Comprehensive Annual Financial Report FY 2016

Table XV Page 2 of 2

Legal Debt Margin Calculation for Fiscal Year 2016

Assessed Value

$

25,670,533,471

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

2,053,642,678 (a)

166,370,000

General Obligation Bonds Other Long Term Debt

141,984,010 (b)

44,796,831

Less: Amount Set Aside For Repayment

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

(13,726,693)

-

339,424,148 1,714,218,530

$

Legal Debt Margin

2011

2012

2013

2014

2015

2016

1,937,582,819 $

1,956,517,676 $

1,972,878,091 $

2,033,846,894 $

$

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

2,053,642,678 $

408,374,842

386,236,037

379,688,772

389,836,178

339,424,148

1,529,207,977 $

1,570,281,639 $

1,593,189,319 $

1,644,010,716 $

$

1,650,676,793

1,714,218,530 $

78.92%

80.26%

80.75%

80.83%

81.64%

83.47%

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