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<br />CONDENSED STATEMENT OF OPERATIONS
<br />WATERWORKS AND SEWER SYSTEM
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<br />Fiscal Year Ended 9.30.84 9-30-83 9-30-82 9-30-81 9-30-80 9-30-79
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<br />Revenue
<br />Waterworks System $1,619,243 Sl,236,247 $ 924,504 $ 858,928 $ 813,484 $564,445
<br />Sewer System 1,043,986 824,164 688,638 619,255 348,636 265,622
<br />Miscellaneous 172,376 149,560 63,237 11,249 -0- -0-
<br />TOTAL S2,835,605 $2,209,971 $1,676,379 $1,489,432 $1,162,120 $830,067
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<br />Expense
<br />Waterworks and
<br />Sewer System $1,467,765 $1,675,247 $1,264,351 $1,111,278 $ 771,094 $703,185
<br />TOTAL $1,467,765 $1,675,247 $1,264,351 $1,111,278 $ 771,094 $703,185
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<br />NET AVAILABLE FOR
<br />DEBT SERVICE $1,367,840 $ 534,724 $ 412,028 $ 378,154 $ 391,026 $126,882
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<br />Water Customers 5,904 5,602 5,239 4,896 4,562 4,390
<br />Sewer Customers 5,491 5,229 4,989 4,546 4,212 4,030
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<br />Average Annual Principal and Interest Requirements on the Outstanding
<br />Waterworks and Sewer System Revenue Debt, 1985-2008---------------------------- $ 230,229
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<br />Coverage of Average Requirements by 9-30.84 Net Income--------------------------- 5.94 Times
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<br />Maximum Principal and Interest Requirements, 1985-------------------------------- S 319,110
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<br />Coverage of Maximum Requirements by 9-30-84 Net Income--------------------------- 4.29 Times
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<br />Waterworks and Sewer System Revenue Debt Outstanding, 1-31-85-------------------- $2,755,000
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<br />Interest and Sinking Fund, 1-31-85----------------------------------------------- $ 181,928
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<br />Reserve Fund, 1-31-85 .-------------------------------------------------------- $ 178,933
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<br />Repair and Replacement Fund, 1-31-85--------------------------------------------- $ 40,708
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<br />AUTHORIZED REVENUE BONDS
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<br />Amount Amount
<br />Date Amount Heretofore Being Unissued
<br />Puroose Authorized Authorized Issued Issued Balance
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<br />Waterworks and Sewer System
<br />Improvements 04-07-84 $6,200,000 $ -0- $ -0- $6,200,000
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<br />ANTICIPATED ISSUANCE OF VOTED REVENUE BONDS
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<br />The capital improvement plan of the City calls for a $2,000,000 installment to be issued
<br />within the next year, with the second insta11ment of $4,200,000 to be issued approximate1y
<br />two years thereafter.
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