Revenue Bond Coverage | |||||||
Drinking Water | |||||||
Current Fiscal Year | |||||||
(Expressed in Thousands) | |||||||
FOR THE YEAR ENDED JUNE 30, |
GROSS REVENUES(1) |
DIRECT OPERATING EXPENSES (2) |
NET REVENUE AVAILABLE FOR DEBT SERVICE |
DEBT SERVICE REQUIREMENTS | |||
---|---|---|---|---|---|---|---|
PRINCIPAL | INTEREST | TOTAL | COVERAGE | ||||
2002 | 9,366 | 1,541 | 7,825 | - | 1,375 | 1,375 | 5.69 |
(1) Includes Operating, Non-Operating Revenues and Federal Grants | |||||||
(2) Includes Operating Expenses Less Depreciation and Interest Expenses. | |||||||
SOURCE: Drinking Water Financial Statements |