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CITY OF LINO LAKES, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION Table 12
<br />Last Ten Fiscal Years
<br />Legal Debt Margin Calculation for Fiscal Year 2020
<br />Market value $2,384,497,900
<br />Applicable percentage 3%
<br />Debt limit 71,534,937
<br />Debt applicable to limit:
<br />Total bonded debt 24,132,152
<br />Less:
<br />Special assessment bonds (1,805,000)
<br />Tax abatement bonds (870,000)
<br />Tax increment bonds (1,020,000)
<br />Utility revenue bonds (7,220,000)
<br />13,217,152
<br />Legal debt margin $58,317,785
<br />Net Debt
<br />Net Debt Legal Amount of Debt Applicable
<br />Fiscal Debt Applicable to Debt Applicable to to Limit
<br />Year Population Limit Limit Margin Debt Limit Per Capita
<br />2011 20,505 54,123,645 2,961,000 51,162,645 5.47% 144
<br />2012 20,625 49,213,676 4,591,000 44,622,676 9.33% 223
<br />2013 20,833 45,595,717 4,280,000 41,315,717 9.39% 205
<br />2014 21,129 45,297,635 4,191,000 41,106,635 9.25% 198
<br />2015 20,519 50,830,982 11,941,250 38,889,732 23.49% 582
<br />2016 20,803 50,978,666 10,122,081 40,856,585 19.86% 487
<br />2017 21,117 54,252,514 10,426,243 43,826,271 19.22% 494
<br />2018 22,000 58,794,783 14,497,838 44,296,945 24.66% 659
<br />2019 21,650 65,496,045 13,637,314 51,858,731 20.82% 630
<br />2020 22,410 71,534,937 13,217,152 58,317,785 18.48% 590
<br />Legal Debt Margin Calculation for Fiscal Years 2011 Through 2020
<br />153
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