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 ARE PROJECTED EXPENSES FOR 07-08 AID                           
                                                                                    
BUILDING AID OUTPUT REPORT (BLD3-EST)                                    PAGE 1     
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2007-08 AID                             
 ______________________________________________________                             
                                                                                    
 A.  CAPITAL OUTLAY EXPENSES                                                        
                                                                                    
      1. 2006-07 CAPITAL EXPENSE: AIDABLE AS EXCEPTIONS TO                          
         AMORTIZATION OF AID ON CAPITAL EXPENSE                             0       
      2. NOT USED                                                                   
                                                                                    
 B.  AIDABLE DEBT SERVICE EXPENSE FOR 2007-08 AID                                   
                                                                                    
      3. 2007-08 ASSUMED DEBT SERVICE: RETRO*                          14,768       
      4. 2007-08 ASSUMED DEBT SERVICE: RETRO, REORG INCENTIVE                       
         ELIGIBLE                                                           0       
      5. 2007-08 CONTINUING DEBT SERVICE FOR WAIVERED BOND                          
         ISSUES*                                                            0       
      6. 2007-08 CONTINUING DEBT SERVICE FOR WAIVERED BOND                          
         ISSUES, REORG INCENTIVE EIGIBLE                                    0       
      7. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE**                        0       
      8. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG                           
         INCENTIVE ELIGIBLE                                                 0       
      9. 2007-08 APPROVED DEBT SERVICE: DORMITORY AUTHORITY                         
         (SPECIAL ACT DISTRICTS ONLY)                                       0       
     10. 2007-08 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS                           
         INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE                        
         7/1/02                                                         2,857       
     11. 2007-08 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS                           
         INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE                        
         7/1/02, REORG INCENTIVE ELIGIBLE                                   0       
     12. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2007-08 AID PAYMENT IN JULY 2007***                    0       
     13. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2007-08 AID PAYMENT IN JULY 2007, REORG                        
         INCENTIVE ELIGIBLE                                                 0       
     14. 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2007-08 AID PAYMENT IN JULY 2007****                   0       
     15. 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2007-08 AID PAYMENT IN JULY 2007, REORG                        
         INCENTIVE ELIGIBLE                                                 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. 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. PLEASE NOTE THAT THE 2007-08 ASSUMED DEBT SERVICE PROSPECTIVE AMOUNTS INCLUDE PROJECTS APPROVED PRIOR TO JANUARY 1, 2007 WITHOUT NOTIFICATION OF SIGNED CONSTRUCTION CONTRACTS TO SED. THIS ALLOWS THE 2007-08 BUILDING AID PROJECTIONS TO INCLUDE ALL THE PROJECTS THAT MIGHT POTENTIALLY GENERATE 2007-08 DEBT SERVICE PAYMENTS. THE INITIAL DEBT SERVICE PAYMENT FOR THESE PROJECTS WITHOUT SIGNED CONTRACTS WAS ASSUMED TO OCCUR 18 MONTHS AFTER THE COMMISSIONER'S APPROVAL DATE. THEREFORE, THE CURRENT PROJECTION METHOD ASSUMES THAT THE CONTRACTS FOR ALL PROJECTS DESCRIBED ABOVE HAVE ALREADY BEEN SIGNED OR WILL BE SIGNED BY JUNE 30, 2008. HOWEVER, PER THE ENACTED 2007-08 STATE BUDGET, ONLY PROSPECTIVE BUILDING PROJECTS FOR WHICH SED NOTIFICATION OF SIGNED CONTRACTS WAS ON FILE BY THE NOVEMBER 2006 DATABASE WILL BE ELIGIBLE FOR AN INITIAL AID PAYMENT IN THE 2007-08 AID YEAR. CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
***PURSUANT TO CHAPTER 58 OF THE LAWS OF 2006 REGARDING THE 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2007-08 AID PAYMENT IN JULY 2007 ARE EXPENSES FOR BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/05 AND NOTIFICATION OF A SIGNED CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER 2/15/06. HOWEVER, PER THE ENACTED 2007-08 STATE BUDGET, ONLY PROSPECTIVE BUILDING PROJECTS FOR WHICH SED NOTIFICATION OF SIGNED CONTRACTS WAS ON FILE BY THE NOVEMBER 2006 DATABASE WILL BE ELIGIBLE FOR AN INITIAL AID PAYMENT IN THE 2007-08 AID YEAR. PROJECTS ELIGIBLE FOR THE DEFERRED PAYMENT WITH SIGNED CONTRACTS ON FILE BY THE NOVEMBER 2006 DATABASE WILL RECEIVE A PAYMENT IN JULY 2007. ****PURSUANT TO CHAPTER 58 OF THE LAWS OF 2006 REGARDING THE 2005-06 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2007-08 AID PAYMENT IN JULY 2007 ARE EXPENSES FOR BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/04 AND NOTIFICATION OF A SIGNED CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER 2/15/06 AND BEFORE 7/1/06. C. LOW WEALTH SCHOOL DISTRICTS 16. 2007-08 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING PROJECTS* 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 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. D. AIDABLE EXPENSE ASSOCIATED WITH THE COST OF REFINANCING EXISTING DEBT WITH PRINCIPAL OUTSTANDING AS OF 6/30/02 17. 2007-08 ASSUMED DEBT SERVICE FOR FIXED COST OF REFINANCING 0 18. 2007-08 ASSUMED DEBT SERVICE FOR STATE SHARE OF VARIABLE COSTS 0 19. 2007-08 ASSUMED DEBT SERVICE FOR STATE SHARE OF ADDITIONAL PRINCIPAL 0 20. TOTAL ASSUMED DEBT SERVICE FOR STATE SHARE OF THE BONDED COSTS OF REFINANCING (100% REIMBURSED) (ENT 17 + ENT 18 + ENT 19) 0 21. 2007-08 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING 0 22. 2007-08 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING, REORG INCENTIVE ELIGIBLE 0 23. 2006-07 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. 24. 2007-08 LEASE EXPENSE - NOT 10% ELIGIBLE 0 25. 2007-08 LEASE EXPENSE - 10% ELIGIBLE 0 26. 2007-08 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE NOT 10% ELIGIBLE 0 27. 2007-08 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE 10% ELIGIBLE 0 F. METAL DETECTORS AND OTHER SECURITY DEVICES EXPENSE 28. 2006-07 APPROVED EXPENDITURES FOR METAL DETECTORS AND OTHER SECURITY DEVICES 0

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