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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 />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 />$ 13,435,398 $
<br />13,001,743 $
<br />13,570,657 $
<br />13,565,766
<br />12,128,706
<br />11,954,333
<br />12,375,346
<br />12,203,750
<br />1,460,143
<br />1,285,605
<br />1,430,966
<br />1,639,985
<br />27,024,247
<br />26,241,681
<br />27,376,969
<br />27,409,501
<br />256,785
<br />294,459
<br />302,187
<br />314,969
<br />245,343
<br />244,619
<br />245,011
<br />245,245
<br />3,650,480
<br />2,110,031
<br />686,776
<br />491,260
<br />112
<br />413
<br />438
<br />8,718
<br />220,754
<br />184,272
<br />151,316
<br />93,513
<br />31,397,721
<br />29,075,475
<br />28,762,697
<br />28,563,206
<br />17,147,444
<br />17,057,273
<br />16,007,055
<br />15,404,503
<br />$ 14,250,277 $
<br />12,018,202 $
<br />12,755,642 $
<br />13,158,703
<br />Principal $ 2,620,000 $ 2,745,000 $ 2,870,000 $ 2,990,000
<br />Interest 2,922,950 2,047,513 2,510,910 2,324,525
<br />Total debt service payment $ 5,542,950 $ 4,792,513 $ 5,380,910 $ 5,314,525
<br />Debt service coverage 2.57x 2.51x 2.37x 2.48x
<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 12.
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