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• <br /> . . <br /> . . . <br /> . • <br /> • <br /> ' - <br /> i• <br /> • <br /> . .____ ,__ .... . _• ._....,_-___ . _ .... . . .. _ <br /> - ' <br /> r . <br /> . .------- --------- <br /> 1 • . <br /> i . . . <br /> b(2) Funding and refunding bonds' . <br /> authorized but not yet issued $ -°- <br /> . - . <br /> b(3) The amount of money held in <br /> k sinking funds or otherwise for <br /> • the payment of any part of the <br /> 11 <br /> • principal of gross debt other than ' <br /> I : <br /> • debt incurred for water purposes or - <br /> sanitary sewer purposes (to the <br /> extent that the bonds are de- <br /> . <br /> • ductible under G.S. §159-55(b)) $ -0- <br /> • <br /> • <br /> b(4) Bonded debt included in gross- debt • <br /> • and incurred, or to be incurred, <br /> . $ 185,000 <br /> ' for water purposes <br /> b(5) Bonded debt included in gross debt <br /> ' .- • <br /> • . . <br /> and incurred, or to be incurred, <br /> for sanitary sewer system purposes <br /> to the extent that said debt is made <br /> . deductible by G.S. §159-55(b) $ <br /> • • <br /> b(6) Uncollected special assessments <br /> heretofore levied for local im- <br /> k <br /> b - - provements for which any part of <br /> the gross debt (that is not <br /> [ ' otherwise deducted) was or is to <br /> • . be incurred to the extent that <br /> • such assessments will be applied, <br /> when collected, to the payment of <br /> k any part of the gross debt $ -0- <br /> b(7) The amount, as estimated by the • <br /> • , of special <br /> assessments to be levied for <br /> [ <br /> r local improvements for which any <br /> • part of the gross debt (that is not <br /> . otherwise deducted) was or is to be <br /> • incurred, to the extent that the <br /> special assessments, when collected, <br /> • will be applied to the payment of any <br /> part of the gross debt $ 4'- <br /> 1 • (b) DEDUCTIONS, being the sum of b(1), <br /> •i b(2), b(3), b(4), b(5), b(6) and <br /> b(7) • t . 185,00(• $ OOOO.... <br /> (c) NET DEBT <br /> (c) NET DEBT, being the difference - <br /> between the GROSS DEBT (a) and <br /> the DEDUCTIONS (b) • - $ 6,558,325•' . <br /> • (d) APPRAISED. VALUE • <br /> • (d) APPRAISED VALUE of property subject • <br /> • to municipal taxation before the <br /> • application of any assessment ratio, <br /> being the value fixed in 1985 $ 2,075,076,133 <br /> 4- <br /> • • . <br /> -2- <br /> . - • <br /> . - <br />