|
<br />Estimated Direct and Overlapping Funded Debt Payable From Ad Valorem Taxes (As of8-31-88)
<br />
<br />Expenditures of the various taxing bodies within the territory of the City are paid out of ad valorem taxes
<br />levied by these taxing bodies on properties within the City. ~hese political taxinb bodies are independent
<br />of the City and may incur borrowings to finance their expenditures. The following statement of direct
<br />and estimated overlapping ad valorem tax bonds was developed from information contained in "Texas
<br />Municipal Reports" published by the Municipal Advisory Council of Texas. Except for the amounts
<br />rela ting to the City, the City has not independently verified the accuracy or completeness of such
<br />information, and no person should rely upon such information as being accurate or complete. Further-
<br />more, certain of the entities listed below may have issued additional bonds since the date stated in the
<br />table, and such entities may have programs requiring the issuance of substantial amounts of additional
<br />bonds the amount of which cannot be determined. The following table reflects the estimated share of
<br />overlapping funded debt of these various taxing bodies.
<br />
<br />Taxin~ Jurisdiction
<br />City of San Marcos
<br />San Marcos Consolidated Independent
<br />School District
<br />Hays County
<br />Caldwell County
<br />Upper San Marcos Watershed Reclamation
<br />and Flood Control District
<br />
<br /> Estimated
<br />Total %
<br />Funded Debt Applicable
<br />$ 8,156,000 100.00%
<br />11 ,780,000 59.34 %
<br />13,105,000 23.56%
<br />408,000 0.32%
<br />1,575,000 75.44%
<br />
<br />Total Direct and Overlapping Funded Debt
<br />
<br />Ratio of Direct and Overlapping Funded Debt
<br />to Taxable Assessed Valuation -----------------------------_u-------------------
<br />
<br />Per Capita Overlapping Funded Debt -----------------------------------------------
<br />Interest and Sinking Fund Budget Projection
<br />
<br />Estimated General Purpose Debt Service Requirements,
<br />Fiscal Year Ending 9-30-88
<br />
<br />Interest and Sinking Fund, 9-30-87
<br />1987 Interest and Sinking Fund Tax Levy @ 90% Collection
<br />
<br />$802,325
<br />712,066
<br />
<br />Estimated Balance, 9-30-88
<br />
<br />Computation of Self-Supporting Debt
<br />
<br />Net Revenue from Waterworks and Sewer System, 12 Months Ended 1988
<br />Less: Revenue Bond Requirements, 1988-89 Fiscal Year
<br />
<br />Balance Available for Other Purposes
<br />System General Obligation Bond Requirements, 1988-89 Fiscal Year
<br />
<br />Balance
<br />
<br />Percentage of System General Obligation Bonds Self-Supporting
<br />Authorized General Obligation Bonds
<br />
<br />Overlapping
<br />Funded Debt
<br />$ 8,156,000
<br />
<br />6,990,252
<br />3,087,538
<br />1,305
<br />
<br />1,188,180
<br />$19,423,275
<br />
<br />2.45%
<br />
<br />$560.56
<br />
<br />$ 723,893
<br />
<br />1,514,391
<br />$ 790,498
<br />
<br />$1,848,232
<br />$ 583,214
<br />
<br />$1,265,018
<br />
<br />926,323
<br />
<br />$ 338,695
<br />100%
<br />
<br /> Amount Amount
<br />Date Amount Heretofore Being Cnissued
<br />Authorized Authorized Issued Issued Balance
<br />4-7 -84 $4,000,000 $3,580,000 $-0- $420,000
<br />4-7 -84 400,000 350,000 -0- 50,000
<br />4-7 -84 300,000 300,000 -0- -0-
<br />4-7 -84 450,000 -0- -0- 450,000
<br /> $920,000
<br /> A - 9
<br />
<br />Purpose
<br />Streets and Drainage
<br />Parks/Recreation
<br />Fire Department
<br />Library
<br />
|