| EXHIBIT 15-C | |||
| Financing Scenarios for Completing Phase I of ASR Project | |||
| Short-Term Pay-As-You-Go | |||
| Total Funds Required | $3,005,000 | ||
| 1 Year User Fee | 10.36% | [1] | |
| 2 Year User Fee | 5.18% | [2] | |
| 3 Year User Fee | 3.45% | [3] | |
| [1] This % User Fee increase effective 01/01/06 would not require temporary use of | |||
| reserves to fund FY 2006-07 costs | |||
| [2] This % User Fee increase effective 01/01/06 would require use of up to 60% of reserves | |||
| to fund FY 2006-07 costs until all supplemental user fee revenues are collected | |||
| [3] This % User Fee increase effective 01/01/06 would require use of up to 90% of reserves | |||
| to fund FY 2006-07 costs until all supplemental user fee revenues are collected | |||