Jan 12	Feb 12	Mar 12	Apr 12	May 12	Jun 12	Jul 12	Aug 12	Sep 12	Oct 12	Nov 12	Dec 12	Ttl 12
Gross Incomehide
Executive Lots - Interior ( units)	$0	$0	$0	$0	$0	$0	$105,000	$105,000	$105,000	$105,000	$105,000	$105,000	$630,000
Executive Lots - Golf/Lake ( units)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$33,000	$33,000	$33,000	$99,000
Prestige Lots - Interior ( units)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$37,000	$74,000	$37,000	$148,000
Total Gross Income	$0	$0	$0	$0	$0	$0	$105,000	$105,000	$105,000	$175,000	$212,000	$175,000	$877,000
Less: Vacancy & Unit Sale Cost	$0	$0	$0	$0	$0	$0	$6,300	$6,300	$6,300	$10,500	$12,720	$10,500	$52,620
Effective Income	$0	$0	$0	$0	$0	$0	$98,700	$98,700	$98,700	$164,500	$199,280	$164,500	$824,380
Less: Expenseshide
Land	$0	$1,050,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,050,000
Clearing & Grading	$0	$29,715	$29,715	$0	$0	$0	$0	$0	$0	$0	$0	$0	$59,429
Paving	$0	$0	$0	$0	$0	$0	$59,831	$59,831	$0	$0	$0	$0	$119,663
Curb & Gutter	$0	$0	$0	$0	$0	$0	$33,550	$33,550	$0	$0	$0	$0	$67,100
Sanitary Sewer	$0	$0	$0	$53,518	$53,518	$53,518	$0	$0	$0	$0	$0	$0	$160,554
Storm Sewer	$0	$0	$0	$20,650	$20,650	$20,650	$0	$0	$0	$0	$0	$0	$61,950
Water	$0	$0	$0	$0	$65,006	$0	$0	$0	$0	$0	$0	$0	$65,006
Entrance	$0	$0	$0	$0	$0	$0	$0	$19,010	$19,010	$0	$0	$0	$38,020
Power & Street Lighting	$0	$0	$0	$9,402	$0	$0	$0	$0	$0	$0	$0	$0	$9,402
Amenity	$0	$0	$0	$0	$0	$0	$0	$57,030	$57,030	$57,030	$57,030	$57,030	$285,150
Contingency	$0	$35,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$35,000
Design	$0	$12,500	$12,500	$12,500	$0	$0	$0	$0	$0	$0	$0	$0	$37,500
Layout	$0	$0	$0	$0	$8,517	$8,517	$8,517	$0	$0	$0	$0	$0	$25,552
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	$11,000
Legal & Closing	$0	$13,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,000
Appraisal	$0	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000
Marketing & Advertising	$0	$0	$0	$0	$0	$0	$4,266	$4,266	$4,266	$4,266	$4,266	$4,266	$25,594
County Fees	$0	$2,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,000
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	$55,000
Total Operating Expenses	$0	$1,153,215	$48,215	$102,070	$153,691	$88,685	$112,164	$179,687	$86,306	$67,296	$67,296	$67,296	$2,125,919
Net Operating Income	$0	($1,153,215)	($48,215)	($102,070)	($153,691)	($88,685)	($13,464)	($80,987)	$12,394	$97,204	$131,984	$97,204	($1,301,539)
Cash Flow Before Tax	$0	($525,000)	$0	$0	$0	$0	$98,700	$14,805	$14,805	$80,605	$59,455	($4,888)	($261,518)
Taxable Income and Taxes
(Losses Taken Currently)
Taxable Revenues	$0	$0	$0	$0	$0	$0	$98,700	$98,700	$98,700	$164,500	$199,280	$164,500	$824,380
Less: Deducted Expenses	$0	$0	$0	$0	$0	$0	$90,430	$90,430	$90,430	$126,601	$144,687	$126,601	$669,179
Less: Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$16,599	$59,239	$10,150	$85,988
Ordinary Income	$0	$0	$0	$0	$0	$0	$8,270	$8,270	$8,270	$21,299	($4,647)	$27,749	$69,213
Taxable Income	$0	$0	$0	$0	$0	$0	$8,270	$8,270	$8,270	$21,299	($4,647)	$27,749	$69,213
Taxes Due (- = Savings)	$0	$0	$0	$0	$0	$0	$3,275	$3,275	$3,275	$8,435	($1,840)	$10,989	$27,408
Cash Flow After Tax	$0	($525,000)	$0	$0	$0	$0	$95,425	$11,530	$11,530	$72,170	$61,295	($15,877)	($288,926)