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CITY OF LINO LAKES, MINNESOTA
<br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT
<br />INCLUDING DEBT RATIOS
<br />December 31, 2004
<br />(Unaudited)
<br />Table 9
<br />Overlapping Debt:
<br />Bonded G.O. Percentage
<br />Gross Bonded Debt Applicable City Share
<br />Outstanding (1) in City(2) of Debt
<br />Anoka County $ 82,370,000 6.52% $ 5,367,291
<br />School District 12 89,085,000 48.62% 43,310,778
<br />School District 624 61,490,000 3.81% 2,345,315
<br />School District 831 44,880,000 7.95% 3,567,129
<br />SISD 916 13,885,000 2.11% 292,345
<br />Metropolitan Council 206,085,000 0.72% 1,489,985
<br />Total Overlapping Debt
<br />497,795,000 56,372,843
<br />Direct Debt:
<br />City of Lino Lakes 5,764,000 100.00% 5,764,000
<br />Total Overlapping & Direct Debt $ 503,559,000 $ 62,136,843
<br />Debt Ratios:
<br />Ratio of Debt per capita (19,000 population) - overlapping $ 2,967
<br />Ratio of Debt per capita (19,000 population) - direct $ 303
<br />Ratio of Debt per capita (19,000 population) - total $ 3,270
<br />Ratio of Debt to estimated market valuation of $1,430,803,500. 4.34%
<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 />91
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