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43

City of Raleigh

Financial Section

The debt service coverage ratio for the fiscal year end is as follows: 

Operating revenues

226,996,285

$    

Operating expenses

(128,695,570)

Operating income

98,300,715

Nonoperating revenues

6,263,764

Nonoperating expenses

(26,353,783)

Change in net position

78,210,696

Allowable revenue adjustments for calculation

(1,699,345)

Allowable expense adjustments for calculation

63,327,307

Income available for debt service

139,838,658

$    

Debt service, principal and interest paid on

revenue bonds and certain state loans (Parity)

51,375,261

$      

Debt service coverage ratio

2.72

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