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EXHIBIT A <br />Revenues aad Debt Service Coverage <br />Revenues from Jaauary 1, 200? through December 31, 2007 <br />Charges for services <br />Earnings on investments <br />Net revenues from audited financial statements <br />Operating and maiateaaace espenses from January 1, 2007 <br />through December 31, 2007 <br />Total expenses from audited financial statements <br />Less interest expense <br />Less depreciation expense <br />Net expenses from audited financial statements <br />Debt service requiremeat (iacludiag proposed annual payment <br />of the Series 2008A Boads and Coatract #C150254) <br />Colorado Water Conservation Board <br />Drinking Water Revolving Loan Fund <br />Colorado Water Conservation Board <br />United States Department of Agriculture <br />Net debt service requirement <br />Required deposits iato required reserve funds (including <br />proposed deposit on the Series 2008A Bonds) <br />Colorado Water Conservation Board <br />Drinking Water Revolving Loan Fund <br />United States Department of Agriculture <br />Net required deposits into required reserve funds <br />Coverage <br />$ 76,108 <br />590 <br />$ 76,698 <br />$ 63,327 <br />(7,428) <br />(2,344) <br />$ 53,555 <br />$ <br />3,769 <br />33,170 <br />2,778 <br />2,040 <br />$ 41,757 <br />$ 754 <br />204 <br />$ 958 <br />80% <br />Note: "I'he note agreement for the Drinking W ater ltevolving Loan N und contair s a <br />requirement that the Town maintain an operations and maintenance reserve in an <br />amount equal to three months of operations and maintenance expenses, exclucing <br />depreciation. The Town is considering utilization of its unobligated cash resei✓es <br />to meet this reserve requirement. Therefore, no amount is provided for above a� a <br />deposit into required reserve funds. <br />