DISTRICT CODE:  200901                                     STATE AID    2007-08     
DISTRICT NAME:  WELLS                                      DATE:  NOV   8, 2012     
                                                           EDITION NO.     3330     
DISTRICT LAST UPDATED ON 11/08/12                                                   
NOTE: DATA DISPLAYED ARE PROJECTED EXPENSES FOR 08-09 AID                           
                                                                                    
BUILDING AID OUTPUT REPORT (BLD3-EST)                                    PAGE 1     
                                                                                    
 PART I:  AIDABLE BUILDING AID EXPENSES FOR 2008-09 AID                             
 ______________________________________________________                             
                                                                                    
 A.  CAPITAL OUTLAY EXPENSES                                                        
                                                                                    
      1. NOT USED                                                                   
      2. NOT USED                                                                   
                                                                                    
 B.  AIDABLE DEBT SERVICE EXPENSE FOR 2008-09 AID                                   
                                                                                    
      3. 2008-09 ASSUMED DEBT SERVICE: RETRO*                               0       
      4. 2008-09 ASSUMED DEBT SERVICE: RETRO, REORG INCENTIVE                       
         ELIGIBLE                                                           0       
      5. 2008-09 CONTINUING DEBT SERVICE FOR WAIVERED BOND                          
         ISSUES*                                                            0       
      6. 2008-09 CONTINUING DEBT SERVICE FOR WAIVERED BOND                          
         ISSUES, REORG INCENTIVE EIGIBLE                                    0       
      7. 2008-09 ASSUMED DEBT SERVICE: PROSPECTIVE**                  155,156       
      8. 2008-09 ASSUMED DEBT SERVICE: PROSPECTIVE, REORG                           
         INCENTIVE ELIGIBLE                                                 0       
      9. 2008-09 APPROVED DEBT SERVICE: DORMITORY AUTHORITY                         
         (SPECIAL ACT DISTRICTS ONLY)                                       0       
     10. 2008-09 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS                           
         INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE                        
         7/1/02                                                             0       
     11. 2008-09 ASSUMED AMORTIZATION FOR CAPITAL OUTLAYS                           
         INCURRED AFTER 6/30/02 FOR PROJECTS APPROVED BEFORE                        
         7/1/02, REORG INCENTIVE ELIGIBLE                                   0       
     12. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2008-09 AID PAYMENT IN JULY 2008***                    0       
     13. 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2008-09 AID PAYMENT IN JULY 2008, REORG                        
         INCENTIVE ELIGIBLE                                                 0       
     14. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2008-09 AID PAYMENT IN JULY 2008****                   0       
     15. 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSE FOR                      
         THE INITIAL 2008-09 AID PAYMENT IN JULY 2008, REORG                        
         INCENTIVE ELIGIBLE                                                 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. 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 2008-09 ASSUMED DEBT SERVICE PROSPECTIVE AMOUNTS INCLUDE PROJECTS APPROVED PRIOR TO JANUARY 1, 2008 FOR WHICH A NOTIFICATION OF A SIGNED CONTRACT WAS ON FILE WITH THE DEPARTMENT BY THE NOVEMBER 2007 DATABASE. ***PURSUANT TO CHAPTER 57 OF THE LAWS OF 2007 REGARDING THE 2007-08 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2008-09 AID PAYMENT IN JULY 2008 ARE EXPENSES FOR BUILDING PROJECTS WITH COMMISSIONER APPROVAL BY 12/31/06 AND NOTIFICATION OF A SIGNED CONSTRUCTION CONTRACT AWARD ON FILE WITH THE DEPARTMENT AFTER THE NOVEMBER 2006 DATABASE BUT BEFORE THE NOVEMBER 2007 DATABASE. CLICK HERE FOR PROSPECTIVE PROJECT INFORMATION
****PURSUANT TO CHAPTER 57 OF THE LAWS OF 2007 REGARDING THE 2006-07 ASSUMED DEBT SERVICE: PROSPECTIVE EXPENSES FOR THE INITIAL 2008-09 AID PAYMENT IN JULY 2008 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 11/15/06 AND BEFORE 7/1/07. C. LOW WEALTH SCHOOL DISTRICTS 16. 2008-09 EXPENSE FOR LOW WEALTH AID ELIGIBLE BUILDING PROJECTS* 0 *BUILDING EXPENSES ELIGIBLE FOR LOW WEALTH AID ARE FOR BUILDING PROJECTS WITH VOTER APPROVAL 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. 2008-09 ASSUMED DEBT SERVICE FOR FIXED COST OF REFINANCING 0 18. 2008-09 ASSUMED DEBT SERVICE FOR STATE SHARE OF VARIABLE COSTS 0 19. 2008-09 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. 2008-09 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING 0 22. 2008-09 ASSUMED DEBT SERVICE FOR LOCAL SHARE OF THE VARIABLE COSTS OF REFINANCING, REORG INCENTIVE ELIGIBLE 0 23. 2007-08 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. 2008-09 LEASE EXPENSE - NOT 10% ELIGIBLE 0 25. 2008-09 LEASE EXPENSE - 10% ELIGIBLE 0 26. 2008-09 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE NOT 10% ELIGIBLE 0 27. 2008-09 LEASE EXPENSE, REORG INCENTIVE ELIGIBLE 10% ELIGIBLE 0 F. METAL DETECTORS AND OTHER SECURITY DEVICES EXPENSE 28. 2007-08 APPROVED EXPENDITURES FOR METAL DETECTORS AND OTHER SECURITY DEVICES 0 G. ENERGY PERFORMANCE CONTRACTS 29. 2008-09 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.

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