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Financial Plan – No Revenue Increase <br />Debt Coverage <br />•Blue line is calculated <br />debt coverage <br />•Dashed line is debt <br />coverage requirement <br />(125% of debt service) <br />•Without increasing rate <br />revenues, City is in <br />technical default <br />starting in FY 2027 <br />11 <br />Financial Plan – No Revenue Increase <br />Capital Project Funding <br />•Assumes “Stabilize” <br />WSMP scenario <br />•Black bars are grant <br />funded projects <br />•Blue bars are debt <br />funded projects (no new <br />debt for status quo) <br />•Green bars are cash <br />funded projects <br />12 <br />Page 22 of 27