Revenue Bond Coverage | |||||||
Bradley Parking Garage | |||||||
Last Ten Fiscal Years | |||||||
(Expressed in Thousands) | |||||||
FOR THE YEAR ENDED JUNE 30, |
GROSS REVENUES(1) |
DIRECT OPERATING EXPENSES (2) |
NET REVENUE AVAILABLE FOR DEBT SERVICE |
DEBT SERVICE REQUIREMENTS | |||
---|---|---|---|---|---|---|---|
PRINCIPAL | INTEREST | TOTAL | COVERAGE | ||||
2002 | 17,498 | 11,691 | 5,807 | - | 3,575 | 3,575 | 1.62 |
2003 | 20,474 | 9,169 | 11,305 | - | 3,582 | 3,582 | 3.16 |
(1) Includes Operating and Non-Operating Revenues. | |||||||
(2) Includes Operating Expenses Less Depreciation, & Interest Expenses. | |||||||
SOURCE: Combining Statement of Net Assets |