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Indian River County, Florida
<br /> Pledged Revenue Coverage
<br /> Recreational Revenue Refunding Bonds , Series 2003
<br /> Last Ten Fiscal Years Schedule 15
<br /> Golf Course Operations
<br /> Less : Net
<br /> Fiscal Revenues Expenses Available Debt Service Operations
<br /> Year Gross (A) Operating (B ) Revenues Principal Interest Total Coverage
<br /> 1998 $ 2 , 842 , 342 $ 21068 , 075 $ 774 , 267 $ 3009000 $ 4303818 $ 7309818 1 . 06
<br /> 1999 21928 , 530 2 , 0635359 865 , 171 315 , 000 4185518 733 , 518 1 . 18
<br /> 2000 299989955 2 , 110 , 920 888 , 035 3255000 4049973 7299973 1 . 22
<br /> 2001 3 , 095 , 768 251905943 904 , 825 345 , 000 3909673 735 , 673 1 . 23
<br /> 2002 25928 , 157 25188 , 791 739 , 366 3605000 375 , 148 735 , 148 1 . 01
<br /> 2003 3 , 135 ,478 233265179 8095299 375 , 000 3579103 732 , 103 1 . 11
<br /> 2004 3 , 105 , 806 2 , 474 ,969 630 , 837 410 , 000 2021155 6125155 1 . 03
<br /> 2005 39252 ,414 2 , 5909759 661 , 655 4505000 188 , 307 6381307 1 . 04
<br /> 2006 313245127 2 , 554 , 640 769 ,487 460 , 000 179 , 291 639 ,291 1 . 20
<br /> 2007 35396 , 639 21670 , 309 726 , 330 475 , 000 1705016 6459016 1 . 13
<br /> (A) Gross revenues include charges for services of the golf course as well as interest income .
<br /> Grant revenues and gain on disposal of equipment are excluded.
<br /> (B ) Operating expenses include all expenses except depreciation, amortization, and interest expense .
<br /> Loss on disposal of equipment is excluded.
<br /> Note : Details regarding the County' s outstanding debt can be found in the Notes to the Financial Statements .
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