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CITY OF ORONO
<br />PROJECTION OF SPECIAL ASSESSMENT FUND'S CASH AND INVESTMENTS
<br />1"0 IMPROVEMENT FUND
<br />R E C E I P T F INVESTMENT DI5BURSEMENTS ENDING
<br />-------------------------------- INTEREST ------------------------------- CASH I
<br />1 SPECIAL. AD VAL OTHER REVENUE IIDND BOND OTHER INVESTMENT
<br />YEAR ASSESSMENTS LEVIES REVENUE (EXPENSE) PRINCIPAL INTEREST EXPENSE BALANCE
<br />------------------------------------------------------------------•---------
<br />1184 125,414 0 11,101 26,390 75,000 73,075 l00 313,393
<br />1 1985 119,847 0 77,137 75,000 68,475 100 316,807
<br />IVh 114,279 0 27,437 75,000 63,056 100 370,362
<br />1987 108,712 0 27,754 75,000 57,563 100 324,165
<br />1 198B 103,144 0 28,097 75,000 51,975 too 326,331
<br />1999 97,577 0 28,476 75,000 46,275 100 333,011
<br />1990 92,009 0 2B,912 75,000 40,425 100 338,407
<br />1991 86,442 0 29,416 75,000 34,463 100 344,702
<br />1992 $0,875 0 30,002 75,000 28,463 100 352,016
<br />1993 75,307 0 30, 13 75,000 22,388 109 36�,518
<br />1994 69,740 0 31,47B 75,000 16,163 100 370,473
<br />1995 64,172 0 32,410 75,000 ',1BB 100 382,167
<br />1996 0 0 30,80 75,000 3,281 100 334,653
<br />1997 0 0 30,118 364,771
<br />1998 0 0 32,829 397,600
<br />1999 0 0 35,7B4 433,384
<br />l 2000 0 0 39,004 472,388
<br />2001 0 0 42,514 514,902
<br />2002--------0 0--------- 46 561,243
<br />-------------
<br />1,137,518 0 11,101 605,651 975,ODO 516,190 1,300
<br />----------------------------------------------------------------------------------------------
<br />BASE THESE COLUMNS FOR MULTI -ROLL
<br />DATA SPECIAL ASSESSMENTS ONLY
<br />MAJOR ASSUMPTIONS: ------------------------------------
<br />FIRST YFAR OF PROJECTION .................... 1984 N/A N/A N/A
<br />CASH 1 INVESTMENT BEGINNING BALANCE......... 1299,463 NIP NIA N/A
<br />INVESTMENT INTEREST RATE .................... 9.00% NIA N/A NIA
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........ $703,261 f0 f0 t0
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........ 9.501 0.001 0.002 0.00,
<br />YEARS REMAINING ON SPECIAL ASSESSMENTS...... ;! 0 0 0
<br />PERCENT OF AD VALOREM TAXES LEVIED.......... u.001 NIA N/A N/A
<br />NOTES AND COMMENTS:
<br />1)Prepayeents of special assessments are ignored since interest earnings on investments
<br />will approx: ate interest on projected special assessment levies.
<br />1)Inter-fund eceivables/payables are cons:de;ed to be received/paid currently.
<br />3)Deferred special assessments are not included since the time of collection is unknown.
<br />41Uncollectible tires and assessments are based on delinquent balances.
<br />ACCOUNTANTS REPORT:
<br />tle have compiled the above projection based on information suFpl►ed to us by minagnen'.
<br />Some assumptions 'nev!tably 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 />kk have compiled the above projection in accordance with appl.cable gu►del!nes ntiblished
<br />by the American Institute of Certified Public Accountants. A compilation of a financial
<br />projection does not include evaluation of the support fu assumptions underlying the projec#ion.
<br />Because a compilation of a financial projection is limited as described above, we do
<br />not express a conclusion or any otl,:r form of assurance on the projection,
<br />ANFINSON, HENDRICKSON 1 CO.
<br />Minneapolis, Minnesota Certified Public 4ccountaets
<br />June 77, 1084
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