Board of Education of the Borough of Spring Lake Heights Monmouth County

• Issue Currency: United States of America Dollars
• Announcement Date: 20-Jun-2018
• News: Spring Lake Heights Borough School District Monmouth County June 07, 2018 Relates To: Issuer Insurer Other Credit Enhancement Program Name of Insurer or Program: NJ School Bond Reserve Program Standard & Poors Moody`s Investor Service Fitch Investors Service Kroll Bond Agency Rating Agency: From: A- To: BBB+ Phoenix Advisors, LLC 4 W. Park Street Bordentown, NJ 08505 Phone: 609.291.0130 E-Mail: compliance@muniadvisors.com Filing Date: June 20, 2018 Filed By: This Notice has been associated with all CUSIPs believed to be affected by this Material Event. ISSUER UNDERLYING RATING IS NOT AFFECTED BY THIS CHANGE

• Issue Currency: *****
• Announcement Date: 14-Sep-2018
• News: NOTICE IS HEREBY GIVEN to the bondholders of the Borough of Spring Lake Heights, in the County of Monmouth, New Jersey (the Issuer) that the Issuer failed in a timely manner to provide annual audited financial information as required for year-end December 31, 2015 and 2017. The Issuer has since filed these documents.