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6.1.D. - Page 168
<br />Schedule 12
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PLEDGED -REVENUE COVERAGE
<br />Last Ten Fiscal Years
<br />Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
<br />Operating expenses do not include interest, depreciation, amortization expenses, or noncapitalized project costs.
<br />*For transparency and consistency, schedule 12 has been restated to reflect gross operating revenues and investment
<br />earnings per the Proprietary Funds Statements of Revenues, Expenses and Changes in Fund Net Position for all years listed
<br />above.
<br />141
<br />Water Revenue Bonds
<br />Less:
<br />Net
<br />Fiscal
<br />Gross
<br />Operating
<br />Available
<br />Debt Service
<br />Coverage
<br />Year
<br />Revenue
<br />Expenses
<br />Revenue
<br />Principal
<br />Interest
<br />Ratio
<br />2007
<br />20,879,682
<br />16,216,165
<br />4,663,517
<br />1,325,000
<br />2,207,065
<br />1.32
<br />2008
<br />22,582,850
<br />17,465,038
<br />5,117,812
<br />1,560,000
<br />2,690,956
<br />1.20
<br />2009
<br />23,403,532
<br />17,304,434
<br />6,099,098
<br />1,620,000
<br />2,754,920
<br />1.39
<br />2010
<br />23,063,981
<br />17,421,429
<br />5,642,552
<br />1,675,000
<br />2,938,691
<br />1.22
<br />2011
<br />26,004,880
<br />18,597,779
<br />7,407,101
<br />1,730,000
<br />2,930,765
<br />1.59
<br />2012
<br />28,110,646
<br />22,103,449
<br />6,007,197
<br />1,795,000
<br />2,868,003
<br />1.29
<br />2013
<br />33,167,501
<br />23,321,874
<br />9,845,627
<br />1,865,000
<br />2,802,852
<br />2.11
<br />2014
<br />35,655,559
<br />23,173,261
<br />12,482,298
<br />1,845,000
<br />2,269,566
<br />3.03
<br />2015
<br />35,323,680
<br />25,430,020
<br />9,893,660
<br />1,905,000
<br />2,943,480
<br />2.04
<br />2016
<br />35,508,299
<br />28,248,490
<br />7,259,809
<br />1,995,000
<br />2,214,629
<br />1.72
<br />Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
<br />Operating expenses do not include interest, depreciation, amortization expenses, or noncapitalized project costs.
<br />*For transparency and consistency, schedule 12 has been restated to reflect gross operating revenues and investment
<br />earnings per the Proprietary Funds Statements of Revenues, Expenses and Changes in Fund Net Position for all years listed
<br />above.
<br />141
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