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DEBT RATIOS <br />Debt/Estimated <br />Full Value of <br />Debt/442 <br />Taxable Property <br />Estimated <br />G.O. Debt <br />($110,781,835) <br />Population <br />Direct G.O. Debt Being Paid From: <br />Taxes <br />$ 850,000 <br />Special Assessments <br />781,587 <br />Total General Obligation Debt <br />$1,631,587 <br />Less: Funds on Hand' <br />(165,579) <br />Net General Obligation Debt <br />$1,466,008 <br />1.32% <br />$3,316.76 <br />City's Share of Total Overlapping Debt <br />$1,319,286 <br />1.19% <br />$2,984.81 <br />DEBT PAYMENT HISTORY <br />The City has never defaulted in the payment of principal and interest on its debt. <br />FUTURE FINANCING <br />The City reports no plans for additional financing in the next three months. <br />' Funds on hand for debt redemption (available for payment of principal and interest) have been deducted from <br />total general obligation debt to determine net general obligation debt. <br />15 <br />