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2003 2004
<br />2005 2006 2007
<br />2008
<br />$ 59,084,800 $ 64,941,138
<br />$ 71,034,242 $ 78,363,984 $ 84,512,230
<br />$
<br />135,671,256
<br />9,700,000 9,700,000
<br />9,535,000 9,000,000 8,455,000
<br />10,440,000
<br />$ 49,384,800 $ 55,241,138
<br />$ 61499,242 $ 69,363,984 $ 76,057,230
<br />$
<br />125,231,256
<br />16.42% 14.94%
<br />13.42% 11.48% 10.00%
<br />7.70%
<br />Legal Debt Margin Calculation for Fiscal Year 2008
<br />Estimated Market Value
<br />$
<br />4,522,375,200
<br />Debt Limit (3% of total estimated market value)
<br />$
<br />135,671,256
<br />Debt applicable to limit:
<br />Total Bonded Debt
<br />12,570,000
<br />Less:
<br />Special Assessment Bonds
<br />2,130,000
<br />Total net debt applicable to limit
<br />$
<br />10,440,000
<br />Legal Debt Margin
<br />$
<br />125,231,256
<br />125
<br />
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