New York State Education Department

State Aid Building - Aidable Debt Service for projects with debt still outstanding as of 7-1-2002

District: NORTH WARREN CSD (630202)

 

630202 NORTH WARREN CSD
Amount Issued: 9,500,000 BLD
Date of Original Issuance: 02 / 25 / 1998

 

Building
Code
Project
Nunber
Allowable
Cost
New Construction
Cost
Additions
Cost
Alteration /
Reconstruction
Cost
Maximum
Project
Life
Weighted
Useful Life

0014 001 15,844,000 15,844,000 0 0 30.0 475,320,000
5017 001 740,593 740,593 0 0 30.0 22,217,790


16,584,593 497,537,790

Blended Maximum Useful Life : 30.0
Original Term of Bond : 20.5
Term based on prior Retro borrowing : 30.0
Selected Maximum Useful Life : 30.0
Period Prior to 1 July 2002 : 5.0
Sel. Remaining Term for Amortization : 25.0
Principal Outstanding as of July 2002 : 7,600,000
Assumed Interest Rate : 5.156%
Debt Service for Amortization Year 9 of 25 : 544,297
Bond Percent : 100.000%
Aidable Debt Service for Amortization Year 9 of 25 : 544,297

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 6,375,000
B. Bond Percent : 100.000%
C. Applicable Building Aid Ratio : 63.6%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 4,833,600
E. Amount of Original Principal Refinanced (SA-132A # 4) : 5,910,034
F. State Share Ratio (D / E) : 81.7%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 5,951
H. Total Variable Costs of Refinancing (SA-132A # 23) : 116,226
I. State Share of Variable Costs Aided at 100% (H * F) : 94,957
J. Total Principal Added (A - E - G - H) : 342,789
K. State Share of Additional Principal Aided at 100% (J * F) : 280,059
L. Total Refinancing Aided at 100% (G + I + K) : 380,966
M. Local Share of Variable Costs Aided at State Share (H - I) : 21,269
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 426
Assumed Debt Service for State Share of Variable Costs : 6,800
Assumed Debt Service for State Share of Additional Principal : 20,058
Assumed Debt Service for Local Share of Variable Costs : * 1,524
* After application of Bond Percent.

 

630202 NORTH WARREN CSD
Amount Issued: 6,300,000 BLD
Date of Original Issuance: 12 / 16 / 1998

 

Building
Code
Project
Nunber
Allowable
Cost
New Construction
Cost
Additions
Cost
Alteration /
Reconstruction
Cost
Maximum
Project
Life
Weighted
Useful Life

0014 001 15,844,000 15,844,000 0 0 30.0 475,320,000
5017 001 740,593 740,593 0 0 30.0 22,217,790


16,584,593 497,537,790

Blended Maximum Useful Life : 30.0
Original Term of Bond : 16.5
Term based on prior Retro borrowing : 30.0
Selected Maximum Useful Life : 30.0
Period Prior to 1 July 2002 : 5.0
Sel. Remaining Term for Amortization : 25.0
Principal Outstanding as of July 2002 : 4,900,000
Assumed Interest Rate : 5.155%
Debt Service for Amortization Year 9 of 25 : 350,915
Bond Percent : 100.000%
Aidable Debt Service for Amortization Year 9 of 25 : 350,915

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 4,040,000
B. Bond Percent : 100.000%
C. Applicable Building Aid Ratio : 63.6%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 3,116,400
E. Amount of Original Principal Refinanced (SA-132A # 4) : 3,803,978
F. State Share Ratio (D / E) : 81.9%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 3,771
H. Total Variable Costs of Refinancing (SA-132A # 23) : 74,143
I. State Share of Variable Costs Aided at 100% (H * F) : 60,723
J. Total Principal Added (A - E - G - H) : 158,108
K. State Share of Additional Principal Aided at 100% (J * F) : 129,490
L. Total Refinancing Aided at 100% (G + I + K) : 193,985
M. Local Share of Variable Costs Aided at State Share (H - I) : 13,420
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 270
Assumed Debt Service for State Share of Variable Costs : 4,348
Assumed Debt Service for State Share of Additional Principal : 9,274
Assumed Debt Service for Local Share of Variable Costs : * 962
* After application of Bond Percent.

 

 

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