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CITY OF LINO LAKES, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION
<br />Last Ten Fiscal Years
<br />Legal Debt Margin Calculation for Fiscal Year 2024
<br />Debt limit:
<br />Market value $3,613,469,300
<br />Applicable percentage 3%
<br />Statutory debt limit 108,404,079
<br />Debt applicable to limit:
<br />Total bonded debt 16,942,509
<br />Less:
<br />Special assessment bonds (195,000)
<br />Utility revenue bonds (5,006,285)
<br />Total debt applicable to limit 11,741,224
<br />Legal debt margin $96,662,855
<br />Legal Debt Margin Calculation for Fiscal Years 2015 Through 2024
<br />Table 12
<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 />2015
<br />20,519
<br />50,830,982
<br />11,941,250
<br />38,889,732
<br />23.49%
<br />582
<br />2016
<br />20,803
<br />50,978,666
<br />10,122,081
<br />40,856,585
<br />19.86%
<br />487
<br />2017
<br />21,117
<br />54,252,514
<br />10,426,243
<br />43,826,271
<br />19.22%
<br />494
<br />2018
<br />21,347
<br />58,794,783
<br />14,497,838
<br />44,296,945
<br />24.66%
<br />679
<br />2019
<br />21,995
<br />65,496,045
<br />13,637,314
<br />51,858,731
<br />20.82%
<br />620
<br />2020
<br />21,399
<br />71,534,937
<br />13,217,152
<br />58,317,785
<br />18.48%
<br />618
<br />2021
<br />21,236
<br />76,205,334
<br />13,901,182
<br />62,304,152
<br />18.24%
<br />655
<br />2022
<br />21,658
<br />80,410,830
<br />12,287,889
<br />68,122,941
<br />15.28%
<br />567
<br />2023
<br />21,976
<br />100,724,793
<br />11,097,080
<br />89,627,713
<br />11.02%
<br />505
<br />2024
<br />22,322
<br />108,404,079
<br />11,741,224
<br />96,662,855
<br />10.83%
<br />526
<br />157
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