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<br />City of La Porte, Texas
<br />Long Range Projection for the La Porte Development Corporation
<br />Section 48 1/2 Cent Sales Tax
<br />
<br />Projected
<br />2007-08
<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 />o
<br />
<br />Beg Working Capital Balance
<br />
<br />e
<br />
<br />429,170
<br />
<br />1,096,563
<br />13,042
<br />1.109,605
<br />
<br />381,711
<br />
<br />1,069,817
<br />10,468
<br />1,080,285
<br />
<br />389,715
<br />
<br />1,043,724
<br />9,310
<br />1,053,034
<br />
<br />450,617
<br />
<br />1,018,267
<br />9,505
<br />1,027,773
<br />
<br />561,933
<br />
<br />993,432
<br />10,991
<br />1,004,422
<br />
<br />721,250
<br />
<br />969,202
<br />13,706
<br />982,907
<br />
<br />926,234
<br />
<br />945,563
<br />17,591
<br />963,154
<br />
<br />785,493
<br />
<br />922,500
<br />22,591
<br />945,091
<br />
<br />45,210
<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 />557,538
<br />441,500
<br />1,004,038
<br />
<br />5,000
<br />573,950
<br />453,875
<br />1,032,825
<br />
<br />5,000
<br />590,038
<br />466,000
<br />1,061,038
<br />
<br />5,000
<br />605,800
<br />477,875
<br />1,088,675
<br />
<br />5,000
<br />621,238
<br />489,500
<br />115,738
<br />
<br />5,000
<br />636,350
<br />500,875
<br />1.142,225
<br />
<br />5,000
<br />651,138
<br />512,000
<br />1.168,138
<br />
<br />5,000
<br />665,600
<br />133,750
<br />804,350
<br />
<br />5,000
<br />173,875
<br />o
<br />178,875
<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 />$5 issue in 00-01
<br />Total Expenses
<br />
<br />1
<br />
<br />785.493
<br />
<br />45,210
<br />
<br />Ending Balance
<br />
<br />e
<br />
<br />534,737
<br />
<br />429,170
<br />
<br />381,711
<br />
<br />389,715
<br />
<br />450,617
<br />
<br />561,933
<br />
<br />721,250
<br />
<br />926,234
<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 />A debt issue of $5 million will occur in February 2001
<br />
<br />will be about 2010 before another debt issue could be supported.
<br />
<br />it
<br />
<br />If these assumptions hold true,
<br />
<br />-
<br />
<br />d)
<br />
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