Investor Presentaiton
DWAF Leverage Series Debt Service Schedule and Coverage
As of 9/30/2013
Total
Estimated
Total
12/1/2013
6/1/2014
12/1/2014
6/1/2015
12/1/2015
Principal (a)
16,296,334.53
Debt Service
13,706,901.20
Estimated
Surplus
2,589,433.33
Gross
Coverage
Bab
Net
Subsidy
Coverage
1.19
432,193.55
1.22
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
6/1/2032
12/1/2032
6/1/2033
12/1/2033
17,148,615.35
17,574,579.66
18,305,055.01 14,419,244.95
18,868,176.49 14,644,557.45
18,640,509.11 14,359,907.45
18,911,224.37 14,579,663.70
19,179,739.46
19,459,531.15
19,744,014.62
20,033,271.84
20,151,964.90 15,583,957.45
20,447,557.53 15,828,394.95
20,721,481.60 16,050,601.20
20,028,883.09 15,406,801.20
19,857,661.27 15,232,219.95
19,323,850.77
19,380,695.01
19,114,402.06
19,020,022.45
18,195,479.74
18,029,539.73
17,936,040.99
17,149,855.83
17,221,354.82
16,960,738.80
14,135,543.93
13,636,079.56
13,617,221.86
11,810,722.17
9,810,779.30
13,913,907.45
3,234,707.90
1.23
432,193.55
1.26
13,971,107.45
3,603,472.21
3,885,810.06
1.26
432,193.55
1.29
1.27
432,193.55
1.30
4,223,619.04
1.29
432,193.55
1.32
4,280,601.66
4,331,560.67
1.30
432,193.55
1.33
1.30
432,193.55
1.33
14,805,394.95
4,374,344.51
1.30
432,193.55
1.32
15,032,326.20
4,427,204.95
1.29
432,193.55
1.32
15,264,732.45
4,479,282.17
1.29
432,193.55
1.32
15,501,107.45
4,532,164.39
1.29
432,193.55
1.32
4,568,007.45
1.29
432,193.55
1.32
4,619,162.58
1.29
432,193.55
1.32
4,670,880.40
1.29
432,193.55
1.32
4,622,081.89
1.30
432,193.55
1.33
4,625,441.32
1.30
432,193.55
1.33
6,021,738.50
5,998,087.95
13,085,044.95
9,639,563.70 9,741,131.31
7,436,827.70 11,677,574.36
6,846,555.25 12,173,467.20
6,047,958.85 12,147,520.89
12,007,801.23
11,937,953.04
6,238,805.82
1.48
432,193.55
1.51
2.01
432,193.55
2.06
2.57
411,880.95
2.63
2.78
391,199.03
2.84
3.01
370,147.79
3.07
2.99
348,727.23
3.05
2.99
326,937.35
3.04
3,561,888.45
13,587,967.38
4.81
304,778.15
4.90
3,528, 196.25
13,693,158.57
4.88
282,249.63
4.96
6,178,573.85
10,782,164.95
2.75
259,351.79
2.79
3,238,512.35
10,897,031.58
4.36
233,979.32
4.44
3,214,727.65
3,189,507.45
10,421,351.91
4.24
208,154.68
4.31
10,427,714.41
4.27
181,827.61
4.33
3,162,851.75
8,647,870.42
3.73
154,998.11
3.78
3,134,760.55
6,676,018.75
3.13
127,666.19
3.17
8,666,228.29
8,203,932.57
7,390,144.02
6,556,588.13
5,643,434.43
5,147,485.60
4,349,665.56
4,004,570.76
3,105,233.85
5,560,994.44
2.79
99,831.85
2.82
3,074,271.65
5,129,660.92
2.67
71,495.08
2.69
2,446,873.95
1,975,123.20
4,943,270.07
4,581,464.93
5,643,434.43
3.02
42,655.88
3.04
3.32
19,293.12
3.33
5,147,485.60
4,349,665.56
4,004,570.76
3,569,568.61
3,569,568.61
2,984,444.48
2,984,444.48
6/1/2034
12/1/2034
6/1/2035
12/1/2035
6/1/2036
12/1/2036
2,374,733.42
2,374,733.42
2,053,296.62
2,053,296.62
1,491,040.77
1,491,040.77
1,066,486.80
1,066,486.80
957,520.38
957,520.38
962,200.08
962,200.08
6/1/2037
966,926.27
966,926.27
12/1/2037
6/1/2038
971,699.32
971,699.32
976,519.74
976,519.74
12/1/2038
981,387.96
981,387.96
6/1/2039
986,304.49
986,304.49
12/1/2039
978,559.85
978,559.85
6/1/2040
974,990.71
974,990.71
12/1/2040
961,772.24
961,772.24
6/1/2041
12/1/2041
909,549.15
909,549.15
911,415.63
911,415.63
6/1/2042
810,433.22
810,433.22
12/1/2042
6/1/2043
12/1/2043
714,701.49
714,701.49
633,668.58
633,668.58
572,875.99
572,875.99
6/1/2044
12/1/2044
367,038.54
367,038.54
198,153.14
198,153.14
6/1/2045
62,415.18
62,415.18
629,110,679.02
295,923,555.72
11,614,657.53
25
333,187,123.30
(a) The amounts shown are the pledged amounts required to be paid by Local Governmental Agencies
under the Existing DWAF Loan Agreements which amounts are to be deposited in the Principal
Fund and have been pledged as security for either currently issued or additional Leverage Series
Bonds. Amounts shown are semi-annual repayment amounts and do not include interest earnings
thereon. Payments by the Local Governmental Agencies are due semi-annually on January 1 and
July 1 of each year.
(b) Coverage is calculated based on pledged payments due on Existing DWAF Loans as of September 30,
2013. As additional DWAF loans are made and the pledged payments become due thereon, coverage will
increase, subject to the Authorities exercise of its rights under the Trust Agreement to issue additional
Leverage Series Bonds and to depledge Pledged Revenues.
(c) Coverage is calculated as described in (b) above except that the 35% Federal Subsidy on the Series 2010B
Leverage Bonds - BABS has been deducted from debt service on those bonds.View entire presentation