Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

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 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% 2017 4,677,212 1,124,420 3,552,792 24.04% Legal Debt Margin Calculation for Fiscal Year 2017 Assessed value 58,465,155 $ Debt limit ( 8% of assessed value) 4,677,212 Debt applicable to limit: General Obligation bonds 349,375 GO bonds authorized not issued 98,775 Other outstanding debt 677,287 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 (1,017) Total net debt applicable to limit 1,124,420 Legal debt margin 3,552,792 $ City of Raleigh _____________________________________________________________ Statistical Section ____________________________________________________________ __________________________________________________________ 189 __________________________________________________________

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