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$0 Statement of Cash Flows doesn't match the Balance Sheet
$0 Bonus Accrual schedule doesn't match the Balance Sheet
$0 Tax Accrual schedule doesn't match the Balance Sheet
($0) Capex schedule doesn't match Statement of Cash Flows
$0 Depreciation doesn’t match Income Statement
$0 Capex & Depreciation Schedule doesn't match the Balance Sheet
$0 Cash flow sweep doesn't match balance sheet
$0 Revolver doesn't match balance sheet
$0 Revolver exceeds capacity
$0 Term Debt doesn't match balance sheet
$0 Leverage Ratio is Out of Compliance
$0 FCCR is out of Compliance
$0 Balance sheet doesn't balance on Summary
$0 Statement of Cash Flows doesn't match the Balance Sheet on Summary

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 Annual Totals Year over Year Growth
Summary Financials Actual Actual Forecast Forecast Forecast Actual Forecast Forecast Forecast
$ in Dollars 2026 2027 2028 2029 2030 2027 2028 2029 2030
Income Statement
Big Box Revenue $44,792,153 $45,464,035 $46,145,996 $46,838,186 $47,540,759 1.5% 1.5% 1.5% 1.5%
Online Revenue $6,843,536 $7,247,284 $8,696,741 $10,436,090 $12,523,308 5.9% 20.0% 20.0% 20.0%
Total Revenue $51,635,689 $52,711,320 $54,842,737 $57,274,276 $60,064,066 2.1% 4.0% 4.4% 4.9%
Gross Profit $17,419,926 $16,812,057 $18,192,169 $19,269,501 $20,523,881 -3.5% 8.2% 5.9% 6.5%
Margin 33.7% 31.9% 33.2% 33.6% 34.2%
Net Income $3,032,033 $2,201,768 $2,287,684 $2,162,144 $2,389,546 -27.4% 3.9% -5.5% 10.5%
EBITDA $5,051,190 $3,786,543 $4,084,960 $4,076,645 $4,287,958 -25.0% 7.9% -0.2% 5.2%
Margin 9.8% 7.2% 7.4% 7.1% 7.1%

Balance Sheet
Cash $2,394,398 $1,541,938 $1,558,758 $500,000 $500,000 -35.6% 1.1% -67.9% 0.0%
Accounts Receivable $3,968,206 $3,784,990 $5,765,833 $5,852,320 $5,940,105 -4.6% 52.3% 1.5% 1.5%
Inventory $8,311,742 $9,324,848 $9,548,136 $9,904,297 $10,308,387 12.2% 2.4% 3.7% 4.1%
Fixed Assets $5,858,487 $6,186,881 $10,523,965 $10,747,250 $10,941,734 5.6% 70.1% 2.1% 1.8%
Other Assets $557,121 $590,548 $614,972 $642,875 $674,932 6.0% 4.1% 4.5% 5.0%
Total Assets $21,089,955 $21,429,206 $28,011,664 $27,646,741 $28,365,158 1.6% 30.7% -1.3% 2.6%
Accounts Payable $5,902,159 $6,023,999 $6,236,039 $6,468,653 $6,732,571 2.1% 3.5% 3.7% 4.1%
Revolver $2,000,000 $1,000,000 $1,114,489 $424,103 $410,931 -50.0% 11.4% -61.9% -3.1%
Term Debt $4,300,000 $3,600,000 $7,600,000 $5,478,270 $3,491,784 -16.3% 111.1% -27.9% -36.3%
Other Liabilities $963,353 $928,995 $897,240 $949,676 $1,014,288 -3.6% -3.4% 5.8% 6.8%
Total Liabilities $13,165,512 $11,552,994 $15,847,769 $13,320,702 $11,649,574 -12.2% 37.2% -15.9% -12.5%
Equity $7,924,443 $9,876,211 $12,163,896 $14,326,039 $16,715,585 24.6% 23.2% 17.8% 16.7%
Total Liabilities and Equity $21,089,955 $21,429,206 $28,011,664 $27,646,742 $28,365,159 1.6% 30.7% -1.3% 2.6%
Check $0 $0 $0 $0 $0
Statement of Cash Flows
Beginning Cash $2,394,398 $1,541,938 $1,558,758 $500,000 0.0% -35.6% 1.1% -67.9%
Cash from Operations $1,697,552 $622,331 $2,473,358 $2,719,658 0.0% -63.3% 297.4% 10.0%
Cash from Investing ($600,012) ($4,720,000) ($720,000) ($720,000) 0.0% 686.7% -84.7% 0.0%
Cash from Financing ($1,950,000) $4,114,489 ($2,812,116) ($1,999,658) 0.0% -311.0% -168.3% -28.9%
Ending Cash $1,541,938 $1,558,758 $500,000 $500,000 0.0% 1.1% -67.9% 0.0%
Check $0 $0 $0 $0
Leverage Ratio
Total Leverage $6,300,000 $4,600,000 $8,714,489 $5,902,373 $3,902,715 -27.0% 89.4% -32.3% -33.9%
EBITDA $5,051,190 $3,786,543 $4,084,960 $4,076,645 $4,287,958 -25.0% 7.9% -0.2% 5.2%
Calculation 1.2x 1.2x 2.1x 1.4x 0.9x
Covenant 2.5x 2.5x 2.5x 2.0x 2.0x
PASS / FAIL PASS PASS PASS PASS PASS

Fixed Charge Coverage Ratio

Numerator $2,328,487 $2,454,707 $2,576,608 0.0% 0.0% 5.4% 5.0%
Denominator $1,519,638 $1,576,867 $1,434,520 0.0% 0.0% 3.8% -9.0%
Calculation 1.5x 1.6x 1.8x
Covenant 1.3x 1.3x 1.3x
PASS / FAIL PASS PASS PASS

Select Visual Aids

Leverage Ratio FCCR

3.0x 2.0x
2.5x 1.6x
2.0x
1.2x
1.5x
0.8x
1.0x
0.5x 0.4x
0.0x 0.0x
/A /A /A /A /A /A /A /A 28 28 28 28 29 29 29 29 30 30 30 30 /A /A /A /A /A /A /A /A 28 28 28 28 29 29 29 29 30 30 30 30
#N #N #N #N #N #N #N #N /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 #N #N #N #N #N #N #N #N /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20
31 30 31 31 31 30 31 31 31 30 31 31 31 30 31 31 31 30 31 31 31 30 31 31
1/ 4/ 7/ 10/ 1/ 4/ 7/ 10/ 1/ 4/ 7/ 10/ 1/ 4/ 7/ 10/ 1/ 4/ 7/ 10/ 1/ 4/ 7/ 10/

Calculation Covenant Calculation Covenant

Position Base Start Date End Date 1/31/2028 2/29/2028
CEO 400,000 6/30/15 12/31/99 33,333 33,333
CFO 300,000 3/7/16 12/31/99 25,000 25,000
COO 300,000 1/31/16 12/31/99 25,000 25,000
Director of Manufacturing 250,000 6/27/17 12/31/99 20,833 20,833
Sales and Marketing Director 200,000 11/12/24 12/31/99 16,667 16,667
Quality Control Manager 100,000 4/20/19 12/31/99 8,333 8,333
Quality Control Manager 100,000 5/25/24 12/31/99 8,333 8,333
Quality Control Manager 100,000 2/13/25 12/31/99 8,333 8,333
Production Supervisor 90,000 2/4/16 12/31/99 7,500 7,500
Production Supervisor 90,000 3/26/16 12/31/99 7,500 7,500
Production Supervisor 90,000 10/1/16 12/31/99 7,500 7,500
Production Supervisor 90,000 5/13/22 12/31/99 7,500 7,500
Production Supervisor 90,000 2/26/23 12/31/99 7,500 7,500
Production Supervisor 90,000 5/7/23 12/31/99 7,500 7,500
Production Supervisor 90,000 7/8/23 12/31/99 7,500 7,500
Production Supervisor 90,000 1/29/24 12/31/99 7,500 7,500
Production Supervisor 90,000 2/24/25 12/31/99 7,500 7,500
Production Supervisor 90,000 4/12/25 12/31/99 7,500 7,500
Inventory Manager 80,000 8/10/21 12/31/99 6,667 6,667
Inventory Manager 80,000 2/17/22 12/31/99 6,667 6,667
Inventory Manager 80,000 8/29/24 12/31/99 6,667 6,667
Inventory Manager 80,000 12/15/24 12/31/99 6,667 6,667
Sales Representative 80,000 3/8/17 12/31/99 6,667 6,667
Sales Representative 80,000 8/18/17 12/31/99 6,667 6,667
Sales Representative 80,000 2/20/19 12/31/99 6,667 6,667
Sales Representative 80,000 5/12/19 12/31/99 6,667 6,667
Sales Representative 80,000 5/17/20 12/31/99 6,667 6,667
Sales Representative 80,000 3/28/21 12/31/99 6,667 6,667
Sales Representative 80,000 4/7/21 12/31/99 6,667 6,667
Sales Representative 80,000 9/23/21 12/31/99 6,667 6,667
Sales Representative 80,000 2/16/24 12/31/99 6,667 6,667
Sales Representative 80,000 12/17/24 12/31/99 6,667 6,667
Marketing Specialist 80,000 3/27/17 12/31/99 6,667 6,667
Marketing Specialist 80,000 10/16/18 12/31/99 6,667 6,667
Marketing Specialist 80,000 3/6/19 12/31/99 6,667 6,667
Marketing Specialist 80,000 8/19/23 12/31/99 6,667 6,667
Marketing Specialist 80,000 9/9/24 12/31/99 6,667 6,667
HR Manager 100,000 4/26/16 12/31/99 8,333 8,333
HR Manager 100,000 1/28/21 12/31/99 8,333 8,333
HR Manager 100,000 3/13/22 12/31/99 8,333 8,333
Office Staff 50,000 11/13/16 12/31/99 4,167 4,167
Office Staff 50,000 6/3/17 12/31/99 4,167 4,167
Office Staff 60,000 10/24/17 12/31/99 5,000 5,000
Office Staff 60,000 12/9/21 12/31/99 5,000 5,000
Office Staff 50,000 3/24/23 12/31/99 4,167 4,167
Office Staff 60,000 10/17/23 12/31/99 5,000 5,000
Office Staff 60,000 8/22/24 12/31/99 5,000 5,000
Office Staff 60,000 12/18/24 12/31/99 5,000 5,000
Office Staff 60,000 10/21/25 12/31/99 5,000 5,000
Office Staff 60,000 12/26/25 12/31/99 5,000 5,000
New Hire for Online 80,000 1/31/28 12/31/99 6,667 6,667
New Hire for Online 80,000 1/31/28 12/31/99 6,667 6,667
New Hire for Online 80,000 4/30/28 12/31/99 - -
New Hire for Online 80,000 4/30/28 12/31/99 - -
New Hire for Online 80,000 6/30/28 12/31/99 - -
New Hire for Online 80,000 8/31/28 12/31/99 - -

Total 5,520,000 433,333 433,333

3/31/2028 4/30/2028 5/31/2028 6/30/2028 7/31/2028 8/31/2028 9/30/2028 10/31/2028
33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333
25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833
16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667
8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167
4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
 - 6,667 6,667 6,667 6,667 6,667 6,667 6,667
- 6,667 6,667 6,667 6,667 6,667 6,667 6,667
- - - 6,667 6,667 6,667 6,667 6,667
- - - - - 6,667 6,667 6,667

433,333 446,667 446,667 453,333 453,333 460,000 460,000 460,000

11/30/2028 12/31/2028 TOTAL
33,333 33,333 400,000
25,000 25,000 300,000
25,000 25,000 300,000
20,833 20,833 250,000
16,667 16,667 200,000
8,333 8,333 100,000
8,333 8,333 100,000
8,333 8,333 100,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
7,500 7,500 90,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
6,667 6,667 80,000
8,333 8,333 100,000
8,333 8,333 100,000
8,333 8,333 100,000
4,167 4,167 50,000
4,167 4,167 50,000
5,000 5,000 60,000
5,000 5,000 60,000
4,167 4,167 50,000
5,000 5,000 60,000
5,000 5,000 60,000
5,000 5,000 60,000
5,000 5,000 60,000
5,000 5,000 60,000
6,667 6,667 80,000
6,667 6,667 80,000
 6,667 6,667 60,000
6,667 6,667 60,000
6,667 6,667 46,667
6,667 6,667 33,333

460,000 460,000 5,400,000

Master Error Check Cell $0
Line Item Assumptions
Income Statement
Revenue
Big Box Revenue 1.5%
Online Revenue 20.0%

Total Revenue

COGS
Big Box COGS
Online COGS

Total COGS

Gross Profit
Big Box Gross Profit
Online Gross Profit

Total Gross Profit

Big Box Gross Margin 30.0%
Online Gross Margin 50.0%
Total Gross Margin

Operating Expense
Labor 3.0%
Taxes & Benefits 18.0%
Bonus Accrual 10.0%
Rent 5.0%
Advertising 0.5% 25.0%
Technology 6.5%
Insurance 4.5%
Professional Fees 8.5%
Communication 3.5%
Office Equipment & Supplies 5.0%
Travel & Entertainment 6.5%
Interest
Depreciation

Total Operating Expense

Operating Income
Margin

Income Tax Expese 30.0%

Net Income
Margin

EBITDA, as Defined
Net Income
 Interest
Income Tax Expese
Depreciation
Amortization
Total EBITDA Adjustments, as Defined
EBITDA, as Defined
Margin
TTM EBITDA, as Defined
TTM Margin

Balance Sheet
Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Fixed Assets, net

Total Assets

Liabilities
Accounts Payable
Accrued Expenses
Bonus Accrual
Tax Accrual
Revolver
Term Debt

Total Liabilities

Equity
Contributed Capital
Distributions
Retained Earnings

Total Equity

Total Liabilities & Equity

Check

Statement of Cash Flows

Cash from Operations
Net Income
Depreciation
Change in Accounts Receivable
Change in Inventory
Change in Prepaid Expenses
Change in Accounts Payable
Change in Accrued Expenses
Change in Bonus Accrual
Change in Tax Accrual

Total Cash from Operations

Cash from Investing
Change in Fixed Assets, net (CAPEX)

Total Cash from Investing

Cash from Financing

Cash from Debt Financing
Change in Revolver
Change in Term Debt

Total Cash from Debt Financing

Cash from Equity Financing

Change in Contributed Capital
Change in Distributions

Total Cash from Equity Financing

Total Cash from Financing

Beginning Cash
Change in Cash
Ending Cash
Check

Net Working Capital

Big Box Revenue
Total Revenue
Total COGS

Accounts Receivable
Inventory
Prepaid Expenses
Accounts Payable
Accrued Expenses

Days Sales Outstanding (DSO)

Days on Hand (DOH)
Days Payable Outstanding (DPO)
Prepaid Expenses as % of Revenue
Accrued Expenses as % of Revenue

Bonus Accrual Schedule

Beginning Balance
Plus: Bonus Expense
Less: Bonus Cash Payment 12.0
Ending Balance
Check

Tax Accrual Schedule

Beginning Balance
Plus: Income Tax Expense
Less: Cash Tax Payments 1.0 4.0 6.0 9.0
Ending Balance
Check

Capex and Depreciation

Beginning Balance
Plus: Capex
Less: Depreciation
Ending Balance
Check

Capex Forecast
Historical Average Capex $60,000
Capital Expansion Project

Total Capex
Check

Depreciation Schedule
Dates Capex Useful Life Salvage Value
1/31/2028 $60,000 25.0 0.0
2/29/2028 $60,000 25.0 0.0
3/31/2028 $60,000 25.0 0.0
4/30/2028 $660,000 25.0 0.0
5/31/2028 $660,000 25.0 0.0
6/30/2028 $560,000 25.0 0.0
7/31/2028 $560,000 25.0 0.0
8/31/2028 $460,000 25.0 0.0
9/30/2028 $460,000 25.0 0.0
10/31/2028 $460,000 25.0 0.0
11/30/2028 $460,000 25.0 0.0
12/31/2028 $260,000 25.0 0.0
1/31/2029 $60,000 25.0 0.0
2/28/2029 $60,000 25.0 0.0
3/31/2029 $60,000 25.0 0.0
4/30/2029 $60,000 25.0 0.0
5/31/2029 $60,000 25.0 0.0
6/30/2029 $60,000 25.0 0.0
7/31/2029 $60,000 25.0 0.0
8/31/2029 $60,000 25.0 0.0
9/30/2029 $60,000 25.0 0.0
10/31/2029 $60,000 25.0 0.0
11/30/2029 $60,000 25.0 0.0
12/31/2029 $60,000 25.0 0.0
1/31/2030 $60,000 25.0 0.0
2/28/2030 $60,000 25.0 0.0
3/31/2030 $60,000 25.0 0.0
4/30/2030 $60,000 25.0 0.0
5/31/2030 $60,000 25.0 0.0
6/30/2030 $60,000 25.0 0.0
7/31/2030 $60,000 25.0 0.0
8/31/2030 $60,000 25.0 0.0
9/30/2030 $60,000 25.0 0.0
10/31/2030 $60,000 25.0 0.0
 11/30/2030 $60,000 25.0 0.0
12/31/2030 $60,000 25.0 0.0

Total Forecast Depreciation

Plus: Existing Depreciation
Total Depreciation
Check

Debt Schedule
Cash Flow Sweep
Beginning Balance
Less: Cash Minimum 500,000
(+/-): Cash from Operations
(+/-): Cash from Investing
(+/-): Cash from Equity Financing
Less: Principal Payments on Term Debt
Plus: Capital Expansion Project (on Term Loan)

Cash Available to Sweep

Cash Flow Sweep
Change in Cash
Ending Balance
Cash Flow Sweep Percentage
Check to Balance Sheet

Revolver
Beginning Balance
(+/-): Draw or Cash Flow Sweep
Ending Balance
Interest Expense 7.0%
Capacity 5,000,000
Check to Balance Sheet
Capacity Check

Term Debt
Beginning Balance
Less: Principal Payments 7,600,000 1/31/2029 $271,429
Plus: Capital Expansion Project
Less: Cash Flow Sweep
Ending Balance
Interest Expense 7.0%
Check to Balance Sheet

Leverage Ratio
Total Leverage
TTM EBITDA, as Defined
Leverage Ratio
Covenant, as required
PASS / FAIL Indicator
PASS / FAIL Check

Fixed Charge Coverage Ratio

TTM EBITDA: as Defined
Less: TTM Unfinanced Capex
Less: TTM Tax Distributions
Numerator

TTM Principal Payments

TTM Interest Payments
Denominator

Fixed Charge Coverage Ratio

Covenant, as Required
PASS / FAIL Indicator
PASS / FAIL Check

Charts
 Actual or Forecast Actual Actual Actual
Year 2026 2026 2026
Notes Month 1/31/2026 2/28/2026 3/31/2026

Year over Year Growth $3,467,331 $3,737,173 $3,837,144

Year over Year Growth $564,449 $509,614 $624,651

$4,031,780 $4,246,787 $4,461,795

Respective Revenue * 1 - Margin Assumption $2,384,741 $2,558,518 $2,646,584

Respective Revenue * 1 - Margin Assumption $275,983 $248,725 $304,842

$2,660,724 $2,807,243 $2,951,426

Respective Revenue - Respective COGS $1,082,589 $1,178,655 $1,190,559

Respective Revenue - Respective COGS $288,466 $260,890 $319,809

$1,371,056 $1,439,544 $1,510,369

31.2% 31.5% 31.0%
51.1% 51.2% 51.2%
34.0% 33.9% 33.9%

Unique formulas; please see note $400,000 $400,000 $400,000

Percent of Labor $72,000 $72,000 $72,000
Percent of Labor $40,000 $40,000 $40,000
Year over Year Growth $125,000 $125,000 $125,000
Percent of Big Box Revenue; Percent of Online Revenue $158,449 $146,089 $175,349
Year over Year Growth $45,146 $48,280 $47,889
Year over Year Growth $50,000 $50,000 $50,000
Year over Year Growth $69,836 $67,277 $61,388
Year over Year Growth $16,852 $16,581 $16,948
Year over Year Growth $15,085 $16,351 $17,847
Year over Year Growth $35,430 $35,354 $36,328
See Debt Schedule $42,729 $42,729 $42,729
See Capex & Depreciation Schedule $18,544 $19,036 $18,720

$1,089,071 $1,078,697 $1,104,198

$281,984 $360,847 $406,171

7.0% 8.5% 9.1%

Percent of Operating Income $84,595 $108,254 $121,851

$197,389 $252,593 $284,319

4.9% 5.9% 6.4%

$197,389 $252,593 $284,319

 $42,729 $42,729 $42,729
$84,595 $108,254 $121,851
$18,544 $19,036 $18,720
$0 $0 $0
$145,869 $170,019 $183,301
$343,258 $422,612 $467,620
8.5% 10.0% 10.5%

Links to Ending Balance in Statement of Cash Flows $1,267,670 $1,536,490 $2,215,584

See Networking Capital Schedule $3,760,389 $3,661,869 $3,802,541
See Networking Capital Schedule $8,690,056 $8,651,024 $8,375,142
See Networking Capital Schedule $504,818 $531,739 $558,660
See Capex and Depreciation Schedule $5,264,789 $5,343,332 $5,324,611

$19,487,721 $19,724,454 $20,276,538

See Networking Capital Schedule $5,946,447 $5,755,568 $5,834,717

See Networking Capital Schedule $501,880 $528,644 $555,408
See Bonus Accrual Schedule $40,000 $80,000 $120,000
See Tax Accrual Schedule $84,595 $192,849 $314,701
See Debt Schedule $2,500,000 $2,500,000 $2,500,000
See Debt Schedule $4,825,000 $4,825,000 $4,825,000

$13,897,922 $13,882,061 $14,149,826

Flat Carryforward $2,000,000 $2,000,000 $2,000,000

Flat Carryforward ($200,000) ($200,000) ($200,000)
Previous Period + Net Income $3,789,800 $4,042,393 $4,326,712

$5,589,800 $5,842,393 $6,126,712

$19,487,721 $19,724,454 $20,276,538

$0 $0 $0

From Income Statement $252,593 $284,319

From Income Statement $19,036 $18,720
Previous Period - Current Period $98,519 ($140,672)
Previous Period - Current Period $39,031 $275,882
Previous Period - Current Period ($26,921) ($26,921)
Current Period - Previous Period ($190,879) $79,149
Current Period - Previous Period $26,764 $26,764
Current Period - Previous Period $40,000 $40,000
Current Period - Previous Period $108,254 $121,851

$366,398 $679,094
Previous Period - Current Period - Depreciation ($97,578) ($0)

($97,578) ($0)

Current Period - Previous Period $0 $0

Current Period - Previous Period $0 $0

$0 $0

Current Period - Previous Period $0 $0

Current Period - Previous Period $0 $0

$0 $0
$0 $0

$1,267,670 $1,536,490
Sum of 3 Sections Above $268,820 $679,094
$1,267,670 $1,536,490 $2,215,584
$0 $0 $0

From Income Statement $3,467,331 $3,737,173 $3,837,144

From Income Statement $4,031,780 $4,246,787 $4,461,795
From Income Statement $2,660,724 $2,807,243 $2,951,426

Actual, else forecast $3,760,389 $3,661,869 $3,802,541

Actual, else forecast $8,690,056 $8,651,024 $8,375,142
Actual, else forecast $504,818 $531,739 $558,660
Actual, else forecast $5,946,447 $5,755,568 $5,834,717
Actual, else forecast $501,880 $528,644 $555,408

(Average AR / Big Box Revenue) * 90

(Average Inv / Total COGS) * 90
(Average AP / Total COGS) * 90
Balance / Total Revenue 12.5% 12.5% 12.5%
Balance / Total Revenue 12.4% 12.4% 12.4%

$40,000 $80,000
From Income Statement $40,000 $40,000
Month of Cash Payout
$40,000 $80,000 $120,000
$0 $0 $0

$84,595 $192,849
From Income Statement $84,595 $108,254 $121,851
Months of Cash Payout
 $84,595 $192,849 $314,701
$0 $0 $0

$5,264,789 $5,343,332
From Statement of Cash Flows $97,578 $0
See Depreciation Schedule ($19,036) ($18,720)
$5,264,789 $5,343,332 $5,324,611
$0 $0 $0

From Statement of Cash Flows $0 $97,578 $0

Type in manually $0 $0 $0

$0 $97,578 $0
$0 $0 $0

Straight Line Depreciation

Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation
Straight Line Depreciation

$0 $0 $0
Flat carryforward $18,544 $19,036 $18,720
$18,544 $19,036 $18,720
$0 $0 $0

Assumption
From Statement of Cash Flows
From Statement of Cash Flows
From Statement of Cash Flows
From Term Debt Schedule
From Capex Schedule

Draws to meet minimum, else sweeps

Enter manually

Minimum of Sweep or Ending Balance

Beginning Balance x Interest Rate

Assumption

Paid Quarterly
From Capex Schedule
Minimum of Sweep (less Revolver) or Ending Balance

Beginning Balance x Interest Rate

Sum of Revolver and Term Debt $7,325,000 $7,325,000 $7,325,000

See Income Statement / EBITDA Schedule $0 $0 $0
Total Leverage / TTM EBITDA 0.0x 0.0x 0.0x
See Credit Agreement 2.5x 2.5x 2.5x
PASS / FAIL Indicator PASS PASS PASS
Calculation / Covenant $0 $0 $0

See Income Statement / EBITDA Schedule

From Capex Schedule
From Tax Schedule

See Term Debt Schedule, Annualized

See Income Statement

Numerator / Denominator
See Credit Agreement
PASS / FAIL Indicator
Calculations vs Covenant

Date #N/A #N/A #N/A

Calculation #N/A #N/A #N/A
Covenant #N/A #N/A #N/A

Date #N/A #N/A #N/A

Calculation #N/A #N/A #N/A
Covenant #N/A #N/A #N/A
 Actual Actual Actual Actual Actual Actual Actual Actual
2026 2026 2026 2026 2026 2026 2026 2026
4/30/2026 5/31/2026 6/30/2026 7/31/2026 8/31/2026 9/30/2026 10/31/2026 11/30/2026

$3,825,563 $3,971,026 $3,730,684 $3,696,254 $3,691,124 $3,642,509 $3,668,333 $3,609,448

$571,636 $593,372 $607,321 $652,280 $600,881 $592,967 $500,227 $492,197

$4,397,198 $4,564,398 $4,338,005 $4,348,534 $4,292,005 $4,235,475 $4,168,560 $4,101,645

$2,644,208 $2,730,928 $2,582,022 $2,565,705 $2,519,056 $2,542,302 $2,526,944 $2,462,706

$282,030 $290,960 $292,014 $318,944 $302,943 $288,054 $242,959 $237,005

$2,926,238 $3,021,888 $2,874,036 $2,884,649 $2,821,999 $2,830,356 $2,769,904 $2,699,711

$1,181,355 $1,240,098 $1,148,662 $1,130,549 $1,172,068 $1,100,207 $1,141,389 $1,146,741

$289,606 $302,412 $315,306 $333,336 $297,938 $304,912 $257,268 $255,192

$1,470,961 $1,542,510 $1,463,968 $1,463,885 $1,470,006 $1,405,120 $1,398,656 $1,401,934

30.9% 31.2% 30.8% 30.6% 31.8% 30.2% 31.1% 31.8%
50.7% 51.0% 51.9% 51.1% 49.6% 51.4% 51.4% 51.8%
33.5% 33.8% 33.7% 33.7% 34.2% 33.2% 33.6% 34.2%

$400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000

$72,000 $72,000 $72,000 $72,000 $72,000 $72,000 $72,000 $72,000
$40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000
$125,000 $125,000 $125,000 $125,000 $125,000 $125,000 $125,000 $125,000
$162,037 $168,198 $170,484 $181,551 $168,676 $166,454 $143,398 $141,097
$45,790 $46,609 $45,752 $45,564 $48,330 $49,904 $46,333 $46,759
$50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000
$60,992 $61,779 $63,882 $67,474 $61,274 $65,745 $62,939 $65,917
$18,965 $19,733 $18,543 $16,577 $19,585 $16,464 $15,491 $19,773
$17,187 $15,190 $17,324 $15,704 $17,645 $15,320 $15,576 $17,754
$35,797 $36,985 $35,110 $39,029 $35,731 $39,765 $35,559 $38,028
$41,708 $41,708 $41,708 $40,688 $37,771 $37,771 $36,750 $36,750
$18,412 $18,982 $19,528 $20,105 $20,664 $21,250 $20,976 $21,574

$1,087,888 $1,096,184 $1,099,331 $1,113,691 $1,096,676 $1,099,673 $1,064,023 $1,074,652

$383,073 $446,326 $364,637 $350,194 $373,330 $305,447 $334,634 $327,281

8.7% 9.8% 8.4% 8.1% 8.7% 7.2% 8.0% 8.0%

$114,922 $133,898 $109,391 $105,058 $111,999 $91,634 $100,390 $98,184

$268,151 $312,428 $255,246 $245,136 $261,331 $213,813 $234,244 $229,097

6.1% 6.8% 5.9% 5.6% 6.1% 5.0% 5.6% 5.6%

$268,151 $312,428 $255,246 $245,136 $261,331 $213,813 $234,244 $229,097

 $41,708 $41,708 $41,708 $40,688 $37,771 $37,771 $36,750 $36,750
$114,922 $133,898 $109,391 $105,058 $111,999 $91,634 $100,390 $98,184
$18,412 $18,982 $19,528 $20,105 $20,664 $21,250 $20,976 $21,574
$0 $0 $0 $0 $0 $0 $0 $0
$175,042 $194,588 $170,628 $165,850 $170,434 $150,655 $158,116 $156,509
$443,193 $507,016 $425,874 $410,986 $431,765 $364,467 $392,360 $385,606
10.1% 11.1% 9.8% 9.5% 10.1% 8.6% 9.4% 9.4%

$1,829,203 $1,989,730 $1,709,372 $2,132,192 $1,913,811 $2,043,476 $2,568,799 $2,581,411

$3,916,574 $3,936,087 $4,077,235 $3,892,092 $3,664,840 $3,774,271 $3,856,019 $3,872,825
$8,843,508 $8,933,977 $8,825,963 $9,038,630 $8,885,997 $8,633,611 $8,246,246 $8,212,186
$550,572 $571,507 $543,160 $544,478 $537,400 $530,322 $521,944 $513,566
$5,306,200 $5,391,990 $5,473,615 $5,557,566 $5,638,258 $5,720,804 $5,699,827 $5,782,203

$20,446,057 $20,823,291 $20,629,344 $21,164,959 $20,640,306 $20,702,485 $20,892,835 $20,962,191

$6,078,904 $6,198,999 $5,877,417 $6,196,528 $5,765,582 $5,815,799 $5,814,846 $5,775,249

$547,367 $568,181 $539,999 $541,310 $534,273 $527,236 $518,906 $510,577
$160,000 $200,000 $240,000 $280,000 $320,000 $360,000 $400,000 $440,000
$114,922 $248,820 $109,391 $214,449 $326,448 $91,634 $192,024 $290,208
$2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
$4,650,000 $4,650,000 $4,650,000 $4,475,000 $4,475,000 $4,475,000 $4,300,000 $4,300,000

$14,051,194 $14,366,000 $13,916,807 $14,207,287 $13,421,303 $13,269,669 $13,225,776 $13,316,034

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($200,000) ($450,000) ($450,000) ($450,000) ($450,000) ($450,000) ($450,000) ($700,000)
$4,594,863 $4,907,291 $5,162,537 $5,407,673 $5,669,004 $5,882,816 $6,117,060 $6,346,157

$6,394,863 $6,457,291 $6,712,537 $6,957,673 $7,219,004 $7,432,816 $7,667,060 $7,646,157

$20,446,057 $20,823,291 $20,629,344 $21,164,959 $20,640,306 $20,702,485 $20,892,836 $20,962,191

$0 $0 $0 $0 $0 $0 $0 $0

$268,151 $312,428 $255,246 $245,136 $261,331 $213,813 $234,244 $229,097

$18,412 $18,982 $19,528 $20,105 $20,664 $21,250 $20,976 $21,574
($114,032) ($19,514) ($141,148) $185,143 $227,252 ($109,431) ($81,748) ($16,806)
($468,366) ($90,469) $108,014 ($212,668) $152,634 $252,385 $387,365 $34,060
$8,088 ($20,935) $28,347 ($1,318) $7,078 $7,078 $8,378 $8,378
$244,187 $120,095 ($321,582) $319,111 ($430,946) $50,217 ($953) ($39,596)
($8,041) $20,813 ($28,182) $1,311 ($7,037) ($7,037) ($8,330) ($8,330)
$40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000
($199,779) $133,898 ($139,429) $105,058 $111,999 ($234,814) $100,390 $98,184

($211,381) $515,299 ($179,205) $701,876 $382,975 $233,461 $700,323 $366,562

 $0 ($104,772) ($101,153) ($104,056) ($101,356) ($103,796) $0 ($103,950)

$0 ($104,772) ($101,153) ($104,056) ($101,356) ($103,796) $0 ($103,950)

$0 $0 $0 $0 ($500,000) $0 $0 $0
($175,000) $0 $0 ($175,000) $0 $0 ($175,000) $0

($175,000) $0 $0 ($175,000) ($500,000) $0 ($175,000) $0

$0 $0 $0 $0 $0 $0 $0 $0
$0 ($250,000) $0 $0 $0 $0 $0 ($250,000)

$0 ($250,000) $0 $0 $0 $0 $0 ($250,000)
($175,000) ($250,000) $0 ($175,000) ($500,000) $0 ($175,000) ($250,000)

$2,215,584 $1,829,203 $1,989,730 $1,709,372 $2,132,192 $1,913,811 $2,043,476 $2,568,799

($386,381) $160,527 ($280,358) $422,820 ($218,381) $129,665 $525,323 $12,612
$1,829,203 $1,989,730 $1,709,372 $2,132,192 $1,913,811 $2,043,476 $2,568,799 $2,581,411
$0 $0 $0 $0 $0 $0 $0 $0

$3,825,563 $3,971,026 $3,730,684 $3,696,254 $3,691,124 $3,642,509 $3,668,333 $3,609,448

$4,397,198 $4,564,398 $4,338,005 $4,348,534 $4,292,005 $4,235,475 $4,168,560 $4,101,645
$2,926,238 $3,021,888 $2,874,036 $2,884,649 $2,821,999 $2,830,356 $2,769,904 $2,699,711

$3,916,574 $3,936,087 $4,077,235 $3,892,092 $3,664,840 $3,774,271 $3,856,019 $3,872,825

$8,843,508 $8,933,977 $8,825,963 $9,038,630 $8,885,997 $8,633,611 $8,246,246 $8,212,186
$550,572 $571,507 $543,160 $544,478 $537,400 $530,322 $521,944 $513,566
$6,078,904 $6,198,999 $5,877,417 $6,196,528 $5,765,582 $5,815,799 $5,814,846 $5,775,249
$547,367 $568,181 $539,999 $541,310 $534,273 $527,236 $518,906 $510,577

29.9 29.6 30.7 31.2 31.5 31.4 31.1 31.3

89.5 88.0 89.2 91.3 93.6 93.3 93.0 92.1
61.2 60.3 61.2 62.4 63.0 62.3 63.0 62.8
12.5% 12.5% 12.5% 12.5% 12.5% 12.5% 12.5% 12.5%
12.4% 12.4% 12.4% 12.4% 12.4% 12.4% 12.4% 12.4%

$120,000 $160,000 $200,000 $240,000 $280,000 $320,000 $360,000 $400,000

$40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000

$160,000 $200,000 $240,000 $280,000 $320,000 $360,000 $400,000 $440,000

$0 $0 $0 $0 $0 $0 $0 $0

$314,701 $114,922 $248,820 $109,391 $214,449 $326,448 $91,634 $192,024

$114,922 $133,898 $109,391 $105,058 $111,999 $91,634 $100,390 $98,184
($314,701) ($248,820) ($326,448)
 $114,922 $248,820 $109,391 $214,449 $326,448 $91,634 $192,024 $290,208
$0 $0 $0 $0 $0 $0 $0 $0

$5,324,611 $5,306,200 $5,391,990 $5,473,615 $5,557,566 $5,638,258 $5,720,804 $5,699,827

($0) $104,772 $101,153 $104,056 $101,356 $103,796 ($0) $103,950
($18,412) ($18,982) ($19,528) ($20,105) ($20,664) ($21,250) ($20,976) ($21,574)
$5,306,200 $5,391,990 $5,473,615 $5,557,566 $5,638,258 $5,720,804 $5,699,827 $5,782,203
$0 $0 $0 $0 $0 $0 $0 $0

($0) $104,772 $101,153 $104,056 $101,356 $103,796 ($0) $103,950

$0 $0 $0 $0 $0 $0 $0 $0

($0) $104,772 $101,153 $104,056 $101,356 $103,796 ($0) $103,950

$0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0
$18,412 $18,982 $19,528 $20,105 $20,664 $21,250 $20,976 $21,574
$18,412 $18,982 $19,528 $20,105 $20,664 $21,250 $20,976 $21,574
$0 $0 $0 $0 $0 $0 $0 $0

$7,150,000 $7,150,000 $7,150,000 $6,975,000 $6,475,000 $6,475,000 $6,300,000 $6,300,000

$0 $0 $0 $0 $0 $0 $0 $0
0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
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#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
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 Actual Actual Actual Actual Actual Actual Actual Actual
2026 2027 2027 2027 2027 2027 2027 2027
12/31/2026 1/31/2027 2/28/2027 3/31/2027 4/30/2027 5/31/2027 6/30/2027 7/31/2027

$3,915,566 $3,519,341 $3,793,230 $3,894,701 $3,882,946 $4,030,592 $3,786,644 $3,751,698

$533,941 $555,579 $675,239 $567,540 $559,324 $628,974 $551,794 $599,228

$4,449,507 $4,074,920 $4,468,470 $4,462,241 $4,442,270 $4,659,566 $4,338,438 $4,350,926

$2,707,497 $2,491,132 $2,601,922 $2,871,754 $2,748,143 $2,904,409 $2,711,149 $2,726,948

$260,091 $272,819 $336,899 $281,968 $275,476 $316,265 $275,341 $288,056

$2,967,588 $2,763,951 $2,938,821 $3,153,722 $3,023,619 $3,220,673 $2,986,490 $3,015,004

$1,208,069 $1,028,209 $1,191,309 $1,022,947 $1,134,803 $1,126,183 $1,075,495 $1,024,750

$273,849 $282,760 $338,340 $285,572 $283,848 $312,709 $276,453 $311,172

$1,481,918 $1,310,969 $1,529,649 $1,308,519 $1,418,651 $1,438,892 $1,351,948 $1,335,922

30.9% 29.2% 31.4% 26.3% 29.2% 27.9% 28.4% 27.3%
51.3% 50.9% 50.1% 50.3% 50.7% 49.7% 50.1% 51.9%
33.3% 32.2% 34.2% 29.3% 31.9% 30.9% 31.2% 30.7%

$400,000 $420,000 $420,000 $420,000 $420,000 $420,000 $420,000 $420,000

$72,000 $75,600 $75,600 $75,600 $75,600 $75,600 $75,600 $75,600
$40,000 $42,000 $42,000 $42,000 $42,000 $42,000 $42,000 $42,000
$125,000 $130,625 $130,625 $130,625 $130,625 $130,625 $130,625 $130,625
$153,063 $157,485 $187,942 $162,695 $160,339 $178,290 $158,181 $169,858
$46,430 $47,945 $51,273 $50,858 $48,629 $49,499 $48,589 $48,389
$50,000 $52,150 $52,150 $52,150 $52,150 $52,150 $52,150 $52,150
$69,689 $75,493 $72,726 $66,360 $65,932 $66,783 $69,056 $72,939
$16,437 $17,408 $17,128 $17,507 $19,591 $20,384 $19,155 $17,124
$17,801 $15,794 $17,119 $18,686 $17,995 $15,904 $18,138 $16,442
$35,064 $37,662 $37,581 $38,617 $38,052 $39,315 $37,322 $41,488
$36,750 $35,729 $35,729 $32,813 $31,792 $31,792 $31,792 $30,771
$22,132 $22,690 $22,437 $22,190 $21,947 $21,710 $21,477 $22,075

$1,084,366 $1,130,581 $1,162,312 $1,130,100 $1,124,653 $1,144,052 $1,124,085 $1,139,461

$397,552 $180,388 $367,337 $178,419 $293,998 $294,841 $227,863 $196,461

8.9% 4.4% 8.2% 4.0% 6.6% 6.3% 5.3% 4.5%

$119,266 $54,116 $110,201 $53,526 $88,199 $88,452 $68,359 $58,938

$278,287 $126,271 $257,136 $124,893 $205,799 $206,389 $159,504 $137,523

6.3% 3.1% 5.8% 2.8% 4.6% 4.4% 3.7% 3.2%

$278,287 $126,271 $257,136 $124,893 $205,799 $206,389 $159,504 $137,523

 $36,750 $35,729 $35,729 $32,813 $31,792 $31,792 $31,792 $30,771
$119,266 $54,116 $110,201 $53,526 $88,199 $88,452 $68,359 $58,938
$22,132 $22,690 $22,437 $22,190 $21,947 $21,710 $21,477 $22,075
$0 $0 $0 $0 $0 $0 $0 $0
$178,147 $112,535 $168,367 $108,528 $141,938 $141,954 $121,628 $111,784
$456,434 $238,806 $425,503 $233,421 $347,737 $348,342 $281,132 $249,306
10.3% 5.9% 9.5% 5.2% 7.8% 7.5% 6.5% 5.7%
$5,051,190 $4,946,739 $4,949,630 $4,715,431 $4,619,975 $4,461,301 $4,316,560 $4,154,880
9.8% 9.6% 9.5% 9.1% 8.9% 8.6% 8.3% 8.0%

$2,394,398 $1,261,797 $2,058,802 $1,940,300 $1,155,078 $1,275,090 $1,370,204 $1,701,937

$3,968,206 $3,939,223 $3,798,920 $3,834,552 $4,230,184 $4,329,781 $4,274,168 $4,191,968
$8,311,742 $8,758,719 $9,071,172 $9,093,295 $9,155,730 $9,624,112 $9,558,786 $9,563,178
$557,121 $535,107 $563,643 $592,179 $583,606 $605,797 $575,750 $577,147
$5,858,487 $5,933,634 $5,911,197 $5,889,007 $5,867,059 $5,845,350 $5,823,872 $5,900,878

$21,089,955 $20,428,480 $21,403,734 $21,349,333 $20,991,656 $21,680,129 $21,602,780 $21,935,108

$5,902,159 $5,624,657 $6,162,204 $6,359,014 $6,066,706 $6,396,276 $6,255,587 $6,523,065

$553,879 $531,992 $560,363 $588,733 $580,209 $602,271 $572,399 $573,788
$0 $42,000 $84,000 $126,000 $168,000 $210,000 $252,000 $294,000
$409,474 $54,116 $164,317 $217,843 $88,199 $176,652 $68,359 $127,297
$2,000,000 $2,000,000 $2,000,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000
$4,300,000 $4,125,000 $4,125,000 $4,125,000 $3,950,000 $3,950,000 $3,950,000 $3,775,000

$13,165,512 $12,377,765 $13,095,884 $12,916,590 $12,353,115 $12,835,199 $12,598,345 $12,793,151

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($700,000) ($700,000) ($700,000) ($700,000) ($700,000) ($700,000) ($700,000) ($700,000)
$6,624,443 $6,750,715 $7,007,850 $7,132,743 $7,338,542 $7,544,931 $7,704,435 $7,841,958

$7,924,443 $8,050,715 $8,307,850 $8,432,743 $8,638,542 $8,844,931 $9,004,435 $9,141,958

$21,089,955 $20,428,480 $21,403,734 $21,349,333 $20,991,657 $21,680,130 $21,602,780 $21,935,108

$0 $0 $0 $0 $0 $0 $0 $0

$278,287 $126,271 $257,136 $124,893 $205,799 $206,389 $159,504 $137,523

$22,132 $22,690 $22,437 $22,190 $21,947 $21,710 $21,477 $22,075
($95,381) $28,984 $140,302 ($35,631) ($395,632) ($99,597) $55,613 $82,199
($99,555) ($446,977) ($312,453) ($22,123) ($62,435) ($468,383) $65,326 ($4,392)
($43,556) $22,014 ($28,536) ($28,536) $8,573 ($22,191) $30,047 ($1,398)
$126,909 ($277,502) $537,547 $196,810 ($292,308) $329,570 ($140,689) $267,478
$43,302 ($21,886) $28,370 $28,370 ($8,524) $22,062 ($29,873) $1,389
($440,000) $42,000 $42,000 $42,000 $42,000 $42,000 $42,000 $42,000
$119,266 ($355,358) $110,201 $53,526 ($129,643) $88,452 ($108,293) $58,938

($88,597) ($859,765) $797,005 $381,498 ($610,222) $120,012 $95,114 $605,813

 ($98,416) ($97,836) $0 ($0) $0 ($0) ($0) ($99,080)

($98,416) ($97,836) $0 ($0) $0 ($0) ($0) ($99,080)

$0 $0 $0 ($500,000) $0 $0 $0 $0
$0 ($175,000) $0 $0 ($175,000) $0 $0 ($175,000)

$0 ($175,000) $0 ($500,000) ($175,000) $0 $0 ($175,000)

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$0 ($175,000) $0 ($500,000) ($175,000) $0 $0 ($175,000)

$2,581,411 $2,394,398 $1,261,797 $2,058,802 $1,940,300 $1,155,078 $1,275,090 $1,370,204

($187,013) ($1,132,601) $797,005 ($118,502) ($785,222) $120,012 $95,114 $331,733
$2,394,398 $1,261,797 $2,058,802 $1,940,300 $1,155,078 $1,275,090 $1,370,204 $1,701,937
$0 $0 $0 $0 $0 $0 $0 $0

$3,915,566 $3,519,341 $3,793,230 $3,894,701 $3,882,946 $4,030,592 $3,786,644 $3,751,698

$4,449,507 $4,074,920 $4,468,470 $4,462,241 $4,442,270 $4,659,566 $4,338,438 $4,350,926
$2,967,588 $2,763,951 $2,938,821 $3,153,722 $3,023,619 $3,220,673 $2,986,490 $3,015,004

$3,968,206 $3,939,223 $3,798,920 $3,834,552 $4,230,184 $4,329,781 $4,274,168 $4,191,968

$8,311,742 $8,758,719 $9,071,172 $9,093,295 $9,155,730 $9,624,112 $9,558,786 $9,563,178
$557,121 $535,107 $563,643 $592,179 $583,606 $605,797 $575,750 $577,147
$5,902,159 $5,624,657 $6,162,204 $6,359,014 $6,066,706 $6,396,276 $6,255,587 $6,523,065
$553,879 $531,992 $560,363 $588,733 $580,209 $602,271 $572,399 $573,788

31.1 31.9 31.2 31.2 30.7 30.9 32.1 33.1

89.1 89.5 89.1 89.5 89.0 88.4 91.2 92.5
62.2 61.7 60.9 61.1 59.8 59.8 61.1 61.6
12.5% 13.1% 12.6% 13.3% 13.1% 13.0% 13.3% 13.3%
12.4% 13.1% 12.5% 13.2% 13.1% 12.9% 13.2% 13.2%

$440,000 $0 $42,000 $84,000 $126,000 $168,000 $210,000 $252,000

$40,000 $42,000 $42,000 $42,000 $42,000 $42,000 $42,000 $42,000
($480,000)
$0 $42,000 $84,000 $126,000 $168,000 $210,000 $252,000 $294,000
$0 $0 $0 $0 $0 $0 $0 $0

$290,208 $409,474 $54,116 $164,317 $217,843 $88,199 $176,652 $68,359

$119,266 $54,116 $110,201 $53,526 $88,199 $88,452 $68,359 $58,938
($409,474) ($217,843) ($176,652)
 $409,474 $54,116 $164,317 $217,843 $88,199 $176,652 $68,359 $127,297
$0 $0 $0 $0 $0 $0 $0 $0

$5,782,203 $5,858,487 $5,933,634 $5,911,197 $5,889,007 $5,867,059 $5,845,350 $5,823,872

$98,416 $97,836 ($0) $0 ($0) $0 $0 $99,080
($22,132) ($22,690) ($22,437) ($22,190) ($21,947) ($21,710) ($21,477) ($22,075)
$5,858,487 $5,933,634 $5,911,197 $5,889,007 $5,867,059 $5,845,350 $5,823,872 $5,900,878
$0 $0 $0 $0 $0 $0 $0 $0

$98,416 $97,836 ($0) $0 ($0) $0 $0 $99,080

$0 $0 $0 $0 $0 $0 $0 $0

$98,416 $97,836 ($0) $0 ($0) $0 $0 $99,080

$0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0
$22,132 $22,690 $22,437 $22,190 $21,947 $21,710 $21,477 $22,075
$22,132 $22,690 $22,437 $22,190 $21,947 $21,710 $21,477 $22,075
$0 $0 $0 $0 $0 $0 $0 $0

$6,300,000 $6,125,000 $6,125,000 $5,625,000 $5,450,000 $5,450,000 $5,450,000 $5,275,000

$5,051,190 $4,946,739 $4,949,630 $4,715,431 $4,619,975 $4,461,301 $4,316,560 $4,154,880
1.2x 1.2x 1.2x 1.2x 1.2x 1.2x 1.3x 1.3x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
 Actual Actual Actual Actual Actual Forecast Forecast Forecast
2027 2027 2027 2027 2027 2028 2028 2028
8/31/2027 9/30/2027 10/31/2027 11/30/2027 12/31/2027 1/31/2028 2/29/2028 3/31/2028

$3,746,491 $3,697,146 $3,723,358 $3,663,589 $3,974,299 $3,572,131 $3,850,129 $3,953,121

$636,934 $628,545 $618,614 $565,207 $660,307 $666,695 $810,287 $681,048

$4,383,424 $4,325,691 $4,341,972 $4,228,796 $4,634,606 $4,238,826 $4,660,416 $4,634,170

$2,660,562 $2,664,131 $2,622,041 $2,534,300 $2,798,757 $2,500,491 $2,695,090 $2,767,185

$309,522 $308,759 $300,212 $280,595 $318,103 $333,348 $405,144 $340,524

$2,970,084 $2,972,889 $2,922,253 $2,814,895 $3,116,860 $2,833,839 $3,100,234 $3,107,709

$1,085,929 $1,033,015 $1,101,317 $1,129,290 $1,175,542 $1,071,639 $1,155,039 $1,185,936

$327,412 $319,786 $318,402 $284,612 $342,204 $333,348 $405,144 $340,524

$1,413,340 $1,352,801 $1,419,719 $1,413,901 $1,517,746 $1,404,987 $1,560,182 $1,526,461

29.0% 27.9% 29.6% 30.8% 29.6% 30.0% 30.0% 30.0%
51.4% 50.9% 51.5% 50.4% 51.8% 50.0% 50.0% 50.0%
32.2% 31.3% 32.7% 33.4% 32.7% 33.1% 33.5% 32.9%

$420,000 $420,000 $420,000 $420,000 $420,000 $433,333 $433,333 $433,333

$75,600 $75,600 $75,600 $75,600 $75,600 $78,000 $78,000 $78,000
$42,000 $42,000 $42,000 $42,000 $42,000 $43,333 $43,333 $43,333
$130,625 $130,625 $130,625 $130,625 $130,625 $137,156 $137,156 $137,156
$178,796 $176,441 $173,654 $160,214 $185,358 $184,534 $221,822 $190,028
$51,326 $52,998 $49,206 $49,658 $49,309 $51,061 $54,606 $54,164
$52,150 $52,150 $52,150 $52,150 $52,150 $54,497 $54,497 $54,497
$66,237 $71,070 $68,037 $71,256 $75,334 $81,910 $78,908 $72,001
$20,231 $17,007 $16,002 $20,426 $16,979 $18,017 $17,728 $18,120
$18,474 $16,040 $16,308 $18,588 $18,638 $16,584 $17,975 $19,620
$37,982 $42,270 $37,799 $40,424 $37,273 $40,110 $40,024 $41,127
$30,771 $27,854 $26,833 $26,833 $26,833 $26,833 $26,833 $26,833
$22,683 $23,286 $23,071 $23,693 $24,360 $24,560 $24,760 $24,960

$1,146,877 $1,147,343 $1,131,286 $1,131,468 $1,154,458 $1,189,929 $1,228,977 $1,193,172

$266,464 $205,459 $288,433 $282,434 $363,288 $215,057 $331,206 $333,288

6.1% 4.7% 6.6% 6.7% 7.8% 5.1% 7.1% 7.2%

$79,939 $61,638 $86,530 $84,730 $108,986 $64,517 $99,362 $99,987

$186,524 $143,821 $201,903 $197,704 $254,302 $150,540 $231,844 $233,302

4.3% 3.3% 4.7% 4.7% 5.5% 3.6% 5.0% 5.0%

$186,524 $143,821 $201,903 $197,704 $254,302 $150,540 $231,844 $233,302

 $30,771 $27,854 $26,833 $26,833 $26,833 $26,833 $26,833 $26,833
$79,939 $61,638 $86,530 $84,730 $108,986 $64,517 $99,362 $99,987
$22,683 $23,286 $23,071 $23,693 $24,360 $24,560 $24,760 $24,960
$0 $0 $0 $0 $0 $0 $0 $0
$133,393 $112,778 $136,435 $135,256 $160,179 $115,910 $150,955 $151,779
$319,918 $256,599 $338,338 $332,960 $414,481 $266,450 $382,799 $385,081
7.3% 5.9% 7.8% 7.9% 8.9% 6.3% 8.2% 8.3%
$4,043,033 $3,935,165 $3,881,142 $3,828,497 $3,786,543 $3,814,187 $3,771,483 $3,923,143
7.8% 7.5% 7.4% 7.3% 7.2% 7.2% 7.1% 7.4%

$1,471,248 $1,314,360 $1,695,118 $1,940,229 $1,541,938 $1,609,415 $1,403,372 $1,376,861

$3,966,965 $3,832,178 $3,763,834 $3,721,539 $3,784,990 $3,736,673 $4,178,738 $4,550,152
$9,424,047 $9,322,185 $9,127,244 $9,067,457 $9,324,848 $9,118,460 $9,415,286 $9,405,766
$569,644 $562,142 $553,261 $544,379 $590,548 $540,118 $593,837 $590,493
$5,978,067 $6,053,403 $6,030,331 $6,106,504 $6,186,881 $6,222,321 $6,257,561 $6,292,602

$21,409,971 $21,084,268 $21,169,787 $21,380,109 $21,429,206 $21,226,987 $21,848,794 $22,215,874

$5,946,924 $6,088,458 $6,027,373 $5,922,091 $6,023,999 $5,955,411 $6,149,272 $6,143,055

$566,329 $558,870 $550,041 $541,211 $587,111 $536,974 $590,381 $587,056
$336,000 $378,000 $420,000 $462,000 $0 $43,333 $86,667 $130,000
$207,236 $61,638 $148,168 $232,898 $341,884 $64,517 $163,879 $263,865
$1,500,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
$3,775,000 $3,775,000 $3,600,000 $3,600,000 $3,600,000 $3,600,000 $3,600,000 $3,600,000

$12,331,489 $11,861,965 $11,745,581 $11,758,200 $11,552,994 $11,200,235 $11,590,199 $11,723,977

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000)
$8,028,482 $8,172,303 $8,374,206 $8,571,910 $8,826,211 $8,976,752 $9,208,596 $9,441,898

$9,078,482 $9,222,303 $9,424,206 $9,621,910 $9,876,211 $10,026,752 $10,258,596 $10,491,898

$21,409,971 $21,084,269 $21,169,788 $21,380,110 $21,429,206 $21,226,987 $21,848,795 $22,215,874

$0 $0 $0 $0 $0 $0 $0 $0

$186,524 $143,821 $201,903 $197,704 $254,302 $150,540 $231,844 $233,302

$22,683 $23,286 $23,071 $23,693 $24,360 $24,560 $24,760 $24,960
$225,003 $134,786 $68,345 $42,294 ($63,451) $48,317 ($442,065) ($371,414)
$139,131 $101,862 $194,942 $59,787 ($257,391) $206,388 ($296,826) $9,519
$7,503 $7,503 $8,881 $8,881 ($46,169) $50,431 ($53,720) $3,344
($576,141) $141,534 ($61,085) ($105,282) $101,908 ($68,588) $193,862 ($6,217)
($7,459) ($7,459) ($8,829) ($8,829) $45,900 ($50,137) $53,407 ($3,325)
$42,000 $42,000 $42,000 $42,000 ($462,000) $43,333 $43,333 $43,333
$79,939 ($145,599) $86,530 $84,730 $108,986 ($277,367) $99,362 $99,987

$119,183 $441,734 $555,758 $344,977 ($293,555) $127,477 ($146,043) $33,489

 ($99,872) ($98,622) $0 ($99,866) ($104,736) ($60,000) ($60,000) ($60,000)

($99,872) ($98,622) $0 ($99,866) ($104,736) ($60,000) ($60,000) ($60,000)

$0 ($500,000) $0 $0 $0 $0 $0 $0
$0 $0 ($175,000) $0 $0 $0 $0 $0

$0 ($500,000) ($175,000) $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
($250,000) $0 $0 $0 $0 $0 $0 $0

($250,000) $0 $0 $0 $0 $0 $0 $0
($250,000) ($500,000) ($175,000) $0 $0 $0 $0 $0

$1,701,937 $1,471,248 $1,314,360 $1,695,118 $1,940,229 $1,541,938 $1,609,415 $1,403,372

($230,689) ($156,888) $380,758 $245,111 ($398,291) $67,477 ($206,043) ($26,511)
$1,471,248 $1,314,360 $1,695,118 $1,940,229 $1,541,938 $1,609,415 $1,403,372 $1,376,861
$0 $0 $0 $0 $0 $0 $0 $0

$3,746,491 $3,697,146 $3,723,358 $3,663,589 $3,974,299 $3,572,131 $3,850,129 $3,953,121

$4,383,424 $4,325,691 $4,341,972 $4,228,796 $4,634,606 $4,238,826 $4,660,416 $4,634,170
$2,970,084 $2,972,889 $2,922,253 $2,814,895 $3,116,860 $2,833,839 $3,100,234 $3,107,709

$3,966,965 $3,832,178 $3,763,834 $3,721,539 $3,784,990 $3,736,673 $4,178,738 $4,550,152

$9,424,047 $9,322,185 $9,127,244 $9,067,457 $9,324,848 $9,118,460 $9,415,286 $9,405,766
$569,644 $562,142 $553,261 $544,379 $590,548 $540,118 $593,837 $590,493
$5,946,924 $6,088,458 $6,027,373 $5,922,091 $6,023,999 $5,955,411 $6,149,272 $6,143,055
$566,329 $558,870 $550,041 $541,211 $587,111 $536,974 $590,381 $587,056

33.4 32.7 31.7 31.0 29.9 30.0 33.0 36.0

95.7 95.1 95.0 95.4 93.6 93.6 93.6 93.6
63.0 62.3 62.4 62.0 61.1 61.1 61.1 61.1
13.0% 13.0% 12.7% 12.9% 12.7% 12.7% 12.7% 12.7%
12.9% 12.9% 12.7% 12.8% 12.7% 12.7% 12.7% 12.7%

$294,000 $336,000 $378,000 $420,000 $462,000 $0 $43,333 $86,667

$42,000 $42,000 $42,000 $42,000 $42,000 $43,333 $43,333 $43,333
($504,000) $0 $0 $0
$336,000 $378,000 $420,000 $462,000 $0 $43,333 $86,667 $130,000
$0 $0 $0 $0 $0 $0 $0 $0

$127,297 $207,236 $61,638 $148,168 $232,898 $341,884 $64,517 $163,879

$79,939 $61,638 $86,530 $84,730 $108,986 $64,517 $99,362 $99,987
($207,236) ($341,884) $0 $0
 $207,236 $61,638 $148,168 $232,898 $341,884 $64,517 $163,879 $263,865
$0 $0 $0 $0 $0 $0 $0 $0

$5,900,878 $5,978,067 $6,053,403 $6,030,331 $6,106,504 $6,186,881 $6,222,321 $6,257,561

$99,872 $98,622 ($0) $99,866 $104,736 $60,000 $60,000 $60,000
($22,683) ($23,286) ($23,071) ($23,693) ($24,360) ($24,560) ($24,760) ($24,960)
$5,978,067 $6,053,403 $6,030,331 $6,106,504 $6,186,881 $6,222,321 $6,257,561 $6,292,602
$0 $0 $0 $0 $0 $0 $0 $0

$99,872 $98,622 ($0) $99,866 $104,736 $60,000 $60,000 $60,000

$0 $0 $0 $0 $0 $0 $0 $0

$99,872 $98,622 ($0) $99,866 $104,736 $60,000 $60,000 $60,000

$0 $0 $0 $0 $0 $0 $0 $0

$200 $200 $200

$0 $200 $200
$0 $0 $200
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
 $0 $0 $0
$0 $0 $0

$0 $0 $0 $0 $0 $200 $400 $600

$22,683 $23,286 $23,071 $23,693 $24,360 $24,360 $24,360 $24,360
$22,683 $23,286 $23,071 $23,693 $24,360 $24,560 $24,760 $24,960
$0 $0 $0 $0 $0 $0 $0 $0

$1,541,938 $1,609,415 $1,403,372

($500,000) ($500,000) ($500,000)
$127,477 ($146,043) $33,489
($60,000) ($60,000) ($60,000)
$0 $0 $0
$0 $0 $0
$0 $0 $0

$1,109,415 $903,372 $876,861

$0 $0 $0
$67,477 ($206,043) ($26,511)
$1,541,938 $1,609,415 $1,403,372 $1,376,861
0.0% 0.0% 0.0%
$0 $0 $0
=if($ avail to sweep < 0, borrow what I need, else, sweep the

$1,000,000 $1,000,000 $1,000,000

$0 $0 $0
$1,000,000 $1,000,000 $1,000,000 $1,000,000
$5,833 $5,833 $5,833
$5,000,000 $5,000,000 $5,000,000
$0 $0 $0
$0 $0 $0

$3,600,000 $3,600,000 $3,600,000

$0 $0 $0
$0 $0 $0
$0 $0 $0
$3,600,000 $3,600,000 $3,600,000 $3,600,000
$21,000 $21,000 $21,000
$0 $0 $0

$5,275,000 $4,775,000 $4,600,000 $4,600,000 $4,600,000 $4,600,000 $4,600,000 $4,600,000

$4,043,033 $3,935,165 $3,881,142 $3,828,497 $3,786,543 $3,814,187 $3,771,483 $3,923,143
1.3x 1.2x 1.2x 1.2x 1.2x 1.2x 1.2x 1.2x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

$3,814,187 $3,771,483 $3,923,143

 ($562,176) ($622,176) ($682,176)
($943,615) ($943,615) ($943,615)
$2,308,397 $2,205,692 $2,297,353

$1,085,714 $1,085,714 $1,085,714

$360,646 $351,750 $345,771
$1,446,360 $1,437,464 $1,431,485

1.60x 1.53x 1.60x

1.25x 1.25x 1.25x
PASS PASS PASS
$0 $0 $0

#N/A #N/A #N/A #N/A #N/A 1/31/2028 2/29/2028 3/31/2028

#N/A #N/A #N/A #N/A #N/A 1.2x 1.2x 1.2x
#N/A #N/A #N/A #N/A #N/A 2.5x 2.5x 2.5x

#N/A #N/A #N/A #N/A #N/A 1/31/2028 2/29/2028 3/31/2028

#N/A #N/A #N/A #N/A #N/A 1.6x 1.5x 1.6x
#N/A #N/A #N/A #N/A #N/A 1.25x 1.25x 1.25x
 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
2028 2028 2028 2028 2028 2028 2028 2028
4/30/2028 5/31/2028 6/30/2028 7/31/2028 8/31/2028 9/30/2028 10/31/2028 11/30/2028

$3,941,190 $4,091,051 $3,843,444 $3,807,973 $3,802,688 $3,752,603 $3,779,208 $3,718,543

$671,188 $754,769 $662,153 $719,074 $764,320 $754,253 $742,337 $678,248

$4,612,379 $4,845,820 $4,505,597 $4,527,047 $4,567,008 $4,506,857 $4,521,545 $4,396,791

$2,758,833 $2,863,735 $2,690,411 $2,665,581 $2,661,882 $2,626,822 $2,645,446 $2,602,980

$335,594 $377,384 $331,077 $359,537 $382,160 $377,127 $371,169 $339,124

$3,094,427 $3,241,120 $3,021,487 $3,025,118 $3,044,042 $3,003,949 $3,016,614 $2,942,104

$1,182,357 $1,227,315 $1,153,033 $1,142,392 $1,140,806 $1,125,781 $1,133,762 $1,115,563

$335,594 $377,384 $331,077 $359,537 $382,160 $377,127 $371,169 $339,124

$1,517,951 $1,604,700 $1,484,110 $1,501,929 $1,522,967 $1,502,908 $1,504,931 $1,454,687

30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%
32.9% 33.1% 32.9% 33.2% 33.3% 33.3% 33.3% 33.1%

$446,667 $446,667 $453,333 $453,333 $460,000 $460,000 $460,000 $460,000

$80,400 $80,400 $81,600 $81,600 $82,800 $82,800 $82,800 $82,800
$44,667 $44,667 $45,333 $45,333 $46,000 $46,000 $46,000 $46,000
$137,156 $137,156 $137,156 $137,156 $137,156 $137,156 $137,156 $137,156
$187,503 $209,147 $184,755 $198,808 $210,093 $207,326 $204,480 $188,155
$51,790 $52,716 $51,747 $51,534 $54,663 $56,443 $52,404 $52,886
$54,497 $54,497 $54,497 $54,497 $54,497 $54,497 $54,497 $54,497
$71,537 $72,460 $74,926 $79,139 $71,867 $77,111 $73,820 $77,313
$20,277 $21,098 $19,825 $17,723 $20,939 $17,603 $16,562 $21,140
$18,895 $16,699 $19,045 $17,264 $19,398 $16,842 $17,123 $19,518
$40,526 $41,871 $39,748 $44,185 $40,451 $45,018 $40,256 $43,051
$26,833 $30,333 $33,833 $37,418 $40,335 $42,668 $45,001 $47,335
$27,160 $29,360 $31,226 $33,093 $34,626 $36,160 $37,693 $39,226

$1,207,905 $1,237,070 $1,227,026 $1,251,084 $1,272,826 $1,279,623 $1,267,794 $1,269,077

$310,046 $367,630 $257,083 $250,844 $250,141 $223,284 $237,137 $185,610

6.7% 7.6% 5.7% 5.5% 5.5% 5.0% 5.2% 4.2%

$93,014 $110,289 $77,125 $75,253 $75,042 $66,985 $71,141 $55,683

$217,032 $257,341 $179,958 $175,591 $175,099 $156,299 $165,996 $129,927

4.7% 5.3% 4.0% 3.9% 3.8% 3.5% 3.7% 3.0%

$217,032 $257,341 $179,958 $175,591 $175,099 $156,299 $165,996 $129,927

 $26,833 $30,333 $33,833 $37,418 $40,335 $42,668 $45,001 $47,335
$93,014 $110,289 $77,125 $75,253 $75,042 $66,985 $71,141 $55,683
$27,160 $29,360 $31,226 $33,093 $34,626 $36,160 $37,693 $39,226
$0 $0 $0 $0 $0 $0 $0 $0
$147,007 $169,982 $142,185 $145,764 $150,003 $145,813 $153,835 $142,244
$364,039 $427,323 $322,143 $321,355 $325,102 $302,112 $319,832 $272,171
7.9% 8.8% 7.1% 7.1% 7.1% 6.7% 7.1% 6.2%
$3,939,445 $4,018,426 $4,059,436 $4,131,485 $4,136,669 $4,182,182 $4,163,676 $4,102,887
7.4% 7.5% 7.6% 7.7% 7.6% 7.7% 7.6% 7.5%

$801,745 $628,478 $500,000 $860,873 $1,346,907 $1,416,724 $1,694,995 $1,984,780

$5,089,258 $5,593,169 $5,937,842 $5,871,234 $5,727,053 $5,681,633 $5,667,250 $5,625,177
$9,676,845 $9,823,402 $9,733,710 $9,661,610 $9,456,599 $9,438,355 $9,429,509 $9,323,467
$587,716 $617,462 $574,110 $576,843 $581,935 $574,270 $576,142 $560,246
$6,925,442 $7,556,083 $8,084,856 $8,611,763 $9,037,137 $9,460,977 $9,883,284 $10,304,058

$23,081,006 $24,218,594 $24,830,518 $25,582,324 $26,149,631 $26,571,959 $27,251,180 $27,797,729

$6,320,101 $6,415,820 $6,357,240 $6,310,151 $6,176,255 $6,164,339 $6,158,562 $6,089,304

$584,296 $613,868 $570,769 $573,486 $578,548 $570,928 $572,789 $556,985
$174,667 $219,333 $264,667 $310,000 $356,000 $402,000 $448,000 $494,000
$93,014 $203,303 $77,125 $152,378 $227,421 $66,985 $138,127 $193,809
$1,000,000 $1,000,000 $1,114,489 $1,114,489 $1,114,489 $1,114,489 $1,114,489 $1,114,489
$4,200,000 $4,800,000 $5,300,000 $5,800,000 $6,200,000 $6,600,000 $7,000,000 $7,400,000

$12,372,077 $13,252,324 $13,684,290 $14,260,504 $14,652,713 $14,918,742 $15,431,966 $15,848,588

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000)
$9,658,930 $9,916,270 $10,096,229 $10,271,820 $10,446,919 $10,603,218 $10,769,214 $10,899,141

$10,708,930 $10,966,270 $11,146,229 $11,321,820 $11,496,919 $11,653,218 $11,819,214 $11,949,141

$23,081,006 $24,218,594 $24,830,518 $25,582,324 $26,149,631 $26,571,959 $27,251,180 $27,797,729

$0 $0 $0 $0 $0 $0 $0 $0

$217,032 $257,341 $179,958 $175,591 $175,099 $156,299 $165,996 $129,927

$27,160 $29,360 $31,226 $33,093 $34,626 $36,160 $37,693 $39,226
($539,105) ($503,911) ($344,673) $66,608 $144,181 $45,420 $14,383 $42,073
($271,078) ($146,558) $89,693 $72,099 $205,012 $18,244 $8,846 $106,041
$2,777 ($29,745) $43,352 ($2,733) ($5,092) $7,665 ($1,872) $15,896
$177,046 $95,719 ($58,580) ($47,089) ($133,896) ($11,915) ($5,778) ($69,257)
($2,761) $29,572 ($43,099) $2,717 $5,062 ($7,620) $1,861 ($15,804)
$44,667 $44,667 $45,333 $45,333 $46,000 $46,000 $46,000 $46,000
($170,852) $110,289 ($126,178) $75,253 $75,042 ($160,435) $71,141 $55,683

($515,115) ($113,267) ($182,968) $420,873 $546,034 $129,817 $338,271 $349,785

($660,000) ($660,000) ($560,000) ($560,000) ($460,000) ($460,000) ($460,000) ($460,000)

($660,000) ($660,000) ($560,000) ($560,000) ($460,000) ($460,000) ($460,000) ($460,000)

$0 $0 $114,489 $0 $0 $0 $0 $0
$600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $400,000 $400,000

$600,000 $600,000 $614,489 $500,000 $400,000 $400,000 $400,000 $400,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$600,000 $600,000 $614,489 $500,000 $400,000 $400,000 $400,000 $400,000

$1,376,861 $801,745 $628,478 $500,000 $860,873 $1,346,907 $1,416,724 $1,694,995

($575,115) ($173,267) ($128,478) $360,873 $486,034 $69,817 $278,271 $289,785
$801,745 $628,478 $500,000 $860,873 $1,346,907 $1,416,724 $1,694,995 $1,984,780
$0 $0 $0 $0 $0 $0 $0 $0

$3,941,190 $4,091,051 $3,843,444 $3,807,973 $3,802,688 $3,752,603 $3,779,208 $3,718,543

$4,612,379 $4,845,820 $4,505,597 $4,527,047 $4,567,008 $4,506,857 $4,521,545 $4,396,791
$3,094,427 $3,241,120 $3,021,487 $3,025,118 $3,044,042 $3,003,949 $3,016,614 $2,942,104

$5,089,258 $5,593,169 $5,937,842 $5,871,234 $5,727,053 $5,681,633 $5,667,250 $5,625,177

$9,676,845 $9,823,402 $9,733,710 $9,661,610 $9,456,599 $9,438,355 $9,429,509 $9,323,467
$587,716 $617,462 $574,110 $576,843 $581,935 $574,270 $576,142 $560,246
$6,320,101 $6,415,820 $6,357,240 $6,310,151 $6,176,255 $6,164,339 $6,158,562 $6,089,304
$584,296 $613,868 $570,769 $573,486 $578,548 $570,928 $572,789 $556,985

39.0 42.0 45.0 45.0 45.0 45.0 45.0 45.0

93.6 93.6 93.6 93.6 93.6 93.6 93.6 93.6
61.1 61.1 61.1 61.1 61.1 61.1 61.1 61.1
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%

$130,000 $174,667 $219,333 $264,667 $310,000 $356,000 $402,000 $448,000

$44,667 $44,667 $45,333 $45,333 $46,000 $46,000 $46,000 $46,000
$0 $0 $0 $0 $0 $0 $0 $0
$174,667 $219,333 $264,667 $310,000 $356,000 $402,000 $448,000 $494,000
$0 $0 $0 $0 $0 $0 $0 $0

$263,865 $93,014 $203,303 $77,125 $152,378 $227,421 $66,985 $138,127

$93,014 $110,289 $77,125 $75,253 $75,042 $66,985 $71,141 $55,683
($263,865) $0 ($203,303) $0 $0 ($227,421) $0 $0
 $93,014 $203,303 $77,125 $152,378 $227,421 $66,985 $138,127 $193,809
$0 $0 $0 $0 $0 $0 $0 $0

$6,292,602 $6,925,442 $7,556,083 $8,084,856 $8,611,763 $9,037,137 $9,460,977 $9,883,284

$660,000 $660,000 $560,000 $560,000 $460,000 $460,000 $460,000 $460,000
($27,160) ($29,360) ($31,226) ($33,093) ($34,626) ($36,160) ($37,693) ($39,226)
$6,925,442 $7,556,083 $8,084,856 $8,611,763 $9,037,137 $9,460,977 $9,883,284 $10,304,058
$0 $0 $0 $0 $0 $0 $0 $0

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

$600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $400,000 $400,000

$660,000 $660,000 $560,000 $560,000 $460,000 $460,000 $460,000 $460,000

$0 $0 $0 $0 $0 $0 $0 $0

$200 $200 $200 $200 $200 $200 $200 $200

$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$0 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$0 $0 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$0 $0 $0 $1,867 $1,867 $1,867 $1,867 $1,867
$0 $0 $0 $0 $1,533 $1,533 $1,533 $1,533
$0 $0 $0 $0 $0 $1,533 $1,533 $1,533
$0 $0 $0 $0 $0 $0 $1,533 $1,533
$0 $0 $0 $0 $0 $0 $0 $1,533
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$2,800 $5,000 $6,867 $8,733 $10,267 $11,800 $13,333 $14,867

$24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360
$27,160 $29,360 $31,226 $33,093 $34,626 $36,160 $37,693 $39,226
$0 $0 $0 $0 $0 $0 $0 $0

$1,376,861 $801,745 $628,478 $500,000 $860,873 $1,346,907 $1,416,724 $1,694,995

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000)
($515,115) ($113,267) ($182,968) $420,873 $546,034 $129,817 $338,271 $349,785
($660,000) ($660,000) ($560,000) ($560,000) ($460,000) ($460,000) ($460,000) ($460,000)
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $400,000 $400,000

$301,745 $128,478 ($114,489) $360,873 $846,907 $916,724 $1,194,995 $1,484,780

$0 $0 $114,489 $0 $0 $0 $0 $0
($575,115) ($173,267) ($128,478) $360,873 $486,034 $69,817 $278,271 $289,785
$801,745 $628,478 $500,000 $860,873 $1,346,907 $1,416,724 $1,694,995 $1,984,780
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
$0 $0 $0 $0 $0 $0 $0 $0
what I need, else, sweep the larger of what's available or my debt balances)

$1,000,000 $1,000,000 $1,000,000 $1,114,489 $1,114,489 $1,114,489 $1,114,489 $1,114,489

$0 $0 $114,489 $0 $0 $0 $0 $0
$1,000,000 $1,000,000 $1,114,489 $1,114,489 $1,114,489 $1,114,489 $1,114,489 $1,114,489
$5,833 $5,833 $5,833 $6,501 $6,501 $6,501 $6,501 $6,501
$5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$3,600,000 $4,200,000 $4,800,000 $5,300,000 $5,800,000 $6,200,000 $6,600,000 $7,000,000

$0 $0 $0 $0 $0 $0 $0 $0
$600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $400,000 $400,000
$0 $0 $0 $0 $0 $0 $0 $0
$4,200,000 $4,800,000 $5,300,000 $5,800,000 $6,200,000 $6,600,000 $7,000,000 $7,400,000
$21,000 $24,500 $28,000 $30,917 $33,833 $36,167 $38,500 $40,833
$0 $0 $0 $0 $0 $0 $0 $0

$5,200,000 $5,800,000 $6,414,489 $6,914,489 $7,314,489 $7,714,489 $8,114,489 $8,514,489

$3,939,445 $4,018,426 $4,059,436 $4,131,485 $4,136,669 $4,182,182 $4,163,676 $4,102,887
1.3x 1.4x 1.6x 1.7x 1.8x 1.8x 1.9x 2.1x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

$3,939,445 $4,018,426 $4,059,436 $4,131,485 $4,136,669 $4,182,182 $4,163,676 $4,102,887

 ($742,176) ($802,176) ($862,176) ($823,096) ($783,224) ($744,602) ($804,602) ($764,736)
($989,637) ($989,637) ($1,016,289) ($1,016,289) ($1,016,289) ($1,036,473) ($1,036,473) ($1,036,473)
$2,207,632 $2,226,612 $2,180,972 $2,292,101 $2,337,157 $2,401,107 $2,322,601 $2,301,678

$1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714

$340,812 $339,354 $341,396 $348,043 $357,607 $372,420 $390,588 $411,089
$1,426,527 $1,425,068 $1,427,110 $1,433,757 $1,443,321 $1,458,135 $1,476,302 $1,496,804

1.55x 1.56x 1.53x 1.60x 1.62x 1.65x 1.57x 1.54x

1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

4/30/2028 5/31/2028 6/30/2028 7/31/2028 8/31/2028 9/30/2028 10/31/2028 11/30/2028

1.3x 1.4x 1.6x 1.7x 1.8x 1.8x 1.9x 2.1x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x

4/30/2028 5/31/2028 6/30/2028 7/31/2028 8/31/2028 9/30/2028 10/31/2028 11/30/2028

1.5x 1.6x 1.5x 1.6x 1.6x 1.6x 1.6x 1.5x
1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
2028 2029 2029 2029 2029 2029 2029 2029
12/31/2028 1/31/2029 2/28/2029 3/31/2029 4/30/2029 5/31/2029 6/30/2029 7/31/2029

$4,033,914 $3,625,713 $3,907,881 $4,012,418 $4,000,308 $4,152,416 $3,901,095 $3,865,093

$792,368 $800,034 $972,344 $817,258 $805,426 $905,723 $794,584 $862,888

$4,826,282 $4,425,747 $4,880,225 $4,829,676 $4,805,734 $5,058,139 $4,695,679 $4,727,981

$2,823,740 $2,537,999 $2,735,517 $2,808,693 $2,800,216 $2,906,692 $2,730,767 $2,705,565

$396,184 $400,017 $486,172 $408,629 $402,713 $452,861 $397,292 $431,444

$3,219,924 $2,938,016 $3,221,689 $3,217,322 $3,202,929 $3,359,553 $3,128,059 $3,137,009

$1,210,174 $1,087,714 $1,172,364 $1,203,725 $1,200,092 $1,245,725 $1,170,329 $1,159,528

$396,184 $400,017 $486,172 $408,629 $402,713 $452,861 $397,292 $431,444

$1,606,358 $1,487,731 $1,658,536 $1,612,354 $1,602,805 $1,698,586 $1,567,620 $1,590,972

30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%
33.3% 33.6% 34.0% 33.4% 33.4% 33.6% 33.4% 33.7%

$460,000 $473,800 $473,800 $473,800 $473,800 $473,800 $473,800 $473,800

$82,800 $85,284 $85,284 $85,284 $85,284 $85,284 $85,284 $85,284
$46,000 $47,380 $47,380 $47,380 $47,380 $47,380 $47,380 $47,380
$137,156 $144,014 $144,014 $144,014 $144,014 $144,014 $144,014 $144,014
$218,262 $218,137 $262,626 $224,377 $221,358 $247,193 $218,151 $235,048
$52,514 $54,380 $58,156 $57,685 $55,156 $56,143 $55,110 $54,884
$54,497 $56,949 $56,949 $56,949 $56,949 $56,949 $56,949 $56,949
$81,737 $88,872 $85,615 $78,121 $77,617 $78,619 $81,295 $85,866
$17,574 $18,648 $18,348 $18,754 $20,986 $21,836 $20,519 $18,344
$19,570 $17,413 $18,874 $20,601 $19,839 $17,534 $19,997 $18,127
$39,696 $42,717 $42,626 $43,800 $43,160 $44,592 $42,331 $47,057
$49,668 $50,835 $50,835 $44,065 $42,218 $43,328 $42,178 $41,177
$40,093 $40,293 $40,493 $40,693 $40,893 $41,093 $41,293 $41,493

$1,299,565 $1,338,722 $1,384,999 $1,335,523 $1,328,655 $1,357,764 $1,328,303 $1,349,422

$306,793 $149,009 $273,537 $276,832 $274,151 $340,822 $239,317 $241,550

6.4% 3.4% 5.6% 5.7% 5.7% 6.7% 5.1% 5.1%

$92,038 $44,703 $82,061 $83,050 $82,245 $102,247 $71,795 $72,465

$214,755 $104,306 $191,476 $193,782 $191,906 $238,575 $167,522 $169,085

4.4% 2.4% 3.9% 4.0% 4.0% 4.7% 3.6% 3.6%

$214,755 $104,306 $191,476 $193,782 $191,906 $238,575 $167,522 $169,085

 $49,668 $50,835 $50,835 $44,065 $42,218 $43,328 $42,178 $41,177
$92,038 $44,703 $82,061 $83,050 $82,245 $102,247 $71,795 $72,465
$40,093 $40,293 $40,493 $40,693 $40,893 $41,093 $41,293 $41,493
$0 $0 $0 $0 $0 $0 $0 $0
$181,799 $135,830 $173,389 $167,807 $165,356 $186,667 $155,266 $155,135
$396,554 $240,136 $364,865 $361,590 $357,262 $425,243 $322,788 $324,220
8.2% 5.4% 7.5% 7.5% 7.4% 8.4% 6.9% 6.9%
$4,084,960 $4,058,645 $4,040,712 $4,017,220 $4,010,443 $4,008,363 $4,009,008 $4,011,872
7.4% 7.4% 7.3% 7.2% 7.2% 7.2% 7.2% 7.1%

$1,558,758 $1,554,999 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

$5,765,833 $5,689,085 $5,783,754 $5,773,006 $5,960,304 $6,082,571 $6,026,910 $5,959,302
$9,548,136 $9,466,374 $9,757,213 $9,754,506 $10,030,083 $10,173,497 $10,080,641 $10,012,068
$614,972 $563,935 $621,846 $615,405 $612,354 $644,516 $598,330 $602,446
$10,523,965 $10,543,672 $10,563,179 $10,582,486 $10,601,593 $10,620,500 $10,639,207 $10,657,714

$28,011,664 $27,818,065 $27,225,992 $27,225,403 $27,704,334 $28,021,085 $27,845,089 $27,731,531

$6,236,039 $6,182,639 $6,372,591 $6,370,823 $6,550,807 $6,644,472 $6,583,826 $6,539,040

$611,393 $560,653 $618,226 $611,823 $608,790 $640,765 $594,848 $598,940
$0 $47,380 $94,760 $142,140 $189,520 $236,900 $284,280 $331,660
$285,847 $44,703 $126,764 $209,813 $82,245 $184,492 $71,795 $144,260
$1,114,489 $1,114,489 $0 $0 $461,691 $264,599 $92,960 $2,596
$7,600,000 $7,600,000 $7,553,973 $7,237,344 $6,965,915 $6,965,915 $6,965,915 $6,694,487

$15,847,769 $15,549,864 $14,766,314 $14,571,943 $14,858,969 $14,937,144 $14,593,626 $14,310,983

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000)
$11,113,896 $11,218,202 $11,409,678 $11,603,460 $11,795,366 $12,033,941 $12,201,463 $12,370,548

$12,163,896 $12,268,202 $12,459,678 $12,653,460 $12,845,366 $13,083,941 $13,251,463 $13,420,548

$28,011,664 $27,818,065 $27,225,992 $27,225,403 $27,704,334 $28,021,085 $27,845,089 $27,731,531

$0 $0 $0 $0 $0 $0 $0 $0

$214,755 $104,306 $191,476 $193,782 $191,906 $238,575 $167,522 $169,085

$40,093 $40,293 $40,493 $40,693 $40,893 $41,093 $41,293 $41,493
($140,655) $76,748 ($94,669) $10,748 ($187,298) ($122,268) $55,661 $67,608
($224,669) $81,762 ($290,840) $2,707 ($275,577) ($143,414) $92,856 $68,573
($54,726) $51,037 ($57,910) $6,441 $3,051 ($32,162) $46,185 ($4,116)
$146,735 ($53,400) $189,952 ($1,768) $179,984 $93,666 ($60,646) ($44,786)
$54,408 ($50,740) $57,573 ($6,404) ($3,033) $31,975 ($45,916) $4,092
($494,000) $47,380 $47,380 $47,380 $47,380 $47,380 $47,380 $47,380
$92,038 ($241,145) $82,061 $83,050 ($127,568) $102,247 ($112,697) $72,465

($366,022) $56,241 $165,517 $376,629 ($130,263) $257,092 $231,639 $421,793

($260,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)

($260,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)

$0 $0 ($1,114,489) $0 $461,691 ($197,092) ($171,639) ($90,365)

$200,000 $0 ($46,027) ($316,629) ($271,429) $0 $0 ($271,429)

$200,000 $0 ($1,160,516) ($316,629) $190,263 ($197,092) ($171,639) ($361,793)

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$200,000 $0 ($1,160,516) ($316,629) $190,263 ($197,092) ($171,639) ($361,793)

$1,984,780 $1,558,758 $1,554,999 $500,000 $500,000 $500,000 $500,000 $500,000

($426,022) ($3,759) ($1,054,999) $0 $0 $0 $0 $0
$1,558,758 $1,554,999 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
$0 $0 $0 $0 $0 $0 $0 $0

$4,033,914 $3,625,713 $3,907,881 $4,012,418 $4,000,308 $4,152,416 $3,901,095 $3,865,093

$4,826,282 $4,425,747 $4,880,225 $4,829,676 $4,805,734 $5,058,139 $4,695,679 $4,727,981
$3,219,924 $2,938,016 $3,221,689 $3,217,322 $3,202,929 $3,359,553 $3,128,059 $3,137,009

$5,765,833 $5,689,085 $5,783,754 $5,773,006 $5,960,304 $6,082,571 $6,026,910 $5,959,302

$9,548,136 $9,466,374 $9,757,213 $9,754,506 $10,030,083 $10,173,497 $10,080,641 $10,012,068
$614,972 $563,935 $621,846 $615,405 $612,354 $644,516 $598,330 $602,446
$6,236,039 $6,182,639 $6,372,591 $6,370,823 $6,550,807 $6,644,472 $6,583,826 $6,539,040
$611,393 $560,653 $618,226 $611,823 $608,790 $640,765 $594,848 $598,940

45.0 45.0 45.0 45.0 45.0 45.0 45.0 45.0

93.6 93.6 93.6 93.6 93.6 93.6 93.6 93.6
61.1 61.1 61.1 61.1 61.1 61.1 61.1 61.1
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%

$494,000 $0 $47,380 $94,760 $142,140 $189,520 $236,900 $284,280

$46,000 $47,380 $47,380 $47,380 $47,380 $47,380 $47,380 $47,380
($540,000) $0 $0 $0 $0 $0 $0 $0
$0 $47,380 $94,760 $142,140 $189,520 $236,900 $284,280 $331,660
$0 $0 $0 $0 $0 $0 $0 $0

$193,809 $285,847 $44,703 $126,764 $209,813 $82,245 $184,492 $71,795

$92,038 $44,703 $82,061 $83,050 $82,245 $102,247 $71,795 $72,465
$0 ($285,847) $0 $0 ($209,813) $0 ($184,492) $0
 $285,847 $44,703 $126,764 $209,813 $82,245 $184,492 $71,795 $144,260
$0 $0 $0 $0 $0 $0 $0 $0

$10,304,058 $10,523,965 $10,543,672 $10,563,179 $10,582,486 $10,601,593 $10,620,500 $10,639,207

$260,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000
($40,093) ($40,293) ($40,493) ($40,693) ($40,893) ($41,093) ($41,293) ($41,493)
$10,523,965 $10,543,672 $10,563,179 $10,582,486 $10,601,593 $10,620,500 $10,639,207 $10,657,714
$0 $0 $0 $0 $0 $0 $0 $0

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

$200,000 $0 $0 $0 $0 $0 $0 $0

$260,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

$0 ($0) ($0) ($0) ($0) ($0) ($0) ($0)

$200 $200 $200 $200 $200 $200 $200 $200

$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$867 $867 $867 $867 $867 $867 $867 $867
$0 $200 $200 $200 $200 $200 $200 $200
$0 $0 $200 $200 $200 $200 $200 $200
$0 $0 $0 $200 $200 $200 $200 $200
$0 $0 $0 $0 $200 $200 $200 $200
$0 $0 $0 $0 $0 $200 $200 $200
$0 $0 $0 $0 $0 $0 $200 $200
$0 $0 $0 $0 $0 $0 $0 $200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$15,733 $15,933 $16,133 $16,333 $16,533 $16,733 $16,933 $17,133

$24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360
$40,093 $40,293 $40,493 $40,693 $40,893 $41,093 $41,293 $41,493
$0 $0 $0 $0 $0 $0 $0 $0

$1,984,780 $1,558,758 $1,554,999 $500,000 $500,000 $500,000 $500,000 $500,000

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000)
($366,022) $56,241 $165,517 $376,629 ($130,263) $257,092 $231,639 $421,793
($260,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 ($271,429) $0 $0 ($271,429)
$200,000 $0 $0 $0 $0 $0 $0 $0

$1,058,758 $1,054,999 $1,160,516 $316,629 ($461,691) $197,092 $171,639 $90,365

$0 $0 ($1,160,516) ($316,629) $461,691 ($197,092) ($171,639) ($90,365)
($426,022) ($3,759) ($1,054,999) ($0) $0 $0 $0 $0
$1,558,758 $1,554,999 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
0.0% 0.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
$0 $0 $0 $0 $0 $0 $0 $0

$1,114,489 $1,114,489 $1,114,489 $0 $0 $461,691 $264,599 $92,960

$0 $0 ($1,114,489) $0 $461,691 ($197,092) ($171,639) ($90,365)
$1,114,489 $1,114,489 $0 $0 $461,691 $264,599 $92,960 $2,596
$6,501 $6,501 $6,501 $0 $0 $2,693 $1,543 $542
$5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$7,400,000 $7,600,000 $7,600,000 $7,553,973 $7,237,344 $6,965,915 $6,965,915 $6,965,915

$0 $0 $0 $0 ($271,429) $0 $0 ($271,429)
$200,000 $0 $0 $0 $0 $0 $0 $0
$0 $0 ($46,027) ($316,629) $0 $0 $0 $0
$7,600,000 $7,600,000 $7,553,973 $7,237,344 $6,965,915 $6,965,915 $6,965,915 $6,694,487
$43,167 $44,333 $44,333 $44,065 $42,218 $40,635 $40,635 $40,635
$0 $0 $0 $0 $0 $0 $0 $0

$8,714,489 $8,714,489 $7,553,973 $7,237,344 $7,427,607 $7,230,515 $7,058,876 $6,697,082

$4,084,960 $4,058,645 $4,040,712 $4,017,220 $4,010,443 $4,008,363 $4,009,008 $4,011,872
2.1x 2.1x 1.9x 1.8x 1.9x 1.8x 1.8x 1.7x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.0x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

$4,084,960 $4,058,645 $4,040,712 $4,017,220 $4,010,443 $4,008,363 $4,009,008 $4,011,872

 ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000)
($1,036,473) ($980,436) ($980,436) ($980,436) ($926,384) ($926,384) ($907,573) ($907,573)
$2,328,487 $2,358,209 $2,340,276 $2,316,784 $2,364,059 $2,361,979 $2,381,435 $2,384,299

$1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714

$433,924 $457,925 $481,926 $499,158 $514,542 $527,537 $535,881 $539,640
$1,519,638 $1,543,639 $1,567,640 $1,584,872 $1,600,256 $1,613,251 $1,621,596 $1,625,354

1.53x 1.53x 1.49x 1.46x 1.48x 1.46x 1.47x 1.47x

1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

12/31/2028 1/31/2029 2/28/2029 3/31/2029 4/30/2029 5/31/2029 6/30/2029 7/31/2029

2.1x 2.1x 1.9x 1.8x 1.9x 1.8x 1.8x 1.7x
2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.5x 2.0x

12/31/2028 1/31/2029 2/28/2029 3/31/2029 4/30/2029 5/31/2029 6/30/2029 7/31/2029

1.5x 1.5x 1.5x 1.5x 1.5x 1.5x 1.5x 1.5x
1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
2029 2029 2029 2029 2029 2030 2030 2030
8/31/2029 9/30/2029 10/31/2029 11/30/2029 12/31/2029 1/31/2030 2/28/2030 3/31/2030

$3,859,729 $3,808,892 $3,835,896 $3,774,321 $4,094,422 $3,680,098 $3,966,499 $4,072,604

$917,184 $905,104 $890,805 $813,898 $950,842 $960,041 $1,166,813 $980,710

$4,776,913 $4,713,997 $4,726,701 $4,588,219 $5,045,264 $4,640,139 $5,133,312 $5,053,314

$2,701,810 $2,666,225 $2,685,127 $2,642,025 $2,866,096 $2,576,069 $2,776,549 $2,850,823

$458,592 $452,552 $445,402 $406,949 $475,421 $480,020 $583,407 $490,355

$3,160,402 $3,118,777 $3,130,530 $3,048,974 $3,341,517 $3,056,089 $3,359,956 $3,341,178

$1,157,919 $1,142,668 $1,150,769 $1,132,296 $1,228,327 $1,104,030 $1,189,950 $1,221,781

$458,592 $452,552 $445,402 $406,949 $475,421 $480,020 $583,407 $490,355

$1,616,511 $1,595,220 $1,596,171 $1,539,245 $1,703,748 $1,584,050 $1,773,356 $1,712,136

30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%
33.8% 33.8% 33.8% 33.5% 33.8% 34.1% 34.5% 33.9%

$473,800 $473,800 $473,800 $473,800 $473,800 $488,014 $488,014 $488,014

$85,284 $85,284 $85,284 $85,284 $85,284 $87,843 $87,843 $87,843
$47,380 $47,380 $47,380 $47,380 $47,380 $48,801 $48,801 $48,801
$144,014 $144,014 $144,014 $144,014 $144,014 $151,215 $151,215 $151,215
$248,595 $245,320 $241,881 $222,346 $258,183 $258,411 $311,536 $265,540
$58,216 $60,112 $55,810 $56,323 $55,927 $57,915 $61,936 $61,434
$56,949 $56,949 $56,949 $56,949 $56,949 $59,512 $59,512 $59,512
$77,976 $83,666 $80,095 $83,885 $88,685 $96,426 $92,893 $84,761
$21,672 $18,219 $17,142 $21,880 $18,189 $19,301 $18,990 $19,411
$20,368 $17,684 $17,980 $20,494 $20,548 $18,284 $19,818 $21,631
$43,080 $47,944 $42,873 $45,850 $42,276 $45,494 $45,396 $46,647
$39,066 $36,117 $35,569 $33,809 $31,957 $34,431 $34,420 $33,644
$41,693 $41,893 $42,093 $42,293 $42,493 $42,693 $42,893 $43,093

$1,358,093 $1,358,381 $1,340,870 $1,334,307 $1,365,684 $1,408,338 $1,463,267 $1,411,546

$258,417 $236,838 $255,301 $204,938 $338,064 $175,712 $310,090 $300,590

5.4% 5.0% 5.4% 4.5% 6.7% 3.8% 6.0% 5.9%

$77,525 $71,052 $76,590 $61,481 $101,419 $52,714 $93,027 $90,177

$180,892 $165,787 $178,711 $143,457 $236,645 $122,998 $217,063 $210,413

3.8% 3.5% 3.8% 3.1% 4.7% 2.7% 4.2% 4.2%

$180,892 $165,787 $178,711 $143,457 $236,645 $122,998 $217,063 $210,413

 $39,066 $36,117 $35,569 $33,809 $31,957 $34,431 $34,420 $33,644
$77,525 $71,052 $76,590 $61,481 $101,419 $52,714 $93,027 $90,177
$41,693 $41,893 $42,093 $42,293 $42,493 $42,693 $42,893 $43,093
$0 $0 $0 $0 $0 $0 $0 $0
$158,284 $149,061 $154,253 $137,584 $175,869 $129,837 $170,340 $166,914
$339,177 $314,848 $332,964 $281,040 $412,513 $252,835 $387,403 $377,327
7.1% 6.7% 7.0% 6.1% 8.2% 5.4% 7.5% 7.5%
$4,025,947 $4,038,683 $4,051,816 $4,060,685 $4,076,645 $4,089,344 $4,111,882 $4,127,619
7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1%

$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

$5,812,959 $5,766,857 $5,752,259 $5,709,555 $5,852,320 $5,774,421 $5,870,510 $5,859,601
$9,804,900 $9,795,245 $9,788,504 $9,672,590 $9,904,297 $9,826,860 $10,150,361 $10,150,008
$608,681 $600,664 $602,283 $584,638 $642,875 $591,253 $654,094 $643,901
$10,676,021 $10,694,128 $10,712,035 $10,729,743 $10,747,250 $10,764,557 $10,781,664 $10,798,571

$27,402,562 $27,356,895 $27,355,082 $27,196,525 $27,646,741 $27,457,091 $27,956,629 $27,952,081

$6,403,736 $6,397,430 $6,393,027 $6,317,322 $6,468,653 $6,418,078 $6,629,362 $6,629,131

$605,139 $597,169 $598,778 $581,235 $639,134 $587,812 $650,288 $640,153
$379,040 $426,420 $473,800 $521,180 $0 $48,801 $97,603 $146,404
$221,785 $71,052 $147,642 $209,123 $310,542 $52,714 $145,741 $235,918
$0 $0 $0 $0 $424,103 $693,806 $560,694 $217,119
$6,191,421 $6,097,598 $5,795,896 $5,478,270 $5,478,270 $5,206,842 $5,206,842 $5,206,842

$13,801,121 $13,589,668 $13,409,144 $13,107,131 $13,320,702 $13,008,053 $13,290,528 $13,075,568

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000)
$12,551,440 $12,717,227 $12,895,938 $13,039,395 $13,276,039 $13,399,038 $13,616,100 $13,826,513

$13,601,440 $13,767,227 $13,945,938 $14,089,395 $14,326,039 $14,449,038 $14,666,100 $14,876,513

$27,402,562 $27,356,895 $27,355,082 $27,196,526 $27,646,742 $27,457,091 $27,956,629 $27,952,081

$0 $0 $0 $0 $0 $0 $0 $0

$180,892 $165,787 $178,711 $143,457 $236,645 $122,998 $217,063 $210,413

$41,693 $41,893 $42,093 $42,293 $42,493 $42,693 $42,893 $43,093
$146,344 $46,101 $14,598 $42,704 ($142,765) $77,899 ($96,089) $10,909
$207,168 $9,655 $6,740 $115,914 ($231,706) $77,437 ($323,501) $352
($6,235) $8,017 ($1,619) $17,646 ($58,237) $51,622 ($62,841) $10,194
($135,304) ($6,306) ($4,402) ($75,705) $151,331 ($50,575) $211,284 ($230)
$6,199 ($7,970) $1,609 ($17,543) $57,898 ($51,321) $62,475 ($10,134)
$47,380 $47,380 $47,380 $47,380 ($521,180) $48,801 $48,801 $48,801
$77,525 ($150,734) $76,590 $61,481 $101,419 ($257,829) $93,027 $90,177

$565,661 $153,823 $361,702 $377,626 ($364,103) $61,725 $193,112 $403,575

 ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)

($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)

($2,596) $0 $0 $0 $424,103 $269,704 ($133,112) ($343,575)

($503,066) ($93,823) ($301,702) ($317,626) $0 ($271,429) $0 $0

($505,661) ($93,823) ($301,702) ($317,626) $424,103 ($1,725) ($133,112) ($343,575)

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
($505,661) ($93,823) ($301,702) ($317,626) $424,103 ($1,725) ($133,112) ($343,575)

$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

$0 $0 $0 $0 $0 ($0) $0 $0
$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
$0 $0 $0 $0 $0 $0 $0 $0

$3,859,729 $3,808,892 $3,835,896 $3,774,321 $4,094,422 $3,680,098 $3,966,499 $4,072,604

$4,776,913 $4,713,997 $4,726,701 $4,588,219 $5,045,264 $4,640,139 $5,133,312 $5,053,314
$3,160,402 $3,118,777 $3,130,530 $3,048,974 $3,341,517 $3,056,089 $3,359,956 $3,341,178

$5,812,959 $5,766,857 $5,752,259 $5,709,555 $5,852,320 $5,774,421 $5,870,510 $5,859,601

$9,804,900 $9,795,245 $9,788,504 $9,672,590 $9,904,297 $9,826,860 $10,150,361 $10,150,008
$608,681 $600,664 $602,283 $584,638 $642,875 $591,253 $654,094 $643,901
$6,403,736 $6,397,430 $6,393,027 $6,317,322 $6,468,653 $6,418,078 $6,629,362 $6,629,131
$605,139 $597,169 $598,778 $581,235 $639,134 $587,812 $650,288 $640,153

45.0 45.0 45.0 45.0 45.0 45.0 45.0 45.0

93.6 93.6 93.6 93.6 93.6 93.6 93.6 93.6
61.1 61.1 61.1 61.1 61.1 61.1 61.1 61.1
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%

$331,660 $379,040 $426,420 $473,800 $521,180 $0 $48,801 $97,603

$47,380 $47,380 $47,380 $47,380 $47,380 $48,801 $48,801 $48,801
$0 $0 $0 $0 ($568,560) $0 $0 $0
$379,040 $426,420 $473,800 $521,180 $0 $48,801 $97,603 $146,404
$0 $0 $0 $0 $0 $0 $0 $0

$144,260 $221,785 $71,052 $147,642 $209,123 $310,542 $52,714 $145,741

$77,525 $71,052 $76,590 $61,481 $101,419 $52,714 $93,027 $90,177
$0 ($221,785) $0 $0 $0 ($310,542) $0 $0
 $221,785 $71,052 $147,642 $209,123 $310,542 $52,714 $145,741 $235,918
$0 $0 $0 $0 $0 $0 $0 $0

$10,657,714 $10,676,021 $10,694,128 $10,712,035 $10,729,743 $10,747,250 $10,764,557 $10,781,664

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000
($41,693) ($41,893) ($42,093) ($42,293) ($42,493) ($42,693) ($42,893) ($43,093)
$10,676,021 $10,694,128 $10,712,035 $10,729,743 $10,747,250 $10,764,557 $10,781,664 $10,798,571
$0 $0 $0 $0 $0 $0 $0 $0

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

$0 $0 $0 $0 $0 $0 $0 $0

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)

$200 $200 $200 $200 $200 $200 $200 $200

$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$867 $867 $867 $867 $867 $867 $867 $867
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$0 $200 $200 $200 $200 $200 $200 $200
$0 $0 $200 $200 $200 $200 $200 $200
$0 $0 $0 $200 $200 $200 $200 $200
$0 $0 $0 $0 $200 $200 $200 $200
$0 $0 $0 $0 $0 $200 $200 $200
$0 $0 $0 $0 $0 $0 $200 $200
$0 $0 $0 $0 $0 $0 $0 $200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$17,333 $17,533 $17,733 $17,933 $18,133 $18,333 $18,533 $18,733

$24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360
$41,693 $41,893 $42,093 $42,293 $42,493 $42,693 $42,893 $43,093
$0 $0 $0 $0 $0 $0 $0 $0

$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000)
$565,661 $153,823 $361,702 $377,626 ($364,103) $61,725 $193,112 $403,575
($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 ($271,429) $0 $0 ($271,429) $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$505,661 $93,823 $30,273 $317,626 ($424,103) ($269,704) $133,112 $343,575

($505,661) ($93,823) ($30,273) ($317,626) $424,103 $269,704 ($133,112) ($343,575)
$0 $0 $0 $0 $0 $0 $0 $0
$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
$0 $0 $0 $0 $0 $0 $0 $0

$2,596 $0 $0 $0 $0 $424,103 $693,806 $560,694

($2,596) $0 $0 $0 $424,103 $269,704 ($133,112) ($343,575)
$0 $0 $0 $0 $424,103 $693,806 $560,694 $217,119
$15 $0 $0 $0 $0 $2,474 $4,047 $3,271
$5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$6,694,487 $6,191,421 $6,097,598 $5,795,896 $5,478,270 $5,478,270 $5,206,842 $5,206,842

$0 $0 ($271,429) $0 $0 ($271,429) $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
($503,066) ($93,823) ($30,273) ($317,626) $0 $0 $0 $0
$6,191,421 $6,097,598 $5,795,896 $5,478,270 $5,478,270 $5,206,842 $5,206,842 $5,206,842
$39,051 $36,117 $35,569 $33,809 $31,957 $31,957 $30,373 $30,373
$0 $0 $0 $0 $0 $0 $0 $0

$6,191,421 $6,097,598 $5,795,896 $5,478,270 $5,902,373 $5,900,648 $5,767,536 $5,423,961

$4,025,947 $4,038,683 $4,051,816 $4,060,685 $4,076,645 $4,089,344 $4,111,882 $4,127,619
1.5x 1.5x 1.4x 1.3x 1.4x 1.4x 1.4x 1.3x
2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

$4,025,947 $4,038,683 $4,051,816 $4,060,685 $4,076,645 $4,089,344 $4,111,882 $4,127,619

 ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000)
($907,573) ($901,938) ($901,938) ($901,938) ($901,938) ($926,633) ($926,633) ($926,633)
$2,398,374 $2,416,746 $2,429,878 $2,438,747 $2,454,707 $2,442,711 $2,465,249 $2,480,987

$1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714

$538,372 $531,821 $522,389 $508,864 $491,152 $474,748 $458,334 $447,913
$1,624,086 $1,617,535 $1,608,103 $1,594,578 $1,576,867 $1,560,463 $1,544,049 $1,533,628

1.48x 1.49x 1.51x 1.53x 1.56x 1.57x 1.60x 1.62x

1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

8/31/2029 9/30/2029 10/31/2029 11/30/2029 12/31/2029 1/31/2030 2/28/2030 3/31/2030

1.5x 1.5x 1.4x 1.3x 1.4x 1.4x 1.4x 1.3x
2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x

8/31/2029 9/30/2029 10/31/2029 11/30/2029 12/31/2029 1/31/2030 2/28/2030 3/31/2030

1.5x 1.5x 1.5x 1.5x 1.6x 1.6x 1.6x 1.6x
1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
2030 2030 2030 2030 2030 2030 2030 2030
4/30/2030 5/31/2030 6/30/2030 7/31/2030 8/31/2030 9/30/2030 10/31/2030 11/30/2030

$4,060,313 $4,214,703 $3,959,612 $3,923,069 $3,917,625 $3,866,026 $3,893,435 $3,830,936

$966,511 $1,086,867 $953,500 $1,035,466 $1,100,621 $1,086,125 $1,068,966 $976,677

$5,026,824 $5,301,570 $4,913,112 $4,958,535 $5,018,246 $4,952,151 $4,962,400 $4,807,613

$2,842,219 $2,950,292 $2,771,728 $2,746,149 $2,742,337 $2,706,218 $2,725,404 $2,681,655

$483,256 $543,434 $476,750 $517,733 $550,311 $543,062 $534,483 $488,339

$3,325,475 $3,493,725 $3,248,479 $3,263,882 $3,292,648 $3,249,281 $3,259,887 $3,169,994

$1,218,094 $1,264,411 $1,187,884 $1,176,921 $1,175,287 $1,159,808 $1,168,030 $1,149,281

$483,256 $543,434 $476,750 $517,733 $550,311 $543,062 $534,483 $488,339

$1,701,349 $1,807,844 $1,664,634 $1,694,654 $1,725,598 $1,702,870 $1,702,513 $1,637,619

30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%
33.8% 34.1% 33.9% 34.2% 34.4% 34.4% 34.3% 34.1%

$488,014 $488,014 $488,014 $488,014 $488,014 $488,014 $488,014 $488,014

$87,843 $87,843 $87,843 $87,843 $87,843 $87,843 $87,843 $87,843
$48,801 $48,801 $48,801 $48,801 $48,801 $48,801 $48,801 $48,801
$151,215 $151,215 $151,215 $151,215 $151,215 $151,215 $151,215 $151,215
$261,929 $292,790 $258,173 $278,482 $294,743 $290,861 $286,709 $263,324
$58,741 $59,792 $58,693 $58,451 $62,000 $64,019 $59,438 $59,984
$59,512 $59,512 $59,512 $59,512 $59,512 $59,512 $59,512 $59,512
$84,215 $85,301 $88,205 $93,165 $84,604 $90,777 $86,903 $91,015
$21,721 $22,600 $21,237 $18,986 $22,431 $18,856 $17,742 $22,646
$20,831 $18,411 $20,997 $19,034 $21,386 $18,568 $18,879 $21,518
$45,965 $47,491 $45,083 $50,115 $45,880 $51,060 $45,660 $48,830
$31,640 $32,768 $31,430 $30,355 $28,078 $24,923 $24,344 $22,405
$43,293 $43,493 $43,693 $43,893 $44,093 $44,293 $44,493 $44,693

$1,403,720 $1,438,031 $1,402,895 $1,427,865 $1,438,600 $1,438,743 $1,419,551 $1,409,800

$297,630 $369,813 $261,738 $266,789 $286,998 $264,128 $282,962 $227,819

5.9% 7.0% 5.3% 5.4% 5.7% 5.3% 5.7% 4.7%

$89,289 $110,944 $78,521 $80,037 $86,099 $79,238 $84,889 $68,346

$208,341 $258,869 $183,217 $186,752 $200,898 $184,889 $198,073 $159,474

4.1% 4.9% 3.7% 3.8% 4.0% 3.7% 4.0% 3.3%

$208,341 $258,869 $183,217 $186,752 $200,898 $184,889 $198,073 $159,474

 $31,640 $32,768 $31,430 $30,355 $28,078 $24,923 $24,344 $22,405
$89,289 $110,944 $78,521 $80,037 $86,099 $79,238 $84,889 $68,346
$43,293 $43,493 $43,693 $43,893 $44,093 $44,293 $44,493 $44,693
$0 $0 $0 $0 $0 $0 $0 $0
$164,222 $187,205 $153,644 $154,284 $158,270 $148,454 $153,726 $135,444
$372,562 $446,075 $336,861 $341,037 $359,169 $333,343 $351,799 $294,917
7.4% 8.4% 6.9% 6.9% 7.2% 6.7% 7.1% 6.1%
$4,142,920 $4,163,752 $4,177,825 $4,194,642 $4,214,634 $4,233,129 $4,251,964 $4,265,841
7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1%

$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

$6,049,708 $6,173,810 $6,117,314 $6,048,692 $5,900,153 $5,853,360 $5,838,543 $5,795,198
$10,430,238 $10,569,392 $10,472,961 $10,408,889 $10,199,717 $10,200,551 $10,196,396 $10,068,804
$640,525 $675,534 $626,036 $631,824 $639,432 $631,010 $632,316 $612,593
$10,815,278 $10,831,785 $10,848,092 $10,864,199 $10,880,106 $10,895,813 $10,911,320 $10,926,627

$28,435,749 $28,750,521 $28,564,403 $28,453,604 $28,119,408 $28,080,734 $28,078,575 $27,903,223

$6,812,154 $6,903,038 $6,840,057 $6,798,210 $6,661,597 $6,662,142 $6,659,428 $6,576,096

$636,798 $671,602 $622,393 $628,147 $635,711 $627,338 $628,636 $609,028
$195,206 $244,007 $292,808 $341,610 $390,411 $439,213 $488,014 $536,815
$89,289 $200,233 $78,521 $158,558 $244,657 $79,238 $164,127 $232,473
$682,036 $452,504 $268,270 $149,402 $0 $0 $0 $0
$4,935,413 $4,935,413 $4,935,413 $4,663,985 $4,272,441 $4,173,324 $3,840,817 $3,491,784

$13,350,895 $13,406,798 $13,037,463 $12,739,911 $12,204,817 $11,981,254 $11,781,022 $11,446,196

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000) ($950,000)
$14,034,854 $14,293,723 $14,476,940 $14,663,692 $14,864,591 $15,049,480 $15,247,553 $15,407,027

$15,084,854 $15,343,723 $15,526,940 $15,713,692 $15,914,591 $16,099,480 $16,297,553 $16,457,027

$28,435,749 $28,750,521 $28,564,403 $28,453,604 $28,119,408 $28,080,734 $28,078,575 $27,903,223

$0 $0 $0 $0 $0 $0 $0 $0

$208,341 $258,869 $183,217 $186,752 $200,898 $184,889 $198,073 $159,474

$43,293 $43,493 $43,693 $43,893 $44,093 $44,293 $44,493 $44,693
($190,107) ($124,102) $56,496 $68,622 $148,539 $46,793 $14,817 $43,344
($280,230) ($139,154) $96,431 $64,072 $209,172 ($834) $4,155 $127,591
$3,375 ($35,009) $49,498 ($5,788) ($7,608) $8,422 ($1,306) $19,723
$183,022 $90,884 ($62,981) ($41,847) ($136,614) $545 ($2,714) ($83,332)
($3,356) $34,805 ($49,210) $5,754 $7,564 ($8,373) $1,298 ($19,608)
$48,801 $48,801 $48,801 $48,801 $48,801 $48,801 $48,801 $48,801
($146,629) $110,944 ($121,711) $80,037 $86,099 ($165,419) $84,889 $68,346

($133,488) $289,531 $244,235 $450,297 $600,945 $159,117 $392,507 $409,032

 ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)

($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)

$464,917 ($229,531) ($184,235) ($118,868) ($149,402) $0 $0 $0

($271,429) $0 $0 ($271,429) ($391,544) ($99,117) ($332,507) ($349,032)

$193,488 ($229,531) ($184,235) ($390,297) ($540,945) ($99,117) ($332,507) ($349,032)

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$193,488 ($229,531) ($184,235) ($390,297) ($540,945) ($99,117) ($332,507) ($349,032)

$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

$0 $0 $0 $0 $0 $0 $0 $0
$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
$0 $0 $0 $0 $0 $0 $0 $0

$4,060,313 $4,214,703 $3,959,612 $3,923,069 $3,917,625 $3,866,026 $3,893,435 $3,830,936

$5,026,824 $5,301,570 $4,913,112 $4,958,535 $5,018,246 $4,952,151 $4,962,400 $4,807,613
$3,325,475 $3,493,725 $3,248,479 $3,263,882 $3,292,648 $3,249,281 $3,259,887 $3,169,994

$6,049,708 $6,173,810 $6,117,314 $6,048,692 $5,900,153 $5,853,360 $5,838,543 $5,795,198

$10,430,238 $10,569,392 $10,472,961 $10,408,889 $10,199,717 $10,200,551 $10,196,396 $10,068,804
$640,525 $675,534 $626,036 $631,824 $639,432 $631,010 $632,316 $612,593
$6,812,154 $6,903,038 $6,840,057 $6,798,210 $6,661,597 $6,662,142 $6,659,428 $6,576,096
$636,798 $671,602 $622,393 $628,147 $635,711 $627,338 $628,636 $609,028

45.0 45.0 45.0 45.0 45.0 45.0 45.0 45.0

93.6 93.6 93.6 93.6 93.6 93.6 93.6 93.6
61.1 61.1 61.1 61.1 61.1 61.1 61.1 61.1
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%
12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7% 12.7%

$146,404 $195,206 $244,007 $292,808 $341,610 $390,411 $439,213 $488,014

$48,801 $48,801 $48,801 $48,801 $48,801 $48,801 $48,801 $48,801
$0 $0 $0 $0 $0 $0 $0 $0
$195,206 $244,007 $292,808 $341,610 $390,411 $439,213 $488,014 $536,815
$0 $0 $0 $0 $0 $0 $0 $0

$235,918 $89,289 $200,233 $78,521 $158,558 $244,657 $79,238 $164,127

$89,289 $110,944 $78,521 $80,037 $86,099 $79,238 $84,889 $68,346
($235,918) $0 ($200,233) $0 $0 ($244,657) $0 $0
 $89,289 $200,233 $78,521 $158,558 $244,657 $79,238 $164,127 $232,473
$0 $0 $0 $0 $0 $0 $0 $0

$10,798,571 $10,815,278 $10,831,785 $10,848,092 $10,864,199 $10,880,106 $10,895,813 $10,911,320

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000
($43,293) ($43,493) ($43,693) ($43,893) ($44,093) ($44,293) ($44,493) ($44,693)
$10,815,278 $10,831,785 $10,848,092 $10,864,199 $10,880,106 $10,895,813 $10,911,320 $10,926,627
$0 $0 $0 $0 $0 $0 $0 $0

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

$0 $0 $0 $0 $0 $0 $0 $0

$60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000

($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)

$200 $200 $200 $200 $200 $200 $200 $200

$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200 $2,200
$1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867 $1,867
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533 $1,533
$867 $867 $867 $867 $867 $867 $867 $867
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$200 $200 $200 $200 $200 $200 $200 $200
$0 $200 $200 $200 $200 $200 $200 $200
$0 $0 $200 $200 $200 $200 $200 $200
$0 $0 $0 $200 $200 $200 $200 $200
$0 $0 $0 $0 $200 $200 $200 $200
$0 $0 $0 $0 $0 $200 $200 $200
$0 $0 $0 $0 $0 $0 $200 $200
 $0 $0 $0 $0 $0 $0 $0 $200
$0 $0 $0 $0 $0 $0 $0 $0

$18,933 $19,133 $19,333 $19,533 $19,733 $19,933 $20,133 $20,333

$24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360 $24,360
$43,293 $43,493 $43,693 $43,893 $44,093 $44,293 $44,493 $44,693
$0 $0 $0 $0 $0 $0 $0 $0

$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($500,000)
($133,488) $289,531 $244,235 $450,297 $600,945 $159,117 $392,507 $409,032
($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000) ($60,000)
$0 $0 $0 $0 $0 $0 $0 $0
($271,429) $0 $0 ($271,429) $0 $0 ($271,429) $0
$0 $0 $0 $0 $0 $0 $0 $0

($464,917) $229,531 $184,235 $118,868 $540,945 $99,117 $61,079 $349,032

$464,917 ($229,531) ($184,235) ($118,868) ($540,945) ($99,117) ($61,079) ($349,032)
$0 $0 $0 $0 $0 $0 $0 $0
$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
$0 $0 $0 $0 $0 $0 $0 $0

$217,119 $682,036 $452,504 $268,270 $149,402 $0 $0 $0

$464,917 ($229,531) ($184,235) ($118,868) ($149,402) $0 $0 $0
$682,036 $452,504 $268,270 $149,402 $0 $0 $0 $0
$1,267 $3,979 $2,640 $1,565 $872 $0 $0 $0
$5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$5,206,842 $4,935,413 $4,935,413 $4,935,413 $4,663,985 $4,272,441 $4,173,324 $3,840,817

($271,429) $0 $0 ($271,429) $0 $0 ($271,429) $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 ($391,544) ($99,117) ($61,079) ($349,032)
$4,935,413 $4,935,413 $4,935,413 $4,663,985 $4,272,441 $4,173,324 $3,840,817 $3,491,784
$30,373 $28,790 $28,790 $28,790 $27,207 $24,923 $24,344 $22,405
$0 $0 $0 $0 $0 $0 $0 $0

$5,617,449 $5,387,918 $5,203,683 $4,813,386 $4,272,441 $4,173,324 $3,840,817 $3,491,784

$4,142,920 $4,163,752 $4,177,825 $4,194,642 $4,214,634 $4,233,129 $4,251,964 $4,265,841
1.4x 1.3x 1.2x 1.1x 1.0x 1.0x 0.9x 0.8x
2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

$4,142,920 $4,163,752 $4,177,825 $4,194,642 $4,214,634 $4,233,129 $4,251,964 $4,265,841

 ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000) ($720,000)
($952,737) ($952,737) ($968,478) ($968,478) ($968,478) ($991,350) ($991,350) ($991,350)
$2,470,183 $2,491,015 $2,489,346 $2,506,163 $2,526,155 $2,521,779 $2,540,614 $2,554,491

$1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714 $1,085,714

$437,335 $426,776 $416,028 $405,206 $394,217 $383,023 $371,799 $360,394
$1,523,050 $1,512,490 $1,501,742 $1,490,920 $1,479,932 $1,468,738 $1,457,513 $1,446,108

1.62x 1.65x 1.66x 1.68x 1.71x 1.72x 1.74x 1.77x

1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
PASS PASS PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0 $0 $0

4/30/2030 5/31/2030 6/30/2030 7/31/2030 8/31/2030 9/30/2030 10/31/2030 11/30/2030

1.4x 1.3x 1.2x 1.1x 1.0x 1.0x 0.9x 0.8x
2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x 2.0x

4/30/2030 5/31/2030 6/30/2030 7/31/2030 8/31/2030 9/30/2030 10/31/2030 11/30/2030

1.6x 1.6x 1.7x 1.7x 1.7x 1.7x 1.7x 1.8x
1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x 1.25x
 Annual Totals
Forecast Actual Actual Forecast Forecast Forecast
2030 2026 2027 2028 2029 2030
12/31/2030 12/31/2026 12/31/2027 12/31/2028 12/31/2029 12/31/2030
Placeholder

$4,155,839 $44,792,153 $45,464,035 $46,145,996 $46,838,186 $47,540,759

$1,141,010 $6,843,536 $7,247,284 $8,696,741 $10,436,090 $12,523,308

$5,296,849 $51,635,689 $52,711,320 $54,842,737 $57,274,276 $60,064,066

$2,909,087 $30,871,212 $32,335,248 $32,302,197 $32,786,730 $33,278,531

$570,505 $3,344,551 $3,564,015 $4,348,371 $5,218,045 $6,261,654

$3,479,592 $34,215,763 $35,899,263 $36,650,568 $38,004,775 $39,540,185

$1,246,752 $13,920,942 $13,128,787 $13,843,799 $14,051,456 $14,262,228

$570,505 $3,498,984 $3,683,270 $4,348,371 $5,218,045 $6,261,654

$1,817,257 $17,419,926 $16,812,057 $18,192,169 $19,269,501 $20,523,881

30.0% 31.1% 28.9% 30.0% 30.0% 30.0%
50.0% 51.1% 50.8% 50.0% 50.0% 50.0%
34.3% 33.7% 31.9% 33.2% 33.6% 34.2%

$488,014 $4,800,000 $5,040,000 $5,400,000 $5,685,600 $5,856,168

$87,843 $864,000 $907,200 $972,000 $1,023,408 $1,054,110
$48,801 $480,000 $504,000 $540,000 $568,560 $585,617
$151,215 $1,500,000 $1,567,500 $1,645,875 $1,728,169 $1,814,577
$306,032 $1,934,845 $2,049,254 $2,404,915 $2,843,213 $3,368,531
$59,562 $562,786 $597,679 $636,528 $677,902 $721,966
$59,512 $600,000 $625,800 $653,961 $683,389 $714,142
$96,223 $778,192 $841,226 $912,730 $990,312 $1,074,488
$18,825 $211,949 $218,943 $226,606 $234,538 $242,746
$21,575 $198,784 $208,127 $218,533 $229,460 $240,933
$45,024 $438,180 $465,785 $496,061 $528,305 $562,645
$20,369 $479,792 $369,542 $433,924 $491,152 $348,806
$44,893 $239,923 $271,619 $382,916 $496,716 $525,516

$1,447,888 $13,088,450 $13,666,674 $14,924,049 $16,180,724 $17,110,245

$369,369 $4,331,476 $3,145,383 $3,268,120 $3,088,777 $3,413,637

7.0% 8.4% 6.0% 6.0% 5.4% 5.7%

$110,811 $1,299,443 $943,615 $980,436 $926,633 $1,024,091

$258,558 $3,032,033 $2,201,768 $2,287,684 $2,162,144 $2,389,546

4.9% 5.9% 4.2% 4.2% 3.8% 4.0%

$258,558 $3,032,033 $2,201,768 $2,287,684 $2,162,144 $2,389,546

 $20,369 $479,792 $369,542 $433,924 $491,152 $348,806
$110,811 $1,299,443 $943,615 $980,436 $926,633 $1,024,091
$44,893 $239,923 $271,619 $382,916 $496,716 $525,516
$0 $0 $0 $0 $0 $0
$176,072 $2,019,157 $1,584,775 $1,797,275 $1,914,501 $1,898,413
$434,630 $5,051,190 $3,786,543 $4,084,960 $4,076,645 $4,287,958
8.2% 9.8% 7.2% 7.4% 7.1% 7.1%
$4,287,958 $5,051,190 $3,786,543 $4,084,960 $4,076,645 $4,287,958
7.1% 9.8% 7.2% 7.4% 7.1% 7.1%

$500,000 $2,394,398 $1,541,938 $1,558,758 $500,000 $500,000

$5,940,105 $3,968,206 $3,784,990 $5,765,833 $5,852,320 $5,940,105
$10,308,387 $8,311,742 $9,324,848 $9,548,136 $9,904,297 $10,308,387
$674,932 $557,121 $590,548 $614,972 $642,875 $674,932
$10,941,734 $5,858,487 $6,186,881 $10,523,965 $10,747,250 $10,941,734

$28,365,158 $21,089,955 $21,429,206 $28,011,664 $27,646,741 $28,365,158

$6,732,571 $5,902,159 $6,023,999 $6,236,039 $6,468,653 $6,732,571

$671,004 $553,879 $587,111 $611,393 $639,134 $671,004
$0 $0 $0 $0 $0 $0
$343,283 $409,474 $341,884 $285,847 $310,542 $343,283
$410,931 $2,000,000 $1,000,000 $1,114,489 $424,103 $410,931
$3,491,784 $4,300,000 $3,600,000 $7,600,000 $5,478,270 $3,491,784

$11,649,574 $13,165,512 $11,552,994 $15,847,769 $13,320,702 $11,649,574

$2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000

($950,000) ($700,000) ($950,000) ($950,000) ($950,000) ($950,000)
$15,665,585 $6,624,443 $8,826,211 $11,113,896 $13,276,039 $15,665,585

$16,715,585 $7,924,443 $9,876,211 $12,163,896 $14,326,039 $16,715,585

$28,365,159 $21,089,955 $21,429,206 $28,011,664 $27,646,742 $28,365,159

$0 $0 $0 $0 $0 $0

$258,558 $2,201,768 $2,287,684 $2,162,144 $2,389,546

$44,893 $271,619 $382,916 $496,716 $525,516
($144,906) $183,216 ($1,980,842) ($86,487) ($87,785)
($239,583) ($1,013,106) ($223,288) ($356,161) ($404,091)
($62,339) ($33,427) ($24,424) ($27,903) ($32,057)
$156,475 $121,840 $212,040 $232,614 $263,918
$61,976 $33,233 $24,281 $27,741 $31,871
($536,815) $0 $0 $0 $0
$110,811 ($67,590) ($56,037) $24,695 $32,741

($350,931) $1,697,552 $622,331 $2,473,358 $2,719,658

 ($60,000) ($600,012) ($4,720,000) ($720,000) ($720,000)

($60,000) ($600,012) ($4,720,000) ($720,000) ($720,000)

$410,931 ($1,000,000) $114,489 ($690,387) ($13,172)

$0 ($700,000) $4,000,000 ($2,121,730) ($1,986,486)

$410,931 ($1,700,000) $4,114,489 ($2,812,116) ($1,999,658)

$0 $0 $0 $0 $0
$0 ($250,000) $0 $0 $0

$0 ($250,000) $0 $0 $0
$410,931 ($1,950,000) $4,114,489 ($2,812,116) ($1,999,658)

$500,000 $2,394,398 $1,541,938 $1,558,758 $500,000

$0 ($852,460) $16,820 ($1,058,758) $0
$500,000 $2,394,398 $1,541,938 $1,558,758 $500,000 $500,000
$0 $0 $0 $0 $0 $0

$4,155,839
$5,296,849
$3,479,592

$5,940,105
$10,308,387
$674,932
$6,732,571
$671,004

45.0
93.6
61.1
12.7%
12.7%

$536,815
$48,801
($585,617)
$0
$0

$232,473
$110,811
$0
 $343,283
$0

$10,926,627
$60,000
($44,893)
$10,941,734
$0

$60,000
$0

$60,000
($0)

$200
$200
$200
$2,200
$2,200
$1,867
$1,867
$1,533
$1,533
$1,533
$1,533
$867
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
 $200
$200

$20,533
$24,360
$44,893
$0

$500,000
($500,000)
($350,931)
($60,000)
$0
$0
$0

($410,931)
$410,931
$0
$500,000
100.0%
$0

$0
$410,931
$410,931
$0
$5,000,000
$0
$0

$3,491,784
$0
$0
$0
$3,491,784
$20,369
$0

$3,902,715 $6,300,000 $4,600,000 $8,714,489 $5,902,373 $3,902,715

$4,287,958 $5,051,190 $3,786,543 $4,084,960 $4,076,645 $4,287,958
0.9x 1.2x 1.2x 2.1x 1.4x 0.9x
2.0x 2.5x 2.5x 2.5x 2.0x 2.0x
PASS PASS PASS PASS PASS PASS
$0 $0 $0 $0 $0 $0

$4,287,958 $0 $0 $4,084,960 $4,076,645 $4,287,958

 ($720,000) $0 $0 ($720,000) ($720,000) ($720,000)
($991,350) $0 $0 ($1,036,473) ($901,938) ($991,350)
$2,576,608 $0 $0 $2,328,487 $2,454,707 $2,576,608

$1,085,714 $0 $0 $1,085,714 $1,085,714 $1,085,714

$348,806 $0 $0 $433,924 $491,152 $348,806
$1,434,520 $0 $0 $1,519,638 $1,576,867 $1,434,520

1.80x 0.00x 0.00x 1.53x 1.56x 1.80x

1.25x 0.00x 0.00x 1.25x 1.25x 1.25x
PASS 0.0x 0.0x PASS PASS PASS
$0 $0 $0 $0 $0 $0

12/31/2030
0.9x
2.0x

12/31/2030
1.8x
1.25x
 Year over Year Growth
Actual Forecast Forecast Forecast
2027 2028 2029 2030
12/31/2027 12/31/2028 12/31/2029 12/31/2030

1.5% 1.5% 1.5% 1.5%

5.9% 20.0% 20.0% 20.0%

2.1% 4.0% 4.4% 4.9%

4.7% -0.1% 1.5% 1.5%

6.6% 22.0% 20.0% 20.0%

4.9% 2.1% 3.7% 4.0%

-5.7% 5.4% 1.5% 1.5%

5.3% 18.1% 20.0% 20.0%

-3.5% 8.2% 5.9% 6.5%

5.0% 7.1% 5.3% 3.0%

5.0% 7.1% 5.3% 3.0%
5.0% 7.1% 5.3% 3.0%
4.5% 5.0% 5.0% 5.0%
5.9% 17.4% 18.2% 18.5%
6.2% 6.5% 6.5% 6.5%
4.3% 4.5% 4.5% 4.5%
8.1% 8.5% 8.5% 8.5%
3.3% 3.5% 3.5% 3.5%
4.7% 5.0% 5.0% 5.0%
6.3% 6.5% 6.5% 6.5%
-23.0% 17.4% 13.2% -29.0%
13.2% 41.0% 29.7% 5.8%

4.4% 9.2% 8.4% 5.7%

-27.4% 3.9% -5.5% 10.5%

-27.4% 3.9% -5.5% 10.5%

-27.4% 3.9% -5.5% 10.5%

-27.4% 3.9% -5.5% 10.5%

-23.0% 17.4% 13.2% -29.0%
-27.4% 3.9% -5.5% 10.5%
13.2% 41.0% 29.7% 5.8%
0.0% 0.0% 0.0% 0.0%
-21.5% 13.4% 6.5% -0.8%
-25.0% 7.9% -0.2% 5.2%

-25.0% 7.9% -0.2% 5.2%

-35.6% 1.1% -67.9% 0.0%

-4.6% 52.3% 1.5% 1.5%
12.2% 2.4% 3.7% 4.1%
6.0% 4.1% 4.5% 5.0%
5.6% 70.1% 2.1% 1.8%

1.6% 30.7% -1.3% 2.6%

2.1% 3.5% 3.7% 4.1%

6.0% 4.1% 4.5% 5.0%
0.0% 0.0% 0.0% 0.0%
-16.5% -16.4% 8.6% 10.5%
-50.0% 11.4% -61.9% -3.1%
-16.3% 111.1% -27.9% -36.3%

-12.2% 37.2% -15.9% -12.5%

0.0% 0.0% 0.0% 0.0%

35.7% 0.0% 0.0% 0.0%
33.2% 25.9% 19.5% 18.0%

24.6% 23.2% 17.8% 16.7%

1.6% 30.7% -1.3% 2.6%

0.0% 0.0% 0.0% 0.0%
Email to CFO

Hi [CFO],

Hope all is well, I've assembled the model and here are my initial findings

Punchline: Given our current assumptions, I believe we can pursue this capital project
and stay in covenant compliance

This I'd like to discuss:

1. Changing online growth from 20% to 5% puts us out of compliance, so I'd like to
explore a price/volume mix analysis to ensure we can manage the unit volume,
validate demanda, and validate (or modify) our base case 20% growth assumption.

2. I'd like to performe a COGS analysis for both segments to ensure comfort with our
gross margins, as dropping the online margin from 50% to 40% also puts us out of
compliance.

From there, we can work our way down the P&L and Balance Sheet as needed, but
let's start by validating our key drivers

I've attached a one-page output of the model and am happy to walk through the
monthly details as needed.

Please let me know your thoughts when you have the chance.

Thanks,
Gonzalo