Page 1566 - draft

Debt Statement

General Obligation Direct Bonded Debt.............................................................................. $118,885,000
Leases.................................................................................................................................... $148,814
Net Direct Debt .................................................................................................................... $119,033,814
EAV (2019) ......................................................................................................................... $962,400,168
(1)
Statutory Debt Limit (6.9% of EAV)................................................................................... $66,405,611
Net Direct Debt Applicable to Statutory Margin................................................................. $88,508,814
(2)
(3)
Statutory Debt Margin.......................................................................................................... ($22,103,203)

(1) Excludes TIF incremental EAV.
(2) Pursuant to the Debt Reform Act, bonds issued as alternate revenue bonds (such as the 2020C Bonds and 2020E Bonds)
do not count against the District’s statutory debt limit, so long as the debt service levy for said alternate bonds is abated
annually.
(3) Pursuant to the School Code, bonds issued to pay claims against the District, such as the 2020B Bonds and 2020D
Bonds, may be issued in excess of the District’s statutory debt limit.

Debt Ratios

Estimated Market Valuation, 2019...................................................................................... $2,887,200,504
EAV (2019) ......................................................................................................................... $962,400,168
(1)
2015-2019 American Community Survey Population Estimate......................................... 68,811
Net Direct Debt to EAV........................................................................................................ 12.37%
Net Direct Debt to Estimated Market Valuation ................................................................. 4.12%
Net Direct Debt Per Capita .................................................................................................. $1,729.87

(1) Excludes TIF incremental EAV.

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