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156

City of Raleigh

Statistical Section

LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS

(amounts expressed in thousands)

Fiscal Year

Ended

June 30

Debt Limit

Less: Total Net

Debt Applicable

to Limit

Legal Debt

Margin

Total Net Debt

Applicable to the

Limit as a

Percentage of

Debt Limit

2007

2,689,041

$

700,623

$

1,988,418

$

26.05%

2008

2,808,734

823,965

1,984,769

29.34%

2009

3,923,534

860,872

3,062,662

21.94%

2010

3,991,318

836,465

3,154,853

20.96%

2011

4,005,086

850,380

3,154,706

21.23%

2012

4,043,155

867,667

3,175,488

21.46%

2013

4,095,530

867,668

3,227,862

21.19%

2014

4,225,446

974,216

3,251,230

23.06%

2015

4,218,066

1,134,703

3,083,363

26.90%

2016

4,298,041

1,139,717

3,158,324

26.52%

Legal Debt Margin Calculation for Fiscal Year

2016

Assessed value

53,725,509

$

Debt limit (

8%

of assessed value)

4,298,041

Debt applicable to limit:

General Obligation bonds

304,260

GO bonds authorized not issued

166,775

Other outstanding debt

669,987

Less: Statutory deductions

Bonded debt included in gross debt incurred for water

-

Uncollected special assessments levied for local

improvements for which gross debt incurred to the

extent to be applied to the payment of such gross debt

(1,305)

Total net debt applicable to limit

1,139,717

Legal debt margin

3,158,324

$

156