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CITY OF LINO LAKES, MINNESOTA
<br />RATIO OF NET BONDED DEBT
<br />TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
<br />Last Ten Fiscal Years
<br />— (Unaudited)
<br />Table 8
<br />_ Ratio of
<br />Less Net Bonded
<br />Net Taxable Gross Cash and Debt to Net
<br />Value of Bonded Investments Net Assessed Bonded Deb
<br />Year Population (1) Propery (2) Debt (3) on Hand Bonded Debt Value Per Capita
<br />1990 8,807 $ 4,942,987 $ 1,630,000 $ 58,685 $ 1,571,315 31.79% $ 178.42
<br />1991 9,273 5,324,883 1,591,000 105,537 1,485,463 27.90% 160.19
<br />— 1992 10,056 5,485,908 1,553,500 121,842 1,431,658 26.10% 142.37
<br />1993 11,193 5,577,922 1,526,000 222,111 1,303,889 23.38% 116.49
<br />— 1994 12,266 6,220,521 1,393,500 142,173 1,251,327 20.12% 102.02
<br />1995 13,097 7,188,736 1,341,000 135,440 1,205,560 16.77% 92.05
<br />1996 13,756 8,470,611 1,378,000 194,807 1,183,193 13.97% 86.01
<br />1997 14,560 9,399,906 1,415,000 111,834 1,303,166 13.86% 89.50
<br />—
<br />1998 15,053 10,160,139 6,862,734 721,623 6,141,111 60.44% 407.97
<br />1999 15,760 10,314,573 6,904,570 666,137 6,238,433 60.48% 395.84
<br />(1) Population estimates provided from Metropolitan Council except for 1990 which reflects the federal census.
<br />(2) The State of Minnesota changed the method of calculating property taxes effective for taxes payable in 1988 and
<br />again in 1991. Years 1989 and 1990 reflect tax capacity values. Years 1991 through 1998 reflect tax capacity
<br />value based on a different formula than in previous years.
<br />(3) Amount excludes tax increment, special assessment, enterprise and EDA bonds.
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