Important Formulas for Chapter Three

For GO Bonds

Net Overall Debt Per Capita

or

Net Debt to Assessed Valuation

Net Debt to Estimated Real Valuation

                                

For Revenue Bonds

Debt Service Coverage Ratio

For Pensions

total pension liability – plan net position = net pension liability

For net OPEB obligation (NOO)

net OPEB obligation (NOO) = annual required contribution (ARC) – actual contribution