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on parcel A. More likely that area will be annexed into Breckenridge. So, we have not included the <br />potential revenue or expenditure for these SFEs. Tax revenues are held constant because if <br />valuations increase, the current Board members are in favor of reducing the mil levy to keep the <br />revenues constant. The projections also do not take into account the likelihood of Tiger Run enterir <br />the District. The District has the option to start paying down the Bond in 2013 and because of the <br />positive cash flow, that might happen. In any case, the District has more than sufficient revenues to <br />service the CWCB debt. <br />All of the District's facilities are in very good condition. Small repairs are likely but no <br />major repairs are foreseen. The steel water tank, after 10 years of service, had almost <br />no residue at the last cleaning. Exterior maintenance will be required but that is in the <br />budget. <br />Table 4 <br />Swan's Nest Metropolitan District <br />20 - Year Financial Projection <br />Actual Actual Budgeted Budgeted Budgeted Budgeted Budgeted Budgeted Budgete <br />2008 2009 2010 2011 2012 2013 2014 2015 201 <br />SOURCE OF FUND <br />Taxes 177,585 182,113 <br />Water Service Fees 63,518 64,478 <br />Tap Fees 9,000 1,500 <br />Miscellaneous 877 46,013 <br />Conservation Trust 513 483 <br />TOTAL REVENUE 251,493 294,587 <br />EXPENDITURES <br />Debt Service Bond <br />CWCB loan <br />Contract Labor <br />Water operations <br />Maintenance & Repair <br />Professional Fees <br />Open Space Mgt. <br />Capital Projects <br />Miscellaneous <br />Water Rights Purchase <br />TOTAL EXPENDITURE <br />NETINCREASE(DECREASE) <br />Beginning Cash <br />Ending Cash <br />221,440 221,440 <br />72,000 81,000 <br />0 0 <br />150,000 0 <br />450 450 <br />443,890 302,890 <br />154,868 156,910 <br />16,050 <br />2,000 2,000 <br />25,000 25,000 <br />4,500 4,613 <br />55,000 25,000 <br />15,000 15,000 <br />250 <br />285,000 <br />541,618 244,573 <br />-97,728 58,318 <br />136,514 38,786 <br />38,786 97,104 <br />221,440 <br />81,000 <br />10,500 <br />0 <br />450 <br />313,390 <br />153,130 <br />16,050 <br />12,000 <br />25,000 <br />4,728 <br />15,000 <br />15,000 <br />240,908 <br />72,482 <br />221,440 221,440 221,440 221,44 <br />81,000 81,000 81,000 81,00 <br />10,500 10,500 <br />0 0 0 <br />450 450 450 45 <br />313,390 313,390 302,890 302,89 <br />154,650 155,038 155,438 150, 55 <br />16, 050 16, 050 16, 050 16, 05 <br />12, 000 12, 00 0 12, 000 12, 00 <br />25,000 25,000 25,000 25,00 <br />4,846 4,967 5,091 5,21 <br />15, 000 15, 000 15, 000 15, 00 <br />15, 000 15, 000 15, 000 15, 00 <br />242,546 243,055 243,579 238,81' <br />70,844 70,335 59,311 64,07 <br />149, 675 152,848 <br />25,910 <br />23,216 22,081 <br />9,738 4,180 <br />13,144 30,594 <br />0 54,679 <br />0 <br />0 137 <br />221,683 264,519 <br />29,810 30,068 <br />76,636 106,446 <br />106,446 136,514 <br />16 <br />97,104 <br />169,586 <br />169,586 240,430 310,765 370,07' <br />240,430 310,765 370,075 434,14 <br />