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Upper Platte Et Beaver Canal Company Agenda Item 23a <br /> July 2, 2014 <br /> Page 2 of 6 <br /> TABLE 4: FINANCIAL RATIOS <br /> Future <br /> Financial Ratio Past 2 Years w/ Project <br /> 125% 122% <br /> Operating Ratio (revenues/expenses) (strong) (strong) <br /> weak: <100%I- average: 100% - 120%II - strong: >120%I $339.6K1 $359.7K/ <br /> $339.6K/$272.0K $359.7K/$295.1K <br /> Debt Service Coverage Ratio 741% 292% <br /> (revenues-expenses)/debt service (strong) (strong) <br /> ($359.7K- <br /> weak: <100% - average: 100% - 120% - strong: >120% $261.5K)/$10.5K 1.5K)/$3 <br /> $261.53)/$10.53 $261.53)/$33.63 <br /> Cash Reserves to Current Expenses 39% 29% <br /> weak: <50%I 1- average: 50% - 100%`` - strong: >1001 (weak) (weak) <br /> $106.43/$272.03 $85.5K/$295.1K <br /> Annual Operating Cost per Acre-Foot (32,500) $ 8.37 $ 9.08 <br /> (weak: >$20I - average: $10 - $20 - strong: <$101 $27 .0K/(strong)500 $29(5.1K/32)500 <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 & Beaver Canal Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Project Data Sheet <br />