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<br />Estimated Direct and Overlapping Funded Debt Payable From Ad Valorem Taxes (As of 3-31-91)
<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. These political taxing 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 />relating 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.
<br />Furthermore, certain of the entities listed below may have issued additional bonds since the date stated
<br />in the table, and such entities may have programs requiring the issuance of substantial amounts of
<br />additional bonds the amount of which cannot be determined. The following table reflects the estimated
<br />share of overlapping funded debt of these various taxing bodies.
<br /> Estimated
<br /> Total 96 Overlapping
<br /> TaxinR Jurisdiction Funded Debt Applicable Funded Debt
<br />San Marcos, City of $18,520,0000) 100.0096 $18,520,0000)
<br />Caldwell County 3,776,000 0 . 3296 12,083
<br />Hays County 12,410,000 23.6596 2,934,965
<br />San Marcos Independent School District 10,469,965 59.3496 6,212,877
<br />Upper San Marcos Watershed Reclamation
<br />and Flood District 1,425,000 75.4496 1,075,000
<br />Total Direct and Overlapping Funded Debt $28,754,945
<br />Ra tio of Direct and Overlapping Funded Debt
<br />to Taxable Assessed Valuation _u__u--------u--------u--------u----------_u- 4.4096
<br />Per Capita Overlapping Funded Debt ---------_u_--u--u_-------_u_-----_uu_u- $833.48
<br />(1) Includes the Bonds.
<br />Interest and Sinking Fund Budget Projection
<br />Estimated General Purpose Debt Service Requirements,
<br />Fiscal Year Ending 9-30-90------_u_--_uu_u- ------------_u_u_---u_----_uu- $1,734,4440)
<br />Interest and Sinking Fund, 9-30-90uu-------------_u_----u_--_uuu $846,418
<br />1991 Interest and Sinking Fund Tax Levy @ 90% Collection _uu_----_u_- 816,692
<br />Budgeted Transfers-------------------------------------------------- 100,730 1,763,840
<br />Estimated Balance, 9-30-91 ------------------------------------------------------- $ 29,396
<br />(1) Includes Waterworks and Sewer System supported combination tax and revenue debt.
<br />Computation of Sell-Supporting Debt
<br />Net Revenue from the Waterworks System, Fiscal Year Ended 9-30-90 -uuu_uuuuu- $2,359,561
<br />Less: Revenue Bone;! Requirements, 1991 Fiscal Year _uu_uu_--uuU--_U_----uu- 706,218
<br />Balance Available for Other Purposes u_-----_u_u----u--u_---u--U_-------_uu $1,653,343
<br />System General Obligation Bond Requirements, 1991 Fiscal Year ---------------------- $1,060,225
<br />BaJance-------------------------------------------------------------------------- $ 593,118
<br />Percentage of System General Obligation Bonds Self-Supporting u-----_u_u--_u--_u- 100.00%
<br /> -13-
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