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Castle Pines North Metropolitan District Agenda Item 29c <br /> May 9,2014(Updated May 23,2014) <br /> Page7of7 <br /> TABLE 5: EXISTING DEBT <br /> Name Original Current Annual Maturity Collateral <br /> Balance Balance Payment Date <br /> 2006A Bond $14,310,000 $5,655,000 $1,465,463 2018* Property Taxes <br /> 2006B Bond $5,700,000 $5,700,000 $284,775 2027* Property Taxes <br /> 2008 Cert.of <br /> $8,585,000 $7,535,000 $490,539 2033 Rueter-Hess water storage rights <br /> Participation <br /> 2009 Cert of $16,075,000 $14,660,000 $882,445 2034 Ditch shares,Interconnect <br /> Participation pumphouse/pipeline <br /> Total $33,550,000 $3,123,222 <br /> *Scheduled to be paid off in 2017. <br /> TABLE 6: ENTERPRISE FINANCIAL RATIOS <br /> Financial Ratio Past 3 Years Future <br /> w/Project <br /> Operating Ratio(revenues/expenses) 170% 148% <br /> weak: <100%II 120% - strong: >120%� (Strong) (Strong) <br /> 1- average: - $4.13M/$2.43M $4.13M/2.79M$ <br /> Debt Service Coverage Ratio 472% <br /> (revenues-expenses)/debt service NA (Strong) <br /> weak: <100%I- average: 100%- 120%I- stron:: >120° ($4.1$$0.30.362.43M) <br /> 6M <br /> Cash Reserves to Current Expenses 263% 203% <br /> weak: <50%`- average: 50%- 100%I- strong: >100%1 (Strong) (Strong) <br /> 1 $6.38M/2.43M$ $5.67M/2.79M$ <br /> Debt per Tap(Based on 3,000 Taps) $2,130 <br /> (Strong) <br /> weak: >$5,0001- average: $2,500- $5,000 I- strong: <$2,5001 NA $6 39M/3K <br /> Average Monthly Water Bill $100 $100 <br /> 'weak: >$60 I- average: $30- $60 1- stron_: <$3 (Weak) (Weak) <br /> Collateral- Security for this loan will be a pledge of the District's water activity enterprise <br /> revenues backed by a rate covenant as evidenced by annual financial reporting. This security is in <br /> compliance with CWCB Loan Policy#5 (Collateral). <br /> cc: Jim Nikkel, District Manager, Castle Pines North Metropolitan District <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />