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II
<br />CITY OF ORONO
<br />PROJECTION OF SPECIwI ASSESSMENT FUND'S CASH AND INVESTMENTS
<br />1982 IMPROVEMENT FUND
<br />I I
<br />I I
<br />I I
<br />I
<br />I
<br />I
<br />a
<br />a
<br />11
<br />RECEIPTS
<br />SPECIAL
<br />AO VAL
<br />OTHER
<br />YEAR
<br />ASSESSMENTS
<br />LEVIES
<br />REVENUE
<br />1984
<br />104,004
<br />0
<br />1,621
<br />1985
<br />97,369
<br />0
<br />1986
<br />90,735
<br />0
<br />1987
<br />64,101
<br />0
<br />1986
<br />77,467
<br />0
<br />1989
<br />7,471
<br />0
<br />1990
<br />6,983
<br />0
<br />1991
<br />6,495
<br />0
<br />1992
<br />6,007
<br />0
<br />1993
<br />5,519
<br />O
<br />1994
<br />0
<br />400
<br />1995
<br />0
<br />1,200
<br />1996
<br />0
<br />700
<br />1997
<br />0
<br />600
<br />1998
<br />0
<br />500
<br />1999
<br />0
<br />0
<br />2000
<br />0
<br />0
<br />2001
<br />0
<br />0
<br />2002
<br />0
<br />0
<br />486,151 3,400
<br />=--===_== s========
<br />1,821
<br />_========
<br />INVESTMENT
<br />INTEREST
<br />REVEAt1E
<br />(EXPENSE)
<br />12,993
<br />15,796
<br />17,030
<br />16,158
<br />19,186
<br />17,275
<br />14,614
<br />13,021
<br />11,645
<br />10,707
<br />9,790
<br />8,720
<br />7,695
<br />6,683
<br />5,705
<br />4,747
<br />4,461
<br />4,862
<br />5,300
<br />208,389
<br />==_======
<br />MAJOR ASSUMPTIONS:
<br />FIRST YEAR OF PROJECTION ....................
<br />CASH i INVESTIK_NT PE61MING BALANCE.........
<br />INVESTMENT INTEREST RATE ....................
<br />SPECIAL ASSESSMENT PRINCIPAL BALANCE........
<br />INTEREST RATE ON SPECIAL ASSESSMENTS........
<br />YEARS REMAININ6 ON SPECIAL ASSESSMENTS......
<br />PERCENT OF AD VALOREM TAXES LEVIED..........
<br />DI S I U R S E M E N T 5 ENDING
<br />- ---- - - - -- - --- CASH i
<br />BOND BOND OTHER INVESTMENT
<br />PRINCIPAL INTEREST EXPENSE BALANCE
<br />0 37,238 43,051 169,685
<br />50,000 35,613 100 197,137
<br />75,000 31,456 100 198,346
<br />50,000 27,!75 100 223,330
<br />75,000 22,650 l00 222,233
<br />50,000 17,938 100 178,941
<br />25,000 14,98E 100 160,450
<br />25,000 12,925 100 141,94.1
<br />20,000 11,000 100 128,493
<br />15,000 9,450 100 120,169
<br />15,000 6,081 IN 107,178
<br />15,000 6,675 100 95,323
<br />15,000 5,231 11-11 @3,387
<br />15,000 3,750 100 71,820
<br />15,000 2,250 100 60,675
<br />15,000 750 100 49,572
<br />54,0'.3
<br />58,895
<br />64,195
<br />475,000 247,170 45,451
<br />=_:___=== =ZC2Z=ZZX s===:=_==
<br />-------------------------------------------
<br />BASE THESE COLUMNS FOR NULTI-RDLL
<br />DATA SPECIAL ASSESSMENTS ONLY
<br />-----------------------------------
<br />1984 NIA N/A N/A
<br />$132,056 NIP N/A NIA
<br />9.001 MIA N/A MIA
<br />150,311 1316,811 40 N)0
<br />9.701 9,701 0."1 0.00%
<br />10 5 0 0
<br />100.001 NIA NIA N/A
<br />NOTES AND COMMENTS:
<br />1)Prepayments of special assessments are ignored since interest earnings on investments
<br />will approximate interest on projected sr-c ul assessment I-• as.
<br />211nter-fund receivables/payables are considered to be recej currently.
<br />3)Deferred special assessments are not included since the tit lectton is unknown.
<br />41Uncollectible tares and special assessments are based on del, Balances.
<br />ACCOUNTANTS REPORT:
<br />Ve have compiled the above projection based on information supplied to us As. management.
<br />Sae assumptions inevitably will not water. ' unanticipated events iod câ–ºrceastances
<br />say occur; there4ore, the actual results act. ing the projectim period will vary
<br />from the projection and the variations may be a ..it,
<br />We have compiled the above projection in accordance with applicable qucdc'ines establi0ed
<br />by the American Institute of Certified Public Accountants. A compilation of a financial
<br />projection does net inrludt evaluation of the support for assumptions underlying the project, on.
<br />Because a compilation of a financial projection is limited as described above, we do
<br />not erpres. a conclusion ur aril other form of assurance on the projection.
<br />L A* INSON, HENDRICKSON i CO.
<br />Minneapolis, Minnesota Certified Pubic Accountants
<br />June 27, 1984
<br />
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