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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT <br />INCLUDING DEBT RATIOS <br />December 31, 1997 <br />(Unaudited) <br />Table 9 <br />Bonded Percentage <br />Gross Debt Applicable City Share <br />Overlapping Debt: Outstanding in City(1) of Debt <br />Anoka County $95,647,837 5.56% $5,317,452 <br />School District 12 68,652,000 42.03% 28,854,378 <br />School District 624 49,485,000 2.61% 1,291,750 <br />School District 831 14,955,000 6.70% 1,002,503 <br />SISD 916 31,720,000 0.77% 242,680 <br />Metropolitan Council 654,256,659 1.55% 10,160,139 <br />Total Overlapping Debt 914,716,496 46,868,902 <br />Direct Debt: <br />City of Lino Lakes 1,415,000 100.00% 1,415,000 <br />Total Overlapping & Direct Debt $916,131,496 $48,283,902 <br />Debt Ratios: <br />Ratio of Debt per capita (13,756 population) - overlapping $3,407 <br />Ratio of Debt per capita (13,756 population) - direct $103 <br />Ratio of Debt per capita (13,756 population) - total $3,510 <br />Ratio of Debt to estimated market valuation of $627,423,800 7.70% <br />(1) 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 />132 <br />