ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 157
Schedule 11
1 of 2
City of Eustis, Florida
Pledged-Revenue Coverage
Last Ten Years
September 30, 2021
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
State Revolving Loan
Principal
Interest
Total
Debt
Payments
Coverage
2011-12
7,727,735
6,844,183
2,101,875
2,985,427
-
-
296,779
87,010
383,789
7.78
2012-13
8,292,654
6,892,103
2,202,862
3,603,413
-
-
552,352
182,564
734,916
4.90
2013-14
8,889,156
7,577,460
2,257,048
3,568,744
-
-
421,704
200,007
621,711
5.74
2014-15
9,989,126
8,222,159
2,286,458
4,053,425
-
-
534,059
125,199
659,258
6.15
2015-16
10,937,285
7,901,311
2,249,641
5,285,615
-
-
549,020
113,006
662,026
7.98
2016-17
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
1,272,971
3.73
2020-21
11,624,934
8,632,107
2,543,124
5,535,951
305,000
248,256
436,838
46,623
1,036,717
5.34
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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