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Selected Financial Data The following table sets forth selected financial data for the System for the Fiscal Years ended September 30,1989 through September 30,1993. The data have been derived from the Water and Sewer System Fund and are summaries of the audited financial statements for Fiscal Years ended September 30, 1989, September 30, 1990, September 30, 1991 and September 30, 1992 examined by Coopers & Lybrand, Orlando, Florida. The financial data for Fiscal Year 1993 were obtained from the Indian River County 1992 - 1993 Annual Bud¢et• Operating Revenue Interest Earnings 1989 Special Assessments 1990 Special Assessments Gross Revenues Direct Expense(') Net Revenues Available for Debt Service Annual Debt Service Debt Service Coverage SUMMARY OF REVENUES OF THE SYSTEM COMPARISON OF MONTHLY Fiscal Year Ended September 30, SINGLE FAMILY WATER AND WASTEWATER BILLS tI (thousands of dollars) Water Wastewater Shame Char& Total Char& Collier County $31.70 $29.90 $61.60 Brevard County 18.15 5150 69.65 Hillsborough County 2150 61.00 82.50 Indian River County 31.00 43.98 74.98 Lee County 31.67 39.52 71.19 Pasco County 23.39 30.80 54.19 Sarasota County 32.80 34.19 66.99 St. Johns County 41.92 41.13 82.09 St. Lucie County 28.37 40.20 68.57 Selected Financial Data The following table sets forth selected financial data for the System for the Fiscal Years ended September 30,1989 through September 30,1993. The data have been derived from the Water and Sewer System Fund and are summaries of the audited financial statements for Fiscal Years ended September 30, 1989, September 30, 1990, September 30, 1991 and September 30, 1992 examined by Coopers & Lybrand, Orlando, Florida. The financial data for Fiscal Year 1993 were obtained from the Indian River County 1992 - 1993 Annual Bud¢et• Operating Revenue Interest Earnings 1989 Special Assessments 1990 Special Assessments Gross Revenues Direct Expense(') Net Revenues Available for Debt Service Annual Debt Service Debt Service Coverage SUMMARY OF REVENUES OF THE SYSTEM Fiscal Year Ended September 30, tI (thousands of dollars) Audited Figures Bu ') im 1220 1243 1221 54,314 $5,271 $6,727 S10,712(2) $11,102 675 664 994 829 753 'r 1 (4) 54.989 s7•n2 11 513.059 _3,144 4. 5.4 6.1 1.84 $1.4T2 $2.293 $5.3 S6 768 862 1,303 1,366 3,680(5] 2.40x 1.71x 1.75x I&X 12b (1) Excludes Depreciation, Amortization and nonrecurring events. (2) The increase in Revenues is auribulable to a large Increase in the number of new customem and a significant rate increase which was imptemented on October 1, 1991. 11he number of water customers increased 5.7% from fiscal year 1991 to Fiscal Year 1992, and the number of sewer customers increased 7.07% from fiscal year 1991 to Fiscal Year 1992. (3) Infomtation obtained from Indian River County 1992 - 1993 Annual Budget. The increase in Revenue reflects an Inereue in Mater and sewer rates which took effect on October 1, 1992, and the collection of seplage feu and grease Imp fees relating to the Regional Sludge Facility. (4) With the issuance of the Series 1993 Bonds, definitions of Revenua in the Mutcr Bond Resolution has been changed to include the 1989 Special Assessments and the 1990 Special Assessments. (5) Estimated maximum annual debt service for the Series 1993 Bonds. The County attributes the Increase in Revenues for the Fiscal Years ended September 30,1989 through September 30, 1992 primarily to growth of the System and increases in Uniform Charges. 20