|
CITY OF LAKE ELMO, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION
<br />LAST TEN YEARS
<br />
<br />
<br />125
<br />Pay 2024 Market Value 3,186,775,200$
<br />Applicable Percentage 3%
<br />Debt Limit 95,603,256
<br />Debt Applicable to Limit:
<br />Series 2010B Refunding 190,000
<br />Series2017A Equipment Portion 95,000
<br />Series 2018A Equipment Cert. 450,000
<br />Series 2019A Equipment Portion 415,000
<br />Series 2021A 2018A Refunding 655,000
<br />Series 2021A City Hall 9,485,000
<br />Total debt applicable to debt limit 11,290,000
<br />Legal Debt Margin 84,313,256$
<br />Net Debt
<br />Net Debt Legal Amount of Debt Applicable
<br />Fiscal Debt Applicable to Debt Applicable to to Limit
<br />Year Population Limit Limit Margin Debt Limit Per Capita
<br />2015 8,069 36,733,899$ 1,572,289$ 35,161,610$ 4.28%195
<br />2016 8,069 38,035,233 2,102,343 35,932,890 5.53%261
<br />2017 9,625 38,556,774 1,846,657 36,710,117 4.79%192
<br />2018 10,521 43,576,635 2,018,280 41,558,355 4.63%192
<br />2019 11,105 49,448,325 1,839,548 47,608,777 3.72%166
<br />2020 11,335 57,032,019 850,000 56,182,019 1.49%75
<br />2021 12,655 60,288,567 1,485,000 58,803,567 2.46%117
<br />2022 12,655 66,936,927 12,990,000 53,946,927 19.41%1,026
<br />2023 14,033 85,883,406 12,150,000 73,733,406 14.15%866
<br />2024 14,191 95,603,256 11,290,000 84,313,256 11.81%796
<br />Legal Debt Margin Calculation for Fiscal Years 2015 Through 2024
<br />Legal Debt Margin Calculation for Fiscal Year 2024
<br />
<br />
|