New York State Education Department

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

District: FREWSBURG CSD (060301)

 

060301 FREWSBURG CSD
Amount Issued: 10,000,000 BLD-10
Date of Original Issuance: 05 / 11 / 1999

 

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

0001 007 11,746,100 0 5,305,100 6,441,000 17.5 205,556,750
0001 008 1,280,000 0 0 1,280,000 15.0 19,200,000
0002 004 1,771,747 0 0 1,771,747 15.0 26,576,205
0002 005 370,000 0 0 370,000 15.0 5,550,000
5003 004 65,698 0 0 65,698 15.0 985,470
5011 001 131,555 131,555 0 0 30.0 3,946,650


15,365,100 261,815,075

Blended Maximum Useful Life : 17.0
Original Term of Bond : 19.0
Selected Maximum Useful Life : 19.0
Period Prior to 1 July 2002 : 3.0
Sel. Remaining Term for Amortization : 16.0
Principal Outstanding as of July 2002 : 8,725,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 15 of 16 : 770,839
Bond Percent : 98.979%
Aidable Debt Service for Amortization Year 15 of 16 : 762,969

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 9,345,000
B. Bond Percent : 99.533%
C. Applicable Building Aid Ratio : 95.0%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 8,250,042
E. Amount of Original Principal Refinanced (SA-132A # 4) : 8,300,000
F. State Share Ratio (D / E) : 99.3%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 11,450
H. Total Variable Costs of Refinancing (SA-132A # 23) : 111,574
I. State Share of Variable Costs Aided at 100% (H * F) : 110,793
J. Total Principal Added (A - E - G - H) : 921,976
K. State Share of Additional Principal Aided at 100% (J * F) : 915,522
L. Total Refinancing Aided at 100% (G + I + K) : 1,037,765
M. Local Share of Variable Costs Aided at State Share (H - I) : 781
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 1,012
Assumed Debt Service for State Share of Variable Costs : 9,788
Assumed Debt Service for State Share of Additional Principal : 80,884
Assumed Debt Service for Local Share of Variable Costs : * 68
* After application of Bond Percent.

 

060301 FREWSBURG CSD
Amount Issued: 4,400,000 BLD-10
Date of Original Issuance: 01 / 20 / 2000

 

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

0001 007 11,746,100 0 5,305,100 6,441,000 17.5 205,556,750
0001 008 1,344,679 0 0 1,344,679 15.0 20,170,185
0002 004 1,771,747 0 0 1,771,747 15.0 26,576,205
0002 005 370,000 0 0 370,000 15.0 5,550,000
5003 004 65,698 0 0 65,698 15.0 985,470
5011 001 131,555 131,555 0 0 30.0 3,946,650


15,429,779 262,785,260

Blended Maximum Useful Life : 17.0
Original Term of Bond : 20.0
Selected Maximum Useful Life : 20.0
Period Prior to 1 July 2002 : 3.0
Sel. Remaining Term for Amortization : 17.0
Principal Outstanding as of July 2002 : 3,740,000
Assumed Interest Rate : 4.500%
Debt Service for Amortization Year 15 of 17 : 317,126
Bond Percent : 98.979%
Aidable Debt Service for Amortization Year 15 of 17 : 313,888

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 4,335,000
B. Bond Percent : 99.533%
C. Applicable Building Aid Ratio : 95.0%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 3,536,407
E. Amount of Original Principal Refinanced (SA-132A # 4) : 3,740,000
F. State Share Ratio (D / E) : 94.5%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 12,200
H. Total Variable Costs of Refinancing (SA-132A # 23) : 89,260
I. State Share of Variable Costs Aided at 100% (H * F) : 84,351
J. Total Principal Added (A - E - G - H) : 493,540
K. State Share of Additional Principal Aided at 100% (J * F) : 466,395
L. Total Refinancing Aided at 100% (G + I + K) : 562,946
M. Local Share of Variable Costs Aided at State Share (H - I) : 4,909
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 1,034
Assumed Debt Service for State Share of Variable Costs : 7,152
Assumed Debt Service for State Share of Additional Principal : 39,548
Assumed Debt Service for Local Share of Variable Costs : * 414
* After application of Bond Percent.

 

 

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