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Inverness Water and Sanitation District Agenda Item 30b <br /> May 9,2014(Updated May 23,2014) <br /> Page 7 of 7 <br /> TABLE 5: EXISTING DEBT <br /> Lender Original Current Annual Maturity Collateral <br /> Balance Balance Payment Date <br /> Series 2006A Bonds $ 17,000,000 $ 11,315,000 $ 1,706,828 12/1/2019 Property Tax Levy <br /> Series 2012 Bonds $ 10,000,000 $ 10,000,000 $ 668,723 12/1/2022 Property Tax Levy <br /> Totals $ 27,000,000 $ 21,315,000 $ 2,375,551 <br /> TABLE 6: FINANCIAL RATIOS <br /> Future <br /> Financial Ratio Past 3 Years wI Project <br /> Operating Ratio(revenues/expenses) 104% 100% <br /> weak: <100%I- average: 100%- 120%I- stron_: >120% (average) (average) <br /> $5.3M/$5.1M $5.4M/$5.4M <br /> Debt Service Coverage Ratio 109% 100% <br /> (revenues-expenses)/debt service (average) (average) <br /> weak: <100% - average: 100%- 120% - strong: >120% ($5.3M- - <br /> 1 i 1 $2.7M)/$2.4M $2.7M)/$27$5/$2.7M <br /> Cash Reserves to Current Expenses 138% 129% <br /> weak: <50% - average: 50%- 100%I- stroll:: >100% (strong) (strong) <br /> $7.0M/$5.1M $7.0M/$5.4M <br /> Monthly Residential Water Bill $50 $55 <br /> weak: >$60 I- average: $30 - $60 I- stron.: <$3 I (average) (average) <br /> Collateral- Security for this loan will be a pledge of the District's property tax revenues backed by a <br /> rate covenant and annual financial reporting. Parity status will be required with all existing loans <br /> secured with the same revenue as this loan. This security is in compliance with CWCB Loan Policy#5 <br /> (Collateral). <br /> cc: Patrick Mulhern, General Manger, Inverness Water& Sanitation District <br /> Eric Hecox, Executive Director, South Metro Water Supply Authority <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />