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JUN 41980
<br />BOOK 4J PG�UrG. .
<br />* Based on the following:
<br />Interest Expense BAN's @6% $ 583,749
<br />Investment Income @8.758 579,131
<br />Net Interest Income (Expense)
<br />INCOME - INVESTED BAN PROCEEDS
<br />August 1, 1980 Invest $5,825,840 @ 8.758
<br />Outstanding Principal
<br />$5,825,840
<br />Interest
<br />$5,825,840
<br />SOUTH INDIAN RIVER COUNTY
<br />$212,400
<br />$5,525,840
<br />FLORIDA
<br />120,877
<br />$5,194,840
<br />Water System Facilities
<br />37,879
<br />$4,863,840
<br />Capital Improvements Program
<br />35,465
<br />$4,532,840
<br />Bond Anticipation Notes
<br />33,051
<br />I
<br />$4,035,840
<br />COST COMPARISON
<br />29,427
<br />$3,538,840
<br />Conventional Interim Financing
<br />25,804
<br />$3,041,840
<br />vs
<br />22,180
<br />$2,379,840
<br />Bond Anticipation Notes
<br />17,352
<br />$1,855,840
<br />FmHA Loan Principal = $5,825,840
<br />13,532
<br />Conventional
<br />Construction Loan.Interest @ 88
<br />$247,286
<br />Net Interest
<br />Income (Expense) Bond Anticipa-
<br />( 4,618)
<br />tion Notes*
<br />0.083
<br />6,641
<br />Savings
<br />0.083
<br />$242,668
<br />* Based on the following:
<br />Interest Expense BAN's @6% $ 583,749
<br />Investment Income @8.758 579,131
<br />Net Interest Income (Expense)
<br />INCOME - INVESTED BAN PROCEEDS
<br />August 1, 1980 Invest $5,825,840 @ 8.758
<br />Outstanding Principal
<br />Months Factor
<br />Interest
<br />$5,825,840
<br />0.417
<br />$212,400
<br />$5,525,840
<br />0.250
<br />120,877
<br />$5,194,840
<br />0.083
<br />37,879
<br />$4,863,840
<br />0.083
<br />35,465
<br />$4,532,840
<br />0.083
<br />33,051
<br />I
<br />$4,035,840
<br />0.083
<br />29,427
<br />$3,538,840
<br />0.083
<br />25,804
<br />$3,041,840
<br />0.083
<br />22,180
<br />$2,379,840
<br />0.083
<br />17,352
<br />$1,855,840
<br />0.083
<br />13,532
<br />$1,540,840
<br />0.083
<br />11,235
<br />$1,225,840
<br />0.083
<br />8,938
<br />$ 910,840
<br />0.083
<br />6,641
<br />$ 595,840
<br />0.083
<br />4,344
<br />TOTAL $579,131
<br />- 6; n
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