|
<br /> City of Hastings VI-6 & VI-7
<br /> Key Financial, Economic, and Debt Ratios
<br /> 2005A Bond Issue 2005B Bond Issue With Both 05 With Both 05
<br /> Current and Refunding and Refunding Issues-06 Budget Issues-06 Budget
<br /> Limit 2005 as 12/31/05 as of 12/31/05 (With Out Certificates) With Certificates)
<br />Total annual debt service for G.O.
<br />will not exceed 35% of total 2005/2006
<br />budgeted expenditures.
<br />Debt service
<br /> 2005 8,928,975 3,735,055
<br /> 2006 8,914,752 4,364,430 4,364,430 $4,364,430 $4,364,430
<br />Percentage Rate 14.650% 17.135% 17.135% 17.135% 17.135%
<br />Net Bonded debt outstanding will not
<br />exceed (3.5%) of Assessor's Market
<br />Value of taxable property
<br />Net Outstanding debt 49,422,195.00 27,884,729 28,607,948 29,912,948 $29,912,948 $30,287,948
<br />Assesor's Market Value (04/pay 05) 1,412,062,700 1,412,062,700 1,412,062,700 1,412,062,700 1,412,062,700 1,412,062,700
<br />Percentage 3.500% 1.975% 2.026% 2.118% 2.118% 2.145%
<br />Assesor's Market Value (05/pay 06) 1,630,346,200 1,630,346,200 1,630,346,200 1,630,346,200
<br />Percentage 1.755% 1.835% 1.835% 1.858%
<br />Gross bonded debt will not exceed
<br />$1,800 per capita.
<br />Outstanding debt (G.O.) 27,020,000 32,415,000 33,720,000 33,720,000 34,095,000
<br />Population 2005 estimated 21,847 21,847 21,847 21,847 21,847
<br />$ Value $ 1,800 $ 1,237 $ 1 ,484 $ 1,543 $ 1,543 $ 1,561
<br />
<br />Increases of the percentage rates for the debt ratios are
<br />higher then usual due to the fact that the municipal bldg debt
<br />is now city debt and not HRA debt.
<br />
<br />Revised 9/21/05
<br />
|