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CITY OF LINO LAKES, MINNESOTA
<br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
<br />As of December 31, 2008
<br />Table 10
<br />Estimated
<br />Estimated Share of
<br />Debt Percentage Overlapping
<br />Outstanding Applicable Debt
<br />Overlapping:
<br />Anoka County $ 143,551,354 6.5% $ 9,362,876
<br />ISD 12 99,690,000 48.8% 48,603,522
<br />ISD 624 115,250,000 3.6% 4,186,622
<br />ISD 831 34,010,000 7.9% 2,684,071
<br />SISD 916 9,710,000 3.2% 308,772
<br />Metropolitan Council 199,580,000 0.7% 1,305,357
<br />Anoka County Railroad Authority 39,710,000 6.5% 2,595,569
<br />Total Overlapping 69,046,789
<br />City of Lino Lakes Direct Debt 3,989,000 100% 3,989,000
<br />Total Direct and Overlapping Debt: 73,035,789
<br />Sources: Taxable value data used to estimate applicable percentages provided by the County Property
<br />Appraiser. Debt outstanding data provided by each governmental unit.
<br />Notes: Overlapping governments are those that coincide, at least in part, with the geographic
<br />boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping
<br />governments that is borne by the residents and businesses of the City. This process recognizes that,
<br />when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by
<br />the residents and businesses should be taken into account. However, this does not imply that every
<br />taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
<br />Does not include general obligation debt supported by special assessments, utility revenues,
<br />tax or aid anticipation certificates, State-aid road or revenue debt.
<br />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 />106
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