SCHEDULE OF ESTIMATED DEBT PAYMENTS
Principal Principal
Balance Principal Interest New Balance
Issue 1/1/2004 Payments Payments Issues 12/31/2004
General Fund:
  2000 Drainage  $          309,333  $        11,556  $      16,148  $                  -  $          297,777
  2000 Traffic Signals              363,922            13,595          18,997                      -              350,327
  2001 Traffic Signals              190,395              6,781            8,947                      -              183,614
  2001 Drainage              181,106              6,450            8,510                      -              174,656
  2001 Recreation Lighting                88,232              3,143            4,146                      -                85,089
  2003 Pump Stations (Estimated)              240,500              9,415            6,013                      -              231,085
  2003 Traffic Signals (Estimated)              180,000              8,660            8,100                      -              171,340
  2004 Drainage                         -                     -                    -           200,000              200,000
Total General Fund           1,553,488            59,600          70,861           200,000           1,693,888
Golf Club Fund:
  1990 Improvements              350,000          175,000          17,588                      -              175,000
  1998 Improvements Series A           3,125,000          150,000        135,363                      -           2,975,000
  1998 Improvements Series B           1,525,000            65,000          95,166                      -           1,460,000
Total Golf Club Fund           5,000,000          390,000        248,117                      -           4,610,000
Building & Vehicle Fund:
  1990 Garage              375,000            75,000          22,863                      -              300,000
  2000 Milton Firehouse           2,157,144            80,583        112,600                      -           2,076,561
  2000 Salt Storage Dome                94,620              3,535            4,940                      -                91,085
  2000 Vacuum Truck              145,569              5,437            7,598                      -              140,132
  2000 Fire Ladder Truck              409,412            15,294          21,371                      -              394,118
  2001 City Hall              139,313              4,962            6,547                      -              134,351
  2001 Police Building                65,013              2,315            3,055                      -                62,698
  2001 Locust Firehouse           1,114,503            39,695          52,369                      -           1,074,808
  2001 Recreation Center                46,438              1,654            2,183                      -                44,784
  2002 City Hall Office Refurbishment                15,843                 674               597                      -                15,169
  2002 City Hall HVAC              268,856            11,430          10,127                      -              257,426
  2002 Police Headquarters              324,548            13,796          12,223                      -              310,752
  2002 Police Pistol Range              216,045              9,185            8,137                      -              206,860
  2002 Milton Firehouse Improvements                86,418              3,674            3,255                      -                82,744
  2002 Parks and Playgrounds                38,408              1,633            1,447                      -                36,775
  2002 Damiano Center           2,784,581          118,378        104,878                      -           2,666,203
  2002 Recreaton Fields           1,440,301            61,230          54,247                      -           1,379,071
  2003 Police Building (Estimated)              101,000              3,220            4,545                      -                97,780
  2003 Land Acquisition           3,100,000          121,357          77,500                      -           2,978,643
  2004 Police Impound Facility                         -                     -                    -           103,000              103,000
  2004 DPW Street Sweeper                         -                     -                    -           150,000              150,000
  2004 DPW Recycling Truck                         -                     -                    -             78,000                78,000
Authorized but unissued as of November 1, 2003:
  Locust Firehouse Improvements           2,029,000                     -                    -                      -           2,029,000
Total Building & Vehicle Fund         14,952,012          573,052        510,482           331,000         14,709,960
Total - All Funds  $     21,505,500  $   1,022,652  $    829,460  $       531,000  $     21,013,848