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CITY OF LINO LAKES, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT Table 11 <br />As of December 31, 2023 <br />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Outstanding Applicable*Debt <br />Overlapping debt: <br />Anoka County $34,695,000 6.1% $2,116,395 <br />ISD 12 (Centennial) 122,927,924 43.1% 52,981,935 <br />ISD 624 (White Bear Lake) 395,165,000 3.1% 12,250,115 <br />ISD 831 (Forest Lake) 172,245,000 7.1% 12,229,395 <br />Metropolitan Council 1,694,829,000 0.6% 10,168,974 <br />Total overlapping 89,746,814 <br />City of Lino Lakes direct debt 17,917,518 100% 17,917,518 <br />Total direct and overlapping debt $107,664,332 <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 />Source: Anoka County/City of Lino Lakes Official Statements <br />150 <br />157