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HISTORICAL AND ESTIMATED REVENUES AND <br />DEBT SERVICE COVERAGE (1) <br />The following table sets forth the historical and estimated <br />Pledged Funds of the County for the Fiscal Years indicated. <br />Gross Revenues <br />Cost of Operation <br />and Maintenance <br />Net Revenues <br />Racetrack and <br />Jai Alai <br />Fronton Funds <br />Excess Half -Cent <br />Sales Tax (4) <br />Total Pledged <br />Funds <br />Maximum Annual <br />Debt Service (5) <br />EIBTORICAL <br />(2) <br />1988 1989 <br />1,125,389 1,313,313 <br />841.915 <br />283,474 <br />963.418 <br />349,895 <br />446,500 446,500 <br />1990 <br />EDDGETED ESTIMATED <br />(3) (3) <br />1991 1992 <br />1,526,621 1,507,480 1,555,180 <br />1.098.544 1.291.283 1.174.486 <br />428,077 216,197 380,694 <br />446,500 <br />446,500 <br />1.309.011 1.714.130 1.689.862 2.150.647 2. <br />2,038,985 2 <br />7C.) S/ (-1 <br />1 -68 -7§59 -- <br />Ratio of Total <br />Pledged Funds <br />to Maximum Annual ?,6j <br />Debt Service <br />(5) <br />,510,525 2, <br />Wgi8/N <br />564,439 2, <br />xg) /lelyzrim <br />LI <br />Z68 ; a5tr <br />3.?) <br />446,500 <br />165.454 <br />813,344 2, <br />-2624/11 <br />o <br />701-55-0 <br />992,148 <br />-74 <br />50 <br />3,6{, 3 8/ <br />•3-r6�� .3�8�4-� <br />Fiscal Years ended or ending September 30. <br />Based on County's Audited Financial Statements. <br />Based upon the County's budget for the fiscal year ending <br />September 30, 1991, and the County's preliminary budget for <br />the fiscal year ending September 30, 1992. <br />Half -Cent Sales Tax revenues remaining after payment of debt <br />service on the Senior Half -Cent Sales Tax Bonds. This does <br />not include debt service from additional bonds which may be <br />issued under the Half -Cent Sales Tax Resolution. See the <br />caption "THE SENIOR HALF -CENT SALES TAX BONDS" herein. <br />Maximum Annual Debt Service on the Series 1991 Bondse- <br />age-interest-rate"ar7.15% and the Parity Bonds. <br />25 <br />