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Fiscal Year
<br />2004
<br />2005
<br />2006 2007 2008
<br />2009
<br />$ 64,941,138
<br />$ 71,034,242
<br />$ 78,363,984 $ 84,512,230 $ 135,671,256
<br />$
<br />133,654,878
<br />9,700,000
<br />9,535,000
<br />9,000,000 8,455,000 10,440,000
<br />11,015,000
<br />$ 55,241,138
<br />$ 61,499,242
<br />$ 69,363,984 $ 76,057,230 $ 125,231,256
<br />$
<br />122,639,878
<br />14.94%
<br />13.42%
<br />11.48% 10.00% 7.70%
<br />8.24%
<br />Legal Debt Margin Calculation for Fiscal Year 2009
<br />Estimated Market Value
<br />$
<br />4455,162,600
<br />Debt Limit (3% of total estimated market value)
<br />$
<br />133,654,878
<br />Debt applicable to limit:
<br />Total Bonded Debt
<br />12,765,000
<br />Less:
<br />Special Assessment Bonds
<br />1,750,000
<br />Total net debt applicable to limit
<br />$
<br />11,015,000
<br />Legal Debt Margin
<br />$
<br />122,639,878
<br />123
<br />
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