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Central Colorado Water Conservancy District Agenda Item 29e <br /> May 9,2014(Updated May 23,2014) <br /> Page 7 of 7 <br /> TABLE 5: DISTRICT, GMS, & WAS EXISTING DEBT <br /> Contracting Original Current Annual Maturity <br /> Lender Collateral <br /> Entity Balance Balance Payment Date <br /> CWCB $15,000,000 $12,106,714 $740,766 6/1/2035 + GMS Property <br /> (C150117) Taxes <br /> CWCB GMS $4,513,200 $3,612,460 $215,630 6/1/2035 GMS Property <br /> (C150160) Taxes <br /> CWCB WAS $14,934,612 $13,888,360 $713,541 6/1/2040 WAS Property <br /> (C150194) Taxes <br /> CWCB* WAS $3,030 000* $3,030,000* $130,683* N/A* WAS Property <br /> (C150337) Taxes,Water Rights <br /> 2013 Bond District $30,000,000 $30,000,000 1,461,000 2035 3 Mill Tax Levy <br /> Total $62,637,534 $3,261,620 <br /> * C 150337 loan project is not yet complete.Balance and annual payment shown assume a full disbursement. <br /> TABLE 6: DISTRICT FINANCIAL RATIOS <br /> Financial Ratio Past 3 Years Future <br /> w/Project(1) <br /> Operating Ratio(revenues/expenses) 73% 139% <br /> weak: <100% - average: 100%- 120% - stron_: >120% (Weak) (Strong) <br /> $1.1M/$1.5M $3.9M/$2.8M <br /> Debt Service Coverage Ratio 139% <br /> (revenues-expenses)/debt service N/A (Strong) <br /> weak: <100% - average: 100%- 120% - stron:: >120°/ ($3.9M-$0.OM) <br /> $2.8M <br /> Cash Reserves to Current Expenses 420% <br /> weak: <50% - average: 50%- 100%`- strong: >100% (Strong) NA <br /> 1 $6.3M/$1.5M <br /> (1) Future w/Project ratios are restricted to only that revenue which is legally available to pay the debt service <br /> (2012 Ballot Question CCWCD Question 4A 3 Mill tax levy), and the expenses that can legally be paid by said <br /> revenue(2013 Bond and this CWCB loan debt service). <br /> Collateral- Security for this loan will be the voter approved tax levy issued pursuant to the 2012 <br /> ballot question CCWCD Question 4A, and annual financial reporting. Parity status will be required <br /> with the existing 2013 Bond. This security is in compliance with CWCB Loan Policy#5 <br /> (Collateral). <br /> cc: Randy Ray, Executive Director, Central Colorado Water Conservancy District <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />