|
CITY OF ST. ANTHONY, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION Table 11
<br />Last Seven Fiscal Years
<br />i
<br />Legal Debt Margin Calculation for Fiscal Year 2011
<br />Market value
<br />$739,475,900
<br />Debt limit (3% of market value)
<br />22,184,277
<br />Debt applicable to limit:
<br />General obligation bonds
<br />5,820,000
<br />Less: Amount set aside for repayment
<br />of general obligation debt
<br />(1,111,699)
<br />Total net debt applicable to limit
<br />4,708,301
<br />Legal debt margin
<br />$17,475,976
<br />2005* 2006* 2007* 2008 2009 2010 2011
<br />Debt limit $13,406,318 $14,610,820 $17,870,856 $26,094,699 $24,778,098 $23,262,423 $22,184,277
<br />Total net debt applicable to limit 4,776,007 4,429,013 4,099,637 5,741,849 5,410,204 5,059,006 4,708,301
<br />Legal debt margin $8,630,311 $10,181,807 $13,771,219 $20,352,850 $19,367,894 $18,203,417 $17,475,976
<br />Total net debt applicable to the limit as a
<br />percentage of debt limit 35.63% 30.31% 30.31% 22.00% 21.83% 21.75% 21.22%
<br />Source: Market Value - Hennepin County and Ramsey County, Minnesota Assessor's Offices
<br />Information is not available for years prior to 2005.
<br />*Debt limit was 2% of market value.
<br />L 141
<br />
|