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<br />EXHIBIT III
<br />EAGLE RIVER WAlCR AND SANITATION DISTRICT - WAlCR OPERATIOI
<br />CASH FlOW PROJECTION - ENTERPRISE AND GENERAL FUNDS COMBINED
<br />FOR THE YEARS ENDING DECEMBER 31, 1007lliROUGH DECEMBER 31. 2015
<br />NON-INFLAlCD (CURRENT 1007"
<br />
<br />oPERATIONS REVENUE:
<br />WAlCR SERVICE FEES
<br />~lCR SERVICE f!;ES - EAGLl: PARK
<br />I EREST EARNINGS
<br />PROPERTY TAXES
<br />SPECIFIC OWNER TAXES@ II"" OF PROP. TAX
<br />MISCELUNEOUS
<br />TOTAL OPERATIONS REVENUE
<br />
<br />OPERATIONS EXPENDITURES:
<br />OPERATIONS - VAIL (I"" Incr....'
<br />TOTAL OPERATIONS EXPENDITURES
<br />
<br />EXCESS OF REVENUES OVER (UNDER)
<br />EXPENDITURES - OPERATIONS (NO I)
<br />
<br />NON-OPERATING REVENUE:
<br />lOAN FOR EAGLE PARK
<br />SERES 2000 BOND PROCEEDS
<br />TAP FEES - VAIL
<br />TOTAL NON-OPERATING REVENUE
<br />
<br />OlliER EXPENDITURES:
<br />CAPITAL IMPROVEMENTS
<br />GREEN MOUNTAIN AUGMENTA TION
<br />EAGLE PARK
<br />VAIL INlCRMOUNTAIN WATER TANK
<br />EAGLE RIVERIGORE CRK. PUMPING PROJECT
<br />GORE CREEK WATERSHED PARTNERSHIP
<br />PA YlNG AGENT FEES
<br />CAPITAL IMPROVEMENTS AUDWANCE
<br />TOTAL OTHER EXPENDITURES
<br />
<br />DEBT SERVICE/EXISTING:
<br />PRINCIPAL
<br />INTEREST
<br />TOTAL DEBT SERVICE EXISTING
<br />TOTAL BONDS OUTSTANDING@ 12131
<br />
<br />DEBT SERVICE - 0/1/2000:
<br />PRINCIPAL
<br />INTEREST@ 7...
<br />TOTAL DEBT SERVICE EXISTING
<br />TOTAL BONDS OUTSTANDING@ 12/31
<br />
<br />BUDGET
<br />1m
<br />
<br />1.200.000
<br />o
<br />lSO.OOO
<br />301.3511
<br />20.000
<br />~
<br />1 70' sse
<br />
<br />1.207.500
<br />150,11113
<br />112.721
<br />305.272
<br />23.718
<br />30 000
<br />1111101172
<br />
<br />PHASE I $1.lIlI7,500 WAlCR ARM YIELDAOQUISTION FINANCED 100... WITH DEBT
<br />
<br />WORKING DRAFT - II-l0-lIe
<br />SU~CHA:IAND '::N - FO~ISCUS:: PURPO::ONLY
<br />
<br />!!9@
<br />
<br />1,215.000
<br />151.1511
<br />113.1101
<br />3OD.224
<br />23.053
<br />SO.OOO
<br />1.003~07
<br />
<br />12!!!
<br />
<br />1,222.500
<br />151.11011
<br />M,7511
<br />403.217
<br />24.103
<br />~
<br />1.01."~38
<br />
<br />1.4".000
<br />152,103
<br />112.1130
<br />407.240
<br />24.~
<br />~
<br />2131 707
<br />
<br />1.443.7SO
<br />I 52,7U
<br />IIs.on
<br />411,321
<br />24.1170
<br />.H.lI!!2
<br />2148 415S
<br />
<br />1.~,500
<br />ISS,201
<br />lIS.137
<br />415.435
<br />24.lI2G
<br />~
<br />210' 288
<br />
<br />1.411.2SO
<br />IllS.1IlI5
<br />1IlI.1S2
<br />410.SlI1
<br />2S.175
<br />~
<br />i.!!!.!!ll
<br />
<br />I.UO,OOO
<br />1 So4.<JSII
<br />117.12lI
<br />423,7115
<br />25.427
<br />l!!!J!!!!!
<br />2100703
<br />
<br />I.UB.750
<br />1 SS.085
<br />IlIl,OOO
<br />4211.023
<br />25.lIlI1
<br />30.000
<br />2.205.GI7
<br />
<br />20011
<br />
<br />1 .4B7.500
<br />155.1102
<br />III1.B75
<br />4S2.S03
<br />25._
<br />50 000
<br />2.220.308
<br />
<br />2007
<br />
<br />1.4011.250
<br />HI0.3311
<br />lIlI.MI
<br />430.11211
<br />a.11lI
<br />!!!.!!!!2
<br />2.2~ 052
<br />
<br />Zl!!!!!
<br />
<br />1,501.500
<br />157,003
<br />117.4lIlI
<br />440.002
<br />2B.4OO
<br />!2.!!!!2
<br />2 2.(3 422
<br />
<br />~
<br />
<br />~
<br />
<br />1._,7SO
<br />157./1811
<br />M,Ol8
<br />445.402
<br />211.724
<br />1M!!!!
<br />2251 4BO
<br />
<br />~
<br />
<br />1.512,000
<br />158.504
<br />112.320
<br />440.1I50
<br />H.ODI
<br />~
<br />2 2!50 501
<br />
<br />~ I 4SlI243 1.472 825 ~ Il102 420 I.Sl7.4S04 I M211211 ~ I !illS 4s.t 1 570 OM I 51141150 1 8101108 !.!2!.!!!.!! ~ J..SM!!
<br />'4~3e05 '.!UI243 1.472825 1487.554 1.502.420 "'74M 1.532828 115470154 1~3.3. 1.57008e '504850 10.0808 1028018 1043185 '''!:IOG.7
<br />
<br />o
<br />o
<br />270 000
<br />270000
<br />
<br />2.8110.44.
<br />30.000
<br />o
<br />o
<br />o
<br />12,000
<br />2.000
<br />o
<br />2713844
<br />
<br />70,000
<br />If 4 752
<br />1114 752
<br />1 .573.000
<br />
<br />347 553
<br />
<br />431 11211
<br />
<br />430 S71
<br />
<br />o
<br />o
<br />225 000
<br />225000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />250.000
<br />2Q4.000
<br />
<br />4287B2
<br />
<br />o
<br />2.000.000
<br />m.!W!
<br />2.223 000
<br />
<br />o
<br />50.000
<br />o
<br />1.000.000
<br />1 .000.000
<br />12.000
<br />2.000
<br />2M.GOO
<br />2.2Q04 000
<br />
<br />11202711
<br />
<br />o
<br />o
<br />225 000
<br />225.000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />250.000
<br />2V4.000
<br />
<br />8211000
<br />
<br />o
<br />o
<br />225 000
<br />225 000
<br />
<br />o
<br />30.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />2SO.OO0
<br />2MOOC)
<br />
<br />11211 080
<br />
<br />o
<br />o
<br />~
<br />225000
<br />
<br />o
<br />50,000
<br />o
<br />o
<br />o
<br />12.000
<br />2,000
<br />250.000
<br />2Q4.000
<br />
<br />115.000 00.000 05.000 100.000 110.000
<br />m.m 118.312 04.5115 110.1115 zg,m
<br />187.785 180.312 1ev.a8S 180815 188 825
<br />1.415.000 1.325,000 1.230,000 1.130.000 1.020.000
<br />
<br />o
<br />~
<br />~
<br />o
<br />
<br />028 037
<br />
<br />o
<br />o
<br />m.!!!l9
<br />225 000
<br />
<br />827 3tlO
<br />
<br />o
<br />o
<br />~
<br />225 000
<br />
<br />o
<br />30.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />~
<br />2V4 000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />250 000
<br />204000
<br />
<br />82e !5oCa
<br />
<br />o
<br />o
<br />~
<br />225.000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12,000
<br />2.000
<br />~.ooo
<br />2V4.000
<br />
<br />135,000
<br />54.070
<br />f fJD 074
<br />845.000
<br />
<br />025 44a
<br />
<br />o
<br />o
<br />225000
<br />225000
<br />
<br />o
<br />30.000
<br />o
<br />o
<br />o
<br />12.000
<br />2,000
<br />250.000
<br />2Q4.000
<br />
<br />145.000
<br />42._
<br />187 850
<br />SOO.OOO
<br />
<br />024 2.5
<br />
<br />o
<br />o
<br />150 000
<br />150000
<br />
<br />o
<br />50,000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />2!lOOOO
<br />204.000
<br />
<br />155,000
<br />50100
<br />IllS 100
<br />345.000
<br />
<br />ala 500
<br />
<br />o
<br />o
<br />~
<br />150 000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />~
<br />20'.000
<br />
<br />1115.000
<br />~
<br />187100
<br />IBO,OOO
<br />
<br />_205
<br />
<br />o
<br />o
<br />~
<br />150000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12,000
<br />2.000
<br />~
<br />204 000
<br />
<br />1110.000
<br />g
<br />1 eo GOO
<br />o
<br />
<br />50D 1145
<br />
<br />o
<br />o
<br />1!lO 000
<br />ISO 000
<br />
<br />o
<br />50.000
<br />o
<br />o
<br />o
<br />12.000
<br />2.000
<br />~
<br />2!MJ!!!!!
<br />
<br />o 0 50.000 55,000 00.000 03.000 70.000 75.000 110.000 115.000 DO.OOO 05.000 103,000
<br />~ Z!!J!!!!!. 140000 138S00 1321130 1211450 123000 110.000 113.750 1nJAl! ~ .u.!!l2 n.m
<br />~ 70000 100.000 10lSOO 112.1150 ~ 103 000 1114,000 103.750 IDS 150 ~ 1l!!!.I!!!! leu 250
<br />o 2.000.000 1,050.000 1,805.000 1.835.000 1.770.000 1.700.000 1.1125.000 1,545.000 1.480.000 1.570.000 1.275.000 1.170.000
<br />
<br />115.000
<br />ZL!!!2
<br />1881110
<br />005,000
<br />
<br />125.000
<br />808711
<br />185 878
<br />780,000
<br />
<br />EAGLE PARK RESERVOIR CO.
<br />ERWSD SHARE (22.32'llo) OF
<br />'11.5 MIUDN lOAN (EXH.I) ~ 1341113 lS4183 134183 134183 134183 1341113 ISO In ISO 1113 /34,185 134.183 134183 "4.IBS 1M US 1M 185
<br />ERWSD SHARE (111~"') OF
<br />OPERATING COSTS (EXH.I) ~ 111500 111.005 ~ 111050 18571 10.1211 ~ ~ 20.002 21.521l 22175 22.1140 2:1.525 24231
<br />TOTAL COSTS - EAGLE PARK RES. CO. ~ "0885 151"11 151888 1521115 152734 1532111 IMlln lS04<JSB 155,085 "5.802 1511.358 "7005 15711B8 ISlIS04
<br />
<br />I .807.500
<br />o
<br />225000
<br />2122500
<br />
<br />o
<br />30.000
<br />1 ,ea7,500
<br />o
<br />o
<br />12.000
<br />2.000
<br />250 000
<br />21111500
<br />
<br />75.000
<br />1011470
<br />1113470
<br />1.500.000
<br />
<br />o
<br />~
<br />~
<br />o
<br />
<br />lOTAL DEBT SERVICE INC. EAG PARk COSTS 18.752 334133 S38.043 407080 531 570 ~st. CUll 534 70e ~~ 225 534035 538.141 1537.202 534 5ea 5S0 $03 !SID Hsa 352844
<br />
<br />COVERAGE... (NOI/DEBTSERVICE) ~ ~ ~ ~ ~ ~ ~ !.!.!!!i .unr. 118'" ~ 117... ill"- ~ ~
<br />
<br />
<br />EXCESS REVENUES OVER EXPENDITURES 12 2110 11451 284118 22.4211 ~ 28.702 ~ &!.!!!! 24832 24325 1040ll 10 "7 lS04 5031 ~ 1114 8031 103301
<br />
<br />
<br />BEGINNINGFUNDSAVAILABLE-.JANI 4MBII71 2088028 2.00B.524 2.1IBOSS 2.070.755 20004511 lW..n.!!.! 21M311 2178143 22024117 ~ 2241035 21811000 21221104 20511001
<br />
<br />ENDING FUNDS AVAILABLE - DEC 31 ~ ~ &.1J.J.ia ~ ~ ll.U!.!lI a.J.U.lll. ZJ.ZI.l..Y ~ ~ &.Z!.L2>> &.lB.!!l! i..1.UJ!ti ~ ~
<br />
<br />REVENUE A8SUMPllONS:
<br />ASSESSED VALUATION ll""..nnu..ln"'.....) 401,5112,1130403.408,8511 4OD,480.o2B 4lS,5!l5.5S7 417.B01,ooS 421,1188,_ 428._,884 430,347._ .......~l,_ _,w7.53ll ~,0fl7,511 U1,e2I,~ 452.200,800 _,1122._ 4lI1.SllO,1I22
<br />OPERATING MIll. LEVY 0.075 0.075 0.1175 0.075 0_1175 0.075 0.075 0.075 0.075 0.1175 0.1175 0.075 0.1175 0.1175 0.075
<br />
<br />NEW UNITS ADDED
<br />
<br />eo
<br />
<br />50
<br />
<br />so
<br />
<br />so
<br />
<br />so
<br />
<br />!SO
<br />
<br />so
<br />
<br />!SO
<br />
<br />!SO
<br />
<br />!SO
<br />
<br />!SO
<br />
<br />ss
<br />
<br />35
<br />
<br />ss
<br />
<br />
<br />800.000,000 llOS,OOO,OOO BIO,OOO.OOO 815,000.000 1120.000.000 lI25,OOO.OOO _.000,000 1IS5,000,OOO 840,000.000 1143,000,000 850.000.000 855.000.000 _,000.000 llBI.OOO.OOO _.000.000
<br />.1.50 11.!SO 5"!SO ".!SO $1.75 .1.75 ".75 '1.75 51.73 51.75 51.75 11.75 ".711 51.75 ".75
<br />ER!l IQ.1i IQ.1i at2 fUi at2 I9..lJ &11 .12..!! iQJ! iQJ! J2J! J2J! I!lJI J2J!
<br />l!M 11M 11M 11M ill! l!,i! I.ln ~ l!B l!B ~ l!B llB l!.n l!.n
<br />
<br />TOTALS MAY NOT ADD DUE TO ROUNDING. lliE NOlC8 AND AS8UMPTlON8 coNTAINED IN lllE ACCOM~NYING REPORT ARE AN INTEGRAL PART OF 1lllS SUMMARY EXHIBIT.
<br />lliERE WIll. USUAll. Y BE DIFFERENCES BElWEEN FORECASTED AND ACTUAL RESULTS BECAUSE EVENTS AND CIRCUMSTANCE8 FREQUEN11.Y DO NOT OCCUR AS EXPEClCD
<br />AND THOSE DIFFEIENCES MAYBE MAlCRIAL
<br />THE ABOVE INFORMATlON HAS NOT BEEN INDEPENDEN11.Y AUDITED. EXAMINED. REVEWED. COMPILED. OR lCSlCD.
<br />
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