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<br /> 1;l18)< <br /> Computation of Self-Supporting Debt <br /> N~t R~venu~ from th.: Wat~rworks and S~w~r Syst~m. Fiscal Y.:ar End~d 9-30-92 . . . . . . . . . . . . . . . . 5 2.251,647 <br /> Less: R~v~nueBondRequir~ments.1993FiscaIY~ar ................................. 888.270 <br /> Balanc~Availabl~forOth~rPurpose.,.......................................... $ 1.363.377 <br /> Syst~m General Obligation Bond R~quir~m~nts. 1993 Fiscal Year. . . . . . . . . . . . . . . . . . . . . . . . . . $ 791.713 <br /> Ba¡anc~ ............................................................. $ 571,664 <br /> P~rc~ntag~ of Syst~m General Obligation Bonds Sdf-Supporting . . . . . . . . . . . . . . . . . . . . . . . . .. . 100.00% <br /> Authorized General Obligation Bonds - Non~ <br /> Anticipated Issuance of General Obligation Debt <br /> Th~ City does not anticipate issuing additional g~n~ral obligati,m d~bt during the n~xt ¡ 2 months. <br /> Funded Debt Limitation <br /> No dir~ct funded debt liuùtation is imposed on the City und.:r current State law or the City's Home Rule Charter. Ani..:!e XI. <br /> Section 5 of the State Constitution is applicable to the: City. and liuùts its maximum ad valorem tax rate to $2.50 per $100 <br /> assessed valuation for aU City purposes. The City operat"'s under a Home Rule Charter which adopts the constitutional <br /> provisions. <br /> Other Obligations <br /> The City has no unfunded debt outstanding as of :-"larch 31. 1993. <br /> Pension Fund " <br /> All qualifi~d .:mploye.::s of the City are m~mbers of the T~xas t\!urucipal Retir",ment Syst~m. Th~ City èmplnYè~S alsn <br /> participat~ in th~ U. S. Social Security program. <br /> Cov.:r~d employ~es of th~ City contribut~ 5 % of gross covered salary. The City's contribution is deterTIÙned annually h;':"~ <br /> actuarial study. For the y~ar ending Sept~mber 30. 1992, th~ contribution rate was 5.67 % <br /> , <br /> 20 <br />