Cash Flow Analysis for FY 2004-05 & FY 2005-06 ACE Applicant Pools

 

ACE Budget for FY 2004-05 Applicant Pool

 

Net 2004-05 ACE appropriation                                               $ 1,000,000.00 

Net carryover from all 2003-04 ACE funds                                     882,867.20  

Net funds available for acquiring easements                       $ 1,882,867.20

 

Cost of Acquiring Top 6 ACE Easements from FY 2004-05

Easement purchase price before income adjustment                   $ 2,354,000.00          

Easement purchase price after income adjustment                      $ 1,866,620.00

 

Funds available for acquiring 2004-05 easements                       $ 1,882,867.20

   Minus purchase price of top 6 ACE easements                           1,866,620.00

   Minus closing costs, appraisal fees for top 6 easements                    24,177.21

Net balance after acquiring 2004-05 easements                  ($       7,930.01)

 

ACE Budget for FY 2005-06 Applicant Pool

 

Net 2005-06 ACE appropriation                                               $ 1,000,000.00 

Net carryover from 2004-05 all ACE Funds                            (           7,930.01)

Net funds available for acquiring easements                        $    992,070.99

 

Cost of Acquiring Top 5 ACE Easements from FY 2005-06

Easement purchase price before income adjustment                   $ 1,328,500.00          

Easement purchase price after income adjustment                      $    948,310.00

 

Funds available for acquiring 2005-06 easements                       $    992,070.99

   Minus purchase price of top 5 ACE easements                              948,310.00

   Minus closing costs, appraisal fees for top 5 easements                    15,296.00

Net balance after acquiring 2005-06 easements                   $      28,464.99

 

Note:  The main purpose of information provided above is to show the approximate net costs for easement

acquisition for two specific applicant pools (FY 2004-05 and FY 2005-06).  The above cash flow estimates

reflect the major costs for acquiring easements including easement purchase price, closing costs, recording

fees and appraisal costs for a given fiscal year applicant class, it does not reflect the current status of the budget. 

The current status of the budget is provided below.   

 

Current Status of ACE Budget and Obligations (as of 12/06) 

Total approp. FY06-07 (incl. Tourism Funds)                                             $  4,252,032.00

Total obligated costs for Round 5* (FY 04-05)                                           $  1,854,937.00 

Total obligated costs for Round 6* (FY04-05)                                            $     948,310.00

Other costs for rounds 5 and 6,estimated    (closing costs, title ins. etc.)       $       11,000.00 

 

Net funding available after FY04-05 & FY05-06 obligations                       $ 1,437,785.00 

 

Funds available for FY06-07 easements purchases, other costs                   $ 1,437,785.00  

(program marketing, appraisals, title ins., closing/fees, etc.) 

 

*obligated cost for the purchase of easements, 6 applicants in FY04-05 and 5 applicants in FY05-06

 

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