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CITY OF LAKE ELMO, MINNESOTA
<br />PLEDGED REVENUE COVERAGE
<br />LAST TEN YEARS
<br />
<br />
<br />126
<br />Net
<br />Payable Gross Operating Available
<br />Year Revenue (1)Expenses (2)Revenue Principal Interest Coverage
<br />2015 3,642,316$ 627,977$ 3,014,339$ 4,165,000$ 456,782$ 65%
<br />2016 3,407,097 757,862 2,649,235 615,000 380,969 266%
<br />2017 6,651,513 1,505,420 5,146,093 705,000 513,768 422%
<br />2018 5,767,128 1,279,347 4,487,781 625,000 312,660 479%
<br />2019 4,190,240 1,175,282 3,014,958 1,360,000 509,863 161%
<br />2020 6,243,582 1,553,371 4,690,211 1,380,000 504,661 249%
<br />2021 9,147,164 1,680,527 7,466,637 3,825,000 514,210 172%
<br />2022 6,911,305 2,086,151 4,825,154 1,345,000 468,989 266%
<br />2023 5,938,053 2,752,113 3,185,940 2,325,000 775,011 103%
<br />2024 7,156,639 2,493,880 4,662,759 2,315,000 815,119 149%
<br />(1) Gross revenue includes investment earnings, infrastructure charges and special assessments.
<br />(2) Operating expenses do not include interest, depreciation, or amortization expense.
<br />(3) Details regarding the City's outstanding debt can be found in the notes to the financial statements.
<br />G.O. Utility Revenue Bonds
<br />Debt Service (3)
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