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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF REVENUE BOND COVERAGE <br />WATER FUND <br />Last Five Years (3) <br />(Unaudited) <br />Table 11 <br />Fiscal Gross Operating <br />Year Revenues (1) Expenses (2) <br />Net Revenue <br />Available <br />for Debt <br />Service <br />1992 S232,586 $142,923 $89,663 <br />1993 332,888 169,431 163,457 <br />1994 394,245 149,764 244,481 <br />1995 461,747 177,724 284,023 <br />1996 466,310 210,778 255,532 <br />Interest <br />and <br />Principal Fiscal Charges <br />S - <br />Total Coverage <br />$57,632 $57,632 1.56 <br />75,350 75,350 2.17 <br />25,000 66,080 91,080 2.68 <br />40,000 64,118 104,118 2.73 <br />50,000 170,881 220,881 1.16 <br />(1) Total Water Fund revenues and transfers in. <br />(2) Total Water Fund expenses exclusive of depreciation, interest on debt and fiscal charges. <br />(3) Prior to 1992 the City's Water Fund had no debt. <br />126 <br />