Page 125 - Manfield FY21 Budget

Assessed Value x Legal Debt Limit (15% of Assessed Value)
- General Obligation Bonds and Certificates of Obligation
= Legal Debt Margin

The Assessed Taxable Valuation in FY 2019-2020 is $7,324,881,461

The Legal Debt Limit (15%) is $1,098,732,219

General Obligation Bonds and Certificates of Obligation is $152,745,000

The Legal Debt Margin is $945,987,219

CITY OF MANSFIELD, TEXAS
GENERAL FUND
SCHEDULE OF DEBT PAYMENTS

Fiscal Year Principal Interest Total
2020-2021 10,710,000 5,772,315 16,482,315
2021-2022 10,460,000 5,382,590 15,842,590
2022-2023 10,085,000 4,980,659 15,065,659
2023-2024 10,485,000 4,576,632 15,061,632
2024-2025 10,030,000 4,156,244 14,186,244
2025-2030 43,780,000 14,882,989 58,662,989
2030-2035 38,110,000 6,564,976 44,674,976
2035-2041 19,085,000 1,180,446 20,265,446
Total $ 152,745,000 $ 47,496,852 $ 200,241,852

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