City of Palm Desert Legal Debt Margin Information Last Ten Fiscal Years

Legal Debt Margin Calculation for Fiscal Year 2025

Assessed Value$ 20,494,234,987
Debt Limit (15% of Assessed Value) (1)3,074,135,248
Debt Applicable to Limit:
General Obligation Bonds926,000
Less: Amount set aside for repayment of general obligation debt-
Total Debt Applicable to Limit-
Legal debt margin$ 3,073,209,248

FISCAL YEAR

2016 2017 2018 2019 2020

Debt Limit 2,059,815,120 2,114,442,742 2,167,115,649 2,256,723,736 2,345,639,686

Total Net debt applicable to limit 1,451,000 1,410,000 1,368,000 1,310,000 1,178,000

Legal debt margin 2,058,364,120 2,113,032,742 2,165,747,649 2,255,413,736 2,344,461,686

Total net debt applicable to the limit as a percentage of debt limit 0.07% 0.07% 0.06% 0.06% 0.05%

FISCAL YEAR

2021 2022 2023 2024 2025

Debt Limit 2,432,559,897 2,513,282,720 2,692,646,137 2,899,106,873 3,074,135,248

Total Net debt applicable to limit 1,130,000 1,082,000 1,032,000 980,000 926,000

Legal debt margin 2,431,429,897 2,512,200,720 2,691,614,137 2,898,126,873 3,073,209,248

Total net debt applicable to the limit as a percentage of debt limit 0.05% 0.04% 0.04% 0.03% 0.03%

(1) Section 43605 of the California Government Code.

Source: California Municipal Statistic, Inc. San Francisco