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Fiscal Year
<br />2005 2006 2007 2008 2009 2010
<br />$ 33,624,264 $ 38,434,834 $ 43,306,238 $ 68,652,672 $ 71,088,672 $ 65,717,394
<br />20,027,702 19,572,702 20,073,569 19,046,615 17,825,537 16,465,049
<br />$ 13,596,562 $ 18,862,132 $ 23,232,669 $ 49,606,057 $ 53,263,135 $ 49,252,345
<br />59.56% 50.92%
<br />46.35% 27.74%
<br />Legal Debt Margin Calculation for Fiscal Year 2010
<br />25.08% 25.05%
<br />Taxable Market value $ 2,190,579,800
<br />Debt limit (3 %* of market value) 65,717,394
<br />Debt applicable to limit:
<br />Total bonded debt
<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 />$ 25,030,000
<br />(4,865,000)
<br />(1,175,000)
<br />(2,524,951)
<br />(8,564,951)
<br />16,465,049
<br />Legal debt margin $ 49,252,345
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