|
Indian River County, Florida
<br />Pledged Revenue Coverage (Unaudited)
<br />Water and Sewer Revenue Bonds
<br />(Series 1993A, 1996, 2005, 2009)
<br />Last Ten Fiscal Years
<br />Uniform Charges
<br />Water sales
<br />Wastewater sales
<br />Other
<br />Total uniform charges
<br />Septage/Sludge
<br />Surcharges
<br />Interest earnings
<br />1989/1990 Special assessments
<br />1996 Special assessments
<br />Gross revenues
<br />Less. Direct expenses
<br />Net revenues available
<br />for debt service
<br />Annual debt service
<br />Principal
<br />Interest
<br />Total debt service payment
<br />Debt service coverage
<br />2005 2006
<br />$ 12,146,416 $
<br />10,437,091
<br />1,685,502
<br />24,269,009
<br />269,575
<br />242,451
<br />2,264,132
<br />722,922
<br />13,336,623 $
<br />11,634,181
<br />1,744,486
<br />26,715,290
<br />332,329
<br />244,166
<br />4,554,419
<br />60,229
<br />350,712
<br />2007 2008
<br />13,529,341 $
<br />12,003,677
<br />1,386,198
<br />26,919,216
<br />290,955
<br />243,919
<br />6,576,873
<br />21,138
<br />268,883
<br />13,435,398
<br />12,128,706
<br />1,460,143
<br />27,024,247
<br />256,785
<br />245,343
<br />3,650,480
<br />112
<br />220,754
<br />27,768,089 32,257,145 34,320,984 31,397,721
<br />12, 853, 872 14,270,414 16,226,651 17,147,444
<br />14,914,217 $ 17,986,731 $ 18,094,333 $ 14,250,277
<br />2,020,000 $
<br />3,525,573
<br />2,390,000 $ 2,505,000 $
<br />3,157,260 3,041,150
<br />2,620,000
<br />2,922,950
<br />5,545,573 $ 5,547,260 $ 5,546,150 $ 5,542,950
<br />2.69x 3.24x
<br />3.26x 2.57x
<br />Note: In accordance with Water and Sewer Revenue Refunding Bonds, Series 2005 bond covenants, there are items included
<br />in the debt service coverage calculation other than normal operating revenues. These items include surcharges and
<br />collections on special assessments. Expenses specifically excluded: renewal and replacement, depreciation,
<br />amortization and interest expense, and loss on disposal of equipment.
<br />Note Water and Sewer debt information can be found in Note 13.
<br />186
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />i
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />
|