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LAWMA -Water Rights Purchase
<br />January 22-23, 2008
<br />Table 3. CWCB Loan Summary*
<br />Agenda Item 11c
<br />Loan No. 2008 2009 2010 -
<br />2014 2015 -
<br />2034 2035 -2037 2038 -
<br />2039
<br />C153715 $199,184 $199,184 $199,184 $199,184 $199,184
<br />C153756 $ 9,154 $ 9,154
<br />C153768 $ 67,200 $ 67,200 $ 67,200 $ 89,297 $ 89,297
<br />C150150 $108,575 $108,575 $108,575 $108,575
<br />New Loan $0 $116,035 $116,035 $116,035 $116,035 $116,035
<br />Totals $384,113 $500,148 $490,994 $513,091 $404,516 $116,035
<br />* Does not include 10% reserve requirement.
<br />LAWMA has two main sources of revenue, membership dues (approx. $178,760/yr.) and
<br />assessments on shares of LAWMA stock (approx. $551,432), for a total annual income of $730,192.
<br />LAWMA can increase its annual revenue to cover additional costs, by increasing its membership
<br />dues, and/or by increasing its assessments on shares of LAWMA stock.
<br />Table 4 shows LAWMA's projected income and expenses over the CWCB loan repayment period.
<br />LAWMA income is based on an annual assessment of $27.30 per share, which is carried out through
<br />2044 on Table 4.
<br />Table 4. LAWMA's Projected Income, Annual Expenses and CWCB Loan Service
<br />Year 2008 2009 2010- 2015- 2019- 2035- 2038-
<br /> 2014 2018 2034 2037 2044
<br />LAWMA Income
<br />$730,192
<br />730,192
<br />$730,192
<br />$730,192
<br />$730,192
<br />$730,192
<br />$730,192
<br />($27.30/share)
<br />Expenses: Operating,
<br />Legal, and Engineering $190,000 $190,000 $190,000 $190,000 $190,000 $190,000 $190,000
<br />LAWMA Loan Payments $384,113 $500,148 $490,994 $513,091 $513,091 $404,516 $116,035
<br />LAWMA Total Expenses $574,113 690,148 $680,994 $703,091 $703,091 $594,516 $306,035
<br />LAWMA Cash Flow
<br /> $156,079 $40,044 $49,198 $27,101 $27,101 $135,676 $424,157
<br />Surplus
<br />LAWMA 10% Reserve
<br /> $17,577 $22,460 $22,460 $11,603 $0 $0 $0
<br />Payment on Loans
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