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CITY OF ORONO ALTERNATE 11
<br />PROJECTION OF SPECIAL ASSESSMENT FUND'S CASH AND INVESTMEN75
<br />1966-76 IMPROVEMENT FUND
<br />R E
<br />C E I P T
<br />S
<br />INVESTMENT
<br />D 1 S B
<br />U R S E M F
<br />N T S
<br />ENDING
<br />--------------------------------
<br />INTEREST
<br />-------------------------------
<br />CASH 6
<br />SPECIAL
<br />AD VAL
<br />OTHER
<br />REVENUE
<br />BCND
<br />BOND
<br />OTHER
<br />1NVPSTMENi
<br />YEAR
<br />----
<br />ASSESSMENTS
<br />---------
<br />LEVIES
<br />---------
<br />REVENUE
<br />(EXPENSE)
<br />PRINCIPAL
<br />INTEREST
<br />EXPENSE
<br />BALANCE.
<br />19B4
<br />154,950
<br />26,200
<br />---------
<br />25,534
<br />---------
<br />93,565
<br />---------
<br />290,000
<br />---------
<br />87,465
<br />---------
<br />150
<br />---------
<br />1,047,705
<br />1985
<br />146,121
<br />26,100
<br />15,981
<br />86,911
<br />290,000
<br />72,091
<br />150
<br />970,577
<br />1996
<br />103,541
<br />15,800
<br />15,628
<br />70,490
<br />285,000
<br />56,741
<br />150
<br />952,145
<br />1981
<br />58,574
<br />30,000
<br />16,536
<br />67,433
<br />270,000
<br />41,518
<br />150
<br />713,820
<br />199B
<br />55,024
<br />0
<br />16,120
<br />60,443
<br />125,000
<br />30,444
<br />150
<br />689,813
<br />1989
<br />51,474
<br />0
<br />15,704
<br />57,340
<br />150.000
<br />22,425
<br />150
<br />641,756
<br />1990
<br />47,924
<br />0
<br />52,550
<br />150,000
<br />13,500
<br />150
<br />57B,5BO
<br />1991
<br />0
<br />0
<br />45,112
<br />150,000
<br />4,500
<br />150
<br />469,042
<br />1992
<br />0
<br />0
<br />47,213
<br />511,255
<br />1993
<br />(1
<br />0
<br />46,012
<br />557,267
<br />1994
<br />0
<br />0
<br />50,154
<br />607,421
<br />1995
<br />0
<br />0
<br />54,667
<br />662,088
<br />1996
<br />0
<br />0
<br />59,5117
<br />721,675
<br />1997
<br />0
<br />0
<br />64,950
<br />786,625
<br />1998
<br />0
<br />0
<br />70,736
<br />857,421
<br />1999
<br />0
<br />0
<br />77,167
<br />934,588
<br />2000
<br />0
<br />0
<br />84,112
<br />1,018,700
<br />2001
<br />n
<br />0
<br />91,683
<br />1,110,383
<br />2002
<br />0
<br />0
<br />99,934
<br />1,210,317
<br />617,608 108,900 105,503 1,283,119 1,700,000 328,704 1,200
<br />----------------------------------------------------------------------------------------------
<br />BASE
<br />THESE COLUMNS FOR MULTI -ROLL
<br />DATA
<br />SPECIAL
<br />ASSESSMENTS
<br />ONLY
<br />MAJOR ASSUMPTIONS:
<br />---------
<br />---------
<br />---------
<br />---------
<br />FIRST YEAR OF PROJECTION ....................
<br />1984
<br />N/A
<br />N/A
<br />NIA
<br />CASH I INVESTMENT BEGINNING BALANCE .........
<br />$1,125,091
<br />N/A
<br />N/A
<br />N/A
<br />INVESTMENT INTEREST RATE ....................
<br />9.001
<br />N/A
<br />N/A
<br />NIA
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........
<br />$45
<br />$67,53;
<br />$116,669
<br />11310,621
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........
<br />6.001
<br />B.001
<br />6.501
<br />8.002
<br />YEARS REMAINING ON SPECIAL ASSESSMENTS......
<br />1
<br />2
<br />3
<br />7
<br />PERCENT OF AD VALOREM TAXES LEVIED..........
<br />100.001
<br />N/A
<br />N/A
<br />N/A
<br />NOTES AND COMMENTS:
<br />!)Prepayments of special assessments arP ignored since interest earnings on investments
<br />will approximate interest on projected special assessment levies.
<br />2)Inter-fund receivables/payables are conside.ed to be received/paid currently.
<br />3)Deferreu �,::::1 " P-ctonfc arp -nt !rcluded role the time of collection is unknown.
<br />4)Uncoliectible taxes and special assessments are based on delinquent balances.
<br />ACCOUNTANTS REPORT:
<br />We have compiled the above projection based on information 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 projec6 un period will vary
<br />from the projection and the variations may be material.
<br />We have compiled 'he above projection in accordance with applicable guidelines established
<br />by the American ;nstitute 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, me do
<br />not express a conclusion or any other form cf assurance on the projection.
<br />ANFINSON, HENDRICKSON I CO.
<br />Minneapolis, Minnesota Certified Public Arcountants
<br />June 17, i,44
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