CAFR 2017

Table XV Page 2 of 2

Legal Debt Margin Calculation for Fiscal Year 2017

Assessed Value

$

26,075,817,552

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

2,086,065,404 (a)

258,237,486

General Obligation Bonds Other Long Term Debt

179,903,134 (b)

64,754,989

Less: Amount Set Aside For Repayment

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

(21,001,635)

-

481,893,974 1,604,171,430

Legal Debt Margin

$

2012

2013

2014

2015

2016

2017

1,956,517,676 $

1,972,878,091 $

2,033,846,894 $

2,021,818,460 $

$

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

2,086,065,404 $

386,236,037

379,688,772

389,836,178

371,141,667

481,893,974

1,570,281,639 $

1,593,189,319 $

1,644,010,716 $

1,650,676,793 $

$

1,714,218,530

1,604,171,430 $

80.26%

80.75%

80.83%

81.64%

83.47%

76.90%

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