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PROJ02076
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PROJ02076
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Last modified
6/17/2010 10:03:59 AM
Creation date
7/11/2007 1:56:50 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C150011
Contractor Name
Consolidated Mutual Water Company, The
Contract Type
Loan
Water District
7
County
Jefferson
Bill Number
SB 99-173
Loan Projects - Doc Type
Approval Letter
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<br />" <br /> <br />Consolidated Mutual Financial Ratios <br /> <br />With Additional Loan of $4,600,000 <br /> <br />Projection for Year 2003 <br /> <br />Operating Debt per <br />Ratio 1 Ta 3 <br />140.62% $1,019 <br />Stron Stron Stron <br />(1) Operating revenue/operating expense <br />(2) (Total eligible revenues-operating expense)/total debt ser <br />(3) Total long-term debt/number of taps <br /> <br />Cash Res to <br />Current Ex <br />50.91 % <br />Avera e <br /> <br />Revenues = $14,800,000 <br />O&M Expense = $10,525,000 <br />Total loan = $16.3m + $4.6m = $20.9m <br /> <br />Assume no other long-term debt <br /> <br />Combined lending rate about 5.0% <br /> <br />Annual payments about $2,706,600 for 10 years <br />Cash reserves at beginning of year = $5,358,734 <br />
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