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<br />CenlralCOlOrldoWCO <br />No.amt>er19-21,200J <br /> <br />AgaMIII....8c <br /> <br />Table 3. Groundwater Management Subdistrict. CCWCD <br />Financial Summary - Total CWCB L.oans <br /> <br />Prl:l:i~eost <br />~WCB L.o~ns (Total amount) <br />eWCB L.oan Pa)'ment (includes 10% reserve.) <br />Current Tax Revenues <br />Tax Re\/EIool!s f~uirad with ewes Ioar1 <br />Current ~menlatioo Assessmeol$ <br />Au ml!rllalion Assessments Wltllloao <br />AMualloan (;(1st r acre-foot 9,500 aae~feet <br /> <br />, <br /> <br />$22,85 milliOn <br />. 'S:20miliioo <br />$1,07f561 <br />$666~~55. <br />1J.11..216, <br />J182,058 <br />$182,058 <br />$113 <br /> <br />Waler is used almost exduslvely for augmef!latKlO of jumor agricultural wells, (Only 6 or <br />the Sub<:lIslrlcl's 966 member weils supply water for municipal purposes) The CWC6 <br />Agr,,=ulturalloan rate of 2 5% for 30 years wolAd i1Pply to thiS follow-up loan. <br /> <br />C,edi! wonhiness The GMS-CCWCD has an existing $10 mllhon short term loan <br />whlCl'l WIg tle paid off uSJng funds trom tne $15 mill'on ewcs loan recommended <br />Novamber 2002. Total debl Will be $20 mllhon. if the $5 million lollow-up CWC610an is <br />approved. Tablll 4 oompa'es the rinanclal rat;os in 2002 (prior to the issual1ceof any <br />debl) With the financial rallOs, assum'ng $20 million In ewes loans, The Financial <br />Ratoos ind,,:ate, wllh the exceplKlO of the Cost per acre-fool. average 10 strong a billlyto <br />repaYWltn the projeet In place. <br /> <br />Table4. financial Ratios <br /> <br />Financial RalJo lrVith.outlhe~ro1.efL ~ifhfh!p-rojecl <br />Operal'r'ig R.:ll;o (revenue1expense) 149% 118% <br />""lal<.lOnlnlnlOO% (strong) (average) <br />~:tDmlo_120'1'0 <br />al~~IM<lllO'l1o <br />Debit $eMce Covel"age Ralio No debt 125% <br />(revenues.expenses)/debtserviCll (strong) (strung) <br />_".. leS$ltill'l 100"" <br />a.e'lgo.l~-12~'t. <br />...'l>rIgg~""!j!:Iar112:.... <br />Cash Reserves to Current Exoonse 84% 51% <br />we.1O.1eS11Nln50.... (average) (average) <br />_rag9.50"4-1()(1% <br />11rO<1!1:...g'ealllflhanlOO,," $78 <br />Annual COSI per Acre-Fool (22,260 AF Average '29 <br />annual deplelions CQvered) (wvak) (weak) <br />""'I': Q'~~I~rl~an $20 <br />.1Ovo'8\l0'$10-520 <br />". . '""Inan $10 <br /> <br />As secunty for the kJan the GMS-CCWCD WIll pledge Tax revenues baCked by rate <br />coverlant ThiS se<:unty is in compl,ance With ewcs loan PoI,ey #5 (CoIlalllral) <br /> <br />, <br />