CT2016-2004 Approval Letter

• Contract/PO #: CT2016-2004
• Contractor Name: Parkville Water District
• Contract Type: Grant/Loan Combo
• Loan Projects - Doc Type: Approval Letter

Parkville Water District Agenda Item 23c
September 15-17, 2015 Board Meeting(Updated September 18, 2015)
Page 8 of 8
TABLE 6: FINANCIAL RATIOS
Financial Ratio Past Years Future
w/ Project
Operating Ratio (revenues/expenses) 128% 131%
weak: <100% - average: 100% - 120% - strong: >120% (strong) (strong)
$1.33M / $1.04M $1.39M / $1.06M
Debt Service Coverage Ratio 420% 389%
(revenues-expenses)/debt service (strong) (strong)
weak: <100% - average: 100% - 120%I- strong: >120% ($1.33M-$944K) / ($1.39M-$944K) /
$92K $114K
Cash Reserves to Current Expenses 65% 89%
weak: <50% - average: 50% - 100% - strong: >100% (average) (average)
$671K / $1.04M $946K / $1.06M
Debt per Tap (2,336 taps) $483 $561
weak: >$5,000 1- average: $2,500-$5,000 - strong: <$2,5001 (strong) (strong)
$1.13M/2,336 $1.31M /2,336
Average Monthly Water Bill $37.88 $39.40
weak: >$60 - average: $30- $60 - stron•: <$31 (average) (average)
Collateral: As security for the loan, the District will pledge its water revenues backed by a rate
covenant . This is in compliance with the CWCB Financial Policy#5 (Collateral).
cc: Greg Teter, District Manager
Susan Schneider/Jennifer Mete, Colorado Attorney General's Office
Attachment: Water Project Loan Program - Project Data Sheet