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EXAMPLE <br /> BETTERMENT OR SPECIAL ASSESSMENT PAYMENT SCHEDULE-Quarterly Tax Payment System) <br /> Total Assessment: $10,000 <br /> Apportionment Schedule: 20 years <br /> Annual Principal Payment: $500 <br /> Interest Rate: 5% <br /> Commitment Date: 4/l/2001 <br /> FIRST APPORTIONMENT BILLED IN FY2002 <br /> FY2001 FY2002 FY2003 FY2004 FY2005 <br /> Real Estate Tax $2000 $2100 $2200 2300 2400 <br /> Special Assessment 0 500 500 500 500 <br /> Committed Interest 0 208 475 450 425 <br /> (5 months on$10,000) (1 year on$9,500) (1 year on$9,000) (1 year on$8.500) <br /> (5/l/2001 to 10/1/2001) (10/1/2001 to 10/1/2002) (10/1/2002 to 10/1/2003) (10/1/2003 to 10/1/2004) <br /> TOTAL DUE 2000 2808 3175 3250 3325 <br /> OPTION 1 Q1 500 525 550 575 <br /> Preliminary-50%Prior Year Tax Only Q2 500 525 550 575 <br /> Actual-Current Year Betterment/Interest First Billed Q3 904 1062.50 1075 1087.50 <br /> Q4 904 1062.50 1075 1087.50 <br /> OPTION 2 QI 854 1012.50 1025 1037.50 <br /> Preliminary-50%Prior Year Tax Only and Q2 854 1012.50 1025 1037.50 <br /> Current Year Betterment/Interest First Billed Q3 550 575 600 625 <br /> Q4 550 575 600 625 <br /> OPTION 3 QI 500 702 793.50 812.50 <br /> Preliminary-50%Prior Total Due Q2 500 702 793.50 812.50 <br /> Actual-Current Year Betterment/Interest First Billed _ Q3 904 885.50 83115 850 <br /> Q4 904 885.50 831.25 850 <br /> NOTE:All Examples Uses 50%of Prior Year for Preliminary Taxes,but May Increase to Reflect 50%of Annual 2.5%Levy Limit Increase,Overrides&Exclusions <br /> (over) <br />