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Indian River County , Florida <br /> Pledged Revenue Coverage <br /> Housing Authority - Component Unit <br /> Last Ten Fiscal Years Schedule 16 <br /> Housing Authority Activity <br /> Less : Net Revenue <br /> Direct Available <br /> Fiscal Revenues Expenses For Debt Debt Service Requirements <br /> Year Gross (A) Operating (B ) Service Principal Interest Total Coverage <br /> 1998 $ 6379191 $ 4165078 $ 2215113 $ 17300 $ 46 , 054 $ 2195054 1 . 01 <br /> 1999 630 , 100 409 , 647 220 ,453 17500 441293 2195293 1 . 01 <br /> 2000 6665946 4021612 264 , 334 177 , 000 425705 219 , 705 1 . 20 <br /> 2001 716 , 796 449 , 220 2673576 179 , 000 40 , 655 2199655 1 . 22 <br /> 2002 712 , 236 4651551 246 , 685 1815000 39 , 014 2205014 1 . 12 <br /> 2003 690 , 645 494 , 031 196 , 614 1821000 37 , 052 2193052 0 . 90 <br /> ' 2004 615 , 450 538 , 808 76 , 642 184 , 000 325903 216 ,903 0 . 35 <br /> 2005 5995074 6641806 (655732 ) 18600 33 , 388 2199388 (0 . 30 ) <br /> 2006 671 ,949 50405 167 , 064 188 , 000 36 , 965 2245965 0 . 74 <br /> 2007 651 , 281 588 , 978 62 , 303 190 , 000 9 , 431 199 ,431 0 . 31 <br /> (A) Gross revenue includes rental assistance subsidy, tenant rental income , and other income. Interest income <br /> is excluded. <br /> (B ) Operating expenses include all expenses except depreciation and interest expense . <br /> Note : Details regarding the outstanding debt can be found in the Notes to the Financial Statements . <br /> Even through the Housing Authority is not a part of the primary government, this schedule is required for <br /> continuing disclosure . <br /> 191 <br />