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3/19/2014 <br />Utility Debt Coverage Ratio <br />2011 — <br />2012 2013 <br />Uniform Charges <br />Rater sales $ 13,565,766 $ 13.621,878 $ 13 667,115 <br />Wastewater sales 12 203;750 12 S 1 5, 394 12,546,429 <br />2 <br />Other 1,639.935 <br />1,727 411 1:763426 <br />Total uniform charges <br />27.409,501 27,S64.683 27.976 970 <br />Septa¢e''Shtdge <br />324,969 373,616 426,634 <br />245,245 246,298 246,363 <br />Surcharges Q_.27C1 <br />491,260 315,:77 <br />II1Se Teat earnings <br />198911990 Special assessnle nis <br />8;713 <br />93—.<13 -75.037 69.757— <br />1996 Special assessments — — ---= <br />28,563.206 <br />28.875,011 28,953 994 <br />Gros, rev enues - 1_: 29 <br />-17, <br />Less: Direct expenses _.5 <br />15.404,503 15,657,085 ---.. ---- <br />4 <br />Net revenues available 1 3. t t 5 703 $ 13;217.926 $ 13.741 700 <br />for debt service$ 26 <br />Annual debt service3,205.000 <br />2.990,000 6 3,090,000 <br />Interest <br />$ 25 2.193,450 2.030 951 <br />Interest <253. 450 $ <br />Total debt service }: 5.2.314525 $ 5 285,951 <br />Debt service coverage <br />2.48' 2.50. 2 CO, <br />Initiatives <br />• We instituted a VISA card program in September 2012 whereby <br />vendors are paid electronically the next business day. Currently 16% <br />of invoices are paid by the VISA program. The County received a <br />rebate of $165K which was deposited in the general fund. This <br />program resulted in operating, printing and mailing costs savings. <br />• Paperless initiative is continuing with A/P and H/R systems. <br />• The County has received Certificate of Achievement For Excellence in <br />Financial Reporting for 30 consecutive years. <br />