Local School District Type (select one): Type II
1 Term Bonds $ -
2 Serial Bonds
4 Total Bonds and Notes $ 91,391,
$ 91,391,973.00
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.
Sinking funds on hand for bonds shown as Line 1 but not in excess of such bonds. funds on hand in those cases where such funds cannot be divested to purposes other than the payment of bonds and notes included in Line 4.
5
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 64.
6
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.
7
8 % of average of equalized valuations $ 6,653,462,302.67 4.00% $ 266,138,492.11 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 (NJSA 18A:58-33.4(d)) $ 266,138,492.11
10 Total Potential Deduction $ 91,391,973.00
Total Allowable Deduction $ 91,391,973.00