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 (BLD4-EST)                                    PAGE 1     
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2007-08 AID                             
 ______________________________________________________                             
                                                                                    
 A.  CAPITAL OUTLAY EXPENSES                                                        
                                                                                    
      1. CAPITAL OUTLAY EXCEPTION EXPENSES                                          
                      (PROJECT < 100001, EMERGENCY, SMALL CITY)             0       
                                                                                    
 B.  AIDABLE DEBT SERVICE EXPENSE FOR 2007-08 AID                                   
                                                                                    
      2. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE*                    13,908       
      3. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG                           
         INCENTIVE ELIGIBLE                                                 0       
                                                                                    
    *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.                                  
                                                                                    
     BUILDING 4 EXPENSES ARE FOR BUILDING PROJECTS APPROVED ON                      
     OR AFTER 7/1/2005.                                                             
                                                                                    
     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.                                
                                                                                    
      4. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2007-08 AID PAYMENT IN JULY 2007**                     0       
      5. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2007-08 AID PAYMENT IN JULY 2007, REORG                        
         INCENTIVE ELIGIBLE                                                 0       
      6. NOT USED                                                                   
      7. NOT USED                                                                   
                                                                                    
   **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.                    
                                                                                    
 C.  LOW WEALTH SCHOOL DISTRICTS                                                    
                                                                                    
      8. 2007-08 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING                       
         PROJECTS***                                                        0       
                                                                                    
  ***BUILDING 4 EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING               
     PROJECTS APPROVED ON OR AFTER 7/1/2005. PROJECTS APPROVED BY THE               
     VOTERS BETWEEN JULY 1, 2005 AND JUNE 30, 2007 ARE ELIGIBLE FOR THE             
     LOW WEALTH AID RATIO IF THE DISTRICT'S PUPIL WEALTH RATIO WAS                  
     GREATER THAN 2.5 IN 2000-01 AND THE ALTERNATE PUPIL WEALTH RATIO               
     WAS LESS THAN .85 IN 2000-01.                                                  
                                                                                    
 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.                                                                       
                                                                                    
      9. 2007-08 LEASE EXPENSE - NOT 10% ELIGIBLE                           0       
     10. 2007-08 LEASE EXPENSE - 10% ELIGIBLE                               0       
     11. 2007-08 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE                            
         NOT 10% ELIGIBLE                                                   0       
     12. 2007-08 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE                            
         10% ELIGIBLE                                                       0       
                                                                                    

NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE