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District Revenue and Repayment Sources <br />The District currently receives property tax revenue for the repayment of a General <br />Obligation Bond. Revenue projections are based on the assumption that the tax <br />revenue will not continue after the bond is defeased in 2013. The total income and <br />expenses in Table No. 2 will remain the same regardless. <br />The primary sources of revenue that will be used for repayment are service fees and <br />system development fees. Net investment income and other miscellaneous revenue are <br />also available for loan repayment. Cash reserves used for future capital projects are <br />also available for repayment. <br />The 2011 Service Fee Rate structure and System Development Fee charges are <br />included in Appendix E. The District bills on a quarterly basis. <br />The District has one long-term debt with a balance of $1.8 million with annual payments <br />of $602,000 and a maturity date of 2013. This is a General Obligation Bond and is not <br />included in debt service calculations since property tax revenues are specifically <br />dedicated to repayment of this loan and revenues will not continue after the bond is paid <br />off. <br />Financial Impacts and Need <br />The District's primary need for this project is to improve system reliability by enabling the <br />District to better respond to a catastrophic event that would render its direct flow sources <br />untreatable or unavailable. A catastrophic event could be the result of drought; forest <br />fires; raw water contamination; or unacceptable raw water turbidities; or loss of raw <br />water delivery facilities due to fire, mudslides, etc. As the District currently doesn't have <br />significant raw water storage reserve available, an interruption in direct flows could <br />significantly impair the District in meeting its municipal demands. <br />The District does not anticipate that additional assessments or increases in User Fees <br />will be necessary to cover the expenditures for this project. <br />Repayment Sources <br />The District's primary sources of revenue that will be used for repayment are service <br />fees and system development fees. <br />�,a u�. W Ulheeler nnd puvciates, Inc. Feasibility of Enlargment of Ziegler Reservoir <br />�'1 O1JaCar Rasaur¢�s frtgin�acrs Page 14 <br />