|
■
<br />CITY OF ORONO
<br />PROJECTION OF SPECIAL ASSESSMENT FUND'S CASH AM INVESTMENTS
<br />1900 IMPROVEMENT FUND
<br />R E
<br />C E I P T S
<br />INVESTMENT
<br />D I S B
<br />U R S E M E
<br />N T S
<br />ENDING
<br />--------------------------------
<br />INTEREST
<br />-------------------------------
<br />CASH 6
<br />SPECIAL
<br />AD VAL OTHER
<br />REVENUE
<br />BOND
<br />BOND
<br />OTHER INVESTMENT
<br />YEAR
<br />ASSESSMENTS
<br />LEVIES REVENUE
<br />(EXPENSE)
<br />PRINCIPAL
<br />---------
<br />INTEREST
<br />---------
<br />EXPENSE
<br />---------
<br />BALANCE
<br />---------
<br />----
<br />1984
<br />---------
<br />[25,414
<br />------------------
<br />19,100 11,101
<br />---------
<br />27,205
<br />75,000
<br />73,875
<br />100
<br />332,308
<br />1985
<br />119,847
<br />18,300
<br />29,663
<br />75,000
<br />68,475
<br />100
<br />356,543
<br />1186
<br />114,279
<br />16,400
<br />31,842
<br />75,000
<br />63,056
<br />100
<br />382,908
<br />1987
<br />108,712
<br />18,400
<br />34,211
<br />75,000
<br />57,563
<br />100
<br />411,568
<br />1996
<br />103,144
<br />18,300
<br />36,787
<br />75,000
<br />51,975
<br />100
<br />442,774
<br />1989
<br />97,577
<br />18,100
<br />39,58E
<br />75,000
<br />46,275
<br />100
<br />476,614
<br />1990
<br />92,009
<br />17,700
<br />42,633
<br />75,000
<br />40,425
<br />100
<br />513,431
<br />1991
<br />86,442
<br />17,300
<br />45,946
<br />75,000
<br />34,463
<br />100
<br />553,556
<br />1992
<br />80,875
<br />16,000
<br />49,555
<br />75,000
<br />26,463
<br />100
<br />597,223
<br />1993
<br />75,307
<br />16,100
<br />53,476
<br />75,000
<br />22,388
<br />100
<br />644,618
<br />1994
<br />69,740
<br />15,300
<br />57,735
<br />75,000
<br />16,163
<br />100
<br />696,130
<br />1995
<br />64,172
<br />14,400
<br />62,367
<br />75,000
<br />9,788
<br />100
<br />752,181
<br />1996
<br />0
<br />0
<br />64,169
<br />75,000
<br />3,291
<br />1DO
<br />737,969
<br />1997
<br />0
<br />0
<br />66,417
<br />604,306
<br />1998
<br />0
<br />0
<br />72,394
<br />076,720
<br />1999
<br />0
<br />0
<br />79,910
<br />955,690
<br />2000
<br />0
<br />0
<br />86,012
<br />1,041,702
<br />2001
<br />0
<br />0
<br />93,753
<br />1,135,455
<br />2002
<br />0
<br />0
<br />102,190
<br />--------
<br />---------
<br />---------
<br />---------
<br />1,237,645
<br />---------
<br />1,137,518
<br />------------------
<br />207,200 11,101
<br />1,074,853
<br />975,000
<br />516,190
<br />1,300
<br />sus===s=s
<br />r ss=s== s========
<br />===s=====
<br />sxz==sasa
<br />ssu=====
<br />=--==sss----
<br />----------------------•
<br />----------------------------------------------------------------------
<br />BASE
<br />THESE COLUMNS FOR MU.TI-ROLL
<br />DATA
<br />SPECIAL
<br />ASSESSMENTS
<br />ONLY
<br />MAJOR
<br />ASSUMPTIONS:
<br />---------
<br />---------
<br />---------
<br />---------
<br />FIRST YEAR OF PROJECTION .................
<br />1964
<br />NIA
<br />M/A
<br />NIA
<br />CASH i INVESTMENT BE6101,46 BALANCE. .......
<br />f299,463
<br />NIA
<br />N/A
<br />MIA
<br />INVESTMENT INTEREST
<br />RATE ....................
<br />9.001
<br />MIA
<br />N/A
<br />NIA
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........
<br />$703,261
<br />0
<br />60
<br />f0
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........
<br />9.501
<br />0.001
<br />0.001
<br />0.001
<br />YEARS REMAINING ON SPECIAL ASSESSMENTS......
<br />12
<br />0
<br />0
<br />0
<br />PERCENT OF AD VALOREM TAXES LEVIED..........
<br />100.001
<br />NIA
<br />NIA
<br />NIA
<br />NOTES 01D COMMENTS:
<br />11Prepayments of special assessments are ignored since interest earnings on investments
<br />will approximate interest on projected special assesswt levies.
<br />2)lnter-fund receivables/payables are considered to be received/paid 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 />Ne have compiled the above projection based on information suppled to us by management.
<br />Some assumptions inevitably will not materialize and unanticipated events and circumstances
<br />may occur; therefore, the actual results a hieveP during the projection pen od will vary
<br />from the projection and the variations oil be material.
<br />Ik have compiled the above projection in accordance with applicable 4uide,ines establis•:d
<br />by the American Institute of Certified Public Accountants. A compile tion ux a financial
<br />projtction does not include evaluation of the support for assumptions underlying t"t projection.
<br />Because a compilation of a financial projection is limited as described above, we do
<br />not express a conclusion or any other fore of assurance on the projection.
<br />AMFINSON, HENDPIaSON b
<br />Minneapolis, Minnesota Cn tified Public Accountants
<br />June 27, 1984
<br />
|