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CITY OF LITTLE CANADA, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br />As of December 31, 2019 <br />City of Little Canada <br />% of Debt Share of <br />Net Debt Applicable Overlapping <br />Outstanding to City Debt <br />City of Little Canada Direct Debt 3,773,104$ 100.00%3,773,104$ <br />Overlapping: <br />Ramsey County 175,477,000$ 2.0310%3,563,929$ <br />School Districts <br /> ISD No. 623 (Roseville)175,710,000 15.3001%26,883,808 <br /> ISD No. 624 (White Bear Lake)77,560,000 1.3178%1,022,084 <br />Metro Council 182,657,000 0.2945%537,868 <br />Total Overlapping 32,007,689 <br />Total Direct and Overlapping Debt:611,404,000$ 35,780,793$ <br />The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated <br />by determining the portion of the county’s taxable assessed value that is within the government’s boundaries and dividing it by the <br />county’s total taxable assessed value. <br />Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the <br />portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process <br />recognizes that, when considering the government’s ability to issue and repay long-term debt, the entire debt burden borne by the residents <br />and businesses should be taken into account. However, this does not imply that every taxpayer is a resident and, therefore, responsible for <br />repaying the debt of each overlapping government. 123