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Big Thompson and Platte River Ditch Company <br />October 18, 2013 (Updated October 21, 2013) <br />Page 4 of 4 <br />TABLE 4: FINANCIAL RATIOS <br />Agenda Item 8e <br />Financial Ratio <br />Past 2 Years <br />Future <br />w/ Project <br />Operating Ratio (revenues /expenses) <br />111% <br />100 %* <br />weak: <100% vera e: 100% -'120% strop : >120% <br />(Average) <br />(Weak/Average) <br />$51K/$46K <br />$68K/$68K <br />Debt Service Coverage Ratio <br />150% <br />76% <br />(revenues- expenses) /debt service <br />(Strong) <br />(Weak) <br />weak: <100% Vera e: 100% - 120% U strop : >120%1 <br />51K -36K <br />$10K <br />$68K - $36K <br />$42K <br />Cash Reserves to Current Expenses <br />2% <br />1% <br />weak: <50/7.1 laverage: 50% - 100% strop : >100% <br />(Weak) <br />$1 K/$46K <br />(Weak) <br />$1 K/$68K <br />Annual Operating Cost per Acre -Foot (9,736 AF) <br />$4.72 <br />$6.98 <br />eak: >$20 vera e: $10 - $20 U stron : <$10 <br />(Strong) <br />(Strong) <br />$68K/9,736 AF <br />$46K/9,736 AF <br />*Assumes a new assessment of $572 1share. <br />Collateral: As security for the loan, the Company will pledge its assessment revenues backed by a <br />rate covenant and the Project itself (the Big Thompson and Platte River Ditch Company diversion <br />dam). This is in compliance with the CWCB Financial Policy #5 (Collateral). <br />cc: Gene Kammerzell, President, Big Thompson and Platte River Ditch Company <br />Susan Schneider /Jennifer Mele, Colorado's Attorney General Office <br />Attachment: Water Project Loan Program — Project Data Sheet <br />