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CITY OF LITTLE CANADA, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br />As of December 31, 2023 <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 2,536,241$ 100.00%2,536,241$ <br />Overlapping: <br />Ramsey County 142,657,814 2.2748%3,245,153 <br />School Districts <br /> ISD No. 623 (Roseville)148,813,796 15.3906%22,903,402 <br /> ISD No. 624 (White Bear Lake)383,334,036 1.1102%4,255,856 <br />Metro Council 1,584,544,568 0.2912%4,614,038 <br />Total Overlapping 35,018,449 <br />Total Direct and Overlapping Debt:2,259,350,214$ 37,554,690$ <br />Source: Ramsey County <br />City's share of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were <br />determined by dividing the City Share of Overlapping Debt over the Net debt outstanding. <br />Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule <br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and <br />businesses of the City. This process recognizes that, when considering the government’s ability to issue and repay long-term <br />debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not <br />imply that every taxpayer is a resident and, therefore, responsible for repaying the debt of each overlapping government. <br />131