Laserfiche WebLink
Financial Plan Scenarios <br />Financial Performance Targets <br />8 <br />Financial Policy What is it?How much is it?What is it for? <br />Operating and Capital <br />Reserve Target <br />35% of annual <br />operating expenses Approximately $15M <br />Pay for unexpected <br />operating cost <br />increases, <br />emergencies, etc. <br />Debt Coverage <br />Requirement <br />125% of annual debt <br />service <br />Net revenues <br />(revenues minus <br />operating expenses) <br />must be 1.25x annual <br />debt service <br />Avoid technical <br />default, maintain debt <br />rating to issue debt in <br />the future <br />Page 20 of 27