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Comprehensive Annual Financial Report 12/31/2011
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Comprehensive Annual Financial Report 12/31/2011
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Comprehensive Annual Financial Report
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12/31/2011
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CITY OF LINO LAKES, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br />As of December 31, 2011 <br />Overlapping: <br />Anoka County <br />ISD 12 <br />ISD 624 <br />ISD 831 <br />Metropolitan Council <br />Anoka County Railroad Authority <br />Total Overlapping <br />City of Lino Lakes Direct Debt <br />Table 10 <br />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Outstanding Applicable Debt <br />$ 150,438,506 6.6% $ 9,962,720 <br />82,525,000 48.0% 39,609,047 <br />108,130,000 3.5% 3,806,186 <br />32,920,000 7.7% 2,544,506 <br />213,645,000 0.6% 1,330,641 <br />29,285,000 6.6% 1,939,385 <br />59,192,485 <br />$ 21,506,000 100% 21,506,000 <br />Total Direct and Overlapping Debt: $ 80,698,485 <br />Sources: Taxable value data used to estimate applicable percentages provided by the County Property Appraiser. Debt <br />outstanding data provided by each governmental unit. <br />Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This <br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and <br />businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long -term debt, <br />the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply <br />that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. <br />Determined by ratio of net tax capacity (after fiscal disparities and tax increment adjustment) <br />Now <br />of property subject to taxation in overlapping unit to valuation of property subject to taxation in City. <br />104 <br />
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