EXHIBIT 15-C
Financing Scenarios for Completing Phase I of ASR Project
Short-Term Pay-As-You-Go
Total Funds Required $3,005,000
1 Year User Fee 10.36%   [1]
2 Year User Fee 5.18%   [2]
3 Year User Fee 3.45%   [3]
[1]  This % User Fee increase effective 01/01/06 would not require temporary use of 
       reserves to fund FY 2006-07 costs
[2]  This % User Fee increase effective 01/01/06 would require use of up to 60% of reserves
       to fund FY 2006-07 costs until all supplemental user fee revenues are collected
[3]  This % User Fee increase effective 01/01/06 would require use of up to 90% of reserves
       to fund FY 2006-07 costs until all supplemental user fee revenues are collected