|
Projected Operating Results and Debt Service Coverage
<br />The City's estimated projected operating results for the Water System for the Fiscal Year ending June
<br />30, 2015 is set forth below, excluding depreciation.
<br />TABLE 13
<br />City of Santa Ana
<br />Projected Operating Results
<br />(Fiscal Year)
<br />Source: City of Santa Ana
<br />80A -176
<br />36
<br />2014
<br />2015
<br />2016
<br />Operating Revenues
<br />Charges for Services
<br />$51,546,808
<br />$49,530,770
<br />$51,287,410
<br />Miscellaneous
<br />510,738
<br />119,420
<br />119,420
<br />Total Operating Revenues
<br />$52,057,546
<br />$49,650,190
<br />$51,406,830
<br />Operating Expenses
<br />Cost of Water
<br />$23,093,666
<br />$19,093,280
<br />$21,658,860
<br />Maintenance and Operations
<br />22,033,678
<br />24,731,855
<br />25,226,492
<br />Total Operating Expenditures
<br />$45,127,344
<br />$43,825,135
<br />$46,885,352
<br />Net Operating Income
<br />$ 6,930,202
<br />$ 5,825,055
<br />$ 4,521,478
<br />Non - Operating Revenues:
<br />Investment Income
<br />$ 84,851
<br />$ 32,000
<br />$ 32,000
<br />Total Non - Operating Revenues
<br />$ 84,851
<br />$ 32,000
<br />$ 32,000
<br />Net Revenue
<br />$ 7,015,053
<br />$ 5,857,055
<br />$ 4,553,478
<br />Debt Service
<br />$ 1,709,363
<br />$ 1,707,900
<br />$ 1,712,136
<br />Debt Service Coverage
<br />Remaining Revenues
<br />$ 5,305,690
<br />$ 4,149,155
<br />$ 2,841,342
<br />Source: City of Santa Ana
<br />80A -176
<br />36
<br />
|