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<br />BUDGET CONSTRUCTION CO., INe. AND BUDGET HOLDINGS, LLC
<br />NOTES TO THE COMBINED FINANCIAL STATEMENTS
<br />Years Ended December 31, 2007 and 2006
<br />NOTE 9 - Long-term debt (Continued):
<br /> TOTAL CURRENT LONG- TERM
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $6,822, including
<br />interest at 7.48%, through March 2011,
<br />collateralized by equipment. $ 154,820 $ 81,864 $ 72,956
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $8,161, including
<br />interest at 7.00%, through November 2009,
<br />collateralized by vehicles. 129,184 97,932 31,252
<br />Notes payable to financial institutions, payable
<br />in monthly installments of$9,971, including
<br />interest at 8.00%, through December 2007
<br />collateralized by equipment. 332,519 119,652 212,867
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $5,463, including
<br />interest at 7.50%, through March 2012
<br />collateralized by vehicles. 246,197 65,556 180,641
<br />Notes payable to financial institutions, payable
<br />in monthly installments of$2,103, including
<br />interest at 7.00%, through December 2011,
<br />collateralized by vehicles. 95,472 25,236 70,236
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $3, 156, including
<br />interest at 4.5%, through December 2011,
<br />collateralized by equipment. 140,596 37,872 102,724
<br />Mortgages payable to financial institutions,
<br />payable in monthly installments of $8,808,
<br />including interest at 7.66% , through April
<br />2018, collateralized by real state. 1,863,949 77,577 1,786,372
<br />Sub-total $ 2,962,737 $ 505,689 $ 2,457,048
<br />Total long-term debt $ 3,235,899 $ 656,735 $ 2,579,164
<br />Less: amount representing interest and
<br />unamortized discount (112,969) (57,013) (55,956)
<br />Total $ 3,122,930 $ 599,722 $ 2,523,208
<br />13
<br /> Benitez & Company. CPA',
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