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6.A. - Page 182 of 191
<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
<br />listed above.
<br />154 189
<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 />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 />2017
<br />36,752,635
<br />31,411,452
<br />5,341,183
<br />2,080,000
<br />2,352,256
<br />1.21
<br />2018
<br />43,031,133
<br />36,469,678
<br />6,561,455
<br />1,975,000
<br />1,999,194
<br />1.65
<br />2019
<br />46,708,545
<br />32,725,719
<br />13,982,826
<br />2,000,000
<br />1,965,763
<br />3.53
<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
<br />listed above.
<br />154 189
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