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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 1996 <br />(Unaudited) <br />Table 9 <br />Bonded Percentage <br />Gross Debt Applicable City Share <br />Overlapping Debt: Outstanding in City(1) of Debt <br />Anoka County $96,501,750 5.13% S4,950,540 <br />School District 12 59,682,000 43.82% 26,152,652 <br />School District 624 51,070,000 2.38% 1,215,466 <br />School District 831 18,210,000 6.65% 1,210,965 <br />SISD 916 329,750,000 1.98% 6,529,050 <br />Metropolitan Council 384,835,000 0.49% 1,885,692 <br />Total Overlapping Debt 940,048,750 41,944,365 <br />Direct Debt: <br />City of Lino Lakes 1,378,000 100.00% 1,378,000 <br />Total Overlapping & Direct Debt $941,426,750 $43,322,365 <br />Debt Ratios: <br />Ratio of Debt per capita (12,266 population) - overlapping $3,203 <br />Ratio of Debt per capita (12,266 population) - direct $105 <br />Ratio of Debt per capita (12,266 population) - total $3,308 <br />Ratio of Debt to estimated market valuation of $552696200 7.84% <br />(1) Determined by ratio of net tax capacity (after fiscal disparities and tax increment adjustment) <br />of property subject to taxation in overlapping unit to valuation of property subject to taxation in City. <br />124 <br />