Financial Position
The Public Service Board is committed to supplying quality water and wastewater services to the El Paso region at affordable rates. To this extent the El Paso Water Utilities has developed a Fifty year Water Resources Management Plan, a Ten year Capital Improvement Plan and a Five Year Financial Plan in order to meet these goals. In addition, the PSB adopted a strategic plan in 1999 to guide the Board and EPWU staff to achieve the necessary goals and objectives required to be the quality provider of water and wastewater services to this community. Financial planning is integral in meeting these goals and objectives.
Key Financial Indicators
The PSB's financial position remains strong as evidenced by key financial indicators and ratios in the following table. In addition, El Paso's water and wastewater rates remain very competitive among other cities of similar size and those situated in the Southwest.
| For Year: |
99-00 |
00-01 |
01-02 |
02-03 |
03-04 |
04-05 |
05-06 |
06-07 |
07-08 |
| Performance Measures: |
| Current Assets/Current Liabilities |
3.01 |
3.38 |
3.14 |
2.88 |
2.98 |
1.76 |
3.05 |
2.02 |
1.65 |
| Restricted Assets/Restricted Liabilities |
2.67 |
2.77 |
4.20 |
3.36 |
4.03 |
2.83 |
3.46 |
2.10 |
1.74 |
| Debt Service Coverage |
2.98 |
2.85 |
1.86 |
1.51 |
1.77 |
1.59 |
2.34 |
1.67 |
1.61 |
| Total Liabilities to Total Assets |
0.32 |
0.33 |
0.40 |
.40 |
.45 |
.44 |
.46 |
.45 |
.46 |
| Bond Ratings: |
| Fitch |
- |
- |
- |
- |
- |
AA |
AA |
AA |
AA |
| Moody's |
Aa3 |
Aa3 |
Aa3 |
Aa3 |
Aa3 |
- |
- |
- |
- |
| Standard & Poors |
AA |
AA |
AA |
AA |
AA |
AA |
AA |
AA |
AA |
| Commercial Paper: |
| Moody's |
P1 |
P1 |
P1 |
P1 |
P1 |
- |
- |
- |
- |
| Standard & Poors |
A1+ |
A1+ |
A1+ |
A1+ |
A1+ |
A1+ |
A1+ |
A1+ |
A1+ |
|
