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Orchard Ranch Ditch Company Agenda Item 18a <br /> January 25-26, 2016 Board Meeting (Updated January 27, 2016) <br /> Page 5 of 5 <br /> TABLE 4: FINANCIAL RATIOS <br /> Future <br /> Financial Ratio Past Years w/ Project <br /> Operating Ratio (revenues/expenses) 106% 101% <br /> weak: <100%` - average: 100% - 120% - strong: >120%1 (average) (average) <br /> 1 1 $8.7K / $8.2K $16.8K / $16.6K <br /> Debt Service Coverage Ratio 103% <br /> (revenues-expenses)/debt service NA (average) <br /> weak: <100% - average: 100% - 120% - strong: >120% ($16.8K $9.2K) / <br /> $7.4K <br /> Cash Reserves to Current Expenses 62% 32% <br /> weak: <50% - average: 50% - 100%II - strong: >100%l (average) (weak) <br /> $5.1K / $8.2K $5.3K / $16.6K <br /> Annual Operating Cost per Acre-Foot Diversions (2,750 AF) $2.99 $6.04 <br /> tweak: >$20 - average: $10 - $20 - strong: <$1 (strong) (strong) <br /> I" $8.2K / 2,750 AF $16.6K / 2,750 AF <br /> Collateral: As security for the loan, the Company will pledge its assessment revenues backed by an <br /> assessment covenant and the Project itself (including the main diversion structure and new pipeline <br /> installed). This complies with CWCB Financial Policy#5 (Collateral). <br /> cc: Paul Kehmeier, Vice president, Orchard Ranch Ditch Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />