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• <br />0 <br />During the initial 17 month period of operation, no replacement fund will be paidlreserved. This <br />full operating budget includes a cash reserve for building and fixed equipment replacement on a <br />25 year schedule, and furniture and equipment over 7 years, These reserve fund payments will <br />begin in month 18, the second month of full (90%) occupancy, at a rate to achieve full payment by <br />the end of the appropriate period. <br />The management services to be provided by CRA Care Centers, Inc. (personnel, payroll, accounts <br />receivable./payabie, corporate filings, general oversight, etc.) will be provided but not billed during <br />the initial 17 months of operation in order to reduce cash operating losses. Billing will begin at <br />month 18. <br />