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CITY OF LINO LAKES, MINNESOTA
<br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
<br />As of December 31, 2017
<br />Table 11
<br />City of Lino Lakes direct debt $19,976,243 100% 19,976,243
<br />Total direct and overlapping debt $93,537,255
<br />*For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed
<br />property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable
<br />assessed value that is within the City's boundaries and dividing it by each unit'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
<br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses
<br />of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt
<br />burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer
<br />is a resident, and therefore responsible for repaying the debt, of each overlapping government.
<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 />154
<br />Estimated
<br />Estimated
<br />Share of
<br />Debt
<br />Percentage
<br />Overlapping
<br />Outstanding
<br />Applicable*
<br />Debt
<br />Overlapping debt:
<br />Anoka County
<br />$110,265,000
<br />6.2%
<br />$6,816,325
<br />ISD 12
<br />95,953,685
<br />44.2%
<br />42,382,122
<br />ISD 624
<br />88,915,000
<br />3.2%
<br />2,808,741
<br />ISD 831
<br />159,565,000
<br />7.2%
<br />11,467,589
<br />Metropolitan Council
<br />1,484,038,432
<br />0.6%
<br />8,469,233
<br />Rice Creek Watershed District
<br />343,818
<br />33.2%
<br />114,215
<br />Anoka County Railroad Authority
<br />24,310,000
<br />6.2%
<br />1,502,787
<br />Total overlapping
<br />73,561,012
<br />City of Lino Lakes direct debt $19,976,243 100% 19,976,243
<br />Total direct and overlapping debt $93,537,255
<br />*For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed
<br />property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable
<br />assessed value that is within the City's boundaries and dividing it by each unit'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
<br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses
<br />of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt
<br />burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer
<br />is a resident, and therefore responsible for repaying the debt, of each overlapping government.
<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 />154
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