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Fiscal
<br />Ye~
<br />
<br />CITY OF RAMSEY, MINNESOTA
<br />
<br />RATIO OF NET BONDED DEBT TO ASSESSED VALUFTTAX CAPACITY
<br /> AND NET BONDED DEBT PER CAPITA
<br /> Last Ten Fiscal Years
<br />
<br /> Ratio of
<br /> Less Amounts Net Bonded
<br /> Gross Available in Net Debt to
<br /> Assessed Bonded Debt Service Bonded Assessed
<br />Population(l) Value Debt(2) Funds(3) Debt Valu~
<br />
<br />1985 11,110
<br />1986 11,395
<br />1987 11,760
<br />1988 12,181
<br />
<br />Table 9
<br />
<br />Net Bonded
<br />Debt Per
<br />Capita
<br />
<br />$53,301,844 $5,845,000 $2,026,807 $3,818,193 7.16% $343.67
<br />$54,901319 $5,340,000 $2,713,314 $2,626,686 4.78% $230.51
<br />$59,306,145 $7,750,000 $3,175375 $4,574,525 7.71% $388.99
<br />$62,238,704 $6,760,000 $3,111,657 $3,648,343 5.86% $299.51
<br />
<br /> Ratio of
<br /> Less Amounts Net Bonded
<br /> Gross Available in Net Debt to Net Bonded
<br />Fiscal Tax Bonded Debt Service Bonded Tax Debt Per
<br />year Population(l) Capaci_ty (43 Debt(2~ Funds(3) Debt Capaci_ty Capita
<br />1989 12,717 $7,484,976 $6,730,000 $2,485,362 $4,244,638 56.71% $333.78
<br />1990 12,408 $6,222,143 $5,855,000 $1,789,823 $4,065,177 65.33% $327.63
<br />1991 12,940 $6,886,878 $5,105,000 $1,316,945 $3,788,055 55.00% $292.74
<br />1992 13,269 $6,919,514 $6,200,000 $1,026,767 $5,173,233 74.76% $389.87
<br />1993 14,081 $6,701,210 $7,940,000 $3,839,022 $4,100,978 61.20% $291.24
<br />1994 16,792 . $7,570,986 $7,490,000 $3,904,797 $3,585,203 47.35% $213.51
<br />
<br />(1) Metropolitan Council eatimates, except 1990 which is from the United States Census and beginning with 1993 staff
<br /> estimates utilized.
<br />
<br />(2) Amount includes Tax Increment and Special Assessment Bonds because general property taxes will be used to pay the
<br /> debt on these issues shot~ld other revenue sources fail to provide adequate amounts.
<br />
<br />(3) Amounts available for repayment of bonded indebtedness in Debt Service Funds.
<br />
<br />(4) Beginning with taxes paYable in 1989, the State of Minnesota changed from assessed value to tax capacity. In 1990,
<br /> the State defined the tax base from "gross tax capacity" to "net tax capacity."
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