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Table XVI
Page 1 of 2
Pledged Revenue Coverage
Fiscal Years Ended June 30, 2007-2016
Fiscal Year
Less
Ended
Gross
Operating
Net Available
Coverage
June 30
Revenues(c)
Expenses(d)
Revenue
Principal
Interest
Total
(f)
2007
81,600,371
$
42,243,043
$
39,357,328
$
6,325,000
$
7,942,399
$
14,267,399
$
2.76
2008
87,367,218
48,224,607
39,142,611
6,620,000
8,216,874
14,836,874
2.64
2009
85,134,662
47,546,036
37,588,626
8,015,000
8,811,277
16,826,277
2.23
2010
86,650,483
48,248,298
38,402,185
8,470,000
7,969,938
16,439,938
2.34
2011
91,649,195
51,317,135
40,332,060
9,960,000
9,674,910
19,634,910
2.05
2012
89,165,280
52,808,830
36,356,450
8,825,000
8,797,162
17,622,162
2.06
2013
90,137,572
53,436,646
36,700,926
9,400,000
8,256,635
17,656,635
2.08
2014
94,065,880
52,225,483
41,840,397
8,225,000
7,697,524
15,922,524
2.63
2015
100,831,399
54,576,115
46,255,284
10,390,000
7,364,313
17,754,313
2.61
2016
107,510,348
59,641,631
47,868,717
12,470,000
7,411,881
19,881,881
2.41
(a) The City issued Water and Sewer Revenue bonds in the amount of :
$50,000,000 dated June 1995 (refunded in 2001 and 2005)
$40,000,000 dated June 1998 (partially refunded in 2006 and 2009)
$45,740,000 dated June 2001 (partially refunded in 2006)
$40,780,000 dated June 2005 (partially refunded in 2012)
$53,180,000 dated April 2009
$29,310,000 dated February 2016
Portions of the 1998, 2001, 2003, 2005, 2007 and 2009 variable rate issues were refunded in August 2014.
(b) The City issued Landfill Special Obligation Bonds in the amount of $16,000,000 dated May 1997 and $8,400,000 dated November 2005.
The 1997 bonds are matured.
(c) Gross revenues are for the combined Water Resources Enterprise Fund for the fiscal year.
(d) Operating expenses exclude depreciation and bond interest.
(e) Includes principal and interest of revenue bonds only.
(f) The most restrictive required coverage is 1.50.
(g) As defined in Articles 40 and 42 of the Sales Tax Act.
(h) The required coverage is 2.00.
$43,435,000 dated July 2003 (partially refunded in 2006)
$48,040,000 dated June 2007 (partially refunded in 2015)
Debt Service Expenditures (e)
Water Resources Enterprise Fund (a)
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