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Grand Mesa Water tonservancy District <br />May i7-18, Z017 Board Meeting (Updated May 19, 2017) <br />Page 4 of 4 <br />TABLE 3: FINANCIAL RATfOS <br />Agenda Item 28b <br />Past 3 Years Future <br />�inancial Ratio {O�igina! 2015 - 2016 w/ Project <br />A roval <br />Operating Ratio (revenues/expenses) t43% 1�6� 115% <br />(Strong) (5trong) {Average) <br />weak:<100% • average:t00� - 120� - strong: >120% S57KlS40K S64.4K/536.6K $64.4K1556.1K <br />Debt Service Coverage Ratio 143% <br />(revenues-expenses)/debt service N/A N/A (Strong) <br />weak: <100� - average: 100� - 120% - strong: >120 (�64•$ 95�K•6K�/ <br />Cash Reserves to Current Expenses 80% 382X 3% <br />�weak: <50� - average: 50% - 100% - strong: >100 {Average) (Strong} (Weak) <br />� S32K /S40K $139.8K/$36.6K S2.QK/S56.1K <br />Note: These financral rQtios show Distrirt ond enterprise revenues and expenses combined. <br />Coflateral: Security for this Ioan witl remain a pledge of the District's water activity enterprise <br />revenues backed by a rate covenant and annual financial reporting. This is in compliance with the <br />CWCB Financiat Policy !#5 (Cotlateral). <br />cc: AusCin Keiser, President, Grand Mesa Water Conservancy District <br />Jennifer Mele, Colorado Attorney General's Office <br />Attachments: Water Project Loan Program Project Data Sheet <br />�riginal Board Memo (updated May 16, 2013) <br />