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 />
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