Revenue Bond Coverage | |||||||
Clean 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 | 48,471 | 986 | 47,485 | 31,040 | 29,917 | 60,957 | 0.78 |
2003 | 50,566 | 804 | 49,672 | 27,050 | 28,031 | 55,681 | 0.89 |
(1) Includes Operating, Non-Operating Revenues and Federal Grants | |||||||
(2) Includes Operating Expenses Less Depreciation and Interest Expenses. | |||||||
SOURCE: Clean Water Financial Statements |