Annual_Report_1997_001 - Laserfiche WebLink

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Net Direct Debt Net Overlapping Debt Total 1997 Total 1996 :u� . . .. � . � : ::: : Percent of Tax apacitv 102.9% I 14.6% 7 0 4 0 Percent of M�rket V�lue 2.0% a. % 4.2% 7 0 Debt Per anita $ 1,041.43 �1�.1�$.�� $220009 � Net direct debt is based on Roseville's outstanding indebtedness, less cash and investments on hand. Net overlapping debt is Roseville's pro-rata share of bonded indebcedness for the county, school districts, and other governmental agencies Chat levy taxes within the City. Under sYate law, the City's 1997 debt limiC is $35,811,168 of which the City has 100% available margin. Ail debt that the City has issued is outside of the computation and does not apply to the limitation. The City's bond ratings on December 31, 1997, are as followr. Moody's Standard Investor & Services Poor's City's Bonds Aa3 AA- Public Improvement bonds in the amo�nt of $2,750,000 were issued in 1997. The City retired $3,195,000 of bonds, leaving an outstanding indebtedness on December 31, 1997 of $43,225,000. Following is a tabulation of bonds issued since 7anuary 1, 1992 and still outstanding. j)�te nf iccue 3-21-97 S-IS-96 5-15-95 5-15-95 2-10-94 2-10-94 2-11-93 2-I1-93 2-01-92 2-O 1-92 Issued Amount $ 2,750,000 2,100,000 6,500,000 2,500,000 8,640,000 2,900>000 2,3�0,000 1,975,000 20,035,000 2,200,000 Average Life In Years 8.86 8.68 8.88 8.86 6.34 8.88 8.93 5.63 9.14 9.05 15 Net Intere�t Rate 4.97% 5.13% 5.34% 5.34% 4.21 %a 4.54% 5.16% 4.50% 5.86% 5.94 %a Interest Cost Per BorrowPd Doilar $0.43 .44 47 47 26 24 .52 .52