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LAWMA'S INCOME, OPERATING EXPENSES AND CWCB LOAN SERVICE
<br />Year 2008 2009 2010-2014 2015-2018 2019-2034 2035-2037 2038-2044
<br />LAWMA Income S73Q192 5730,192 5730,192 5730,192 5�30,192 5730,192 5730,192
<br />(2008 projected)'
<br />Operating Expenses 590,000 590,000 590,000 590,000 590,000 590,000 590.000
<br />Legal Expenses 550,000 550,000 550,000 550,000 550,000 550,000 550,000
<br />Engineering 550,000 550,000 550,000 550,000 $50,000 550,000 $50,000
<br />Expenses
<br />CWCB Loa❑ $384,113 5503,258 5494,I04 5494,I04 5516,201 5407.626 5119,145
<br />Payments with
<br />acquisition of
<br />remaiaing one-half
<br />of Keesee
<br />LAWMA'stotal 5574,113 5693,258 S684,I04 5684,I04 S706,201 5597,626 5309,145
<br />expenses
<br />(operating, legal,
<br />engi¢eering &
<br />toans)
<br />LAWMA cash flow 5156,079 536,934 546,088 546,088 523,991 S132,566 5421,047
<br />deCci[ or surplus
<br />(income minus totai
<br />expenses)
<br />]0% re[ainage on $19,788 S3I,703 S3I,703 511,915
<br />CWCB loan
<br />payments
<br />LAWMA cash 11ow 5136,291 55,231 514,385 534,173 $23,991 5132,566 5421,047
<br />deficit or surplus
<br />including 10%
<br />CWCB loan
<br />retainage
<br />' 2008 proj ected income to LAWMA assuming assessments are made on the equivalent
<br />of 20,199 common shares.
<br />15
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