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Larimer and Weld Irrigation Company Agenda Item 16a <br /> September 21-22,2016 Board Meeting(Updated September 22, 2016) <br /> Page 5 of 5 <br /> TABLE 5: FINANCIAL RATIOS <br /> Financial Ratio Past 3 Years Future <br /> w/ Project <br /> Operating Ratio (revenues/expenses) 115% 112% <br /> weak: <100% - average: 100% - 120% - strong: >120% (average) (average) <br /> $1.34M/$1.17M $1.34M/$1.20M <br /> Debt Service Coverage Ratio 231% 188% <br /> (revenues-expenses)/debt service (strong) (strong) <br /> weak: <100% - average: 100% - 120%I- strong: >120%I ($1.34M-$1.04M) ($1.34M-$1.04M) <br /> $0.13M $0.16M <br /> Cash Reserves to Current Expenses 40% 33% <br /> weak: <50% - average: 50% - 100% - strong: >100% (weak) (weak) <br /> $0.47M/$1.17M $0.39M/$1.20M <br /> Annual Operating Cost per Acre-Foot (85,000 AF) $14 $14 <br /> weak: >$20 - average: $10 - $20 r- strong: <$101 (average) (average) <br /> $1.17M/85K AF $1.20M/85K AF <br /> Collateral: As Security for this loan, the Company will pledge its assessment revenues back by an <br /> assessment covenant and the project itself (headgate structure). This is in Compliance with the CWCB <br /> Financial Policy#5 (Collateral). <br /> cc: Lynn Fagerberg, President, Larimer at Weld Irrigation Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />