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<br /> Fiscal Year
<br /> 2003 2004 2005 2006 2007
<br />$ 25,767,906 $ 29,209,646 $ 33,624,264 $ 38,434,834 $ 43,306,238
<br /> 2,147,668 2,474,766 20,027,702 19,572,702 20,073,569
<br />$ 23,620,238 $ 26,734,880 $ 13,596,562 $ 18,862,132 $ 23,232,669
<br /> 8.33% 8.47% 59.56% 50.92% 46.35%
<br />
<br />Legal Debt Margin Calculation for Fiscal Year 2007
<br />
<br />Taxable Market value
<br />
<br />$ 2,165,311,900
<br />
<br />Debt limit (2% of market value)
<br />
<br />43,306,238
<br />
<br />Debt applicable to limit:
<br />Total bonded debt $ 31,365,000
<br />Less:
<br />Obligations issued with special assessments
<br />Obligations issued with tax increments
<br />Amounts available in respective Debt Service Funds
<br />Total deductions
<br />
<br />(4,175,000)
<br />(5,115,000)
<br />(2,001,431 )
<br />(11,291,431 )
<br />
<br />20,073,569
<br />
<br />Legal debt margin
<br />
<br />$
<br />
<br />23,232,669
<br />
<br />- 98-
<br />
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