Page 523 - Bedford-FY23-24 Budget

• Goals for Combined Utility (Water/Wastewater):

̶ Overall Revenue Sufficiency

̶ Meet target financial policies

• Current Financial Best Practice:

FINANCIAL ̶ Debt Service Coverage (DSC): 1.25x
• Includes operating transfers

OBJECTIVES • DSC is a reflection of a utility’s ability to pay its debt

• Current Fiscal Policy:

̶ Days Cash on Hand: 90 Days

• Pass-Through Increases in Wholesale Cost

̶ Key driver of future needed rate adjustments

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