Investor Presentaiton
Fresh Water Debt Service Schedule and Coverage
As of 9/30/2013
Total Revenue
12/1/2013
6/1/2014
12/1/2014
Available for
Debt Service (a)
40,674,650.11
Combined
Fresh Water
Debt Service
34,014,523.08
Estimated
Gross
Surplus
6,660,127.04
Unadjusted
Coverage (b)
Build America
Bond Subsidy
Adjusted
Payments
Coverage (c)
1.20
1,159,051.22
1.23
Revenue
Available from
from Prior
Program Loans (d)
9,534,047.25
Coverage with
Bab's subsidy and
Prior Program
Revenue
1.51
41,611,265.71
34,699,370.30
6,911,895.41
1.20
1,159,051.22
1.23
8,457,102.14
1.48
6/1/2015
12/1/2015
6/1/2016
12/1/2016
6/1/2017
12/1/2017
6/1/2018
12/1/2018
6/1/2019
12/1/2019
6/1/2020
12/1/2020
6/1/2021
12/1/2021
6/1/2022
12/1/2022
6/1/2023
12/1/2023
6/1/2024
12/1/2024
6/1/2025
12/1/2025
6/1/2026
12/1/2026
6/1/2027
12/1/2027
6/1/2028
12/1/2028
6/1/2029
12/1/2029
6/1/2030
12/1/2030
6/1/2031
12/1/2031
42,596,547.25 33,094,757.80
44,833,882.60 32,751,804.05
44,781,591.48 32,597,235.30
43,514,713.51 31,522,510.30
43,412,703.83 31,145,860.30
42,903,055.86 22,077,697.80
42,747,975.56 21,947,166.55
42,106,476.83 21,539,154.05
41,868,938.79 30,280,622.80
41,495,706.38 30,578,572.80
41,309,951.92 31,936,016.55
40,572,682.73 31,395,960.30
39,599,690.00 30,510,050.55
38,737,853.06 30,322,268.13
38,107,923.81 29,836,043.30
36,891,559.86 28,874,385.80
35,920,357.70
28,007,846.85
35,361,188.01 27,589,964.15
34,669,032.04 14,832,995.78
34,172,527.40
32,626,763.24
32,203,574.17
31,221,387.88
30,271,103.03 12,400,435.48
29,159,521.76 11,890,012.03
27,760,851.77 11,222,009.00
27,001,759.73 10,561,481.58
26,224,941.18 10,317,729.15
25,985,253.01 10,193,796.75
25,462,155.56 9,808,289.35
24,883,510.23 9,532,631.43
9,501,789.45
1.29
1,159,051.22
1.32
5,998,315.14
1.50
12,082,078.55
1.37
1,159,051.22
1.40
4,941,238.49
1.56
12,184,356.18
1.37
1,159,051.22
1.41
4,782,591.87
1.56
11,992,203.21
1.38
1,159,051.22
1.42
4,239,543.57
1.55
12,266,843.53
1.39
1,159,051.22
1.43
3,879,239.85
1.56
20,825,358.06
1.94
1,159,051.22
2.00
2,642,594.09
2.12
20,800,809.01
20,567,322.78
1.95
1,159,051.22
2.00
1,799,827.46
2.08
1.95
1,159,051.22
2.01
1,352,872.83
2.07
11,588,315.99
1.38
1,159,051.22
1.42
1,152,005.67
1.46
10,917,133.58
1.36
1,159,051.22
1.39
376,766.32
1.41
9,373,935.37
1.29
1,159,051.22
1.33
216,565.45
1.34
9,176,722.43
1.29
1,159,051.22
1.33
16,536.65
1.33
9,089,639.45
1.30
1,152,189.09
1.34
1.34
8,415,584.93
1.28
1,145,356.79
1.32
1.32
8,271,880.51
1.28
1,134,593.11
1.32
1.32
8,017,174.06
1.28
1,123,860.10
1.32
1.32
7,912,510.85
1.28
1,107,712.98
1.32
1.32
7,771,223.86
1.28
1,091,565.85
1.32
1.32
19,836,036.26
2.34
1,070,179.67
2.41
2.41
15,117,427.40
19,055,100.00
2.26
1,048,793.49
2.33
2.33
13,360,686.10
19,266,077.14
2.44
1,020,789.90
2.52
2.52
13,757,958.20
18,445,615.97
2.34
992,855.12
2.41
2.41
12,810,015.05
18,411,372.83
2.44
957,848.79
2.51
2.51
17,870,667.55
2.44
922,878.10
2.52
2.52
17,269,509.73
2.45
882,318.95
2.53
2.53
16,538,842.77
2.47
841,799.80
2.55
2.55
16,440,278.15
2.56
798,160.71
2.63
2.63
15,907,212.03
2.54
754,521.62
2.61
2.61
15,791,456.26
2.55
713,002.49
2.62
2.62
15,653,866.21
15,350,878.80
2.60
671,483.36
2.66
2.66
2.61
631,444.20
2.68
2.68
23,000,970.55
8,144,467.25
14,856,503.30
2.82
591,405.03
2.90
2.90
22,385,280.37
8,031,615.03
14,353,665.34
2.79
556,725.76
2.86
2.86
21,002,491.83
19,720,922.78
6,742,844.05
6,655,323.75
14,259,647.78
13,065,599.03
3.11
522,046.48
3.19
3.19
2.96
494,037.42
3.04
3.04
6/1/2032
12/1/2032
19,155,508.26
5,971,876.38
13,183,631.88
3.21
466,069.19
3.29
3.29
6/1/2033
12/1/2033
6/1/2034
12/1/2034
6/1/2035
18,479,045.26
17,894,096.05
16,822,994.28
15,870,298.80
15,169,244.77
13,991,861.92
5,897,138.33
12,581,906.93
3.13
442,959.67
3.21
3.21
5,781,464.88
12,112,631.17
3.10
419,931.81
3.17
3.17
5,700,897.70
11,122,096.58
2.95
397,026.44
3.02
3.02
5,404,534.70
10,465,764.10
2.94
374,161.90
3.01
3.01
5,038,835.48
10,130,409.29
3.01
347,336.88
3.08
3.08
4,839,961.25
9,151,900.67
2.89
320,511.88
2.96
2.96
12/1/2035
13,506,898.00
4,739,694.38
8,767,203.62
2.85
288,868.99
2.91
2.91
6/1/2036
12/1/2036
6/1/2037
12/1/2037
6/1/2038
12/1/2038
13,327,114.27
4,529,550.43
8,797,563.84
2.94
257,266.92
3.00
3.00
12,404,899.11
4,437,233.75
7,967,665.36
2.80
226,603.94
2.85
2.85
12,216,740.53
11,442,450.91
4,079,917.08
8,136,823.45
2.99
195,940.96
3.04
3.04
3,989,115.43
7,453,335.48
2.87
167,441.94
2.91
2.91
10,108,755.96
2,973,436.70
7,135,319.26
3.40
138,983.75
3.45
3.45
6/1/2039
12/1/2039
6/1/2040
12/1/2040
6/1/2041
12/1/2041
6/1/2042
12/1/2042
6/1/2043
12/1/2043
9,787,215.43
9,557,895.17
9,095,191.22
7,352,600.89
6,397,698.08
6,033,471.26
5,478,147.60
4,435,098.10
2,464,219.60
1,845,790.48
1,035,406.45
2,905,622.03
6,881,593.40
3.37
118,119.86
3.41
3.41
2,667,930.28
2,604,540.90
6,889,964.89
3.58
97,296.79
3.62
3.62
6,490,650.32
3.49
77,902.76
3.52
3.52
2,176,274.45
2,122,104.45
1,418,057.38
1,380,113.48
512,292.50
5,176,326.44
3.38
58,549.56
3.41
3.41
4,275,593.63
3.01
42,217.75
3.03
3.03
4,615,413.88
4.25
25,926.76
4.27
4.27
4,098,034.12
3.97
14,984.44
3.98
3.98
3,922,805.60
2,464,219.60
8.66
4,082.96
8.67
8.67
1,845,790.48
1,035,406.45
6/1/2044
12/1/2044
886,180.09
497,705.74
1,542,057,289.76
886, 180.09
859,272,120.10
497,705.74
682,785, 169.66
40,934,471.04
49,389,246.78
31
(a) The amounts show are the aggregate of the amounts required to be paid by Local Governmental Agencies under the Existing Cooperative Agreements, which amounts
have been assigned by the Authority i the Trust Agreement for deposit in the revenue fund. Amounts shown are semi-annual amounts and do not include any interest
earnings thereon. Payments by the Local Governmental Agencies are due semiannually on January 1 and July 1.
(b) Coverage is calculated based on loan payments due on Existing Fresh Water Loans as of September 30, 2013. As additional Fresh Water loans are made and the
loan payments become due thereon, coverage will increase, subject to the Authority's exercise of its rights under the Trust Agreement to issue additional Fresh Water
Bond and to depledge Pledged Revenues.
(c) Coverage is calculated as described in (b) above except that the 35% Federal Subsidy on the Series 2010 A Fresh Water Bonds - BABS has been added as an
addition to Pledged Revenues. The amount expected to be received from the BAB's subsidy has been reduced by 5.1% for all periods. This reduction reflects BAB's
subsidy reductions included in the Budget Control Act of 2011 and the American Taxpayers Relief Act of 2012.
(d) Prior Program revenues are the loan repayments to be deposited into the Cross-Collateralization Fund from the Clean Water, Safe Water, and Pure Water loans.View entire presentation