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City of Elk River, MN <br /> <br />Proposed Crossover Refunding of <br />$3,590,000 G.O. Water Revenue Bonds, Series 2001A & <br />Current Refunding of $820,000 G.O. Water Revenue Bonds, Series 1998B <br />Current Refunding Escrow <br />Date Principal Rate Interest Receipts Disbursements Cash Balance <br />02/01/2008 - - - 395,770.12 395,000.00 770.12 <br />08/01/2008 - - 48,050.97 48,050.97 48,820.50 0.59 <br />02/0]/2009 1,539.00 - 48,050.97 49,589.97 48,820.50 770.06 <br />08/01/2009 - - 48,050.97 48,050.97 48,820.50 0.53 <br />02/01/2010 2,575,769.00 3.731% 48,050.97 2,623,819.97 2,623,820.50 - <br />__ <br />Total $2,577,308.00 - $192,203.88 $3,165,282.00 $3,165,282.00 - <br />Investment Parameters <br />Investment Model [PV, GIC, or Securities] Securities <br />_.. <br />Default investment yield target Unrestricted <br />Cash Deposit 395,770.12 <br />Cost of Investments Purchased with Bond Proceeds 2,577,308 00 <br />Total Cost of Investments <br /> <br />__ <br />_._ $2,973,078.12_ <br />Target Cost of Investments at bond yield <br />_..... $2,973,033 75 <br />Actual positive or (negative) arbitrage (44.37), <br />Yield to Receipt <br />_ - 3.7298651% <br />_...._ <br />Y1eld for Arbitrage Purposes 3.7302036% <br />State and Local Government Series (BEGS) rates for 10/30/2007 <br /> <br />08 xover of Ser 01A & cur ~ Issue Summary ~ 11/ 1/2007 ~ 11:51 AM <br />~ / ~ ~ ~ <br /> <br />