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Direct and Overlapping Bonded Debt <br /> The following table contains information on Stanton's direct and overlapping bonded indebtedness <br /> as of June 30, 1996. <br /> CITY OF STANTON <br /> Direct and Overlapping Bonded Debt <br /> 1995-96 Assessed Valuation: $903,107,526 (after deducting $146,686,587 redevelopment incremental <br /> valuation) <br /> OVERLAPPING TAX AND ASSESSMENT DEBT: % Applicable Debt 6/30/96 <br /> Orange County 0.568% $ 2,244 <br /> Metropolitan Water District 0.112 677.482 <br /> TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT $679,726 <br /> DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT: <br /> Orange County General Fund Obligations 0.568% $ 3,178,153 <br /> Orange County Pension Obligations 0.568 1,770,484 <br /> Orange County Teeter Plan Obligations 0.568 880,400 <br /> Orange County Transit Authority 0.568 119,848 <br /> Orange County Water District Certificates of Participation 0.884 1,821,526 <br /> Municipal Water District of Orange County Water Facilities Corporation 0.858 708,322 <br /> Coast Community College District Certificates of Participation 0.383 78,147 <br /> City of Stanton Certificates of Participation 100.000 125,000(1) <br /> Orange County Sanitation District No. 3 Certificates of Participation 2.872 3.643.981 <br /> TOTAL GROSS DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT $12,325,861 <br /> Less: Orange County Transit Authority(80% self-supporting) 95,878 <br /> Orange County Water District Certificates of Participation (100% self-supporting) 1,821,526 <br /> MWDOC Water Facilities Corporation(100% self-supporting) 708.322 <br /> TOTAL NET DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT $9,700,135 <br /> GROSS COMBINED TOTAL DEBT $13,005,587 (2) <br /> NET COMBINED TOTAL DEBT $10,379,861 <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($125,000) 0.01% <br /> Total Overlapping Tax and Assessment Debt 0.08% <br /> Gross Combined Total Debt 1.44% <br /> Net Combined Total Debt 1.15% <br /> STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30/95: $86,738 <br /> Source: California Municipal Statistics,Inc. <br /> B-97 <br />