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<br />Town of Kremmling <br />Water Fund <br />Revenues, Expenses and Net Revenue Available for Debt Service <br />1987-2001 <br /> <br />1997 <br /> <br />1998 <br /> <br />1999 <br /> <br />2000 <br /> <br />2001 <br /> <br />Revenues $194,914 $ 246,766 $ 288,aoo-l;284,574 $:341,822 <br /> <br />Operating Expenses $123,251 $ 126,592 $ 146,778 $ 191,412 $ 223,305 <br /> <br />Net Revenue avail. <br />for Debt Service $ 71,663 $ 120,174 $ 142,112 $ 93,162 $'118,517 <br /> <br />Proposed CWCS <br />loan payment $ 59,600 $ 59,600 $ 59,600 $ 59,600 $ 59,600 <br /> <br />Debt Service coverage <br />CWCS loan only <br /> <br />120% <br /> <br />202% <br /> <br />238% <br /> <br />156% <br /> <br />199% <br /> <br />U.S. Dept. of Ag. <br />loan payment <br /> <br />$ 42,835 $ 42,835 $ 42,835 $ 42,835 $ 42,835 <br /> <br />Debt Service coverage <br />both loans <br /> <br />70% <br /> <br />117% <br /> <br />139% <br /> <br />91% <br /> <br />116% <br /> <br />The debt service coverage calculations are presented to show the amount of revenue available <br />to pay debt service in previous years. The Town plans to increase water service charges <br />in an amount sufficient to cover the payment on the cwes loan. <br />