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Upper Platte Et Beaver Canal Company Agenda Item 23a <br /> July 16-17, 2014 Board Meeting(Updated July 18, 2014) <br /> Page 6 of 6 <br /> TABLE 4: FINANCIAL RATIOS <br /> Future <br /> Financial Ratio Past Years w/Project <br /> Operating Ratio (revenues/expenses) 101% 101% <br /> weak: <100% - average: 100% - 120% - strong: >120%1 (average) (average) <br /> $261.6K/$259.6K $284.7K/$282.7K <br /> Debt Service Coverage Ratio 119% 106% <br /> (revenues-expenses)/debt service (average) (average) <br /> weak: <100% - average: 100% - 120%1 - strong: >120% ($261.6K ($284.7K <br /> $249K)/$10.5K $249K)/$33.6K <br /> Cash Reserves to Current Expenses 29% 19% <br /> weak: <50% - average: 50% - 100% - strong: >100%I (weak) (weak) <br /> $75K/$259.6K $54K/$282.7K <br /> Annual Operating Cost per Acre-Foot (32,500) $ 7.99 $ 8.70 <br /> Peak: >$20 I - average: $10 - $201- strong: <$101 (strong) (strong) <br /> $259.6K/32500 $282.7K/32500 <br /> Collateral: As security for the loan, the Company will pledge assessment revenues backed by a rate <br /> covenant in compliance with the CWCB Financial Policy#5 (Collateral). <br /> cc: Bart Ginther, Secretary/Treasurer, Upper Platte Et Beaver Canal Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Project Data Sheet <br />