Pledged-Revenue Coverage
Last Ten Fiscal Years
(Expressed in Thousands)
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
University of Connecticut and Health Center
Gross Revenues $1,408,197 $1,476,058 $1,578,763 $1,577,646 $1,806,256 $1,786,129 $1,774,037 $1,975,204 $1,814,856 $2,236,397
Operating Expenses 1,270,111 1,327,713 1,388,753 1,482,749 1,592,289 1,569,966 1,673,797 1,669,601 1,738,237 1,915,644
Net Available Revenues $138,086 $148,345 $190,010 $94,897 $213,967 $216,163 $100,240 $305,603 $76,619 $320,753
Debt Service:
Principal $57,660 $61,964 $69,921 $74,846 $76,148 $79,655 $95,962 $90,400 $61,905 $17,810
Interest 11,158 13,032 15,901 15,897 52,307 53,523 52,730 49,723 52,254 50,069
Total $68,818 $74,996 $85,822 $90,743 $128,455 $133,178 $148,692 $140,123 $114,159 $67,879
Coverage 2.01 1.98 2.21 1.05 1.67 1.62 0.67 2.18 0.67 4.73
State Universities
Gross Revenues $529,180 $549,800 $580,879 $631,477 $629,832 $669,388 $702,729 $687,772 $722,893 $815,596
Operating Expenses 464,940 496,923 529,744 568,197 589,022 599,792 588,571 589,972 603,660 651,797
Net Available Revenues $64,240 $52,877 $51,135 $63,280 $40,810 $69,596 $114,158 $97,800 $119,233 $163,799
Debt Service:
Principal $63,673 $16,294 $79,813 $18,669 $19,163 $18,976 $32,986 $69,526 $16,211 $18,052
Interest - - - - - - 11,851 11,572 10,300 11,654
Total $63,673 $16,294 $79,813 $18,669 $19,163 $18,976 $44,837 $81,098 $26,511 $29,706
Coverage 1.01 3.25 0.64 3.39 2.13 3.67 2.55 1.21 4.50 5.51
Bradley International Airport
Gross Revenues $60,618 $60,740 $63,314 $64,576 $57,027 $56,517 $64,066 $64,530 $64,098 $-
Operating Expenses 32,649 33,871 38,636 39,692 40,342 38,445 41,726 40,368 43,604 -
Net Available Revenues $27,969 $26,869 $24,678 $24,884 $16,685 $18,072 $22,340 $24,162 $20,494 $-
Debt Service:
Principal $8,780 $10,140 $8,430 $9,410 $9,605 $10,145 $172,075 $13,290 $14,245 $-
Interest 11,357 11,151 10,684 10,257 10,259 9,789 9,448 7,279 6,106 -
Total $20,137 $21,291 $19,114 $19,667 $19,864 $19,934 $181,523 $20,569 $20,351 $-
Coverage 1.39 1.26 1.29 1.27 0.84 0.91 0.12 1.17 1.01 #DIV/0!
Clean Water
Gross Revenues $47,439 $54,295 $55,955 $50,557 $52,232 $64,648 $59,714 $60,032 $77,527 $56,751
Operating Expenses 755 856 747 564 465 8,502 9,468 11,078 10,971 3,093
Net Available Revenues $46,684 $53,439 $55,208 $49,993 $51,767 $56,146 $50,246 $48,954 $66,556 $53,658
Debt Service:
Principal $38,207 $34,386 $62,192 $42,520 $46,897 $53,745 $67,310 $70,687 $70,578 $70,603
Interest 26,985 25,220 29,436 22,048 23,635 37,113 32,724 35,226 33,057 32,582
Total $65,192 $59,606 $91,628 $64,568 $70,532 $90,858 $100,034 $105,913 $103,635 $103,185
Coverage 0.72 0.90 0.60 0.77 0.73 0.62 0.50 0.46 0.64 0.52
Second Injury & Compensation Assurance¹
Gross Revenues $96,918 $- $- $- $- $- $- $- $- $-
Operating Expenses 55,821 - - - - - - - - -
Net Available Revenues $41,097 $- $- $- $- $- $- $- $- $-
Debt Service:
Principal $54,255 $- $- $- $- $- $- $- $- $-
Interest 2,454 - - - - - - - - -
Total $56,709 $- $- $- $- $- $- $- $- $-
Coverage 0.72 - - - - - - - - -
Bradley Parking Garage
Gross Revenues $23,351 $24,651 $23,168 $22,984 $20,375 $18,792 $21,076 $21,723 $23,029 $24,640
Operating Expenses 7,971 10,467 8,522 8,968 9,039 8,776 8,609 8,287 9,140 8,828
Net Available Revenues $15,380 $14,184 $14,646 $14,016 $11,336 $10,016 $12,467 $13,436 $13,889 $15,812
Debt Service:
Principal $1,885 $2,040 $2,210 $1,460 $1,550 $1,650 $1,755 $1,865 $1,990 $2,120
Interest 3,518 3,099 3,558 3,451 3,437 3,620 3,378 3,172 3,218 2,384
Total $5,403 $5,139 $5,768 $4,911 $4,987 $5,270 $5,133 $5,037 $5,208 $4,504
Coverage 2.85 2.76 2.54 2.85 2.27 1.90 2.43 2.67 2.67 3.51
Drinking Water
Gross Revenues $5,963 $10,187 $22,664 $17,164 $10,714 $14,714 $17,935 $9,706 $12,786 $29,427
Operating Expenses 1,743 3,391 2,570 2,576 4,184 7,068 8,802 5,032 5,601 8,207
Net Available Revenues $4,220 $6,796 $20,094 $14,588 $6,530 $7,646 $9,133 $4,674 $7,185 $21,220
Debt Service:
Principal $1,513 $1,839 $3,209 $2,660 $2,718 $3,964 $4,055 $4,643 $4,952 $5,727
Interest 2,130 2,067 2,081 1,633 1,794 2,405 2,141 2,391 2,163 1,706
Total $3,643 $3,906 $5,290 $4,293 $4,512 $6,369 $6,196 $7,034 $7,115 $7,433
Coverage 1.16 1.74 3.80 3.40 1.45 1.20 1.47 0.66 1.01 2.85
Rate Reduction Bonds¹
Gross Revenues $23,075 $44,376 $32,417 $35,261 $18,319 $- $- $- $- $-
Operating Expenses 150 320 310 305 747 - - - - -
Net Available Revenues $22,925 $44,056 $32,107 $34,956 $17,572 $- $- $- $- $-
Debt Service:
Principal $12,605 $26,145 $27,155 $28,450 $110,990 $- $- $- $- $-
Interest 7,428 9,029 7,733 6,436 - - - - - -
Total $20,033 $35,174 $34,888 $34,886 $110,990 $- $- $- $- $-
Coverage 1.14 1.25 0.92 1.00 0.16 - - - - -


Note: Gross revenues include nonoperating revenue. Operating expenses include nonoperating expenses and exclude depreciation and interest expenses. Revenues for Higher Education funds include transfers in. Revenues for Clean Water and Drinking Water bonds include federal grants.

1 Second Injury bonds were liquidated in fiscal year 2005. Rate Reduction Bonds were issued in fiscal year 2005 and retired in fiscal year 2010.