| Pledged-Revenue Coverage | ||||||||||
| Last Ten Fiscal Years | ||||||||||
| (Expressed in Thousands) | ||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 201 | |
|---|---|---|---|---|---|---|---|---|---|---|
| University of Connecticut and Health Center | ||||||||||
| Gross Revenues | $1,476,058 | $1,578,763 | $1,577,646 | $1,806,256 | $1,786,129 | $1,774,037 | $1,975,204 | $1,814,856 | $2,236,397 | $2,463,391 |
| Operating Expenses | 1,327,713 | 1,388,753 | 1,482,749 | 1,592,289 | 1,569,966 | 1,673,797 | 1,669,601 | 1,738,237 | 1,915,644 | 2,015,393 |
| Net Available Revenues | $148,345 | $190,010 | $94,897 | $213,967 | $216,163 | $100,240 | $305,603 | $76,619 | $320,753 | $447,998 |
| Debt Service: | ||||||||||
| Principal | $61,964 | $69,921 | $74,846 | $76,148 | $79,655 | $95,962 | $90,400 | $61,905 | $17,810 | $17,764 |
| Interest | 13,032 | 15,901 | 15,897 | 52,307 | 53,523 | 52,730 | 49,723 | 52,254 | 50,069 | 55,306 |
| Total | $74,996 | $85,822 | $90,743 | $128,455 | $133,178 | $148,692 | $140,123 | $114,159 | $67,879 | $73,070 |
| Coverage | 1.98 | 2.21 | 1.05 | 1.67 | 1.62 | 0.67 | 2.18 | 0.67 | 4.73 | 6.13 |
| State Universities | ||||||||||
| Gross Revenues | $549,800 | $580,879 | $631,477 | $629,832 | $669,388 | $702,729 | $687,772 | $722,893 | $815,596 | $835,169 |
| Operating Expenses | 496,923 | 529,744 | 568,197 | 589,022 | 599,792 | 588,571 | 589,972 | 603,660 | 651,797 | 709,352 |
| Net Available Revenues | $52,877 | $51,135 | $63,280 | $40,810 | $69,596 | $114,158 | $97,800 | $119,233 | $163,799 | $125,817 |
| Debt Service: | ||||||||||
| Principal | $16,294 | $79,813 | $18,669 | $19,163 | $18,976 | $32,986 | $69,526 | $16,211 | $18,052 | $42,791 |
| Interest | - | - | - | - | - | 11,851 | 11,572 | 10,300 | 11,654 | 14,064 |
| Total | $16,294 | $79,813 | $18,669 | $19,163 | $18,976 | $44,837 | $81,098 | $26,511 | $29,706 | $56,855 |
| Coverage | 3.25 | 0.64 | 3.39 | 2.13 | 3.67 | 2.55 | 1.21 | 4.50 | 5.51 | 2.21 |
| Clean Water | ||||||||||
| Gross Revenues | $54,295 | $55,955 | $50,557 | $52,232 | $64,648 | $59,714 | $60,032 | $77,527 | $56,751 | $49,684 |
| Operating Expenses | 856 | 747 | 564 | 465 | 8,502 | 9,468 | 11,078 | 10,971 | 3,093 | 1,291 |
| Net Available Revenues | $53,439 | $55,208 | $49,993 | $51,767 | $56,146 | $50,246 | $48,954 | $66,556 | $53,658 | $48,393 |
| Debt Service: | ||||||||||
| Principal | $34,386 | $62,192 | $42,520 | $46,897 | $53,745 | $67,310 | $70,687 | $70,578 | $70,603 | $70,351 |
| Interest | 25,220 | 29,436 | 22,048 | 23,635 | 37,113 | 32,724 | 35,226 | 33,057 | 32,582 | 29,717 |
| Total | $59,606 | $91,628 | $64,568 | $70,532 | $90,858 | $100,034 | $105,913 | $103,635 | $103,185 | $100,068 |
| Coverage | 0.90 | 0.60 | 0.77 | 0.73 | 0.62 | 0.50 | 0.46 | 0.64 | 0.52 | 0.48 |
| Bradley Parking Garage | ||||||||||
| Gross Revenues | $24,651 | $23,168 | $22,984 | $20,375 | $18,792 | $21,076 | $21,723 | $23,029 | $24,640 | $25,578 |
| Operating Expenses | 10,467 | 8,522 | 8,968 | 9,039 | 8,776 | 8,609 | 8,287 | 9,140 | 8,828 | 9,254 |
| Net Available Revenues | $14,184 | $14,646 | $14,016 | $11,336 | $10,016 | $12,467 | $13,436 | $13,889 | $15,812 | $16,324 |
| Debt Service: | ||||||||||
| Principal | $2,040 | $2,210 | $1,460 | $1,550 | $1,650 | $1,755 | $1,865 | $1,990 | $2,120 | $2,265 |
| Interest | 3,099 | 3,558 | 3,451 | 3,437 | 3,620 | 3,378 | 3,172 | 3,218 | 2,987 | 3,112 |
| Total | $5,139 | $5,768 | $4,911 | $4,987 | $5,270 | $5,133 | $5,037 | $5,208 | $5,107 | $5,377 |
| Coverage | 2.76 | 2.54 | 2.85 | 2.27 | 1.90 | 2.43 | 2.67 | 2.67 | 3.10 | 3.04 |
| Drinking Water | ||||||||||
| Gross Revenues | $10,187 | $22,664 | $17,164 | $10,714 | $14,714 | $17,935 | $9,706 | $12,786 | $29,427 | $16,134 |
| Operating Expenses | 3,391 | 2,570 | 2,576 | 4,184 | 7,068 | 8,802 | 5,032 | 5,601 | 8,207 | 7,180 |
| Net Available Revenues | $6,796 | $20,094 | $14,588 | $6,530 | $7,646 | $9,133 | $4,674 | $7,185 | $21,220 | $8,954 |
| Debt Service: | ||||||||||
| Principal | $1,839 | $3,209 | $2,660 | $2,718 | $3,964 | $4,055 | $4,643 | $4,952 | $5,727 | $5,544 |
| Interest | 2,067 | 2,081 | 1,633 | 1,794 | 2,405 | 2,141 | 2,391 | 2,163 | 1,706 | 1,490 |
| Total | $3,906 | $5,290 | $4,293 | $4,512 | $6,369 | $6,196 | $7,034 | $7,115 | $7,433 | $7,034 |
| Coverage | 1.74 | 3.80 | 3.40 | 1.45 | 1.20 | 1.47 | 0.66 | 1.01 | 2.85 | 1.27 |
| Rate Reduction Bonds¹ | ||||||||||
| Gross Revenues | $44,376 | $32,417 | $35,261 | $18,319 | $- | $- | $- | $- | $- | $- |
| Operating Expenses | 320 | 310 | 305 | 747 | - | - | - | - | - | - |
| Net Available Revenues | $44,056 | $32,107 | $34,956 | $17,572 | $- | $- | $- | $- | $- | $- |
| Debt Service: | ||||||||||
| Principal | $26,145 | $27,155 | $28,450 | $110,990 | $- | $- | $- | $- | $- | $- |
| Interest | 9,029 | 7,733 | 6,436 | - | - | - | - | - | - | - |
| Total | $35,174 | $34,888 | $34,886 | $110,990 | $- | $- | $- | $- | $- | $- |
| Coverage | 1.25 | 0.92 | 1.00 | 0.16 | - | - | - | - | - | - |
Note: Gross revenues include nonoperating revenue. Operating expenses include nonoperating expenses and exclude depreciation and interest expenses. Revenues for Higher Education funds include transfers in. Revenues for Clean Water and Drinking Water bonds include federal grants.
1 Second Injury bonds were liquidated in fiscal year 2005. Rate Reduction Bonds were issued in fiscal year 2005 and retired in fiscal year 2010.