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CITY OF LITTLE CANADA, MINNESOTA DIRECT AND OVERLAPPING DEBT DECEMBER 31, 2022 (102) City of Little Canada% of Debt Share ofNet Debt Applicable OverlappingOutstanding to City DebtCity of Little Canada Direct Debt 2,848,957$ 100.00% 2,848,957$ Overlapping:Ramsey County 178,807,840$ 2.0607% 3,929,584$ School Districts ISD No. 623 (Roseville) 133,937,381 15.3118% 20,508,279 ISD No. 624 (White Bear Lake) 361,997,169 1.2636% 4,574,361 Metro Council 1,584,874,568 0.3034% 4,809,265 Total Overlapping33,821,489 Total Direct and Overlapping Debt: 2,259,616,958$ 36,670,446$ Source: Ramsey County The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of the county’s taxable assessed value that is within the government’s boundaries and dividing it by the county’s total taxable assessed value.Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the government’s ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident and, therefore, responsible for repaying the debt of each overlapping government.