2022 Annual Comprehensive Financial Report

Table XIV Page 1 of 2

-20 6 Ratio of Net General Obligation Bonded Debt To Assessed Value and Net General Obligation Debt Per Capita Fiscal Years Ended June 30, 2013-2022 Less Amount Fiscal General Obligation Available in Year Bonds/Notes Debt Service Ended Debt (d) Fund 2013 173,760,300 $ $ 2014 171,399,682 2015 168,839,802 2016 173,007,017 2017 198,400,449 2018 214,067,836 2019 302,656,417 2020 328,280,441 2021 301,255,487 2022 273,171,634 (a) Assessed valuation represents one hundred percent (100%) of estimated market value. Debt Outstanding General Bonded 4,666,951 4,902,876 7,779,124 10,694,605 16,112,579 22,943,898 25,097,927 16,804,338 5,976,583 1,160,457

Less Debt

Total

Payable from

Net

Water Resources

Bonded

and Other Revenues(c)

Debt

$

2,807,485

166,285,864 $

2,462,193

164,034,613

2,099,932

158,960,746

1,719,996

160,592,416

1,321,679

180,966,191

903,566

190,220,372

476,718

277,081,772

311,476,103

295,278,904

272,011,177

(b) Population for 2012 and 2013 based on North Carolina Office of State Budget and Management, thereafter based on U.S. Census Bureau. (c) Includes payments from the City's Technical Service Fund, an Internal Service Fund, relating to the 800 MHZ system purchased with G.O. Bonds in 1998. Internal Service Funds are included with the governmental activities in the Statement of Net Position. As of June 30, 2010, there was no remaining general obligation debt outstanding for the Water Resources Enterprise Fund.

(d) Reported at par value outstanding prior to 2012 and net of related premiums, discounts and adjustments, thereafter.

Note: Details regarding the City's Outstanding Debt can be found in the Notes to the Financial Statements, pgs. 37y-37ee.