Page 125 - City of Mansfield FY22 Operarting Budget
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Legal Debt Limit (15% of Assessed Value)
- General Obligation Bonds and Certificates of Obligation
= Legal Debt Margin
The Assessed Taxable Valuation in FY 2021-2022 is $8,134,041,284
The Legal Debt Limit (15%) is $1,220,106,193
General Obligation Bonds and Certificates of Obligation is $151,135,000
The Legal Debt Margin is $1,068,971,193
CITY OF MANSFIELD, TEXAS
GENERAL FUND
SCHEDULE OF DEBT PAYMENTS
Fiscal Year Principal Interest Total
2022 10,810,000 5,600,032 16,410,032
2023 10,450,000 5,183,159 15,633,159
2024 10,860,000 4,769,907 15,629,907
2025 10,415,000 4,341,919 14,756,919
2026 9,700,000 3,914,635 13,614,635
2027-2031 44,665,000 13,835,113 58,500,113
2032-2036 38,335,000 5,562,466 43,897,466
2037-2041 15,900,000 793,034 16,693,034
Total $ 151,135,000 $ 44,000,265 $ 195,135,265
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