ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 147
Schedule 11
1 of 2
City of Eustis
Pledged-Revenue Coverage
Last Ten Years
Water & Sewer Pledged Bonds
(1)
Fiscal
Year
Utility
Revenues
(2)
Less
Operating
Expenses
Add Back
Depreciation
Expense
Net
Available
Revenue
Revenue Bond Series 2016
Principal
Interest
2010-11
7,640,308
6,808,047
2,161,578
2,993,839
2011-12
7,727,735
6,844,183
2,101,875
2,985,427
-
2012-13
8,292,654
6,892,103
2,202,862
3,603,413
2013-14
8,889,156
7,577,460
2,257,048
2014-15
9,989,126
8,222,159
2015-16
10,937,285
2016-17
-
-
State Revolving Loan
Principal
Interest
Total
Debt
Payments
Coverage
288,378
95,506
383,884
7.80
-
296,779
87,010
383,789
7.78
-
-
552,352
182,564
734,916
4.90
3,568,744
-
-
421,704
200,007
621,711
5.74
2,286,458
4,053,425
-
-
534,059
125,199
659,258
6.15
7,901,311
2,249,641
5,285,615
-
-
549,020
113,006
662,026
7.98
10,879,933
7,828,916
2,174,760
5,225,777
-
114,724
564,406
100,466
779,596
6.70
2017-18
10,848,912
8,272,870
2,208,575
4,784,617
250,000
276,556
580,218
90,360
1,197,135
4.00
2018-19
11,016,439
8,653,590
2,511,208
4,874,057
280,000
269,856
596,476
74,300
1,220,632
3.99
2019-20
11,497,721
9,254,616
2,502,042
4,745,147
295,000
257,106
613,193
107,672
1,220,231
3.89
1) For purposes of debt coverage the following is a list of revenues to be considered: All water
and sewer revenues, water and sewer impact fees, and stormwater fees. The interest in
the renewal and replacement and expansion funds are not include as part of the debt
coverage. The State Revolving Loan only allows for Gross Operating Revenues.
2) Direct operating expenses excludes depreciation expenses.
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