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AgdaPkt 2017-01-23 Closed and Joint
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AgdaPkt 2017-01-23 Closed and Joint
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Last modified
1/24/2017 10:22:46 AM
Creation date
1/19/2017 3:58:58 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/23/2017
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Appendix F <br />Page 9 <br />III. Enterprise Revenues <br /> <br />The table below sets forth Enterprise revenues by customer type for the prior Fiscal Year. <br /> <br />Enterprise Revenues by Customer Type <br /> <br /> Number of Consumption Percent of Total Total Percent of <br /> Accounts (CCF) Consumption Revenues Total Revenue <br />Single-family <br />Muliti-family <br />Irrigation-Residential <br /> Subtotal <br />Commercial <br />Irrigation- <br />Commercial <br /> <br /> Subtotal <br />Fire Services & other <br /> Total <br /> <br />IV. Debt Service Coverage <br /> <br />The table below sets forth Enterprise revenues and expenses, debt service on the Bonds, and the resulting <br />debt service coverage ratio for the prior Fiscal Year. <br /> <br />Revenues, Expenses and Debt Service Coverage <br /> <br />GROSS REVENUES <br />Charges for services <br />Non-operating Income <br />TOTAL GROSS REVENUES <br /> <br />MAINTENANCE AND OPERATION COSTS <br /> <br />NET REVENUES AVAILABLE FOR DEBT SERVICE <br /> <br />2013 Installment Payments <br />2015 Installment Payments <br />2017 Installment Payments <br />TOTAL DEBT SERVICE <br /> <br />DEBT SERVICE COVERAGE <br /> <br />V. No Default Certificate <br /> <br />A certified statement of the City to the effect that no Event of Default (as defined in that certain <br />Installment Purchase Contract, dated as of March 1, 2017, by and between the Authority and the City (the <br />“Installment Purchase Contract”) has occurred, or if an Event of Default has occurred, specifying the <br />nature thereof and, if the City has a right to cure pursuant to Section 7.01 of the Installment Purchase <br />Contract, stating in reasonable detail the measures, if any, being undertaken by the City to cure such <br />Event of Default. <br /> <br />VI. Insurance Compliance <br /> <br />A certified statement of the City to the effect that all insurance required by the Installment Purchase <br />Contract to be carried by the City with respect to the Enterprise is in full force and effect and complies <br />with the terms of the Installment Purchase Contract. <br /> <br />8.C. - Page 102
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