Cross Creek (preliminary):1314601 71284 13 (5)

Cash Flow Projection

Monthly County-wide ??

  Total Total Aug'84 Sep'84 Oct'84 Nov'84 Dec'84 Jan'85 Feb'85 Mar'85 Apr'85 May'85 Jun'85 Jul'85 Aug'85 Sep'85 Oct'85 Nov'85 Dec'85 Jan'86 Feb'86
300 Sales 35324210.852 35324211           2250180 2262903 2275698 2288565 2301505 2314518 2327604 2340765 2444950 3163587 3181474 3199463 3217553 1755447
132.9 Land Cost     -4500000                                    
143 Direct Construction Costs -14846146.65 -14846147     -248310 -498246 -749816 -1003028 -1006311 -1009606 -1012911 -1016227 -1019554 -1079719 -1140267 -1201200 -1262520 -1122715 -808691 -492598 -174427
144 Indirect Const. Costs -593845.8659 -593846     -9932 -19930 -29993 -40121 -40252 -40384 -40516 -40649 -40782 -43189 -45611 -48048 -50501 -44909 -32348 -19704 -6977
144.6 Maintenance Expense -28001.79303 -28002 -2183 -2183 -2190 -2198 -2205 -2212 -2067 -1921 -1773 -1625 -1476 -1326 -1175 -1023 -870 -680 -490 -299 -106
Subtotal -621847.6589 -621848 -2183 -2183 -12123 -22128 -32197 -42333 -42319 -42305 -42290 -42274 -42258 -44515 -46786 -49071 -51370 -45589 -32838 -20002 -7083
141 Land Dev. Cost -2821313.028 -2821313 -349643 -349643 -350788 -351936 -353088 -354244 -355404 -356567                      
141.21 Engineering -56426.26057 -56426 -6993 -6993 -7016 -7039 -7062 -7085 -7108 -7131                      
Subtotal -2877739.289 -2877739 -356636 -356636 -357803 -358975 -360150 -361329 -362512 -363699                      
149.9 Contingency -141065.6514 -141066 -17482 -17482 -17539 -17597 -17654 -17712 -17770 -17828                      
550 Points Paid for Customers -883105.2713 -883105           -56255 -56573 -56892 -57214 -57538 -57863 -58190 -58519 -61124 -79090 -79537 -79987 -80439 -43886
610 Salaries & Commissions -1766210.543 -1766211           -112509 -113145 -113785 -114428 -115075 -115726 -116380 -117038 -122247 -158179 -159074 -159973 -160878 -87772
620 Advertising -1059726.326 -1059726           -67505 -67887 -68271 -68657 -69045 -69436 -69828 -70223 -73348 -94908 -95444 -95984 -96527 -52663
630 Sales Office Expense -24920.82989 -24921               -2040 -2046 -2053 -2060 -2066 -2073 -2080 -2087 -2094 -2100 -2107 -2114
Subtotal -3733962.969 -3733963           -236269 -237605 -240988 -242346 -243711 -245084 -246465 -247854 -258800 -334263 -336148 -338044 -339950 -186436
800 General & Admin. Expenses -1766210.543 -1766211           -112509 -113145 -113785 -114428 -115075 -115726 -116380 -117038 -122247 -158179 -159074 -159973 -160878 -87772
840 R.E.Taxes -26871.56498 -26872 -2183 -2183 -2190 -2198 -2205 -2136 -1991 -1844 -1697 -1548 -1399 -1248 -1097 -945 -774 -584 -394 -202 -53
Subtotal -1793082.108 -1793082 -2183 -2183 -2190 -2198 -2205 -114645 -115136 -115629 -116125 -116624 -117125 -117629 -118135 -123192 -158953 -159658 -160367 -161080 -87825
Monthly DEBT FREE CASH FLOW 6810366.53 6810367 -4878485 -378485 -637966 -899143 -1162023 474864 481250 485643 874893 882669 890497 839277 787724 812687 1356480 1517364 1859523 2203922 1299675
Cumulative DEBT FREE CASH FLOW     -4878485 -5256969 -5894936 -6794079 -7956102 -7481238 -6999988 -6514345 -5639452 -4756783 -3866286 -3027009 -2239286 -1426598 -70118 1447245 3306769 5510691 6810367
6108 Points: Acq. Loan -255000 -255000 -255000                                    
6190 Participation -131000 -131000           -9000 -9000 -9000 -9000 -9000 -9000 -9000 -9000 -9000 -11000 -11000 -11000 -11000 -6000
6191 Development Fees -262000 -262000           -18000 -18000 -18000 -18000 -18000 -18000 -18000 -18000 -18000 -22000 -22000 -22000 -22000 -12000
6201 Interest Finance A -853688.33 -853688 -25667 -53742 -59383 -67697 -78729 -83149 -79451 -75663 -69867 -62009 -53994 -46115 -38672 -31291 -21020 -7238      
Subtotal -1501688.33 -1501688 -280667 -53742 -59383 -67697 -78729 -110149 -106451 -102663 -96867 -89009 -80994 -73115 -65672 -58291 -54020 -40238 -33000 -33000 -18000
6301 Finance A     5159152 432226 697349 966840 1240752 -364716 -374799 -382980 -778026 -793660 -809502 -766163 -722051 -754396 -1302460 -1447566      
Monthly PRE-TAX CASH FLOW 5308678.1993 5308678   -1 -1   1 -1 -1     -1 1 -1       29560 1826523 2170922 1281675
Cumulative PRE-TAX CASH FLOW       -1 -1 -2 -1 -2 -3 -2 -2 -3 -2 -3 -3 -2 -3 29557 1856080 4027003 5308678