Attainable Cash Flow Proforma  for a 5 Mile Platte Valley Circulator
Franchise funded Privately $88,400,000
			How calculated	Construct	year 1	year 2	year 3	year 4	year 5	year 6	year 7	year 8	year 9	year 10	year 11	year 12	year 13	year 14	year 15	year 16	year 17	year 18	year 19	year 20	year 21	year 22	year 23	year 24	year 25	Totals	Category
Revenues: ($ for ave dailey pass)					$1.00	$1.035	$1.07	$1.11	$1.15	$1.19	$1.23	$1.27	$1.32	$1.36	$1.41	$1.46	$1.51	$1.56	$1.62	$1.68	$1.73	$1.79	$1.86	$1.92	$1.99	$2.06	$2.13	$2.21	$2.28		Revenues: ($ for ave dailey pass)
CBD Subscriptions Riders		12,000 x $1 x 300 days			3,600	3,744	3,931	4,128	4,334	4,551	4,778	5,017	5,268	5,532	5,808	6,099	6,404	6,724	7,060	7,413	7,784	8,173	8,581	9,010	9,461	9,934	10,431	10,952	11,500		Day Workers that drive
$1 share of parking revenues		12,000 x $1 x 300days			3,600	3,744	3,931	4,128	4,334	4,551	4,778	5,017	5,268	5,532	5,808	6,099	6,404	6,724	7,060	7,413	7,784	8,173	8,581	9,010	9,461	9,934	10,431	10,952	11,500		Parking for Day Workers
Riders from  RTD		5,000 x .50c x 300days			750	780	819	860	903	948	995	1,045	1,098	1,152	1,210	1,271	1,334	1,401	1,471	1,544	1,622	1,703	1,788	1,877	1,971	2,070	2,173	2,282	2,396		Commuters RTD
Event visitors		3,000 x $2 x 100 days			600	624	655	688	722	758	796	836	878	922	968	1,016	1,067	1,121	1,177	1,235	1,297	1,362	1,430	1,502	1,577	1,656	1,738	1,825	1,917		Event Visitors Nights
$1.50 share of event parkg		2,000 x $5 x 100 days			1,000	1,040	1,092	1,147	1,204	1,264	1,327	1,394	1,463	1,537	1,613	1,694	1,779	1,868	1,961	2,059	2,162	2,270	2,384	2,503	2,628	2,759	2,897	3,042	3,194		Parking for Events
Hotel tourists		1,000 x $3 x 300 days			900	936	992	1,052	1,115	1,182	1,253	1,328	1,407	1,492	1,581	1,676	1,777	1,883	1,996	2,116	2,243	2,378	2,520	2,672	2,832	3,002	3,182	3,373	3,575		Hotel tourists
Business Visitors		2,000 x $3 x 300 days			1,800	1,872	1,966	2,064	2,167	2,275	2,389	2,509	2,634	2,766	2,904	3,049	3,202	3,362	3,530	3,706	3,892	4,086	4,291	4,505	4,730	4,967	5,215	5,476	5,750		Business Visitors
$1 Parking for Business Visitors		1500 x $3 x 300 days			450	468	487	506	526	547	569	592	616	640	666	693	720	749	779	810	843	877	912	948	986	1,025	1,066	1,109	1,153
Cargo and Advertising					300	315	331	347	365	383	402	422	443	465	489	513	539	566	594	624	655	688	722	758	796	836	878	921	968		Cargo Packages
Residential Subscriptions		500 x $1 x 300 days			150	158	165	174	182	191	201	211	222	233	244	257	269	283	297	312	327	344	361	379	398	418	439	461	484		Residents
Total Revenues from  Weekdays (6) Traffic					13,150	13,681	14,369	15,093	15,853	16,651	17,490	18,372	19,298	20,270	21,292	22,366	23,494	24,680	25,925	27,233	28,608	30,052	31,570	33,165	34,840	36,601	38,450	40,394	42,436		Total Weekday traffic
Other Revenues - Sunday traffic at 5%					658	684	718	755	793	833	875	919	965	1,014	1,065	1,118	1,175	1,234	1,296	1,362	1,430	1,503	1,579	1,658	1,742	1,830	1,923	2,020	2,122		Weekend traffic at 12.5%
Total Revenues					13,808	14,365	15,088	15,847	16,645	17,484	18,365	19,290	20,262	21,284	22,357	23,484	24,669	25,914	27,221	28,595	30,038	31,555	33,149	34,823	36,582	38,431	40,373	42,414	44,558	656,599	Total Revenues (000)
Costs and expenses:																															Costs and expenses:
Admin, Operating & Maint Costs @ 25%					3,452	3,591	3,772	3,962	4,161	4,371	4,591	4,823	5,066	5,321	5,589	5,871	6,167	6,478	6,805	7,149	7,510	7,889	8,287	8,706	9,146	9,608	10,093	10,603	11,140	164,150	Operating Costs @ 25%
less  Upgrade & Replacement  @ 3%					414	431	453	475	499	525	551	579	608	639	671	705	740	777	817	858	901	947	994	1,045	1,097	1,153	1,211	1,272	1,337	19,698	less upgrades &  replacement reserves
Franchize and Royalty @ 4%			%x	$0.0	552	575	604	634	666	699	735	772	810	851	894	939	987	1,037	1,089	1,144	1,202	1,262	1,326	1,393	1,463	1,537	1,615	1,697	1,782	26,264	Franchize  royalty @ 4%
	Total Costs and Expenses			$0.00	4,418	4,597	4,828	5,071	5,327	5,595	5,877	6,173	6,484	6,811	7,154	7,515	7,894	8,292	8,711	9,150	9,612	10,098	10,608	11,143	11,706	12,298	12,919	13,572	14,259	210,112	Total Costs and Expenses
Net Cash Flow (Before Taxes)				$0.0	9,389	9,768	10,260	10,776	11,319	11,889	12,488	13,117	13,778	14,473	15,203	15,969	16,775	17,621	18,510	19,445	20,426	21,457	22,541	23,680	24,876	26,133	27,454	28,841	30,300	446,488	Net Income (Before taxes)
Cumulative					9,389	19,157	29,417	40,193	51,512	63,401	75,889	89,006	102,785	117,258	132,460	148,430	165,205	182,826	201,336	220,781	241,207	262,664	285,205	308,885	333,760	359,893	387,347	416,188	446,488
Costs	$88,400	See Construction Tab			17.1																									505%	20.2%	ave py over 25 yrs