Revenue Bond Coverage Drinking Water Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2004

FOR THE YEAR ENDED JUNE 30,	GROSS REVENUES(1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	DEBT SERVICE REQUIREMENTS
Revenue Bond Coverage
Drinking Water
Last Three Fiscal Years
(Expressed in Thousands)
FOR THE YEAR ENDED JUNE 30,	GROSS REVENUES(1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	PRINCIPAL	INTEREST	TOTAL	COVERAGE
2002	9,366	1,541	7,825	-	1,375	1,375	5.69
2003	18,888	1,946	16,942	-	1,375	1,375	12.32
2004	9,205	1,508	7,697	1,332	1,906	3,238	2.38
(1) Includes Operating, Non-Operating Revenues and Federal Grants
(2) Includes Operating Expenses Less Depreciation and Interest Expenses.
SOURCE:	Drinking Water Financial Statements