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Oct 8, 2010 2:25 pm Prepared by Davenport & Company LLC Page 1 <br />SOURCES AND USES OF FUNDS <br />Kannapolis, North Carolina <br />Proposed Certificates of Participation, Series 2010 <br />Rates as of October 6, 2010 <br />Assumes A Rating <br />Sources: <br />Bond Proceeds: <br />Par Amount 35,340,000.00 <br />Premium 942,575.45 <br />36,282,575.45 <br />Uses: <br />Project Fund Deposits: <br />Project Fund 31,000,000.00 <br />Other Fund Deposits: <br />Debt Service Reserve Fund 3,534,000.00 <br />Capitalized Interest Fund 780,627.17 <br />4,314,627.17 <br />Delivery Date Expenses: <br />Cost of Issuance <br />750,000.00 <br />Underwriter's Discount <br />216,700.00 <br />966,700.00 <br />Other Uses of Funds: <br />Additional Proceeds <br />1,248.28 <br />36,282,575.45 <br />Attach <br />Page <br />G -3 <br />