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Lake McIntosh Reservoir Company Agenda Item 18b <br /> January 25-26, 2016 Board Meeting (Updated January 27, 2016) <br /> Page 5 of 5 <br /> TABLE 5: FINANCIAL RATIOS <br /> Future <br /> Financial Ratio Past 3 Years w/Project <br /> Operating Ratio (revenues/expenses) 231% 109% <br /> weak: <100%I - average: 100% - 120% - strong: >120% (Strong) (Average) <br /> $60K/$26K $130K/$119K <br /> Debt Service Coverage Ratio 112% <br /> (revenues-expenses)/debt service NA (Average) <br /> weak: <100% - average: 100% - 120% - strong: >1204 ($128K $26K) <br /> $93K <br /> Cash Reserves to Current Expenses 419% 58% <br /> weak: <50% - average: 50% - 100% - strong: >100%I (Strong) (Average) <br /> $109K/$26K $69K/$119K <br /> Annual Operating Cost per Acre-Foot (1,533 AF) $17 $78 <br /> (weak: >$20 j - average: $10 - $20 - strong: <$10 (Average) (Weak) <br /> $26K/1,533 AF $119K/1,533 AF <br /> Collateral: Security for this loan will be a pledge of the Company's assessment revenues backed by an <br /> assessment covenant, and an undivided one-hundred percent (100%) interest in Lake McIntosh Dam and <br /> Reservoir and all associated appurtenances, rights-of-ways, easements, and the underlying parcel. This <br /> is in compliance with the CWCB Financial Policy#5 (Collateral). <br /> cc: Nelson Tipton, President, Lake McIntosh Reservoir Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />