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Below is a cache of http://www.ci.lynnwood.wa.us/Docs/CAFR02-Debt_Margin.pdf. It's a snapshot of the page taken as our search engine crawled the Web.
The web site itself may have changed. You can check the current page or check for previous versions at the Internet Archive. Yahoo! is not affiliated with the authors of this page or responsible for its content. COMPUTATION OF LEGAL DEBT MARGIN December 31, 2001 TOTAL DEBT OUTSTANDING REMAINING DEBT CAPACITY DEBT CAPACITY I. COMPUTATION OF LEGAL DEBT MARGIN December 31, 2001 TOTAL DEBT OUTSTANDING REMAINING DEBT CAPACITY DEBT CAPACITY I. GENERAL PURPOSES A. Councilmanic (1.5% of
assessed value of
$2,635,336,634) 39,715,242 $ $ --- $ --- Bond Liabilities --- 11,919,231 --- Less Redemption Fund Assets --- (332,102) --- Sub-Total Councilmanic 39,715,242 11,587,129 28,128,113 C. Voted (1.0% of
assessed value) (1) 26,476,828 --- --- Bond Liabilities --- --- --- Less: Redemption Fund Assets --- --- --- Sub-Total Voted 26,476,828 --- 26,476,828 Total General Purposes 66,192,070 11,587,129 54,604,941 II. UTILITY PURPOSES A. Voted (2.5% of assessed value) 66,192,070 --- --- Bond Liabilities 10,765,000 Less: Redemption Fund Assets --- -2,268,034 --- Total Utility Purposes 66,192,070 8,496,966 57,695,104 III. OPEN SPACE AND PARKS FACILITIES A. Voted (2.5% of assessed value) 66,192,070 --- --- Bond Liabilities --- --- --- Less: Redemption Fund Assets --- --- --- Total Open Space and Parks Facilities 66,192,070 --- 66,192,070 Combined Totals from Sections I, II,
and III $198,576,210 $20,084,095 $178,192,115 (1) General obligation bond indebtedness, councilmanic plus voted,
may not exceed 2.5% of assessed value. Councilmanic bonds,
however, are limited to 1.5% of assessed value or the difference
between the voted rate and the G.O. ceiling (2.5%), whichever is
less. RCW 39.36.020
The web site itself may have changed. You can check the current page or check for previous versions at the Internet Archive. Yahoo! is not affiliated with the authors of this page or responsible for its content. COMPUTATION OF LEGAL DEBT MARGIN December 31, 2001 TOTAL DEBT OUTSTANDING REMAINING DEBT CAPACITY DEBT CAPACITY I. COMPUTATION OF LEGAL DEBT MARGIN December 31, 2001 TOTAL DEBT OUTSTANDING REMAINING DEBT CAPACITY DEBT CAPACITY I. GENERAL PURPOSES A. Councilmanic (1.5% of
assessed value of
$2,635,336,634) 39,715,242 $ $ --- $ --- Bond Liabilities --- 11,919,231 --- Less Redemption Fund Assets --- (332,102) --- Sub-Total Councilmanic 39,715,242 11,587,129 28,128,113 C. Voted (1.0% of
assessed value) (1) 26,476,828 --- --- Bond Liabilities --- --- --- Less: Redemption Fund Assets --- --- --- Sub-Total Voted 26,476,828 --- 26,476,828 Total General Purposes 66,192,070 11,587,129 54,604,941 II. UTILITY PURPOSES A. Voted (2.5% of assessed value) 66,192,070 --- --- Bond Liabilities 10,765,000 Less: Redemption Fund Assets --- -2,268,034 --- Total Utility Purposes 66,192,070 8,496,966 57,695,104 III. OPEN SPACE AND PARKS FACILITIES A. Voted (2.5% of assessed value) 66,192,070 --- --- Bond Liabilities --- --- --- Less: Redemption Fund Assets --- --- --- Total Open Space and Parks Facilities 66,192,070 --- 66,192,070 Combined Totals from Sections I, II,
and III $198,576,210 $20,084,095 $178,192,115 (1) General obligation bond indebtedness, councilmanic plus voted,
may not exceed 2.5% of assessed value. Councilmanic bonds,
however, are limited to 1.5% of assessed value or the difference
between the voted rate and the G.O. ceiling (2.5%), whichever is
less. RCW 39.36.020
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