Page 104 - Southlake FY20 Budget

City Profile

Property Tax Supported Long-Term Debt as a % of Assessed Valuation

Desired Range
Long-Term Debt Debt as % of Assessed Valuation
3.50% $120,000,000

3.29%
3.00%
3.01% $100,000,000
2.79%
2.50% $80,000,000
Percentage of Valuation 2.00% 2.36% 2.07% 2.00%

1.71% $60,000,000 Dollars
1.50%
1.46% 1.49% 1.51% 1.49%
1.37%
$40,000,000
1.19%
1.00% 1.12%
0.92%
0.72% $20,000,000
0.50% 0.58%
0.44%
0.34%
0.00% $-
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fiscal Year
Warning Trend: Increasing net long-term debt as a Long-term debt
percentage of assessed valuation Assessed valuation

This chart shows the debt issued by Southlake that is supported by property tax revenues relative to the total assessed
valuation. Credit industry benchmarks state debt exceeding ten percent of assessed valuation as well as increasing long-
term debt as a percentage of assessed valuation are warning signals. Neither of these trends are reflected in this chart which
shows that the property tax supported long-term debt as a percentage of assessed valuation has been falling since 2002 and
remains well below the ten percent benchmark. The City has established its own target of two percent or below, as outlined
in the Financial Principles section of the Appendix, and since 2007, our debt as a percentage of assessed valuation has been
at or below two percent.

Debt as % Debt as %
Assessed Assessed
Fiscal Year Long-Term Debt of Assessed Fiscal Year Long-Term Debt of Assessed
Valuation Valuation
Valuation Valuation
2004 $104,384,962 $3,737,260,696 2.79% 2013 $87,681,533 $6,422,291,913 1.37%
2005 $92,345,898 $3,913,240,543 2.36% 2014 $79,129,909 $6,653,765,251 1.19%
2006 $86,977,885 $4,207,074,169 2.07% 2015 $75,779,902 $6,760,119,917 1.12%
2007 $91,759,026 $4,593,954,505 2.00% 2016 $67,555,109 $7,322,599,520 0.92%
2008 $87,122,650 $5,088,802,161 1.71% 2017 $59,439,993 $8,269,475,160 0.72%
2009 $88,846,144 $5,582,058,197 1.46% 2018 $50,477,189 $8,743,046,226 0.58%
2010 $93,169,077 $6,252,920,129 1.49% 2019 $43,475,681 $9,810,068,614 0.44%
2011 $93,402,615 $6,178,132,589 1.51% 2020 $36,272,575 $10,526,366,088 0.34%
2012 $95,940,907 $6,226,088,861 1.49%

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