Annual Report 2007-2008(color).pub - Town of South Windsor
Annual Report 2007-2008(color).pub - Town of South Windsor
Annual Report 2007-2008(color).pub - Town of South Windsor
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Auditor’s <strong>Report</strong><br />
SCHEDULE OF DEBT LIMITATION<br />
FOR THE YEAR ENDED JUNE 30, <strong>2008</strong><br />
Total tax collections (including interest and lien fees) received by Treasurer for the<br />
year ended June 30, <strong>2008</strong> $ 69,196,265<br />
Tax Relief for the Elderly 2,000<br />
BASE $ 69,198,265<br />
General<br />
Purposes Schools Sewers<br />
Urban<br />
Renewal<br />
Pension<br />
Deficit<br />
Debt Limitation:<br />
2-1/4 times base $ 155,696,096 $ $ $ $<br />
4-1/2 times base 311,392,193<br />
3-3/4 times base 259,493,494<br />
3-1/4 times base 224,894,361<br />
3 times base 207,594,795<br />
Total debt limitation 155,696,096 311,392,193 259,493,494 224,894,361 207,594,795<br />
Indebtedness:<br />
Bonds payable 17,086,500 11,893,500 2,557,272<br />
Notes payable 600,000,000<br />
Authorized, unissued bonds 8,450,000<br />
Total indebtedness 31,536,500 11,893,500 2,557,272 - -<br />
Less amounts to be provided<br />
by the state and other (2,488,526)<br />
Net indebtedness 31,536,500 9,404,974 2,557,272 - -<br />
Debt Limitation in Excess <strong>of</strong><br />
Outstanding and Authorized<br />
Debt $ 124,159,596 $ 301,987,219 $ 256,936,222 $ 224,894,361 $ 207,594,795<br />
Note 1: In no case shall total indebtedness exceed seven times annual receipts from taxation ($484,387,855)<br />
<strong>Town</strong> <strong>of</strong> <strong>South</strong> <strong>Windsor</strong>: <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong>/<strong>2008</strong> | 69
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