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Intrafund Loan
<br /> Parks SDC Fund to Transporation SDC Fund
<br /> Original loan schedule
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<br /> Transporation SDC Fund 333 FY03 FY04 FY05 FY06 FY07 Total
<br /> Departmental
<br /> 9332-61893-975044 City Share of Improvement Project 1,600,000 1,600,000
<br /> 0000-11210-000000 Cash in Bank -Operating (1,600,000) (1,600,000)
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<br /> ~ Non-Departmental
<br /> 0000-11210-000000 Cash in Bank -Operating 1,600,000 1,600,000
<br /> 9901-49304-000000 Intrafund Loan Principal (1,600,000) (1,600,000)
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<br /> _9901-49304-000000 Intrafund Loan Principal 400,000 400,000 400,000 400,000 1,600,000
<br /> 9901-49305-000000 Interfund Interest 56,000 48,000 36,000 20,000 160,000
<br /> 0000-11210-000000 Cash in Bank -Operating (456,000) (448,000) (436,000) (420,000) (1,760,000)
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<br /> Parks SDC Fund 336
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<br /> Non-Departmental
<br /> 9901-49304-000000 Intrafund Loan Principal (400,000) (400,000) (400,000) (400,000) (1,600,000)
<br /> 9901-49305-000000 Interfund Interest (56,000) (48,000) (36,000) (20,000) (160,000)
<br /> 0000-11210-000000 Cash in Bank -Operating 456,000 448,000 436,000 420,000 1,760,000
<br /> ' 9901-49304-000000 Intrafund loan Principal 1,600,000 1,600,000
<br /> 0000-11210-000000 Cash in Bank -Operating (1,600,000) (1,600,000)
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<br /> Assumptions: Four year ban dated June 30,2003
<br /> Repayments made each June 30th thereafter.
<br /> j Debt servke is $400,000 per year plus interest at the average rate earned by the in"vestment portfolio.
<br /> Initial interest rate is estimated to be 3.5%, but will be adjusted to actual when determined.
<br /> The portfolio interest rate is estimated to increase .5% per annum thereafter.
<br /> Prinrapal and interest repayment is to be made from future revenues received in the Transporation SDC Fund.
<br /> Estimated Interest rate 6/30/2004 3.50°k
<br /> Estimated Interest rate 6/30/2005 4.00%
<br /> Estimated Interest rate 6/30/2006 4.50%
<br /> Estimated Interest rate 6/30/2007 5.00°h
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