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<br />Scbedule 11 . .
<br />. CITY OF REDWOOD CITY. CALIFORNIA'
<br />LEGAL DEBT MARGIN INFORMATION
<br />Last Ten Fiscal Years
<br />
<br />" . Total
<br /> Net Debt..
<br />Fiscal! Year. . Debt Limit. Applicable to Limit
<br />.. $: $
<br />1998/99.: , . ., - 269.289,;533 . 0..
<br /> .,
<br />1999/00 296,740.,922 ' 0
<br />. 2000/0 f 331.223.646 i 0
<br />.2001/02 ' :384,896;150 ': 0 ..,
<br />.2002/03 412,32 t ,408 0
<br />2003/04. 418,067,529 ; o.
<br /> ..
<br />'2004/05 433,746,574 0
<br />2005i06 ; 45,4,105.241 .0
<br />20()6/07 .; . 491A68,701' 0::
<br />2007/08 ' 534,863,468 0
<br /> ..
<br /> ,.
<br />
<br />Legal De~t Margin Calc,i)ation for FY Z007/08: ,.
<br />
<br />. .
<br />, .
<br />. . ..
<br />Assessed value:.
<br />Add back: ex.empt leal. property: .
<br />Total asseSsed value, ,
<br />
<br />13.722,001,484.
<br />.. .541.024:;340
<br />,14.263,025.824
<br />
<br />. Debt limit (3.75% ,or" tOtal assessed vahle)'
<br />Debt .app.licable to.. limit: .
<br />; : Genera"'obligation bonds '; . .
<br />" .. Less: Amount set aside for repayment
<br />ofg~eral obligation debt . .
<br />Totiil. net debt applicable to limit.
<br />.. . Legal debt ~argin. ., .
<br />
<br />534,863A68
<br />0'
<br />
<br />534,863,468
<br />
<br />. ~ .
<br />
<br />Total
<br />Legal Debt
<br />Margin
<br />',.! " S
<br />269.289,533.
<br />296,740,922 .
<br />331 ~223~646
<br />384,896,150
<br />. ,;412,32t408
<br />. !. 41 g~067 ,529;; .
<br />433,746,574
<br />.454,105,241;
<br />'491,468,701 .
<br />, : :5~(863 A68,
<br />
<br />t(
<br />
<br />: TotaJ..Net Debt
<br />.Applicable to Limir
<br />as %of Debt Limit
<br />0/0
<br />o
<br />0,
<br />o
<br />o
<br />o
<br />, .0
<br />o
<br />o
<br />.. 0
<br />o
<br />
<br />,j" .
<br />; .
<br />
<br />..
<br />":.
<br />
<br />.Note: .Under staie fin~ce'law, the c.ity's outs~ding gene~l ~bligation!d~bt sIiotiidnot exceed 15% oftotitJ.;
<br />assessed property value., However, the city has established a more cOnservative intemallimit of not more than :
<br />. 3.75%. By"law, the genera)..ob~igatioll debtsubject to tlie:limitati~n may.be offs.et by amounts s~t aside:for repaying
<br />geileralobligationbonds~!;;,.:... . '., .'. ., ...
<br />
<br />..! .
<br />
<br />112.
<br />
<br />::j !:, .....
<br />
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