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<br />City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2007 <br /> <br /> Estimated <br /> Estimated Share of <br /> Debt Percentage Overlapping <br />Governmental Unit Outstanding Applicable(1 ) Debt <br />Debt repaid with property taxes: <br />Anoka County $ 101,865,000 6.15% $ 6,264,698 <br />ISO No. 11, Anoka-Hennepin 187,579,521 7.10% 13,318,146 <br />ISO No. 728, Elk River 290,575,000 4.04% 11,739,230 <br />Metropolitan Council 27,435,000 0.59% 161,867 <br />Subtotal, overlapping debt 31,483,940 <br />City of Ramsey direct debt 31,365,000 100.00% 31,365,000 <br />Total direct and overlapping debt $ 62,848,940 <br /> <br />Sources: Assessed value data used to estimate applicable percentages provided by the County Board <br />of Equalization and Assessment. Debt outstanding data provided by the county. <br /> <br />Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries <br />of the city. This schedule estimates the portion of the outstanding debt of those overlapping <br />government~ that is borne by the residents and businesses of the City of Ramsey. This process <br />recognizes that, when considering the government's ability to issue and repay long-term <br />debt, the entire debt burden borne by the residents and businesses should be taken into account. <br />However, this does not imply that every taxpayer is a resident, and therefore responsible for <br />repaying the debt, of each overlapping government. <br /> <br />(1) The percentage of overlapping debt applicable is estimated using taxable assessed property values. <br />Applicable percentages were estimated by determining the portion of the county's taxable assessed <br />value that is within the city's boundaries and dividing it by the county's total taxable <br />assessed value. <br /> <br />- 96- <br />