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CITY OF MOUNDS VIEW <br />Pledged -Revenue Coverage <br />Last Four Fiscal Years <br />G.O. Water Revenue Bonds (1) <br />Water <br />Less <br />Net <br />Fiscal <br />Operating <br />Operating <br />Available <br />Debt Service <br />Year <br />Revenues <br />Expenses <br />Revenue <br />Principal Interest <br />Coverage <br />2020 <br />$ 1,366,246 <br />$ 831,579 <br />$ 534,667 $ <br />— $ — <br />— <br />2021 <br />1,459,780 <br />821,707 <br />638,073 <br />— 56,526 <br />11.29 <br />2022 <br />1,456,084 <br />1,009,233 <br />446,851 <br />335,000 92,079 <br />1.05 <br />2023 <br />1,459,121 <br />1,159,545 <br />299,576 <br />350,000 85,230 <br />0.69 <br />(1) Operating expenses do not include interest, depreciation, or amortization expenses. <br />Note 1: During fiscal years 2014-2019, the City did not have any outstanding water revenue bonds. <br />Note 2: Outstanding debt details for the City can be found in the notes to basic financial statements. <br />-109- <br />