Limitation of debt:
Four per cent of assessed valuation $29,279,678.40
Less water bonds authorized 2,000,000.00
-------------- 27,279,678.40
Outstanding bonds:
Public sewer $5,604,000.00
Public improvement 535,000.00
Public lighting 1,406,000.00
Public school 8,767,000.00
Public building 1,493,000.00
Boulevard improvement 700,000.00
Park improvement 650,000.00
Park and boulevard 497,000.00
Museum of art 50,000.00
Hospital 100,000.00
Library 750,000.00
Grade 150,000.00
Annexed district 484,756.63
Water bonds 1,947,000.00
------------- 23,133,756.63
Exempt from limitation:
School 8,767,000.00
Library 750,000.00
Annexed district 44,000.00
Water 1,947,000.00
------------- 11,508,000.00
-------------
11,625,756.63
June 1, 1916, sinking fund:
Cash 184,461.95
Securities 4,736,608.57
Annexed district 24,287.00
-------------
4,945,357.52
School and library
apportionment 1,046,485.09
------------- 3,898,872.43
-------------
Net debt under limitation 7,726,884.20
--------------
19,552,794.20