Page 32 - 2020-21 Supporting Information Book_Revised
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6% General Revenues 2.60% 2.32% 2028 2027 Judgment Obligation Bonds
2.65% 2026 Future MICLAs (CP Refundings)
2020-21 PROPOSED BUDGET
2.75% 2025
April 2020 NON-VOTER APPROVED DEBT Debt Service to General Revenues* Pursuant to the Debt Management Policy, the Debt Affordability Ceiling for debt service on non-voter approved debt shall be no more than 6 percent of General Revenues. The 6 percent ceiling may be exceeded only in the following situations: (1) if there is a guaranteed new revenue stream for the debt payments and the additional debt will not cause the ratio to exceed 7.5 percent or, (2) if there
3.60% 2022 Current MICLAs & Other Leases
3.58% 2021
DEBT MANAGEMENT POLICY ceiling will only be exceeded for one year. $500,000 $450,000 $400,000 $350,000 $300,000 4.04% $250,000 $200,000 $150,000 $100,000 $50,000 $- 2020 Convention Center
18 Debt Service Amount (000's)
