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Figure 2-7: Proposed Debt Service Coverage <br />45.00 Debt Coverage <br />40.00 39.06 <br />35.00 <br />30.00 <br />25.00 <br />20.00 <br />15.00 <br />10.00 <br />6.20 <br />5.00 2.30 <br />0.00 <br />FY 2024 FY 2025 FY 2026 <br />Debt Coverage Target Coverage <br />Figure 2-8 shows the projected combined fund balances with the proposed adjustments in Table 2-19 ap lied overa3-year period. The City's water fund expected to meet its reserve target by FY 2026. <br />p <br />Figure 2-8: Proposed Ending Fund Balances <br />Fund Balances - Total Funds <br />16 <br />o $14 <br />13.4 <br />12 <br />10 <br />8.4 <br />8 7.9 <br />6 <br />4 <br />2 <br />0 <br />FY 2024 FY 2025 FY 2026 <br />rn Ending Balances —Reserve Target <br />WATER AND RECYCLED WATER RATE STUDY REPORT 31