Laserfiche WebLink
<br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br /> <br />Financial Analysis <br />A financial analysis was performed to evaluate the cash flow requirements for <br />the Company in order to repay the loan debt. The Company has recently taken out a <br />loan for $389,700 from the CWCS to finance the reconstruction of its river diversion <br />structure. This loan is shown in the financial schedule along with the proposed $1 <br />million loan, as well as the normal pperation and maintenance budget of the Company. <br />Future operations and maintenance budgets of $90,000 (in year 2000 dollars) exclude <br />the recent annual slab repair maintenance expenditures of $10,000, the estimation of <br />the recent annual amount of maintenance dedicated solely for the upstream facing and <br />sinkhole repair, but includes the proposed $5,000 for future slab maintenance and <br />beaching at the eastern and western ends of the dam. Under the preferred Option 4-6, <br />maintenance of the new upstream soil cement slope protection is expected to be <br />minimal. <br /> <br />I <br />I <br /> <br />The financial program is outlined in Table 12. The schedule details the <br />anticipated Company expenses through the 30-year loan period for the Company. and <br />determines the required assessment in order to repay the loan. The principal amount is <br />$1,000,000, and the annual repayment would be $57,830. This loan is indicated on <br />Table 12 as CWCB Loan 2. In the summer of 2000, the Company secured a loan from <br />the CWCS for reconstruction of its river headgate and diversion structure. Repayment <br />of this loan is listed in Table 12 as the CWCB Loan 1, <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />In this analysis, the "Other Income" and "Operations and Maintenance" costs <br />were not increased by the rate of inflation. Company reserve funds are assumed to <br />generate interest each year as shown on Table 12. The "Reserve Fund" is built up over <br />10 years and then maintained at $ 77,300 to provide the one-year loan repayment (for <br />both the slope repair project as well as the river headgate reconstruction project loans) <br />required by the CWCS. Assessments are expected to increase from $60.00 in 2000 <br />(plus an additional $37.41 in special assessments in 2000) to $112.20 in 2002 when <br />the full repayment schedule for both CWCS loans will be effective. <br /> <br />41 <br />