LOS ANGELES COUNTY SANITATION DISTRICTS
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA * ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 1 Fiscal Year 2008/09 Service Charge 17,648 19,466 21,821 21,869 22,451 22,662 23,383 24,104 24,826 25,547 Industrial Waste 4,241 5,374 4,743 5,026 4,959 4,594 4,640 4,686 4,733 4,781 Contract 1,258 1,187 3,408 1,792 1,308 1,292 1,521 1,582 1,645 1,711 Interest 2,043 1,183 990 668 434 423 411 392 402 425 Rate Stabilization Fund 2,141 3,070 0 0 0 0 0 0 0 0 Miscellaneous 233 299 279 245 93 264 264 264 264 264 Subtotal 30,819 33,413 33,699 32,207 32,023 31,793 32,815 33,664 34,545 35,441
Connection Fees 168 159 154 154 154 108 108 108 108 108 Revenue for Sr Debt 30,987 33,572 33,853 32,361 32,177 31,901 32,924 33,772 34,653 35,550
Connection Fees 1,657 1,681 1,557 1,409 838 108 108 108 108 108 Revenue for Sub Debt 32,476 35,094 35,256 33,616 32,861 31,901 32,924 33,772 34,653 35,550
EXPENSES
Total O&M 21,818 21,521 20,764 21,513 20,836 22,811 23,743 24,547 25,348 26,131 Rate Stabilization Fund 0 0 3,833 1,169 0 0 0 0 0 0 Total Expenses 21,818 21,521 24,597 22,682 20,836 22,811 23,743 24,547 25,348 26,131
DEBT SERVICE Senior AV
Bonds 2,257 2,257 2,250 2,209 2,194 2,191 2,174 2,173 2,171 2,174 State Loans 342 342 341 341 338 0 0 0 0 0 Senior Revenue
State Loans 1,634 1,636 1,636 1,701 1,571 1,595 1,595 1,474 1,474 1,474 Total Senior Debt Service 4,233 4,235 4,227 4,251 4,103 3,787 3,769 3,647 3,645 3,648
Subordinate Revenue
Bonds
State Loans 262 279 251 290 411 417 417 417 498 832 Total Debt Service 4,495 4,514 4,478 4,541 4,514 4,204 4,187 4,065 4,143 4,479 SENIOR DEBT COVERAGE 2.10 2.78 2.13 2.21 2.66 2.29 2.32 2.41 2.42 2.35 SUBORDINATE DEBT COVERAGE 2.37 3.01 2.38 2.41 2.66 2.16 2.19 2.27 2.25 2.10
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
56
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 2 Fiscal Year
2008/09 Fiscal Year
2009/10 Fiscal Year
2010/11 Fiscal Year
2011/12 Fiscal Year
2012/13 Fiscal Year
2013/14 Fiscal Year
2014/15 Fiscal Year
2015/16 Fiscal Year
2016/17 Fiscal Year 2017/18 REVENUE SOURCES
A.V. Tax 5,463 5,204 4,909 5,084 6,043 5,094 5,171 5,248 5,326 5,403 Service Charge 25,442 28,556 31,563 31,134 32,441 32,360 33,226 34,094 34,961 35,828 Industrial Waste 7,661 7,799 8,303 7,199 7,234 7,379 7,452 7,527 7,602 7,678 Contract 1,879 1,772 5,118 2,683 1,992 1,949 2,296 2,387 2,483 2,582 Interest 3,471 2,033 1,795 1,220 829 726 691 656 661 693 Rate Stabilization Fund 0 2,398 0 0 0 0 0 0 0 0 Miscellaneous 350 448 420 368 141 397 397 397 397 397 Subtotal 44,266 48,210 52,108 47,688 48,680 47,905 49,232 50,309 51,429 52,581
Connection Fees 251 238 233 231 231 119 119 119 119 119 Revenue for Sr Debt 44,517 48,448 52,341 47,919 48,911 48,023 49,351 50,427 51,429 52,700
Connection Fees 2,156 2,289 2,063 1,996 1,363 119 119 119 119 119 Revenue for Sub Debt 46,422 50,499 54,171 49,684 50,043 48,023 49,351 50,427 51,429 52,700
EXPENSES
Total O&M 33,251 31,784 32,052 32,538 32,288 34,766 36,174 37,402 38,616 39,735 Rate Stabilization Fund 1,743 0 5,999 2,471 0 0 0 0 0 0 Total Expenses 34,994 31,784 38,051 35,009 32,288 34,766 36,174 37,402 38,616 39,735
DEBT SERVICE Senior AV
Bonds 3,485 3,483 3,472 3,411 3,386 3,383 3,356 3,355 3,352 3,356 State Loans 511 511 515 511 514 0 0 0 0 0 Senior Revenue
State Loans 2,447 2,445 2,473 2,496 2,392 2,409 2,409 2,226 2,226 2,226 Total Senior Debt Service 6,443 6,439 6,460 6,418 6,292 5,792 5,765 5,581 5,578 5,582
Subordinate Revenue
Bonds
State Loans 394 417 380 435 564 568 568 568 690 1,194 Total Debt Service 6,837 6,856 6,840 6,853 6,856 6,360 6,333 6,148 6,268 6,775 SENIOR DEBT COVERAGE 1.42 2.52 2.15 1.94 2.55 2.19 2.19 2.23 2.19 2.11 SUBORDINATE DEBT COVERAGE 1.67 2.73 2.36 2.14 2.59 2.08 2.08 2.12 2.06 1.91
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
57
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 3 Fiscal Year
2008/09 Fiscal Year
2009/10 Fiscal Year
2010/11 Fiscal Year
2011/12 Fiscal Year
2012/13 Fiscal Year
2013/14 Fiscal Year
2014/15 Fiscal Year
2015/16 Fiscal Year
2016/17 Fiscal Year 2017/18 REVENUE SOURCES
A.V. Tax 4,260 4,055 3,612 3,928 4,873 3,931 3,990 4,050 4,109 4,169 Service Charge 21,376 24,165 26,778 26,737 27,291 27,110 27,464 27,819 28,174 28,528 Industrial Waste 3,412 3,286 3,824 3,972 4,268 3,897 3,936 3,975 4,015 4,055 Contract 1,410 1,342 3,901 2,076 1,706 1,495 1,760 1,831 1,904 1,980 Interest 2,119 1,220 1,082 732 454 468 465 450 462 487 Rate Stabilization Fund 1,095 438 0 0 0 0 0 0 0 0
Miscellaneous 269 345 327 285 108 307 307 307 307 307 Subtotal 33,941 34,851 39,524 37,730 38,701 37,207 37,922 38,431 38,970 39,526
Connection Fees 188 180 179 179 179 69 69 69 69 69 Revenue for Sr Debt 34,129 35,031 39,703 37,909 38,880 37,276 37,991 38,500 39,039 39,595
Connection Fees 1,642 2,107 1,444 1,473 928 69 69 69 69 69 Revenue for Sub Debt 35,583 36,958 40,968 39,203 39,629 37,276 37,991 38,500 39,039 39,595
EXPENSES
Total O&M 23,988 23,026 23,651 23,987 23,604 25,810 26,692 27,596 28,498 29,458 Rate Stabilization Fund 0 0 5,366 3,418 0 0 0 0 0 0 Total Expenses 23,988 23,026 29,017 27,405 23,604 25,810 26,692 27,596 28,498 29,458
DEBT SERVICE
Senior AV
Bonds 2,647 2,646 2,638 2,591 2,572 2,570 2,550 2,548 2,546 2,549 State Loans 395 395 398 396 394 0 0 0 0 0
Senior Revenue
State Loans 1,827 1,843 1,909 1,921 1,832 1,847 1,847 1,707 1,707 1,707 Total Senior Debt Service 4,869 4,884 4,945 4,908 4,798 4,417 4,397 4,255 4,253 4,256
Subordinate Revenue
Bonds
State Loans 298 316 293 337 432 436 436 436 529 916 Total Debt Service 5,167 5,200 5,238 5,245 5,230 4,853 4,833 4,691 4,782 5,171
SENIOR DEBT COVERAGE 2.02 2.39 2.10 2.07 3.09 2.50 2.47 2.46 2.35 2.17 SUBORDINATE DEBT
COVERAGE 2.24 2.68 2.28 2.25 3.06 2.36 2.34 2.32 2.20 1.96
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
58
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 4 Fiscal Year
2008/09 Fiscal Year
2009/10 Fiscal Year
2010/11 Fiscal Year
2011/12 Fiscal Year
2012/13 Fiscal Year
2013/14 Fiscal Year
2014/15 Fiscal Year
2015/16 Fiscal Year
2016/17 Fiscal Year 2017/18 REVENUE SOURCES
A.V. Tax 412 424 398 405 431 440 446 453 460 466 Service Charge 3,354 3,515 3,555 3,512 3,683 3,575 3,575 3,576 3,577 3,578 Industrial Waste 35 65 43 43 60 43 43 43 43 43
Contract 1 1 3 1 10 10 10 11 11 12
Interest 826 510 495 360 310 269 274 275 276 279 Rate Stabilization Fund 0 0 0 0 0 0 0 0 0 0
Miscellaneous 0 0 0 0 0 0 0 0 0 0
Subtotal 4,628 4,515 4,494 4,321 4,494 4,336 4,349 4,358 4,367 4,378
Connection Fees 0 0 0 0 0 9 9 9 9 9
Revenue for Sr Debt 4,628 4,515 4,494 4,321 4,494 4,345 4,358 4,366 4,375 4,386 Connection Fees 92 52 44 455 49 9 9 9 9 9 Revenue for Sub Debt 4,720 4,567 4,538 4,776 4,543 4,345 4,358 4,366 4,375 4,386
EXPENSES
Total O&M 1,545 951 1,371 1,338 1,627 1,865 1,946 2,022 2,089 2,156 Rate Stabilization Fund 2,042 1,700 1,450 1,678 0 0 0 0 0 0 Total Expenses 3,587 2,651 2,821 3,016 1,627 1,865 1,946 2,022 2,089 2,156
DEBT SERVICE Senior AV
Bonds 337 336 336 329 327 327 324 324 324 324 State Loans
Senior Revenue State Loans
Total Senior Debt Service 337 336 336 329 327 327 324 324 324 324
Subordinate Revenue
Bonds State Loans
Total Debt Service 337 336 336 329 327 327 324 324 324 324
SENIOR DEBT COVERAGE 3.09 5.55 4.98 3.97 8.77 7.58 7.44 7.24 7.06 6.88 SUBORDINATE DEBT
COVERAGE
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
59
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 5 Fiscal Year
2008/09 Fiscal Year
2009/10 Fiscal Year
2010/11 Fiscal Year
2011/12 Fiscal Year
2012/13 Fiscal Year
2013/14 Fiscal Year
2014/15 Fiscal Year
2015/16 Fiscal Year
2016/17 Fiscal Year 2017/18 REVENUE SOURCES
A.V. Tax 9,269 9,292 8,882 8,906 9,674 9,361 9,502 9,644 9,787 9,929 Service Charge 28,118 31,580 34,776 33,105 35,636 35,639 37,216 38,795 40,373 41,953 Industrial Waste 4,534 5,710 7,620 7,971 8,173 7,819 7,897 7,976 8,056 8,136 Contract 2,103 1,994 5,806 3,126 2,144 2,274 2,678 2,785 2,896 3,012 Interest 4,412 2,371 2,018 1,335 862 736 690 625 611 640 Rate Stabilization Fund 0 0 0 0 0 0 0 0 0 0 Miscellaneous 393 505 478 431 166 452 452 452 452 452 Subtotal 48,829 51,452 59,580 54,874 56,655 56,281 58,435 60,277 62,175 64,122
Connection Fees 279 266 265 267 267 180 180 180 180 180 Revenue for Sr Debt 49,108 51,718 59,845 55,141 56,922 56,461 58,615 60,456 62,355 64,302
Connection Fees 2,423 2,647 2,209 2,405 1,569 180 180 180 180 180 Revenue for Sub Debt 51,252 54,099 61,789 57,279 58,224 56,461 58,615 60,456 62,355 64,302
EXPENSES
Total O&M 37,345 35,419 36,475 37,903 38,185 41,709 43,020 44,477 45,926 47,348 Rate Stabilization Fund 550 5,050 11,869 398 0 0 0 0 0 0 Total Expenses 37,895 40,469 48,344 38,301 38,185 41,709 43,020 44,477 45,926 47,348
DEBT SERVICE Senior AV
Bonds 5,696 5,693 5,677 5,576 5,535 5,531 5,486 5,484 5,479 5,486 State Loans 592 592 587 592 605 0 0 0 0 0 Senior Revenue
State Loans 2,703 2,714 2,817 2,874 2,817 2,807 2,807 2,593 2,593 2,593 Total Senior Debt Service 8,991 8,999 9,081 9,042 8,957 8,338 8,293 8,077 8,072 8,079
Subordinate Revenue
Bonds
State Loans 441 467 433 503 664 662 662 662 804 1,391 Total Debt Service 9,432 9,466 9,514 9,545 9,621 8,999 8,955 8,739 8,876 9,469 SENIOR DEBT COVERAGE 1.20 1.20 1.22 1.81 2.02 1.69 1.80 1.90 1.94 1.93 SUBORDINATE DEBT
COVERAGE 1.42 1.44 1.41 1.99 2.08 1.64 1.74 1.83 1.85 1.79
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
60
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 8 Fiscal Year
2008/09 Fiscal Year
2009/10 Fiscal Year
2010/11 Fiscal Year
2011/12 Fiscal Year
2012/13 Fiscal Year
2013/14 Fiscal Year
2014/15 Fiscal Year
2015/16 Fiscal Year
2016/17 Fiscal Year 2017/18 REVENUE SOURCES
A.V. Tax 1,827 1,764 1,706 1,735 1,767 1,690 1,716 1,741 1,767 1,793 Service Charge 6,265 7,176 8,136 7,700 8,555 8,570 9,158 9,746 10,336 10,926 Industrial Waste 9,035 9,559 10,137 9,653 8,406 8,574 8,660 8,746 8,834 8,922 Contract 816 766 2,240 1,148 835 782 920 957 995 1,035 Interest 1,355 780 672 450 289 269 256 244 247 260 Rate Stabilization Fund 2,916 1,551 0 0 0 0 0 0 0 0 Miscellaneous 150 194 182 160 59 172 172 172 172 172 Subtotal 22,364 21,790 23,073 20,846 19,912 20,056 20,881 21,606 22,351 23,107
Connection Fees 110 103 102 99 99 149 149 149 149 149 Revenue for Sr Debt 22,474 21,893 23,175 20,945 20,011 20,205 21,030 21,756 22,500 23,257
Connection Fees 1,738 1,223 1,045 905 770 149 149 149 149 149 Revenue for Sub Debt 24,102 23,103 24,118 21,751 20,682 20,205 21,030 21,756 22,500 23,257
EXPENSES
Total O&M 15,582 15,160 15,760 15,369 14,974 16,618 16,604 17,181 17,738 18,285 Rate Stabilization Fund 0 0 977 766 0 0 0 0 0 0 Total Expenses 15,852 15,160 16,737 16,135 14,974 16,618 16,604 17,181 17,738 18,285
DEBT SERVICE
Senior AV
Bonds 1,377 1,376 1,372 1,348 1,338 1,336 1,326 1,325 1,324 1,326 State Loans 218 218 226 219 213 0 0 0 0 0
Senior Revenue
State Loans 1,062 1,059 1,082 1,061 993 964 964 891 891 891 Total Senior Debt Service 2,657 2,653 2,680 2,628 2,544 2,300 2,290 2,216 2,215 2,217
Subordinate Revenue
Bonds
State Loans 169 180 166 186 234 227 227 227 276 478 Total Debt Service 2,826 2,833 2,846 2,814 2,778 2,527 2,517 2,443 2,491 2,694 SENIOR DEBT COVERAGE 2.43 2.47 2.34 1.76 1.89 1.46 1.83 1.96 2.03 2.03 SUBORDINATE DEBT COVERAGE 2.92 2.77 2.59 2.00 2.05 1.42 1.76 1.87 1.91 1.85
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
61
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 9 Fiscal Year
2008/09 Fiscal Year
2009/10 Fiscal Year
2010/11 Fiscal Year
2011/12 Fiscal Year
2012/13 Fiscal Year
2013/14 Fiscal Year
2014/15 Fiscal Year
2015/16 Fiscal Year
2016/17 Fiscal Year 2017/18 REVENUE SOURCES
A.V. Tax 84 82 77 78 82 83 84 85 87 88
Service Charge 70 76 98 82 102 95 95 95 95 95
Industrial Waste 0 0 0 0 0 0 0 0 0 0
Contract 1 1 3 1 0 0 0 0 0 0
Interest 114 46 41 30 23 38 35 35 35 35
Rate Stabilization Fund 0 0 0 0 0 0 0 0 0 0
Miscellaneous 0 0 0 0 0 0 0 0 0 0
Subtotal 269 205 219 191 207 216 214 215 216 218
Connection Fees 0 0 0 0 0 0 0 0 0 0
Revenue for Sr Debt 269 205 219 191 207 216 214 215 216 218
Connection Fees 0 0 1 0 0 0 0 0 0 0
Revenue for Sub Debt 269 205 220 191 207 216 214 215 216 218
EXPENSES
Total O&M 75 90 84 96 100 120 125 129 134 139 Rate Stabilization Fund 136 58 77 40 0 0 0 0 0 0
Total Expenses 211 148 161 136 100 120 125 129 134 139
DEBT SERVICE Senior AV
Bonds 47 47 47 46 46 46 46 46 46 46
State Loans Senior Revenue
State Loans
Total Senior Debt Service 47 47 47 46 46 46 46 46 46 46
Subordinate Revenue
Bonds State Loans
Total Debt Service 47 47 47 46 46 46 46 46 46 46
SENIOR DEBT COVERAGE 1.23 1.21 1.23 1.22 2.34 2.09 1.93 1.87 1.79 1.72 SUBORDINATE DEBT
COVERAGE
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
62
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA* ($000)
Historical Operating Data Projected Operating Data
DISTRICT NO. 14 Fiscal Year 2008/09 Service Charge 16,584 20,209 23,853 23,466 29,726 30,970 32,552 32,888 33,224 33,560 Industrial Waste 1,381 1,734 2,166 1,724 1,842 1,896 1,915 1,935 1,954 1,973 Contract 369 376 1,458 1,013 324 1,285 1,304 1,323 1,343 1,364 Interest 4,851 1,694 1,019 471 237 257 268 287 323 359 Rate Stabilization Fund 0 0 5,800 1,380 0 0 0 0 0 0 Miscellaneous 272 197 118 127 0 179 179 179 179 179 Subtotal 25,188 26,938 35,275 29,092 32,838 35,454 37,098 37,505 37,929 38,355
Connection Fees 4,635 4,661 5,320 5,320 879 93 93 93 93 93 Revenue for Sr Debt 29,823 31,599 40,595 34,412 33,717 35,547 37,191 37,598 38,022 38,447
Connection Fees 2,067 1,857 959 710 879 93 93 93 93 93 Revenue for Sub Debt 27,255 28,795 36,234 29,802 33,717 35,547 37,191 37,598 38,022 38,447
EXPENSES
Total O&M 8,558 8,728 9,084 9,420 10,348 13,638 13,975 14,495 15,095 15,502 Rate Stabilization Fund 5,950 7,300 0 0 0 0 0 0 0 0 Total Expenses 14,508 16,028 9,084 9,420 10,348 13,638 13,975 14,495 15,095 15,502
DEBT SERVICE
Bonds 9,180 9,179 11,115 11,115 11,113 11,110 11,114 11,111 11,114 11,112 State Loans 1,899 1,937 1,937 1,937 6,856 7,319 7,316 7,315 7,315 7,316 Total Debt Service 11,557 11,594 13,528 13,520 18,433 18,429 18,430 18,426 18,429 18,428 SENIOR DEBT COVERAGE 8.86 9.32 38.78 25.51 11.64 7.50 10.40 10.17 9.80 9.82 SUBORDINATE DEBT
COVERAGE 1.10 1.10 2.01 1.51 1.27 1.19 1.26 1.25 1.24 1.25
* See “Financial Data” for significant assumptions utilized in the preparation of projected operating results.
63
Table 13 (continued)
PARTICIPATING DISTRICTS HISTORICAL AND PROJECTED OPERATING DATA