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2018-2019 <br />PEDC BUDGET WORKSHEET <br />TOTAL DEBT, CAPITAL & INCENTIVES <br />DEBT SERVICE <br />784,576.00 <br />$ <br />3,256,951.00 <br />315% <br />$ 354,926.00 <br />$ - <br />-100% <br />Bond completed 2017-2018 <br />Last year towards the bond payment for Paris Packaging. <br />750.00 <br />- <br />-100% <br />Bond completed 2017-2018 <br />Bond fees. <br />ASWP Local Banks Loan <br />$ - <br />$ 218,301.00 <br />9DIV/0! <br />Yearly pay back on the Local Banks Loan <br />Total Loan Amount = $1,000,000.00. Terms: 5 -year loan at 3.5% interest. Payment is <br />$218,301.00 per year. <br />3,708,251.00 <br />TOTAL DEBT SERVICE <br />$ 355,676.00 <br />$ 218,301.00 <br />-39% <br />CAPITAL EXPENSES <br />0057 <br />2305 NW Loop 286 <br />$ - <br />$ - <br />9DIV/0! <br />New Project <br />I $ - <br />$ - <br />9DIV/0! <br />TOTAL CAPITAL EXPENSES <br />1 $ - <br />$ - <br />4DIV/0! <br />TOTAL DEBT, CAPITAL & INCENTIVES <br />$ <br />784,576.00 <br />$ <br />3,256,951.00 <br />315% <br />TOTAL BUDGET EXPENSES <br />$ <br />1,201,676.00 <br />$ <br />3,708,251.00 <br />209% <br />LOCAL BANK LOAN (See Footnote #2) 1 1,000,000.00 <br />ESTIMATED TAX INCOME 1,416,000.00 1 1,440,000.00 12% <br />Notes on Estimated Sales Tax <br />Estimated Tax Income $1,420,000 divided by 12 FY 2018 $ 118,333.33 <br />2017-2018 Sales Tax of $727,177 divided by 6 months <br />giving estimate FY 2018-2019 $ 121,196.17 <br />FY 2017-2018 Estimated at $120,000 average monthly $ 1,440,000.00 <br />FOOTNOTES: <br />41 - May not be achieved by ASWP or paid in the 2018-2019 fiscal year. Shown are the obligation for incentives. <br />42 - If ASWP chooses Paris, shown as loan income in reference to the $1,000,000.00 from bankers as incentive. <br />PAGE 3 August 7, 2018 PEDC Board Approved the 2018-2019 Budget <br />