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<br />Estimated Sources and Uses of Funds
<br />
<br />Bonds Sold
<br />Less
<br />Discount & Insurance
<br />Costs of Issuance
<br />Reserve Fund (Maximum Annual Debt Service)
<br />Equals
<br />Net Proceeds
<br />Allocated to Operating Reserve
<br />Allocated to Project Expenses
<br />
<br />FY 2005/06
<br />
<br />FY 2006/07 FY 2007/08
<br />
<br />Attachment II
<br />
<br />FY 2008/09
<br />
<br />Total
<br />
<br />26,000,000 11,135,000 7,120,000 14,270,000 58,525,000
<br />550,181 244,404 156,278 313,214 1,264,076
<br />200,000 205,000 200,000 200,000 805,000
<br />1.691.337 766.148 489.894 981.853 3.929,233
<br />23.558,482 9.919,448 6.273.828 12.774.933 52.526,691
<br />- - - -
<br />23,558,482 9,919,448 6,273,828 12,774,933 52,526,691
<br />
<br />Assumptions
<br />Expenditure Requirements 16,477,000 17,000,000
<br />Surplus Proceeds 7,081,482-
<br />Less Bond Proceeds Carry-over - (7.081,482)
<br />Proceeds Target 23,558,482 9,918,518
<br />Amortization Term 30 30
<br />Average Interest Rate 5.00% 5.50%
<br />Issuance Expense Target 200,000 200,000
<br />Discount (% of Par Amount Sold) 0.75% 0.75%
<br />Insurance Premium (% of Total Debt Service) 0.70% 0.70%
<br />All bond sales in February with first debt service payment due the following fiscal
<br />
<br />6,270,000
<br />
<br />6,270,000
<br />30
<br />5.50%
<br />200,000
<br />0.75%
<br />0.70%
<br />year
<br />
<br />12,774,500
<br />
<br />12,774,500
<br />30
<br />5.50%
<br />200,000
<br />0.75%
<br />0.70%
<br />
<br />~
<br />
<br />I
<br />
<br />~
<br />
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