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Beg Working Capital Balance
<br />Plus Revenues:
<br />Sales Tax
<br />Interest
<br />Total Revenue
<br />Less Expenses:
<br />Operations
<br />Projects
<br />$3 issue in 99-00
<br />$4 issue in 00-01
<br />$5 issue in 01-02
<br />Total Expenses
<br />City of La Porte, Texas
<br />Long Range Projection for the La Porte Development Corporation
<br />Section 41B 112 Cent Sales Tax
<br />Method 1 - Issue Debt for Projects
<br />Actual
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />Projected
<br />1998-99
<br />1999-00
<br />2000-01
<br />2001-02
<br />2002-03
<br />2003-04
<br />2004-05
<br />2005-06
<br />2006-07
<br />2007-08
<br />0
<br />45,706
<br />875,817
<br />881,633
<br />968,248
<br />705,660
<br />496,705
<br />343,346
<br />247,608
<br />211,585
<br />50,484
<br />900.000
<br />922.500
<br />945,563
<br />969.202
<br />993,432
<br />1,018,267
<br />1.043,724
<br />1,069,817
<br />1,096,563
<br />222
<br />21,361
<br />21,503
<br />23,616
<br />17,211
<br />12,115
<br />8,374
<br />6,039
<br />5,161
<br />5,791
<br />50,706
<br />921,361
<br />944,003
<br />969,178
<br />986,413
<br />1,005,546
<br />1.026,642
<br />1,049.763
<br />1.074,978
<br />1,102,354
<br />•
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />5,000
<br />0
<br />0
<br />500,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />86,250
<br />318,188
<br />309,563
<br />300,938
<br />292.313
<br />283,688
<br />275,063
<br />266,438
<br />257,813
<br />0
<br />0
<br />115,000
<br />424,250
<br />412,750
<br />401.250
<br />389,750
<br />378,250
<br />366,750
<br />355.250
<br />0
<br />0
<br />0
<br />143,750
<br />530,313
<br />515,938
<br />501,563
<br />487,188
<br />472,813
<br />458.438
<br />5,000
<br />91,250
<br />938,188
<br />882,563
<br />1,249,001
<br />1,214,501
<br />1,180,001
<br />1,145,501
<br />1,111,001
<br />1,076,501
<br />Ending Balance 45,706 875,817 881,633 968,248
<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 $3 million will occur in March 2000
<br />A debt issue of $4 million will occur in March 2001
<br />A debt issue of $5 million will occur in March 2002
<br />If these assumptions hold true, it will be about 2009 before another debt issue could be supported.
<br />Debt issues are based on a 20 year term and an average interest rate of 5.75%.
<br />The $3 million issue in March 2000 is targeted for the Community Library.
<br />The $4 million issue in February 2001 will probably be for the Bay Area Boulevard extension
<br />705,660 496,705 343,346 247,608 211,585 237,438
<br />Projects for the $500.000 in FY 2000-2001 and the $5 million issue in February 2002 have not been identified.
<br />E
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