New York State Education Department

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

District: CLYMER CENTRAL SCHOOL (060701)

 

060701 CLYMER CENTRAL SCHOOL
Amount Issued: 5,785,000 BLD-10
Date of Original Issuance: 09 / 14 / 1999

 

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

0002 007 5,465,640 0 400,000 5,065,640 15.5 84,717,420
0002 009 319,360 0 0 319,360 15.0 4,790,400


5,785,000 89,507,820

Blended Maximum Useful Life : 15.5
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 : 5,275,000
Assumed Interest Rate : 5.271%
Debt Service for Amortization Year 15 of 17 : 473,629
Bond Percent : 99.574%
Aidable Debt Service for Amortization Year 15 of 17 : 471,612

 

Additional Costs Attributable to Refinancing
A. Total Amount of Refinancing Issued (SA-132A # 7) : 5,678,000
B. Bond Percent : 99.574%
C. Applicable Building Aid Ratio : 90.3%
D. State Share of Outstanding Principal Refinanced (SA-132A # 3 * B * C) : 4,743,033
E. Amount of Original Principal Refinanced (SA-132A # 4) : 5,275,000
F. State Share Ratio (D / E) : 89.9%
G. Total Fixed Cost Aided at 100% (SA-132A # 13) : 29,724
H. Total Variable Costs of Refinancing (SA-132A # 23) : 118,435
I. State Share of Variable Costs Aided at 100% (H * F) : 106,473
J. Total Principal Added (A - E - G - H) : 254,841
K. State Share of Additional Principal Aided at 100% (J * F) : 229,102
L. Total Refinancing Aided at 100% (G + I + K) : 365,299
M. Local Share of Variable Costs Aided at State Share (H - I) : 11,962
Assumed Aidable Debt Service for Refinancing
Assumed Debt Service for Fixed Costs : 2,668
Assumed Debt Service for State Share of Variable Costs : 9,560
Assumed Debt Service for State Share of Additional Principal : 20,570
Assumed Debt Service for Local Share of Variable Costs : * 1,069
* After application of Bond Percent.

 

 

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