| Revenue Bond Coverage | |||||||
| Connecticut Development Authority | |||||||
| Last Ten Fiscal Years | |||||||
| (Expressed in Thousands) | |||||||
| GROSS RECEIPTS |
NET REVENUE AVAILABLE FOR DEBT SERVICE |
||||||
|---|---|---|---|---|---|---|---|
|
FOR THE YEAR ENDED JUNE 30, |
USED FOR DEBT SERVICES (1) |
DIRECT OPERATING EXPENSES (2) |
DEBT SERVICE REQUIREMENTS | ||||
| PRINCIPAL | INTEREST | TOTAL | COVERAGE | ||||
| 1991 | $308,592 | $8,812 | $299,780 | $177,784 | $122,300 | $300,084 | 1.00 |
| 1992(3) | 32,205 | 8,068 | 24,137 | 7,340 | 15,651 | 22,991 | 1.05 |
| 1993 | 39,344 | 9,678 | 29,666 | 14,300 | 10,988 | 25,288 | 1.17 |
| 1994 | 54,748 | 16,584 | 38,164 | 30,606 | 6,424 | 37,030 | 1.03 |
| 1995 | 55,459 | 11,365 | 44,094 | 41,715 | 9,221 | 50,936 | 0.87 |
| 1996 | 52,459 | 12,767 | 39,692 | 17,665 | 7,610 | 25,275 | 1.57 |
| 1997 | 62,678 | 14,244 | 48,434 | 8,685 | 7,101 | 15,786 | 3.07 |
| 1998 | 52,378 | 17,553 | 34,825 | 8,760 | 7,991 | 16,751 | 2.08 |
| 1999 | 57,570 | 18,335 | 39,235 | 9,880 | 7,609 | 17,489 | 2.24 |
| 2000 | 86,391 | 20,386 | 66,005 | 11,825 | 7,166 | 18,991 | 3.48 |
| (1) Includes Operating and Non-Operating Revenues and Principal Collected on Loans. | |||||||
| (2) Includes Operating Expenses Less Depreciation, Amortization, Interest Expenses and Provision for Loan Losses. | |||||||
| (3) Beginning in 1992, the Authority no longer includes the assets and liabilities of its Self-Sustaining | |||||||
| Bond Program in its financial statements. See Note 15b. | |||||||
| SOURCE: Connecticut Development Authority Financial Statements | |||||||