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CITY OF LINO LAKES, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br />As of December 31, 2024 <br />Overlapping debt: <br />Anoka County <br />ISD 12 (Centennial) <br />ISD 624 (White Bear Lake) <br />ISD 831 (Forest Lake) <br />Metropolitan Council <br />Total overlapping <br />City of Lino Lakes direct debt <br />Total direct and overlapping debt <br />Debt <br />Outstanding <br />$26,490,000 <br />72,363,676 <br />423,440,000 <br />166,915,000 <br />191,435,000 <br />16,286,285 <br />Estimated <br />Percentage <br />Applicable* <br />Table 11 <br />Estimated <br />Share of <br />Overlapping <br />Debt <br />6.4% <br />$1,688,976 <br />43.3% <br />31,351,780 <br />3.6% <br />15,123,583 <br />6.8% <br />11,429,505 <br />0.6% <br />1,189,386 <br />60,783,229 <br />100% 16,286,285 <br />$77,069,514 <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 />156 <br />