02/10/2014

NUECES COUNTY HOSPITAL DISTRICT

Debt Obligation Funding Scenarios

NUECES COUNTY HOSPITAL DISTRICT

Tax Rate Impact -- Proposed Bond Obligation Amounts [25 YR]

CASE

=[D3]

=[K15]

=[J15]

=[G]

BOND OBLIGATION
AMOUNT

TAX RATE
INCREASE
[FYE 2016]

REQUIRED TAX
RATE

ANNUAL DEBT
SERVICE PAYMENT
[FYE 2016 - FYE 2040]

PRE- $

- $

[FYE 2016 - FYE 2040]

(0.0090) $

COMMENT

Existing Debt Paid

off in FYE 2015

150,000,000

0.0398

0.0488

$ 10,267,608

Refurbishment

200,000,000

0.0561

0.0651

$ 13,686,890

Refurbishment

250,000,000

0.0723

0.0813

$ 17,104,237

Refurbishment

240,000,000

0.0691

0.0781

$ 16,421,625

Replacement

320,000,000

0.0951

0.1040

$ 21,890,304

Replacement

400,000,000

0.1211

0.1301

$ 27,359,330

Replacement

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 2 of 9

Nueces_Co_Hospital_Tax_Rate_02_07_14.xls
Summary_02_08_14

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

PRE-2015

Series 2015 Issue:

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: __.__%

NAV Existing Debt

Growth
Service
$ 1,884,015 $
0.0%
1,889,415
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
$

3,773,430

Debt Obligations, Series 2015

Principal
Interest
Total
- $
- $
-

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
-0.0090 2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
$

- $

3,773,430

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 3 of 9

TaxRate_02_07_14_PRE
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

CASE A
Refurbishment

Series 2015 Issue: $ 150,000,000

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: 4.46%

NAV Existing Debt

Growth
Service
$ 1,884,015 $
0.0%
1,889,415
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
$

3,773,430

Debt Obligations, Series 2015

Principal
Interest
Total
- $
- $
1,030,000
9,235,301
10,265,301
3,585,000
6,682,441
10,267,441
3,625,000
6,643,006
10,268,006
3,725,000
6,541,506
10,266,506
3,910,000
6,355,256
10,265,256
4,110,000
6,159,756
10,269,756
4,315,000
5,954,256
10,269,256
4,530,000
5,738,506
10,268,506
4,755,000
5,512,006
10,267,006
4,995,000
5,274,256
10,269,256
5,245,000
5,024,506
10,269,506
5,505,000
4,762,256
10,267,256
5,780,000
4,487,006
10,267,006
6,070,000
4,198,006
10,268,006
6,375,000
3,894,506
10,269,506
6,690,000
3,575,756
10,265,756
7,025,000
3,241,256
10,266,256
7,380,000
2,890,006
10,270,006
7,745,000
2,521,006
10,266,006
8,055,000
2,211,206
10,266,206
8,390,000
1,878,938
10,268,938
8,735,000
1,532,850
10,267,850
9,095,000
1,172,531
10,267,531
9,470,000
797,363
10,267,363
9,860,000
406,725
10,266,725

$150,000,000

$106,690,211

$256,690,211

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
10,265,301
0.0488
0.0398 2016
10,267,441
0.0488
2017
10,268,006
0.0488
2018
10,266,506
0.0488
2019
10,265,256
0.0488
2020
10,269,756
0.0488
2021
10,269,256
0.0488
2022
10,268,506
0.0488
2023
10,267,006
0.0488
2024
10,269,256
0.0488
2025
10,269,506
0.0488
2026
10,267,256
0.0488
2027
10,267,006
0.0488
2028
10,268,006
0.0488
2029
10,269,506
0.0488
2030
10,265,756
0.0488
2031
10,266,256
0.0488
2032
10,270,006
0.0488
2033
10,266,006
0.0488
2034
10,266,206
0.0488
2035
10,268,938
0.0488
2036
10,267,850
0.0488
2037
10,267,531
0.0488
2038
10,267,363
0.0488
2039
10,266,725
0.0488
2040
2041
2042
2043
2044
$

- $ 260,463,641

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 4 of 9

TaxRate_02_07_14_A
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

CASE B
Refurbishment

Series 2015 Issue: $ 200,000,000

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: 4.46%

NAV Existing Debt

Debt Obligations, Series 2015
Growth
Service
Principal
Interest
Total
$ 1,884,015 $
- $
- $
0.0%
1,889,415
0.0%
1,395,000
12,291,838
13,686,838
0.0%
4,795,000
8,893,595
13,688,595
0.0%
4,845,000
8,840,850
13,685,850
0.0%
4,965,000
8,719,725
13,684,725
0.0%
5,215,000
8,471,475
13,686,475
0.0%
5,475,000
8,210,725
13,685,725
0.0%
5,750,000
7,936,975
13,686,975
0.0%
6,040,000
7,649,475
13,689,475
0.0%
6,340,000
7,347,475
13,687,475
0.0%
6,655,000
7,030,475
13,685,475
0.0%
6,990,000
6,697,725
13,687,725
0.0%
7,340,000
6,348,225
13,688,225
0.0%
7,705,000
5,981,225
13,686,225
0.0%
8,090,000
5,595,975
13,685,975
0.0%
8,495,000
5,191,475
13,686,475
0.0%
8,920,000
4,766,725
13,686,725
0.0%
9,365,000
4,320,725
13,685,725
0.0%
9,835,000
3,852,475
13,687,475
0.0%
10,325,000
3,360,725
13,685,725
0.0%
10,740,000
2,947,725
13,687,725
0.0%
11,180,000
2,504,700
13,684,700
0.0%
11,645,000
2,043,525
13,688,525
0.0%
12,125,000
1,563,169
13,688,169
0.0%
12,625,000
1,063,013
13,688,013
0.0%
13,145,000
542,231
13,687,231
0.0%
0.0%
0.0%
0.0%
$

3,773,430

$200,000,000

$142,172,245

$342,172,245

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
13,686,838
0.0651
0.0561 2016
13,688,595
0.0651
2017
13,685,850
0.0651
2018
13,684,725
0.0650
2019
13,686,475
0.0651
2020
13,685,725
0.0651
2021
13,686,975
0.0651
2022
13,689,475
0.0651
2023
13,687,475
0.0651
2024
13,685,475
0.0651
2025
13,687,725
0.0651
2026
13,688,225
0.0651
2027
13,686,225
0.0651
2028
13,685,975
0.0651
2029
13,686,475
0.0651
2030
13,686,725
0.0651
2031
13,685,725
0.0651
2032
13,687,475
0.0651
2033
13,685,725
0.0651
2034
13,687,725
0.0651
2035
13,684,700
0.0650
2036
13,688,525
0.0651
2037
13,688,169
0.0651
2038
13,688,013
0.0651
2039
13,687,231
0.0651
2040
2041
2042
2043
2044
$

- $ 345,945,675

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 5 of 9

TaxRate_02_07_14_B
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

CASE C
Refurbishment

Series 2015 Issue: $ 250,000,000

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: 4.46%

NAV Existing Debt

Debt Obligations, Series 2015
Growth
Service
Principal
Interest
Total
$ 1,884,015 $
- $
- $
0.0%
1,889,415
0.0%
1,765,000
15,337,729
17,102,729
0.0%
6,010,000
11,096,923
17,106,923
0.0%
6,075,000
11,030,813
17,105,813
0.0%
6,210,000
10,897,163
17,107,163
0.0%
6,520,000
10,586,663
17,106,663
0.0%
6,845,000
10,260,663
17,105,663
0.0%
7,185,000
9,918,413
17,103,413
0.0%
7,545,000
9,559,163
17,104,163
0.0%
7,925,000
9,181,913
17,106,913
0.0%
8,320,000
8,785,663
17,105,663
0.0%
8,735,000
8,369,663
17,104,663
0.0%
9,170,000
7,932,913
17,102,913
0.0%
9,630,000
7,474,413
17,104,413
0.0%
10,110,000
6,992,913
17,102,913
0.0%
10,615,000
6,487,413
17,102,413
0.0%
11,150,000
5,956,663
17,106,663
0.0%
11,705,000
5,399,163
17,104,163
0.0%
12,290,000
4,813,913
17,103,913
0.0%
12,905,000
4,199,413
17,104,413
0.0%
13,420,000
3,683,213
17,103,213
0.0%
13,975,000
3,129,638
17,104,638
0.0%
14,550,000
2,553,169
17,103,169
0.0%
15,150,000
1,952,981
17,102,981
0.0%
15,775,000
1,328,044
17,103,044
0.0%
16,420,000
677,325
17,097,325
0.0%
0.0%
0.0%
0.0%
$

3,773,430

$250,000,000

$177,605,933

$427,605,933

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
17,102,729
0.0813
0.0723 2016
17,106,923
0.0813
2017
17,105,813
0.0813
2018
17,107,163
0.0813
2019
17,106,663
0.0813
2020
17,105,663
0.0813
2021
17,103,413
0.0813
2022
17,104,163
0.0813
2023
17,106,913
0.0813
2024
17,105,663
0.0813
2025
17,104,663
0.0813
2026
17,102,913
0.0813
2027
17,104,413
0.0813
2028
17,102,913
0.0813
2029
17,102,413
0.0813
2030
17,106,663
0.0813
2031
17,104,163
0.0813
2032
17,103,913
0.0813
2033
17,104,413
0.0813
2034
17,103,213
0.0813
2035
17,104,638
0.0813
2036
17,103,169
0.0813
2037
17,102,981
0.0813
2038
17,103,044
0.0813
2039
17,097,325
0.0813
2040
2041
2042
2043
2044
$

- $ 431,379,363

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 6 of 9

TaxRate_02_07_14_C
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

CASE D
Replacement

Series 2015 Issue: $ 240,000,000

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: 4.46%

NAV Existing Debt

Debt Obligations, Series 2015
Growth
Service
Principal
Interest
Total
$ 1,884,015 $
- $
- $
0.0%
1,889,415
0.0%
1,690,000
14,733,057
16,423,057
0.0%
5,760,000
10,659,548
16,419,548
0.0%
5,825,000
10,596,188
16,421,188
0.0%
5,960,000
10,462,213
16,422,213
0.0%
6,260,000
10,164,213
16,424,213
0.0%
6,570,000
9,851,213
16,421,213
0.0%
6,900,000
9,522,713
16,422,713
0.0%
7,245,000
9,177,713
16,422,713
0.0%
7,605,000
8,815,463
16,420,463
0.0%
7,985,000
8,435,213
16,420,213
0.0%
8,385,000
8,035,963
16,420,963
0.0%
8,805,000
7,616,713
16,421,713
0.0%
9,245,000
7,176,463
16,421,463
0.0%
9,705,000
6,714,213
16,419,213
0.0%
10,195,000
6,228,963
16,423,963
0.0%
10,705,000
5,719,213
16,424,213
0.0%
11,240,000
5,183,963
16,423,963
0.0%
11,800,000
4,621,963
16,421,963
0.0%
12,390,000
4,031,963
16,421,963
0.0%
12,885,000
3,536,363
16,421,363
0.0%
13,415,000
3,004,856
16,419,856
0.0%
13,970,000
2,451,488
16,421,488
0.0%
14,545,000
1,875,225
16,420,225
0.0%
15,145,000
1,275,244
16,420,244
0.0%
15,770,000
650,513
16,420,513
0.0%
0.0%
0.0%
0.0%
$

3,773,430

$240,000,000

$170,540,629

$410,540,629

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
16,423,057
0.0781
0.0691 2016
16,419,548
0.0780
2017
16,421,188
0.0781
2018
16,422,213
0.0781
2019
16,424,213
0.0781
2020
16,421,213
0.0781
2021
16,422,713
0.0781
2022
16,422,713
0.0781
2023
16,420,463
0.0781
2024
16,420,213
0.0780
2025
16,420,963
0.0781
2026
16,421,713
0.0781
2027
16,421,463
0.0781
2028
16,419,213
0.0780
2029
16,423,963
0.0781
2030
16,424,213
0.0781
2031
16,423,963
0.0781
2032
16,421,963
0.0781
2033
16,421,963
0.0781
2034
16,421,363
0.0781
2035
16,419,856
0.0780
2036
16,421,488
0.0781
2037
16,420,225
0.0780
2038
16,420,244
0.0780
2039
16,420,513
0.0781
2040
2041
2042
2043
2044
$

- $ 414,314,059

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 7 of 9

TaxRate_02_07_14_D
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

CASE E
Replacement

Series 2015 Issue: $ 320,000,000

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: 4.46%

NAV Existing Debt

Debt Obligations, Series 2015
Growth
Service
Principal
Interest
Total
$ 1,884,015 $
- $
- $
0.0%
1,889,415
0.0%
2,280,000
19,608,893
21,888,893
0.0%
7,705,000
14,186,661
21,891,661
0.0%
7,790,000
14,101,906
21,891,906
0.0%
7,945,000
13,946,106
21,891,106
0.0%
8,340,000
13,548,856
21,888,856
0.0%
8,760,000
13,131,856
21,891,856
0.0%
9,195,000
12,693,856
21,888,856
0.0%
9,655,000
12,234,106
21,889,106
0.0%
10,140,000
11,751,356
21,891,356
0.0%
10,645,000
11,244,356
21,889,356
0.0%
11,180,000
10,712,106
21,892,106
0.0%
11,740,000
10,153,106
21,893,106
0.0%
12,325,000
9,566,106
21,891,106
0.0%
12,940,000
8,949,856
21,889,856
0.0%
13,585,000
8,302,856
21,887,856
0.0%
14,265,000
7,623,606
21,888,606
0.0%
14,980,000
6,910,356
21,890,356
0.0%
15,730,000
6,161,356
21,891,356
0.0%
16,515,000
5,374,856
21,889,856
0.0%
17,175,000
4,714,256
21,889,256
0.0%
17,885,000
4,005,788
21,890,788
0.0%
18,620,000
3,268,031
21,888,031
0.0%
19,390,000
2,499,956
21,889,956
0.0%
20,190,000
1,700,119
21,890,119
0.0%
21,025,000
867,281
21,892,281
0.0%
0.0%
0.0%
0.0%
$

3,773,430

$320,000,000

$227,257,592

$547,257,592

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
21,888,893
0.1040
0.0951 2016
21,891,661
0.1041
2017
21,891,906
0.1041
2018
21,891,106
0.1041
2019
21,888,856
0.1040
2020
21,891,856
0.1041
2021
21,888,856
0.1040
2022
21,889,106
0.1040
2023
21,891,356
0.1041
2024
21,889,356
0.1040
2025
21,892,106
0.1041
2026
21,893,106
0.1041
2027
21,891,106
0.1041
2028
21,889,856
0.1040
2029
21,887,856
0.1040
2030
21,888,606
0.1040
2031
21,890,356
0.1041
2032
21,891,356
0.1041
2033
21,889,856
0.1040
2034
21,889,256
0.1040
2035
21,890,788
0.1041
2036
21,888,031
0.1040
2037
21,889,956
0.1040
2038
21,890,119
0.1040
2039
21,892,281
0.1041
2040
2041
2042
2043
2044
$

- $ 551,031,022

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 8 of 9

TaxRate_02_07_14_E
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls

NUECES COUNTY HOSPITAL DISTRICT

Estimated Tax Rate Impact

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

CASE F
Replacement

Series 2015 Issue: $ 400,000,000

Term: 25-YEAR

=[E]+[F]

=[D]+[G]+[H]

=[I]

Collections Rate: 96.00%

Current Market Rates + 70 BPS

(NAV)
Net Assessed
FYE
Valuation
9/30
2014 $ 21,914,845,765
2015
21,914,845,765
2016
21,914,845,765
2017
21,914,845,765
2018
21,914,845,765
2019
21,914,845,765
2020
21,914,845,765
2021
21,914,845,765
2022
21,914,845,765
2023
21,914,845,765
2024
21,914,845,765
2025
21,914,845,765
2026
21,914,845,765
2027
21,914,845,765
2028
21,914,845,765
2029
21,914,845,765
2030
21,914,845,765
2031
21,914,845,765
2032
21,914,845,765
2033
21,914,845,765
2034
21,914,845,765
2035
21,914,845,765
2036
21,914,845,765
2037
21,914,845,765
2038
21,914,845,765
2039
21,914,845,765
2040
21,914,845,765
2041
21,914,845,765
2042
21,914,845,765
2043
21,914,845,765
2044
21,914,845,765

44

Total

45

(a)

Dated: 02/15/15 / TIC: 4.46%

NAV Existing Debt

Debt Obligations, Series 2015
Growth
Service
Principal
Interest
Total
$ 1,884,015 $
- $
- $
0.0%
1,889,415
0.0%
2,895,000
24,466,592
27,361,592
0.0%
9,635,000
17,726,165
27,361,165
0.0%
9,740,000
17,620,180
27,360,180
0.0%
9,930,000
17,430,250
27,360,250
0.0%
10,425,000
16,933,750
27,358,750
0.0%
10,945,000
16,412,500
27,357,500
0.0%
11,495,000
15,865,250
27,360,250
0.0%
12,070,000
15,290,500
27,360,500
0.0%
12,670,000
14,687,000
27,357,000
0.0%
13,305,000
14,053,500
27,358,500
0.0%
13,970,000
13,388,250
27,358,250
0.0%
14,670,000
12,689,750
27,359,750
0.0%
15,405,000
11,956,250
27,361,250
0.0%
16,175,000
11,186,000
27,361,000
0.0%
16,980,000
10,377,250
27,357,250
0.0%
17,830,000
9,528,250
27,358,250
0.0%
18,720,000
8,636,750
27,356,750
0.0%
19,660,000
7,700,750
27,360,750
0.0%
20,640,000
6,717,750
27,357,750
0.0%
21,465,000
5,892,150
27,357,150
0.0%
22,355,000
5,006,719
27,361,719
0.0%
23,275,000
4,084,575
27,359,575
0.0%
24,235,000
3,124,481
27,359,481
0.0%
25,235,000
2,124,788
27,359,788
0.0%
26,275,000
1,083,844
27,358,844
0.0%
0.0%
0.0%
0.0%
$

3,773,430

$400,000,000

$283,983,243

$683,983,243

Required
Less:
I&S Tax Marginal
Additional Total Net Tax
Rate I&S Tax FYE
Contribution
Supported
(a)
from District Debt Service Equivalent
Rate 9/30
$ 1,884,015
0.0090
2014
1,889,415
0.0090
2015
27,361,592
0.1301
0.1211 2016
27,361,165
0.1301
2017
27,360,180
0.1300
2018
27,360,250
0.1301
2019
27,358,750
0.1300
2020
27,357,500
0.1300
2021
27,360,250
0.1301
2022
27,360,500
0.1301
2023
27,357,000
0.1300
2024
27,358,500
0.1300
2025
27,358,250
0.1300
2026
27,359,750
0.1300
2027
27,361,250
0.1301
2028
27,361,000
0.1301
2029
27,357,250
0.1300
2030
27,358,250
0.1300
2031
27,356,750
0.1300
2032
27,360,750
0.1301
2033
27,357,750
0.1300
2034
27,357,150
0.1300
2035
27,361,719
0.1301
2036
27,359,575
0.1300
2037
27,359,481
0.1300
2038
27,359,788
0.1300
2039
27,358,844
0.1300
2040
2041
2042
2043
2044
$

- $ 687,756,673

Collection Rate - 96.0%

2/8/2014, 12:04 PM

Prepared by Estrada Hinojosa & Co., Inc.

Page 9 of 9

TaxRate_02_07_14_F
Nueces_Co_Hospital_Tax_Rate_02_07_14.xls