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February 18, 2013 (Regular Meeting) Page 1431 <br />DEPARTMENT OF STATE TREASURER <br />State and Local Government Finance Division <br />and the Local Government Commission <br />325 North Salisbury Street, Raleigh, North Carolina 27603 -1385 <br />STATEMENT OF DEBT <br />For Cabarrus County, North Carolina <br />To be filed with the application. The debt described below should not <br />include debt incurred or to be incurred in anticipation of the collection of <br />taxes or other revenues or in anticipation of the sale of bonds other than <br />funding or refunding bonds. The debt described below should not include <br />revenue bonds or special obligation bonds. <br />A. Gross Debt <br />1. Outstanding debt evidenced by bonds: <br />Purpose Amount <br />Water <br />Sanitary Sewer <br />Electric <br />Gas <br />Other (schools and community college (see list) $98,695,000 <br />2. The proposed financing and bonds authorized by orders introduced but <br />not yet adopted: <br />Date Introduced Purpose Amount <br />2/18/2013 Refunding <br />3. Unissued bonds authorized by adopted orders: <br />Date Introduced Purpose Amount <br />$95,580,000 <br />n <br />4. Outstanding debt not evidenced by bonds (lease - purchase agreements): <br />Date Incurred Purpose Amount <br />See list $273,303,893.17 <br />Total Gross Debt (Sum of 1, 2, 3 and 4) $467,578,893.17 <br />B. Deductions <br />1. Funding and refunding bonds authorized by <br />orders introduced but not yet adopted ..................... <br />2. Funding and refunding bonds authorized but <br />notissued ........................................................................ ............................... <br />3. Amount held in sinking funds or otherwise for <br />the payment of gross debt other than debt <br />incurred for water, gas, electric light or <br />power purposes or sanitary sewer purposes (to <br />the extent deductible under Section 159 -55(b) <br />of the Local Government Bond Act), or two or <br />more of these purposes ................................... ............................... <br />4. Bonded debt included in gross debt and <br />incurred or to be incurred for water, gas or <br />electric light or power purposes, or any two <br />or more of these purposes ....................... ............................... <br />S. Bonded debt included in gross debt and <br />incurred or to be incurred for sanitary sewer <br />system purposes (to the extent deductible <br />under Section 259 -55[b] of The Local <br />GovernmentBond Act) ........................................ ............................... <br />$95,580,000 <br />c <br />r <br />n <br />6. Uncollected special assessments levied for $ <br />