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City of Eugene, Oregon
<br />Legal Debt Margin -General Obligation Bonded Debt
<br />Last ten fiscal years -unaudited
<br />(amounts in dollars)
<br />Fiscal Year
<br />1-12
<br />1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
<br />Real market value 8,202,491,302 8,723,276,724 10,624,721,024 10,696,739,080 10,616,370,338 11,211,738,637 12,490,641,774 14,109,657,676 19,929,625,317 22,595,082,105
<br />Legal debt margin:
<br />Debt limit (3% of real market value) 246,074,739 261,698,302 318,741,631 320,902,172 318,491,110 336,352,159 374,719,253 423,289,730 597,888,760 677,852,463
<br />Debt applicable to limit:
<br />General Obligation Bonds 21,680,000 39,530,000 37,750,000 35,865,000 42,010,000 45,955,000 43,300,000 41,195,000 39,660,000 40,130,000
<br />Less: Amount reserved for
<br />repayment of general
<br />obligation debt (159,198) (78,906) (783,210) (881,015) (885,718) (645,278) (570,377) (688,206) (276,840) (136,909)
<br />~P
<br />v
<br />Total debt applicable to limit
<br />21,520,802
<br />39,451,094
<br />36,966,790
<br />34,983,985
<br />41,124,282
<br />45,309,722
<br />42,729,623
<br />40,506,794
<br />39,383,160
<br />39,993,091
<br />
<br />Legal debt margin 224,553,937 222,247,208 281,774,841 285,918,187 277,366,828 291,042,437 331,989,630 382,782,936 558,505,600 637,859,372
<br />
<br />Total debt applicable to the limit
<br />as a percentage of debt limit 9% 15% 12% 11% 13% 13% 11% 10% 7% 6%
<br />Notes
<br />a) Oregon Revised Statutes 287.004 provides a debt limit on general obligation bonds of 3% of the real market value of all taxable property within the City's boundaries.
<br />b) The legal debt margin is the difference between the debt limit and the City's net outstanding general obligation debt.
<br />Data source
<br />Lane County Department of Assessment and Taxation
<br />City of Eugene Finance Division
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