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Golf Course Revenue Bond Coverage
from City of Downey Annual Comprehensive Financial Report For Fiscal Year Ended June 30, 2022
by downeyca
CITY OF DOWNEY
GOLF COURSE REVENUE COVERAGE (amounts expressed in thousands)
Last Ten Fiscal Years
Net Direct Available Fiscal Gross Operating for Debt Debt Service Requirement
Year Revenue Expenses Service Principal Interest Total Coverage 2012-13 2,639 2,414 225 350 349 699 0.32 2013-14 3,325 2,696 629 365 335 700 0.90 2014-15 3,019 2,966 53 475 132 607 0.09 2015-16 3,249 2,453 796 395 210 605 1.32 2016-17 3,128 2,593 535 410 195 605 0.88 2017-18 3,223 2,733 490 425 180 605 0.81 2018-19 3,213 2,703 510 445 163 609 0.84 2019-20 2,776 2,832 (56) 460 147 607 (0.09) 2020-21 4,313 2,991 1,322 475 130 605 2.19 2021-22 4,694 2,978 1,716 495 112 607 2.83
Note: Direct operating expenses does not include inter-fund transfers and debt services.