2012 Comprehensive Annual Financial Report - the City of Tukwila

CITY OF TUKWILA: 2012 CAFRSTATISTICAL SECTIONSCHEDULE 16REVENUE BOND COVERAGE - WATER AND SEWER BONDS (d)LAST TEN FISCAL YEARSFiscalYearGrossRevenue (a)OperatingExpenses (b)Net RevenueAvailable for DebtServiceAverage Annual Debt Service RequirementsPrincipal Interest TotalTimesCoverage (c)2003 $ 7,308,831 $ 5,784,330 $ 1,524,501 $ 352,692 $ 129,354 $ 482,0463.162004 7,746,252 5,876,411 1,869,841 345,000 119,647 464,647 4.022005 7,804,815 6,161,436 1,643,379 334,091 110,015 444,106 3.702006 8,052,850 6,418,607 1,634,243 285,162 116,973 402,135 4.062007 8,574,512 6,774,625 1,799,887 273,920 113,819 387,739 4.642008 8,854,566 6,099,295 2,755,271 271,337 105,850 377,187 7.302009 10,196,365 8,384,852 1,811,513 267,144 97,348 364,492 4.972010 9,833,857 8,196,277 1,637,580 261,612 88,884 350,496 4.672011 11,921,278 8,965,455 2,955,823 254,175 80,517 334,692 8.832012 (d) 5,250,929 3,985,190 1,265,739 136,573 30,240 166,813 7.59Notes:(a)Includes operating and non-operating revenue. Excludes capital contributions.(b)Includes operating expenses and non-operating expenses exclusive of depreciation, amortization and interest charges.(c)Bond financing requirements are that the average annual coverage is at least 1.25 times the average annual debt servicefor Water and Sewer revenue bonds.(d)In 2012, the Water and Sewer Bond Funds were segregated. Thus, 2012 data includes only the Water Bond Fund.Sources:Tukw ila Finance DepartmentWater and Sewer Revenue Bonds10.00CoverageRatio8.006.004.002.00‐2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 (d)160