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<br />I <br />I <br />I <br />I <br />I <br />I- <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />, <br />I <br /> <br />Assumptions: <br /> <br />FmHA loan has $36,000 reserve fund earning 7.5% interest per year. This <br />loan could be retired about year 2017 or annual payments could be made from <br />the reserve fund beginning in approximately 2014. <br /> <br />Net reserves assumes FmHA loan retired in 2018, thus from 2019 on the <br />$22,000 payment is not due. <br /> <br />Assessments increase at rate of 2.4% annually until 1991, then 2.6% <br />annua 11 y. <br /> <br />Delivery Charges increase at rate of 2% annually until 1991, then 2.5% <br />annua 11 y. <br /> <br />Other income increases at rate of 1% annually until 1991, then 1.5% <br />annua 11 y. <br /> <br />O&M expenses increase at rate of 5% annually. <br /> <br />Financial contingency is accumulated and added to net reserve fund, thus <br />also earns interest at rate of 7% compounded annually. <br /> <br />31 <br />