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CITY OF LINO LAKES, MINNESOTA
<br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT
<br />INCLUDING DEBT RATIOS
<br />December 31, 2003
<br />(Unaudited)
<br />Table 9
<br />Bonded G.O. Percentage
<br />Gross Bonded Debt Applicable City Share
<br />Overlapping Debt: Outstanding (1) in City(2) of Debt
<br />Anoka County $ 84,195,000 6.56% $ 5,526,000
<br />School District 12 92,545,000 48.54% 44,924,400,
<br />School District 624 35,385,000 3.85% 1,362,750
<br />School District 831 46,890,000 8.18% 3,837,656
<br />SISD 916 15,965,000 2.38% 379,835
<br />Metropolitan Council 198,050,000 0.64% 1,270,737
<br />Total Overlapping Debt
<br />473,030,000 57,301,378
<br />Direct Debt:
<br />City of Lino Lakes 6,030,000 100.00% 6,030,000
<br />Total Overlapping & Direct Debt $ 479,060,000 $ 63,331,378
<br />Debt Ratios:
<br />Ratio of Debt per capita (18,261 population) - overlapping $ 3,138
<br />Ratio of Debt per capita (18,261 population) - direct $ 330
<br />Ratio of Debt per capita (18,261 population) - total $ 3,468
<br />Ratio of Debt to estimated market valuation of $1,251,221,800 6.12%
<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 />89
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