Supplemental Data Building the Future

Transcription

1 Supplemental Data Building the Future Supplemental data includes financial statements and schedules not required by the Governmental Accounting Standard Board (GASB), nor a part of the basic financial statements, but are presented for purposes of additional analysis.

2 GENERAL FUND COMPARATIVE BALANCE SHEETS AUGUST 31, 2003 AND 2002 Schedule B ASSETS Cash and Cash Equivalents $ 7,304,017 $ 8,102,291 Property Tax Receivable 8,478,097 8,005,636 Accounts Receivable, Net 56,364 32,301 Interest Receivable 19,736 23,523 Due From Other Funds 23,907 54,444 Due From Other Governments 998, ,438 Inventories, at Cost 1,151, ,916 TOTAL ASSETS 18,031,767 17,609,549 LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable 734,825 1,173,249 Accrued Wages and Benefits Payable 186,699 1,340,580 Due To Other Funds 335, ,180 Deferred Revenue 8,498,855 8,018,209 TOTAL LIABILITIES 9,755,838 10,634,218 Fund Balance: Unreserved: Designated for Opening New School 2,200,000 2,200,000 Designated for Inventory Replacement 326, ,000 Designated for Self Insurance 300, ,000 Undesignated 5,449,929 4,149,331 TOTAL FUND BALANCE 8,275,929 6,975,331 TOTAL LIABILITIES AND FUND BALANCE $ 18,031,767 $ 17,609,

3 GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) Schedule B BUDGET ACTUAL VARIANCE ACTUAL REVENUES: Source: Local Taxes $ 16,199,663 $ 16,356,842 $ 157,179 $ 15,298,870 Local Non-Tax 2,925,658 3,118, ,412 3,234,677 State, General Purpose 51,133,686 51,662, ,722 51,118,713 State, Special Purpose 12,573,879 12,117,740 (456,139) 10,836,143 Federal, General Purpose 189, ,369 (60,437) 152,029 Federal, Special Purpose 6,866,128 6,561,934 (304,194) 5,462,921 Revenues from other sources 675, ,894 6, ,898 TOTAL REVENUES 90,564,796 90,629,257 64,461 86,705,251 EXPENDITURES Current: Regular Instruction 53,250,350 50,738,718 2,511,632 49,559,455 Special Instruction 6,429,138 6,415,923 13,215 6,128,760 Vocational Instruction 5,183,465 4,952, ,931 4,800,761 Compensatory Education 8,212,832 7,401, ,326 5,306,957 Other Educational Programs 1,226, , ,232 1,522,509 Community Services 308, ,741 32, ,951 Support Services 12,518,382 11,412,385 1,105,997 10,909,799 Child Nutrtion Services 2,748,445 2,800,516 (52,071) 2,654,975 Pupil Transportation Services 4,001,656 3,701, ,458 3,432,950 Capital Outlay - Equipment 621, ,386 (29,247) 883,892 TOTAL EXPENDITURES 94,500,568 89,337,590 5,162,978 85,450,009 Excess of Revenues Over (Under) Expenditures (3,935,772) 1,291,667 5,227,439 1,255,242 OTHER FINANCING SOURCES (USES) Sale of Equipment - 8,931 8,931 7,970 Total Other Financing Sources (Uses) - 8,931 8,931 7,970 Excess of Revenues & Other Financing Sources Over (Under) Expenditures & Other Uses (3,935,772) 1,300,598 5,236,370 1,263,212 FUND BALANCE-September 1 6,823,519 6,975, ,812 5,712,119 FUND BALANCE -August 31 $ 2,887,747 $ 8,275,929 $ 5,388,182 $ 6,975,

4 GENERAL FUND SCHEDULE OF REVENUES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) Schedule B-3 (Page 1 of 2) VARIANCE DESCRIPTION BUDGET ACTUAL ACTUAL LOCAL TAXES Local Property Tax $ 16,198,761 $ 16,355,808 $ 157,047 $ 15,298,140 Sale of Tax Title Property Other Taxes 902 1, TOTAL LOCAL TAXES 16,199,663 16,356, ,179 15,298,870 LOCAL NON-TAX Tuition & Fees, Unassigned 186, ,886 1, ,222 Secondary Vocational Tuition - 1,500 1,500 - Traffic Safety Education Fees 24,795 63,842 39,047 28,756 Summer School Tuition 24,600 26,025 1,425 24,559 Sales of Goods and Supplies 67,790 79,448 11,658 72,365 Sales of Goods and Supplies, Vocation 521, ,011 (34,589) 502,606 Food Services Sales 1,122,376 1,222,224 99,848 1,219,975 School Bus Revenue 14,300 20,533 6,233 16,483 Investment Earnings 216, ,003 (66,997) 361,201 Gifts & Donations 452, ,457 91, ,116 Fines & Damages 27,787 28,984 1,197 27,113 Rental of Property 140, ,212 26, ,504 Insurance Recoveries 7,341 22,582 15,241 12,982 Local Non-Tax Unassigned 71,574 70,025 (1,549) 74,344 E-Rate 48,338 48,338-45,451 TOTAL LOCAL NONTAX 2,925,658 3,118, ,412 3,234,677 STATE FUNDS, GENERAL PURPOSE Apportionment 51,006,280 51,570, ,396 51,118,713 Local Effort Assistance 127,406 91,732 (35,674) - TOTAL STATE, GENERAL PURPOSE 51,133,686 51,662, ,722 51,118,713 STATE FUNDS, SPECIAL PURPOSE Special Purpose, Unassigned 1,250 3,758 2,508 81,603 Special Education 4,955,577 4,921,730 (33,847) 4,590,911 Learning Assistance 816, , ,987 Special Pilot Programs 868, ,210 (124,265) 138,034 Transitional Bilingual 735, ,341 (7,494) 613,383 Student Achievement 2,817,612 2,611,958 (205,654) 2,323,068 Traffic Safety Education ,433 Highly Capable 84,753 85, ,419 Flexible Education 276, ,796 (403) 223,451 School Food Services 75,886 74,557 (1,329) 75,695 Transportation - Operations 1,941,516 1,855,139 (86,377) 1,788,159 TOTAL STATE, SPECIAL PURPOSE $ 12,573,879 $ 12,117,740 $ (456,139) $ 10,836,

5 GENERAL FUND SCHEDULE OF REVENUES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) Schedule B-3 (Page 2 of 2) VARIANCE DESCRIPTION BUDGET ACTUAL ACTUAL FEDERAL FUNDS, GENERAL PURPOSE Impact Aid $ 144,806 $ 82,107 $ (62,699) $ 104,560 Federal Forests 45,000 47,262 2,262 47,469 TOTAL FEDERAL, GENERAL PURPOSE 189, ,369 (60,437) 152,029 FEDERAL, SPECIAL PURPOSE Special Purpose, Unassigned 309, ,338 (152,822) 424,824 Special Education, Medicaid Reimbursement 37,926 50,544 12,618 37,963 Special Education 1,526,483 1,560,104 33,621 1,377,428 Vocational Education 84,321 90,051 5,730 87,952 Disadvantaged, Title I 1,340,726 1,201,648 (139,078) 954,342 School Improvement 694, ,718 (39,564) - Limited English Proficiency 78,120 94,271 16,151 - Targeted Assistance ,259 Eisenhower Professional Development 12,066 12,066-57,401 School Food Service 1,544,617 1,548,679 4,062 1,430,201 Direct Special Purpose Grants 40,000 21,054 (18,946) 36,084 Head Start 614, ,288 (80,924) 520,371 Indian Education 287, ,098 (14,243) 103,661 Medicaid Administrative Match 146, ,698 52, ,874 USDA Commodities 150, ,377 16, ,561 TOTAL FEDERAL, SPECIAL PURPOSE 6,866,128 6,561,934 (304,194) 5,462,921 REVENUES FROM OTHER DISTRICTS Transportation - 15,459 15,459 - Non-High Participation 573, ,820 (1,906) 520,285 TOTAL REVENUES FROM OTHER DISTRICTS 573, ,279 13, ,285 REVENUES FROM OTHER AGENCIES Agency & Association Grants 102,250 95,615 (6,635) 81,613 TOTAL REVENUES FROM OTHER AGENCIES 102,250 95,615 (6,635) 81,613 TOTAL REVENUES 90,564,796 90,629,257 64,461 86,705,

6 GENERAL FUND SCHEDULE OF EXPENDITURES BY PROGRAM BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 Schedule B-4 (Page 1 of 2) PROGRAM VARIANCE BUDGET ACTUAL ACTUAL REGULAR INSTRUCTION Teaching $ 38,454,974 $ 36,823,246 $1,631,728 $35,916,452 Extracurricular 2,487,760 2,474,443 13,317 2,414,822 Instructional Supervision 784, ,845 81, ,394 Learning Resources - Library Services 1,981,974 1,842, ,421 1,780,555 Principals 5,179,298 5,140,662 38,636 5,037,524 Guidance and Counseling 1,946,156 1,919,832 26,324 1,855,433 Pupil Management and Safety 940, , , ,021 Health Services - Psychologists, Nurses 1,475,674 1,006, ,938 1,103,254 Total Regular Instruction 53,250,350 50,738,718 2,511,632 49,559,455 SPECIAL INSTRUCTION Basic State Program 4,880,250 4,868,104 12,146 4,735,242 Supplementarl Federal Program 1,548,888 1,547,819 1,069 1,393,518 Total Special Instruction 6,429,138 6,415,923 13,215 6,128,760 VOCATIONAL INSTRUCTION Basic State Program 5,107,339 4,864, ,522 4,718,605 Supplemental Federal Program 76,126 87,717 (11,591) 82,156 Total Vocational Instruction 5,183,465 4,952, ,931 4,800,761 COMPENSATORY EDUCATION Federal Remediation-Title I 1,296,988 1,141, , ,833 Federal School Improvement ESEA 675, ,435 40,241 - State Remediation 806, ,413 68, ,583 Special and Pilot Programs 897, , , ,105 Federal Head Start 609, ,539 79, ,960 Federal Limited English Proficiency 76,588 90,518 (13,930) - State Better Schools ,990 State Transitional Bilingual 735, ,346 58, ,983 Student Achievement I 728 2,817,612 2,560, ,667 2,028,577 Federal Bilingual Education ,265 Federal Indian Education 297, ,877 38, ,661 Total Compensatory Education $ 8,212,832 $ 7,401,506 $ 811,326 $ 5,306,

7 GENERAL FUND SCHEDULE OF EXPENDITURES BY PROGRAM BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 Schedule B-4 (Page 2 of 2) PROGRAM BUDGET ACTUAL VARIANCE OTHER EDUCATIONAL PROGRAMS Traffic Safety Education $ 40,265 $ 57,668 $ (17,403) $53,398 Summer School 91, ,083 (29,465) 99,381 Highly Capable 80,761 76,259 4,502 76,563 State Flexible Education Fund 309, , , ,082 Instructional Aid-Title VI ,810 Eisenhower Professional Development 11,681 11,681-56,247 Other Instructional Programs 693, , , ,028 Total Other Educational Programs 1,226, , ,232 1,522,509 COMMUNITY SERVICES 308, ,741 32, ,951 SUPPORT SERVICES Board of Directors 304, , , ,423 Superintendent's Office 416, ,768 19, ,346 Business Services 1,019,065 1,004,896 14, ,828 Human Resources 691, ,140 30, ,970 Maintenance 2,972,445 2,806, ,326 2,647,298 Custodial 3,184,770 3,028, ,041 2,763,177 Utilities 2,738,956 2,298, ,878 2,264,007 Insurance 356, ,800 3, ,162 Building Security 82,577 89,223 (6,646) 64,323 Information Technology 416, , , ,541 Warehouse 335, ,649 21, ,724 Total Support Services 12,518,382 11,412,385 1,105,997 10,909,799 CHILD NUTRITION SERVICES 2,748,445 2,800,516 (52,071) 2,654,975 PUPIL TRANSPORTATION SERVICES 4,001,656 3,701, ,458 3,432,950 CAPITAL OUTLAY-EQUIPMENT 621, ,386 (29,247) 883,892 Total Expenditures $ 94,500,568 $ 89,337,590 $ 5,162,978 $ 85,450,

8 Schedule C-1 SPECIAL REVENUE FUND (ASSOCIATED STUDENT BODY FUND) COMPARATIVE BALANCE SHEETS AUGUST 31, 2003 AND ASSETS Cash and Cash Equivalents $ 1,075,948 $ 1,252,519 Accounts Receivable, net Accrued Interest Receivable 2,458 3,369 Due From Other Funds 265, ,604 Inventory of Supplies, at Cost 15, TOTAL ASSETS 1,359,529 1,357,351 LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable 27,079 49,893 Due To Other Funds 1,499 32,490 Deferred Revenue 257, ,954 Total Liabilities 285, ,337 Fund Balance: Unreserved Fund Balance 1,073,943 1,074,014 Total Fund Balance 1,073,943 1,074,014 TOTAL LIABILITIES AND FUND BALANCE $ 1,359,529 $ 1,357,

9 SPECIAL REVENUE FUND (ASSOCIATED STUDENT BODY FUND) SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) Schedule C BUDGET ACTUAL VARIANCE ACTUAL REVENUES General $ 894,700 $ 638,240 $ (256,460) $ 651,861 Athletics 105, ,958 20, ,277 Classes 136, ,848 (4,702) 129,266 Clubs 838, ,385 29, ,584 Other 12,500 22,874 10,374 33,794 Total Revenues 1,987,092 1,786,305 (200,787) 1,845,782 EXPENDITURES Current: General 743, , , ,406 Athletics 159, ,272 (28,568) 222,710 Classes 177, ,999 44, ,600 Clubs 962,488 1,011,006 (48,518) 985,950 Other 11,150 24,584 (13,434) 41,503 Capital Outlay: Equipment - 71,537 (71,537) 78,510 Total Expenditures 2,054,689 1,786, ,313 1,832,679 Excess of Revenues Over (Under) Expenditures (67,597) (71) 67,526 13,103 FUND BALANCE - September 1 570,991 1,074, ,023 1,060,911 FUND BALANCE - August 31 $ 503,394 $ 1,073,943 $ 570,549 $ 1,074,

10 Schedule D-1 DEBT SERVICE FUND (BOND FUND) COMPARATIVE BALANCE SHEETS AUGUST 31, 2003 AND ASSETS Cash and Cash Equivalent $ 7,194,163 $ 4,958,576 Property Tax Receivable 6,254,248 6,232,564 Accrued Interest Receivable 16,434 14,305 Due from Other Funds 2, TOTAL ASSETS 13,467,222 11,205,583 LIABILITIES AND FUND BALANCE Liabilities: Accrued Liabilities 35,613 Deferred Revenue-Taxes Receivable 6,254,248 6,232,564 Total Liabilities 6,289,861 6,232,564 Fund Balance: Unreserved Fund Balance 7,177,361 4,973,019 Total Fund Balance 7,177,361 4,973,019 TOTAL LIABILITIES AND FUND BALANCE $ 13,467,222 $ 11,205,

11 Schedule D-2 DEBT SERVICE FUND (BOND FUND) SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) BUDGET ACTUAL VARIANCE ACTUAL REVENUES Local Taxes $ 12,328,631 $ 12,357,961 $ 29,330 $ 11,521,711 Local Non-Tax 238, ,342 (136,866) 169,934 Total Revenues 12,566,839 12,459,303 (107,536) 11,691,645 EXPENDITURES DEBT SERVICE Principal Retirement 7,700,000 7,700,000-5,905,000 Interest on Bonds 4,498,413 4,498,413-4,884,170 Bond Transfer Fees 4,500 1,673 2,827 1,376 Total Expenditures 12,202,913 12,200,086 2,827 10,790,546 Excess of Revenues Over Expenditures 363, ,217 (104,709) 901,099 OTHER FINANCING SOURCES(USES) Bond Premium 1,945,125 1,945,125 Total Other Financing Sources - 1,945,125 1,945,125 - Excess of Revenues & Other Financing Sources Over Expenditures 363,926 2,204,342 1,840, ,099 FUND BALANCE - September 1 5,283,167 4,973,019 (310,148) 4,071,920 FUND BALANCE -August 31 $ 5,647,093 $ 7,177,361 $ 1,530,268 $ 4,973,

12 Schedule E-1 CAPITAL PROJECTS FUND COMPARATIVE BALANCE SHEETS AUGUST 31, 2003 AND ASSETS Cash and Cash Equivalent $ 42,363,096 $ 5,161,675 Property Tax Receivable 1,247,158 1,259,703 Accrued Interest Receivable 97,916 15,462 Due From Other Fund 62,470 1,438 Due From Other Governments 1,561,590 1,370,751 TOTAL ASSETS 45,332,230 7,809,029 LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable 2,870, ,330 Due to Other Funds 22,407 21,954 Deferred Revenue 1,247,158 1,259,703 Total Liabilities 4,139,785 1,423,987 Fund Balance: Unreserved: Designated for School Construction and Equipment 41,192,445 6,385,042 Total Fund Balance 41,192,445 6,385,042 TOTAL LIABILITIES AND FUND BALANCE $ 45,332,230 $ 7,809,

13 Schedule E-2 CAPITAL PROJECTS FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) BUDGET ACTUAL VARIANCE ACTUAL REVENUES Local Taxes $ 2,484,743 $ 2,498,520 $ 13,777 $ 2,370,274 Local Non-Tax 972,405 2,001,317 1,028,912 1,543,594 State, Special Purpose - 6,895 6,895 - TOTAL REVENUES 3,457,148 4,506,732 1,049,584 3,913,868 EXPENDITURES Capital Outlay Sites 5,000,000 44,001 4,955,999 2,684,781 Building 2,000,000 4,381,291 (2,381,291) 2,144,801 Equipment 4,000,000 1,274,037 2,725, ,011 TOTAL EXPENDITURES 11,000,000 5,699,329 5,300,671 5,596,593 Excess Of Revenues Over (Under) Expnditures (7,542,852) (1,192,597) 6,350,255 (1,682,725) OTHER FINANCING SOURCES (USES) Sale of Bonds - 36,000,000 36,000,000 - TOTAL OTHER FINANCING SOURCES (USES) - 36,000,000 36,000,000 - Excess of Revenues & Other Financing Sources Over (Under) Expenditures & Other Uses (7,542,852) 34,807,403 42,350,255 (1,682,725) FUND BALANCE - September 1 8,037,652 6,385,042 (1,652,610) 8,067,767 ` FUND BALANCE - August 31 $ 494,800 $ 41,192,445 $ 40,697,645 $ 6,385,

14 Schedule F-1 TRANSPORTATION VEHICLE FUND COMPARATIVE BALANCE SHEETS AUGUST 31, 2003 AND ASSETS Cash and Cash Equivalents $ 388,732 $ 78,073 Taxes Receivable Interest Receivable 1, TOTAL ASSETS 390,024 78,718 LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable 366,354 Deferred Revenue Tax Receivable Total Liabilities $ 366,385 $ 204 Fund Balance: Unreserved 23,639 78,514 Total Fund Balance $ 23,639 $ 78,514 TOTAL LIABILITIES AND FUND BALANCE $ 390,024 $ 78,

15 Schedule F-2 TRANSPORTATION VEHICLE FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 (WITH COMPARATIVE TOTALS FOR AUGUST 31, 2002) BUDGET ACTUAL VARIANCE ACTUAL REVENUES Local Non-Tax $ 16,763 $ 15,714 $ (1,049) $ 10,854 State, Special Purpose 478, , ,967 TOTAL REVENUES 495, ,656 (1,049) 222,821 EXPENDITURES Capital Outlay: Equipment 573, ,531 23, ,921 TOTAL EXPENDITURES 573, ,531 23, ,921 Excess of Revenues (Under) Expenditures (77,295) (54,875) 22,420 (38,100) OTHER FINANCING SOURCES (USES) Sales of surplus buses - 1,388 TOTAL OTHER FINANCING SOURCES(USES) ,388 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Uses (77,295) (54,875) 22,420 (36,712) FUND BALANCE - September 1 77,356 78,514 1, ,226 FUND BALANCE - August 31 $ 61 $ 23,639 $ 23,578 $ 78,

16 Schedule G-1 PRIVATE-PURPOSE TRUST STATEMENT OF FIDUCIARY NET ASSETS AUGUST 31, 2003 AND ASSETS Cash and Cash Equivalents $ 424,274 $ 403,144 Interest Receivable 1,086 1,289 Due From Other Funds 5,337 - TOTAL ASSETS 430, ,433 LIABILITIES - - Total Liabilities - - NET ASSETS $ 430,697 $ 404,

17 Schedule G-2 PRIVATE-PURPOSE TRUST STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 ADDITIONS: Contributions: Private Donations $ 118,681 Investment Earnings: Net Increase (Decrease) in Fair Value of Investments (5,237) Interest 13,210 TOTAL ADDITIONS 126,654 DEDUCTIONS Scholarships 86,427 Other 13,963 TOTAL DEDUCTIONS 100,390 CHANGES IN NET ASSETS 26,264 NET ASSETS - September 1 404,433 NET ASSETS - August 31 $ 430,

18 Schedule H-1 STATEMENT OF CHANGES IN LONG-TERM DEBT FOR THE FISCAL YEAR ENDED AUGUST 31, 2003 BALANCE BALANCE 9/1/2002 INCREASES DECREASES 8/31/2003 Governmental Bonds Payable 1992 A UTGO Bonds $ 1,000,000 $ 1,000,000 $ B UTGO and Refunding Bonds 20,395,000 4,695,000 15,700, UTGO Refunding Bonds 11,325,000 1,130,000 10,195, UTGO Bonds 35,100, ,000 34,500, UTGO Refunding Bonds 19,790, ,000 19,515, UTGO Bonds 36,000,000 36,000,000 Total Bonds Payable 87,610,000 36,000,000 7,700, ,910,000 Unamortized Bond Premium/Discount 657,165 1,945,125 91,274 2,511,016 Unamortized Refunding Loss (1,820,846) (513,328) (1,307,518) Net Bonds Payable 86,446,319 37,945,125 7,277, ,113,498 Compensated Absences 701, ,232 59, ,865 Total Long-Term Debt $ 87,147,530 $ 38,079,357 $ 7,337,524 $ 117,889,

19 Schedule H-2 OUTSTANDING GENERAL OBLIGATION INDEBTEDNESS AUGUST 31, 2003 Original Issue Amount Original Issue Amount Original Issue Amount Original Issue Amount Original Issue Amount $38,750,000 $22,525,000 $38,000,000 $20,880,000 $36,000,000 DUE 1992 Bond 1993 Bond 1997 Bond 1998 Bond 2003 Bond TOTAL TOTAL DATE Dated 5/1/1992 Dated 9/1/1993 Dated 3/1/1997 Dated 10/1/1998 Dated 5/8/2003 DEBT CALENDAR Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest SERVICE YEAR 12/1/03 3,030, ,301 1,160, , ,150 3,625, ,391-1,068,390 11,015,229 11,015,229 6/1/04-403, , , , , ,762 3,550,130 12/1/04 5,985, ,856 1,310, , ,225 1,220, , ,763 11,349,206 14,899,336 6/1/05-213, , , , , ,762 2,887,594 12/1/05 3,555, ,084 3,870, , ,250 1,905, , ,763 11,910,619 14,798,213 6/1/06-99,769 93, , , ,762 2,334,872 12/1/06 3,130,000 99,769 3,855,000 93, ,250 3,170, , ,763 12,489,872 14,824,744 6/1/07-906, , ,762 2,061,887 12/1/07 1,000, ,250 9,595, , ,763 12,656,888 14,718,775 6/1/08-876, ,762 1,792,012 12/1/08 3,050, , ,763 4,842,013 6,634,025 6/1/09-784, ,762 1,700,512 12/1/09 3,450, , ,763 5,150,513 6,851,025 6/1/10-698, ,762 1,614,262 12/1/10 3,000, , ,763 4,614,263 6,228,525 6/1/11-620, ,762 1,536,262 12/1/11 3,500, , ,763 5,036,263 6,572,525 6/1/12-528, ,762 1,444,387 12/1/12 3,500, , ,763 4,944,388 6,388,775 6/1/13-435, ,762 1,350,762 12/1/13 4,000, , ,763 5,350,763 6,701,525 6/1/14-327, ,762 1,242,762 12/1/14 4,000, , ,763 5,242,763 6,485,525 6/1/15-219, ,762 1,134,762 12/1/15 4,000, , ,763 5,134,763 6,269,525 6/1/16-110, ,762 1,025,762 12/1/16 4,000, , ,763 5,025,763 6,051,525 6/1/17-915, ,762 12/1/17 6,030, ,763 6,945,763 7,861,525 6/1/18-757, ,475 12/1/18 6,580, ,475 7,337,475 8,094,950 6/1/19-584, ,750 12/1/19 7,170, ,750 7,754,750 8,339,500 6/1/20-405, ,500 12/1/20 7,780, ,500 8,185,500 8,591,000 6/1/21-211, ,000 12/1/21 8,440, ,000 8,651,000 8,862,000 $ 15,700,000 $ 1,932,720 $ 10,195,000 $ 1,250,996 $ 34,500,000 $ 17,415,250 $ 19,515,000 $ 3,052,091 $ 36,000,000 $ 30,627,190 $ 170,188,247 $ 170,188,247

20 Schedule I-1 AUBURN SCHOOL DISTRICT NO.408 SCHEDULE OF CAPITAL ASSETS BY LOCATION AUGUST 31, 2003 Construction Property Location Land Buildings in Progress Equipment Totals SENIOR HIGH SCHOOLS Auburn 800 4th Street N.E. $ 592,951 $ 26,403,546 $ - $ 1,080,459 $ 28,076,956 Auburn Riverside 501 Oravetz Rd 3,509,188 31,642, ,715 35,785,129 West Auburn 401 West Main Street 16,650 3,966,302 16,590 3,999,542 Auburn Memorial 801 4th Street N.E. 47,242 6,358,208 60,614 6,466,064 MIDDLE SCHOOLS Cascade th Street NE 121,486 8,495,693 63,524 8,680,703 Mt. Baker th Street SE 2,923,600 13,453,860 94,070 16,471,530 Olympic 1825 "K" Street SE 92,532 8,773,164 14,522 8,880,218 Rainier th Ave. SE 107,681 10,956,929 30,379 11,094,989 ELEMENTARY SCHOOLS Alpac 310 Milwaukee Blvd N. 83,007 4,788,914 60,483 4,932,404 Chinook 3502 Auburn Way S. 32,985 3,513,839 78,900 3,625,724 Dick Scobee th Street NE 9,731 4,415,674 67,275 4,492,680 Evergreen Heights 5602 So 316th 22,223 2,151,056 64,695 2,237,974 Gildo Rey th Street SE 30,232 2,996,162 49,931 3,076,325 Hazelwood SE 304th Street 230,323 5,614,612 22,831 5,867,766 Ilalko 301 Oravetz Pl SE 2,007,182 6,770,908 89,749 8,867,839 Lake View SE 318th 408,702 4,273,651 48,255 4,730,608 Lea Hill th Ave. SE 21,620 3,774, ,421 3,915,046 Pioneer 2301 "M" Street SE 18,082 3,140,723 45,729 3,204,534 Terminal Park 1101 "D" Street SE 26,603 2,955,375 54,517 3,036,495 Washington 20 "E" Street NE 10,000 6,723,246 65,758 6,799,004 OTHER LOCATIONS James P. Fugate Center 915 4th Street NE 88, , ,809 1,730,044 Administration Annex 502 4th Street NE 232, ,770 6, ,448 Support Services Center th Street SW 1,046,802 4,466,330 1,178,989 6,692,121 Transportation th Street SW 18 4,661,051 8,303,069 12,964,138 Portables Various Sites 2,033,924 2,033,924 Miscellaneous Sites Various Sites 354, , ,183 Construction in Progress 16,580,881 16,580,881 TOTALS $ 12,034,296 $ 173,910,776 $ 16,580,881 $ 12,991,316 $ 215,517,

21 Schedule I-2 STATEMENT OF CHANGES IN CAPITAL ASSETS AUGUST 31, 2003 CAPITAL ADDITIONS DELETIONS CAPITAL ASSETS ASSETS CAPITAL ASSET TYPES 9/1/2002 8/31/2003 Land $ 12,034,296 $ - $ - $ 12,034,296 Building and Improvements 175,151, ,863 (2,119,614) 173,910,776 Equipment 12,166,871 1,456,104 (631,659) 12,991,316 Construction In Progress 13,431,629 5,699,329 (2,550,077) 16,580,881 Totals at Historical Cost 212,784,323 8,034,296 (5,301,350) 215,517,269 Less: Accumulated Depreciation Building and Improvements (47,521,445) (3,573,973) (51,095,418) Equipment (8,790,783) (926,474) 631,659 (9,085,598) Total Accumulated Depreciation (56,312,228) (4,500,447) 631,659 (60,181,016) Capital Assets, Net of Accumulated Depreciation $ 156,472,095 $ 3,533,849 $ (4,669,691) $ 155,336,

22 SCHEDULE OF CAPITAL ASSETS BY FUNCTION AND ACTIVITY AUGUST 31, 2003 Schedule I-3 Construction Function and Activity Land Buildings in Progress Equipment Totals ADMINISTRATION Administration $ - $ - $ - $ 81,946 $ 81,946 General Buildings 321,335 3,615,303 3,936,638 Total Administration 321,335 3,615,303 81,946 4,018,584 INSTRUCTION Supervision 32,785 32,785 Learning Resources 31,319 31,319 Teaching 2,214,314 2,214,314 Extracurricular 255, ,216 School Buildings 10,666, ,168, ,834,233 Total 10,666, ,168,092 2,533, ,367,867 CHILD NUTRITION SERVICES Operations 244, ,365 Total , ,365 PUPIL TRANSPORTATION Supervision 18 4,661, ,736 4,767,805 Maintenance 7,911,351 7,911,351 Total 18 4,661,051 8,018,087 12,679,156 MAINTENANCE & OPERATIONS Supervision 1,046,802 4,466,330 41,488 5,554,620 Grounds Care 440, ,779 Operations of Plant 396, ,964 Maintenance - 352, ,426 Total 1,046,802 4,466,330 1,231,657 6,744,789 OTHER SERVICES Information Technology 670, ,904 Printing & Graphics - 48,485 48,485 Warehousing - 162, ,238 Total - 881, ,627 CONSTRUCTION IN PROGRESS 16,580,881 16,580,881 Total $ 12,034,296 $ 173,910,776 $ 16,580,881 $ 12,991,316 $ 215,517,

23 SUMMARY AMORTIZATION SCHEDULE FOR ALL OUTSTANDING BONDS BOND PREMIUM, DISCOUNT, REFUNDING ADJUSTMENT FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J-1 Date Payment Interest Expense Premium/ Discount Amortized Unamortized Premium/ Discount Principal $ $ - $ - $ 4,555 - Refunding Adjustment Amortized Unamortized Refunding Adjustment Bond Carrying Value $ $ - $ 1,394,786 $ 37,359,769 05/01/92-12/01/92 1,412,779 1,412, ,398-58,116 1,336,670 37,417,728 06/01/93 1,210,954 1,210, ,241-58,116 1,278,554 37,475,687 12/01/93 2,074,899 1,467,402 (7,183) (186,745) 600, ,166 3,771,687 56,716,568 06/01/94 1,714,724 1,707,227 (7,183) (179,562) - 160,166 3,611,521 56,883,917 12/01/94 2,229,724 1,707,227 (7,183) (172,379) 515, ,166 3,451,355 56,536,266 06/01/95 1,706,021 1,698,524 (7,183) (165,196) - 160,166 3,291,189 56,703,615 12/01/95 1,826,022 1,698,525 (7,183) (158,013) 120, ,166 3,131,023 56,750,964 06/01/96 1,703,022 1,695,525 (7,183) (150,830) - 160,166 2,970,857 56,918,313 12/01/96 3,698,022 1,695,525 (7,183) (143,647) 1,995, ,166 2,810,691 55,090,662 06/01/97 2,511,917 2,146, , , ,166 2,650,524 93,213,007 12/01/97 4,621,067 2,640, ,894 1,965, ,166 2,490,358 91,407,536 06/01/98 3,450,022 2,334, ,257 1,100, ,166 2,330,192 82,377,065 12/01/98 6,278,598 2,428,281 45, ,624 3,790, ,664 3,617,493 98,989,131 06/01/99 2,973,024 2,662,707 45, , , ,664 3,360,829 98,950,158 12/01/99 6,802,899 2,657,582 45, ,350 4,085, ,664 3,104,165 95,076,185 06/01/00 2,921,020 2,560,703 45, , , ,664 2,847,501 94,987,212 12/01/00 7,209,720 2,554,403 45, ,076 4,595, ,664 2,590,837 90,603,239 06/01/01 2,896,544 2,436,227 45, , , ,664 2,334,174 90,414,265 12/01/01 7,378,044 2,427,727 45, ,802 4,890, ,664 2,077,510 85,735,292 06/01/02 2,847,779 2,287,462 45, , , ,664 1,820,846 85,446,319 12/01/02 8,436,903 2,276,586 45, ,528 6,100, ,664 1,564,182 79,557,346 06/01/03 2,759,868 2,099,551 45,637 2,511, , ,664 1,307, ,113,498 12/01/03 11,029,908 3,102,020 98,208 2,412,808 7,815, ,664 1,050, ,456,953 06/01/04 3,564,811 2,751,923 98,208 2,314, , , , ,915,409 12/01/04 11,363,885 2,735,997 98,208 2,216,392 8,515, , , ,500,749 06/01/05 2,902,274 2,489,386 98,208 2,118, , , , ,301,089 12/01/05 11,925,298 2,482,410 98,208 2,019,976 9,330, , ,548 91,071,428 06/01/06 2,349,552 2,236,662 98,210 1,921, ,548-91,171,766 12/01/06 12,504,529 2,236,652 98,219 1,823,547 10,155, ,918,547 06/01/07 2,061,888 1,956, ,391 1,718, ,813,156 12/01/07 12,656,887 1,956, ,395 1,612,761 10,595, ,112,761 06/01/08 1,792,013 1,731,622 60,391 1,552, ,052,370 12/01/08 4,842,012 1,731,621 60,391 1,491,979 3,050, ,941,979 06/01/09 1,700,513 1,640,122 60,391 1,431, ,881,588 12/01/09 5,150,512 1,640,121 60,391 1,371,197 3,450, ,371,197 06/01/10 1,614,263 1,553,872 60,391 1,310, ,310,806 12/01/10 4,614,262 1,553,871 60,391 1,250,415 3,000, ,250,415 06/01/11 1,536,263 1,475,872 60,391 1,190, ,190,024 12/01/11 5,036,262 1,475,871 60,391 1,129,633 3,500, ,629,633 06/01/12 1,444,388 1,383,997 60,391 1,069, ,569,242 12/01/12 4,944,387 1,383,996 60,391 1,008,851 3,500, ,008,851 06/01/13 1,350,763 1,290,372 60, , ,948,460 12/01/13 5,350,762 1,290,371 60, ,069 4,000, ,888,069 06/01/14 1,242,763 1,182,372 60, , ,827,678 12/01/14 5,242,762 1,182,371 60, ,287 4,000, ,767,

24 SUMMARY AMORTIZATION SCHEDULE FOR ALL OUTSTANDING BONDS BOND PREMIUM, DISCOUNT, REFUNDING ADJUSTMENT FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J-1 (Page 2 of 2) Date Payment Interest Expense Premium/ Discount Amortized Unamortized Premium/ Discount Principal Refunding Adjustment Amortized Unamortized Refunding Adjustment Bond Carrying Value 06/01/15 1,134,763 1,074,372 60, , ,706,896 12/01/15 5,134,762 1,074,371 60, ,505 4,000, ,646,505 06/01/16 1,025, ,372 60, , ,586,114 12/01/16 5,025, ,356 60, ,708 4,000, ,525,708 06/01/17 915, ,192 52, , ,473,137 12/01/17 6,945, ,191 52, ,566 6,030, ,390,566 06/01/18 757, ,904 52, , ,337,995 12/01/18 7,337, ,904 52, ,424 6,580, ,705,424 06/01/19 584, ,179 52, , ,652,853 12/01/19 7,754, ,179 52, ,282 7,170, ,430,282 06/01/20 405, ,929 52, , ,377,711 12/01/20 8,185, ,929 52, ,140 7,780, ,545,140 06/01/21 211, ,430 52,570 52, ,492,570 12/01/21 8,651, ,430 52,570-8,440, $ 248,954,554 $ 97,573,886 $ 2,919,330 $ 148,065,

25 AMORTIZATION SCHEDULE BOND PREMIUM AND REFUNDING ADJUSTMENT 1992B-BONDS FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J B Unlimited Tax General Obligation and Refunding Bond Issue (Refunded 1988 Bonds) Date Payment Refunding Unamortized Interest Premium Unamortized Bond Carrying Principal Adjustment Refunding Expense Amortized Premium Value Amortized Adjustment 05/01/92 $ - $ - $ 4,555 $ - $ - $ 1,394,786 $ 37,359,769 12/01/92 1,412,779 1,412,622 $ 157 4,398-58,116 1,336,670 37,417,728 06/01/93 1,210,954 1,210, ,241-58,116 1,278,554 37,475,687 12/01/93 1,320,954 1,210, , ,000 58,116 1,220,438 37,423,646 06/01/94 1,208,864 1,208, ,927-58,116 1,162,322 37,481,605 12/01/94 1,323,864 1,208, , ,000 58,116 1,104,206 37,424,564 06/01/95 1,206,161 1,206, ,613-58,116 1,046,090 37,482,524 12/01/95 1,326,161 1,206, , ,000 58, ,973 37,420,483 06/01/96 1,203,161 1,203, ,299-58, ,857 37,478,442 12/01/96 1,893,161 1,203, , ,000 58, ,741 36,846,401 06/01/97 1,185,049 1,184, ,985-58, ,625 36,904,360 12/01/97 1,810,049 1,184, , ,000 58, ,509 36,337,319 06/01/98 905, , ,671-58, ,393 28,305,278 12/01/98 1,985, , ,514 1,080,000 58, ,277 27,283,237 06/01/99 871, , ,357-58, ,161 27,341,196 12/01/99 2,341, , ,200 1,470,000 58, ,045 25,929,155 06/01/00 828, , ,043-58, ,929 25,987,114 12/01/00 3,103, , ,886 2,275,000 58, ,813 23,770,073 06/01/01 760, , ,729-58, ,697 23,828,033 12/01/01 4,540, , ,572 3,780,000 58, ,580 20,105,992 06/01/02 644, , ,415-58, ,464 20,163,951 12/01/02 5,339, , ,258 4,695,000 58, ,348 15,526,910 06/01/03 499, , ,101-58, ,232 15,584,869 12/01/03 3,529, , ,030,000 58,116 58,116 12,612,828 06/01/04 403, , ,116-12,670,787 12/01/04 6,388, , ,985,000 6,685,630 06/01/05 213, , ,685,473 12/01/05 3,768, , ,555,000 3,130,316 06/01/06 99,768 99, ,130,157 12/01/06 3,229,768 99, ,130,000 - $ 54,552,945 $ 23,888,390 $ 4,555 $ 30,660,000 Refunded in ,090,000 Total Original Issue $ 38,750,

26 AMORTIZATION SCHEDULE BOND DISCOUNT AND REFUNDING ADJUSTMENT 1993 BONDS FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J Unlimited Tax General Obligation Refunding Bonds (Refunded 1986, 1987, 1990 Bond Issues) Refunding Unamortized Interest Discount Unamortized Date Payment Principal Loss Refunding Expense Ammortized Discount Amortized Loss Bond Carrying Value 09/20/93 $ - $ - $ 198,169 $ - $ - $ 2,653,299 $ 19,673,532 12/01/93 753, ,605 $ 7, , , ,050 2,551,249 19,292,922 06/01/94 505, ,520 7, , ,050 2,449,199 19,402,312 12/01/94 905, ,520 7, , , ,050 2,347,149 19,111,702 06/01/95 499, ,520 7, , ,050 2,245,099 19,221,092 12/01/95 499, ,521 7, , ,050 2,143,049 19,330,482 06/01/96 499, ,521 7, , ,050 2,040,999 19,439,872 12/01/96 1,804, ,521 7, ,789 1,305, ,050 1,938,949 18,244,262 06/01/97 475, ,378 7, , ,050 1,836,899 18,353,652 12/01/97 1,815, ,378 7, ,109 1,340, ,050 1,734,849 17,123,042 06/01/98 449, ,248 7, , ,050 1,632,799 17,232,432 12/01/98 2,669, ,248 7, ,429 2,220, ,050 1,530,749 15,121,822 06/01/99 405, ,848 7, , ,050 1,428,699 15,231,212 12/01/99 2,725, ,848 7, ,749 2,320, ,050 1,326,650 13,020,602 06/01/00 356, ,128 7,340 95, ,050 1,224,600 13,129,991 12/01/00 2,371, ,128 7,340 88,069 2,015, ,050 1,122,550 11,224,381 06/01/01 312, ,302 7,340 80, ,050 1,020,500 11,333,771 12/01/01 1,422, ,302 7,340 73,389 1,110, , ,450 10,333,161 06/01/02 287, ,327 7,340 66, , ,400 10,442,551 12/01/02 1,417, ,327 7,340 58,709 1,130, , ,350 9,421,941 06/01/03 261, ,337 7,340 51, , ,300 9,531,331 12/01/03 1,421, ,337 7,340 44,029 1,160, , ,250 8,480,721 06/01/04 234, ,077 7,340 36, , ,200 8,590,111 12/01/04 1,544, ,077 7,340 29,349 1,310, , ,150 7,389,501 06/01/05 202, ,637 7,340 22, , ,100 7,498,891 12/01/05 4,072, ,637 7,340 14,669 3,870, , ,050 3,738,281 06/01/06 108, ,306 7,340 7, ,050-3,847,671 12/01/06 3,963, ,295 7,329-3,855,000 - $ 31,990,062 $ 9,266,893 $ 198,169 $ 22,525,

27 AMORTIZATION SCHEDULE BOND PREMIUM 1997 BONDS FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J Unlimited Tax General Obligation Bond Issue Date Premium Unamortized Principal Bond Carrying Payment Interest Expense Amortized Premium Payment Value 03/13/97 $ 312,815 $ 38,312,815 06/01/97 $ 851,150 $ 493,330 $ 7, ,995 $ 350,000 37,954,995 12/01/97 995, ,480 7, ,175-37,947,175 06/01/98 2,095, ,480 7, ,355 1,100,000 36,839,355 12/01/98 973, ,480 7, ,535-36,831,535 06/01/99 1,223, ,480 7, , ,000 36,573,715 12/01/99 968, ,355 7, ,895-36,565,895 06/01/00 1,268, ,355 7, , ,000 36,258,075 12/01/00 961, ,055 7, ,255-36,250,255 06/01/01 1,361, ,055 7, , ,000 35,842,435 12/01/01 953, ,555 7, ,615-35,834,615 06/01/02 1,453, ,555 7, , ,000 35,326,795 12/01/02 942, ,680 7, ,975-35,318,975 06/01/03 1,542, ,680 7, , ,000 34,711,155 12/01/03 929, ,330 7, ,335-34,703,335 06/01/04 1,629, ,330 7, , ,000 33,995,515 12/01/04 913, ,405 7, ,695-33,987,695 06/01/05 1,213, ,405 7, , ,000 33,679,875 12/01/05 906, ,430 7, ,055-33,672,055 06/01/06 906, ,430 7, ,235-33,664,235 12/01/06 906, ,430 7, ,415-33,656,415 06/01/07 906, ,430 7, ,595-33,648,595 12/01/07 1,906, ,430 7, ,775 1,000,000 32,640,775 06/01/08 876, ,430 7, ,955-32,632,955 12/01/08 3,926, ,430 7, ,135 3,050,000 29,575,135 06/01/09 784, ,930 7, ,315-29,567,315 12/01/09 4,234, ,930 7, ,495 3,450,000 26,109,495 06/01/10 698, ,680 7, ,675-26,101,675 12/01/10 3,698, ,680 7,820 93,855 3,000,000 23,093,855 06/01/11 620, ,680 7,820 86,035-23,086,035 12/01/11 4,120, ,680 7,820 78,215 3,500,000 19,578,215 06/01/12 528, ,805 7,820 70,395-19,570,395 12/01/12 4,028, ,805 7,820 62,575 3,500,000 16,062,575 06/01/13 435, ,180 7,820 54,755-16,054,755 12/01/13 4,435, ,180 7,820 46,935 4,000,000 12,046,935 06/01/14 327, ,180 7,820 39,115-12,039,115 12/01/14 4,327, ,180 7,820 31,295 4,000,000 8,031,295 06/01/15 219, ,180 7,820 23,475-8,023,475 12/01/15 4,219, ,180 7,820 15,655 4,000,000 4,015,655 06/01/16 110, ,180 7,820 7,835-4,007,835 12/01/16 4,110, ,165 7,835-4,000,000 - $ 67,505,450 $ 29,192,635 $ 312,815 $ 38,000,

28 AMORTIZATION SCHEDULE BOND PREMIUM AND REFUNDING ADJUSTMENT 1998 BONDS FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J-5 Date 1998 Unlimited Tax General Obligation Refunding Bonds (Refunded 1992 Bonds) Refunding Unamortized Interest Premium Unamortized Payment Principal Adjustment Refunding Expense Amortized Premium Amortized Adjustment Bond Carrying Value 10/13/98 $ - $ - $ 855,004 $ - $ 1,543,964 $ 20,191,040 12/01/98 650, ,576 $ 45, , ,000 96,498 1,447,466 19,752,538 06/01/99 473, ,153 45, ,004-96,498 1,350,969 19,804,036 12/01/99 768, ,153 45, , ,000 96,498 1,254,471 19,560,533 06/01/00 467, ,991 45, ,004-96,498 1,157,973 19,612,031 12/01/00 772, ,991 45, , ,000 96,498 1,061,475 19,358,529 06/01/01 461, ,891 45, ,004-96, ,978 19,410,027 12/01/01 461, ,891 45, ,004-96, ,480 19,461,524 06/01/02 461, ,891 45, ,004-96, ,982 19,513,022 12/01/02 736, ,890 45, , ,000 96, ,484 19,289,520 06/01/03 456, ,390 45, ,004-96, ,987 19,341,018 12/01/03 4,081, ,390 45, ,004 3,625,000 96, ,489 15,767,515 06/01/04 381, ,625 45, ,004-96, ,991 15,819,013 12/01/04 1,601, ,625 45, ,004 1,220,000 96, ,493 14,650,511 06/01/05 357, ,225 45, ,004-96, ,996 14,702,009 12/01/05 2,262, ,225 45, ,004 1,905,000 96,498 96,498 12,848,506 06/01/06 319, ,125 45, ,004-96,498-12,900,004 12/01/06 3,489, ,125 45,000 90,004 3,170,000 9,685,004 06/01/07 239, ,875 45,000 45,004-9,640,004 12/01/07 9,834, ,871 45,004-9,595,000 - $ 28,278,907 $ 6,543,903 $ 855,004 $ 20,880,

29 AMORTIZATION SCHEDULE BOND PREMIUM 2003 BONDS FOR THE YEAR ENDED AUGUST 31, 2003 Schedule J Unlimited Tax General Obligation Bond Issue Date Payment Interest Expense Premium Amortized Unamortized Premium Principal Bond Carrying Value 05/08/03 $ - $ - $ - $ 1,945,125 $ - $ 37,945,125 12/01/03 1,068,390 1,015,819 52,571 1,892,554-37,892,554 06/01/04 915, ,192 52,571 1,839,983-37,839,983 12/01/04 915, ,191 52,571 1,787,412-37,787,412 06/01/05 915, ,192 52,571 1,734,841-37,734,841 12/01/05 915, ,191 52,571 1,682,270-37,682,270 06/01/06 915, ,192 52,571 1,629,699-37,629,699 12/01/06 915, ,191 52,571 1,577,128-37,577,128 06/01/07 915, ,192 52,571 1,524,557-37,524,557 12/01/07 915, ,191 52,571 1,471,986-37,471,986 06/01/08 915, ,192 52,571 1,419,415-37,419,415 12/01/08 915, ,191 52,571 1,366,844-37,366,844 06/01/09 915, ,192 52,571 1,314,273-37,314,273 12/01/09 915, ,191 52,571 1,261,702-37,261,702 06/01/10 915, ,192 52,571 1,209,131-37,209,131 12/01/10 915, ,191 52,571 1,156,560-37,156,560 06/01/11 915, ,192 52,571 1,103,989-37,103,989 12/01/11 915, ,191 52,571 1,051,418-37,051,418 06/01/12 915, ,192 52, ,847-36,998,847 12/01/12 915, ,191 52, ,276-36,946,276 06/01/13 915, ,192 52, ,705-36,893,705 12/01/13 915, ,191 52, ,134-36,841,134 06/01/14 915, ,192 52, ,563-36,788,563 12/01/14 915, ,191 52, ,992-36,735,992 06/01/15 915, ,192 52, ,421-36,683,421 12/01/15 915, ,191 52, ,850-36,630,850 06/01/16 915, ,192 52, ,279-36,578,279 12/01/16 915, ,191 52, ,708-36,525,708 06/01/17 915, ,192 52, ,137-36,473,137 12/01/17 6,945, ,191 52, ,566 6,030,000 30,390,566 06/01/18 757, ,904 52, ,995-30,337,995 12/01/18 7,337, ,904 52, ,424 6,580,000 23,705,424 06/01/19 584, ,179 52, ,853-23,652,853 12/01/19 7,754, ,179 52, ,282 7,170,000 16,430,282 06/01/20 405, ,929 52, ,711-16,377,711 12/01/20 8,185, ,929 52, ,140 7,780,000 8,545,140 06/01/21 211, ,430 52,570 52,570-8,492,570 12/01/21 8,651, ,430 52,570-8,440,000 - $ 66,627,190 $ 28,682,065 $ 1,945,125 $ 36,000,