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Direct and Overlapping Bonded Debt
<br /> The following table contains information on Orange's direct and overlapping bonded
<br /> indebtedness as of June 30, 1996.
<br /> CITY OF ORANGE
<br /> Direct and Overlapping Bonded Debt
<br /> 1995-96 Assessed Valuation: $6,802,453,320 (after deducting $772,384,815 redevelopment incremental
<br /> valuation)
<br /> OVERLAPPING TAX AND ASSESSMENT DEBT: % Applicable Debt 6/30/96
<br /> Orange County 4.281% $ 16,910
<br /> Metropolitan Water District .846 5,117,412
<br /> City of Orange 1915 Act Bonds 100.000 20,197,750
<br /> East Orange County Water District 19.975 434,456
<br /> Irvine Ranch Water District, Improvement District No. 105 13.074 6,230,617
<br /> Irvine Ranch Water District, Improvement District No. 250 13.116 7,959,847
<br /> Orange Unified School District Community Facilities District No. 88-1 100.000 5,190,000
<br /> City of Orange 100.000 0 (1)
<br /> TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT $45,146,992
<br /> DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT:
<br /> Orange County General Fund Obligations 4.281% $23,953,651
<br /> Orange County Pension Obligations 4.281 13,344,091
<br /> Orange County Teeter Plan Obligations 4.281 6,635,550
<br /> Orange County Transit Authority 4.281 903,291
<br /> Orange County Water District Certificates of Participation 6.792 13,995,256
<br /> Municipal Water District of Orange County Water Facilities Corporation 6.502 5,367,726
<br /> Rancho Santiago Community College District Certificates of Participation 27.390 165,710
<br /> Saddleback Community College District Certificates of Participation .010 2,707
<br /> Orange Unified School District Certificates of Participation 56.877 7,132,376
<br /> City of Orange Certificates of Participation 100.000 13,360,000
<br /> Irvine Ranch Water District Certificates of Participation 1.562 937,200
<br /> Orange County Sanitation District No. 2 Certificates of Participation 16.970 22,796,642
<br /> Orange County Sanitation District No. 7 Certificates of Participation 9.588 2,682,653
<br /> Other County Sanitation Districts Certificates of Participation Various 59,137
<br /> TOTAL GROSS DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT $111,335,990
<br /> Less: Orange County Transit Authority (80% self-supporting) 722,633
<br /> Orange County Water District Certificates of Participation (100% self-supporting) 13,995,256
<br /> MWDOC Water Facilities Corporation(100% self-supporting) 5,367,726
<br /> TOTAL NET DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT $ 91,250,375
<br /> GROSS COMBINED TOTAL DEBT $156,482,982(2)
<br /> NET COMBINED TOTAL DEBT $136,397,367
<br /> (1) Excludes share of issue to be sold.
<br /> (2) Excludes tax and revenue anticipation notes,revenue,mortgage revenue and tax allocation bonds and non-bonded
<br /> capital lease obligations.
<br /> Ratios to Assessed Valuation:
<br /> Combined Direct Debt($13,360,000) 0.20%
<br /> Total Overlapping Tax and Assessment Debt 0.66%
<br /> Gross Combined Total Debt 2.30%
<br /> Net Combined Total Debt 2.01%
<br /> STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30/95: $0
<br /> Source: California Municipal Statistics,Inc.
<br /> B-57
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