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Schedule 12
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PLEDGED-REVENUE COVERAGE
<br />Last Ten Fiscal Years
<br />Water Revenue Bonds
<br /> Less:Net
<br />Fiscal Gross Operating Available Coverage
<br />Year Revenue Expenses Revenue Principal Interest Ratio
<br />$$$$$
<br />2008 22,582,850 17,465,038 5,117,812 1,560,000 2,690,956 1.20
<br />2009 23,403,532 17,304,434 6,099,098 1,620,000 2,754,920 1.39
<br />2010 23,063,981 17,421,429 5,642,552 1,675,000 2,938,691 1.22
<br />2011 26,004,880 18,597,779 7,407,101 1,730,000 2,930,765 1.59
<br />2012 28,110,646 22,103,449 6,007,197 1,795,000 2,868,003 1.29
<br />2013 33,167,501 23,321,874 9,845,627 1,865,000 2,802,852 2.11
<br />2014 35,655,559 23,173,261 12,482,298 1,845,000 2,269,566 3.03
<br />2015 35,323,680 25,430,020 9,893,660 1,905,000 2,943,480 2.04
<br />2016 35,508,299 28,248,490 7,259,809 1,995,000 2,214,629 1.72
<br />2017 36,752,635 31,411,452 5,341,183 2,080,000 2,352,256 1.21
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<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 /> earnings per the Proprietary Funds Statements of Revenues, Expenses and Changes in Fund Net Position for all years
<br />listed above.
<br />
<br />
<br />Debt Service
<br />*For transparency and consistency, Schedule 12 has been restated to reflect gross operating revenues and investment
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<br />6.1.E. - Page 164
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