Pledged-Revenue Coverage
Last Ten Fiscal Years
(Expressed in Thousands)
2006 2007 2008 2009 2010 2011 2012 2013 2014 201
University of Connecticut and Health Center
Gross Revenues $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 $2,463,391
Operating Expenses 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 2,015,393
Net Available Revenues $148,345 $190,010 $94,897 $213,967 $216,163 $100,240 $305,603 $76,619 $320,753 $447,998
Debt Service:
Principal $61,964 $69,921 $74,846 $76,148 $79,655 $95,962 $90,400 $61,905 $17,810 $17,764
Interest 13,032 15,901 15,897 52,307 53,523 52,730 49,723 52,254 50,069 55,306
Total $74,996 $85,822 $90,743 $128,455 $133,178 $148,692 $140,123 $114,159 $67,879 $73,070
Coverage 1.98 2.21 1.05 1.67 1.62 0.67 2.18 0.67 4.73 6.13
State Universities
Gross Revenues $549,800 $580,879 $631,477 $629,832 $669,388 $702,729 $687,772 $722,893 $815,596 $835,169
Operating Expenses 496,923 529,744 568,197 589,022 599,792 588,571 589,972 603,660 651,797 709,352
Net Available Revenues $52,877 $51,135 $63,280 $40,810 $69,596 $114,158 $97,800 $119,233 $163,799 $125,817
Debt Service:
Principal $16,294 $79,813 $18,669 $19,163 $18,976 $32,986 $69,526 $16,211 $18,052 $42,791
Interest - - - - - 11,851 11,572 10,300 11,654 14,064
Total $16,294 $79,813 $18,669 $19,163 $18,976 $44,837 $81,098 $26,511 $29,706 $56,855
Coverage 3.25 0.64 3.39 2.13 3.67 2.55 1.21 4.50 5.51 2.21
Clean Water
Gross Revenues $54,295 $55,955 $50,557 $52,232 $64,648 $59,714 $60,032 $77,527 $56,751 $49,684
Operating Expenses 856 747 564 465 8,502 9,468 11,078 10,971 3,093 1,291
Net Available Revenues $53,439 $55,208 $49,993 $51,767 $56,146 $50,246 $48,954 $66,556 $53,658 $48,393
Debt Service:
Principal $34,386 $62,192 $42,520 $46,897 $53,745 $67,310 $70,687 $70,578 $70,603 $70,351
Interest 25,220 29,436 22,048 23,635 37,113 32,724 35,226 33,057 32,582 29,717
Total $59,606 $91,628 $64,568 $70,532 $90,858 $100,034 $105,913 $103,635 $103,185 $100,068
Coverage 0.90 0.60 0.77 0.73 0.62 0.50 0.46 0.64 0.52 0.48
Bradley Parking Garage
Gross Revenues $24,651 $23,168 $22,984 $20,375 $18,792 $21,076 $21,723 $23,029 $24,640 $25,578
Operating Expenses 10,467 8,522 8,968 9,039 8,776 8,609 8,287 9,140 8,828 9,254
Net Available Revenues $14,184 $14,646 $14,016 $11,336 $10,016 $12,467 $13,436 $13,889 $15,812 $16,324
Debt Service:
Principal $2,040 $2,210 $1,460 $1,550 $1,650 $1,755 $1,865 $1,990 $2,120 $2,265
Interest 3,099 3,558 3,451 3,437 3,620 3,378 3,172 3,218 2,987 3,112
Total $5,139 $5,768 $4,911 $4,987 $5,270 $5,133 $5,037 $5,208 $5,107 $5,377
Coverage 2.76 2.54 2.85 2.27 1.90 2.43 2.67 2.67 3.10 3.04
Drinking Water
Gross Revenues $10,187 $22,664 $17,164 $10,714 $14,714 $17,935 $9,706 $12,786 $29,427 $16,134
Operating Expenses 3,391 2,570 2,576 4,184 7,068 8,802 5,032 5,601 8,207 7,180
Net Available Revenues $6,796 $20,094 $14,588 $6,530 $7,646 $9,133 $4,674 $7,185 $21,220 $8,954
Debt Service:
Principal $1,839 $3,209 $2,660 $2,718 $3,964 $4,055 $4,643 $4,952 $5,727 $5,544
Interest 2,067 2,081 1,633 1,794 2,405 2,141 2,391 2,163 1,706 1,490
Total $3,906 $5,290 $4,293 $4,512 $6,369 $6,196 $7,034 $7,115 $7,433 $7,034
Coverage 1.74 3.80 3.40 1.45 1.20 1.47 0.66 1.01 2.85 1.27
Rate Reduction Bonds¹
Gross Revenues $44,376 $32,417 $35,261 $18,319 $- $- $- $- $- $-
Operating Expenses 320 310 305 747 - - - - - -
Net Available Revenues $44,056 $32,107 $34,956 $17,572 $- $- $- $- $- $-
Debt Service:
Principal $26,145 $27,155 $28,450 $110,990 $- $- $- $- $- $-
Interest 9,029 7,733 6,436 - - - - - - -
Total $35,174 $34,888 $34,886 $110,990 $- $- $- $- $- $-
Coverage 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.