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Table 76. Rate Study Sewer CIP Expenses by Expense Type, FY 2026 to FY 2031
<br />Rate Funded CIP
<br />Total CIP
<br />$4,111,232 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
<br />$4,111,232 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
<br />Figure 9. Rate Study Sewer CIP Expenses by Funding Source, FY 2026 to FY 2031
<br />$6.0
<br />cn
<br />C
<br />$5.0
<br />$4.0
<br />$3.0
<br />$2.0
<br />$1.0
<br />$0.0
<br />FY 2026 FY 2027
<br />Debt Service
<br />and Coverage Ratios
<br />FY 2028
<br />Rate Funded
<br />FY 2029 FY 2030 FY 2031
<br />The CWSRF Septic to Sewer Island Bond payments are made annually. Table 77 shows the Sewer
<br />utility's annual debt payments used in this study. Table 78 shows the projected debt service coverage
<br />ratios under the current rates.
<br />Table 77. Rate Study Debt Service Expenses, FY 2026 to FY 2031
<br />Principal
<br />$35,969
<br />$35,941
<br />$36,875
<br />$37,834
<br />$38,818
<br />$39,827
<br />Interest
<br />$37,773
<br />$37,801
<br />$36,867
<br />$35,908
<br />$34,924
<br />$33,915
<br />Total Debt Service
<br />$73,742
<br />$73,742
<br />$73,742
<br />$73,742
<br />$73,742
<br />$73,742
<br />Table 78. Rate Study Debt
<br />Service Coverage Ratios, FY 2026 to
<br />FY 2031
<br />Description
<br />Total Revenue
<br />$9,772,314
<br />$9,789,774
<br />$9,801,412
<br />$9,819,036
<br />$9,836,813
<br />$9,849,084
<br />Total Operating Expense
<br />$8,759,440
<br />$9,132,875
<br />$9,517,728
<br />$9,894,897
<br />$10,287,824
<br />$10,671,969
<br />Net Revenue
<br />$1,012,874
<br />$656,898
<br />$283,684
<br />($75,861)
<br />($451,011)
<br />($822,885)
<br />Total Debt Service
<br />$73,742
<br />$73,742
<br />$73,742
<br />$73,742
<br />$73,742
<br />$73,742
<br />Debt Service Coverage Ratio
<br />13.74
<br />8.91
<br />3.85
<br />-1.03
<br />-6.12
<br />-11.16
<br />DSCR Requirement
<br />1.25
<br />1.25
<br />1.25
<br />1.25
<br />1.25
<br />1.25
<br />_ 50
<br />6ity ouncl 8 — 68 1/20/2026
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