FY2016-17 Budget Final

CITY OF DESOTO, TEXAS COMPUTATION OF LEGAL DEBT MARGIN

September 30, 2016

Total Assessed Value

$

4,008,694,610

Less: Exempt Property

$

474,889,741

Net Taxable Assessed Value

$

3,533,804,869

Debt limit -Ten Percent (10%) of Taxable Assessed Value Amount of Debt Applicable to Debt Limit- Total Bonded Debt Less: Amount in Debt Service Fund Available for Payment of Principal Total Amount of Debt Applicable to Debt Limit

$

353,380,487

$

74,610,000

$

3,167,207

$

71,442,793

$

281,937,694

Legal Debt Margin

Source: Dallas Central Appraisal District

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