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Elk River Business Incubator
<br /> Finance Summary & Projections
<br /> 1-Aug-02
<br /> A B C D E F G
<br /> Year End Loan Fund SF
<br /> Loan Teseonl Assets Less Rent
<br /> Incubator incubator Dollars Loan Fund Incubator Rate
<br /> Expenses Revenues Transfered Assets Expenses
<br /> 1997 $ 89,502 1.50/sf Actual 13186sf
<br /> 1998 $ 28,633 1.50/sf Actual 13186sf
<br /> 1999 $ 34,325 $ 10,124 $ 28,633 $ 67,370 n/a* 1.65/sf Actual 13186sf
<br /> 2000 $ 33,606 $ 13,567 $ - $ 79,794 $ 79,794 1.65/sf Actual 13186sf
<br /> 2001 $ 26,616 $ 4,998 $ 21,618 $ 115,927 $ 94,309 1.85/sf Actual 7522sf
<br /> 2002 $ 25,200 $ 7,000 $ 18,200 $ 126,550 $ 108,350 1.85/sf Budget 7522sf
<br /> 2003 $ 34,900 $ 12,000 $ 22,900 $ 140,591 $ 117,691 2.71/sf Estimate 7522sf
<br /> 2004 $ 35,000 $ 12,000 $ 23,000 $ 131,125 $ 108,125 3.00/sf Estimate 7522sf
<br /> 2005 $ 36,000 $ 12,000 $ 24,000 $ 108,125 $ 84,125 3.00/sf Estimate 7522sf
<br /> 2006 $ 37,000 $ 12,000 $ 25,000 $ 84,125 $ 59,125 3.00/sf Estimate 7522sf
<br /> 2007 $ 38,000 $ 12,000 $ 26,000 $ 59,125 $ 33,125 3.00/sf Estimate 7522sf
<br /> 2008 $ 39,000 $ 12,000 $ 27,000 $ 33,125 $ 6,125 3.00/sf Estimate 7522sf
<br /> 2009 $ 40,000 $ 12,000 $ 28,000 $ 6,125 $ (21,875) 3.00/sf Estimate 7522sf
<br /> 2010 $ 41,000 $ 12,000 $ 29,000 $ (21,875) $ (50,875) 3.00/sf Estimate 7522sf
<br /> • *Transfer for incubator expenses from loan fund already accounted for in column F
<br /> -Tescom loan payments included in column E until April of 2004 when loan is paid off.
<br /> -Column B represents improvements,rent,&consulting services.
<br /> File: s/ EDA/busnsinc/03incubsum.xls
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