PROJC01797 ‎(2)‎

• Contract/PO #: C150265
• Contractor Name: Supply Irrigating Ditch Company
• Contract Type: Loan
• Water District: 0
• County: Boulder
• Loan Projects - Doc Type: Approval Letter

Financial Analysis
A summary of the financial aspects of the project are presented below in Table 2.
Creditworthiness:
The Company's assessments will be increased by $202 per share to cover the debt services
associated with the CWCB loan. The increase will be presented to the shareholders for approval
in January of 2010.
The financial ratios for the Company are shown in Table 3 below.
Table 3. Financial Ratios
Financial Ratio Past 3 Years With amended
project 2010+
Operating Ratio (revenues/expenses) 124% 114%
weak: <100% - average: 100% - 120% - �tron : >120°/ (strong) (average)
$129k/ 104k 21 Ok/ 184k
Debt Service Coverage Ratio 131%
(revenues-expenses)/debt service n/a (strong)
weak: <100% - average: 100% - 120% - stron :>120°/ 210k-104k/81k
Cash Reserves to Current ExQenses 23% 13%
(weak) (weak)
weak: <50% - avera�e: 50% - 100% - stron :>100% 24k/104k (24k/184k)
Annual Operating Cost per Acre-Ft. ( 4,800AF)* $22 $38
eak: >$ 2 raverage: $10 - $20 - stron : <$1 (Weak) (weak)
*total water delivered by the system. 104k/4,800 af 184k/4,800 af