRICTS ONLY)                                          0    
     10. 2006-07 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS                           
         INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE                        
         7/1/02                                                            2,857    
     11. 2006-07 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS                           
         INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE                        
         7/1/02, REORG INCENTIVE ELIGIBLE                                      0    
     12. TOTAL AIDABLE DEBT SERVICE FOR 06-07 AID                                   
                      (ENT 3 + ENT 5 + ENT 7 + ENT 9 + ENT 10)            17,625    
     13. TOTAL AIDABLE DEBT SERVICE FOR 06-07 AID, REORG                            
         INCENTIVE ELIGIBLE   (ENT 4 + ENT 6 + ENT 8 + ENT 11)                 0    
                                                                                    
 CLICK HERE FOR 0607 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 58 OF THE LAWS OF 2006, BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/05 AND INCLUDED IN THE ESTIMATES OF 2006-07 AID FOR THE ENACTED SA0607 COMPUTER RUN DATED 3/31/06, ARE ELIGIBLE FOR AID IN 2006-07. FOR PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/05 BUT WITHOUT NOTIFICATION OF A SIGNED CONTRACT ON FILE WITH THE DEPARTMENT BY THE FEBRUARY 2006 DATABASE WILL BE FIRST ELIGIBLE FOR AID IN 2007-08. CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
C. LOW WEALTH SCHOOL DISTRICTS 14. 2006-07 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING PROJECTS* 0 D. AIDABLE EXPENSE ASSOCIATED WITH THE COST OF REFINANCING EXISTING DEBT WITH PRINCIPAL OUTSTANDING AS OF 6/30/02 15. 2006-07 ASSUMED DEBT SERVICE FOR FIXED COST OF REFINANCING 0 16. 2006-07 ASSUMED DEBT SERVICE FOR STATE SHARE OF VARIABLE COSTS 0 17. 2006-07 ASSUMED DEBT SERVICE FOR STATE SHARE OF ADDITIONAL PRINCIPAL 0 18. TOTAL ASSUMED DEBT SERVICE FOR STATE SHARE OF THE BONDED COSTS OF REFINANCING (100% REIMBURSED) (ENT 15 + ENT 16 + ENT 17) 0 19. 2006-07 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING 0 20. 2006-07 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING, REORG INCENTIVE ELIGIBLE 0 21. 2005-06 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
E. 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. 22. 2006-07 LEASE EXPENSE - NOT 10% ELIGIBLE 0 23. 2006-07 LEASE EXPENSE - 10% ELIGIBLE 0 24. 2006-07 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE NOT 10% ELIGIBLE 0 25. 2006-07 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE 10% ELIGIBLE 0 F. METAL DETECTORS AND OTHER SECURITY DEVICES EXPENSE 26. 2005-06 APPROVED EXPENDITURES FOR METAL DETECTORS AND OTHER SECURITY AND SAFETY DEVICES 0 *BUILDING EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING PROJECTS APPROVED AFTER 6/30/2000 AND BEFORE 7/1/2004, THE DISTRICT PUPIL WEALTH RATIO IS GREATER THAN 2.5 IN THE SCHOOL YEAR IN WHICH THE PROJECT WAS APPROVED AND THE DISTRICT ALTERNATE PUPIL WEALTH RATIO IS LESS THAN .85. PART II: CALCULATION OF 2006-07 BUILDING AID ____________________________________________ 27. SELECTED 1999-00 BLDG AID RATIO MINUS 10% 0.000 28. 2006-07 RWADA AID RATIO 0.000 29. REVISED SELECTED 2006-07 BLDG AID RATIO (GREATER OF ENT 27 OR 28, MAX .950) 0.000 30. BLDG AID RATIO FOR LOW WEALTH AID ELIGIBLE DISTRICTS 0.000 31. NOT USED 32. 2006-07 BLD3 REVISED SELECTED BUILDING AID RATIO ENHANCED BY 10% INCENTIVE (MAX .950) 0.100 33. 2006-07 BLD3 10% INCENTIVE DECIMAL (ENT 32 - ENT 29) 0.100 34. AID RATIO AID FOR ASSUMED DEBT SERVICE: RETRO (ENT 3 * ENT 29) 0 35. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE: RETRO (ENT 3 * ENT 33) 1,477 36. AID RATIO AID FOR DEBT SERVICE ON WAIVERED BOND ISSUES (ENT 5 * ENT 29) 0 37. 10% INCENTIVE AID FOR DEBT SERVICE ON WAIVERED BOND ISSUES (ENT 5 * ENT 33) 0 38. AID RATIO AID BLDG AID FOR ASSUMED DEBT SERVICE: PROSPECTIVE ((ENT 7 - ENT 14) * ENT 29) 0 39. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE: PROSPECTIVE (ENT 7 * ENT 33) 0 40. AID RATIO AID FOR DEBT SERVICE: DORMITORY AUTHORITY (SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 29) 0 41. 10% INCENTIVE AID FOR DEBT SERVICE: DORMITORY AUTHORITY (SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 33) 0 42. BLDG AID FOR THE STATE SHARE OF TOTAL BONDED REFINANCING COSTS (100% REIMBURSED) (ENT 18) 0 43. AID RATIO AID FOR THE LOCAL SHARE OF BONDED VARIABLE REFINANCING COSTS (ENT 19 * ENT 29) 0 44. 10% INCENTIVE AID FOR THE LOCAL SHARE OF BONDED VARIABLE REFINANCING COSTS (ENT 19 * ENT 33) 0 45. BLDG AID FOR COSTS OF REFINANCING NOT PAID FROM THE PROCEEDS OF REFUNDING BONDS (100% REIMBURSED)(ENT 21) 0 46. AID RATIO AID FOR LEASE EXPENSE ((ENT 22 + ENT 23) * ENT 29) 0 47. BLDG AID FOR LEASE EXPENSE ELIGIBLE FOR 10% INCENTIVE (ENT 23 * ENT 33) 0 48. AID RATIO AID FOR ASSUMED AMORTIZATION CAPITAL OUTLAYS (ENT 10 * ENT 29) 0 49. 10% INCENTIVE AID FOR ASSUMED AMORTIZATION CAPITAL OULAYS (ENT 10 * ENT 33) 285 50. AID RATIO AID FOR CAPITAL OUTLAY EXCEPTIONS (ENT 1 * ENT 29) 0 51. 10% INCENTIVE AID FOR CAPITAL OUTLAY EXCEPTIONS (ENT 1 * ENT 33) 0 52. BLDG AID FOR METAL DETECTORS AND OTHER SECURITY AND SAFETY DEVICES (ENT 26 * ENT 28) 0 53. ADDITIONAL BLDG AID FOR LOW WEALTH SCHOOL DISTRICTS (ENT 14 * ENT 30) 0 54. TOTAL REGULAR BUILDING AID: AID RATIO AID AND 100% REIMBURSABLE(ENTRIES 34+36+38+40+42+43+45+46+48+50+52+53) 0 55. TOTAL REGULAR BUILDING AID: 10% INCENTIVE (ENTRIES 35 + 37 + 39 + 41 + 44 + 47 + 49 + 51) 1,762 56. TOTAL REGULAR BUILDING AID INCLUDING 10% INCENTIVE (ENT 54 + ENT 55) 1,762 PART III. CALCULATION OF 2006-07 REORGANIZATION INCENTIVE BUILDING __________________________________________________________________ AID ___ 57. TOTAL BUILDING EXPENSE REORGANIZATION INCENTIVE ELIGIBLE (ENT 13 + ENT 20 + ENT 24 + ENT 25) 0 58. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE (ENT 57 * ENT 32) 0 59. REORGANIZATION INCENTIVE DECIMAL (.25 OR .30) 0.00 60. UNCAPPED REORGANIZATION INCENTIVE AID (ENTS 58 * 59) 0 61. 95% OF THE TOTAL BUILDING EXPENSE ELIGIBLE FOR REORGANIZATION INCENTIVE (ENT 57 * 0.95) 0 62. MAXIMUM REORGANIZATION INCENTIVE AID(ENT 61 - ENT 58) 0 63. REORGANIZATION INCENTIVE BUILDING AID (LSR ENT 60 OR ENT 62) 0 PART IV: NATIVE AMERICAN BUILDING AID PAYABLE DURING 2006-07 ______________________________________________________________ 64. NATIVE AMERICAN BUILDING AID 0

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