Laserfiche WebLink
Annual Debt rvi (3) <br />Original Bonds 576 414 521 546 547 <br />Series 1989 Bonds 550+ <br />Estimated Debt Service <br />Coverage 1.81 1.91 1.95 3.15 3.13 2.59 <br />(1) From Indian River County, Florida, Office of Management and Budget <br />(2) "Revenues" as used herein has the same meaning as ascribed in the Resolution. <br />(3) Does not include interest on the 1986 Anticipation Notes or the 1988 Anticipation Notes, which <br />interest has been capitalized. <br />t Preliminary, Subject to Change. <br />The County attributes the increase in revenues for the fiscal <br />years ended September 30, 1984 through September 30, 1988 primarily <br />to growth of the System. <br />The County also receives Impact Fees in connection with the <br />operation of the System. Impact Fees are not pledged as a security <br />for the Series 1989 Bonds. While the County may pledge the Impact <br />Fees in the future, the County presently has no intention to pledge <br />18 <br />SUMMARY OF REVENUES OF <br />THE SYSTEM <br />Fiscal <br />Years <br />Ended September <br />30 <br />- <br />Audited <br />Projected (1) <br />14$4 <br />1985 <br />12@5 <br />19187 <br />12@Q <br />14$4 <br />(thousands <br />of dollars) <br />Revenues (2) <br />Operating <br />$1,847 <br />$1,948 <br />$2,452 <br />$3,118 <br />$3,531 <br />3,750 <br />Interest Income <br />302 <br />241 <br />355 <br />373 <br />536 <br />350 <br />Total Revenues <br />2,149 <br />2,189 <br />2,807 <br />3,491 <br />4,067 <br />4,100 <br />Operating and <br />Maintenance <br />Expenses <br />Personal Services <br />445 <br />481 <br />544 <br />684 <br />800 <br />1,035 <br />Materials, Supplies <br />and Other <br />660 <br />918 <br />1.247 <br />1.083 <br />1.557 <br />1.640 <br />Total Expenses <br />1,105 <br />1,399 <br />1,791 <br />1,767 <br />2,537 <br />2,675 <br />Net Revenues Available <br />for Debt Service <br />1,044 <br />790 <br />1,016 <br />1,724 <br />1,710 <br />1,425 <br />Annual Debt rvi (3) <br />Original Bonds 576 414 521 546 547 <br />Series 1989 Bonds 550+ <br />Estimated Debt Service <br />Coverage 1.81 1.91 1.95 3.15 3.13 2.59 <br />(1) From Indian River County, Florida, Office of Management and Budget <br />(2) "Revenues" as used herein has the same meaning as ascribed in the Resolution. <br />(3) Does not include interest on the 1986 Anticipation Notes or the 1988 Anticipation Notes, which <br />interest has been capitalized. <br />t Preliminary, Subject to Change. <br />The County attributes the increase in revenues for the fiscal <br />years ended September 30, 1984 through September 30, 1988 primarily <br />to growth of the System. <br />The County also receives Impact Fees in connection with the <br />operation of the System. Impact Fees are not pledged as a security <br />for the Series 1989 Bonds. While the County may pledge the Impact <br />Fees in the future, the County presently has no intention to pledge <br />18 <br />