FY 18 Annual Report

ADDITIONAL INFORMATION

Outstanding Municipal Indebtedness

JULY 1, 2017 OUTSTANDING

ISSUED DURING

REDEEMED

OUTSTANDING JUNE 30, 2018

YEAR

DURING YEAR

GENERAL OBLIGATION BONDS

T.I.F. AGREEMENTS * G.O. BONDS INTERNAL LOANS

1,892,768.00 60,000.00

2,761,420.00

887,000.00 60,000.00

3,767,188.00

-

Non-Annual Approp. Annual Approp. **

2,080,215.22 5,977,366.96

217,801.12 248,091.76

1,862,414.10 5,729,275.20 5,629,602.10

TOTAL G.O. DEBT

4,032,983.22

2,761,420.00

1,412,892.88

REVENUE BONDS

SRF 2016 WTP IMP SRF 2008 WTP IMP SRF 2010 CSI IMP

1,023,000.00 6,049,000.00 3,320,636.70

- -

71,000.00 319,000.00 180,000.00

952,000.00 5,730,000.00 3,762,000.00

621,363.30

TOTAL REVENUE DEBT

10,392,636.70

621,363.30

570,000.00

10,444,000.00

TOTAL DEBT

$

16,073,602.10

Constitutional Debt Limit

(Applies only to property tax backed bonds/debt)

January 1, 2016 100% Valuation $760,522,640 X 5% $38,026,132

Debt Subject to Constitutional Debt Limit *** $5,877,693.86 Constitutional Debt Capacity Utilized (as of 6/30/18) 15.46%

* T.I.F. Agreements are shown here for debt capacity calculations only. For detailed information concerning individual agreements, refer to the T.I.F. section of the report. ** T.I.F. Agreements entered into in FY15 and after are subject to Appropriation by the City Council on an annual basis. In determining annual Debt Capacity, only the amount due in a given year is attributable to that year's constitutional debt capacity limit. Agreements entered into in FY16 will not affect the City's Debt Capacity until FY18 or after. Annual Appropriation Totals are not included in Total Outstanding June 30 totals since they are not included in the Debt Limit valuations. *** Debt subject to Constitutional Debt includes the total GO debt outstanding listed above plus the amount of Annual Appropriation TIF debt redeemed during the fiscal year.

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