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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 1998 <br />(Unaudited) <br />Table 9 <br />Overlapping Debt: <br />Anoka County <br />School District 12 <br />School District 624 <br />School District 831 <br />SISD 916 <br />Metropolitan Council <br />Bonded G.O. <br />Gross Bonded Debt <br />Outstanding (1) <br />$46,006,182 <br />67,652,000 <br />47,850,000 <br />14,260,000 <br />6,335,000 <br />101,105,000 <br />Total Overlapping Debt 283,208,182 <br />Direct Debt: <br />City of Lino Lakes <br />Total Overlapping & Direct Debt <br />Debt Ratios: <br />6,862,734 <br />$290,070,916 <br />Ratio of Debt per capita (15,053 population) - overlapping <br />Ratio of Debt per capita (15,053 population) - direct <br />Ratio of Debt per capita (15,053 population) - total <br />Ratio of Debt to estimated market valuation of $687,417,400 <br />Percentage <br />Applicable <br />in City(2) <br />5.56% <br />42.03% <br />2.61% <br />7,30% <br />2.20% <br />0.60% <br />100.00% <br />(1) Does not include general obligation debt supported by utility revenues, tax or aid <br />State-aid road or revenue debt. <br />(2) Determined by ratio of net tax capacity (after fiscal disparities and tax increment <br />of property subject to taxation in overlapping unit to valuation of property subject <br />130 <br />City Share <br />of Debt <br />$2,557,944 <br />28,434,136 <br />1,248,885 <br />1,040,980 <br />139,370 <br />606,630 <br />34,027,944 <br />6,862,734 <br />$40,890,678 <br />anticipation certificates, <br />adjustment) <br />to taxation in City. <br />$2,261 <br />$456 <br />$2,716 <br />5.95% <br />