6.0. PRSR 06-09-1999 - Laserfiche WebLink

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JUN-04-99 11 : 19 AM KEMPER DRUG 4419004 P. 04 S Note A- Nature and Limitations of Projections The accompanying projection assumes that Elk River Bike Park and BMX (Organization) is able to raise $20,000 in cash, $15,000 in in-kind donations and that a lease can be negotiated with the City of Elk River at the cost reflected in the projection.The projection was based on actual historical costs associated with the operations of BMX tracks thought to be similar to the track the Organization intends to construct and operate. The projection reflects the board members best judgements and interpretations of the data they have collected as of June 2, 1999. The projection assumes a membership of 150 BMX riders and membership in the American Bicycle Association (ABA). It also assumes the Organization can achieve IRC 501 (c)(3) status. Even if projected levels of funds and membership is achieved, there will usually be differences between projected and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material, • •