|
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 2017
<br />Market value $1,808,417,118
<br />Applicable percentage 3%
<br />Debt limit 54,252,514
<br />Debt applicable to limit:
<br />Total bonded debt 19,976,243
<br />Less:
<br />Special assessment bonds (4,905,000)
<br />Tax abatement bonds (1,600,000)
<br />Tax increment bonds (1,625,000)
<br />Utility revenue bonds (1,420,000)
<br />10,426,243
<br />Legal debt margin $43,826,271
<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 />2008 19,987 $60,658,830 $3,804,000 $56,854,830 6.27% $190
<br />2009 20,305 64,036,746 3,642,000 60,394,746 5.69% 179
<br />2010 20,216 60,622,086 3,386,000 57,236,086 5.59% 167
<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 />Legal Debt Margin Calculation for Fiscal Years 2008 Through 2017
<br />155
|