Revenue Bond Coverage | |||||||
Connecticut Development Authority | |||||||
Last Ten Fiscal Years | |||||||
(Expressed in Thousands) | |||||||
NET REVENUE AVAILABLE FOR DEBT SERVICE |
|||||||
---|---|---|---|---|---|---|---|
FOR THE YEAR ENDED JUNE 30, |
GROSS RECEIPTS USED FOR DEBT SERVICES (1) |
DIRECT OPERATING EXPENSES (2) |
DEBT SERVICE REQUIREMENTS | ||||
PRINCIPAL | INTEREST | TOTAL | COVERAGE | ||||
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 | 62678 | 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 |
2001 | 54,155 | 21,219 | 32,936 | 9,880 | 5,535 | 15,415 | 2.14 |
(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