Laserfiche WebLink
North Poudre Irrigation Company Agenda Item 19a <br /> January 25-26, 2016 Board Meeting (Updated January 27, 2016) <br /> Page 5 of 5 <br /> TABLE 6: FINANCIAL RATIOS <br /> Financial Ratio Past 2 Years Future <br /> (2013-2014) w/ Project <br /> Operating Ratio (revenues/expenses) 102% 125% <br /> weak: <100% - average: 100% - 120% - strong: >120% (Average) (Strong) <br /> $2.11M/$2.07M $2.81M/$2.24M <br /> Debt Service Coverage Ratio 110% 202% <br /> (revenues-expenses)/debt service (Average) (Strong) <br /> weak: <100% - average: 100% - 120%I- strong: >120% $2.11M-$1.68M $2.81 68M <br /> $0..339MM $0.56M <br /> Cash Reserves to Current Expenses 22% 21% <br /> weak: <50% - average: 50% - 100%II- strong: >100%I (Weak) (Weak) <br /> $461K/$2.07M $461K/$2.24M <br /> Annual Operating Cost per Acre-Foot (44,400 AF) $47 $50 <br /> weak: >$20 - average: $10 - $20 - strong: <$10 (Weak) (Weak) <br /> t <br /> I" � $2.07M/44.4K AF $2.24M/44.4K AF <br /> Collateral: Security for the loan will remain a pledge of assessment revenues backed by an assessment <br /> covenant and an undivided 100% interest in Reservoir No. 4 Dam and Reservoir. This is in compliance <br /> with the CWCB Financial Policy#5 (Collateral). <br /> cc: Scott Hummer, Manager, North Poudre Irrigation Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />