Laserfiche WebLink
Golf Course Coverage Ratio <br /> Less: Net <br /> Fisctil Revenues Expenses Available Debt Seti'ice Requirements <br /> Year Gross(A) Operathng(S) R,;'etntes prnncipal_ Interest C Total Coverage <br /> 2010 3,157,520 2,393.964 763,156 510,000 133.889 643.889 1.19 <br /> 2011 3,170,572 2,246,881 923,691 520.0(X) 126.302 6-16,302 1.43 <br /> 2012 ..220,559 2.180,964 1,039,191 531.000 109.301 641,301 1.61 <br /> (A)Gross revenues include charges for scr-Oces of the golf course as well as interest income. <br /> Insurance recoveries and gaup oil disposal of equipment are exchtded. <br /> (B)Operating expenses include all expenses except depreciation,amortization.interest expense.and <br /> loss on disposal of equipment. <br /> (C)EfTective 1%I/I 1.interest expense inchtdes 3%interest paid on ail intetfimd loan for the purchase of golf carts. <br /> Certificate of Achievement For Excellence <br /> in Financial Reporting <br /> • Award issued by the Government Finance Officers Association <br /> • Recognizes annual financial reports that are prepared with the <br /> highest standards in government accounting and financial reporting. <br /> • Checklist of requirements to receive this <br /> award is 81 pages long. i"N",-W <br /> Repminp <br /> nxi'un xo�,rw�,. <br /> I I+mJa <br /> • The County has received this award for <br /> 29 consecutive years. <br /> 72�j�fyplG- <br /> •A- 6 <br />