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Attachment 2
<br /> Oct 25,2012 10:48 am Prepared by Davenport&Company LLC(PQS) 16 Page 1
<br /> SOURCES AND USES OF FUNDS
<br /> Orange County,North Carolina
<br /> Refunding of General Obligation Bonds
<br /> Market Rates as of October 24,2012—Subject to Change
<br /> Dated Date 01/16/2013
<br /> Delivery Date 01/16/2013
<br /> Refunding of Refunding of Refunding of
<br /> the 2004A the 2004E the 2005A
<br /> Sources: Bonds Bonds Bonds Total
<br /> Bond Proceeds:
<br /> Par Amount 155,000.00 771,000.00 12,395,000.00 13,321,000.00
<br /> Premium 4,727.06 23,525.28 1,622,516.35 1,650,768.69
<br /> 159,727.06 794,525.28 14,017,516.35 14,971,768.69
<br /> Other Sources of Funds:
<br /> Budgeted Interest 3,187.50 15,000.00 264,878.13 283,065.63
<br /> 162,914.56 809,525.28 14,282,394.48 15,254,834.32
<br /> Refunding of Refunding of Refunding of
<br /> the 2004A the 2004B the 2005A
<br /> Uses: Bonds Bonds Bonds Total
<br /> Refunding Escrow Deposits:
<br /> Cash Deposit 0.79 0.02 0.35 1.16
<br /> SLGS Purchases 159,256.00 793,474.00 14,021,255.00 14,973,985.00
<br /> 159,256.79 793,474.02 14,021,255.35 14,973,986.16
<br /> Delivery Date Expenses:
<br /> Cost of Issuance 2,327.15 11,575.71 186,097.14 200,000.00
<br /> Underwriter's Discount 930.00 4,626.00 74,370.00 79,926.00
<br /> 3,257.15 16,201.71 260,467.14 279,926.00
<br /> Other Uses of Funds:
<br /> Additional Proceeds 400.62 -150.45 671.99 922.16
<br /> 162,914.56 809,525.28 14,282,394.48 15,254,834.32
<br /> Notes:
<br /> This analysis makes general assumptions which will need to be confirmed with the County:
<br /> --Assumes the County elects to make a contribution,at closing,in the amount of the budgeted interest.
<br /> —Assumes the escrow is invested in SLG securities.
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