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CITY OF LINO LAKES, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION Table 12
<br />Last Ten Fiscal Years
<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 />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 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 21,347 58,794,783 14,497,838 44,296,945 24.66% 679
<br />2019 21,995 65,496,045 13,637,314 51,858,731 20.82% 620
<br />2020 21,399 71,534,937 13,217,152 58,317,785 18.48% 618
<br />2021 21,236 76,205,334 13,901,182 62,304,152 18.24% 655
<br />2022 21,658 80,410,830 12,287,889 68,122,941 15.28% 567
<br />2023 21,976 100,724,793 11,097,080 89,627,713 11.02% 505
<br />2024 22,322 108,404,079 11,741,224 96,662,855 10.83% 526
<br />Legal Debt Margin Calculation for Fiscal Years 2015 Through 2024
<br />Legal Debt Margin Calculation for Fiscal Year 2024
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