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Schedule 14
<br />CITY OF HUGO, MINNESOTA
<br />PLEDGED REVENUE COVERAGE
<br />LAST TEN FISCAL YEARS
<br />Notes: (1) Gross revenue includes investment earnings, hook-up 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
<br />statements.
<br />WE
<br />Utility Revenue Bonds
<br />Net
<br />Fiscal
<br />Gross
<br />Operating
<br />Available
<br />Debt Service
<br />(3)
<br />Year
<br />Revenue (1)
<br />Expenses (2)
<br />Revenue
<br />Principal
<br />Interest
<br />Coverage
<br />2007
<br />$ 4,095,374
<br />$ 1,043,879
<br />$ 3,051,495
<br />$ 175,000
<br />$ 102,351
<br />11.00
<br />2008
<br />3,578,618
<br />1,165,722
<br />2,412,896
<br />185,000
<br />95,382
<br />8.61
<br />2009
<br />3,248,863
<br />1,570,104
<br />1,678,759
<br />195,000
<br />87,736
<br />5.94
<br />2010
<br />2,760,541
<br />1,564,187
<br />1,196,354
<br />1,925,000
<br />25,958
<br />0.61
<br />2011
<br />2,569,649
<br />1,405,593
<br />1,164,056
<br />2012
<br />3,920,983
<br />1,196,586
<br />2,724,397
<br />2013
<br />2,301,642
<br />1,385,995
<br />915,647
<br />2014
<br />2,848,133
<br />1,429,577
<br />1,418,556
<br />2015
<br />2,861,130
<br />1,669,777
<br />1,191,353
<br />2016
<br />3,024,094
<br />1,918,625
<br />1,105,469
<br />Notes: (1) Gross revenue includes investment earnings, hook-up 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
<br />statements.
<br />WE
<br />
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