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INCOME TO DISTRICT: <br /> <br />1. Original Bond Issue <br /> <br /> (Discount included above under expenses) <br /> 2. Water main payment by City <br /> 3. Sanitary payment by Taubman <br /> 4. Interest accrued <br /> <br />TOTAL INCOME <br /> <br />APPARENT DEFICIT <br /> <br />$ 1,836,133.24 <br /> <br /> 134,380.00 <br /> 11,925.84 <br /> 136,462.29 <br /> <br />$ 2,118,901.37 <br /> <br /> ($5,734.86) <br /> <br />The electroliers, item A5.1 above, in the amount of $36,400 were <br />installed under the contract for Assessment District No. 1974-5. <br />Since there was insufficient funds in District 1974-3 to reimburse <br />DiStrict 1974-5, the payment to District 1974-5 was reduced to <br />$30,665.14. The method of spreading the electrolier costs was the <br />same as the streetwork in District 1974-5 and therefore all parties <br />are not affected overall by this reduced payment. <br /> <br />The total project cost is therefore reduced to $2,118,901.37' and there <br />are no surplus funds. <br /> <br />DATED: <br /> <br />MACKAY & SOMPS, CiVil <br />Engineers, Engineer of Work <br /> <br />-2- <br /> <br /> <br />