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Consolidated Home Supply Ditch and Reservoir Company Consent Agenda Item 2a <br /> July 16-17, 2014 Board Meeting(Updated July 18,2014) <br /> Page 4 of 4 <br /> TABLE 3: EXISTING DEBT <br /> Lender Original Current Annual Maturity Collateral <br /> Balance Balance Payment Date <br /> USDA Rural $650,000 $71,861 $27,157 12/10/2015 Assessments <br /> Development <br /> CWCB (C150082) $533,000 $412,497 $29,024 3/1/2034 Mariano Reservoir and <br /> Dam; Assessments <br /> CWCB (C150375) $1 616,000 Not Yet $85 308 2044 Big Dam Diversion It <br /> ' Disbursed Headgate, Assessments <br /> TABLE 4: FINANCIAL RATIOS <br /> Financial Ratio Past 3 Years Future <br /> w/Project* <br /> Operating Ratio (revenues/expenses) 101% 110% <br /> weak: <100%I- average: 100% - 120% - strong: >120% (Average) (Average) <br /> $328K/$324K $452K/$411K <br /> Debt Service Coverage Ratio 107% 129% <br /> (revenues-expenses)/debt service (Average) (Strong) <br /> weak: <100%1- average: 100% - 120%1- strong: >120%1 $328K $268K $452K $268K <br /> $56K $143K <br /> Cash Reserves to Current Expenses 59% 46% <br /> (Average) (Weak) <br /> weak: <50%I- average: 50% - 100%I- strong: >100%1 <br /> $191K/$324K $191K/$411K <br /> Annual Operating Cost per Acre-Foot (22,000 AF) $15 $19 <br /> 'weak: >$20 - 'average: $10 - $20 - strong: <$1011 (Average) (Average) <br /> $324K/22K AF $411 K/22K AF <br /> *Assumes full disbursement of Emergency Loan C150375 and retirement of USDA Rural <br /> Development loan. <br /> Collateral: Security for the loan will remain a pledge of assessment revenues backed by rate covenant <br /> and the George Rist Ditch diversion structure and headgate. This is in compliance with the CWCB <br /> Financial Policy#5 (Collateral). <br /> cc: Minerva Lee, President, Consolidated Home Supply Ditch and Reservoir Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />