2019 Comprehensive Annual Financial Report (CAFR)

Table XV Page 2 of 2

Legal Debt Margin Calculation for Fiscal Year 2019

Assessed Value

$ 27,942,839,631

Debt Limit (8 % of assessed value) Debt Applicable to Limit: Bonds Authorized and Unissued

2,235,427,170 (a)

89,074,302 284,005,000 73,070,142

General Obligation Bonds Other Long Term Debt

Less: Amount Set Aside For Repayment

of General Obligation and Other Debt Statutory Deductions: Water Utility Total Net Debt Applicable to Limit

(33,702,761)

-

412,446,683 1,822,980,487

Legal Debt Margin

$

2014

2015

2016

2017

2018

2019

$

2,033,846,894 389,836,178

$

2,021,818,460 371,141,667

$

2,053,642,678 339,424,148

$

2,086,065,404 481,893,974

$

2,200,500,690 457,378,275

$

2,235,427,170 412,446,683

$

1,644,010,716

$

1,650,676,793

$

1,714,218,530

$

1,604,171,430

$

1,743,122,415

$

1,822,980,487

80.83%

81.64%

83.47%

76.90%

79.21%

81.55%

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