Proforma Income Statement

Pine Lake HomeSites

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  Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02 Jul 02 Aug 02 Sep 02 Oct 02 Nov 02 Dec 02 Jan 03 Feb 03 Mar 03 Apr 03 May 03 Jun 03 Jul 03 Aug 03 Sep 03 Oct 03 Nov 03 Dec 03 Jan 04 Feb 04 Mar 04 Apr 04 May 04 Jun 04 Jul 04 Aug 04 Sep 04 Oct 04 Nov 04 Dec 04
Gross Income                                                                        
  Executive Lots - Interior 0 0 0 0 0 0 220,000 0 0 0 0 0 231,000 0 0 231,000 0 0 252,000 0 0 231,000 0 0 330,000 0 0 132,000 0 0 0 0 0 0 0 0
  Executive Lots - Golf/Lake 0 0 0 0 0 0 96,000 0 0 0 0 0 99,000 0 0 99,000 0 0 102,000 0 0 175,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Prestige Lots - Interior 0 0 0 0 0 0 36,000 0 0 432,000 0 0 37,000 0 0 37,000 0 0 418,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Gross Income $0 $0 $0 $0 $0 $0 $352,000 $0 $0 $432,000 $0 $0 $367,000 $0 $0 $367,000 $0 $0 $772,000 $0 $0 $406,000 $0 $0 $330,000 $0 $0 $132,000 $0 $0 $0 $0 $0 $0 $0 $0
  Less: Vacancy & Unit Sale Cost 0 0 0 0 0 0 21,120 0 0 25,920 0 0 22,020 0 0 22,020 0 0 46,320 0 0 24,360 0 0 19,800 0 0 7,920 0 0 0 0 0 0 0 0
Effective Income $0 $0 $0 $0 $0 $0 $330,880 $0 $0 $406,080 $0 $0 $344,980 $0 $0 $344,980 $0 $0 $725,680 $0 $0 $381,640 $0 $0 $310,200 $0 $0 $124,080 $0 $0 $0 $0 $0 $0 $0 $0
  Less: Operating Expenses                                                                        
  Land 0 1,050,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Clearing & Grading 0 29,715 29,715 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Paving 0 0 0 0 0 0 57,275 57,275 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Curb & Gutter 0 0 0 0 0 0 32,116 32,116 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Sanitary Sewer 0 0 0 52,937 52,937 52,937 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Storm Sewer 0 0 0 20,426 20,426 20,426 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Water 0 0 0 0 63,602 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Entrance 0 0 0 0 0 0 0 18,000 18,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Power & Street Lighting 0 0 0 9,300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Amenity 0 0 0 0 0 0 0 54,000 54,000 54,000 54,000 54,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Contingency 0 35,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Design 0 12,500 12,500 12,500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Layout 0 0 0 0 8,333 8,333 8,333 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Taxes & Insurance 0 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Legal & Closing 0 13,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Appraisal 0 5,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Marketing & Advertising 0 0 0 0 0 0 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 4,083 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  County Fees 0 2,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
  Development Fees 0 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Operating Expenses $0 $1,153,215 $48,215 $101,162 $151,298 $87,696 $107,807 $171,474 $82,083 $64,083 $64,083 $64,083 $10,083 $4,083 $4,083 $4,083 $4,083 $4,083 $4,083 $4,083 $4,083 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Operating Income $0 ($1,153,215) ($48,215) ($101,162) ($151,298) ($87,696) $223,073 ($171,474) ($82,083) $341,997 ($64,083) ($64,083) $334,897 ($4,083) ($4,083) $340,897 ($4,083) ($4,083) $721,597 ($4,083) ($4,083) $381,640 $0 $0 $310,200 $0 $0 $124,080 $0 $0 $0 $0 $0 $0 $0 $0
Add: Debt Draw & Repay 0 1,153,215 48,215 101,162 151,298 87,696 107,807 (109,774) 82,083 64,083 (281,085) 64,083 10,083 (289,150) 4,083 4,083 (289,150) 4,083 4,083 (612,745) 4,083 0 (324,394) 0 0 (216,369) 0 0 0 0 0 0 0 0 0 0
Cash Flow Before Tax $0 $0 $0 $0 $0 $0 $330,880 ($281,248) $0 $406,080 ($345,168) $0 $344,980 ($293,233) $0 $344,980 ($293,233) $0 $725,680 ($616,828) $0 $381,640 ($324,394) $0 $310,200 ($216,369) $0 $124,080 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Income and Taxes                                                                        
  (Losses Taken Currently)                                                                        
Taxable Revenues $0 $0 $0 $0 $0 $0 $330,880 $0 $0 $406,080 $0 $0 $344,980 $0 $0 $344,980 $0 $0 $725,680 $0 $0 $381,640 $0 $0 $310,200 $0 $0 $124,080 $0 $0 $0 $0 $0 $0 $0 $0
  Less: Deducted Expenses 0 0 0 0 0 0 249,191 0 0 305,826 0 0 249,191 0 0 249,191 0 0 518,205 0 0 269,013 0 0 212,379 0 0 84,952 0 0 0 0 0 0 0 0
  Less: Interest Expense 0 0 0 0 0 0 0 70,513 0 0 42,497 0 0 39,416 0 0 33,936 0 0 27,709 0 0 13,132 0 0 5,320 0 0 0 0 0 0 0 0 0 0
Ordinary Income $0 $0 $0 $0 $0 $0 $81,689 ($70,513) $0 $100,254 ($42,497) $0 $95,789 ($39,416) $0 $95,789 ($33,936) $0 $207,475 ($27,709) $0 $112,627 ($13,132) $0 $97,821 ($5,320) $0 $39,128 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Income 0 0 0 0 0 0 81,689 (70,513) 0 100,254 (42,497) 0 95,789 (39,416) 0 95,789 (33,936) 0 207,475 (27,709) 0 112,627 (13,132) 0 97,821 (5,320) 0 39,128 0 0 0 0 0 0 0 0
Taxes Due (- = Savings) 0 0 0 0 0 0 32,349 (27,923) 0 39,701 (16,829) 0 37,932 (15,609) 0 37,932 (13,439) 0 82,160 (10,973) 0 44,600 (5,200) 0 38,737 (2,107) 0 15,495 0 0 0 0 0 0 0 0
Cash Flow After Tax $0 $0 $0 $0 $0 $0 $298,531 ($253,325) $0 $366,379 ($328,339) $0 $307,048 ($277,624) $0 $307,048 ($279,794) $0 $643,520 ($605,855) $0 $337,040 ($319,194) $0 $271,463 ($214,262) $0 $108,585 $0 $0 $0 $0 $0 $0 $0 $0


The data and calculations presented herein, while not guaranteed,
have been obtained from sources we believe to be reliable.
Produced by planEASe from Analytic Associates (800) 959-3273

     


Operating Expenses Detail

Pine Lake HomeSites



The data and calculations presented herein, while not guaranteed,
have been obtained from sources we believe to be reliable.
Produced by planEASe from Analytic Associates (800) 959-3273

     


Add: Debt Draw & Repay

Pine Lake HomeSites



The data and calculations presented herein, while not guaranteed,
have been obtained from sources we believe to be reliable.
Produced by planEASe from Analytic Associates (800) 959-3273

     


Gross Income Detail

Pine Lake HomeSites



The data and calculations presented herein, while not guaranteed,
have been obtained from sources we believe to be reliable.
Produced by planEASe from Analytic Associates (800) 959-3273

     

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