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<br />Table 6 . City of Pleasanton Sewer Fund
<br /> Projected Operating Results and Bond Coverage
<br /> 2001/02 2002103 2003/04 2004/05 2005106
<br />Revenues
<br />Charges for services' $10,445,000 $11,400,000 $12,000,000 $12,600,000 $13.200,000
<br />Connection fees2 184,000 171,000 143,000 105,000 53,000
<br />Interest earnings' 280,000 250,000 275,000 310,000 335,000
<br />Miscellaneous4 45.000 49.000 51,000 54,000 56,000
<br />Total revenues 10,954,000 11,870,000 12,469,000 13,069,000 13,844,000
<br />Expenses
<br />Maintenance and operations5 9300.000 10,100 000 10.600 000 11 100,000 11700,000
<br />Net Revenues 1,654,000 1,770,000 1,869,000 1,969,000 1,944,000
<br />Debt Service Payments (rounded)
<br />1989 COPs' 456,000
<br />2002A Sewer refunding rev. bonds 360,000 419,000 420,000 419,000
<br />1994 Series A revenue bonds? 223.000 224 000 228.000 221,000 221,000
<br />Total debt 679,000 584,000 647,000 641,000 640,000
<br />Debt service coverage (min. 1.25) 244 3.03 2.89 3.07 3.04
<br />Available for other purposes 975,000 1,186,000 1,222,000 1,328,000 1,304,000
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<br />1 ~ 2001/02.2002/03 budget. SUbsequent years estimated by city. Revenue indudes regional service charges
<br />collected by City and sent to DSRSD per the regional agreement.
<br />2 - Five-year capital improvement program 2001/02 - 2005/06.
<br />3 - 2001/02-2002103 budget and five year capital improvement program.
<br />4 - Interfund revenue for city sewer service.
<br />5 - 2001/02-2002103 budget. M&O costs are escalated at 5 percent annually beginning in 2003104. M&O cests
<br />include a transfer of regional service charges to DSRSD.
<br />6 - Refunded with 2002 sewer revenue refunding bonds.
<br />7 - Portion of obligation attributable to sewer fund.
<br />
<br />Source: City of Pleasanton.
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<br />RlSK FACTORS
<br />
<br />This section describes certain special considerations and risk factors affecting the pay-
<br />ment of and security for the Bonds. The following discussion is not meant to be an
<br />exhaustive list of the risks associated with the purchase of any Bonds and does not neces-
<br />sarily reflect the relative importance of the \'arious risks. Potential in\'estors are advised
<br />to consider the following special factors along with all other information in the official
<br />statement in e\'aluating the Bonds, There can be no assurance that other considerations
<br />will not arise in the future.
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