Ratio of Net General Obligation Debt to Accessed Value and Net Debt per Capita

Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Ratio of Net General Obligation Debt to
Accessed Value and Net Debt per Capita
General and Urban Services Districts
Ten Year Summary

Unaudited - See Accompanying Accountants' Report

Fiscal Year Ending June 30	Population (1)	Assessed Valuation (in Thousands)		Gross Debt		Debt Service Monies Available		Debt Payable From Sources Other Than Property Taxes		Net Debt		Ratio of Net Debt to Assessed Valuation		Net Debt Per Capita

1990	510,800	$	5,985,357	$	495,816,644	$	49,829,545	$	52,395,428	$	393,591,671	6.58	%	$	770.54
1991	513,800		6,131,801		525,094,451		54,429,015		51,428,528		419,236,908	6.84			815.95
1992	516,000		5,974,950		499,840,219		66,756,578		49,043,316		384,040,325	6.43			744.26
1993	520,000		6,031,782		503,341,423		64,099,430		46,571,371		392,670,622	6.51			755.14
1994	523,000		7,645,927		473,283,540		77,566,919		43,981,255		351,735,366	4.60			672.53
1995	525,700		7,809,223		693,075,000		68,292,173		41,294,896		583,487,931	7.47			1,109.93
1996	530,000		7,949,117		733,955,000		70,330,323		40,711,969		622,912,708	7.84			1,175.31
1997	536,700		8,192,587		792,420,000		70,552,736		36,978,998		684,888,266	8.36			1,276.11
1998	538,800		10,647,934		908,095,000		79,899,351		39,815,699		788,379,950	7.40			1,463.21
1999	541,500		10,895,718		1,038,960,000		103,509,799		35,728,961		899,721,240	8.26			1,661.54

The following computation is an excerpt from the above schedule reflecting the Ratio of Net General Debt to Assessed Valuation and Net Debt per Capita for the Urban Services District.

URBAN SERVICES DISTRICT

Fiscal
Year
Ending
June 30

USD
Assessed
Valuation
(in Thousands)

Gross
Debt

Debt
Service
Monies
Available

Debt
Payable
From
Sources
Other Than
Property
Taxes

Net
Urban
Debt

Ratio
of Net
Debt to
Assessed
Valuation

1990

$

4,311,588

$

74,516,304

$

10,557,736

$

2,980,000

$

60,978,568

1.41

%

1991

4,561,480

79,105,104

9,690,990

2,585,000

66,829,114

1.47

1992

4,407,930

74,837,888

9,802,884

2,190,000

62,845,004

1.43

1993

4,438,091

75,064,178

8,582,754

1,830,000

64,651,424

1.46

1994

5,536,342

70,318,168

8,203,446

1,485,000

60,629,722

1.10

1995

5,542,873

65,402,384

8,111,557

1,190,000

56,100,827

1.01

1996

5,567,272

60,195,078

7,394,561

895,000

51,905,517

0.93

1997

5,691,540

54,916,711

7,500,546

625,000

46,791,165

0.82

1998

7,303,139

49,244,014

7,610,077

350,000

41,283,937

0.57

1999

7,491,537

43,983,233

7,518,805

250,000

36,214,428

0.48

(1) Source: Nashville Area Chamber of Commerce end of calendar year estimate. Population estimates are not available for the Urban Services District.

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URBAN SERVICES DISTRICT

Fiscal Year Ending June 30	USD Assessed Valuation (in Thousands)		Gross Debt		Debt Service Monies Available		Debt Payable From Sources Other Than Property Taxes		Net Urban Debt		Ratio of Net Debt to Assessed Valuation
1990	$	4,311,588	$	74,516,304	$	10,557,736	$	2,980,000	$	60,978,568	1.41	%
1991		4,561,480		79,105,104		9,690,990		2,585,000		66,829,114	1.47
1992		4,407,930		74,837,888		9,802,884		2,190,000		62,845,004	1.43
1993		4,438,091		75,064,178		8,582,754		1,830,000		64,651,424	1.46
1994		5,536,342		70,318,168		8,203,446		1,485,000		60,629,722	1.10
1995		5,542,873		65,402,384		8,111,557		1,190,000		56,100,827	1.01
1996		5,567,272		60,195,078		7,394,561		895,000		51,905,517	0.93
1997		5,691,540		54,916,711		7,500,546		625,000		46,791,165	0.82
1998		7,303,139		49,244,014		7,610,077		350,000		41,283,937	0.57
1999		7,491,537		43,983,233		7,518,805		250,000		36,214,428	0.48