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BOOK 31 PA .3QI <br />A <br />E. Syst Expenditures n <br />System Income and <br />The following schedule of estimated income <br />and expenditures <br />is <br />based upon amortization of a $402,500 loan <br />at 5% interest <br />over a <br />40 -year period, with interest payment only <br />during <br />the first <br />two years. <br />Ten percent of the annual principal and interest <br />payment is <br />to be de- <br />posited in the Reserve Fund. The remaining surplus should <br />be placed <br />in the Renewal and Replacement Fund to be <br />used <br />for system <br />repairs <br />and improvements. <br />1. Income <br />1st Year <br />3rd Year <br />Water - 535 users <br />$ <br />60,854 <br />$ 60,854 <br />Sevier - 183 users <br />16,470 <br />16,470 <br />Total Income <br />$ <br />77,324 <br />$ 77,324 <br />2. Operation and Maintenance Expenses <br />Contract Operator <br />$ <br />18,000 <br />$ 20,000 <br />Insurance, bond <br />1,500 <br />1,500 <br />Bookkeeping setup <br />1,500 <br />0 <br />Fees <br />2,000 <br />2,000 <br />Utilities <br />5,000 <br />5,000 <br />Repairs <br />2,000 <br />2,000 <br />Water Purchase <br />Sewage treatment charges <br />14,100 <br />5,900 <br />14,100 <br />5,900 <br />Total 0&M <br />$ <br />50,000 <br />$ 50,500 <br />3. Debt Repayment <br />$ <br />20,125 <br />$ 23,860 <br />Total Debt <br />$ <br />20,125 <br />$ 23,860 <br />4. To Reserve Fund <br />$ <br />2,386 <br />$ 2,386 <br />Total Reserve <br />$. <br />2,386 <br />$ 2,386. <br />5. Total Expenditures <br />L72.511 <br />$ 76,746 <br />-31 <br />` <br />6. To Renewal and Replacement Fund <br />$ <br />42,813 <br />$ 578 <br />18 <br />BOOK 31 PA .3QI <br />A <br />