Debt At A Glance: The City Of Woodcreek

In addition, the debt is shown for the City of Woodcreek only, and not for other political subdivisions that may have outstanding debt, taxing powers, and the same boundaries as the city…

NOTE: The data below is presented as of the dates indicated (August 31, 2016) and may not reflect debt, population or other data as of any subsequent date.   The Texas comptroller’s office compiles the financial data below directly provided by each government entity and publishes it in the last quarter of every year; therefore this is the most recent historical data available.  When the Texas comptroller’s office releases the latest round of data and financial reports, Corridor News will publish this important data you need to hold a government entity accountable.

It’s budget time again for Texas counties, cities and some school districts, and Corridor News wanted to share the most recent financial and debt information available for the City of Woodcreek, Hays County and additional local government and school districts.

Over the next week, Corridor will be sharing a series of articles of Debt at a Glance for Hays County, Kyle, Buda, Wimberley, Dripping Springs, Woodcreek, Mountain City, Hays and Niederwald including Hays CISD, San Marcos CISD, Wimberley ISD and Dripping Springs ISD.

There are multiple public hearings scheduled and coming up quickly. These meetings will allow residents to have a say on how much their city, county and school districts are spending, what they are spending on and how much they are in debt.

The data and graphics below come directly from the Texas Comptroller’s office.

DEBT AT A GLANCE — WOODCREEK, TEXAS

Woodcreek in Hays County was home to 1,582 Texans in 2016.
Its residents had a median income of $58,438 in 2011-2015.

The data on this page is provided as of the date indicated and may not reflect debt, population or other data as of any subsequent date.

In addition, the debt is shown for the City of Woodcreek only, and not for other political subdivisions that may have outstanding debt, taxing powers, and the same boundaries as the city. Debt of a controlled non-profit corporation is included as debt of its sponsoring city, even if non-recourse.

For more information on the types of debt, refer to our Debt Glossary.

Current Debt Obligations for City of Woodcreek

Debt Outstanding City of Woodcreek, Texas as of August 31, 2016

(1) Tax-supported debt is backed by a pledge of property taxes levied within the issuer’s boundaries. Some tax-supported debt may be secured by a combination of property taxes and other revenue sources. It generally must be voter-approved (with exceptions for COs, tax notes, school district maintenance tax notes, and certain county road bonds and contractual obligations for personal property.)

(2) Revenue-supported debt is secured by non-property tax revenue such as sales tax, tuition, admissions to athletic events, tolls, or water, gas, or electric municipal utility charges. As used in this site, it does not include debt that is also payable from property taxes. Revenue-supported debt generally does not require voter approval.

(3) Lease Purchase is financing the purchase of an asset over time through lease payments that include principal and interest. Lease purchases can be financed through a private vendor.

Source: Texas Bond Review Board

CABs Outstanding for City of Woodcreek, as of August 31, 2016

A Capital Appreciation Bond (CAB) is a debt instrument governments can use to fund buildings, parks, roads and other capital projects. For conventional bonds, principal and interest payments are made in installments, generally once a year for principal and twice a year for interest.

CABs, by contrast, require no payments of any kind until the date on which the debt becomes due, or the maturity date.

At that time, the full amount of the principal plus all of the compounded interest accrued, frequently referred to as the maturity amount, must be repaid to the investor as a single lump sum.

No CABs data available for the City of Woodcreek

 

City of Wooscreek Sales & Property Tax Rate

 

Source: Texas Bond Review Board


How City of Woodcreek Compares

Tax-Supported Debt Outstanding for Cities of Similar Size, as of August 31, 2016

Note: The table includes City of Woodcreek and nine cities with closest population numbers based on 2016 U.S. Census Bureau population data.

Tax-supported debt does not include revenue debt and lease-purchase obligations.

For cities with municipal gas and/or electric utilities, regional airports, or other capital assets not common to cities generally, Tax-Supported Outstanding Debt may include debt for infrastructure that in other cities is carried by private enterprises, a public facility corporation or not at all.

Source: Texas Bond Review Board, U.S. Census Bureau

z


Certificates Of Obligation Issuances

Certificates of Obligation (COs) allow certain cities, counties and hospital or health districts to issue debt without voter approval (unless a referendum is petitioned) and are backed by tax revenue, fee revenues or a combination of the two.

Note: Amounts are estimates and have not been adjusted for inflation or population growth. The Bond Review Board has reconciled Certificates of Obligation issuances from 2003 through 2016.

Source: Texas Bond Review Board


Most Recent Bond Election

City of Woodcreek had no recent bond elections. Visit the Texas comptroller’s bond election roundup to see all local bond election results from May 2013 or later.

Defeated Bonds

No data available.

Source: City of Woodcreek
Note: Does not reflect authorized but unissued debt, if any, approved at earlier elections.


Proposed Bond Issuances

No data available

Note: Reflects only referenda currently known and verified by the Comptroller’s office at this time.

For a full list statewide, see the Upcoming Bond Election Roundup.


City of Woodcreek Tax-Supported Debt Per Capita
Outstanding
at Fiscal Year End: 10-Year Trend

Per Capita: per unit of population — by or for each person
Use example: “the highest income per capita of any state”

Note: Reflects debt in 2016 dollars divided by estimated population in the relevant year. Some debt issued before 2003 may not be reflected.


Authorized But Unissued Tax-Supported Debt

After voters approve tax-supported debt for a local entity in an election, the entity applies to the Attorney General (OAG) to approve issuance before debt is issued.

Typically, the entity does not apply for the OAG to approve the total debt package at once, but rather over time so that it can manage the projects and reduce interest expense.

Authorized but unissued tax-supported debt totals are the remaining voter approved tax-supported debt that the entity has not issued yet and may be issued in the future.

No data available.

Source: Texas Bond Review Board
Note: Reflects authorized but unissued tax-supported debt as of August 31, 2016. Some debt authorized prior to 2003 but still unissued may not be reflected.

 


An Introduction to Understanding

Comprehensive Annual Financial Reports

When you’re ready to learn about a public entity’s fiscal health, you’ll find a great deal of information in comprehensive annual financial reports (CAFRs) and other yearly reports. Often posted online alongside other financial information, CAFRs report an entity’s accounting statements, debts and other key information for the past year.

But sometimes that information can be tricky to find – and tough to understand. Because of that, the comptroller’s office compiled some tips for locating an entity’s CAFRs and for understanding them. You’ll learn how all CAFRs have certain similarities and when and why different entities’ CAFRs will differ in key ways. Plus, they detail strategies for pinpointing the debt, expenditure and revenue information you need to hold a government entity accountable.

Note that the data in the following publications is presented as of the dates indicated in the publications and may not reflect debt, population or other data as of any subsequent date. For further or more current information, see the applicable entity’s website or its most recent filings at Electronic Municipal Market Access (EMMA®). The Comptroller does not control or guarantee the accuracy, completeness, or currency of any such site.

Read the Texas Comptroller’s Guide to Understanding Comprehensive Annual Reports (CAFRs)

To learn more about the finances of public pension plans that may operate in this jurisdiction, please visit our public pension search tool.

Read related reports

Aug. 7, 2018: Hays County Debt At A Glance

Aug. 7, 2018: Debt At A Glance: City of San Marcos

Aug. 7, 2018: Debt At A Glance: San Marcos CISD

Aug. 8, 2018: Debt At A Glance: How Much Debt Does The City Of Buda Have?

Aug. 8, 2018: Debt At A Glance: Live In Kyle? Find Out How Much Debt The City Has!

Aug. 8, 2018: Debt At A Glance: Does Hays CISD Have Any Debt? We’ve Got Your Answer!

Aug. 9, 2018: Debt At A Glance: City Of Wimberley’s Property Tax Rate At A Whopping $0.0!


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button