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Indian River County, Florida
<br /> Pledged Revenue Coverage
<br /> Water and Sewer Revenue Bonds
<br /> (Series 1993A, 1996 , 2005)
<br /> Last Ten Fiscal Years
<br /> 1998 1999 2000 2001
<br /> Uniform Charges
<br /> Water sales $ 755765145 $ 8 , 1059703 $ 8001435 $ 9 , 101 , 553
<br /> Wastewater sales 7 , 4881529 7 , 913 , 884 7 , 9915280 8 , 1549933
<br /> Other 1 , 462 , 839 11162 , 098 19443 ,978 15367 , 291
<br /> Total uniform charges 16 , 527 , 513 1751815685 18 , 1153693 18 , 6235777
<br /> Septage/Sludge 127 , 544 118 , 633 223 , 384 293 , 741
<br /> Surcharges 345 , 390 234 , 729 231 ,478 238 , 079
<br /> Interest Earnings 1 , 9649251 15845 , 469 2 , 938 , 338 4 , 577 , 350
<br /> 1989/ 1990 Special assessments 496 , 944 535386 166 ,239 37 , 235
<br /> 1996 Special assessments 15458 , 337 741 , 707 1 , 542 , 906 8705629
<br /> Gross revenue 20 , 919 , 979 201175 , 609 235218 ,038 24 , 640 , 811
<br /> Direct expense 8 , 565 ,905 7085098 81361 , 845 9 , 388 , 472
<br /> Net revenues available
<br /> for debt service $ 12 , 3541074 $ 12 , 307 , 511 $ 14 , 8569193 $ 15 , 252 , 339
<br /> Annual debt service
<br /> Principal $ 1 , 835 , 000 $ 19895 , 000 $ 1 , 965 , 000 $ 1 , 615 , 000
<br /> Interest 4 ,4119549 4 , 3525069 4 , 2675654 49177 , 559
<br /> Total debt service payment $ 6 , 246 , 549 $ 6 , 247 , 069 $ 6 , 232 , 654 $ 51792 , 559
<br /> Debt service coverage 1 . 97x 1 . 97x 2 . 38x 2 . 63x
<br /> Note : In accordance with Water and Sewer Revenue Refunding Bonds , Series 2005 bond covenants ,
<br /> there are items included in the debt service coverage calculation other than normal operating
<br /> revenues . These items include surcharges and collections on special assessments , which
<br /> are considered contributions of capital .
<br /> 188
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