3-Attachment A.pdf

A-48

Bonds and Notes Authorized, Outstanding and Unissued

The following table provides a summary of the City’s debt as of the Date of Issuance. Outstanding bonds and notes as of the Date of Issuance will total $977,231,891.*

Category of Indebtedness

Original Authorization (Adjusted for Refundings)

Outstanding Bonds & Notes

As of the Date of Issuance

General Obligation Not-Exempt from Direct Debt Limitations(a)

Property Tax Supported $916,970,766 $279,970,000 Property Tax Supported- Taxable 85,251,785 37,250,000

Total Non-Exempt GO Debt $968,972,551 $317,220,000

Exempt from Direct Debt Limitation(b) Emergency Financing Notes $0 $0 Energy Conservation Bonds & Notes 108,064,810 8,685,000 Energy Conservation Bonds-Taxable 6,632,625 5,610,000 Judgment Bonds 52,750,000 3,690,000 Judgment Bonds - Taxable 220,000,000 28,565,000 Municipal Income Tax Supported Bonds & Notes 36,809,021 5,605,000 Municipal Income Tax Supported Bonds & Notes- Taxable 181,994,861 12,440,000 Parking Bonds 6,060,000 600,000 Parking Bonds- Taxable 53,271,073 4,675,000 Police & Fire Disability & Pension Refunding Bonds 32,903,049 3,030,000 Police & Fire Disability & Pension Refunding Bonds- Taxable 26,031,646 18,680,000 Public Attraction Bonds & Notes 43,049,619 22,960,000 Public Attraction Bonds & Notes - Taxable 34,857,000 2,315,000 Sewer & Stormwater Bonds & Notes 45,812,753 26,010,000 Special Assessment Bonds 1,000,000 675,000 Tax Increment Financing Bonds & Notes 60,140,277 13,060,000 Tax Increment Financing Bonds & Notes - Taxable 164,502,047 11,885,681 Urban Redevelopment Bonds 4,450,000 3,275,000 Urban Renewal Bonds & Notes 3,970,917 430,000 Urban Renewal Bonds & Notes-Taxable 17,286,891 2,275,000

Total Exempt GO Debt $1,099,586,590 $174,465,681

Total General Obligation(c) $2,068,559,141 $491,685,681

Revenue (Exempt from Direct Debt Limitations)(d) Economic Development Revenue $130,042,203 $75,796,210 Economic Development Revenue Taxable 144,752,797 17,740,000 Water System Revenue 610,000,000 289,480,000 Water System Revenue Taxable 540,000,000 102,530,000

Total Revenue $1,424,795,000 485,546,210

TOTAL BONDS AND NOTES(e) $3,493,354,141 $977,231,891

* See Exhibit 1 hereto – “NOTES TO DEBT INFORMATION.”

(a) The outstanding amount in this category is referred to herein as “Non-Exempt GO Debt.”

(b) The outstanding amount in this category is referred to herein as “Exempt GO Debt.”

(c) The outstanding amount in this category is referred to herein as “General Obligation Debt,” which is the total of the Non-Exempt GO Debt and Exempt GO Debt.

(d) The outstanding amount in this category is referred to herein as “Revenue Debt.”

(e) The outstanding amount in this category is referred to herein as “Gross Indebtedness.”

Attachment A

A-49

Net General Tax Supported Bonds

The following Statement of Net General Tax Supported Bonded Indebtedness reflects the total Gross Indebtedness from both voted and unvoted issued bonds and notes. Certain obligations are exempt from the Direct Debt Limitations, including obligations which are self-supporting from their respective revenue sources. Revenue sources have been, and are expected to be, sufficient to pay principal and interest on all self-supported debt. Net General Tax Supported Debt represents the outstanding debt serviced exclusively by real and personal property ad valorem taxes.

Statement of Net General Tax Supported Bonded Indebtedness (As of the Date of Issuance)*

Voted General Obligation Bonds $0 Unvoted General Obligation Bonds and Notes 491,685,681 Revenue Bonds 485,546,210 Gross Indebtedness $977,231,891

LESS

Total Exempt GO Debt and Revenue Debt (Debt service not paid from property taxes) $660,011,891 Bond Retirement Unreserved Fund Balance as of 10/31/2024 98,949,789 Total Deductions $758,961,680

Net General Tax Supported Bonded Indebtedness $218,270,211 (Equal to Gross Indebtedness less Total Deductions)

* See Exhibit 1 hereto – “NOTES TO DEBT INFORMATION.”

Applicable Debt Limitations

Section 133.05 of the Ohio Revised Code provides that the principal amount of both voted and unvoted debt of the City may not exceed 10-1/2% of the City’s assessed valuation and the principal amount of the City’s unvoted debt may not exceed 5-1/2% of the City’s assessed valuation. Such debt limitations are referred to together herein as the “Direct Debt Limitations.” These Direct Debt Limitations have been increased several times in the past. There are exemptions of certain debt from the Direct Debt Limitations listed in Ohio Revised Code Section 133.04 and 133.05.

The kinds of debt that are exempt include debt issued for water works, voted urban redevelopment bonds not exceeding two percent of total assessed property valuation, debt covenanted by appropriations annually from lawfully available municipal income taxes, recreational facilities, off-street parking and urban redevelopment, as well as debt (not heretofore incurred by the City) for certain other purposes.

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A-50

The following table reflects the status of the statutory limitations as of the Date of Issuance and includes Gross Indebtedness of $977,231,891.*

Statutory Debt Limitation Worksheet (As of the Date of Issuance)

Assessed Valuation

$8,232,911,120

Overall Debt Limitation- 10-1/2% of Assessed Valuation $864,455,668 Gross Indebtedness $977,231,891 Less: Debt Outside Limitations:

Self-Supporting and Revenue Debt $660,011,891 Urban Redevelopment Bonds – Voted 0 (660,011,891)

Total bonds and notes subject to 10-1/2% Limitation (317,220,000) Bond Retirement Funds applicable to the principal thereof as of 10/31/2024 98,949,789 Legal Debt Margin within 10-1/2% Limitation $646,185,457

Unvoted Debt Limitation – 5-1/2% of Assessed Valuation $452,810,112 Gross Indebtedness $977,231,891 Less Debt Outside Limitations:

Energy Conservation Bonds & Notes $8,685,000 Energy Conservation Bonds-Taxable 5,610,000 Judgment Bonds 3,690,000 Judgment Bonds - Taxable 28,565,000 Municipal Income Tax Supported Bonds & Notes 5,605,000 Municipal Income Tax Supported Bonds & Notes- Taxable 12,440,000 Parking Bonds 600,000 Parking Bonds- Taxable 4,675,000 Police & Fire Disability & Pension Refunding Bonds 3,030,000 Police & Fire Disability & Pension Refunding Bonds- Taxable 18,680,000 Public Attraction Bonds & Notes 22,960,000 Public Attraction Bonds & Notes- Taxable 2,315,000 Sewer & Stormwater Bonds & Notes 26,010,000 Special Assessment Bonds 675,000 Tax Increment Financing Bonds & Notes 13,060,000 Tax Increment Financing Bonds & Notes - Taxable 11,885,681 Urban Redevelopment Bonds 3,275,000 Urban Renewal Bonds & Notes 430,000 Urban Renewal Bonds & Notes-Taxable 2,275,000 Economic Development Revenue Bonds and Notes 75,796,210 Economic Development Revenue Bonds and Notes- Taxable 17,740,000 Water System Revenue Bonds 289,480,000 Water System Revenue Bonds - Taxable 102,530,000 (660,011,891)

Total bonds and notes subject to 5-1/2% Limitation (317,220,000) Bond Retirement Funds applicable to the principal thereof as of 10/31/2024 98,949,789 Legal Debt Margin Within 5-1/2% Limitation $234,539,901

* See Exhibit 1 hereto – “NOTES TO DEBT INFORMATION.”

A-54

General Obligation Debt Pay-Out Ratio (As of the Date of Issuance)*

As of the Date of Issuance, the FY 2025 outstanding General Obligation debt balance will be $491,685,681. Of the $491,685,681, 46% will be retired by June 30, 2029; 77% will be retired by June 30, 2034; 96% will be retired by June 30, 2039; and the balance will be retired by December 1, 2044.

GENERAL OBLIGATION REVENUE TOTALS

FY

Year Maturing Interest Cost

Debt Service Requirement

Outstanding Debt

End of Year Maturing Interest Cost Debt Service Requirement

Outstanding Debt

End of Year Maturing Interest Cost Debt Service Requirement

Outstanding Debt

End of Year 2025 $51,495,000 17,929,113 69,424,113 491,685,681 32,926,683 17,431,551 50,358,234 485,452,583 84,421,683 35,664 119,782,347 977,138,264 2026 54,905,681 16,719,119 71,624,801 436,780,000 34,334,001 15,968,159 50,302,160 451,118,582 89,293,682 32,687,278 121,926,961 887,898,582 2027 50,105,000 14,290,509 64,395,509 386,675,000 29,601,389 14,581,988 44,183,377 421,517,193 79,706,389 28,872,497 108,578,886 808,192,193 2028 48,105,000 12,218,395 60,323,395 338,570,000 30,993,849 13,318,765 44,312,614 390,523,344 79,098,849 25,537,160 104,636,009 729,093,344 2029 45,260,000 10,434,062 55,694,062 293,310,000 32,231,383 12,076,479 44,307,862 358,291,961 77,491,383 22,510,541 100,001,924 651,601,961 2030 40,160,000 8,817,541 48,977,541 253,150,000 33,338,994 10,855,470 44,194,464 324,952,967 73,498,994 19,673,011 93,172,005 578,102,967 2031 34,080,000 7,463,000 41,543,000 219,070,000 33,976,684 9,700,552 43,677,236 290,976,283 68,056,684 17,163,552 85,220,236 510,046,283 2032 33,130,000 6,298,066 39,428,066 185,940,000 35,114,455 8,579,116 43,693,571 255,861,828 68,244,455 14,877,182 83,121,637 441,801,828 2033 31,945,000 5,161,274 37,106,274 153,995,000 31,332,310 7,492,734 38,825,044 224,529,518 63,277,310 12,654,008 75,931,318 378,524,518 2034 28,270,000 4,184,884 32,454,884 125,725,000 22,445,251 6,619,276 29,064,527 202,084,267 50,715,251 10,804,160 61,519,411 327,809,267 2035 28,095,000 3,365,171 31,460,171 97,630,000 20,658,281 5,912,591 26,570,872 181,425,985 48,753,281 9,277,762 58,031,043 279,055,986 2036 27,090,000 2,545,139 29,635,759 70,540,000 19,936,403 5,247,296 25,183,699 161,489,582 47,026,403 7,792,435 54,818,838 232,029,583 2037 20,765,000 1,828,759 22,593,759 49,775,000 20,204,619 4,587,588 24,792,207 141,284,963 40,969,619 6,416,347 47,385,966 191,059,964 2038 14,050,000 1,304,832 15,354,832 35,725,000 16,432,932 3,990,683 20,423,615 124,852,031 30,482,932 5,295,515 35,778,447 160,577,032 2039 11,895,000 893,953 12,788,953 23,830,000 14,921,346 3,495,490 18,416,836 109,930,686 26,816,346 4,389,443 31,205,789 133,760,686 2040 9,700,000 572,821 10,272,821 14,130,000 10,819,862 3,098,721 13,918,583 99,110,823 20,519,862 3,671,542 24,191,404 113,240,824 2041 8,015,000 330,184 8,345,184 6,115,000 11,163,485 2,761,859 13,925,344 87,947,338 19,178,485 3,092,043 22,270,528 94,062,339 2042 3,395,000 164,759 3,559,759 2,720,000 10,542,217 2,420,646 12,962,863 77,405,121 13,937,217 2,585,405 16,522,622 80,125,122 2043 900,000 90,800 990,800 1,820,000 10,281,062 2,096,400 12,377,463 67,124,059 11,181,062 2,187,200 13,368,263 68,944,060 2044 900,000 54,800 954,800 920,000 10,615,024 1,767,076 12,382,099 56,509,035 11,515,024 1,821,876 13,336,899 57,429,036 2045 920,000 18,400 938,400 0 10,894,035 1,422,564 12,316,599 45,615,000 11,814,035 1,440,964 13,254,999 45,615,000 2046 11,975,000 1,076,490 13,051,490 33,640,000 11,975,000 1,076,490 13,051,490 33,640,000 2047 7,800,000 799,207 8,599,207 25,840,000 7,800,000 799,207 8,599,207 25,840,000 2048 6,150,000 608,000 6,758,000 19,690,000 6,150,000 608,000 6,758,000 19,690,000 2049 6,320,000 436,900 6,756,900 13,370,000 6,320,000 436,900 6,756,900 13,370,000 2050 6,495,000 261,025 6,756,025 6,875,000 6,495,000 261,025 6,756,025 6,875,000 2051 3,395,000 129,438 3,524,438 3,480,000 3,395,000 129,438 3,524,438 3,480,000 2052 3,480,000 43,500 3,523,500 0 3,480,000 43,500 3,523,500 0

∗ See Exhibit 1 hereto – “NOTES TO DEBT INFORMATION.”

A-55

Debt Summary - General Obligation and Revenue Debt (As of the Date of Issuance)*

2025* 2024 2023 2022 2021 Gross Indebtedness $977,231,891 $1,025,542,441 $1,082,224,801 $1,173,511,137 $1,114,156,080 Population(a) 309,317 309,317 309,317 309,317 309,317 Total Assessed Valuation (AV) $8,232,911,120 $8,232,911,120 $6,677,417,930 $6,782,760,930 $6,652,064,300 Debt Per Capita (Est.) $3,159 $3,316 $3,499 $3,794 $3,602 Percent of Gross Indebtedness to AV 12% 15% 16% 17% 17%

Total Value of Property (Est.) $23,522,603,200 $23,522,603,200 $19,078,336,943 $19,379,316,943 $19,005,898,000(b) Percent of Gross Indebtedness to True Value 4.15% 4.36% 5.67% 6.06% 5.86%(b)

* See Exhibit 1 hereto – “NOTES TO DEBT INFORMATION.” Figures provided for 2025 are estimates as of the Date of Issuance.

General Note to Table and Footnote (b): The years listed in the column headings refer to the following, as applicable:

(i) the Fiscal Year of the City with respect to the data related to the debt of the City and (ii) the Collection Year of the County with respect to data related to the assessed valuation and total value of property located in the City.

(a) Source: U.S. Bureau of the Census, U.S. Commerce Department, 2020 Decennial Census.

(b) In FY 2024, the City corrected certain financial data which had been previously reported for FY 2021. The “Total Value of Property (Est.)” values were reported incorrectly in the City of Cincinnati’s “OFFICIAL STATEMENT DATED OCTOBER 21, 2021,” which also affected the “Percent of Total Debt to True Value” figures to be incorrect.

Following the corrections, the figures are now reported as follows:

As Reported

As Corrected

Total Value of Property (Est.) $22,273,719,600 $19,005,898,000 Percent of Total Debt to True Value 5.00% 5.86%

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A-56

City Debt Exempt from Direct Debt Limitations (Non-GAAP)(a) (As of the Date of Issuance)*

1 2 3 4 5 6 7 8 9

Sec. 133.04 (B)(1)

Special Assessment

Bonds

Sec. 133.04 (B)(3)

Emergency Financing

Notes

Sec. 133.04 (B)(4) Urban

Renewal Bonds

Sec. 133.04 (B)(5)

Judgment Bonds

Sec. 133.04 (B)(8)

TIF

Bonds and Notes

Sec. 133.05 (B)(1)(b)

Sewer Stormwater

Bonds

Sec. 133.05 (B)(1)(f) Parking Facilities

Bonds

Sec. 133.05 (B)(1)(i) Urban

Redevelopment Bonds

Sec. 133.05 (B)(1)(j) Public

Attraction Bonds

FY 2015 - - $14,510,000 $1,615,000 $94,435,000 $12,810,000 $4,200,000 $3,360,000 $14,995,000 FY 2016 - - 13,785,000 36,845,000 54,505,000 11,400,000 9,950,000 2,550,000 24,160,000 FY 2017 $1,000,000 - 12,465,000 35,615,000 50,862,124 15,160,000 9,940,000 6,330,000 34,450,000 FY 2018 965,000 - 11,145,000 34,355,000 59,618,181 17,850,000 9,320,000 5,775,000 32,490,000 FY 2019 930,000 - 9,710,000 33,085,000 51,890,000 21,065,000 8,700,000 5,205,000 30,490,000 FY 2020 890,000 $50,000,000 8,630,000 31,800,000 37,455,000 27,340,000 8,700,000 4,640,000 28,700,000 FY 2021 850,000 - 7,455,000 41,920,000 37,050,000 32,095,000 8,025,000 4,070,000 26,895,000 FY 2022 850,000 - 7,455,000 41,920,000 37,598,608 34,930,000 8,025,000 4,070,000 27,205,000 FY 2023 765,000 - 5,100,000 37,790,000 28,330,000 30,520,000 6,685,000 3,600,000 24,025,000 FY 2024 720,000 - 3,910,000 35,045,000 28,065,681 28,285,000 6,025,000 3,440,000 22,570,000 FY 2025* 675,000 - 2,705,000 32,255,000 24,945,681 26,010,000 5,275,000 3,275,000 25,275,000

10 11 12 13 14 15 16 17

Sec. 133.05 (B)(5)

Non-Tax Revenue Pledge

Bonds

Sec. 133.05 (B)(5)

Water System Revenue Pledge

Bonds(b)

Sec. 133.05 (B)(7)

Municipal Income Tax

Bonds and Notes

Sec. 133.05 (B)(10)

Police & Fire Pension

Bonds

Sec. 133.05 (B)(12) Energy

Conservation Bonds

Gross Exempt Debt(c)

Non-Exempt General

Obligation Bonds and Notes (d) Gross

Indebtedness FY 2015 $119,985,000 $450,965,000 $98,095,000 $35,920,000 $6,720,000 $857,610,000 $243,044,080 $1,100,654,080 FY 2016 127,040,000 473,480,000 111,435,000 31,600,000 13,890,000 910,640,000 270,615,000 1,181,255,000 FY 2017 128,871,620 524,960,000 110,627,000 30,325,000 13,055,000 973,660,744 265,226,000 1,238,886,744 FY 2018 131,609,365 505,685,000 108,133,000 29,035,000 12,135,000 958,115,546 258,686,000 1,216,801,546 FY 2019 133,575,228 485,970,000 108,918,000 27,725,000 11,335,000 928,598,228 263,166,000 1,191,764,228 FY 2020 126,739,153 444,600,000 106,565,000 30,385,000 10,990,000 917,434,153 280,375,000 1,197,809,153 FY 2021 120,081,080 421,950,000 99,410,000 28,650,000 10,130,000 838,581,080 275,575,000 1,114,156,080 FY 2022 115,511,276 492,665,000 100,736,580 28,650,000 10,130,000 909,746,464 333,334,000 1,243,080,464 FY 2023 107,598,700 444,640,000 21,805,000 25,220,000 18,625,000 754,703,700 327,521,101 1,082,224,801 FY 2024 99,434,267 418,945,000 20,100,000 23,500,000 16,110,000 706,242,441 317,960,000 1,024,202,441 FY 2025* 93,536,210 392,010,000 18,045,000 21,710,000 14,295,000 660,011,891 317,220,000 977,231,891

* See Exhibit 1 hereto – “NOTES TO DEBT INFORMATION.”

(a) This table was formerly entitled, “Schedule of Outstanding Bonds and Notes by Repayment Source, Non-GAAP” and “Schedule of Self-Supporting Debt (Non-GAAP)” in prior offering documents of the City.

(b) Includes crossover refunding of $77,935,000 in fiscal years 2017, 2018, and 2019.

(c) All of the Exempt Debt included in the debt categories listed above is secured by a general obligation pledge of the City, with the exception of the obligations listed in Columns 10 and 11.

(d) Refers to Non-Exempt GO Debt (see “Bonds and Notes Authorized, Outstanding and Unissued” herein).