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<br /> Finance Option 1/24/03
<br /> Lake Meredith 2003 2003 Assumed Assumed Assumed Assumed 06
<br />CATEGORY BUDGET Assmnt 2004 2005 2006 Assessment
<br />O&M: SUPPLY, UTILITY & REPAIR $7,500 $0.18 $7,500 $7,500 $7,500 $0.18
<br />O&M: EQUIPMENT MAINTENANCE $500 $0.01 $3,500 $3,500 $3,500 $0.09
<br />O&M: OUTLET CHANNEL MAINTENANCE $0 $0.00 $0 $0 $0 $0.00
<br />O&M: CONTRACT LABOR $10,040 $0.25 $10,542 $11,069 $11,623 $0.29
<br /> TOTAL: $18,040 $0.44 $21,542 $22,069 $22,623 $0.56
<br />G&A: DUES, FEES $300 $0.01 $300 $300 $300 $0.01
<br />G&A: OUTLET CHANNEL RELOCATION STUDY $15,600 $0.38 $0 $0 $0 $0.00
<br />G&A: PROFESSIONAL SERVICE $7,000 $0.17 $7,350 $7,718 $8,103 $0.20
<br />G&A: INSURANCE $12,000 $0.30 $12,600 $13,230 $13,892 $0.34
<br />G&A: SPILLWAY HYDROLOGIC STUDY $11,303 $0.28 $0 $0 $0 $0.00
<br />G&A: TAXES $50 $0.00 $50 $50 $50 $0.00
<br />G&A: MISC $5,000 $0.12 $5,000 $5,000 $5,000 $0.12
<br /> TOTAL: $51,253 $1.26 $25,300 $26,298 $27,345 $0.67
<br />CAP: NEW OUTLET CHANNEL $81,250 $2.00 $135,465 $135,465 $135,465 $3.33
<br />CAP: SPILLWAY $6,021 $0.15 $0 $0 $0 $0.00
<br />CAP: RECREATION DEVELOPMENT $7,500 $0.18 $2,500 $2,500 $2,500 $0.06
<br />CAP: OUTLET GATES UPGRADE $33,440 $0.82 $0 $0 $0 $0.00
<br /> TOTAL: $128,211 $3.16 $137,965 $137,965 $137,965 $3.40
<br />= CASH REQUIRED FOR THIS YEAR: $197,504 $4.86 $184,807 $186,332 $187,932 $4.63
<br />+ CONTINGENCY FOR THIS YEAR: $33,496 $0.82 $0 $0 $0 $0.00
<br />- CARRY-OVER FROM LAST YEAR: $2,395 $0.06 $0 $0 $0 $0.00
<br />- OTHER INCOME FOR THIS YEAR: $5,000 $0.12 $3,872 $3,872 $3,872 $0.10
<br />= AMOUNT FOR DIRECT ASSESSMENT: $223,605 $5.60 $180,935 $182,460 $184,060 $4.53
<br />BALANCE TOTAL: $0 $0 $0 $0
<br /> ASSESSMENT PER SHARE: $5.50 $4.45 $4.49 $4.53
<br />
<br />If channel is constructed to run water in June or July.
<br />$1,000,000 @ 4.50% for 30 years ($1.66 Assmnt first 10yrs; $1.51 next 20yrs).
<br />$500,000 @ (est) 6.00% for 10 years ($1.67 Assessment).
<br />
<br />:This document is incorporated
<br />Into the centrad by reference.
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