City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
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<strong>City</strong> <strong>and</strong> <strong>County</strong> <strong>of</strong> <strong>Denver</strong><br />
<strong>Municipal</strong> <strong>Airport</strong> <strong>System</strong><br />
<strong>ANNUAL</strong> FINANCIAL INFORMATION (UNAUDITED)<br />
LAST TEN FISCAL YEARS<br />
(7) Historical Net Revenues <strong>and</strong> Debt Service Coverage under the Bond Ordinance (in thous<strong>and</strong>s)<br />
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010<br />
Gross revenue $ 526,631 $ 499,435 $ 527,567 $ 543,044 $ 571,102 $ 592,110 $ 616,106 $ 635,607 $ 631,592 $ 668,885<br />
Operation <strong>and</strong><br />
maintenance expenses 211,272 216,791 201,573 220,254 238,142 256,191 282,746 305,382 309,270 302,881<br />
Net revenue 315,359 282,644 325,994 322,790 332,960 335,919 333,360 330,225 322,322 366,004<br />
Other available funds 54,558 46,751 50,807 54,849 55,173 50,791 53,251 53,575 49,288 57,449<br />
Total amount available<br />
for debt service $ 369,917 $ 329,395 $ 376,801 $ 377,639 $ 388,133 $ 386,710 $ 386,611 $ 383,800 $ 371,610 $ 423,453<br />
requirements<br />
Debt service $ 248,375 $ 225,286 $ 230,547 $ 243,495 $ 241,622 $ 220,001 $ 229,923 $ 240,028 $ 237,905 $ 235,244<br />
requirements<br />
Debt service coverage 149% 146% 163% 155% 161% 176% 168% 160% 156% 180%<br />
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