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<br />TABLE 11.1
<br />
<br />CITY OF GREELEY, COLORADO
<br />SCHEDULE OF WATER GENERAL OBLIGATION BOND COVERAGE
<br />(Unaudited)
<br />
<br />Last Ten Fiscal Years
<br />
<br /> Net Revenue
<br /> Available
<br />Fiscal Gross For Debt Debt Service Requirement
<br />Year Revenue Expenses Service Prfncfpal Interest Total Coverage
<br /> 1976 $ 1,871,273 $ 867,068 $ 1,004,205 $ 367,000 $ 574,943 $ 941 ,943 1.07
<br /> 1977 2,264,015 837,339 1,426,676 415,000 892,490 1,307,490 1.09
<br /> 1978 2,818,428 1,039,112 1,779,316 470,000 669,628 1,139,628 1.56
<br /> 1979 3,007,955 1,276,430 1,731,525 505,000 852,599 1,357,599 1.28
<br /> 1980 3,649,864 1,595,865 2,053,999 635,000 979,266 1,614,266 1.27
<br /> 1981 3,920,769 1,685,164 2,235,605 690,000 935,007 1,625,007 1.38
<br /> 1982 4,789,645 1,980,832 2,808,813 710,000 1,130,764 1,840,764 1.53
<br /> 1983 6,069,627 2,229,920 3,839,707 815,000 1,446,371 2,261,371 1. 70
<br /> 1984 6,428,162* 2,363,499 4,064,663 855,000 1,334,727 2,189,727 1.86
<br /> 1985 $ 7,030,162** $ 3,447,097 $ 3,583,065 $ 860,000 $ 1,505,569 $ 2,365,569 1.5l
<br />* Includes $552,614 in water tap fees.
<br />** Includes $955,698 in water tap fees.
<br />
<br />Source: Comprehensive Annual Financial Report, Y.ear Ended December 31, 1985, Greeley, Colorado.
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