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<br />TABLE 5
<br />PAYOUT SCHEDULE - CWCB LOAN
<br />
<br />Annual Payment = $2,848.61
<br />Amt. Paid
<br />
<br />Interest
<br />
<br />Principal
<br />
<br />Year 1
<br />2
<br />3
<br />4
<br />5
<br />6
<br />7
<br />8
<br />Year 9
<br />10
<br />11
<br />12
<br />13
<br />14
<br />15
<br />16
<br />17
<br />18
<br />19
<br />20
<br />
<br />$2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />2,848.61
<br />
<br />56,972.26
<br />
<br />$1,775.00
<br />1,721.32
<br />1,664.96
<br />1,605.77
<br />1,543.63
<br />1,478.38
<br />1,409.87
<br />1,332.93
<br />1,262.40
<br />1,183.09
<br />1,099.81
<br />1,012.37
<br />920.56
<br />824.16
<br />722.94
<br />616.65
<br />505.05
<br />387.88
<br />264.84
<br />135.65
<br />
<br />21,472.26
<br />
<br />$1,073.61
<br />1,127.29
<br />1,183.65
<br />1,242.84
<br />1,304.98
<br />1,370.23
<br />1,438.74
<br />1,510.68
<br />1,586.21
<br />1,665.52
<br />1,748.80
<br />1,836.24
<br />1,928.05
<br />2,024.45
<br />2,125.67
<br />2,231.96
<br />2,343.56
<br />2,460.73
<br />2,583.77
<br />2,713.02
<br />
<br />35,500.00
<br />
<br />Balance
<br />
<br />$34,426.39
<br />33,299.10
<br />32,115.45
<br />30,872.61
<br />29,567.63
<br />28,197.40
<br />26,758.66
<br />25,247.98
<br />23,661. 77
<br />21,996.25
<br />20,247.45
<br />18,411. 21
<br />16,483.16
<br />14,458.71
<br />12,333.04
<br />10,101. 08
<br />7,757.52
<br />5,296.79
<br />2,713.02
<br />-0-
<br />
<br />C. Assessment required to meet expenses and payouts
<br />
<br />
<br />Over the past several years, annual operatin9 expenses for Ish Reservoir
<br />
<br />Company have been approximately $21,000 to $24,000. Costs for repairs and main-
<br />
<br />tenance average an additional $5,000. The years 1985 and 1986 showed extraor-
<br />
<br />dinary expenditures for maintenance and repairs because of en9ineerin9 and
<br />
<br />improvement work required as a result of the State Engineer's dam safety
<br />program. Annual principal and interest payments for the old loan from Farm
<br />
<br />Credit Services are in addition to the above noted expenditures, amounting to
<br />
<br />about $14,000 in 1985 and $11,500 in 1986. The annual expenditures are offset
<br />
<br />by an annual income averaging approximately $5000 for carrying Colorado Big
<br />
<br />
<br />Thompson project water through New Ish Ditch. As noted in Section A, Farm
<br />
<br />-29-
<br />
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<br />
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<br />. ,..111
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