2014 CAFR - Laserfiche WebLink

Home Browse Search

CITY OF ST. ANTHONY, MINNESOTA DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT As of December 31, 2014 Governmental Unit Debt repaid with property taxes: (1) School Districts: ISD No. 282 NE Metro Intermediate School District No. 916 Counties: Hennepin Ramsey Other: Metropolitan Council Three Rivers Park District Subtotal - overlapping debt City direct debt (2) Total direct and overlapping debt Sources: (l) Official Statements for City of St. Anthony (2) St. Anthony Finance Department Debt Outstanding $21,160,000 735,600,000 177,575,000 196,680,000 55,755,000 Estimated Percentage Applicable* 53.6503% 0.3769% 0.2789% Table 10 Estimated Share of Overlapping Debt $11,352,414 2,772,327 495,222 0.2442% 480,258 0.5188% 289,282 15,389,503 32,375,000 $47,764,503 Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. *For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the City's boundaries and dividing it by each unit's total taxable assessed value. 143