Pledged-Revenue Coverage
Last Ten Fiscal Years
(Expressed in Thousands)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
University of Connecticut and Health Center
Gross Revenues $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 $2,465,794
Operating Expenses 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 2,134,537
Net Available Revenues $190,010 $94,897 $213,967 $216,163 $100,240 $305,603 $76,619 $320,753 $447,998 $331,257
Debt Service:
Principal $69,921 $74,846 $76,148 $79,655 $95,962 $90,400 $61,905 $17,810 $17,764 $105,525
Interest 15,901 15,897 52,307 53,523 52,730 49,723 52,254 50,069 55,306 68,696
Total $85,822 $90,743 $128,455 $133,178 $148,692 $140,123 $114,159 $67,879 $73,070 $174,221
Coverage 2.21 1.05 1.67 1.62 0.67 2.18 0.67 4.73 6.13 1.90
Board of Regents
Gross Revenues $580,879 $631,477 $629,832 $669,388 $702,729 $687,772 $722,893 $815,596 $835,169 $1,473,844
Operating Expenses 529,744 568,197 589,022 599,792 588,571 589,972 603,660 651,797 709,352 1,368,422
Net Available Revenues $51,135 $63,280 $40,810 $69,596 $114,158 $97,800 $119,233 $163,799 $125,817 $105,422
Debt Service:
Principal $79,813 $18,669 $19,163 $18,976 $32,986 $69,526 $16,211 $18,052 $42,791 $20,247
Interest - - - - 11,851 11,572 10,300 11,654 14,064 12,158
Total $79,813 $18,669 $19,163 $18,976 $44,837 $81,098 $26,511 $29,706 $56,855 $32,405
Coverage 0.64 3.39 2.13 3.67 2.55 1.21 4.50 5.51 2.21 3.25
Clean Water
Gross Revenues $55,955 $50,557 $52,232 $64,648 $59,714 $60,032 $77,527 $56,751 $49,684 $46,135
Operating Expenses 747 564 465 8,502 9,468 11,078 10,971 3,093 1,291 925
Net Available Revenues $55,208 $49,993 $51,767 $56,146 $50,246 $48,954 $66,556 $53,658 $48,393 $45,210
Debt Service:
Principal $62,192 $42,520 $46,897 $53,745 $67,310 $70,687 $70,578 $70,603 $70,351 $73,802
Interest 29,436 22,048 23,635 37,113 32,724 35,226 33,057 32,582 29,717 33,811
Total $91,628 $64,568 $70,532 $90,858 $100,034 $105,913 $103,635 $103,185 $100,068 $107,613
Coverage 0.60 0.77 0.73 0.62 0.50 0.46 0.64 0.52 0.48 0.42
Bradley Parking Garage
Gross Revenues $23,168 $22,984 $20,375 $18,792 $21,076 $21,723 $23,029 $24,640 $25,578 $26,702
Operating Expenses 8,522 8,968 9,039 8,776 8,609 8,287 9,140 8,828 9,254 20,918
Net Available Revenues $14,646 $14,016 $11,336 $10,016 $12,467 $13,436 $13,889 $15,812 $16,324 $5,784
Debt Service:
Principal $2,210 $1,460 $1,550 $1,650 $1,755 $1,865 $1,990 $2,120 $2,265 $2,415
Interest 3,558 3,451 3,437 3,620 3,378 3,172 3,218 2,987 3,112 2,442
Total $5,768 $4,911 $4,987 $5,270 $5,133 $5,037 $5,208 $5,107 $5,377 $4,857
Coverage 2.54 2.85 2.27 1.90 2.43 2.67 2.67 3.10 3.04 1.19
Drinking Water
Gross Revenues $22,664 $17,164 $10,714 $14,714 $17,935 $9,706 $12,786 $29,427 $16,134 $11,882
Operating Expenses 2,570 2,576 4,184 7,068 8,802 5,032 5,601 8,207 7,180 8,257
Net Available Revenues $20,094 $14,588 $6,530 $7,646 $9,133 $4,674 $7,185 $21,220 $8,954 $3,625
Debt Service:
Principal $3,209 $2,660 $2,718 $3,964 $4,055 $4,643 $4,952 $5,727 $5,544 $7,343
Interest 2,081 1,633 1,794 2,405 2,141 2,391 2,163 1,706 1,490 3,199
Total $5,290 $4,293 $4,512 $6,369 $6,196 $7,034 $7,115 $7,433 $7,034 $10,542
Coverage 3.80 3.40 1.45 1.20 1.47 0.66 1.01 2.85 1.27 0.34
Rate Reduction Bonds¹
Gross Revenues $32,417 $35,261 $18,319 $- $- $- $- $- $- $-
Operating Expenses 310 305 747 - - - - - - -
Net Available Revenues $32,107 $34,956 $17,572 $- $- $- $- $- $- $-
Debt Service:
Principal $27,155 $28,450 $110,990 $- $- $- $- $- $- $-
Interest 7,733 6,436 - - - - - - - -
Total $34,888 $34,886 $110,990 $- $- $- $- $- $- $-
Coverage 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.