|
<br /> Fiscal Year
<br /> 2004 2005 2006 2007 2008 2009
<br />$ 29,209,646 $ 33,624,264 $ 38,434,834 $ 43,306,238 $ 68,652,672 $ 71,088,672
<br /> 2,474,766 20,027,702 19,572,702 20,073,569 19,046,615 17,825,537
<br />$ 26,734,880 $ 13,596,562 $ 18,862,132 $ 23,232,669 $ 49,606,057 $ 53,263,135
<br /> 8.47% 59.56% 50,92% 46.35% 27,74% 25.08%
<br />
<br />Legal Debt Margin Calculation for Fiscal Year 2009
<br />
<br />Taxable Market value
<br />
<br />$ 2,369,622,400
<br />
<br />Debt limit (3%* of market value)
<br />
<br />71,088,672
<br />
<br />Debt applicable to limit:
<br />Total bonded debt $ 27,265,000
<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 />(5,180,000)
<br />(1,915,000)
<br />(2,344,463)
<br />(9,439,463)
<br />
<br />17,825,537
<br />
<br />Legal debt margin
<br />
<br />$
<br />
<br />53,263,135
<br />
<br />- 105 -
<br />
|