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CITY OF LINO LAKES, MINNESOTA
<br />SCHEDULE OF REVENUE BOND COVERAGE
<br />WATER FUND
<br />Last Ten Years
<br />(Unaudited)
<br />Table 11
<br />Net Revenue
<br />Available Interest
<br />Fiscal Gross Operating for Debt and
<br />Year Revenues (1) Expenses (2) Service Principal Fiscal Charges Total Coverage
<br />1995 $ 461,747 $ 177,724 $ 284,023 $ 40,000 $ 64,118 $ 104,118 2.73
<br />1996 466,310 210,778 255,532 50,000 170,881 220,881 1.16
<br />1997 851,173 271,575 579,598 50,000 229,900 279,900 2.07
<br />1998 598,005 237,866 360,139 140,000 225,182 365,182 0.99
<br />1999 604,734 380,928 223,806 205,000 220,910 425,910 0.53
<br />2000 1,039,331 495,183 544,148 210,000 237,612 447,612 1.22
<br />2001 1,173,593 508,649 664,944 155,000 185,250 340,250 1.95
<br />2002 1,082,053 610,751 471,302 245,000 169,685 414,685 1.14
<br />2003 1,365,681 505,407 860,274 250,000 158,669 408,669 2.11
<br />2004 1,282,183 442,975 839,208 265,000 148,229 413,229 2.03
<br />(1) Total Water Fund operating revenues and transfers in.
<br />(2) Total Water Fund expenses exclusive of depreciation, interest on debt and fiscal charges.
<br />93
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