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Section 2
<br />
<br />
<br />
<br />Fiscal Year 2020 2021 2022 2023 2024
<br />Beginning Balance $7,692,385 $6,841,641 $6,600,848 $5,729,952 $4,995,410
<br />Plus Change in Net
<br /> (268,783) (490,525) (672,295) (748,374) (851,101)
<br />Position
<br />Plus Depreciation 1,215,839 1,266,732 1,332,899 1,373,832 1,417,399
<br />Plus New Debt
<br /> - 1,250,000 - - -
<br />Proceeds
<br />Less Capital
<br /> (1,526,800) (1,985,000) (1,228,000) (1,307,000) (1,662,000)
<br />Improvements
<br />Less Debt Principal (271,000) (282,000) (303,500) (53,000) (29,000)
<br />Ending Balance $6,841,641 $6,600,848 $5,729,952 $4,995,410 $3,870,708
<br />Reserve Goal $1,228,605 $1,336,744 $1,091,551 $1,095,971 $1,126,451
<br />Reserves as % of
<br />557% 494% 525% 456% 344%
<br />ERMU Goal
<br />
<br />
<br />- 6 -
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