BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Local School District Type (select one):
Type II
1.
Term Bonds
$
2.
Serial Bonds
(a) Issued
$5,125,000.00
(b) Authorized but not issued
$
3.
Temporary Notes
(a) Issued
$
(b) Authorized but not issued
$
4.
Total Bonds and Notes
$5,125,000.00
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
$1,670,247,035.33
4.00%
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
$66,809,881.41
9.
Additional State School Building Aid Bonds (N.J.S.A. 18A:58-33.4(d))
$
10.
Total Potential Deduction
$66,809,881.41
Total Allowable Deduction
$5,125,000.00