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<br />Table 16-RWP 2004 Update
<br />Redwood City Water Financing Plan
<br />Add itional Debt Test
<br />Impact of Recycled Water Project Assuming No Increases in Operating Costs or SFPUC Rates
<br /> 2004/05 2005/06 2006/07 2007/08 2008/09
<br />Projected Bond Issues
<br />Issuance Date Jan-1 Jan-1 Jan-1 Jan-1 Jan-1
<br />Principal Amount $35,800,000 $18,250,000 $17,035,000 $7,715,000 $14,220,000
<br />Additional Debt Test
<br />Rate revs from prior year 13,452,423 17,050,000 17,887,000 18,776,000 19,938,000
<br />Other revs from prior year 1,309,570 460,340 692,000 773,000 848,000
<br />Add'i revs: current + 1 future rate in< 1,306,230 2,107,380 2,210,833 2,320,714 2,464,337
<br />Total test revenues 16,068,223 19,617,720 20,789,833 21,869,714 23,250,337
<br />O&M expenses from prior year 11,352,417 14,966,811 15,337,350 15,459,000 15,489,000
<br />O&M adjustments 0 0 0 0 0
<br />Total test O&M expenses 11,352,417 14,966,811 15,337,350 15,459,000 15,489,000
<br />Adjusted net revenues 4,715,806 4,650,909 5,452,483 6,410,714 7,761,337
<br />Projected total gross debt svc 2,280,000 3,500,000 4,670,000 5,200,000 6,180,000
<br />Add'i Debt Test Coverage 2.07 1.33 1.17 1.23 1.26
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<br />BARTLE WELLS ASSOCIA TES
<br />F:\Jobs\Redwood City\1921\ \Redwood City Tables 12-20-04\Addl Bonds Test RWP, 12/21/2004,6: 17 PM
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