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CITY OF LINO LAKES, MINNESOTA
<br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT
<br />INCLUDING DEBT RATIOS
<br />December 31, 2002
<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 $ 93,445,000 6.13% $ 5,730,273
<br />School District 12 95,465,000 47.50% 45,344,015
<br />School District 624 37,710,000 3.87% 1,458,002
<br />School District 831 48,800,000 7.15% 3,487,970
<br />SISD 916 18,135,000 2.56% 464,905
<br />Metropolitan Council 221,700,000 0.59% 1,302,744
<br />Total Overlapping Debt
<br />515,255,000 57,787,909
<br />Direct Debt:
<br />City of Lino Lakes 6,244,450 100.00% 6,244,450
<br />Total Overlapping & Direct Debt $ 521,499,450 $ 64,032,359
<br />Debt Ratios:
<br />Ratio of Debt per capita (18,000 population) - overlapping $ 3,210
<br />Ratio of Debt per capita (18,000 population) - direct $ 347
<br />Ratio of Debt per capita (18,000 population) - total $ 3,557
<br />Ratio of Debt to estimated market valuation of $1,034,432,100 6.19%
<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 />92
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