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City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2014 <br />Estimated <br />EstimatedShare of <br />DebtPercentageOverlapping <br />Governmental UnitOutstandingApplicable(1)Debt <br />Debt repaid with property taxes: <br /> Anoka County$118,390,000 7.13%$8,441,207 <br /> ISD No. 11, Anoka-Hennepin72,239,061 9.66%6,978,293 <br /> ISD No. 728, Elk River153,830,000 3.61%5,553,263 <br /> Metropolitan Council196,680,000 0.65%1,278,420 <br />Subtotal, overlapping debt 22,251,183 <br />City of Ramsey direct debt32,065,000 100.00%32,065,000 <br />Total direct and overlapping debt$54,316,183 <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 />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 /> governments 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 />(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 />Page 140 <br /> <br />