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City of La Porte, Texas
<br />Debt Capacity Analysis - Interest and Sinking Fund Supported
<br />Last Revised:12/5/2016
<br />Base Case Study @ 10.5 Cent I & S Tax Rate
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<br />FiscalCurrently Outstanding I & S Tax Supported DebtFiscal
<br />YearNet TaxableTotalOtherTotalProjectedProjectedPrjctdYear
<br />EndingAssessedLT BondsCert ObligGen ObligCert ObligGen ObligCert ObligGO RefGO RefGO RefCert ObligOutstndngAvailableNetPrjctdCert ObligTotal NetTotal Ending
<br /> 9-30ValuationSer 2002Ser 2005Ser 2005Ser 2006Ser 2006Ser 2010Ser 2010Ser 2012Ser 2014Ser 2015Debt ServFundsDebt ServI & SSeries 2017Debt ServI & S 9-30
<br />2016$ 275,8052,639,625,327$ 39,824$ 404,338$ 155,949$ 72,365$ 549,619$ 349,156$ 147,289$ 241,859$ 568,539$ 2,804,742$ 75,000$ $ 0.10502,729,742
<br /> -$ 2,729,742$ 0.10502016
<br />2017 -3,018,139,000 38,276 408,250 155,949 74,305 548,369 336,789 146,754 285,519 544,263 2,538,474 75,000
<br /> 0.08292,463,474 657,500 0.10503,120,9742017
<br />2018 -3,093,592,475 - - - 71,435 549,769 323,773 190,556 496,391 543,913 2,175,837 50,000
<br /> 0.06982,125,837 676,263 0.09202,802,1002018
<br />2019 -3,170,932,287 - - - - 548,669 309,745 283,011 665,051 543,263 2,349,739 135,000 0.07092,214,739
<br /> 676,263 0.09262,891,0012019
<br />2020 -3,170,932,287 - - - - 546,969 215,475 279,115 699,045 547,238 2,287,841 75,000
<br /> 0.07082,212,841 676,263 0.09252,889,1042020
<br />2021 -3,170,932,287 - - - - 549,569 - 773,687 473,137 545,838 2,342,231
<br /> 75,000 0.07262,267,231 676,263 0.09422,943,4932021
<br />2022 -3,170,932,287 - - - - 547,331 - 768,210 476,246 544,138 2,335,925
<br /> 75,000 0.07242,260,925 676,263 0.09402,937,1872022
<br />2023 -3,170,932,287 - - - - 545,088 - 765,345 472,199 547,062 2,329,693
<br /> 75,000 0.07222,254,693 676,263 0.09382,930,9562023
<br />2024 -3,170,932,287 - - - - 546,591 - 758,976 473,419 544,612 2,323,598
<br /> 75,000 0.07202,248,598 676,263 0.09362,924,8612024
<br />2025 -3,170,932,287 - - - - 546,700 - 752,878 253,062 546,788 2,099,428
<br /> 75,000 0.06482,024,428 676,263 0.08652,700,6912025
<br />2026 -3,170,932,287 - - - - 545,700 - - - 545,255 1,090,955
<br /> 75,000 0.03251,015,955 676,263 0.05421,692,2182026
<br />2027 -3,170,932,287 - - - - - - - - 988,937 988,937
<br /> - 0.0317988,937 676,263 0.05331,665,2002027
<br />2028 -3,170,932,287 - - - - - - - - 986,062 986,062
<br /> - 0.0316986,062 676,263 0.05321,662,3252028
<br />2029 -3,170,932,287 - - - - - - - - 985,250 985,250
<br /> - 0.0315985,250 676,263 0.05321,661,5132029
<br />2030 -3,170,932,287 - - - - - - - - 710,500 710,500
<br /> - 0.0227710,500 676,263 0.04441,386,7632030
<br />2031 -3,170,932,287 - - - - - - - - - -
<br /> - -- 676,263 0.0217676,2632031
<br />2032 -3,170,932,287 - - - - - - - - - -
<br /> - -- 676,263 0.0217676,2632032
<br />2033 -3,170,932,287 - - - - - - - - - -
<br /> - -- 676,263 0.0217676,2632033
<br />2034 -3,170,932,287 - - - - - - - - - -
<br /> - -- 676,263 0.0217676,2632034
<br />2035 -3,170,932,287 - - - - - - - - - -
<br /> - -- 676,263 0.0217676,2632035
<br />2036 -3,170,932,287 - - - - - - - - - -
<br /> - -- 676,263 0.0217676,2632036
<br />$ 78,100275,805$ 812,588$ 311,897$ 218,105$ 6,024,372$ 1,534,938$ 4,865,821$ 4,535,928$ 9,691,658$ 28,349,212$ $ 27,489,212$ 13,506,488$ 40,995,700
<br />Notes:1. Assumed current tax rate collection ratio is 98.5%
<br />2. Using $2,650,000,000 Assessed Value for FYE 2016; assumes a growth rate of 2.5% per year for 4 years; at 0% thereafter.
<br />3. Series 2017 Debt Service figures are based on a $10,635,000 issue with a 20 year debt structure assuming 2.5% .
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