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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 1999 <br />(Unaudited) <br />Table 9 <br />Overlapping Debt: <br />Bonded G.O. Percentage <br />Gross Bonded Debt Applicable City Share <br />Outstanding (1) in C:ity(2) of Debt <br />Anoka County $ 84,210,000 5.56% $ 4,682,076 <br />School District 12 66,274,000 44.82% 29,704,007 <br />School District 624 45,915,000 2.61% 1,198,382 <br />School District 831 53,665,000 7.30% 3,917,545 <br />SISD 916 21,960,000 2.20% 483,120 <br />Metropolitan Council 89,630,000 0.60% 537,780 <br />Total Overlapping Debt <br />361,654,000 40,522,909 <br />Direct Debt: <br />City of Lino Lakes 6,904,570 100.00% 6,904,570 <br />Total Overlapping & Direct Debt $ 368,558,570 $ 47,427,479 <br />Debt Ratios: <br />Ratio of Debt per capita (15,760 population) - overlapping $2,571 <br />Ratio of Debt per capita (15,760 population) - direct $438 <br />Ratio of Debt per capita (15,760 population) - total $3,009 <br />Ratio of Debt to estimated market valuation of $687,737,400 6. 90% <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 />