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Fiscal Year
<br />2004 2005 2006 2007 2008
<br />$ 29,209,646 $ 33,624,264 $ 38,434,834 $ 43,306,238 $ 68,652,672
<br />2,474,766 20,027,702 19,572,702 20,073,569 19,046,615
<br />$ 26,734,880 $ 13,596,562 $ 18,862,132 $ 23,232,669 $ 49,606,057
<br />Taxable Market value
<br />8.47% 59.56% 50.92% 46.35% 27.74%
<br />Legal Debt Margin Calculation for Fiscal Year 2008
<br />Debt limit (3%* of market value) 68,652,672
<br />Debt applicable to limit:
<br />Total bonded debt $ 29,355,000
<br />Less:
<br />Obligations issued with special assessments (4,010,000)
<br />Obligations issued with tax increments (3,945,000)
<br />Amounts available in respective Debt Service Funds (2,353,385)
<br />Total deductions (10,308,385)
<br />Legal debt margin $ 49,606,057
<br />$ 2,288,422,400
<br />19,046,615
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