Twelve month cash flow Pre Startup EST Cash on

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Twelve-month cash flow Pre-Startup EST Cash on Hand (beginning of month) Jan-05 Feb-05 Mar-05 Redfern Farms Home Owners Association Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Fiscal Year Begins: Oct-05 1,765.08 Nov-05 1,881.92 Jan-05 Dec-05 2,652.37 12,056.61 12,056.61 12,056.61 12,856.61 12,331.61 11,983.11 11,951.11 11,767.49 11,767.49 11,896.08 CASH RECEIPTS Homeowner Annual Assessments Special Assessments Recovered expenditures 800.00 100.00 100.00 300.00 200.00 200.00 1,560.00 3,410.00 TOTAL CASH RECEIPTS Total Cash Available (before cash out) 0.00 0.00 800.00 100.00 0.00 100.00 0.00 0.00 300.00 200.00 200.00 1,965.08 1,560.00 3,441.92 3,410.00 6,062.37 12,056.61 12,056.61 12,856.61 12,956.61 12,331.61 12,083.11 11,951.11 11,767.49 12,067.49 12,096.08 CASH PAID OUT Sign Landscaping Septic Inspections Septic Tank Pumping Insurance Legal fees Accounting fees Supplies (office & oper.) Federal income tax Board Business Miscellaneous expenses Maintenance of Retention basin Bank Fees 10,250.00 10.75 10.75 200.00 9.41 60.00 625.00 120.00 148.50 132.00 486.00 153.00 183.62 162.00 81.00 83.16 172.80 SUBTOTAL 0.00 0.00 0.00 625.00 348.50 132.00 183.62 0.00 171.41 10,331.00 83.16 789.55 223.75 TOTAL CASH PAID OUT Cash Position (end of month) 0.00 0.00 0.00 625.00 348.50 132.00 183.62 0.00 171.41 10,331.00 1,765.08 83.16 1,881.92 789.55 2,652.37 223.75 5,838.62 12,056.61 12,056.61 12,856.61 12,331.61 11,983.11 11,951.11 11,767.49 11,767.49 11,896.08

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