Laserfiche WebLink
OFFICE OF THE STATE AUDITOR CITY: LINO LAKES -- <br />FUTURE SOLVENCY <br />15. INDICATOR: TREND IN OUTSTANDING BONDED INDEBTEDNESS <br />11/08/89 <br />METRO <br />AVERAGE <br />5 YEAR 5 YEAR <br />1984 1985 1986 1987 1988 % CHANGE % CHANGE <br />General Obligation $ 0 S 0 S 0$ 0 S 0 16.7% <br />Special Assessment 958,960 2,694,140 3,054,320 4,194,500 3,971,000 314.1% 13.3% <br />Tax Increment 0 0 0 0 0 .... 202.6% <br />G.O. Revenue 0 0 0 0 0 54.6% <br />Revenue 0 0 0 0 0 180.5% <br />All Other 0 0 0 0 0 .... 1,308.8% <br />TOTAL BONDED DEBT 958,960 2,694,140 3,054,320 4,194,500 3,971,000 314.1% 73.7% - <br />Per Capita 159.03 426.29 451.42 589.94 522.50 <br />As a % of Assessed Value 3.9% 10.5% 11.2% 14.0% 11.8% <br />16. INDICATOR: CURRENT OR CHANGE IN BOND RATING <br />1984 1985 1986 1987 1988 <br />RATING FIRM <br />Moody's A A A Baal Baal _, <br />Standard and Poor's <br />17. INDICATOR: TREND IN CURRENT DEBT SERVICE COSTS <br />(GOVERNMENTAL FUNDS) <br />METRO <br />AVERAGE <br />5 YEAR 5 YEAR <br />1984 1985 1986 1987 1988 % CHANGE % CHANGE <br />Debt Service Payments $ 195,180 S 194,299 S 357,366 S 731,181 S 2,365,910 <br />Percent Change 6.1% -0.5% 83.9% 104.6% 223.6% 1,112.2% 22.9% _ <br />Debt Service as a Percent <br />of Total Revenues 13.7% <br />12.1% 10.9% <br />23.2% 69.2% <br />18. INDICATOR: TREND IN GOVERNMENTAL FUND LIABILITIES <br />METRO <br />AVERAGE <br />5 YEAR 5 YEAR <br />1984 1985 1986 1987 1988 % CHANGE % CHANGE <br />Total Liabilities * $ 1,065,098 S 2,791,579 S 3,362,376 S 2,672,507 S 2,683,287 <br />Percent Change -12.8% 162.1% 20.4% -20.5% 0.4% 151.9% -39.5% <br />Liabilities as a Percent <br />of Current Expenditures 83.7% 236.1% 227.1% 163.8% 148.3% <br />NOTE: [ *] Due to a change in accounting principles the 1988 liabilities does not include special assessment bonded debt. <br />2-8 <br />