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Greeley and Loveland Irrigation Company Consent Agenda Item 1a <br /> November 18-19, 2015 Board Meeting(Updated November 20, 2015) <br /> Page 5 of 5 <br /> TABLE 6: FINANCIAL RATIOS <br /> Financial Ratio Past 2 Years Future <br /> w/ Project <br /> Operating Ratio (revenues/expenses) 107% 105% <br /> weak: <100%I- average: 100% - 120% - strong: >120% (Average) (Average) <br /> $780K/$732K $968K/$920K <br /> Debt Service Coverage Ratio 132% 114% <br /> (revenues-expenses)/debt service (Strong) (Average) <br /> weak: <100%I- average: 100% - 120%I- strong: >120%1 $78$151 K81 K $96$339K81 K <br /> $151K $3393 <br /> Cash Reserves to Current Expenses 30% 12% <br /> weak: <50%I- average: 50% - 100%1- strong: >100%1 (Weak) (Weak) <br /> $218K/$732K $114K/$920K <br /> Annual Operating Cost per Acre-Foot (45,000 AF) $16 $20 <br /> weak: >$20 - average: $10 - $201- strong: <$10 (Average) (Average) <br /> 'weak: 1 $732/453 AF $9203/453 AF <br /> Collateral: Security for the loan will remain a pledge of assessment revenues backed by an assessment <br /> covenant and the Project itself (Boyd Lake High-Level Outlet and Horseshoe Lake High-Level Outlet). <br /> This is in compliance with the CWCB Financial Policy#5 (Collateral). <br /> cc: Ron Brinkman, General Manager, Greeley and Loveland Irrigation Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />