Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />Financial Analvsis <br /> <br />. <br /> <br />For the estimated project design and construction cost of $32,855,000, the District currently <br />anticipates using the financial sources shown in Table 4. <br /> <br />Table 4 - Plateau Creek Project, Sources of Funds <br /> <br /> <br />Remaining 1988 Construction Fund Authorization <br />New B'.lrro,wing;~999 <br />New Borrowing, 2000 <br />From' District Reserve Funds <br />Total <br /> <br />'..:Amount:,. . '0 <br />$6,427,151 <br />10,000,000 <br />10,000,000 <br />6,427,849 <br />$32,855,000 <br /> <br />The new borrowings in 1999 and 2000 may be from: <br /> <br />. District revenue bond issues, <br /> <br />. an additional loan or loans from the CWCB Construction Fund, <br /> <br />. a Colorado Water Resources & Power Development Authority revenue bond issue, or <br /> <br />. some combination of the above. <br /> <br />. <br /> <br />CWCB staff has reviewed the District's audited financial statements for the years 1995 through <br />1997. The results of the CWCB staff review are summarized in Table 5 in the form of several, <br />key financial indicators all of which are strong to very strong except that debt service coverage <br />was weak in 1995, a year in which a loss for certain investments was taken. <br /> <br />Table 5 - Financial Indicators Based on 1995 - 1997 Financial Statements <br /> <br />Operating Ratio (1) <br />DebtperJap'..'" <br />Debt Service Coverage (2) <br />Debt/Equity' ',. '0'. <br /> <br /> <br />134% <br />'.', $'1;222';1" <br />89% <br />'35% <br /> <br />150% <br />$1,105, ... <br />191% <br />..30% . <br /> <br /> <br />,~_!l!f..~__,~~r-.. --"'9'..6..~"" <br />~~_riil!J.te:nl_~.mF_ '!ll1l_1:995_ '!J!xHi~tlF"'.' 9. i~~jfmF <br /> <br />(I) Operating revenue!( operating expense - depreciation) <br />(2) (Total eligible revenue - actual operating expense)!debt service <br /> <br />The Ute WCD staff has prepared a projection of annual District revenues and expenditures for <br />the years 1996 through 2032. The projection includes both current debt as well as debt service on <br />$26.4 million in new debt that is expected to be incurred in 1999 and 2000 as a result of the <br />Plateau Creek Pipeline Project. The debt service coverage ratio is estimated for each of the 35 . <br /> <br />4 <br /> <br />I <br />