California Comprehensive Annual Financial Report - City of Temecula
California Comprehensive Annual Financial Report - City of Temecula
California Comprehensive Annual Financial Report - City of Temecula
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CITY OF TEMECULA<br />
LEGAL DEBT MARGIN<br />
Last Ten Fiscal Years (values in thousands)<br />
FISCAL YEAR ENDED JUNE 30<br />
2000 2001 2002 2003 2004<br />
Net Assessed Value $ 3,740,333 $4,469,215 $ 5,098,712 $ 6,088,960 $ 6,795,787<br />
Plus Exempt Property 61,464 64,372 68,938 82,926 92,362<br />
Total Assessed Value 3,801,797 4,533,587 5,167,650 6,171,886 6,888,149<br />
Debt Limit – 15% <strong>of</strong> total assessed value 570,270 680,038 775,148 925,783 1,033,222<br />
Amount <strong>of</strong> Debt Applicable to Debt Limit - - - - -<br />
Less Assets in Debt Service Funds Available for<br />
Payment <strong>of</strong> Principal<br />
Total Amount <strong>of</strong> Debt Applicable to Debt Limit<br />
- - - -<br />
-<br />
Legal Debt Margin (Debt Limit - Applicable Debt) $ 570,270 $ 680,038 $ 775,148 $ 925,783 $ 1,033,222<br />
Source: <strong>City</strong> <strong>of</strong> <strong>Temecula</strong> Finance Department<br />
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