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FINANCIAL INFORMATION OF THE ISSUER
<br />
<br />ASSESSED VALUATION
<br />
<br />2001 Actual Market Value of Taxable Property
<br /> Less Exemptions:
<br /> Local, Optional Over-65 and/or Disabled Homestead Exemptions
<br /> Disabled and Deceased Veterans' Exemptions
<br /> Productivity Loss
<br /> House Bill 366
<br /> Freeport
<br /> Pollution Control
<br /> Abatement Loss
<br /> Cap Loss (10%)
<br />2001 Net Taxable Assessed Valuation (100% of Actual)(=)
<br />
<br />$37,884,154
<br /> 2,434,420
<br /> 16,330,910
<br />
<br /> 74,618,660
<br /> 19,689,590
<br />385,639,930
<br /> 549,592
<br />
<br /> TABLE 1
<br />$ 1,555,307,967
<br />
<br />~dj See "AD VALOREM TAX PROCEDURES" and "CITY APPLICATION OF THE PROPERTY TAX CODE" in the
<br /> Official Statement for a description of the Issuer's taxation procedures.
<br />Source: Lamar County Appraisal District
<br />
<br /> 537.147,256
<br />$ 1.019,160,711
<br />
<br />GENERAL OBLIGATION BONDED DEBT
<br />(As of March 1, 2000)
<br />
<br />General Obligation Debt Outstanding:
<br /> Tax and Revenue Refunding Certificates of Obligation. Series 1991 (These bonds are being fully defeased)
<br /> Certificates of Obligation, Series 1993
<br /> Certificates of Obligation, Series 1994
<br /> Tax and Revenue Refunding Bonds, Series 1998
<br /> Tax and Revenue Certificates of Obligation, Series 2000
<br /> Tax and Revenue Refunding Bonds, Series 2001
<br />
<br /> Total Gross General Obligation Debt Outstanding:
<br />Less: Self-Supporting General Obligation Debt
<br /> Tax and Revenue Refunding Certificates of Obligation, Series 1991(100%)
<br /> Certificates of Obligation, Series 1994 (100%)
<br />
<br /> Tax and Revenue Refunding Bonds, Series 1998 (100%)
<br /> Tax and Revenue Refunding Bonds, Series 2001 (100%)
<br />
<br /> Total Self-Supporting General Obligation Debt
<br />
<br />Total Net General Obligation Debt Outstanding:
<br />
<br />General Obligation Interest and Sinking Fund Balance as of 7-31
<br />
<br />Ratio of Net General Obligation Debt to 2001 Net Assessed Valuation
<br />2001 Net Assessed Valuation(b)
<br />
<br />Preliminary, subject to change.
<br />See "AD VALOREM TAX PROCEDURES" and "CITY APPLICATION OF THE PROPERTY TAX CODE" in the
<br /> Official Statement for a description of the Issuers taxation procedures.
<br />
<br />Population: 1980- 25,498; 1990-24,699;2000-25,898 Current (Estimate)- 25,925
<br />Per Capita 2001 Net Assessed Valuation - $39,312
<br />Per Capita Gross General Obligation Debt - $974
<br />Per Capita Net General Obligation Debt - $579
<br />A-1
<br />
<br />TABLE 2
<br />
<br /> 0
<br />3,900,000
<br />4,425,000
<br />5,810,000
<br />5,915,000
<br />5,190,000
<br />
<br />25,240,000
<br />
<br /> 0
<br />4,425,000
<br />5,810.000
<br />5,190,000
<br />
<br />$ 10,235,000
<br />
<br />$ 15,005,000
<br />
<br />$ 403,888
<br />
<br /> 1.47%
<br />$ 1,019,160.711
<br />
<br />
<br />
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