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<br /> ) 3PL/<.. <br /> Computation of Self-Supporting Debt <br /> Net Revenue from the Waterworks and Sewer System, Fiscal Year Ended 9-30-92 . . . . . . . . . . . . . . . . $ 2,251,647 <br /> Less: Revenue Bond Requirements, 1993 Fiscal Year ................................. 888.270 <br /> BalanceAvailableforOtherPurpose.........................................,.. $ 1,363,377 <br /> System General Obligation Bond Requirements, 1993 Fiscal Year. . . . . . . . . . . . . . . . . . . . . . . . . . $ 791,713 <br /> Balance ............................................................. $ 571,664 <br /> Percentage of System General Obligation Bonds Self-Supporting. . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00% <br /> Authorized General Obligation Bonds - None <br /> Anticipated Issuance of General Obligation Debt <br /> The City does not anticipate issuing additional general obligation debt during the next 12 months. <br /> Funded Debt Limitation <br /> No direct funded debt limitation is imposed on the City under current State law or the City's Home Rule Charter. Article XI, <br /> Section 5 of the State Constitution is applicable to the City, and limits its maximum ad valorem tax rate to $2.50 per $100 <br /> assessed valuation for all City purposes. The City operates under a Home Rule Charter which adopts the constitutional <br /> provisions. <br /> Other Obligations <br /> The City has no unfunded debt outstanding as of March 31, 1993. <br /> Pension Fund .. <br /> All qualified employees of the City are members of the Texas Municipal Retirement System. The City employees also <br /> participate in the U. S. Social Security program. <br /> Covered employees of the City contribute 5 % of gross covered salary. The City's contribution is detemùned annually by <br /> actuarial study. For the year ending September 30, 1992, the contribution rate was 5.67% <br /> I <br /> A - 10 <br />