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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF REVENUE BOND COVERAGE <br />WATER FUND <br />Last Six Years (3) <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 />1992 $232,586 $142,923 $89,663 $ - $57,632 $57,632 1.56 <br />1993 332,888 169,431 163,457 - 75,350 75,350 2.17 <br />1994 394,245 149,764 244,481 25,000 66,080 91,080 2.68 <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 />(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 />132 <br />