Colorado Water Resources & Power Development Authority Jan 2003

• Year: 2003
• Title: Board of Directors Meeting
• Author: Colorado Water Resoures & Power Development Authority
• Description: Board of Director Meeting Jan 24, 2003
• Publications - Doc Type: Other

CURRENT INDICATORS
Total Debt per Capita ($):
Total Debt +New Debt/Capita ($):
Total Debt/Tap ($):
Total Debt + New Debt/Tap ($):
Current Water Debt/Tap ($):
Current Water + New Water
Debt/Tap ($):
Total Debt/Assessed Value:
Total + New Water
Debt/Assessed Value:
Total Debt/Actual Value:
Total + New Water Debt/Actual
Value:
Current Water Debt + New
Debt/TapAMI:
Water Fund Current Ratio
(CA/CL):
Water Fund Reserves /Current
Expense:
Water Operating Ratio (OR/OE):
Coverage Ratio (TR- OE)/DS:
Coverage Ratio (TR- OE)/DS:
(Excluding Tap/Dev. Rev.):
Coverage Ratio With New Loan:
Coverage Ratio With New Loan:
(Excluding Tap/Dev. Rev.):
Current Annual Sewer
Rates/M II:
Current Rates + New Debt
Service/MHI:
1999
2000
2001
Weak
Average
Strong
851
1,220
1,155
>$2,000
X $1,000-2,000
_ <$1,000
3,021
X . >$2,000
_ $1,000 - 2,000
_ <$1,000
1,923
2,791
2,593
_ >$5,000
X $2,500 - 5,000
_ <$2,500
6,785
X >$5,000
_ $2,500 - 5,000
. _<$2,500_
_ •
1,111
1,038
948
_ >$2,000
_ $1,000 - 2,000
X <$1,000
5,410
11.57% 13.76% 12.73%
33.30 %
1.44% 1.73% 1.55%
4.06%
10.13%
448% 632% 566%
87% 107% 90%
128% 128% 115%
339% 311% 154%
118% 149% 89%
36.86%
21.34 %
0.71%
1.31%
X >$2,000 _ $1,000 - 2,000
>50% 25 -50%
_ >50% X 25 -50%
>10% 5 -10%
>10% 5 -10%
>20% X 10 -20%
_ <100% _ 100 -200%
_ <50% X 50 -100%
_ <100% X 100 -120%
<110% _ 110 -125%
X 5110% _ 110 -125%
X <110% 110 -125%
X <110% _ 110 -125%
>3.0% 1.5 -3.0%
>3.0% 1.5 -3.0%
_ <$1,000
X <25%
_ <25%
X <5%
X <5%
<10%
X >200%
_ >100%
>120%
X >125%
_ >125%
>125%
_ >125%
X <1.5%
X <1.5%
BOND RATING: None of the Town's debt has been rated by Fitch, Moody's or Standard & Poor's in the last five years.
ARTICLE X, SECTION 20 OF STATE CONSTITUTION (TABOR AMENDMENT): The Town will be required
to furnish an opinion on the proposed loan's compliance with Article X, Section 20 of the State Constitution (TABOR
Amendment).
SECTION 37 -60 -126 C.R.S. (1991 WATER CONSERVATION ACT): Colorado Revised Statutes call for
municipalities and other water utilities that provide at least 2,000 acre -feet of water per year to develop and adopt a water
conservation plan. The Town does not sell more than 2,000 acre -feet of water per year.
SECTION 37 -97 -101 C.R.S. (1990 WATER METERING ACT): Colorado Revised Statutes call for water service
suppliers with more than 600 unmetered taps to have 50% of those taps metered by January 1, 2000, and all remaining
unmetered taps metered by January 1, 2009. All but two of the Town's customers are supplied through metered taps.
These two taps represent a very small percentage of water system revenue.
ORGANIZATIONAL STRUCTURE: The Town of Lyons is governed by an elected mayor and a six member board
of trustees. It was incorporated in 1891. The water and sewer utilities are operated by a contractor whose staff is
responsible for all aspects of operations. The Town is responsible for operating the distribution system •
-The Town has generally been in compliance with Colorado statutory budgeting and auditing requirements for
the past five years.
-The Town prepares and maintains a ten year capital improvement plan as part of its regular budgeting
process.
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