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Prairie Ditch Company Agenda Item alb <br /> May 9,2014(Updated May 23,2014) <br /> Page 5 of 5 <br /> Creditworthiness: The Company has no existing debt. <br /> TABLE 3: FINANCIAL RATIOS <br /> Future <br /> Financial Ratio Past 3 Years w/Projects <br /> Operating Ratio(operating revenues/operating expenses) 104% 103% <br /> weak: <100% 100% - 120% - stront: >120% (Average) (Average) <br /> I- average: $78K/$75K $93K/$90K <br /> Debt Service Coverage Ratio 120% <br /> (total eligible revenues-operating expenses)/total debt service NA (Average) <br /> weak: <100%I- average: 100%- 120% - stron,: >120% ($93K-$75K) <br /> $15K <br /> Cash Reserves to Current Expenses 89% 74% <br /> weak: <50%`- average: 50%- 100% - stron.: >100% (Average) (Average) <br /> $67K/$75K $67K/$90K <br /> Annual Operating Cost per Acre-Foot(based on 16,000 AF) $4.70 $5.60 <br /> (weak: >$20 - average: $10- $20 - stron_: <$11 (Strong) (Strong) <br /> $75K/16K AF $90K/16K AF <br /> Collateral: Security for this loan will be a pledge of assessment revenues backed by an assessment <br /> covenant, and the Project itself(diversion dam and headgate structure). This is in compliance with <br /> CWCB Financial Policy#5 (Collateral). <br /> cc: LaVern Hart,President, Prairie Ditch Company <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />