The following information is extracted from a city governments CAFR. Compute the citys debt burden based on
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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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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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