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<br /> MUNICIPAL SALES TAX TABLE CD-6
<br /> The Issuer has adopted the provisions o Chapter 321, as amended, Texas Tax Code. In addition, some issuers are subject to a property tax
<br /> relief and/or an economic and industrial development tax. The voters of the City approved the imposition of a 1/4 cent additional sales tax
<br /> to be used for property tax reduction and 1/4 cent sales tax for economic development purposes. Levy of the additional sales taxes began
<br /> on October 1, 1993, and the City receive its first payment in December, 1993. Collections on a fiscal year basis are as follows:
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<br /> City Collections as Equivalent of
<br /> Fiscal Tot d 1.00% 0.25% % of Ad Valorem Ad Valorem 0.25%
<br /> Year Colle ted city Prop Tax Red Tax Levy Tax Rate EDC
<br /> 1999-00 $ 5,6 0,318 $ 3,746,879 $ 936,720 87.83% 0.51 $ 936,720
<br /> 2000-01 5,4 4,563 3,629,708 907,427 73.98 45.13 907,427
<br /> 2001-02 5,4 4,993 3,609,995 902,499 72.59 44.28 902,499
<br /> 2002-03 5,6 9,187 3,746,125 936,531 64.12 44.56 936,531
<br /> 2003-04 5,7 2,791 3,855,194 963,798 64.51 44.83 963,798
<br /> 2004-05 6,0 5,911 4,003,941 1,000,985 64.48 44.64 1,000,985
<br /> 2005-06 6,4 0,845 4,293,897 1,073,474 69.98 48.44 1,073,474
<br /> 2006-07 6,7 7,939 4,485,293 1,121,323 70.65 41.84 1,121,323
<br /> 2007-08 6,9 0,208 4,600,139 1,150,035 72.31 40.49 1,150,035
<br /> 2008-09 7,6 5,512 5,097,008 1,274,252 82.52 42.91 1,274,252
<br /> 2009-10 (a) 2,9 2,771 1,948,514 487,128 33.33 17.33 487,128
<br /> Collections for Fiscal Year 2009-2610 are through February 28, 2010 (five months only).
<br /> Source: State Comptroller of the State Texas Website.
<br /> Note: Fiscal Year sales tax revenue to Is represent monthly revenues received from the State by the Cityfrom October
<br /> through September of each ftsc year.
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<br /> REVENUE BOND DEBT PRINCIPAL DATA TABLE CD-7
<br /> (As of March 1, 2010)
<br /> Revenue Bond Debt Principal Outstanding:
<br /> Waterworks and Sewer System Reven a Bonds, Series 2000 $ 480,000
<br /> (All the City's other WS Revenue Bonds were refunded in the Series 2010 General Obligation Refunding Bonds issue.)
<br /> Total Gross Revenue Debt $ 480,000
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<br /> Note: Does not include general obligat on self-supporting debt.
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<br /> REVENUE BONDS DEBT SERVICE, REQUIREMENTS TABLE CD-8
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<br /> Fiscal Year Remaining WS Revenue Debt from Series 2000 Bonds
<br /> Ending 9-30 Principal Interest Total
<br /> 2010 $ 480,000 $ 16,500 $ 496,500
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<br /> The City has historically paid debt service requirements on its general obligation System debt from Surplus Revenues of the System and
<br /> intends to continue to do so in the future. However, in the event the Surplus Revenues are not on deposit or budgeted for deposit in the
<br /> Interest and Sinking Fund in advance of the time when ad valorem taxes are scheduled to be levied, then the City is obligated to levy and
<br /> collect an ad valorem tax sufficient t pay principal of and interest on such System debt and the outstanding general obligation bonds.
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