DISTRICT CODE:  200401                                     STATE AID    2007-08     
DISTRICT NAME:  INDIAN LAKE                                DATE:  NOV  26, 2014     
                                                           EDITION NO.     4128     
DISTRICT LAST UPDATED ON 11/25/14                                                   
NOTE: DATA DISPLAYED IS TENTATIVE PENDING AUDIT                                     
                                                                                    
BUILDING FORMULA 3 AID OUTPUT REPORT(BLD3)                                          
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2007-08 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 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. TOTAL AIDABLE DEBT SERVICE FOR 07-08 AID                                   
                      (ENT 3 + ENT 5 + ENT 7 + ENT 9 + ENT 10)            17,625    
     13. TOTAL AIDABLE DEBT SERVICE FOR 07-08 AID, REORG                            
         INCENTIVE ELIGIBLE   (ENT 4 + ENT 6 + ENT 8 + ENT 11)                 0    
                                                                                    
 CLICK HERE FOR 0708 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 2007, BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/06 AND INCLUDED IN THE ESTIMATES OF 2007-08 AID FOR THE ENACTED SA0708 COMPUTER RUN DATED 3/31/07, ARE ELIGIBLE FOR AID IN 2007-08. FOR PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/06 BUT WITHOUT NOTIFICATION OF A SIGNED CONTRACT ON FILE WITH THE DEPARTMENT BY THE NOVEMBER 2006 DATABASE WILL BE FIRST ELIGIBLE FOR AID IN 2008-09. CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
C. LOW WEALTH SCHOOL DISTRICTS 14. 2007-08 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING PROJECTS*** 0 ***BUILDING EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING PROJECTS WITH VOTER APPOROVAL 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. D. AIDABLE EXPENSE ASSOCIATED WITH THE COST OF REFINANCING EXISTING DEBT WITH PRINCIPAL OUTSTANDING AS OF 6/30/02 15. 2007-08 ASSUMED DEBT SERVICE FOR FIXED COST OF REFINANCING 0 16. 2007-08 ASSUMED DEBT SERVICE FOR STATE SHARE OF VARIABLE COSTS 0 17. 2007-08 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. 2007-08 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING 0 20. 2007-08 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING, REORG INCENTIVE ELIGIBLE 0 21. 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. 22. 2007-08 LEASE EXPENSE - NOT 10% ELIGIBLE 0 23. 2007-08 LEASE EXPENSE - 10% ELIGIBLE 0 24. 2007-08 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE NOT 10% ELIGIBLE 0 25. 2007-08 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE 10% ELIGIBLE 0 F. METAL DETECTORS AND OTHER SECURITY DEVICES EXPENSE 26. 2006-07 APPROVED EXPENDITURES FOR METAL DETECTORS AND OTHER SECURITY AND SAFETY DEVICES 0 G. ENERGY PERFORMANCE CONTRACTS 27. 2007-08 EXPENSE FOR ENERGY PERFORMANCE CONTRACT PROJECTS* 0 *BUILDING AID EXPENSES FOR ENERGY PERFORMANCE CONTRACTS THAT ARE NOT VOTER-APPROVED ARE NOT ELIGIBLE FOR THE 10% BUILDING AID INCENTIVE. PART II: CALCULATION OF 2007-08 BUILDING AID ____________________________________________ 28. SELECTED 1999-00 BLDG AID RATIO MINUS 10% 0.000 29. 2007-08 RWADA AID RATIO 0.000 30. REVISED SELECTED 2007-08 BLDG AID RATIO (GREATER OF ENT 28 OR 29, MAX .950) 0.000 31. BLDG AID RATIO FOR LOW WEALTH AID ELIGIBLE DISTRICTS 0.000 32. NOT USED 33. 2007-08 BLD3 REVISED SELECTED BUILDING AID RATIO ENHANCED BY 10% INCENTIVE (MAX .950) 0.100 34. 2007-08 BLD3 10% INCENTIVE DECIMAL (ENT 33 - ENT 30) 0.100 35. AID RATIO AID FOR ASSUMED DEBT SERVICE: RETRO (ENT 3 * ENT 30) 0 36. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE: RETRO (ENT 3 * ENT 34) 1,477 37. AID RATIO AID FOR DEBT SERVICE ON WAIVERED BOND ISSUES (ENT 5 * ENT 30) 0 38. 10% INCENTIVE AID FOR DEBT SERVICE ON WAIVERED BOND ISSUES (ENT 5 * ENT 34) 0 39. AID RATIO AID BLDG AID FOR ASSUMED DEBT SERVICE: PROSPECTIVE ((ENT 7 - ENT 14 - ENT 27) * ENT 30) 0 40. 10% INCENTIVE AID FOR ASSUMED DEBT SERVICE: PROSPECTIVE ((ENT 7 - ENT 27) * ENT 34) 0 41. AID RATIO AID FOR DEBT SERVICE: DORMITORY AUTHORITY (SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 30) 0 42. 10% INCENTIVE AID FOR DEBT SERVICE: DORMITORY AUTHORITY (SPECIAL ACT DISTRICTS ONLY) (ENT 9 * ENT 34) 0 43. BLDG AID FOR THE STATE SHARE OF TOTAL BONDED REFINANCING COSTS (100% REIMBURSED) (ENT 18) 0 44. AID RATIO AID FOR THE LOCAL SHARE OF BONDED VARIABLE REFINANCING COSTS (ENT 19 * ENT 30) 0 45. 10% INCENTIVE AID FOR THE LOCAL SHARE OF BONDED VARIABLE REFINANCING COSTS (ENT 19 * ENT 34) 0 46. BLDG AID FOR COSTS OF REFINANCING NOT PAID FROM THE PROCEEDS OF REFUNDING BONDS (100% REIMBURSED)(ENT 21) 0 47. AID RATIO AID FOR LEASE EXPENSE ((ENT 22 + ENT 23) * ENT 30) 0 48. BLDG AID FOR LEASE EXPENSE ELIGIBLE FOR 10% INCENTIVE (ENT 23 * ENT 34) 0 49. AID RATIO AID FOR ASSUMED AMORTIZATION CAPITAL OUTLAYS (ENT 10 * ENT 30) 0 50. 10% INCENTIVE AID FOR ASSUMED AMORTIZATION CAPITAL OUTLAYS (ENT 10 * ENT 34) 285 51. AID RATIO AID FOR CAPITAL OUTLAY EXCEPTIONS (ENT 1 * ENT 30) 0 52. 10% INCENTIVE AID FOR CAPITAL OUTLAY EXCEPTIONS (ENT 1 * ENT 34) 0 53. BLDG AID FOR METAL DETECTORS AND OTHER SECURITY AND SAFETY DEVICES (ENT 26 * ENT 29) 0 54. ADDITIONAL BLDG AID FOR LOW WEALTH SCHOOL DISTRICTS (ENT 14 * ENT 31) 0 55. BLDG AID FOR ENERGY PERFORMANCE CONTRACTS (ENT 27 * ENT 30) 0 56. TOTAL REGULAR BUILDING AID: AID RATIO AID AND 100% REIMBURSABLE(ENTS 35+37+39+41+43+44+46+47+49+51+53+54+55) 0 57. TOTAL REGULAR BUILDING AID: 10% INCENTIVE (ENTRIES 36 + 38 + 40 + 42 + 45 + 48 + 50 + 52) 1,762 58. TOTAL REGULAR BUILDING AID INCLUDING 10% INCENTIVE (ENT 56 + ENT 57) 1,762 PART III. CALCULATION OF 2007-08 REORGANIZATION INCENTIVE BUILDING __________________________________________________________________ AID ___ 59. TOTAL BUILDING EXPENSE REORGANIZATION INCENTIVE ELIGIBLE (ENT 13 + ENT 20 + ENT 24 + ENT 25) 0 60. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE ((ENT 59 - ENT 14 - ENT 27) * ENT 33) 0 61. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE FOR LOW WEALTH ELIGIBLE PROJECTS (ENT 14 * ENT 31) 0 62. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE FOR LOW WEALTH ELIGIBLE PROJECTS - 10% INCENTIVE 0 (ENT 14 * ENT 34) 63. BUILDING AID ON REORG INCENTIVE ELIGIBLE EXPENSE FOR ENERGY PERFORMANCE CONTRACT PROJECTS(ENT 27 * ENT 30) 0 64. REORGANIZATION INCENTIVE DECIMAL (.25 OR .30) 0.00 65. UNCAPPED REORGANIZATION INCENTIVE AID ((ENT 60 + ENT 61 + ENT 62 + ENT 63) * ENT 64) 0 66. 95% OF THE TOTAL BUILDING EXPENSE ELIGIBLE FOR REORGANIZATION INCENTIVE (ENT 59 * 0.95) 0 67. MAXIMUM REORGANIZATION INCENTIVE AID (ENT 66 - ENT 60 - ENT 61 - ENT 62 - ENT 63) 0 68. REORGANIZATION INCENTIVE BUILDING AID (LSR ENT 65 OR ENT 67) 0 PART IV: NATIVE AMERICAN BUILDING AID PAYABLE DURING 2007-08 ______________________________________________________________ 69. NATIVE AMERICAN BUILDING AID 0

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