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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 1995 <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 $100,383,798 5.04% $5,056,788 <br />School District 12 23,911,000 42.68% 10,205,519 <br />School District 624 47,966,717 2.27% 1,088,729 <br />School District 831 18,775,000 6.80% 1,276,837 <br />SISD 916 9,460,000 15.50% 1,466,262 <br />Metropolitan Council 386,585,000 0.44% 1,716,896 <br />Total Overlapping Debt 587,081,515 20,811,032 <br />Direct Debt: <br />City of Lino Lakes 1,341,000 100.00% 1,341,000 <br />Total Overlapping & Direct Debt $588,422,515 $22,152,032 <br />Debt Ratios: <br />Ratio of Debt per capita (12,266 population) - overlapping $1,697 <br />Ratio of Debt per capita (12,266 population) - direct $109 <br />Ratio of Debt per capita (12,266 population) - total $1,806 <br />Ratio of Debt to estimated market valuation of $501,825,800 4.41% <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 />120 <br />