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CITY OF ORONO
<br />PROJECTION OF SPECIAL ASSESSMENT FUND'S CASH AND INVESTNEMTS
<br />1966-76 IMPROVEMENT FUND
<br />BASE
<br />DATA
<br />MAJOR ASSUMPTIONS:
<br />---------
<br />FIRST YEAR OF PROJECTION ....................
<br />1984
<br />CASH i INVESTMENT BEGINNING BALANCE .........
<br />$1,125,091
<br />INVESTMENT INTEREST RATE ....................
<br />9.001
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........
<br />$45
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........
<br />6.001
<br />YEARS REMAINING ON SPECIAL ASSESSMENTS......
<br />I
<br />PERCENT OF AS VALOREM TA1ES LEVIED. ........
<br />100.001
<br />cLiIFTS
<br />INVESTMENT
<br />DISIURSEMENTS
<br />END INB
<br />--------------------------------
<br />INTEREST
<br />-------------------------------
<br />CASH i
<br />SPECIAL
<br />AD VAL OTHER
<br />REVENUE
<br />BOND
<br />BOND
<br />OTHER
<br />INVESTMENT
<br />YEAR
<br />ASSESSMENTS
<br />LEVIES REVENUE
<br />(EIPENSE)
<br />PRINCIPAL
<br />INTEREST
<br />EIPENSE
<br />BALANCE
<br />----
<br />1984
<br />---------
<br />154,950
<br />------------------
<br />26,200 105,503
<br />---------
<br />97,164
<br />---------
<br />290,000
<br />---------
<br />87,485
<br />---------
<br />150
<br />---------
<br />1,131,273
<br />1985
<br />146,121
<br />26,100
<br />93,713
<br />280,000
<br />72,091
<br />150
<br />1,044,966
<br />1"6
<br />:03,541
<br />25,800
<br />64,467
<br />2B5,000
<br />56,741
<br />150
<br />916,898
<br />19B7
<br />58,574
<br />30,800
<br />72,517
<br />270,000
<br />41,518
<br />150
<br />767,121
<br />198E
<br />55,024
<br />O
<br />64,515
<br />125,000
<br />30,444
<br />150
<br />731,066
<br />1989
<br />51,474
<br />0
<br />60,346
<br />150,000
<br />22,425
<br />150
<br />670,311
<br />1990
<br />47,924
<br />0
<br />55,120
<br />150,000
<br />13,500
<br />150
<br />609,705
<br />1991
<br />0
<br />0
<br />47,914
<br />150,000
<br />4,500
<br />150
<br />502,969
<br />1992
<br />0
<br />0
<br />45,267
<br />546,236
<br />1993
<br />0
<br />0
<br />49,341
<br />597,577
<br />1994
<br />0
<br />0
<br />53,781
<br />651,358
<br />1995
<br />0
<br />0
<br />58,622
<br />709,980
<br />1"6
<br />0
<br />0
<br />63,098
<br />773,878
<br />1997
<br />0
<br />0
<br />69,649
<br />643,527
<br />1198
<br />0
<br />0
<br />75,917
<br />9191444
<br />1999
<br />0
<br />0
<br />82,749
<br />1,002,193
<br />2000
<br />0
<br />0
<br />90,197
<br />1,092,390
<br />2001
<br />0
<br />0
<br />18,315
<br />1,190,705
<br />2002
<br />0
<br />0
<br />107,163
<br />1,297,868
<br />--------- --------- --------- ----------------- --------- ---------
<br />617,618 IC8,900 105,503 1,370,670 1,700,000 378,704 1,200
<br />-sass---- ========= =sss _ss
<br />---------------------------------------------------------------------------------------
<br />THESE COLUMNS FOR MULTI -ROLL
<br />SPECIAL ASSESSMENTS ONLY
<br />-------- --------- ---------
<br />N/A N/A NIA
<br />N/A N/A NIA
<br />NIA N/A NIA
<br />$67,596 $116,669 f310,671
<br />6.001 6.501 0.001
<br />2 3 7
<br />N/A NIA N/A
<br />NOTES AND COMMENTS:
<br />1)Prepayments of special assessm•nts are ignored since interest earnings on investments
<br />riil approximate interest on projected special assessment ►evies.
<br />2)lnter-fund receivables/poyables are considered to be received/paid currently.
<br />3)Deferred special assessments are not included since the time of collection is unknown.
<br />4)Uncollectibie taxes and special assessments are based on delinpuent balances.
<br />ACCOUNTANTS REPORT:
<br />1 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 projection period will vary
<br />from the projection and the variations may be material.
<br />Ne have compiled the above projection in accordance with applicable guidelines established
<br />by the American Ins'itute of Certified Public Accountants. A compilation of a financial
<br />projection does not include evaluation of the support for assumptions iinde•lying the projection.
<br />Because a compilation of a financial projection is limited as described above..e do
<br />not express a conclusion or any other 4urm of assurance on the projection.
<br />ANFINSON, HENDRICKSON i CO.
<br />Minneapolis, M nnesot• Certified Public Accountants
<br />June 27, 1"4
<br />
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