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1987-144
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Last modified
9/2/2022 9:39:12 AM
Creation date
9/1/2022 9:53:28 AM
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Template:
Resolutions
Resolution Number
1987-144
Approved Date
12/08/1987
Subject
Authorizing the execution and delivery of a Note Purchase Agreement
of $9,200,000 aggregate principal amount of water & sewer revenue bonds
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The following table Seta forth a Summary of net <br />revenue, for the System for the Fiscal 'nears Prided September 30, <br />1983 through Septembpr 30, 1987. The data are summaries of <br />audited f.in8nc.al rrtatements for the FiscaI Years ended <br />September 30, 1983 thruugh and incteidin7 September 30, 1986 which <br />were examined by Arthur Yourv; Company, r`ay`.nna Beach, Florida, <br />independent certified public a cncrrtatlt.a- The data for the <br />Fiscal Year ended .SepternbPr 30. 1987 are sur-laries of unaudited <br />financial .st.at.ements prepared by the Coarnt.y which are being <br />examined by Coopers b Lybrand, orlando. Florida. independent <br />certified public ar..coune.ant.,. T11s data fnr the 'Fiscal Year ended <br />September 30, 1.997 ir, nr,t necesr;ariiy indir at.il- of act.Wil <br />resrilts for Stich Fiscal Year. <br />SUMMAP't' OF NF7 GSE;V';?VrF:s <br />Fiscal Years 'Fride:-i <br />Audited Unaudited <br />111r} 7 1954 19145 19196 1987 <br />(th,)usandsj of del lars) <br />r;r "r;ri RevF,t„rnF;...... i l .469 a2.. 149 $:. I -Al 0, 80'1 - 1. 425 <br />'I'nt.rtl Opera'. Irl'i <br />Expenses.......... 954 1.105 1..199 1.791 2.517 <br />Net. Po -venues A asi fable <br />for Debt. :;nrvice.. 515 1.044 790 1,01c, 909 <br />Aggregate Debt. <br />Service........... 135 "76 414 521 546 <br />Debt Service <br />Coverage Ratio.... 1.113 1.A1 1.91 1.95 1.66 <br />The County at ti ilnit.e.S tile. ur1rr..asP in '41-nns rovelllws <br />for tile f i ,r.a 1 year!; . r, tori `- epG m1,er 30, 1983 t:hrvuyh <br />September 30, 1487 pr irnat i 1y to (jr,),,tir of the System. <br />12 <br />
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