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<br />Financial Ratio Without With <br /> the project the project <br />Operating Ratio (revenue/expense) 110% 109% <br />weak: less than 100% (average) (average) <br />average: 100% - 120% <br />strano: oreater than 120% <br />Debit Service Coverage Ratio No Debt 160% <br />(revenues-expenses )/debt service (strong) (strong) <br />weak: less than 100% <br />average: 100% - 125% <br />strang: greater than 125% <br />Cash Reserves to Current Expense 82% 68% <br />weak: less than 50% (average) (average) <br />average: 50% - 100% <br />strano: oreater than 100% <br />Annual Cost per acre-foot Diverted $ 9.89 $12.17 <br />weak: greater than $20 (strong) (average) <br />average: $10 - $20 <br />strono: less than $10 <br /> <br />Alternative financing sources: The LSPWCD actively sought alternative financing. They were <br />able to obtain a grant of in-kind services from NCWCD to cover project planning and <br />engineering, and a donation of project supplies from SPLRG (total combined value $20,000). <br />The LSPWCD approached the Bank of Colorado and SPLRG, both of which could provide <br />construction financing, but not long-term financing for the project. The il;>ankTe.tter ????? of <br />denial is included in Appendix I <br /> <br />Collateral: As security for the loan the LSPWCD will pledge assessments of the Enterprise <br />Fund backed by assessment covenant as well as revenues from the GASP contract to purchase <br />augmentation water from the new well. This security is in compliance with CWCB Loan Policy <br />#5 (Collateral). <br /> <br />EconolllicAnialysisrl7?? <br /> <br />If thepr9j~9Pi~,:,not compl~t~d fheannLJaf pro~uctionofJandsin~~'e .';;iii:, $erV'i~ear~aWduICi~p~ <br />r~dq~~Gi/dl.l,eto"',~urtailment c>flLiniOr w~tl$,"'~,~averaQe~etyielqpera9rewith\fVa~eris <br />~stimatedat$60'~?, compared tQi,a Gi'of $25??as" and. ThiS)TIeSRItSi'~ia;~r~~i~all~s's <br />of$....,..lacre x___aAre-$_.,.hi would conti~~e ear juni()rw~lIsar.E?x~,urttaHe~ <br />until they ar~augme>a;d~,i, ,,' I CO$tof$',",~~c!')A ,.,'"" nefiti~ftheprojemti~ <br />avoiding the, Finn UFiI economi~,,;Jit;l$$ Fissopiate the lackofaugl!OOlentatiO!iJwater within th~ <br />',x". ,> i ?????? <br />serv!.cexarea. . . . . . . <br /> <br />Social and Physical Impacts <br /> <br />The project will have no significant social impacts, since it will assure the continued operation of <br />existing irrigation wells. The project will have minor physical impacts, once construction is <br />complete. There will be a well head structure and surface pipeline to the Stateline Ditch. <br /> <br />Lower South Platte Water Conservancy District <br />Well and Recharge Ponds <br />May 2001 <br /> <br />Page 10 of 11 <br />