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b(1) <br /> <br />b(2) <br /> <br />b(3) <br /> <br />b(4) <br /> <br />b(5) <br /> <br />b(6) <br /> <br />b(7) <br /> <br />(b) <br /> <br />(b) DEDUCTIONS <br /> <br />Funding and refunding bonds authorized by orders introduced <br />but not yet adopted: <br /> <br />Funding and refunding bonds authorized but not yet issued: <br /> <br />The amount of money held in sinking funds or otherwise for the <br />payment of any part of the principal of gross debt other than debt <br />incurred for water purposes or sanitary sewer purposes (to the <br />159-55(b)): <br /> <br />Bonded debt included in gross debt and incurred, or-to be <br />incurred, for water purposes: <br /> <br />Bonded debt included in gross debt and incurred, or to be <br />incurred, or sanitary sewer system purposes to the extent that <br />said debt is made deductible by G.S. Subsection 159-55(b): <br /> <br />Uncollected special assessments heretofore levied for local <br />improvements for which any part of the gross debt (that is not <br />otherwise deducted) was or is to be incurred, to the extent that <br />such assessments will be applied, when collected, to the payment <br />of any part of the gross debt: <br /> <br />The amount, as estimated by the Finance Officer, of special <br />assessments to be levied for local improvements for which any <br />part of the gross debt (that is not otherwise deducted) was or is <br />to be incurred, to the extent that the special assessments, when <br />collected, will be applied to the payment of any part of the gross <br />debt: <br /> <br />DEDUCTIONS, being the sum of b(1), b(2), b(3), b(4), b(5), <br />b(6) and b(7): <br /> <br />-0- <br /> <br />$19,265,000 <br /> <br /> -0- <br /> <br />$4,782,108 <br /> <br />-0- <br /> <br />-0- <br /> <br />-0- <br /> <br />($24,047,108) <br /> <br />(c) <br /> <br /> (c) NET DEBT <br /> <br />NET DEBT, being the difference between the GROSS DEBT (a) and <br />the DEDUCTIONS (b): <br /> <br />$269,864,603 <br /> <br />(d) <br /> <br /> (d) APPRAISED VALUE <br /> <br />APPRAISED VALUE of property subject to County taxation before <br />the application of any assessment ratio, being the value fixed in 2002: <br /> <br />$11,689,948,568 <br /> <br /> <br />