Annual Comprehensive Financial Report 2021

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Table 10 Accumulated Ratio of Net Net General Resources G.O. Tax Debt G.O. Tax Bonded Restricted for to Taxable Debt Tax Debt Repayment Net General Assessed Per Notes in Total of Debt (3) Bonded Debt Valuation Capita - 24,886,095 N/A N/A 2.30% 634 - 25,834,410 75,585 25,758,825 3.93% 2,072 1,313,000 26,311,039 118,350 26,192,689 3.53% 1,972 1,551,000 25,942,487 98,857 25,843,630 3.35% 1,875 1,235,000 27,648,505 97,121 27,551,384 2.89% 1,811 1,698,000 30,479,973 79,449 30,400,524 2.47% 1,607 1,394,000 29,207,377 96,442 29,110,935 2.14% 1,545 1,093,000 37,122,933 85,641 37,037,292 1.83% 1,379 1,769,000 36,554,191 - 36,448,136 1.73% 2,474 3,100,000 42,155,454 - 42,047,834 3.30% 2,576 77
CITY OF RED OAK, TEXAS DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES Table 11 SEPTEMBER 30, <strong>2021</strong> City's Total Estimated Overlapping Tax Debt % GO Taxing Jurisdiction as of 9/30/<strong>2021</strong> Applicable Tax Debt Overlapping Debt Ellis County $ 30,460,583 7.59% $ 2,311,958 Red Oak Independent School District 94,795,000 51.13% 48,468,684 Total Overlapping Debt 50,780,642 Direct Debt City of Red Oak 40,544,613 100.00% 40,544,613 Total Direct Debt 40,544,613 Total Direct and Overlapping GO Tax Debt $ 91,325,255 Source: Hilltop Securities and/or Municipal Advisory Council of Texas 78
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City of Red Oak, Texas Annual Compr
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Required Supplementary Information
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THE CITY The City of Red Oak (the
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at the intersection of State Highwa
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OTHER INFORMATION Independent Audit
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CITIZENS City Attorney Robert Hager
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Other Matters Required Supplementar
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Both of the government-wide financi
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Changes in Net Position Governmenta
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Governmental Activities Business-ty
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This requirement was met, and excee
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CITY OF RED OAK, TEXAS STATEMENT OF
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CITY OF RED OAK, TEXAS BALANCE SHEE
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CITY OF RED OAK, TEXAS RECONCILIATI
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Governmental fund financial stateme
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The costs of normal maintenance and
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In the fund financial statements, g
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IV. RECEIVABLES The City’s receiv
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Bond Reserve Fund For the Industria
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