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OFFICE OF THE STATE AUDITOR CITY: LINO LAKES <br />FUTURE SOLVENCY <br />15. INDICATOR: TREND IN OUTSTANDING BONDED INDEBTEDNESS <br />10/04/90 _ <br />METRO <br />AVERAGE <br />5 YEAR 5 YEAR - <br />1985 1986 1987 1988 1989 % CHANGE % CHANGE <br />General Obligation S 0 S 0$ 0 S 0$ 0 19.4% <br />Special Assessment 2,694,140 3,054,320 4,194,500 3,971,000 8,487,500 215.0% 9.5% <br />Tax Increment 0 0 0 0 0 69.4% <br />G.O. Revenue 0 0 0 0 0 .... 44.7% <br />Revenue 0 0 0 0 0 .... 115.7% <br />All Other 0 0 0 0 0 .... 1,106.9% <br />TOTAL BONDED DEBT 2,694,140 3,054,320 4,194,500 3,971,000 8,487,500 215.0% 46.1% <br />Per Capita 426.29 451.42 589.94 522.50 1,116.78 <br />As a % of Assessed Value 10.5% 11.2% 14.0% 11.8% .... <br />As a % of Tax Capacity .... .... .... 189.6% <br />16. INDICATOR: CURRENT OR CHANGE IN BOND RATING <br />1985 1986 1987 1988 1989 <br />RATING FIRM <br />Moody's A A Baal Baal Baa <br />Standard and Poor's <br />17. INDICATOR: TREND IN CURRENT DEBT SERVICE COSTS <br />(GOVERNMENTAL FUNDS) <br />5 YEAR <br />1985 1986 1987 1988 1989 % CHANGE % CHANGE <br />'Debt Service Payments S 194,299 S 357,366 S 731,181 S 2,365,910 S 513,384 <br />Percent Change -0.5% 83.9% 104.6% 223.6% -78.3% 164.2% 17.6% <br />METRO <br />AVERAGE <br />5 YEAR <br />Debt Service as a Percent <br />of Total Revenues 12.1% <br />10.9% 23.2% <br />69.2% 10.7% <br />18. INDICATOR: TREND IN GOVERNMENTAL FUND LIABILITIES <br />METRO <br />AVERAGE <br />5 YEAR 5 YEAR <br />1985 1986 1987 1988 1989 % CHANGE % CHANGE <br />Total liabilities • S 2,791,579 $ 3,362,376 S 2,672,507 S 2,683,287 S 2,227,340 <br />Percent Change 162.1% 20.4% -20.5% 0.4% -17.0% -20.2% -39.6% <br />Liabilities as a Percent <br />of Current Expenditures 236.1% 227.1% 163.8% 148.3% 98.1% <br />NOTE: 1) Due to a change in accounting principles beginning in 1988 the liabilities do not include special assessment <br />bonded debt. <br />2-8 <br />