2018 Annual Debt Statement.pdf

Page 2 of 11 BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES Local School District Type (select one): Type II 1. Term Bonds $ 2. Serial Bonds (a) Issued $27,405,000.00 (b) Authorized but not issued $ 3. Temporary Notes (a) Issued $ (b) Authorized but not issued $ 4. Total Bonds and Notes $27,405,000.00 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 $6,207,862,236.33 4.00% $248,314,489.45 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 $248,314,489.45 Total Allowable Deduction $27,405,000.00