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Lookout Mountain Water District Agenda Item 7a <br /> November 18-19, 2015 Board Meeting (Updated November 20, 2015) <br /> Page 6 of 6 <br /> TABLE 6: FINANCIAL RATIOS <br /> Financial Ratio Past Years <br /> Future <br /> w/ Project <br /> Operating Ratio (revenues/expenses)111 170% 157% <br /> weak: <100%1 - average: 100% - 120% - strong: >120% (strong) (strong) <br /> $690K / $406K $920K / $585K <br /> Debt Service Coverage Ratio(2) 502% 234% <br /> (revenues-expenses)/debt service (strong) (strong) <br /> weak: <100%1 - average: 100% - 120%I - strong: >120%1 ($690K $335K) / ($920K $335K) / <br /> $71K $250K <br /> Cash Reserves to Current Expenses 78% 111% <br /> weak: <50%1- average: 50% - 100% - strong: >100% (average) (strong) <br /> $316K / $406K $651K / $585K <br /> Debt per Tap (502 active taps)(2) $2,092 $8,266 <br /> weak: >$5,000 - average: $2,500-$5,0001- strong: <$2,500I (strong) (weak) <br /> $1.05M/502 $4.15M/502 <br /> Average Monthly Water Bill $40 $71 <br /> weak: >$60 - average: $30- $60 - strong: <$30I (average) (weak) <br /> (1) Future w/ Project revenues include an average of the first three years of increased revenue due from 9.75% <br /> rate increases recommended by the District's Rate study. <br /> (2) Only debt service tied to the District's water activity enterprise is included in this metric. <br /> Collateral: As security for the loan, the District will pledge its water activity enterprise revenues <br /> backed by a rate covenant. This is in compliance with the CWCB Financial Policy #5 (Collateral). <br /> cc: Christina Shea, District Administrator <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />