City of Lawrence			############
	Bond and Interest Fund Projection
	Actual	Actual	Actual	Actual
Revenues	2003	2004	2005	2006	2007	2008	2009
Property Taxes	4,410,828	4,779,766	5,061,191	5,434,025	5,680,000	5,850,400	6,142,920	3% incr for 2008, 5% for 2009
Motor Vehicle Taxes	478,000	500,063	500,226	515,094	500,000	515,000	540,750	3% incr for 2008, 5% for 2009
In Lieu Taxes	14,600	21,459	19,580	20,784	12,500	15,000	15,000
Special Assessments	1,369,411	1,261,948	1,283,187	1,497,275	1,700,000	1,700,000	1,700,000	Increase in benefit financing
Reimbursements	1,250,377	444,520	37,500	179,744	-	-	-	Art Center payment in 2003
Interest	141,182	116,562	180,509	497,985	550,000	300,000	250,000	Lower rates and balances
Rents	61,417	84,787	206,011	126,042	100,000	100,000	100,000
Transfers	-	700,749	855,508	3,212	-	-	-
Total Revenue	7,725,815	7,909,854	8,143,712	8,274,161	8,542,500	8,480,400	8,748,670
Expenditures
Principal	4,961,017	5,067,600	6,596,111	6,639,044	7,570,000	7,750,000	7,900,000
Interest	2,246,284	2,074,786	2,069,983	2,119,620	2,535,000	2,600,000	2,800,000
Total Expenditures	7,207,301	7,142,386	8,666,094	8,758,664	10,105,000	10,350,000	10,700,000
Revenue over Expenditures	518,514	767,468	(522,382)	(484,503)	(1,562,500)	(1,869,600)	(1,951,330)
Beginning Balance	7,006,605	7,525,119	8,292,587	7,770,205	7,285,702	5,723,202	3,853,602
End Balance	7,525,119	8,292,587	7,770,205	7,285,702	5,723,202	3,853,602	1,902,272
Assumptions
No levy incr, 3% incr in AV for 2008, 5% for 2009