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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 2000 <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 $ 78,265,000 5.71% $ 4,468,932 <br />School District 12 64,695,000 45.92% 29,707,944 <br />School District 624 43,880,000 2.73% 1,197,924 <br />School District 831 58,115,000 6.85% 3,980,878 <br />SISD 916 20,060,000 2.75% 551,650 <br />Metropolitan Council 114,310,645 0.58% 663,002 <br />Total Overlapping Debt 379,325,645 40,570,330 <br />Direct Debt: <br />City of Lino Lakes 6,911,450 100.00% 6,911,450 <br />Total Overlapping & Direct Debt $ 386,237,095 $ 47,481,780 <br />Debt Ratios: <br />Ratio of Debt per capita (16,791 population) - overlapping $2,416 <br />Ratio of Debt per capita (16,791 population) - direct 5412 <br />Ratio of Debt per capita (16,791 population) - total $2,828 <br />Ratio of Debt to estimated market valuation of 5775,398,200 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 />