DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SCHOOL PURPOSES

Amounts held for the sole purpose of paying bonds and notes included on the opposite page (Items 1,2,3,5,6)

  1. Sinking funds in hand for bonds shown as Line 1, page 2 of this statement but not in excess of such bonds. (50211-00)
  2. Funds in hand in those cases where such funds cannot be diverted to purposes other than the payment of bonds and notes included in Line 4, Page 2. (50212-00)
  3. 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 Page2. (50213-00)
  4. 4.000% per centum of average of equalized valuations (50221-00) 292,954,945.37
  5. as stated in Line 5, Page 1 (50214-00)
  6. Instructions re: Line 4.
  7. Use applicable per centum as follows:
  8. 2 1/2% Kindergarden or Grade 1 through Grade 6
  9. 3% Kindergarden or Grade 1 through Grade 8
  10. 3 1/2% Kindergarden or Grade 1 through Grade 9
  11. 4% Kindergarden or Grade 1 through Grade 12
  12. Other (insert applicable description)
  13. 4.00% %
  14. (50222-00)
  15. Additional State School Building Aid Bonds
  16. (N J.S.A. 18A:58-33.4(d)). (50220-00)
  17. Total (50215-00) $292,954,945.37
  18. School Debt as shown by Line 4, Page2. (50216-00) $107,640,000.00
  19. Deduction for school Debt included in Line 4, Page 2 (smaller of Line 6 or 7). (50217-00) $107,640,000.00
  20. Regional School debt as Shown by Line 7, Page2. (50218-00) $0.00

Page Total $107,640,000.00\n(50219-00)

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