1999 ORCSD 45th Annual Report
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BONDS AND NOTES

Mast Way/Moharimet Additions and Renovations

Debt service schedule for $2,335,000 Oyster River Cooperative School District Construction Bonds: Effective interest cost of state guaranteed part ($1,400,000) 5.498180%; Effective interest cost of non-state guaranteed part ($935,000) 5.603067%.

MATURITY SCHEDULE

Date DueOutstandingPrincipalInterestTotal
12/15/98 1,645,000.00 45,287.50 45,287.50
6/15/99 1,645,000.00 175,000.00 45,287.50 220,287.50
12/15/99 1,470,000.00 40,637.50 40,637.50
6/15/00 1,470,000.00 175,000.00 40,637.50 215,637.50
12/15/00 1,295,000.00 35,962.50 35,962.50
6/15/01 1,295,000.00 175,000.00 35,962.50 210,962.50
12/15/01 1,120,000.00 31,287.50 31,287.50
6/15/02 1,120,000.00 175,000.00 31,287.50 206,287.50
12/15/02 945,000.00 26,612.50 26,612.50
6/15/03 945,000.00 175,000.00 26,612.50 201,612.50
12/15/03 770,000.00 21,900.00 21,900.00
6/15/04 770,000.00 175,000.00 21,900.00 196,900.00
12/15/04 595,000.00 17,100.00 17,100.00
6/15/05 595,000.00 150,000.00 17,100.00 167,100.00
12/15/05 445,000.00 12,900.00 12,900.00
6/15/06 445,000.00 150,000.00 12,900.00 162,900.00
12/15/06 295,000.00 8,625.00 8,625.00
6/15/07 295,000.00 150,000.00 8,625.00 158,625.00
12/15/07 145,000.00 4,275.00 4,275.00
6/15/08 145,000.00 145,000.00 4,275.00 149,275.00

Moharimet School Building Construction

Debt service schedule for $3,200,000 Oyster River Cooperative School District construction bonds: Effective interest cost 6.68164; dated August 15, 1988.

MATURITY SCHEDULE

Date DueOutstandingPrincipalInterestTotal
2/15/98 500,000.00 16,750.00 16,750.00
8/15/98 200,000.00 300,000.00 16,750.00 316,750.00
2/15/99 200,000.00 6,700.00 6,700.00
8/15/99 200,000.00 6,700.00 206,700.00

Oyster River High School Improvements (ADA)

Bond anticipation notes: Initial borrowing for $140,000 at 3.20% annual interest rate; renewal at 5.50%.

Completed 7/10/98

Oyster River Middle School Additions and Renovations

Debt service schedule for $5,105,000 Oyster River Cooperative School District Construction Bonds: Effective interest cost of Phase I ($2,605,000) 5.07523%.

PHASE I MATURITY SCHEDULE

Date DueOutstandingPrincipalInterestTotal
07/15/98 2,255,000.00 175,000.00 56,685.00 231,685.00
01/15/99 2,080,000.00 52,441.25 52,441.25
07/15/99 2,080,000.00 175,000.00 52,441.25 227,441.25
01/15/00 1,905,000.00 48,153.75 48,153.75
07/15/00 1,905,000.00 175,000.00 48,153.75 223,153.75
01/15/01 1,730,000.00 43,866.25 43,866.25
07/15/01 1,730,000.00 175,000.00 43,866.25 218,866.25
01/15/02 1,555,000.00 39,578.75 39,578.75
07/15/02 1,555,000.00 175,000.00 39,578.75 214,578.75
01/15/03 1,380,000.00 35,291.25 35,291.25
07/15/03 1,380,000.00 175,000.00 35,291.25 210,291.25
01/15/04 1,205,000.00 31,003.75 31,003.75
07/15/04 1,205,000.00 175,000.00 31,003.75 206,003.75
01/15/05 1,030,000.00 26,716.25 26,716.25
07/15/05 1,030,000.00 175,000.00 26,716.25 201,716.25
01/15/06 855,000.00 22,341.25 22,341.25
07/15/06 855,000.00 175,000.00 22,341.25 197,341.25
01/15/07 680,000.00 17,966.25 17,966.25
07/15/07 680,000.00 175,000.00 17,966.25 192,966.25
01/15/08 505,000.00 13,460.00 13,460.00
07/15/08 505,000.00 175,000.00 13,460.00 188,460.00
01/15/09 330,000.00 8,822.50 8,822.50
07/15/09 330,000.00 175,000.00 8,822.50 183,822.50
01/15/10 155,000.00 4,185.00 4,185.00
07/15/10 155,000.00 155,000.00 4,185.00 159,185.00

Effective interest cost of Phase II ($2,500,000) 5.2607574%.

PHASE II MATURITY SCHEDULE

Date DueOutstandingPrincipalInterestTotal
07/15/97 2,500,000.00 175,000.00 65,231.25 240,231.25
01/15/98 2,325,000.00 60,768.75 60,768.75
07/15/98 2,325,000.00 175,000.00 60,768.75 235,768.75
01/15/99 2,150,000.00 56,306.25 56,306.25
07/15/99 2,150,000.00 175,000.00 56,306.25 231,306.25
01/15/00 1,975,000.00 51,843.75 51,843.75
07/15/00 1,975,000.00 175,000.00 51,843.75 226,843.75
01/15/01 1,800,000.00 47,381.25 47,381.25
07/15/01 1,800,000.00 175,000.00 47,381.25 222,381.25
01/15/02 1,625,000.00 42,918.75 42,918.75
07/15/02 1,625,000.00 175,000.00 42,918.75 217,918.75
01/15/03 1,450,000.00 38,368.75 38,368.75
07/15/03 1,450,000.00 175,000.00 38,368.75 213,368.75
01/15/04 1,275,000.00 33,818.75 33,818.75
07/15/04 1,275,000.00 175,000.00 33,818.75 208,818.75
01/15/05 1,100,000.00 29,268.75 29,268.75
07/15/05 1,100,000.00 175,000.00 29,268.75 204,268.75
01/15/06 925,000.00 24,718.75 24,718.75
07/15/06 925,000.00 175,000.00 24,718.75 199,718.75
01/15/07 750,000.00 20,168.75 20,168.75
07/15/07 750,000.00 175,000.00 20,168.75 195,168.75
01/15/08 575,000.00 15,575.00 15,575.00
07/15/08 575,000.00 175,000.00 15,575.00 190,575.00
01/15/09 400,000.00 10,937.50 10,937.50
07/15/09 400,000.00 175,000.00 10,937.50 185,937.50
01/15/10 225,000.00 6,212.50 6,212.50
07/15/10 225,000.00 175,000.00 6,212.50 181,212.50
01/15/11 50,000.00 1,400.00 1,400.00
07/15/11 50,000.00 50,000.00 1,400.00 51,400.00

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