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CITY OF ORONO
<br />PROJECTION OF SPECIAL ASSESSMENT
<br />FUND'S CASH AND INVESTMENTS
<br />1�
<br />1966-76
<br />IMPRDVEMENT FUND
<br />R-E-C
<br />E I P T
<br />5--------
<br />D I S B
<br />U R S E M E
<br />N T S
<br />i--------
<br />-------
<br />INTEREST
<br />---------------------
<br />----------
<br />SPECIAL
<br />AD VAL
<br />OTHER
<br />REVENUE
<br />BOND
<br />BOND
<br />OTHER
<br />-
<br />YEAR
<br />----
<br />ASSESSMENTS
<br />---------
<br />LEVIES
<br />---------
<br />REVENUE
<br />---------
<br />1EIPENSEI
<br />---------
<br />PRINCIPAL
<br />--------
<br />INTEREST
<br />------------------
<br />EXPENSE
<br />1984
<br />1549950
<br />0
<br />105,503
<br />95,985
<br />290,000
<br />07,485
<br />150
<br />19B5
<br />146,121
<br />0
<br />90,075
<br />280,000
<br />72,091
<br />150
<br />1
<br />1"6
<br />103,541
<br />0
<br />79,100
<br />285,000
<br />56,741
<br />150
<br />1987
<br />50,574
<br />0
<br />63,101
<br />270,000
<br />41,518
<br />150
<br />I
<br />55,024
<br />0
<br />52,866
<br />125,000
<br />30,444
<br />150
<br />I
<br />51,474
<br />0
<br />47,648
<br />150,000
<br />22,425
<br />150
<br />(
<br />1990
<br />47,924
<br />0
<br />41,279
<br />150,000
<br />13,500
<br />ISO
<br />1"1
<br />0
<br />0
<br />32,828
<br />150,000
<br />4,500
<br />150
<br />1
<br />t!
<br />..
<br />ti
<br />1,
<br />it
<br />r
<br />N
<br />I
<br />L
<br />1992
<br />0
<br />0
<br />20,623
<br />1993
<br />0
<br />0
<br />31,417
<br />1"4
<br />0
<br />0
<br />34,245
<br />1995
<br />0
<br />0
<br />37,327
<br />1996
<br />0
<br />0
<br />40,686
<br />1997
<br />0
<br />0
<br />44,348
<br />1998
<br />0
<br />0
<br />48,339
<br />1999
<br />0
<br />0
<br />52,690
<br />2000
<br />0
<br />0
<br />57,432
<br />2001
<br />0
<br />0
<br />62,601
<br />2002
<br />0
<br />0
<br />68,235
<br />ENDINS
<br />CASH 4
<br />INVESTMENT
<br />BALANCE
<br />1,103,894
<br />987, 849
<br />827,679
<br />637,686
<br />589,981
<br />516,579
<br />442,062
<br />320,260
<br />349,OC3
<br />3N ,500
<br />414,745
<br />452,072
<br />492,758
<br />537,106
<br />585,445
<br />638,135
<br />695,561
<br />758,168
<br />826,403
<br />---------------------------------------------------------------
<br />617,608 0 105,503 1,006,103 1,700,000 328,704 1,200
<br />sazs azzz zzzz--=zsz=zz=azzzz ========= ==szssssa aa=sas===
<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 i INVESTMENT BEGINNING BALANCE ......... 11,125,091 N/A N/A NIA
<br />INVESTMENT INTEREST RATE .................... 9.001 NIA N/A NIA
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........ $45 $67,596 1116,669 $310,621
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........ 6.001 8.001 6.5f11 8.001
<br />YEARS REMAININS ON SPECIAL ASSESSMENTS...... I 2 3 7
<br />PERCENT OF AD VALOREM TAXES LEVIED.......... 0.001 N/A N/A NIA
<br />NOTES AND COMMENTS:
<br />IlPrepayments of special assessments are ignored since interest earnings on investments
<br />*ill approximate interest on projected special assessment levies.
<br />2llnter-fund receivables/payables are considered to be received/paid currently.
<br />31Deferred special assessments are not included s►n_e the time of collection is untnow. .
<br />41Unro1lect►ble tares and special assessments are based on delinquent balances.
<br />ACCOUNTANTS REPORT:
<br />Ne have compiled the above projection based on information supplied to us by management.
<br />Some assumptions inevitably mill not materialize and unanticipated events and circumstances
<br />may occur; therefore, the actual results achieved during the projection period ■ill vary
<br />from the projection and the variations may be material.
<br />We have compiled the above projectinn in a:cordance vith applicable guidelines established
<br />by the American Institute of Certified Public Acc^_ertinis. 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 tipress a conclusion or any other form of assurance on the projection.
<br />L ANFINSON, HENDRICKSON j CO.
<br />Minneapolis, Minnesota Certified Public Accountints
<br />June 27, 1184
<br />
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