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Fiscal Year
<br />2002 2003 2004 2005 2006
<br />$ 22, 434,408 $ 25, 767, 906 $ 29,209, 646 $ 33, 624, 264 $ 38,434, 834
<br />1,592,213 2,147, 668 2,474, 766 20, 027, 702 19, 572, 702
<br />$ 20, 842, 195 $ 23,620, 238 $ 26,734;880 $ 13, 596, 562 $ 18, 862,1 32
<br />7.10% 8.33% 8.47% 59.56% 50.92%
<br />Legal Debt Margin Calculation for Fiscal Year 2006
<br />Market value $ 1,921,741,700
<br />Debt limit (2% of market value) 38,434,834
<br />Debt applicable to limit:
<br />Total bonded debt $ 32,252,000
<br />Less:
<br />Obligations issued with special assessments (4,335,000)
<br />Obligations issued with tax increments (6,170,000)
<br />Amounts available in respective Debt Service Funds (2,174,298)
<br />Total deductions (12,679,298)
<br />Total net debt applicable to limit
<br />Legal debt margin $ 18,862,132
<br />19, 572, 702
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