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CITY OF LINO LAKES, MINNESOTA
<br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT
<br />INCLUDING DEBT RATIOS
<br />December 3 I, 2005
<br />(Unaudited)
<br />Table 9
<br />Bondcd G.O. Percentage
<br />Gross Bonded Debt Applicable City Share
<br />Overlapping Debt: Outstanding (1) in City(2) of Debt
<br />Anoka County $ 108,255,000 6.51% $ 7,044,334
<br />School District 12 84,945,000 49.32% 41,891,593
<br />School District 624 58,410,000 3.71% 2,167,236
<br />School District 831 76,915,000 7.85% 6,037,428
<br />SISD 916 13,560,000 2.68% 363,023
<br />Metropolitan Council 225,585,000 0.75% 1,687,585
<br />Total Overlapping Debt
<br />567,670,000 59,191,199
<br />Direct Debt:
<br />City of Lino Lakes 5,335,000 100.00% 5,335,000
<br />Total Overlapping & Direct Debt $ 573,005,000 $ 64,526,199
<br />Debt Ratios:
<br />Ratio of Debt per capita (19,285 population) - overlapping $ 3,069
<br />Ratio of Debt per capita (19,285 population) - direct $ 277
<br />Ratio of Debt per capita (19,285 population) - total $ 3,346
<br />Ratio of Debt to estimated market valuation of $1,534,933,700 4.20%
<br />(1) Does not include general obligation debt supported by utility revenues, tax or aid anticipation certificates,
<br />State -aid road or revenue debt.
<br />(2) 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 />95
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