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<br />Balance Fwd-Previous Yr.
<br />Income @ Rate #4 (4)
<br />Expenses:Loan Payment
<br />O,M.&R, E.O.F. (6)
<br />*10% Coverage (7)
<br />**Int. during Const. (8) 5,770 9,115
<br />***Surp1us Carried Fwd. 10,259 10,092 18,837 27,532 36,148
<br />
<br />PROJECT COST: $834,000 50% Grant (FmHa) = $417,000 + (4Corner Grant) = $100,000
<br />Loan = $317,000 - i = 3% - Term (n) = 40 yr.
<br />
<br />Balance Fwd-Previous Yr. 0.00 20,970 16,648 29,280 34,132
<br />Income @ Rate #5 (5) 48,840 49,858 50,468 51,282 52,096
<br />Expenses:Loan Payment 13,715 13,715 13,715 13,715
<br />O,M.&R, E.O.F. (6) 22,100 29,975 30,655 31,340 32,055
<br />*10% Coverage (7) 1,375 1,375 1,375 1,375
<br />**Int. during Const. (8) 5,770 9,115
<br />***Surp1us carried Fwd. 20,970 16,648 29,280 34,132
<br />(1) Rate 1. $10. 75/mo. min. + $1.75/1000 gal. + $4.00 Flat Rate.
<br />(2) Rate 2. $11.75/mo. min. + $1.75/1000,ga1. +~$4~00 Flat Rate.
<br />(3) Rate 3. $ 9.25/mo. min. +'$1.70/1000 gal. + $3.50 Flat Rate.
<br />(4) Rate 4. $ 6.00/mo. min. + $1.35/1000 gal. + $3.50 Flat Rate.
<br />(5) Rate 5. $ 8.75/mo. min. + $1.70/1000 gal. + $3.50 Flat Rate.
<br />(6) 1977 OM&R,'reduced to reflect 3 mo. of complete operation
<br />(7) 10% coverage on loan payment.
<br />(8) Interest during construction taken at 8% of 1977 expenditure and 5% of 1978 expenditure:
<br />less interest allowance included in other costs.
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<br />Table 7
<br />SIX YEAR CASH FLOW SCHEDULE
<br />
<br />1977 1978
<br />PROJECT COST: $834,000 50% Grant $417,000 _
<br />50% Loan $417,000
<br />
<br />Balance Fwd-Previous Yr. 0.00 28,571
<br />Income @ Rate #1 (1) 56,441 57,616
<br />Expenses:Loan Payment 21,275
<br />O,M.&R, E.O.F. (6) 22,100 29,975
<br />*10% Coverage (7) 2,130
<br />**Int. during Const.(8) 5,770 9,115
<br />***Surp1us Carried Fwd. 28,571 23,692
<br />
<br />PROJECT COST: $834,000 50% Grant $417,000 _ ; __
<br />. 4% - Term (n) = 30 yr.
<br />50% Loan $417,000
<br />
<br />Balance Fwd-Previous Yr. 0.00 31,451
<br />Income @ Rate #2 (2) 59,321 60,557
<br />Expenses:Loan Payment 24,120
<br />O,M.&R, E.O.F. (6) , 22,100 29,975
<br />*10% Coverage (7) 2,410
<br />**Int. during Const. (8) 5,770 9,115
<br />Surplus Carried Fwd. 31,451 26,388
<br />
<br />PROJECT COST: $834,000 70% Grant $583,800 _ . - 3% _ Term (n) = 30 yr.
<br />30% Loan $250,200 ~-
<br />
<br />Balance Fwd-Previous Yr. 0.00 22,410
<br />Income @ Rate #3 (3) 50,280 51,328
<br />Expenses:Loan Payment 12,765
<br />O,M.&R, E.O.F. (6) 22,100 29,975
<br />*10% Coverage (7) 1,280
<br />**Int. during Const.(8) 5,770 9,115
<br />***Surp1us Carried Fwd. 22,410 20,603
<br />
<br />PROJECT COST: $834,000 100% Grant $834,000 _ i = 0% _ Term (n) = 0 yr.
<br />0% Loan $ -0-
<br />
<br />0.00 10,259
<br />38,129 38,923
<br />
<br />1979 1980
<br />i = 3% - Term (n) = 30 yr.
<br />
<br />23,692
<br />58,322
<br />21,275
<br />30,655
<br />2,130
<br />
<br />27,954
<br />59,263
<br />21,275
<br />31,340
<br />2,130
<br />
<br />27,954
<br />
<br />32,472
<br />
<br />26,388
<br />61,298
<br />24,120
<br />30,655
<br />2,410
<br />
<br />30,501
<br />62,287
<br />24,120
<br />31,340
<br />2,410
<br />
<br />30,501
<br />
<br />34,918
<br />
<br />20,603
<br />51,956
<br />12,765
<br />30,655
<br />1,280
<br />
<br />27,859
<br />52,794
<br />12,765
<br />31,340
<br />1,280
<br />
<br />27,859
<br />
<br />35,268
<br />
<br />10,092
<br />39,400
<br />
<br />18,837
<br />40,035
<br />
<br />29,975
<br />
<br />30,655
<br />
<br />31,340
<br />
<br />22,100
<br />
<br />
<br />1981
<br />
<br />32,472
<br />60,204
<br />21,275
<br />32,055
<br />2,130
<br />
<br />37,216
<br />
<br />34,918
<br />63,275
<br />24,120
<br />32,055
<br />2,410
<br />
<br />39,608
<br />
<br />35,268
<br />53,632
<br />12,765
<br />32,055
<br />1,280
<br />
<br />.42 ,800
<br />
<br />27,532
<br />40,671
<br />
<br />32,055
<br />
<br />39,083
<br />
<br />1982
<br />
<br />37,216
<br />61,144
<br />21,275
<br />32,805
<br />2,130
<br />
<br />42,150
<br />
<br />39,608
<br />64,264
<br />24,120
<br />32,805
<br />2,410
<br />
<br />44,537
<br />
<br />42,800
<br />54,470
<br />12,765
<br />32,805
<br />1,280
<br />
<br />50,420
<br />
<br />36,148
<br />41,306
<br />
<br />32,805
<br />
<br />44,649
<br />
<br />39,083
<br />52,910
<br />13,715
<br />32,805
<br />1,375
<br />
<br />44,098
<br />
<br />-50-
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