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CITY OF ORONO ALTERNATE 41
<br />PROJECTION OF SPECIAL ASSESFwEN1 FUND'S CASH AND INVESTMENTS
<br />1966-76 IMPROVE6:NT FUND
<br />R E C E I P T S INVESTMENT DISBURSEMENTS ENDING
<br />-------------------------------- INTEREST ------------------------------- CASH i
<br />SPECIAL AD VAL OTHER REVENUE BOND BOND OTHER INVESTMENT
<br />YEAR ASSESSMENTS LEVIES REVENUE (EXPENSE) PRINCIPAL INTEREST EXPENSE BALANCE
<br />-----------------------------------------------------------------------------
<br />1984 154,950 0 25,534 92,26 290,000 87,405 150 1,020,326
<br />1985 146,121 0 15,981 93,273 280,000 72,091 150 913,460
<br />1986 103,541 0 15,628 72,166 285.000 56,741 150 762,926
<br />1987 58,574 0 16,536 58,018 270,000 41,518 150 584,386
<br />1988 55,024 0 16,120 48,794 125,000 30,444 150 546,730
<br />19P9 51,474 0 15,704 44,642 150,000 22,425 150 407.975
<br />1990 47,924 0 38,710 150,000 13,500 150 410,959
<br />1991 0 0 30,027 150,000 4.500 150 1B6,336
<br />1992 0 0 25,770 312,106
<br />1993 0 0 28,089 340,195
<br />1994 0 0 30,617 370,912
<br />1995 0 0 33,373 404,185
<br />1996 0 0 36,376 440,561
<br />1997 0 0 39,650 480,211
<br />1999 0 0 43,218 523,429
<br />1990 0 0 47,108 570,537
<br />2000 0 0 51,346 611,BB5
<br />2001 0 0 55.969 677,854
<br />2002 0 0 61,006 738,860
<br />---------------------------------------------------------------
<br />617,608 0 105,503 920,562 1,700.000 328,704 1,200
<br />---------------------------------------------------------------
<br />-------------------------------------------------------
<br />--------
<br />----------------------------------------------------------------------------------------------
<br />BASE THESE COLUMNS FOR MULTI -ROIL
<br />DATA SPECIAL ASSESSMENTS ONLY
<br />MAJOR ASSUMPTIONS: --------- --------- --------- ---------
<br />FIRST YEAR OF PROJECTION .................... 1984 N/A N/A N/A
<br />CASH fr INVESTMENT BEGINNING BALANCE ......... $1,125,091 N/A N/A NIA
<br />INVESTMENT INTEREST RATE .................... 9.001 N/A N/A N/A
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........ 145 $67.596 $116,669 $310,621
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........ 6.001 9.001 6.501 8.001
<br />YEARS REMAINING ON SPECIAL ASSESSMENTS...... 1 2 3 7
<br />PERCENT OF AD VALOREM TAXES LEVIED.......... 0.001 N/A N/A N/A
<br />NOTES AND COMMENTS:
<br />I)Prepayments of special assessments are ignored since interest earnings on investments
<br />will approximate interest on projected special assessment levies.
<br />2)lnter-fund receivables/parables are considered to be receivedipaid currently.
<br />3)Deferred special assessments are not included since the time of collection is unknown.
<br />4)Uncollectible taxes and special assessments are based on delinquent balances.
<br />ACCOUNTANTS REPORT:
<br />We have compiled the above projection based on informati.a supplied to us by management.
<br />Some assumptions inevitably will not materialize and unanticipated events and circumstances
<br />may occur; therefore, the actual results achieved during the projection period will vary
<br />from the projection and the variations may be material.
<br />We have compiled the above projection in accordance with applic.ble guidelines established
<br />by the American Institute of Certified Public Accountants. A compilation of a financial
<br />projection does not include evaluation of the support for assumptions underlying the Projection.
<br />Because a compilation of a financial projection is limited as described above, we do
<br />net express a conclusion or any other form of assurance on the projection.
<br />ANFINSON, HENDRICKSON i CO.
<br />Minneapolis, Mir;nescta Certified Public Accountants
<br />June 27, 1964
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