|
2010
<br />2011
<br />2012 2013
<br />2014
<br />2015
<br />$ 64,126,188
<br />$ 61,599,050
<br />$ 58,316,472 $ 52,752,858
<br />$ 53,892,054
<br />$
<br />57,026,844
<br />18,040,733
<br />17,120,000
<br />23,286,667 32,141,667
<br />30,071,667
<br />19,301,667
<br />1,164,060
<br />1,030,418
<br />1,202,093 10,819,006
<br />10,743,409
<br />10,673,852
<br />16,876,673
<br />16,089,582
<br />22,084,574 21,322,661
<br />19,328,258
<br />8,627,815
<br />$ 47,249,515
<br />$ 45,509,468
<br />$ 36,231,898 $ 31,430,197
<br />$ 34,563,796
<br />$
<br />48,399,029
<br />26.32%
<br />26.12%
<br />37.87% 40.42%
<br />35.86%
<br />15.13%
<br />Legal Debt Margin Calculation for Fiscal Year 2015
<br />Estimated taxable market value
<br />$ 1,900,894,800
<br />Debt limit (3% of market value)
<br />$
<br />57,026,844
<br />Debt applicable to limit
<br />G.O. capital improvement bonds
<br />12,635,000
<br />G.O. EDA bonds'
<br />6,666,667
<br />Less: Cash and investments in related
<br />debt service funds
<br />(10,673,852)
<br />Total net debt applicable to limit
<br />8,627,815
<br />Legal debt margin
<br />$
<br />48,399,029
<br />-153-
<br />
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