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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 2001 <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 $ 103,700,000 5.89% $ 6,109,965 <br />School District 12 72,935,000 46.84% 34,165,432 <br />School District 624 41,765,000 3.16% 1,319,248 <br />School District 831 50,550,000 6.78% 3,428,022 <br />SISD 916 17,955,000 2.88% 517,877 <br />Metropolitan Council 176,315,000 0.56% 979,331 <br />Total Overlapping Debt <br />463,220,000 46,519,875 <br />Direct Debt: <br />City of Lino Lakes 6,686,430 100.00% 6,686,430 <br />Total Overlapping & Direct Debt $ 469,906,430 $ 53,206,305 <br />Debt Ratios: <br />Ratio of Debt per capita (17,454 population) - overlapping $ 2,665 <br />Ratio of Debt per capita (17,454 population) - direct $ 383 <br />Ratio of Debt per capita (17,454 population) - total $ 3,048 <br />Ratio of Debt to estimated market valuation of $872,182,400 6.10% <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 <br />