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18-3022 Project Financing under SRF for Planning of Smart Meter Conversion Project
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18-3022 Project Financing under SRF for Planning of Smart Meter Conversion Project
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8/29/2022 5:42:04 PM
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City Clerk
City Clerk - Doc Type
Resolutions
City Clerk - Date
4/23/2018
Doc Number
18-3022
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PART V — SUPPLEMENTARY INFORMATION <br />SCHEDULE OF ACTUAL REVENUES AND DEBT COVERAGE <br />(Provide information for the two fiscal years preceding the anticipated date of the SRF loan agreement.) <br />Year 2017 Year 2016 <br />(a) Operating Revenues (Source) <br />Charges for Services 19,289,087 17,430,783 <br />Miscellaneous Revenues 129,600 190,234 <br />(b) Interest Income 127,731 120,371 <br />(c) Other Income or Revenue (Identify) <br />Grants from Other Agencies 20,771 <br />Gain on Disposal of Fixed Assets 26,680 <br />(d) Total Revenues 19,593,869 17,741,388 <br />(e) Operating Expenses (excluding <br />interest on debt, depreciation, 8,503,217 10,558,259 <br />and other non-cash items) <br />, <br />(f) Net Revenues [(f) = (d) — (e)] 11 090,652 7,182,859 <br />(g) Debt Service (including any 987,981.00 1,005,876.00 <br />required coverage) <br />(h) Attach audited annual financial report(s), or pages thereof, or other documentation necessary to <br />support the above information. Include any notes or comments from the audit reports regarding <br />compliance with covenants of debt obligations having a prior or parity lien on the revenues pledged for <br />repayment of the SRF Loan. (Attachment # 9 ) <br />(i) Attach worksheets reconciling this page with the appropriate financial statements (for example, <br />backing out depreciation and interest payments from operating expenses). (Attachment # 9 ) <br />(j) If the net revenues were not sufficient to satisfy the debt service and coverage requirement, please <br />explain what corrective action was taken. (Attachment # ) <br />Form Application DW -1 <br />Incorporated in 62-552.430(1)(a), F.A.C. Page 7 of 9 Effective Date July 2017 <br />
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