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City of Ramsey
<br />Ratios of General Bonded Debt Outstanding
<br />Last Ten Fiscal Years
<br />Percentage of
<br />Estimated
<br />General Less: Amounts Actual Taxable
<br />Fiscal Obligation Available in Debt Value of Per
<br />Year Bonds Service Fund (3) Total Property(1) Capita(2)
<br />2005 $
<br />31,380,000 $
<br />2,184,019 $
<br />29,195,981
<br />1.74% $
<br />1,269
<br />2006
<br />30,990,000
<br />1,754,262
<br />29,235,738
<br />1.52%
<br />1,244
<br />2007
<br />29,675,000
<br />2,001,431
<br />27,673,569
<br />1.25%
<br />1,148
<br />2008
<br />28,235,000
<br />2,393,118
<br />25,841,882
<br />1.11%
<br />1,072
<br />2009
<br />26,570,000
<br />2,344,463
<br />24,225,537
<br />1.01%
<br />997
<br />2010
<br />24,695,000
<br />2,524,951
<br />22,170,049
<br />0.99%
<br />937
<br />2011
<br />30,505,000
<br />5,753,130
<br />24,751,870
<br />1.23%
<br />1,044
<br />2012
<br />36,345,000
<br />5,618,631
<br />30,726,369
<br />1.58%
<br />1,289
<br />2013
<br />35,030,000
<br />4,963,143
<br />30,066,857
<br />1.66%
<br />1,237
<br />2014
<br />30,615,000
<br />1,914,472
<br />28,700,528
<br />1.60%
<br />1,151
<br />Note: Details regarding the city's outstanding debt can be found in the notes to the basic financial
<br />statements.
<br />(1) See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property
<br />for property value data.
<br />(2) Population data can be found in the Schedule of Demographic and Economic Statistics.
<br />(3) The City is using governmental fund net position restricted for debt service. We believe this to be the best
<br />amount available to present a consistent net amount when refunding bonds are held for payment, which are not
<br />restricted on entity -wide statements due to conversion for full accrual accounting.
<br />Page 139
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