State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1997 Revenue Bond Coverage Rental Housing

Revenue Bond Coverage
Rental Housing


Last Ten Fiscal Years
(Expressed in Thousands)
FOR THE YEAR ENDED JUNE 30,	GROSS RECEIPTS USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	DEBT SERVICE REQUIREMENTS
FOR THE YEAR ENDED JUNE 30,	GROSS RECEIPTS USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)	NET REVENUE AVAILABLE FOR DEBT SERVICE	PRINCIPAL	INTEREST	TOTAL	COVERAGE
1988	$7,985	$2,483	$5,502	$5,950	$6,090	$12,040	0.46
1989	13,206	3,210	9,996	1,550	7,480	9,030	1.11
1990	16,106	4,205	11,901	1,550	8,694	10,244	1.16
1991	18,113	3,234	14,879	1,550	11,360	12,910	1.15
1992	10,071	1,267	8,804	1,550	8,562	10,112	0.87
1993	17,163	1,585	15,578	1,000	7,805	8,805	1.77
1994	16,102	-	16,102	2,038	12,991	15,029	1.07
1995	14,012	61	13,951	1,052	8,310	9,362	1.49
1996	10,225	1,329	8,896	2,305	7,856	10,161	0.88
1997	7,329	33	7,296	2,175	7,814	9,989	0.73

(1) Includes Operating and Non-Operating Revenues and Principal Collections.
(2) Includes Operating Expenses Less Depreciation, Amortization, Interest Expenses, and Provision for Loan Losses.

SOURCES: Combining Statement of Revenues, Expenses, and Changes in Retained Earnings Combining Statement of Cash Flows

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