MDD Resolution No. 498 RESOLUTION NO. 498
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE
ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2025, AND ENDING
SEPTEMBER 30, 2026; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT:
Section 1: That the budget estimate of the revenues of the Baytown Municipal
Development District and the expenses of conducting the affairs thereof for the ensuing fiscal year,
beginning October 1, 2025, and ending September 30, 2026, as finally submitted to the Board of
Directors by the General Manager of said District, is hereby adopted and approved as the budget
estimate of all the current expenses, as well as the fixed charges against said District for the fiscal
year beginning October 1, 2025, and ending September 30, 2026. A copy of the budget is attached
hereto as Exhibit "A" and incorporated herein for all intents and purposes.
Section 2: This resolution shall take effect immediately from and after its passage by the
Board of Directors of the Baytown Municipal Development District.
INTRODUCED, READ, and PASSED by the affirmative vote of the Board of Directors
of the Baytown Municipal Development District this the 24`I' day of July, 2025.
CH RLES Oresident
ATTEST-
ANGEL ACKS e etar
111IJ IN
it
APPROVED A TO FORM:
SCOTT LE OND, General Counsel
R:Ordinances and Resolutions Resolution Drafts MDD-2025-07-24 Resolution Adopt FY2025-26 Budget-SL.docx
EXHIBIT "A"
AYTOWN
MUNICIPAL
DEVELOPMENT DISTRICT
FOR THE PERIOD ENDING SEPTEMBER 30, 2026
PROPOSED BUDGET
FY2026 PROPOSED BUDGET
MUNICIPAL
DEVELOPMENT
DISTRICT
Overview
Objective:
The Baytown Municipal Development District (MDD)
seeks to facilitate economic growth and enhance the
quality of life for the City of Baytown. In doing so, the
MDD may help develop and finance any permissible a
project as defined in Chapter 377 of the Texas Local
Government Code that benefits, strengthens and
diversifies the economic base of Baytown. The MDD
BAYTOWN
jurisdiction includes the City of Baytown and its 17.TWA soft
extraterritorial jurisdiction.
Duties:
. Provide strategic direction concerning development projects and ensure financial
accountability for MDD funds
. Promote the retention and expansion of existing businesses for a sustainable
economy that leads to primary job creation, and provide opportunity for new
business development
. Position Baytown as an attractive destination for visitors and further cultivate a
desirable community for residents to live, work and play
. Facilitate infrastructure projects and strategic investments that will enhance the
quality of life and sense of place needed to foster sustainable and quality
development
FY2026 PROPOSED BUDGET
MUNICIPAL DEVELOPMENT
DISTRICT
The Board
On May 5, 2001, in the general election, the citizens of the City of Baytown voted to
authorize the creation of the Baytown Municipal Development District (MDD) and the
imposition of a sales and use tax at the rate of one-half of one percent for the purpose of
financing economic development and parks projects that provide economic benefit,
diversify the economic base of the community and improve our quality of life,
The board is comprised of the Mayor and six Council members.
MUNICIPAL f -
Laura Alvarado,
Vtce Presaenl
DEWCOPMENT
DISTROT Sarah Graha rn,
Dlrector
BOA"OF DIRECTORS
am
AL
Charles Johnson, Anger Jackson,
PYesldenl � Secretary
® Mlke Lester,
Ouectar
Kentlr Ck Gnfl4h,
Dlrector
James Franco.
tie
Dlrector
On October 26, 2023, the MDD board voted to create the Baytown Economic
Development Advisory Committee to assist in the conduct of the operation of the City
government and work with City economic development staff to identify and review
opportunities that will grow and enhance the qualify of life for the City of Baytown, but not
limited to, reviewing Business Improvement Grants and making recommendations to the
City Council. The committee is comprised of seven citizen members appointed by
Council.
- - F'Y2026 PROPOSED BUDGET
BUDGET
EXECUTIVE SUMMARY
The FY2025-26 Proposed Budget for the Municipal Development District (MDD) reflects a
strategic allocation of resources aimed at supporting economic development, enhancing
community amenities, and fulfilling long-term debt obligations. The total projected revenue
for FY26 is $9.23 million, while total expenditures are budgeted at $9.19 million, resulting
in an ending working capital of$2.33 million.
Revenues
Projected revenues for FY2025-26 total $9,228,367, which includes-
Sales Tax: $9.27 million, the primary revenue source, shows a continued upward trend
with a 5% increase from FY24 adopted
Rebates: An offset of$160,000 in obligations tied to agreements.
Investment interest. $122,055, slightly up from FY24 estimated.
. Miscellaneous- No anticipated miscellaneous revenues for FY26.
Expenditures
Total proposed expenditures are $9.193,145 distributed across five primary categories:
Economic Development Operating Expenses — $315,245
Key Economic Development Programs and Initiatives include:
o Hotel/Convention Center operations, $2.26 million
o Support for the Economic Development Foundation (EDF): $350,000
o Legal services: $150.000
• Business recruitment and retention: $100,000
• Baytown Voice Magazine and other outreach: $60,000
IMBAYTOWN
FY2026 PROPOSED BUDGET
BUDGET
EXECUTIVE SUMMARY
Non Operating Expenses & Working Capital
. Debt Service — $5.38 million. This covers multiple obligations including:
o Convention Center Series 2021C: $1.89 million
o Hotel Series 2021AIB: $1.90 million
o NE Wastewater Treatment Plant share- $871,663
o Aquatics Master Plan & Pirates Bay Expansion: $720,937 combined
Transfers — $550,000. This transfer to the General Fund reflects the expanded
administrative and operational responsibilities associated with MDD-funded initiatives.
Ending Working Capital: $2.33 million - The MDD maintains a healthy fund balance
that supports sustainability and flexibility for future economic development efforts.
.*Fi y •5 --1 - Iln
'�
FY2026 PROPOSED BUDGET
MUNICIPAL DEVELOPMENT DISTRICT(MDD)PROGRAM FUND 3300
FY2025-26 BUDGET SUMMARY
11' 1' .1141•I 1 1 1 1 .1
Reverau
Sales Tay S 8.7-32.995 S 8.778,656 5 8.985.452 5 9.266.312
Rebates 159.839) i 152.862; (150.000) :160.000)
Investment Interest 138.812 153.977 119.661 122.055
Miscellaneous 350.000 - 155.336 -
Total Revanws 9.061.968 8.7-.9771 9110.449 9,2-78.367
l•;xpendltutrs
F.-roncxnk-Development
Economic Development Department 233.241 3L),216 225.873 315.245
Legal Services - 150.000 150.000 150.000
Development of New.Expansion of
F-"sting Rusinesses and Industry 234.279 200.000 200.000 100.000
Economic Development F--ititdation i E:DD 419537 350.000 350.000 350.000
Economic Incentive-HER - 150.001) - -
Hotel Convention Center Operations 1.760.331 I.W. .000 1.930.000 2255.001)
Property•a,cgtiisition - - - -
Fcont.nvc Incentive-110 Propertvc,rotip 21.000
BIStreSS Improvement Grant Program 4BIGj - 60.000 350.000 -
7.enC;ty• 10.001)
Raytown Voice Maj anne K250 60.000 60.000 60 000
Total Fmmrdc Development 2-As6 638 3 5;2 216 3,265.873 3 261245
1 tatter 3,Setrer f injects
Cost Share w Developers to I psize Utilities 42.402 - - -
Total Water&Sewer Projects 42,402 - - -
Fgrks F;cgecfs
Parks Projeds 183.832
Total Parks Projects 183.832 -
lkN Sett-lee
.NF.MV Treatment Plant 6W,.of 201.4.2015
&2016 GO Reftindingsl %).902 973.066 9-3.066 871.6M.3
.aquaria.Master Plan Consntiction 397.w25 39-.S25 397.825 386.4511
Pirates Bav Waterpark F-xpwsion 336.074 33607t) 336.070 334.48e
Convention Center Debt Service-Series 2021C 2.10.1.094 1 402 401) 1.402.4+Ji) 1.888.400
Hotel Debt Service-Series 2021� R 294.172 1.901.725 2 288.052 1.901.000
Total Debt Servi(r 4.092,064 5.011.086 5.397.413 5.381.999
Transfers
Project Administration&Overhead-GF 300.000 300,000 300.001) 55t3.0130
Total Trandiers 3rjsl.i)r�t► 300.000 301l.000 S50.000
bwonk'enrt'
1 nforeseen New Initiativ{s - 240.000 - -
Total C, ::. ,6� 1 - 240.000 - -
Total MDD F-qx diiwm -1.2S4.936 9.113.302 8.M163 286 4.193 2.45
Revenues OverlUnder� 1.7t,.032 33353L 1.4-..16.4 35.1?'
Reommg Worbng Capital 370.131 2,147.163 2.147.163 2.-N 4326
1Fndatg Wo&N Cap" S 2,4F im S 1,813;6,32 S Z29413M S ZIM448
PY2026 PROPOSED BUDGET
DEBT SERVICE
For the year ending September 30, 2026
B ITOWN\fI11CIP_ L DFl-EI.OP1g:NT DISTRI(T
.a.\NUM,REQUIRE.lfE\T TO XNIORIFUE BONDED DEBT ASSIGNED
Amount of Outstanding Requirements for 2025-26
obligntion Issue 0q.1,20215iiia�� Sept..30,2026,
2011 General Oblkatiou and Refunding '_ l00'33 526 240 Q1,'44 17081 118.825 394_196
201; GnteoalObligation and Reftn(Nig 1 -"0.131 <"2093 95,116 21.402 116.5IS 4-6.9'"
2016 Ge netal Obligation and Re8 nduiz 4 a91.018 94 41,1 594.13l 11.889 606.3,19
2019 Gnnenal Obligatiou and Refundug 3 i95.000 1 -9*000 ;21.000 61.4i0 356.a-10 1.4'0,000
20,1A GnnetalObligation and Relimdug 290(6.66- 226;000 236.66- 9-.Sl- 334,aS3 2,02S.:3+
2021C. Coin bued I united Sala Tay 110.650.000 ',0 6 SO.000 IS0,000 1 390 100 1_9-0:100 30 200 000
Revenue C Thud Lnnt Bond
Total S 45.54<.099 S %6 4+'_."6a S 1•562.95- S1.600.03S S 1462995 S 3-1.569_80"
Annual Debt Service Requirements
3a,000,OW
S 3,500,0Q0
5 3.000 0a) r
5 2.500r00t1 - -
52 000.000
>1500,000 F
>1,rx70,000 � .I
S500,000 r
5 '
L
71
0 0 c Q c c
uPnrt,.p,!- al r t-rest
FY2026 PROPOSED BUDGET
BAYTOW N
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
ANNUAL REQUIREMENT TO AMORTIZE BONDED DEBT
Fiscal Principal Interest Interest Total Annual
Year 02101 02101 08101 Interest Requirement
2024 1,167,285 880.129 849.78S 1.729.916 3.097,202
2025 1.438.S92 849.788 820,678 1.670.466 3.109.358
2027 1.251.769 779.360 750.196 1.529.556 2.7S4.325
202S 1.547.526 7M.196 713.975 1.464,171 1.011.997
2029 1.635.697 713,975 675.651 1.389.626 3.025.323
2030 1.692.619 67i,651 637.852 1313.�03 3.006.121
2031 1,374.540 63,,852 605.635 1._2 43.487 2.618.028
2032 1.4 48.129 605.635 571.64- 1,177,2 S3 2.625.-412
2033 1.508.384 571,64- 536.16' 1.107.814 2.616.198
2034 1.237.340 536,167 505.770 1.041,93' 2.279.27-
2035 1.235.503 505.770 475.075 980.845 2.219.3.48
2036 1.250.000 475.075 443.825 918.900 2.168.900
2037 1.30i.000 443.825 411?00 8�5.025 2.160.02i
201'S 1.37�.000 411.200 3-6.52� -88.025 2.163.025
2039 1.440.000 376.825 340.82 i 71'.650 2.157.650
2040 1.51�.004 340.S25 302.9�U 643.775 2.15S 77,;
2041 1.W.000 10 2.95 0 263.200 566.150 2.156.150
204_' 1.675.000 263.200 229.700 -492-900 2.16,.900
204; 1.-35.000 229.,00 19i.000 424.-00 2,159 700
2044 I.S05.040 19i.000 1�&900 .-,53.900 2.15S.900
204*; I.S80.000 I5S 900 121.300 2S0.200 2.160.200
2046 1.9�0.000 121.1100 82,340 203.600 2 151.600
2047 -60.000 S2?00 6,.100 149,400 909.400
204S 190.000 67 100 51.300 118,400 908.400
2049 S20.000 i1.1100 34.900 86.200 906.200
201;0 S�;.000 34.900 17.800 5_'.,00 90 7.-00
201 890,000 - 17 800 I,.S00 907.800
S 39.'_38,9-41 S l l.SS I._4S S 11.036.720 S22.91".968 S 62.156.909
FY2026 PROPOSED BUDGET
B ILTOW (MUNICIPAL DEVELOPMIE1T DISTRICT
DETAIL DEBT --MORTIZATIO SCHEDULES
Series 2014 Date of Issue: April 1,2014 S 2,100,283
General Obligation and Refunding
Bonds:NERD Allocation Ouly Tern:20 Years
Flscal Interest Principal Interest Interest Total Auuual Principal
Year Rate Due 02l01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2014 - $ - S 21.885 S 21.885 S 21.985 S 2,100.281
2015 2.0000o 115.291 37.163 36,023 73186 18S.477 1,984.992
2016 3.00Vo 174.064 36.023 33.412 69.434 243.498 1.810.928
2017 3.0000o 152 720 33 412 31.121 64,532 217.252 1.658.208
2018 3.000'o 135.056 31 121 29.095 60.216 195.272 1.523.152
2019 3.0000o 140.208 29095 26.992 56.087 196.295 1,382 9.1.1
2020 4 0000o 145.728 26.992 24.077 51 069 196.797 1,237.216
2021 4 0000o 130.272 24,07' 21.472 45.549 175.821 1.106,944
2022 4.000Oo 135.792 21.472 18.756 40.228 176.020 911 lit
2023 4.0000o 142.048 18.756 15.915 34.671 176.719 829.104
2024 4 0000o 14S+0.1 15.915 12.9.19 28.864 177.168 680 800
2025 4.0000o 154.560 12.949 9,855 22.807 177 367 526.240
2027 3 2500o 43,424 7.223 6.517 13.740 57 164 351.072
2028 3.3750o 44.896 6.517 5.760 12.277 57.173 306.176
2029 1900o 46,368 5.760 4.948 10.-03 57.076 2i9.808
2010 3 5000o 48.208 4.948 4,105 9.053 57,261 211.600
2031 3 7500o 50.048 4.105 3.166 7 271 57.319 161.{52
2032 'S00o 51.888 1.166 2.193 i.39 57 247 109.664
20", 4.00000 53 728 2.193 1.119 3.312 57.040 55.936
2()34 4-000°0 55.936 1.119 - 1.119 57.055 -
5 2.100-253 S 331.863 S 31G.SS5 S 648.4.1$ S 2.-48-731 S -
Call option:Boitd,utatiumg ou 02A01,2021,to 02-01.203-t callable in vdiole of in patt ott mi%.date beaznnins 02:11 24 a l u
Series 2015 Date of Issue: Jul► '*,2015 1 S 1.770,131
General Obligation and Refunding Bonds:-NmD Allocation Ouh- Term: 20 Years
11scal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02:01 Due 0101 Due 08,'01 Interest Requireuseut Outstanding
2016 S 21 311 $ 47-05- $ 41-308 S SS 16� SJ 10.696 S l_-48.800
2017 5 00003 101.060 41.308 38.781 80.089 181.1i0 1.647.'39
NIS 5 0006a 10---05 38.751 36,09 -4 8-0 152.575 1.540.03i
2019 5 000`'0 114.349 36-059 13.230 69.119 1S3.667 1.425.656
1020 5 000'0 121.692 33.230 30ASS 63 418 185,110 1.303.994
2021 UUO} 129 35j; .0,11,R 26.953 i7 l tl l86.�26 1,174.609
2022 5 000'0 13'0-9 26.953 21.526 i0.4"9 18-.55$ 1,0:-.530
2023 * 0003U I.15.82I 23.526 19.881 43.10' 189. 2- $91 -09
2024 * 000" 154.913 19,881 16.008 3�.888 190.1k4t1 736.'9-
202i 5 OUOut 164-704 16.008 11.890 27.S99 1926602 57?,093
2027 5 000'o 100.011 9-512 7.012 16.524 116.536 376965
2028 3 37"o 41.263 7.012 6.316 13.328 54 591 335.i02
2029 3 j;000o 42.662 6.316 5.569 11.885 54-547 293.040
2030 3.6250o 44.411 5.569 4 764 10.3,33 54-744 248-629
2031 3 6250o 46 1i9 4.764 3.927 8.692 54.851 202,4"0
2032 3 -W'o 4-.908 3927 3 029 6.957 54.864 154-563,
2033 3 'S000 -IMi6 3.029 2.09S 5 12- 54.783 104.90'
2034 4 0000o 51.404 2.098 1 0'0 3.168 54.573 53,502
203i 4 0000o *3_._SU3_ 1-010 - 1.070 5.4-5"3 -
S 1.770.131 S 368.208 $ 321.151 S 689.359 S 2.459.490 S -
Call Opnou Bend,nlattunyz on 02 01 2026 to 02 01 N,135 callable ILt'A1101e.]t 111 pan on w% date beQuuuug 02,01 25 i pat
FY2026 PROPOSED BUDGET
BAITOWN MU ICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Seties 2016 Date of Issue: July 19, 2016 S 4,493,0181
General Obligation and Refunding Bands: 3IDD Allocation Only Tetiu: 12 Veal-,
Fiscal Interest Ptiucipal Interest Interest Total Annual Plincipal
Year Rate Due 02101 Due 01'01 Due 08.:01 Interest Requirement Outstanding
2016 $ - $ - S 7.811 $ -.811 $ - 7.811 S 4.493.018
2017 4.000'o 113.441 11?.158 114-889 232.04" 345.488 4.379.577
2018 4 0000o 386.455 114.889 107,160 222-049 608.505 3.993.122
2019 s 0000o 407.631 10".160 96.969 204,129 611 761 3 58i.490
2020 5 0000o 431.076 83.825 73.048 156-874 5S7,949 3.154.41q
2021 5 000'o 4%.789 -3.048 61,629 134-6'' 591.466 2.69,.626
2022 5 0000o 484.015 61.629 49,528 111.157 59i 172 2.213.611
2023 5 00000 i10-484 49.528 36,766 86-295 596 779 1.703.12-
2024 5 0000o 540.73i 36.766 23.248 60-014 600.-49 1 162.392
2025 4 0000o 567.961 23.248 11,889 35.136 603-097 59.1.431
2026 4,0000,4 ' 89 � . _ � ,t�
$4.493,018 S 679.141 S 5S2.938 $1.262-078 $ 5.755.096 S -
�Series 2019 Date of Issue: NIa-s 2,2019 S 3,595,000
Gmetal Obligation and Refunding Bands: \IDD Allocation OWN Term: 12 1 ears
Fhcal Interest Pltncipal Interest Interest Total Annual Principal 1
Year Rate Due 02.'01 Due 02:01 Due O8 01 Interest Requirement Outstanding
2019 S - $ - S 48.046 S 49.046 3 4$.046 S 3.595,000
2020 3 50000 280.000 4;8 0-i 5 3-8-5 111.940 391.950 ,3315.000
2021 ,3 s000o 290-000 ;3.8-5 50.9-,; 104.S50 394.850 3.025,000
2022 3 625110 290.000 i0.9'S 48 0_� 99.050 359-050 _'.-111i Mo
2023 3 _;(If, 30s 000 4S.075 41.500 91.1;"4; 396,575 1430.000
2021 4 00000 110.000 43.500 38-850 82.350 392.350 2,12M00
2025 4 000100 ,2i.000 38.850 .33,9-s -2.825 397.825 1.795.000
1 386,450 1,470,000
2027 4 25Wo 150 000 27-475 20-475 4-.9,;0 39".950 1.120.000
202S 42�,0'0 355.000 20.4'S 1:-3"5 33.850 3S8.850 765.000
2029 4 1180.000 13.3-5 5.77` 19-150 399.150 W.000
2030 4 3'i-'o :85.000 5 '-5 5 'S _;90..-5
S_.595.000 S 39-A25 $ 38-1,396 S -'8.821 S 4 '3 821 S
FY2026 PROPOSED BUDGET
BAITOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Seises 2021A Date of Issue: December 15, 2021 is 2,906,667
General Obligation and Refunding Bonds:lIDD.allocation Only Tenn: 12 Fears
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08l01 Interest Requiremeut Oulstaudlug
2022 17.354 67.908 85.263 85,263 2.906.667
2023 5.OP0 201.667 67.908 62,867 130.775 332.442 2.705.000
2024 5-00o 213.333 62.867 57.533 120.400 3 33,73 3 2.491.667
2025 5-0q0 16.667 57.533 51,867 109.400 336.067 2-265.000
t ,
2027 5.000 248.333 45.950 39,742 85.692 314,025 1-780.000
2028 5.000 261.667 39.742 33?00 72.942 3 34-608 1.518.333
2029 5.00o 276,667 13,200 26 283 59 483 336.150 1.241 66*
2030 5.000 290.000 26.283 19013 45.317 33 5.3 17 951.667
2031 4 00o 303.333 19,033 12-967 32.000 335.333 6.48.333
2032 400o 3 18.3 33 12-961 6.600 19,567 337,900 3,30.000
2033 -I 00o 330.000 6.600 - 6.600 336,600 -
S 2.906.667 S 741.304 S 423,950 S 865.254 S 3.771.921 S -
Series 2021C Date of Issue: September 9, 2021 S 30,680,000
Combined Limited Sales Tax Revenue& Tlrinl Lien Hotel Revenue Bonds Tenn:30 beats
Flscal Iutetrsr Principal Interest Interest Total .annual Priucipal
Year Rate Due 02i01 Due 04101 Due 10/01 Interest Requirement Outstanding
2022 -86,902 - 786-902 786-902 30-680.000
2023 701.200 701.200 1.402.400 1.402,400 30-680.000
2024 -01,200 701.200 1A02.400 1.402.400 30.6So,000
2025 701.200 701.200 1 402-400 1.-402.-400 10,680,000
t i 480.000. 701..200 68p, r r rr 1,870.400 30.200.00011
2027 5 0°0 510.000 6,59200 676.450 1.365.650 1.875.650 29.690.000
2028 5.000 845.000 676.450 65 5.32 5 1.331.75 > I-6-7-5 21.W.000
2029 5 000 890-000 655.325 633-075 1.28&400 2.178.400 2".9�15-000
2030 5 000 925-000 G33.075 609.950 1.243.025 2.168.025 2',030,000
2031 5.O00 975 000 609.950 585.575 I.l95.525 2.1'0.525 26-055-000
2032 5.0°0 1.030.000 SS5.;7: 559.825 1.145,400 2.1'5.404) 25.025.000
2033 5.000 1.075.000 559.825 532-94;0 1.092.775 2.167.75 23.950.000
2034 5.0% 11?0000 532.950 50-1.700 1.037.650 2.167.650 2L820J)0O
2035 5.000 I I85.000 504.-00 475-075 979.775 2.164.-'5 21.635.000
2036 5.O0o 1.250.000 .475,0'� 4O.S25 918.900 2.168.900 20,385,000
2037 5.000 1 30 000 443 82,; all 200 855.025 2.160.025 19.050-000
203S 5 0% 1.375.000 411 200 376 825 788.025 2-163-025 17.705,000
2039 5 000 1,-4-40 000 376.825 340 825 717.650 2.157.630 16-265-000
2040 �.000 l 515 000 3.10 825 302.950 643.775 2-158-77 1-4-750-000
2041 4 O0o 1 590.000 302 950 263.200 566.150 2.156.150 13-160-000
2042 4.00o 1.675.000 263 200 229.700 492.900 2.167 900 I I--485-000
2043 4.00o 1.735.000 229.700 195.000 424.700 2.159.700 9.750.000
2044 4 000 1.80;,000 195 000 158 900 353-900 2 158.900 7,945-000
2045 4.00o 1.880.000 158,900 121 300 280.200 2 160 200 6.065.000
2046 4 000 1.950.000 121.300 82.300 -103.600 2 153 600 4,L 15,000
2047 4.00o 760.000 S2.300 67-100 149A00 909.400 3-355,000
2048 a 00o 790.000 67.100 51.300 118,400 908,400 2-565-000
2049 4 00o 820.000 51.300 34.900 86.200 906,200 1-715-000
2050 -I 00o 855-000 34,900 17,800 52 '00 907.700 890.000
2051 4 000 890.000 17.800 17 800 907.800 -
S30.680.000 S 12.593.152 S 11.140.650 $23.733,802 S 54.4t3.802 S -