Total $216,655,845 $60,232,473 $156,423,372

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1 Overlapping Indebtedness - Laurel County Fiscal Year 2016 Issuer Issued Redeemed Outstanding Laurel County 1 General Obligation 2005 $2,280,000 $1,115,000 $1,165, REF $5,345,000 $1,460,000 $3,885, A-REF $6,665,000 $1,055,000 $5,610, B-REF $3,190,000 $100,000 $3,090, A $4,910,000 $75,000 $4,835, A - Estimated $24,975,000 $0 $24,975, B - Estimated $3,210,000 $0 $3,210,000 Revenue (100% AOC) 2008 $23,725,000 $17,665,000 $6,060, REF $9,295,000 $0 $9,295,000 Laurel County School District REF $7,610,646 $3,772,759 $3,837, $25,210,000 $24,055,000 $1,155, REF $3,550,000 $1,615,000 $1,935, REF $2,841,231 $827,815 $2,013, REF $2,280,000 $220,000 $2,060, BABS $6,176,714 $864,173 $5,312, REF $8,938,170 $2,821,332 $6,116, $7,246,636 $626,956 $6,619, REF $9,825,000 $1,600,000 $8,225, $17,700,000 $975,000 $16,725, A-REF $15,465,000 $155,000 $15,310, B-REF $11,811,856 $394,646 $11,417, $13,390,592 $356,832 $13,033,760 Cumberland Valley Area Development District 3 Annually Renewable 2001 $1,015,000 $477,958 $537,042 Total $216,655,845 $60,232,473 $156,423,372 1 Laurel County 2 As of June 30, represents District participation only 3 As reported by the Kentucky Department of Local Government on June 30, 2013

2 Overlapping Indebtedness - Laurel County Fiscal Year 2015 Issuer Issued Redeemed Outstanding Laurel County 1 General Obligation 2004B $3,625,000 $3,530,000 $95, $2,280,000 $890,000 $1,390, $1,875,000 $1,785,000 $90, REF $5,345,000 $1,195,000 $4,150, A-REF $6,665,000 $270,000 $6,395, B-REF $3,190,000 $70,000 $3,120, A $4,910,000 $0 $4,910, B $620,000 Revenue (100% AOC) 2008 $23,725,000 $6,340,000 $17,385,000 Laurel County School District REF $7,610,646 $3,485,646 $4,125, $25,210,000 $21,875,000 $3,335, REF $3,550,000 $1,180,000 $2,370, REF $2,841,231 $715,569 $2,125, REF $2,280,000 $190,000 $2,090, BABS $6,176,714 $687,089 $5,489, REF $8,938,170 $2,584,245 $6,353, $7,246,636 $415,257 $6,831, REF $9,825,000 $1,065,000 $8,760, $17,700,000 $500,000 $17,200, A-REF $15,465,000 $145,000 $15,320, B-REF $11,811,856 $229,446 $11,582,410 Cumberland Valley Area Development District 3 Annually Renewable 2001 $1,015,000 $477,958 $537,042 Total $171,285,253 $47,630,210 $124,275,043 1 FY2015 Audited Financial Statement 2 As of June 30, represents District participation only 3 As reported by the Kentucky Department of Local Government on June 30, 2013

3 Overlapping Indebtedness - Laurel County Fiscal Year 2014 Issuer Issued Redeemed Outstanding Laurel County 1 General Obligation 2004B $3,625,000 $3,440,000 $185, $2,280,000 $780,000 $1,500, $1,875,000 $245,000 $1,630, $5,345,000 $935,000 $4,410, A $6,665,000 $0 $6,665, B $3,190,000 $45,000 $3,145, C $1,815,000 $705,000 $1,110, A $4,910,000 $0 $4,910, B $940,000 $15,000 $925,000 Revenue (100% AOC) 2008 $23,725,000 $5,340,000 $18,385,000 Laurel County School District REF $7,610,646 $2,539,983 $5,070, $13,065,949 $7,995,286 $12,057, $25,210,000 $13,152,587 $18,830, REF $3,550,000 -$15,280,000 $2,775, REF $2,841,231 $66,231 $2,104, REF $2,280,000 $175,384 $2,150, BABS $6,176,714 $4,026,714 $5,489, REF $8,938,170 $3,448,545 $8,250, $7,246,636 -$1,003,982 $7,039, REF $9,825,000 $2,785,992 $9,825, $17,700,000 $7,875,000 $17,700,000 Cumberland Valley Area Development District 3 Annually Renewable 2001 $1,015,000 $380,000 $635,000 Total $159,829,346 $37,666,741 $134,791,942 1 FY 2014 Audited Financial Statement 2 As of June 30, represents District participation only 3 As reported by the Kentucky Department of Local Government on June 30, 2012

4 Overlapping Indebtedness - Laurel County Fiscal Year 2013 Issuer Issued Redeemed Outstanding Laurel County 1 General Obligation 2004 $6,110,000 $5,830,000 $280, $2,280,000 $675,000 $1,605, $1,875,000 $205,000 $1,670, B $3,190,000 $20,000 $3,170, C $1,815,000 $350,000 $1,465, A $4,910,000 $0 $4,910, B $940,000 $0 $940,000 Revenue (100% AOC) 2008 $23,725,000 $4,375,000 $19,350,000 Laurel County School District REF $7,610,646 $1,367,683 $6,242, $13,065,949 $6,822,986 $12,057, $25,210,000 $13,152,587 $19,855, REF $3,550,000 -$16,305,000 $2,775, REF $2,841,231 $66,231 $2,339, REF $2,280,000 -$59,631 $2,150, BABS $6,176,714 $4,026,714 $5,663, REF $8,938,170 $3,275,002 $6,818, $7,246,636 $428,021 $7,039,008 Cumberland Valley Area Development District 3 Annually Renewable 2001 $1,015,000 $335,000 $680,000 Total $122,779,346 $24,564,594 $99,010,797 1 FY 2013 Audited Financial Statement 2 As of June 30, represents District participation only 3 As reported by the Kentucky Department of Local Government on June 30, 2011

5 Overlapping Indebtedness - Laurel County Fiscal Year 2012 Issuer Issued Redeemed Outstanding Laurel County 1 General Obligation 2003 $8,125,000 $1,325,000 $6,800, $6,110,000 $4,660,000 $1,450, B $3,625,000 $450,000 $3,175, $2,280,000 $570,000 $1,710, $1,875,000 $165,000 $1,710, $5,345,000 $430,000 $4,915, B $3,190,000 $0 $3,190, C $1,815,000 $0 $1,815,000 Revenue (100% AOC) 2008 $23,725,000 $3,445,000 $20,280,000 Laurel County School District $3,626,313 $2,468,539 $1,157, REF $7,610,646 $1,167,648 $6,442, $13,065,949 $850,953 $12,214, $25,210,000 $4,370,000 $20,840, REF $3,550,000 $350,000 $3,200, REF $2,841,231 $399,877 $2,441, BABs $11,650,000 $1,380,000 $10,270, REF $2,280,000 $95,000 $2,185, BABS $6,176,714 $343,544 $5,833, REF $8,938,170 $184,928 $8,753,242 Cumberland Valley Area Development District 3 Annually Renewable 2001 $1,015,000 $290,000 $725,000 Total $142,054,023 $22,945,489 $119,108,534 1 FY 2013 Audited Financial Statement 2 As of June 30, represents District participation only 3 As reported by the Kentucky Department of Local Government on June 30, 2010

6 Laurel County, Kentucky Demographic/Economic Data FY 2015 Assessed Property Valuation Real Estate $2,330,546,045 $2,322,386,143 $2,265,044,184 $2,253,614,856 $2,242,967,028 Tangible $413,296,695 $415,726,602 $407,932,391 $413,470,652 $404,629,111 Motor Vehicle $370,018,978 $360,218,880 $353,530,859 $351,238,713 $337,023,793 Watercraft $16,120,646 $15,839,243 $15,938,978 $16,339,468 $16,543,920 Total $3,129,982,364 $3,114,170,868 $3,042,446,412 $3,034,663,689 $3,001,163,852 Increase/Decrease 0.51% 2.36% 0.26% 1.12% -0.87% Source: Kentucky Department of Revenue Tax Collections Tax Year Real Estate $1,427,533 $1,413,091 $1,389,733 $1,382,414 $1,368,560 Other $290,276 $305,126 $298,309 $300,459 $317,954 Gross Chargeable $1,717,809 $1,718,217 $1,688,042 $1,682,873 $1,686,514 Less Credits & Commissions $143,430 $150,219 $164,939 $164,276 $164,049 Taxes Due $1,574,379 $1,567,998 $1,523,103 $1,518,597 $1,522,465 Taxes Paid $1,571,575 $1,564,150 $1,508,909 $1,515,001 $1,519,089 Collection % 99.82% 99.75% 99.07% 99.76% 99.78% Refunds $2,827 $3,951 $14,194 $3,528 $4,737 Refunds Due ($23) ($103) $0 $68 ($1,361) Source: Sheriff's Tax Settlement Reports

7 Property Tax Rates Tax Year Tax Year Tax Year Tax Year Tax Year Real Documented Real Documented Real Documented Real Documented Real Documented Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft County Extension Services General Health Library Soil Conservation N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Totals: Schools East Bernstadt Ind Laurel County City London Special Bush Fire District N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Source: Kentucky Department of Revenue Note: All tax rates are expressed in terms of cents per $100 of the taxable value of properties subject to taxation. Occupational License Tax Collection History Fiscal Year $9,538,043 $8,931,032 $8,420,542 $7,828,342 $7,930,813 Source: Financial Statements

8 Net Debt Service Report Debt Service Structure Report - Laurel County Debt Service Structure Report - Laurel Heights Series Series Series Series Series Series Series Series Series Fiscal B REF 2012C REF 2013B REF Fiscal 2004B REF 2012A REF 2013A REF Year Lease Bonds Bonds Bonds Totals Year Bonds Bonds Bonds Bonds Bond Totals 2015 $178,038 $106,138 $387,200 $314,250 $985, $95,838 $44,840 $398,656 $450,356 $136,156 $1,125, $172,989 $110,638 $384,900 $316,200 $984, $97,019 $47,970 $398,406 $564,956 $136,156 $1,244, $172,722 $110,038 $382,500 $313,100 $978, $45,990 $397,719 $562,156 $211,156 $1,217, $167,369 $429,438 $596, $401,181 $564,256 $344,656 $1,310, $166,873 $432,000 $598, $398,763 $566,156 $350,456 $1,315, $166,215 $433,900 $600, $400,419 $561,819 $346,056 $1,308, $160,380 $430,575 $590, $401,228 $566,319 $346,656 $1,314, $159,446 $431,200 $590, $401,344 $565,444 $347,156 $1,313, $153,382 $430,613 $583, $400,538 $563,206 $347,269 $1,311, $152,228 $429,750 $581, $398,988 $565,694 $341,981 $1,306, $150,828 $432,600 $583, $401,563 $566,594 $341,400 $1,309, $148,798 $148, $397,800 $562,044 $340,400 $1,300, $ $398,100 $562,194 $343,969 $1,304, $ $397,800 $565,619 $341,319 $1,304, $ $563,394 $338,519 $901, $ $335,569 $335, $ $337,469 $337, $ $338,719 $338, $ $339,656 $339, $ $344,531 $344, $ $338,900 $338, $ $117,700 $117, $ $113,850 $113, $ $0 Totals: $192,856 $138,800 $5,592,503 $8,350,206 $6,879,700 $21,154, $ $ $0 Totals: $1,949,270 $3,776,888 $1,154,600 $943,550 $7,824,308 Note: Excludes the Series 2008 and 2015 REF Bonds. The Administrative Office of the Courts pays 100% of the net debt service.

9 Laurel County, Kentucky Demographic/Economic Data FY 2014 Assessed Property Valuation Real Estate $2,322,386,143 $2,265,044,184 $2,253,614,856 $2,242,967,028 $2,221,946,219 Tangible $415,726,602 $407,932,391 $413,470,652 $404,629,111 $463,193,016 Motor Vehicle $360,218,880 $353,530,859 $351,238,713 $337,023,793 $325,192,595 Watercraft $15,839,243 $15,938,978 $16,339,468 $16,543,920 $17,217,017 Total $3,114,170,868 $3,042,446,412 $3,034,663,689 $3,001,163,852 $3,027,548,847 Increase/Decrease 2.36% 0.26% 1.12% -0.87% 2.84% Source: Kentucky Department of Revenue Tax Collections Real Estate $1,413,091 $1,389,733 $1,382,414 $1,368,560 $240,542 Other $305,126 $298,309 $300,459 $317,954 $31,161 Gross Chargeable $1,718,217 $1,688,042 $1,682,873 $1,686,514 $271,703 Less Credits & Commissions $150,219 $164,939 $164,276 $164,049 $75,546 Taxes Due $1,567,998 $1,523,103 $1,518,597 $1,522,465 $196,157 Taxes Paid $1,564,150 $1,508,909 $1,515,001 $1,519,089 $195,710 Collection % 99.75% 99.07% 99.76% 99.78% 99.77% Refunds $3,951 $14,194 $3,528 $4,737 $447 Refunds Due ($103) $0 $68 ($1,361) ($501) Source: Sheriff's Tax Settlement Reports

10 Property Tax Rates Tax Year Tax Year Tax Year Tax Year Tax Year Real Documented Real Documented Real Documented Real Documented Real Documented Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft County Extension Services General Health Library Soil Conservation N/A N/A N/A N/A N/A N/A N/A N/A N/A Totals: Schools East Bernstadt Ind Laurel County City London Special Bush Fire District N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Source: Kentucky Department of Revenue Note: All tax rates are expressed in terms of cents per $100 of the taxable value of properties subject to taxation. Occupational License Tax Collection History Fiscal Year $8,931,032 $8,420,542 $7,828,342 $7,930,813 $6,155,611 Source: Financial Statements

11 Net Debt Service Report FY Series *Series Series Series Series Series Series Series Series Series Less Net Less Net Ending 2004B REF 2012A-REF 2012B-REF 2012C-REF 2013A-REF 2013B-REF AOC GO L. Heights Payment June 30 Bonds Lease Bonds Bonds Bonds Bonds Bonds Bonds Bonds Bonds Payments Amount Payments Amount 2014 $94,338 $178,379 $46,600 $1,793,799 $398,806 $180,356 $106,388 $381,638 $101,361 $21,998 ($1,793,799) $1,509,862 ($821,461) $978, $95,838 $178,346 $44,840 $1,795,024 $398,656 $450,356 $106,138 $387,200 $136,156 $314,250 ($1,795,024) $2,111,780 ($1,125,846) $985, $97,019 $173,176 $47,970 $1,795,024 $398,406 $564,956 $110,638 $384,900 $136,156 $316,200 ($1,795,024) $2,229,421 ($1,244,508) $984, $172,908 $45,990 $1,793,624 $397,719 $562,156 $110,038 $382,500 $211,156 $313,100 ($1,793,624) $2,195,567 ($1,217,021) $978, $167,503 $1,790,624 $401,181 $564,256 $429,438 $344,656 ($1,790,624) $1,907,034 ($1,310,094) $596, $167,000 $1,791,024 $398,763 $566,156 $432,000 $350,456 ($1,791,024) $1,914,375 ($1,315,375) $599, $166,262 $1,794,624 $400,419 $561,819 $433,900 $346,056 ($1,794,624) $1,908,456 ($1,308,294) $600, $155,485 $1,794,711 $401,228 $566,319 $430,575 $346,656 ($1,794,711) $1,900,263 ($1,314,203) $586, $154,747 $1,795,531 $401,344 $565,444 $431,200 $347,156 ($1,795,531) $1,899,891 ($1,313,944) $585, $153,774 $1,791,356 $400,538 $563,206 $430,613 $347,269 ($1,791,356) $1,895,399 ($1,311,013) $584, $157,468 $1,794,706 $398,988 $565,694 $429,750 $341,981 ($1,794,706) $1,893,881 ($1,306,663) $587, $155,790 $1,795,131 $401,563 $566,594 $432,600 $341,400 ($1,795,131) $1,897,947 ($1,309,556) $588, $148,975 $1,792,631 $397,800 $562,044 $340,400 ($1,792,631) $1,449,219 ($1,300,244) $148, $1,792,206 $398,100 $562,194 $343,969 ($1,792,206) $1,304,263 ($1,304,263) $ $1,789,088 $397,800 $565,619 $341,319 ($1,789,088) $1,304,738 ($1,304,738) $ $563,394 $338,519 $901,913 ($901,913) $ $335,569 $335,569 ($335,569) $ $337,469 $337,469 ($337,469) $ $338,719 $338,719 ($338,719) $ $339,656 $339,656 ($339,656) $ $344,531 $344,531 ($344,531) $ $338,900 $338,900 ($338,900) $ $117,700 $117,700 ($117,700) $ $113,850 $113,850 ($113,850) $ $0 $0 $ $0 $0 $0 Totals: $287,194 $2,129,814 $185,400 $26,899,103 $5,991,309 $8,530,563 $3,883,275 $1,536,238 $6,981,061 $965,548 ($26,899,103) $30,780,201 ($21,975,527) $8,804,674 *Estimated - Payments are due monthly.

12 Laurel County, Kentucky Demographic/Economic Data FY 2013 Assessed Property Valuation Real Estate $2,265,044,184 $2,253,614,856 $2,242,967,028 $2,221,946,219 $2,193,874,401 Tangible $407,932,391 $413,470,652 $404,629,111 $463,193,016 $425,727,330 Motor Vehicle $353,530,859 $351,238,713 $337,023,793 $325,192,595 $308,305,075 Watercraft $15,938,978 $16,339,468 $16,543,920 $17,217,017 $15,979,200 Total $3,042,446,412 $3,034,663,689 $3,001,163,852 $3,027,548,847 $2,943,886,006 Increase/Decrease 0.26% 1.12% -0.87% 2.84% 0.04% Source: Kentucky Department of Revenue Tax Collections Real Estate $1,389,733 $1,382,414 $1,368,560 $240,542 $1,316,125 Other $298,309 $300,459 $317,954 $31,161 $329,086 Gross Chargeable $1,688,042 $1,682,873 $1,686,514 $271,703 $1,645,211 Less Credits & Commissions $164,939 $164,276 $164,049 $75,546 $183,214 Taxes Due $1,523,103 $1,518,597 $1,522,465 $196,157 $1,461,997 Taxes Paid $1,508,909 $1,515,001 $1,519,089 $195,710 $1,459,231 Collection % 99.07% 99.76% 99.78% 99.77% 99.81% Refunds $14,194 $3,528 $4,737 $447 $2,705 Refunds Due $0 $68 ($1,361) ($501) ($61) Source: Sheriff's Tax Settlement Reports

13 Property Tax Rates Tax Year Tax Year Tax Year Tax Year Tax Year Real Documented Real Documented Real Documented Real Documented Real Documented Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft County Extension Services General Health Library Soil Conservation N/A N/A N/A N/A N/A N/A N/A Totals: Schools East Bernstadt Ind Laurel County City London Special Bush Fire District N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Source: Kentucky Department of Revenue Note: All tax rates are expressed in terms of cents per $100 of the taxable value of properties subject to taxation. Occupational License Tax Collection History Fiscal Year $8,420,542 $7,828,342 $7,930,813 $6,155,611 $6,176,462 Source: Financial Statements

14 Net Debt Service Report FY Series Series Series *Series Series Series Series Series Series Series Series Series Less Net Less Net Ending B REF 2012A-REF 2012B-REF 2012C-REF 2013A-REF 2013B-REF AOC GO L. Heights Payment June 30 Lease Bonds Bonds Lease Bonds Bonds Bonds Bonds Bonds Bonds Bonds Bonds Payments Amount Payments Amount 2013 $279,450 $322,455 $235,365 $183,314 $120,495 $1,791,349 $398,856 $198,392 $109,746 $382,391 ($1,791,349) $2,230,464 ($1,232,558) $997, $289,800 $94,338 $178,379 $46,600 $1,793,799 $398,806 $180,356 $106,388 $381,638 $101,361 $21,998 ($1,793,799) $1,799,662 ($821,461) $978, $95,838 $178,346 $44,840 $1,795,024 $398,656 $450,356 $106,138 $387,200 $136,156 $314,250 ($1,795,024) $2,111,780 ($1,125,846) $985, $97,019 $173,176 $47,970 $1,795,024 $398,406 $564,956 $110,638 $384,900 $136,156 $316,200 ($1,795,024) $2,229,421 ($1,244,508) $984, $172,908 $45,990 $1,793,624 $397,719 $562,156 $110,038 $382,500 $211,156 $313,100 ($1,793,624) $2,195,567 ($1,217,021) $978, $167,503 $1,790,624 $401,181 $564,256 $429,438 $344,656 ($1,790,624) $1,907,034 ($1,310,094) $596, $167,000 $1,791,024 $398,763 $566,156 $432,000 $350,456 ($1,791,024) $1,914,375 ($1,315,375) $599, $166,262 $1,794,624 $400,419 $561,819 $433,900 $346,056 ($1,794,624) $1,908,456 ($1,308,294) $600, $155,485 $1,794,711 $401,228 $566,319 $430,575 $346,656 ($1,794,711) $1,900,263 ($1,314,203) $586, $154,747 $1,795,531 $401,344 $565,444 $431,200 $347,156 ($1,795,531) $1,899,891 ($1,313,944) $585, $153,774 $1,791,356 $400,538 $563,206 $430,613 $347,269 ($1,791,356) $1,895,399 ($1,311,013) $584, $157,468 $1,794,706 $398,988 $565,694 $429,750 $341,981 ($1,794,706) $1,893,881 ($1,306,663) $587, $155,790 $1,795,131 $401,563 $566,594 $432,600 $341,400 ($1,795,131) $1,897,947 ($1,309,556) $588, $148,975 $1,792,631 $397,800 $562,044 $340,400 ($1,792,631) $1,449,219 ($1,300,244) $148, $1,792,206 $398,100 $562,194 $343,969 ($1,792,206) $1,304,263 ($1,304,263) $ $1,789,088 $397,800 $565,619 $341,319 ($1,789,088) $1,304,738 ($1,304,738) $ $563,394 $338,519 $901,913 ($901,913) $ $335,569 $335,569 ($335,569) $ $337,469 $337,469 ($337,469) $ $338,719 $338,719 ($338,719) $ $339,656 $339,656 ($339,656) $ $344,531 $344,531 ($344,531) $ $338,900 $338,900 ($338,900) $ $117,700 $117,700 ($117,700) $ $113,850 $113,850 ($113,850) $ $0 $0 $ $0 $0 $0 Totals: $279,450 $612,255 $522,559 $2,313,128 $305,895 $28,690,451 $6,390,166 $8,728,955 $3,993,021 $1,918,628 $6,981,061 $965,548 ($28,690,451) $33,010,665 ($23,208,085) $9,802,580 *Estimated - Payments are due monthly.

15 Laurel County, Kentucky Demographic/Economic Data FY 2012 Assessed Property Valuation Real Estate $2,253,614,856 $2,242,967,028 $2,221,946,219 $2,193,874,401 $2,136,329,826 Tangible $413,470,652 $404,629,111 $463,193,016 $425,727,330 $440,492,839 Motor Vehicle $351,238,713 $337,023,793 $325,192,595 $308,305,075 $348,610,711 Watercraft $16,339,468 $16,543,920 $17,217,017 $15,979,200 $17,329,565 Total $3,034,663,689 $3,001,163,852 $3,027,548,847 $2,943,886,006 $2,942,762,941 Increase/Decrease 1.12% -0.87% 2.84% 0.04% - Source: Kentucky Department of Revenue Tax Collections Tax Year Real Estate $1,382,414 $1,368,560 $240,542 $1,316,125 $1,286,332 Other $300,459 $317,954 $31,161 $329,086 $314,315 Gross Chargeable $1,682,873 $1,686,514 $271,703 $1,645,211 $1,600,647 Less Credits & Commissions $164,276 $164,049 $75,546 $183,214 $195,910 Taxes Due $1,518,597 $1,522,465 $196,157 $1,461,997 $1,404,737 Taxes Paid $1,515,001 $1,519,089 $195,710 $1,459,231 $1,400,645 Collection % 99.76% 99.78% 99.77% 99.81% 99.71% Refunds $3,528 $4,737 $447 $2,705 $4,368 Refunds Due $68 ($1,361) ($501) ($61) $945 Source: Sheriff's Tax Settlement Reports

16 Property Tax Rates Tax Year Tax Year Tax Year Tax Year Tax Year Real Documented Real Documented Real Documented Real Documented Real Documented Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft Estate Tangible Watercraft County Extension Services General Health Library Soil Conservation N/A N/A N/A N/A N/A Totals: Schools East Bernstadt Ind Laurel County City London Special Bush Fire District N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Source: Kentucky Department of Revenue Note: All tax rates are expressed in terms of cents per $100 of the taxable value of properties subject to taxation. Occupational License Tax Collection History Fiscal Year $7,828,342 $7,930,813 $6,155,611 $6,176,462 $6,605,094 Source: Financial Statements

17 Net Debt Service Report FY Series Series Series Series Series Series Series Series Series Series Series Less Net Less Net Ending 2003-REF B REF 2012A-REF 2012B-REF 2012C-REF AOC GO L. Heights Payment June 30 Bonds Lease Bonds Bonds Lease Bonds Bonds Bonds Bonds Bonds Bonds Payments Amount Payments Amount 2012 $369,881 $422,183 $445,553 $233,665 $183,112 $117,145 $1,795,761 $398,806 ($1,795,761) $2,170,344 ($1,171,799) $998, $279,450 $322,455 $235,365 $183,314 $120,495 $1,791,349 $398,856 $198,392 $109,746 $382,391 ($1,791,349) $2,230,464 ($1,232,558) $997, $323,275 $231,965 $178,379 $118,735 $1,793,799 $398,806 $180,356 $106,388 $381,638 ($1,793,799) $1,919,541 ($929,863) $989, $323,475 $233,465 $178,346 $116,975 $1,795,024 $398,656 $450,356 $106,138 $387,200 ($1,795,024) $2,194,611 ($1,199,453) $995, $323,035 $234,646 $173,176 $120,105 $1,795,024 $398,406 $564,956 $110,638 $384,900 ($1,795,024) $2,309,862 ($1,318,114) $991, $321,935 $230,609 $172,908 $118,125 $1,793,624 $397,719 $562,156 $110,038 $382,500 ($1,793,624) $2,295,989 ($1,308,609) $987, $231,390 $167,503 $116,078 $1,790,624 $401,181 $564,256 $429,438 ($1,790,624) $1,909,845 ($1,312,905) $596, $231,880 $167,000 $118,845 $1,791,024 $398,763 $566,156 $432,000 ($1,791,024) $1,914,644 ($1,315,644) $599, $231,985 $166,262 $116,495 $1,794,624 $400,419 $561,819 $433,900 ($1,794,624) $1,910,880 ($1,310,718) $600, $231,698 $155,485 $119,028 $1,794,711 $401,228 $566,319 $430,575 ($1,794,711) $1,904,332 ($1,318,272) $586, $231,115 $154,747 $116,443 $1,795,531 $401,344 $565,444 $431,200 ($1,795,531) $1,900,292 ($1,314,345) $585, $230,235 $153,774 $118,710 $1,791,356 $400,538 $563,206 $430,613 ($1,791,356) $1,897,075 ($1,312,689) $584, $229,050 $157,468 $115,830 $1,794,706 $398,988 $565,694 $429,750 ($1,794,706) $1,896,780 ($1,309,561) $587, $227,558 $155,790 $117,830 $1,795,131 $401,563 $566,594 $432,600 ($1,795,131) $1,901,934 ($1,313,544) $588, $230,625 $148,975 $114,710 $1,792,631 $397,800 $562,044 ($1,792,631) $1,454,154 ($1,305,179) $148, $228,250 $116,470 $1,792,206 $398,100 $562,194 ($1,792,206) $1,305,014 ($1,305,014) $ $225,625 $117,990 $1,789,088 $397,800 $565,619 ($1,789,088) $1,307,034 ($1,307,034) $ $227,625 $114,390 $563,394 $0 $905,409 ($905,409) $ $224,250 $115,670 $0 $339,920 ($339,920) $ $225,500 $116,710 $0 $342,210 ($342,210) $ $226,250 $117,510 $0 $343,760 ($343,760) $ $226,500 $118,034 $0 $344,534 ($344,534) $ $226,250 $118,281 $0 $344,531 ($344,531) $ $225,500 $113,406 $0 $338,906 ($338,906) $ $118,288 $0 $118,288 ($118,288) $ $117,803 $0 $117,803 ($117,803) $ $0 $0 $0 $ $0 $0 $0 $0 Totals: $369,881 $701,633 $2,059,728 $5,511,000 $2,496,239 $3,050,100 $30,486,213 $6,788,972 $8,728,955 $3,993,021 $1,918,628 ($30,486,213) $35,618,157 ($24,780,659) $10,837,498

HOW ARE YOUR TAX DOLLARS BEING USED

HOW ARE YOUR TAX DOLLARS BEING USED Property taxes are comprised of residential and commercial real property, business personal property, motor vehicles and represent over 55% of the general revenue for