|
CITY OF SOUTH BEND, INDIANA
<br />SCHEDULE OF REVENUE BOND COVERAGE
<br />WATER UTILITY BONDS
<br />LAST TEN YEARS
<br /> Gross Net Revenue Debt Service Requirements
<br /> Operating Operating Available for Debt
<br />Year Revenue Expenses (1) Debt Service Principal Interest Total Coverage
<br />1997 $6,564,766 $5,625,430 $939,336 $250,000 $215,165 $465,165 202%
<br />1998 10,410,313 5,545,310 4,865,003 1,385,000 1,313,900 2,698,900 180%
<br />1999 10,873,836 6,431,774 4,442,062 1,535,000 1,168,185 2,703,185 164%
<br />2000 10,162,297 6,174,716 3,987,581 1,605,000 1,100,993 2,705,993 147%
<br />~ 2001 9,987,425 6,421,198 3,566,227 1,675,000 1,031,523 2,706,523 132%
<br />°i 2002 11,756,071 6,317,766 5,438,305 1,755,000 956,443 2,711,443 201%
<br />2003 11,745,196 6,637,856 5,107,340 1,845,000 878,570 2,723,570 188%
<br />2004 11,323,882 7,256,695 4,067,187 1,935,000 795,540 2,730,540 149%
<br />2005 11,926,479 7,770,464 4,156,015 2,040,000 708,030 2,748,030 151%
<br />2006 13,166,166 7,369,035 5,797,131 2,485,622 1,042,309 3,527,931 164%
<br />(1) Operating expenses exclude depreciation and payment in lieu of taxes.
<br />Operating revenue used to make debt service payments is obtained primarily through monthly user charges to water customers.
<br />
|