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City of Pleasanton <br />Sewer Rate Study Report <br /> <br />Water Resources Economics <br />40 <br />Figure 2-2: Projected O&M and Replacement Fund Balances (Proposed) <br /> <br />Figure 2-3 shows the projected debt coverage under the proposed scenario. In this scenario, the <br />City will meet its debt coverage requirements in all years for proposed debt issuances starting in <br />FY 2028. <br /> <br />Figure 2-3: Projected Debt Coverage (Proposed) <br /> <br />Page 192 of 923