HomeMy WebLinkAboutC.054.93009_0249AUG 17 1993
a(1) Outstanding debt evidenced by bonds -0-
a(2) Bonds authorized by orders introduced
on August 17, 1993, but not yet adopted:
School Bonds $36,285,000
Community College Bonds 4,715,000
---------- $41,000,000
a(3) Unissued bonds authorized by
adopted orders -0-
a(4) Outstanding debt, not evidenced by bonds $18,304,385
(a) GROSS DEBT, BEING THE SUM of a(1), a(2), $59,304,385
a(3), and a(4)
b(1) Funding and refunding bonds authorized
by orders introduced but not yet adopted -0-
b(2) Funding and refunding bonds authorized
but not yet issued -0-
b(3) The amoount of money held in sinking funds or
otherwise for the payment of any part of the
principal of gross debt other than debt
incurred for water purposes or sanitary
sewer purposes (to the extent that the bonds
are deductible under G.S. 159-55(b) -0-
b(4) Bonded debt included in gross debt and incurred,
or to be incurred, for water purposes -0-
b(5) Bonded debt included in gross debt and incurred,
for sanitary sewer system purposes to the extent
that said debt is made deductible
by G.S. 159-55(b) -0-
b(6) Uncollected special assessments heretofore levied
for local improvements for which any part of
the gross debt (that is not otherwise deducted)
was or is to be deducted, was or is to be incurrred
to the extent that such assessments will be
applied, when collected, to the payment of
any part of the gross debt -0-
b(7) The amount of special assessments to be
levied for local improvements for which
an part of the gross debt (that is not
otherwise deducted) was or is to be
incurred, to the extent that the
special assessments, when collected, will
be applied to the payment of any part
of the gross debt -0-
DEDUCTIONS, being the sum of b(i), b(2),
b(3), b(4), b(5), b(6), and b(7) -0-
(c) NET DEBT
(c) NET DEBT, being the difference between
the GROSS DEBT (a) and the DEDUCTIONS (b) $59,304,385
(d) APPRAISED VALUE
(d) APPRAISED VALUE of property subject
to County taxation before the application
of any assessment ratio, being the value
fixed in 1992 $ 4,866,294,667
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