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Column (6) includes the funds required of the HID to pay for 10% of the project plus the 1% loan <br />origination fee. For the years of 2007, 2008, and 2009, the HID payments for their share of the <br />project and the loan origination fee shown in column (6) will be paid from the saving or cash balance <br />shown in Column (11). <br />The yearly payment to the CWCB, starting in 2009, is shown in Column (7). <br />Columns (8), (9), and (10) are the summation of the previous columns with regard to all income and <br />expenses and Column (l ]) is the Cash Balance of the income minus expenses plus any carryover <br />from the previous year. <br />The assessment levels were set to maintain A Net Fund Reserve of approximately $260,000 + which <br />is approximately 30% of their operating for one year. <br />Table 9 is presented in current dollars as no inflation is included. <br />As indicated in Table 9, the assessments will not have to be increased significantly over the current <br />level of $18 per acre. The assessments will increase to a high of approximately $21 and then reduce <br />a level between $19 and $20 per acre during most of the loan period. <br />Horsecreek & Prospect Reservoirs - 06.014 <br />Henrylyn Irrigation District Page 18 <br />