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<br />.1--, - ,._ ---
<br />INDIAN RIVER COUNTY, FLORIDA
<br />TABLE OF PROJECTED REVENUE,
<br />EXPENSE AND DEBT SERVICE COVERAGE
<br />Revenue
<br />Revenues and Expenses of the
<br />Shag
<br />Total
<br />Fiscal
<br />Solid Waste Disposal System (1)
<br />Trust Funds
<br />Revenues
<br />Principal
<br />Debt
<br />Years
<br />Ending
<br />Gross
<br />Operating Net
<br />(Guaranteed
<br />Pledged for
<br />And Interest
<br />Service
<br />September 30 Revenue.
<br />Expenses Revenue
<br />Entitlement)
<br />Debt Service
<br />Requirements
<br />Coverage,
<br />1978
<br />$ 382,500
<br />$ 175,000 $207,500(2)
<br />$205,850
<br />205,850
<br />$413,350(2)
<br />428,550
<br />(3)
<br />$ 61,725(3)
<br />-
<br />6.94x
<br />1979
<br />1980
<br />416,700
<br />526,200
<br />194,000 222,700
<br />216,000 310,200
<br />205,850
<br />516,050
<br />171,195
<br />3.01x
<br />1981
<br />5659900
<br />240,000 325,900
<br />205,850
<br />531,750
<br />172,220
<br />3.09x
<br />1982
<br />607,000
<br />279,000 328,000
<br />205,850
<br />533,850
<br />172,980
<br />3.09x
<br />1983
<br />648,000
<br />321,000 327,000
<br />205,850
<br />532,850
<br />173,475
<br />3.07x
<br />1984
<br />788,400
<br />368,000 420,400
<br />205,850
<br />626,250
<br />178,705
<br />3.50x
<br />1985
<br />835,200
<br />420,000 415,200
<br />205,850
<br />621,050
<br />178,405
<br />.3.48x
<br />1986
<br />882,000
<br />478,000 404,000
<br />205,850
<br />609,850
<br />177,840
<br />3.43x
<br />1987
<br />936,000
<br />525,000 411,000
<br />205,850
<br />616,850
<br />182,010
<br />3.39x
<br />1988
<br />1,072,500
<br />578,000 494,500
<br />205,850
<br />700,350
<br />180,650
<br />3.88x
<br />1989
<br />1,129,700
<br />634,000 495,700
<br />205,850
<br />701,550
<br />184,025
<br />3.81x
<br />1990
<br />1,188,200
<br />697,000 4919200
<br />205,850
<br />697,050
<br />181,870
<br />3.83x
<br />1991
<br />1,390,600
<br />764,000 626,600
<br />205,850
<br />832,450
<br />184,450
<br />4.51x
<br />1992
<br />19455,800
<br />837,000 618,800
<br />205,850
<br />824,650
<br />186,500(4)
<br />4.42x
<br />1993
<br />1,626,000
<br />917,000 709,000
<br />205,850
<br />914,850
<br />183,020
<br />5.00x
<br />1994
<br />19694,200
<br />1,003,000 691,200
<br />205,850
<br />897,050
<br />184,275
<br />4.87x
<br />(1)
<br />Based
<br />upon Consulting
<br />Engineers' estimates contained in Appendix A,
<br />but excluding
<br />renewal and replacement
<br />requirements from annual
<br />costs of operation.
<br />(2)
<br />Assumes collection of disposal charges beginning October 1,
<br />1977. Certain weighing equipment
<br />necessary for collection
<br />of
<br />disposal charges is not scheduled
<br />for installation until February 1, 1978.
<br />(3)
<br />Interest
<br />capitalized for one
<br />year from issuance of the Bonds. Estimated delivery date January 12, 1978.
<br />(4)
<br />Maximum
<br />annual principal and interest requirement.
<br />
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