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<br />FINANCIAL ANALYSIS <br /> <br />. <br /> <br />Work on the financial analysis of the Northstar Commuter Rail system is currently being <br />completed. A financing plan will be developed which makes use of existing funding <br />sources (including local, state, and federal funding for both capital and operating <br />assistance) and new and additional sources of funding that could be developed in the <br />future. <br /> <br />Capital and operating cash flow estimates will be developed for the commuter rail <br />system. The annual cash flow analysis will cover the period between groundbreaking and <br />the Year 2020. Operating cash flows and capital cash flows will be treated separately. <br /> <br />Results will be forthcoming in January 1999. <br /> <br />. <br /> <br />. <br /> <br />Draft Commuter Rail Technical Feasibility Study <br />December 1998 <br /> <br />9-1 <br />Financial Analysis <br />