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APR 17 1985 <br />BOOK 60 PnUE 607 <br />SHORTFALL ON 5.8 MILLION ISSUE <br />Expenses R/O Plant, Land, Storage <br />Tank and Distribution System $7,007,382.25 <br />*Revenues Received 6,622,800.00 <br />Short Fall $ 384,582.25 <br />*Revenues: <br />Bonds $5,825,900.00 <br />Grant 796,900.00 <br />Total $6,622,800.00 <br />WATER <br />ROUTE 60 WATER LINE <br />Total Project Costs: <br />Caldwell Tank Contract #1 $ 734,884.00 <br />Boyce Company Contract #2 748,295.50 <br />Boyce Company Contract #3 1,046,815.30 <br />Bond Discount 5,156.25 <br />Interest Expense Payable <br />(8.25% X 2,050,000 X 8/12) 112,750.00 <br />Total $2,647,901.05 <br />Project Expenses to Date: <br />Caldwell Tank Contract #1 $ 473,070.70 <br />Boyce Company Contract #2 748,295.50 <br />Boyce Company Contract #3 1,046,815.30 <br />Bond Discount 5,156.25 <br />Interest Expense 112,750.00 <br />Total $2,386,087.75 <br />Expenses to Be Withheld at Closing From -2.75 Million Bond <br />Issue <br />Caldwell Tank Contract <br />Expenses for worked completed <br />Amount Owed Contractor <br />After May 1, 1985 <br />$734,884.00 <br />473,070.70 <br />$261,813.30 <br />