Use Exhibit 13-3, City of Toledo, Ohio, Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita, Last 10 Fiscal Years.

Required
a. Prepare a vertical common-size statement. Use 1999 as the base. Include assessed value, net general bonded debt, and net bonded debt per capita.
b. Comment on significant items in the vertical common-sizeanalysis.

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EXHIBIT SCHEDULE 12, CITY OF TOLEDO, OHICo 13-3 Ratio of Net General Bonded Debt to Asses sed Value and Net Bonded Debt per Capita Last 10 Fiscal Years (1999-2008) Ratio of Net Bonded Debt Debt Service Net Generl to Assessed Less Balance in Net Bonded Gross General Bonded Debt2) Fiscal Assessed Debt Per Value2) Year Population 1999 332,943 313,619 313,619 313,619 313,619 313,619 313,619 313,619 313,619 313,619 Fund2M3) Bonded DebVal 3,472,027 4,084,141 4,025,806 4,009,940 4,411,593 4,423,240 4,369,616 4,813,232 4,592,047 4,297,595 127,636 126,046 123,810 127,805 125,978 127,241 128,474 126,683 131,821 136,904 Capita 380.28 398.22 392.93 406.83 401.60 405,63 409.53 403.80 420.14 436.24 1,023 126,613 124,890 123,231 127,590 125,949 127,203 128,436 126,638 131,763 136,814 3.7% 3.1% 3.1% 3.2% 2.9% 2.% 2.990 2.6% 2.9% 3.2% ,156 2001 2002 2003 2004 2005 579 215 29 38 2007 2008 45 58 90 "Souve: US. Bureau of the Census Amunts shwn im thousands ore City has paid its general bonded dett erv e fr the tax years shown fon curent mome tax revenues. The amount requred is transferred ite dett 보rv e finds from the capital impannent fund