Page 222 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Pledged – Revenue Coverage

Last Ten Fiscal Years
(dollars in thousands)

Revenue Bonds
Water & Sewer Bonds
Net Revenue
Fiscal Gross Operating Available for Debt Service
Year Revenues Expenses Debt Service Principal Interest Coverage

2018 $ 118,967 $ 43,883 $ 75,084 $ 22,790 $ 18,388 1.8x
2017 108,362 43,208 65,154 21,280 17,167 1.7x
2016 103,754 39,465 64,289 20,500 18,804 1.6x
2015 95,789 39,044 56,745 19,800 19,637 1.4x
2014 89,181 38,273 50,908 18,955 20,822 1.3x
2013 91,295 37,904 53,391 15,910 21,467 1.4x
2012 83,360 38,525 44,835 15,575 18,771 1.3x
2011 76,735 36,840 39,895 12,900 13,727 1.5x
2010 71,358 34,985 36,373 11,885 13,281 1.4x
2009 67,469 37,065 30,404 10,735 12,975 1.3x

Special Obligation Bonds
Fiscal Sales Debt Service
Year Tax Principal Interest Coverage

2018 $ 35,441 $ 3,024 $ 703 9.5x
2017 33,658 2,939 671 9.3x
2016 31,845 3,329 706 7.9x
2015 30,129 3,214 761 7.6x
2014 25,743 2,531 821 7.7x
2013 25,288 2,739 789 7.2x
2012 25,068 1,870 857 9.2x
2011 22,719 1,717 925 8.6x
2010 27,234 1,470 995 11.1x
2009 28,631 1,415 792 13.0x

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