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<br /> ENGI:,EER'S PROJECTION
<br /> Prepared by Freese and :Jicho1s, Inc., Austin, Texas
<br /> ~i sca 1
<br /> ¡ear Net Income To ta 1 Debt
<br /> E¡,di n9 Operating Available for Service
<br /> 9-30 Gross Income Expense Debt Service Requirements
<br /> 1984 S 2,700,000 $1,400,000 S 1,300,000 S 88,500
<br /> 1985 2,916,000 1,470,000 1,446,000 312,150
<br /> 1986 3,150,000 1 ,544,000 1,606,000 273,938
<br /> 1987 3 ,402 , 000 1,621,000 1 ,781 ,000 268,863
<br /> 1988 3,674,000 1 ,702,000 1,972,000 268,538
<br /> 1989 3,968,000 1 ,787,000 2,181 ,000 267,713
<br /> 1990 4,285,000 1,876,000 2,409,000 271 ,275
<br /> 1991 4,628,000 1 ,969,000 2,659,000 269,225
<br /> 1992 4,998,000 2,067,000 2,931,000 266,675
<br /> 1993 5,398,000 2,170,000 3,228,000 268,513
<br /> 1994 5,830,000 2,278,000 3,552,000 264,738
<br /> 1995 6,296,000 2,391,000 3,905,000 270,1 00
<br /> 1996 6,800,000 2,51 0,000 4,290,000 264,600
<br /> 1997 7,344,000 2,685,000 4,659,000 263,350
<br /> 1998 7 ,931 ,000 2,873,000 5,058,000 265,988
<br /> 1999 8, 566 , 000 3,074,000 5,492,000 262,513
<br /> 2000 9,251,000 3,289,000 5,962,000 262,925
<br /> 2001 9,991 ,000 3,519,000 6,472,000 257,225
<br /> 2002 10,790,000 3,765,000 7,025,000 255,413
<br /> 2003 11 ,653,000 4,028,000 7,625,000 257,125
<br /> 2004 1 2,585 ,000 4,310,000 8,275,000 85,975
<br /> 2005 13,591,000 4,611 ,000 8,980,000 87,713
<br /> 2006 14,678,000 4,934,000 9,744,000 89,225
<br /> 2007 15,852,000 5,279,000 10,573,000 85,625
<br /> 2008 17,120,000 5,648,000 11 ,472,000 86,913
<br /> $124,597,000 $5,614,818
<br /> Note: In Total Debt Service Requirements, interest on the Bonds has been calculated at the
<br /> rate of 10.00% for purposes of illustration.
<br /> Average Annual Estimated Net Income, Fiscal Years Ending 1984 through 2008 ------ $4,983,880
<br /> Average Annual Principal and Interest Requirements, Fiscal Years Ending
<br /> 1984 through 2008 ------------------------------------------------------------- S 224,593
<br /> Coverage -- 22.19 Times
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