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<br />Redwood City CFD 99-1 <br /> <br />Credit Calculation <br /> <br />Projected funds available after the September 2006 debt service payment are calculated below: <br /> <br /> Administrative <br /> Reserve Fund Reserve Fund Expense Principal Interest <br /> Date as of Special Tax Fund 2001-A 2003-B Account Account Account <br />Fund balances held by Agency 3/31/2006 $ 617,991.04 $ - $ - $ - <br />Fund balances held by Trustee 3/31/2006 $ - $ 331,624.30 $ 445,521.45 $ 4.14 $ 29.18 $ 189.07 <br />Total Fund balances $ 617,991.04 $ 331,624.30 $ 445,521.45 $ 4.14 $ 29.18 $ 189.07 <br />Add: Total Assessments levied FY 05/06 $ 902,802.72 <br /> Transfer from other Accounts <br />less: Assessments Received to Date 3/31/2006 $ (603,902.51) <br /> Administration Costs Transfer FY 05/06 $ - <br /> Transfer to Principal & Interest 8/30/2006 $ (545,101.88) $ 205,000.00 $ 340,101.88 <br /> Debt Service Payment 9/1/2006 $ (205,000.00) $ (340,101.88) <br />Projected Surplus Fund Balances 9/30/2006 $ 371,789.37 $ 331,624.30 $ 445,521.45 $ 4.14 $ 29.18 $ 189.07 <br /> Reserve Requirement <br /> $ 888,416.26 <br />Projected Surplus Fund Balances $ 371,789.37 <br />Allocated for Delinquencies FY 05/06 $ (45,640.29) 50% of annual delinquency reserve <br />Transfer to Reserve Fund $ (111,270.51) <br />Projected Surplus $ 214,878.57 <br /> <br />Page 3 <br />