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CRA CARE CENTERS. INC. <br />SUMMARY OF SIGNIFICANT FORECAST ASSUMPTIONS <br />AND ACCOUNTING POLICIES <br />FOR THE YEARS ENDING MARCH 31, 2001 2005 <br />NOTE 1 - NATURE AND LIMITATIONS OF FORECAST <br />The accompanying forecast assumes CRA, Care Centers, Inc. (the Facility) occupancy levels are attained, <br />and CDSG financing is obtained. This financial forecast presents, to the best of managements knowledge <br />and belief, the Facility's expected financial, position, results of operations, and cash flows For the years <br />ending March 31, 2001 - 2005 if it attains occupancy levels, and financing is obtained. Accordingly, the <br />forecast reflects its judgement as of April 12. 1999, the date of this Forecast, of the expected conditions, and <br />its expected course of action given those two hypothetical assumptions. <br />This presentation is designed to assist the Board of Directors and CDSG in negotiating financing <br />arrangements and should not be considered to be a presentation of expected future results. Accordingly, <br />this forecast may not be useful for other purposes. The assumptions disclosed herein are those that <br />management believes are significant to the forecast. Even if occupancy levels are attained, and financing <br />obtained, there will usually be differences between forecasted and actual results, because events and <br />circumstances frequently do not occur as expected, and those differences may be malenal. <br />NOTE 2 - NATURE OF OPERATIONS <br />The Facility is a Corporation Formed for the purpose of providing assisted living services to the elderly. The <br />Facility will operate a 70 bed assisted living facility. <br />NOTE 3 - CAPITALIZATION <br />The purchase of the facility, capital, improvements, and financing will be funded through a private lender <br />with a 3090,000 CDSG loan from the local government. <br />NOTE4-ASSETS <br />Cash <br />Cash will be provided from operations of the Facility. <br />Accounts Receivable <br />Accounts Receivable are based on the estimated collection period for private revenues <br />Lnventories <br />Inventories are based on the inventory balances for the existing facility. Inventories include raw rood„ dietary <br />supplies and housekeeping supplies <br />