Laserfiche WebLink
Louden Irrigating Canal and Reservoir Company Agenda Item 35b <br /> May 9,2014(Updated May 23,2014) <br /> Page 5 of 5 <br /> TABLE 6: FINANCIAL RATIOS <br /> Financial Ratio Past 2 Years Future <br /> w/Project <br /> Operating Ratio(revenues/expenses) 104% 104% <br /> I weak: <100% - 'average: 100% - 120% stron_: >120% (Average) (Average) <br /> II- <br /> $187K/$180K $196K/$189K <br /> Debt Service Coverage Ratio 170% 137% <br /> (revenues-expenses)/debt service (Strong) (Strong) <br /> weak: <100%I- average: 100%- 120%1- stron:: >120% $187K-$170K $196K-$170K <br /> $10K $19K <br /> Cash Reserves to Current Expenses 31% 1% <br /> I weak: <50% 'average: 50%- 100%II- strong: >100%11 (weak) (weak) <br /> II- <br /> $56K/$180K $1K/$189K <br /> Annual Operating Cost per Acre-Foot(8,000 AF) $22.50 $23.60 <br /> 'weak: >$20 I- 'average: $10- $20 stron:: <$11 (Weak) (Weak) <br /> II- <br /> $180K/8K AF $189K/8K AF <br /> Collateral: Security for this loan will be a pledge of the Company's assessment revenues backed by <br /> an assessment covenant, and the Project itself (diversion and headgate structure). This is in <br /> compliance with the CWCB Financial Policy#5 (Collateral). <br /> cc: Dale Leach, President, Louden Irrigating Canal and Reservoir Company <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />