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Debt Ratios and Related Information <br /> <br />Estimated Population (2000) <br />Assessed Valuation (2002): <br />Estimated Actual Value (2002): <br />Direct General Obligation Bonded Debt <br />Overlapping General Obligation Debt: <br />Direct and Overlapping General Obligation Debt <br />Per Capita Direct Debt: <br />Per Capita Direct and Overlapping General Obligation Debt: <br />Ratio of Direct Debt to Assessed Valuation: <br />Ratio of Direct Debt to Estimated Actual Value: <br />Ratio of Direct and Overlapping General Obligation Debt to Assessed <br /> Valuation: <br />Ratio of Direct and Overlapping General Obligation Debt to Estimated <br /> Actual Value: <br /> <br /> 37,428 <br /> $435,061,956.00 <br />$2,048,948,673.00 <br /> $560,000.0O <br /> $30,259,551.52 <br /> $30,819,551.52 <br /> $14.96 <br /> $823.44 <br /> 0.13% <br /> 0.03% <br /> <br />7.08% <br /> <br />1.50% <br /> <br />General Obligation Indebtedness <br /> <br /> Computation of Legal Debt Margin. Article VI, Sections 26(b) and 26(c) of the Constitution of <br />Missouri, limit the net outstanding amount of authorized general obligation bonds for a city to 10 percent of <br />the assessed valuation of the city. Article VI, Sections 26(d) and 26(e), however, provide that a city may, with <br />the required voter approval, issue general obligation bonds in an amount not to exceed an additional 10 percent <br />of assessed valuation for the purpose of acquiring rights-of-way; constructing, extending and improving streets <br />and avenues; constructing, extending and improving sanitary or storm sewer systems; or purchasing or <br />constructing waterworks or electric light plants; provided that the total general obligation indebtedness of a <br />city does not exceed 20 percent of the assessed valuation. The legal debt margin of the City based upon the <br />2002 assessed valuation is calculated as follows: <br /> <br />Constitutional Debt Limit (20% of Assessed Valuation) <br />Less Total General Obligation Indebtedness <br /> <br />$87,012,931.20 <br /> 560,000.00 <br /> <br /> Legal Debt Margin <br /> <br /> General Obligation Bonds Payable. <br />obligation indebtedness of the City as of: <br /> <br /> $86.452.931.2~0 <br /> <br />The following table sets forth the current outstanding general <br /> <br />Category of <br />Indebtedness <br /> <br />Date of Bonds <br /> <br />Amount Authorized <br /> <br />Amount Outstanding <br /> <br />General Obligation Bonds <br /> <br />June 1,1994 $4,475,000 $560,000 <br /> <br />Overlapping General Obligation Indebtedness <br /> <br /> The following table sets forth the general obligation indebtedness of Political subdivisions with <br />boundaries overlapping the City as of September 1, 2003, and the percent attributable (on the basis of assessed <br />valuation) to the City. The table was compiled from infom~ation furnished by the jurisdictions responsible for <br />the debt, and the City has not independently verified the accuracy or completeness of such information. <br />Furthem~ore, political subdivisions may have ongoing programs requiring the issuance of substantial <br />additional bonds, the amounts of which cammt be determined at this time. <br /> <br />-18- <br /> <br /> <br />