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Alternate Revenue Bonds (Debt Service Coverage)

Operations and
Maintenance Fund
Fiscal Property Tax Debt Service on Debt Service on Debt Service
Year State Aid (1) Revenues (2) the 2020C Bonds the 2020E Bonds Total Coverage
2021 $ 9,242,885 $ 3,972,773 $ 1,711,386 $ 126,012 $ 1,837,398 7.19
2022 9,242,885 3,972,773 1,717,325 125,510 1,842,835 7.17
2023 9,242,885 3,972,773 1,718,525 124,530 1,843,055 7.17
2024 9,242,885 3,972,773 1,718,525 123,550 1,842,075 7.17
2025 9,242,885 3,972,773 1,717,325 122,570 1,839,895 7.18
2026 9,242,885 3,972,773 1,719,825 121,590 1,841,415 7.18
2027 9,242,885 3,972,773 1,716,025 125,540 1,841,565 7.18
2028 9,242,885 3,972,773 1,715,925 124,420 1,840,345 7.18
2029 9,242,885 3,972,773 803,025 1,040,280 1,843,305 7.17
2030 9,242,885 3,972,773 803,025 1,042,700 1,845,725 7.16
2031 9,242,885 3,972,773 803,025 1,039,350 1,842,375 7.17
2032 9,242,885 3,972,773 1,866,325 1,866,325 7.08
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2033 9,242,885 3,972,773 1,867,025 1,867,025 7.08
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2034 9,242,885 3,972,773 1,865,925 1,865,925 7.08
2035 9,242,885 3,972,773 1,867,925 1,867,925 7.08
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2036 9,242,885 3,972,773 1,867,925 1,867,925 7.08
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2037 9,242,885 3,972,773 1,865,925 1,865,925 7.08
2038 9,242,885 3,972,773 1,866,825 1,866,825 7.08
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2039 9,242,885 3,972,773 1,865,525 1,865,525 7.08
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2040 9,242,885 3,972,773 1,866,925 1,866,925 7.08
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2041 9,242,885 3,972,773 1,865,925 1,865,925 7.08
2042 9,242,885 3,972,773 1,863,663 1,863,663 7.09
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2043 9,242,885 3,972,773 1,865,444 1,865,444 7.08
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2044 9,242,885 3,972,773 1,865,438 1,865,438 7.08
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2045 9,242,885 3,972,773 1,868,563 1,868,563 7.07
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2046 9,242,885 3,972,773 1,864,819 1,864,819 7.09
Total: $ 44,138,111 $ 4,116,052 $ 48,254,163

(1) Consists of certain State Aid revenue in the Educational Fund for its fiscal year ended June 30, 2020, as set forth in the
District’s Comprehensive Annual Financial Report for the fiscal year ended June 30, 2020 (the “Audit”). State Aid is one
component of the Pledged Revenues. The District expects to use the Pledged Revenues, including State Aid, not necessary
to pay debt service on the Bonds and the 2020E Bonds in any year for the operations of the District.
(2) Consists of property tax revenue in the Operations and Maintenance Fund for its fiscal year ended June 30, 2020, as set
forth in the Audit. Such property taxes are one component of the Pledged Revenues. The District expects to use the
Pledged Revenues, including such property taxes, not necessary to pay debt service on the Bonds and the 2020E Bonds in
any year for the operations of the District.

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