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

Earnings Projection

Monthly Total Project

  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
DEPRECIATION                                          
COST OF SALES -853688.33 -853688           -54381 -54688 -54997 -55308 -55621 -55935 -56252 -56570 -59088 -76455 -76887 -77322 -77759 -42424
Monthly Earnings 34470522.522 34470523           2195799 2208215 2220700 2233257 2245884 2258582 2271353 2284195 2385862 3087132 3104587 3122141 3139794 1713023
132.9 Land Cost -4500000 -4500000 -4500000                                    
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                      
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
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
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
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
6301 Finance A     5159152 432226 697349 966840 1240752 -364716 -374799 -382980 -778026 -793660 -809502 -766163 -722051 -754396 -1302460 -1447566      
Subtotal -29161844.32 -29161844 25667 53741 59383 67697 78729 -2167032 -2183452 -2200035 -2218697 -2239496 -2260523 -2281490 -2302092 -2413659 -3142567 -3144677 -1372939 -1046631 -473772