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<br />Long Range Projection for the La Porte Development Corporation
<br />Section 48 1/2 Cent Sales Tax
<br />
<br />Projected
<br />2006-07
<br />
<br />Projected
<br />2005-06
<br />
<br />Projected
<br />2004-05
<br />
<br />Projected
<br />2003-04
<br />
<br />Projected
<br />2002-03
<br />
<br />Projected
<br />2001-02
<br />
<br />Projected
<br />2000-01
<br />
<br />Projected
<br />1999-00
<br />
<br />Estimated
<br />1998-99
<br />
<br />Projected
<br />2007-08
<br />
<br />785.493
<br />
<br />45,210
<br />
<br />o
<br />
<br />Beg Working Capital Balance
<br />
<br />-
<br />
<br />440.864
<br />
<br />1,096,563
<br />24,372
<br />1.120.935
<br />
<br />939.244
<br />
<br />1,069,817
<br />10,753
<br />1.080.570
<br />
<br />467,650
<br />
<br />1,043,724
<br />22,908
<br />1,066,632
<br />
<br />48,776
<br />
<br />1,018,267
<br />11,406
<br />1,029,673
<br />
<br />680.393
<br />
<br />993,432
<br />1,190
<br />994,621
<br />
<br />335,947
<br />
<br />969,202
<br />16,595
<br />985,797
<br />
<br />38.328
<br />
<br />945,563
<br />8.194
<br />953.756
<br />
<br />922,500
<br />935
<br />923,435
<br />
<br />900.000
<br />19,158
<br />919.158
<br />
<br />50,000
<br />210
<br />50,210
<br />
<br />Plus Revenues:
<br />Sales Tax
<br />
<br />Interest
<br />Total Revenue
<br />
<br />5,000
<br />590,038
<br />
<br />5.000
<br />605,800
<br />o
<br />610,800
<br />
<br />5.000
<br />621,238
<br />1,000,000
<br />1,626.238
<br />
<br />5,000
<br />636,350
<br />
<br />5.000
<br />651,138
<br />o
<br />656,138
<br />
<br />5,000
<br />665.600
<br />1.000,000
<br />1,670.600
<br />
<br />5,000
<br />173,875
<br />
<br />5,000
<br />o
<br />o
<br />5,000
<br />
<br />Less Expenses:
<br />Operations
<br />$6.5 issue in 99-00
<br />Pay as you go Method
<br />Total Debt
<br />
<br />5,000
<br />557,538
<br />o
<br />562,538
<br />
<br />5,000
<br />573.950
<br />1,000,000
<br />1.578.950
<br />
<br />o
<br />595,038
<br />
<br />o
<br />641,350
<br />
<br />o
<br />178.875
<br />
<br />335.947
<br />
<br />785,493
<br />
<br />45,210
<br />
<br />Ending Balance
<br />
<br />e
<br />
<br />999.261
<br />
<br />440,864
<br />
<br />939,244
<br />
<br />467,650
<br />
<br />48,776
<br />
<br />680,393
<br />
<br />38.328
<br />
<br />Assumptions:
<br />Annual growth of the 1/2 cent Sales Tax will be at 2.5% per year.
<br />Interest will be earned at 5% on average balance
<br />A debt issue of $6.5 million will occur in February 2000
<br />About $1 million in projects will be done every three years.
<br />
<br />-
<br />
<br />..D
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