BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Local School District Type (select one):
Type II
| 1. | Term Bonds | $ | |
| 2. | Serial Bonds | ||
| (a) Issued | $6,905,000.00 | ||
| (b) Authorized but not issued | $ | ||
| 3. | Temporary Notes | ||
| (a) Issued | $ | ||
| (b) Authorized but not issued | $ | ||
| 4. | Total Bonds and Notes | $6,905,000.00 |
DEDUCTIONS APPLICABLE TO BONDS AND NOTES –
FOR SCHOOL PURPOSES
Amounts held or to be held for the sole purpose of paying bonds and notes included above.
| 5. |
Sinking funds on hand for bonds shown as Line 1 but not in excess of such bonds. |
$ | |
| 6. |
Funds on hand in those cases where such funds cannot be diverted to purposes other than the payment of bonds and notes included in Line 4. |
$ | |
| 7. |
Estimated proceeds of bonds and notes authorized but not issued where such proceeds will be used for the sole purpose of paying bonds and notes included in Line 4. |
$ | |
| 8. |
% of average of
equalized valuations
$1,527,289,672.00
4.00%
|
$61,091,586.88 | |
|
Use applicable per centum as follows:
2.50% Kindergarten or Grade 1 through Grade 6
3.00% Kindergarten or Grade 1 through Grade 8
3.50% Kindergarten or Grade 1 through Grade 9
4.00% Kindergarten or Grade 1 through Grade 12
|
|||
| 9. |
Additional State School Building Aid Bonds (N.J.S.A. 18A:58- 33.4(d)) |
$ | |
| 10. | Total Potential Deduction | $61,091,586.88 | |
| Total Allowable Deduction | $6,905,000.00 | ||