2024 Annual Comprehensive Report

Table XVII Page 1 of 2

-20 5 Pledged Revenue Coverage Fiscal Years Ended June 30, 2015-2024 Fiscal Year Ended Gross June 30 Revenues(c) 2015 $ 100,831,399 2016 107,510,348 2017 113,528,568 2018 118,696,607 2019 121,712,471 2020 123,775,941 2021 123,900,051 2022 131,160,476 2023 141,837,222 2024 156,864,785 $25,160,000 taxable, dated June 2024 $101,370,000 taxable, dated June 2024 (f) The most restrictive required coverage is 1.50. (g) As defined in Articles 40 and 42 of the Sales Tax Act. (h) The required coverage is 2.00. Less Operating Expenses(d) $ 54,576,115 59,641,631 60,151,659 65,966,936 67,406,920 70,376,467 67,900,680 70,556,198 78,409,420 89,002,448 (a) The City issued Water and Sewer Revenue bonds in the amount of : $50,000,000 dated June 1995 (refunded in 2001 and 2005) $40,000,000 dated June 1998 (partially refunded in 2006 and 2009) $45,740,000 dated June 2001 (partially refunded in 2006) $43,435,000 dated July 2003 (partially refunded in 2006) $40,780,000 dated June 2005 (partially refunded in 2012 and 2022) $48,040,000 dated June 2007 (partially refunded in 2015) (d) Operating expenses exclude depreciation and bond interest. (e) Includes principal and interest of revenue bonds only.

Water Resources Enterprise Fund (a)

Net Available

Coverage

Debt Service Expenditures (e)

Revenue

Principal

Interest

Total

(f)

$ 46,255,284

$ 10,390,000 $ 7,364,313 $ 17,754,313

2.61

47,868,717

12,470,000

7,411,881

19,881,881

2.41

53,376,909

13,640,000

7,913,609

21,553,609

2.48

52,729,671

14,295,000

9,160,931

23,455,931

2.25

54,305,551

16,135,000

9,916,086

26,051,086

2.08

53,399,474

15,545,000

9,494,341

25,039,341

2.13

55,999,371

16,330,000

11,697,169

28,027,169

2.00

60,604,278

16,000,000

10,848,044

26,848,044

2.26

63,427,802

14,640,000

13,425,038

28,065,038

2.26

67,862,337

15,205,000

15,955,470

31,160,470

2.18

$53,180,000 dated April 2009 (partially refunded in 2018) $29,310,000 dated February 2016 $64,700,000 dated August 2017 Portions of the 1998, 2001, 2003, 2005, 2007 and 2009 variable rate issues were refunded in August 2014 and 2020 $72,113,546 dated June 2020, excludes refunding of 2014 bonds $80,085,000 dated June 2022

(b) The City issued Landfill Special Obligation Bonds in the amount of $16,000,000 dated May 1997 and $8,400,000 dated November 2005. The 1997 and 2005 bonds are matured.

(c) Gross revenues are for the combined Water Resources Enterprise Fund for the fiscal year.