This worksheet is provided as guidance in determining the percentage of grant

funding allowable. Other methods of determining the financial burden ratio can
be used if justified by the project sponsor. The items in parentheses shown below
refer to the line items in the Capital Financing Plan.

Financial Burden Calculation

for the City of New Hope

Medium
Household Financial Burden
Income Ratio Criteria Grant Funding %
< 27,483.00 >= 1% 65%
>= 21,986.40 >= 1% 65%
< 21,986.39 < 0.50% 65%
< 21,986.39 >= 0.50% 85%
Equivalent
Dwelling
To determine the financial burden ratio and the grant funding User Charge Unit
percentage fill-in the cells highlighted in blue. Method Method

Actual MHI (A2)= 0 0

Equivalent Dwelling Units 0

Actual Annual User Charge (K1.e.*12)= 0

Projected Debt Service Component of the Annual Expenses
(Debt service of all existing and planned projects after
construction completion) (Line item G4 if water utility alone is
providing the dedicated revenues otherwise line item I Debt
Service)= 0 0

Projected Operating Revenue (after construction completion)

(line item H Total if water utility alone is providing the dedicated
revenues otherwise line item J Total)= 0

Financial Burden Ratio =

[(Debt Service/Operating Revenue)*User Charge]/MHI #DIV/0!

[(Debt Service/Equivalent Dwelling Units)/Actual MHI] #DIV/0!

Actual Grant Funding % = #DIV/0! #DIV/0!

Y:\library\FP - Financial Burden Calculation.xls