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2004-03-10 CC Meeting
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2004-03-10 CC Meeting
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<br />SUMMARY OF DEBT AND DEBT STATISTICS <br /> <br />General Obligation Debt <br /> <br />Bonds secured primarily by water revenues <br />Bonds secured primarily by sewer and water revenues <br />Bonds secured primarily by special assessments (includes this issue) <br /> <br />Total General Obligation Direct Debt <br /> <br />$ 190,000 <br />400,000 <br />3,5] 0,000 <br /> <br />$ 4,100,000 <br /> <br />Less debt service funds <br /> <br />( 2,638,929) <br />$ 1,461,07] <br />11.354.343 <br /> <br />Net Direct General Obligation Debt <br /> <br />Add City's share of net indirect debt <br /> <br />Total Net Direct and Indirect Debt <br /> <br />$12,815414 <br /> <br />Facts for Ratio Computations <br /> <br />2002/2003 Indicated Market Value (real and personal property) <br />2002/2003 Net Tax Capacity (real and personal property, after <br />tax increment and fiscal disparity adjustments) <br />Population (2002 Estimate) <br /> <br />$261,978,427 <br /> <br />$2,437,574 <br />3,430 <br /> <br />Debt Ratios <br /> Net Direct <br /> Net Net and <br /> Direct Direct Indirect Indirect <br /> Debt Debt Debt Debt <br />To Indicated Market Value 1.57% 0.56% 4.33% 4.89% <br />Per Capita $1,195 $426 $3,310 $3,736 <br />Per Capita Adjusted! $1,059 $377 $2,934 $3,311 <br /> <br />I The City's tax base is 11.39% commercial & industrial, which has been deducted. <br />- 27- <br />
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