| Revenue Bond Coverage | |||||||
| Higher Education | |||||||
| 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 | 1,999,018 | 1,755,980 | 243,038 | 46,052 | 8,290 | 54,342 | 4.47 |
| (1) Includes Operating and Non-Operating Revenues and Transfers In. | |||||||
| (2) Includes Operating Expenses Less Depreciation, & Interest Expenses. | |||||||
| SOURCE: Higher Education Financial Statements | |||||||