Board of Trustees meeting Agenda | July 2019

Taken as whole, the CWU System has promised its bondholders that we will maintain a minimum debt- service coverage ratio of 1.0. The chart below illustrates the expected System debt service coverage ratio for the next six years.

Debt Service Ratio - SYSTEM

0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00

1.78

1.54

1.47

1.38

1.32

1.25

1.23

Dugmore Hall

FY19 FY20 FY21 FY22 FY23 FY24 FY25

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