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CITY OF HUGO, MINNESOTA
<br />RATIOS OF GENERAL BONDED DEBT OUTSTANDING
<br />LAST TEN FISCAL YEARS
<br />General Bonded Debt Outstanding
<br />Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
<br />See Schedule 15 for personal income and population data
<br />See Schedule 5 for estimated market value information
<br />Total
<br />$ 17,303,122
<br />17,424,791
<br />16,531,103
<br />18,204,993
<br />14,092,479
<br />14,308,797
<br />13,054,902
<br />17,356,279
<br />15,797,003
<br />8,802,587
<br />Note: The City adopted GASB statement No. 65 in 2013. Amounts in this schedule prior to 2012 have not been restated for GASB Statement No.
<br />65.
<br />Source: City of Hugo Finance Department
<br />(1) Includes funds of $5,693,117 (2014) and $5,742,264 (2013) in an escrow account to cover two years of interest payments on the
<br />Series 2013A Bonds and the 2015-2020 maturities of the Series 2004A and Series 2005A Bonds.
<br />102
<br />Special
<br />Tax
<br />Lease
<br />Certificates
<br />Capital
<br />Tax
<br />Utility
<br />Fiscal
<br />Assessment
<br />Increment
<br />Revenue
<br />of
<br />Improvement
<br />Abatement
<br />Revenue
<br />Year
<br />Bonds
<br />Bonds
<br />Bonds
<br />Indebtedness
<br />Bonds
<br />Bonds
<br />Bonds
<br />2006 $
<br />90,000 $
<br />1,835,000 $ 2,260,000 $
<br />455,000 $
<br />2,363,634 $
<br />7,819,488 $
<br />2,480,000
<br />2007
<br />1,237,690
<br />1,560,000
<br />2,090,000
<br />180,000
<br />2,226,745
<br />7,825,356
<br />2,305,000
<br />2008
<br />1,187,339
<br />1,465,000
<br />1,910,000
<br />2,084,974
<br />7,763,790
<br />2,120,000
<br />2009
<br />2,044,406
<br />1,360,000
<br />1,720,000
<br />1,943,326
<br />9,212,261
<br />1,925,000
<br />2010
<br />1,954,226
<br />3,156,190
<br />8,982,063
<br />2011
<br />3,094,222
<br />2,817,550
<br />8,397,025
<br />2012
<br />2,913,745
<br />2,449,004
<br />7,692,153
<br />2013
<br />2,623,253
<br />3,106,102
<br />11,626,924
<br />2014
<br />2,337,744
<br />2,728,486
<br />10,730,773
<br />2015
<br />2,052,219
<br />1,439,671
<br />5,310,697
<br />Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
<br />See Schedule 15 for personal income and population data
<br />See Schedule 5 for estimated market value information
<br />Total
<br />$ 17,303,122
<br />17,424,791
<br />16,531,103
<br />18,204,993
<br />14,092,479
<br />14,308,797
<br />13,054,902
<br />17,356,279
<br />15,797,003
<br />8,802,587
<br />Note: The City adopted GASB statement No. 65 in 2013. Amounts in this schedule prior to 2012 have not been restated for GASB Statement No.
<br />65.
<br />Source: City of Hugo Finance Department
<br />(1) Includes funds of $5,693,117 (2014) and $5,742,264 (2013) in an escrow account to cover two years of interest payments on the
<br />Series 2013A Bonds and the 2015-2020 maturities of the Series 2004A and Series 2005A Bonds.
<br />102
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