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Total Aided Cost Calculations

•  If the Net Cost, Approved Cost and Original Amount Borrowed are all equal;

Total Principal + Total Cash = Total Aided Cost

•  If the Net Cost and Original Amount Borrowed are equal;

(Total Principal + Total Cash) x Total Approved Cost ÷ Original Amount Borrowed = Total Aided Cost

•  If the Net Cost is less than the Original Amount Borrowed;

(Total Principal + Total Cash) x Total Approved Cost ÷ Original Amount Borrowed = Total Aided Cost

•  If the Net Cost is greater than the Original Amount Borrowed and there was a cash payment or principal payment made the first year;

(Total Principal + Total Cash) x Total Approved Cost ÷ Total Net Cost = Total Aided Cost

•  If the Net Cost is greater than the Original Amount Borrowed and there was no cash payment made the first year and the Total Approved Cost is less than the Original Amount Borrowed;

Total Principal x Total Approved Cost ÷ Original Amount Borrowed = Total Aided Cost

•  If the Net Cost is greater than the Original Amount Borrowed and there was no cash payment made the first year and the Total Approved Cost is equal to or greater than the Original Amount Borrowed; use calculation,

Total Principal = Total Aided Cost

Approved Remaining Principal for Retro Amortization

The Remaining Balance for Retro Amortization is calculated as follows:

Total Approved Cost – Total Aided Cost = Approved Remaining Principal



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