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City of Ramsey <br />Pledged- Revenue Coverage <br />Last Ten Fiscal Years <br />* First year special assessment bonds were issued. <br />Note: Details regarding the City's outstanding debt can be <br />found in the notes to the basic financial statements. <br />Special Assessment Bonds <br />Special <br />Fiscal Assessment Debt Service <br />Year Collections Principal (1) Interest Coverage <br />1 997 $ 832,875 <br />1998 555,076 <br />1999 452,623 <br />2000 425,214 <br />2001 341,618 <br />2002 298,774 <br />2003 240,098 <br />2004 235,954 <br />2005 3,771,480 <br />2006 * 1,057,724 $ 272,226 3.89 <br />(1) No principal payments were scheduled in the period in which the debt was issued. <br />