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FIN 2017-10-17 COMPLETE AGENDA PACKET
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FIN 2017-10-17 COMPLETE AGENDA PACKET
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Last modified
1/14/2021 12:13:05 PM
Creation date
10/12/2017 4:51:26 PM
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Council Committees
Committees Date (mm/dd/yy)
10/17/17
Committee Name
Finance 2017-2020
Record Type
Agenda Packet
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Calculation of Debt Capacity <br />•The table below summarizes the City's non -voted and total general obligation debt capacity, as limited <br />by statute <br />Non -Voted General Obligation Debt Capacity <br />2016 Assessed Value for 2017 Tax Year <br />Non -Voted Debt Capacity (1.5% of AV) <br />Less: Outstanding Non -Voted Debt <br />$5,751,820,403 <br />$86,277,306 <br />(35,398,577) <br />Remaining Non -Voted Debt Capacity <br />Total General Obligation Debt Capacity for General Municipal Purposes <br />2016 Assessed Value for 2017 Tax Year <br />Total Debt Capacity (2.5% of AV) <br />Less: Outstanding Voted Debt <br />Less: Outstanding Non -Voted Debt <br />$50,878,729 <br />$5,751,820,403 <br />$143,795,510 <br />(32,990,000) <br />(35,398,577) <br />Remaining Total Debt Capacity for General Municipal Purposes(1) <br />-1 <br />$75,406,933 <br />10 <br />
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