2018 Annual Debt Statement.pdf

Page 3 of 11 BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES Regional School District 1. TERM BONDS $ 2. SERIAL BONDS (a) Issued $ (b) Authorized but not issued $ 3. TEMPORARY BONDS AND NOTES (a) Issued $ (b) Authorized but not issued $ 4. TOTAL OF REGIONAL SCHOOL BONDS AND NOTES $ N.J.S.A. 40A:2-43 reads in part as follows: "Gross debt of a municipality shall also include that amount of the total of all the bonds and notes issued and authorized but not issued by any school district including the area of the municipality, which results from the application to such total of the ratio which the equalized valuation basis of the municipality bears to the sum of the equalized valuation basis of each municipality in any such school district." COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT % OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY APPORTIONMENT OF DEBT – Dec. 31, Municipality Average Equalized Valuations % Serial Bonds Issued Temp. Bond – Notes Issued Authorized But not Issued % $ $ $ Totals % $ $ $