Page 140 - 2019-20 CAFR

Rogue Community College

Computations of Legal Debt Margin
Last Ten Fiscal Years ‐ (unaudited)
Bonded
Indebtedness
Real Market Value Legal Debt Bonded Bonded Debt As a Percentage
Fiscal Year of Taxable Property Limitation (1) Indebtedness Margin of Legal Debt Limit

2019‐20
Jackson County $ 33,335,844,153 $ 500,037,662 $ 22,691,696 $ 477,345,966 4.54%
Josephine County 12,570,839,101 188,562,587 4,698,304 183,864,283 2.49%
2018‐19
Jackson County 31,672,792,068 475,091,881 24,873,342 450,218,539 5.24%
Josephine County 12,362,641,812 185,439,627 4,916,658 180,522,969 2.65%
2017‐18
Jackson County 28,643,175,645 429,647,634 26,868,595 402,779,040 6.25%
Josephine County 10,052,724,360 150,790,865 5,131,405 145,659,460 3.40%
2016‐17
Jackson County 26,608,473,944 399,127,109 28,599,400 370,527,709 7.17%
Josephine County 8,983,550,869 134,753,263 5,430,600 129,322,663 4.03%
2015‐16
Jackson County 25,101,285,743 376,519,286 16,605,000 359,914,286 4.41%
Josephine County 8,209,104,762 123,136,571 0 123,136,571 0.00%
2014‐15
Jackson County 23,512,802,671 352,692,040 17,835,000 334,857,040 5.06%
Josephine County 8,063,236,663 120,948,550 0 120,948,550 0.00%
2013‐14
Jackson County 21,365,297,099 320,479,456 18,960,000 301,519,456 5.92%
Josephine County 7,405,557,726 111,083,366 0 111,083,366 0.00%
2012‐13
Jackson County 20,963,859,574 314,457,893 19,995,000 294,462,893 6.36%
Josephine County 7,275,733,739 109,136,006 0 109,136,006 0.00%
2011‐12
Jackson County 22,526,552,961 337,898,294 20,950,000 316,948,294 6.20%
Josephine County 7,574,999,491 113,624,992 0 113,624,992 0.00%
2010‐11
Jackson County 24,611,610,456 369,174,156 21,000,000 348,174,156 5.69%
Josephine County 8,446,479,564 126,697,193 0 126,697,193 0.00%

(1) The legal debt limitation is calculated at 1.5% of real market value of the property in the College taxing district according to ORS
341.613(2).

Note: Bonded indebtedness may be incurred for a specific service area only and not for the general benefit of the College.

Source: Rogue Community College Budget and Financial Services Department and the Jackson and Josephine County Assessor's
Offices.

127