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CITY OF LINO LAKES, MINNESOTA
<br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
<br />As of December 31, 2012
<br />Table 10
<br />Sources: Taxable value data used to estimate applicable percentages provided by the County Property Appraiser. Debt
<br />outstanding data provided by each governmental unit.
<br />Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This
<br />schedule 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 City's ability to issue and repay long-term debt,
<br />the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply
<br />that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
<br />Determined by ratio of net tax capacity (after fiscal disparities and tax increment adjustment)
<br />of property subject to taxation in overlapping unit to valuation of property subject to taxation in City.
<br />105
<br />Estimated
<br />Estimated
<br />Share of
<br />Debt
<br />Percentage
<br />Overlapping
<br />Outstanding
<br />Applicable
<br />Debt
<br />Overlapping:
<br />Anoka County
<br />$ 156,865,958
<br />6.6%
<br />$ 10,288,289
<br />ISD 12
<br />50,645,000
<br />46.5%
<br />23,534,395
<br />ISD 624
<br />92,180,000
<br />3.5%
<br />3,197,863
<br />ISD 831
<br />26,740,000
<br />7.6%
<br />2,043,174
<br />Metropolitan Council
<br />1,396,829,257
<br />0.6%
<br />8,274,700
<br />Anoka County Railroad Authority
<br />27,440,000
<br />6.6%
<br />1,799,697
<br />Total Overlapping
<br />49,13 8,118
<br />City of Lino Lakes Direct Debt
<br />$ 19,280,000
<br />100%
<br />19,280,000
<br />Total Direct and Overlapping Debt:
<br />$ 68,418,118
<br />Sources: Taxable value data used to estimate applicable percentages provided by the County Property Appraiser. Debt
<br />outstanding data provided by each governmental unit.
<br />Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This
<br />schedule 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 City's ability to issue and repay long-term debt,
<br />the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply
<br />that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
<br />Determined by ratio of net tax capacity (after fiscal disparities and tax increment adjustment)
<br />of property subject to taxation in overlapping unit to valuation of property subject to taxation in City.
<br />105
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