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CITY OF ELK RIVER, MINNESOTA
<br />PLEDGED-REVENUE COVERAGE
<br />LAST TEN FISCAL YEARS
<br />1
<br />Revenue Bonds
<br /> Net
<br />FiscalGrossOperatingRevenueDebt Service
<br />23
<br />YearRevenue ExpensesAvailablePrincipalInterestCoverage
<br />19979,627,607$ 6,232,066$ 3,395,541$ 380,000$ 324,942$ 4.82
<br />199811,185,4657,255,5943,929,871385,000408,1684.95
<br />199912,272,8617,798,1084,474,753432,500411,9695.30
<br />200013,579,2188,699,8974,879,321490,000395,2995.51
<br />200114,455,7819,562,2954,893,486517,500368,8195.52
<br />200215,434,08310,904,4324,529,651590,000463,7264.30
<br />200316,432,76412,708,0223,724,742615,000486,2963.38
<br />200417,656,78413,760,0513,896,7332,445,000513,8781.32
<br />200519,791,62615,615,4534,176,1731,150,000485,7772.55
<br />200621,940,29916,970,6254,969,6742,405,000573,3451.67
<br /> Note: Details regarding the government's outstanding debt can be found in the notes to the financial statements.
<br />1
<br /> Includes Liquor, Sewer, Water and Electric revenue bonds
<br />2
<br /> Gross revenue excludes interest income, connection fees and miscellaneous revenues
<br />3
<br /> Expenses exclude depreciation, interest on bonds and miscellaneous expenses
<br />96
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