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Left Hand Ditch Company Agenda Item 33a <br /> May 9,2014(Updated May 23,2014) <br /> Page 4 of 4 <br /> TABLE 3: FINANCIAL RATIOS <br /> 2010-2011 (2) Future <br /> Financial Ratio w/Project „ <br /> Operating Ratio(operating revenues/operating expenses) 114% 105% <br /> weak: <100% - average: 100%- 120%1- stron_: >120% (average) (average) <br /> $304K/$266K $583K/$557K <br /> Debt Service Coverage Ratio 212% 110% <br /> (total eligible revenues-operating expenses)/total debt service (strong) (average) <br /> weak: <100% - average: 100%- 120% - strong: >120°/ ($304K-$232K)/$34K ($583K-$289K)/$268K <br /> Cash Reserves to Current Expenses 204% 57% <br /> weak: <50%I- average: 50%- 100%I- stron_: >100% (strong) (weak) <br /> $541 K/$266K $318K/$557K <br /> Annual Operating Cost per Acre-Foot(based on 22,700 AF) $12 $25 <br /> (weak: >$20 - average: $10- $20 - stron.: <$11 (average) (weak) <br /> $266K/22,700 $557K122,700 <br /> (2)As calculated in review of original loan request. <br /> Collateral: The security for the loan will remain a pledge assessment revenues backed by a rate <br /> covenant. This is in compliance with the CWCB Financial Policy#5 (Collateral). <br /> cc: Terry Plummer, Vice President of Maintenance and Operations, Left Hand Ditch Company <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />