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Utility Debt Coverage Ratio
<br />2012 2013 2014
<br />Uniform Charges
<br />Water sales $ 13,621,878 $ 13,667,115 $ 14,059,231
<br />Wastewater sales 12,515,394 12,546,429 12,879,006
<br />Other 1,727,411 1,763,426 2,025,378
<br />Total uniform charges 27,864,683 27,976,970 28,963,615
<br />Septage/Sludge 373,616 426,634 478,555
<br />Surcharges 246,298 246,363 242,073
<br />Interest earnings 315,377 239,270 258,741
<br />1996 Special assessments 75,037 69,757 22,091
<br />Gross revenues 28,875,011 28,958,994 29,965,075
<br />Less: Direct expenses
<br />Net revenues available
<br />for debt service
<br />15,657,085 15,217,294 16,040,433
<br />$ 13,217,926 $ 13,741,700 $ 13,924,642
<br />Annual debt service
<br />Principal $ 3,090,000 $ 3,205,000 $ 3,350,000
<br />Interest 2,193,450 2,080,950 1,937,450
<br />Total debt service payment $ 5,283,450 $ 5,285,950 $ 5,287,450
<br />Debt service coverage 2.50x 2.60x 2.63X
<br />GA -11
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