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Centennial Water and Sanitation District Agenda Item 29a <br /> May 9,2014(Updated May 23,2014) <br /> Page 7 of 7 <br /> TABLE 6: FINANCIAL RATIOS <br /> Financial Ratio Past 3 Years Future <br /> w/Project <br /> Operating Ratio(revenues/expenses) 119% 117% <br /> weak: <100% - average: 100% - 120%I- stron.: >120°A (Average) (Average) <br /> $32.8M/$27.6M $36.3M/$31.1M <br /> Debt Service Coverage Ratio 178% 151% <br /> (revenues-expenses)/debt service (Strong) (Strong) <br /> weak: <100%I- average: 100%- 120%I- stron_: >120% ($32.8M-$20.9M) ($36.$1$6.7M $100..22M.9M� <br /> M <br /> Cash Reserves to Current Expenses 161% 127% <br /> weak: <50% - average: 50% - 100%I- strong: >100% (Strong) (Strong) <br /> $44.4M/$27.6M $39.5M/$31.1 M <br /> Debt per Tap(Based on 41,800 Taps) $1,480 $2,440 <br /> weak: >$5,0001- average: $2,500-$5,000 - stron:: <$2,501 (Strong) (Strong) <br /> 1 $61.9M/41.8K $102.1M/41.8K <br /> Average Monthly Water Bill $39 $42 <br /> 'weak: >$60 - average: $30-$60 - stron:: <$31 (Average) (Average) <br /> Collateral- Security for this loan will be a pledge of the District's operating revenues backed by a <br /> rate covenant as evidenced by annual financial reporting. Parity status will be required with the <br /> existing District revenue bonds. This security is in compliance with CWCB Loan Policy#5 <br /> (Collateral). <br /> cc: Bruce Lebsack, Director of Finance, Centennial Water and Sanitation District <br /> Susan Schneider/Jennifer Mele, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program—Project Data Sheet <br />