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Accounting
The following information is extracted from a city government’s CAFR.

The following information is extracted from a city government’s CAFR.

The following information is extracted from a city government’s CAFR. Compute the city’s debt burden based on population and on property value. Make separate computations for ( a) net direct debt and ( b) combined net direct and overlapping debt.

Net direct debt…………………………………. $ 15,841,000

Overlapping debt …………………………………. $ 12,142,000

Population …………………………………….. 13,243

Full value of taxable real property ……… $ 484,481,000

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