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City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2014 <br />Governmental Unit <br />Debt repaid with property taxes: <br />Anoka County <br />ISD No. 11, Anoka -Hennepin <br />ISD No. 728, Elk River <br />Metropolitan Council <br />Subtotal, overlapping debt <br />City of Ramsey direct debt <br />Total direct and overlapping debt <br />Debt <br />Outstanding <br />118,390,000 <br />72,239,061 <br />153,830,000 <br />196,680,000 <br />32,065,000 <br />Estimated <br />Percentage <br />Applicable(1) <br />Estimated <br />Share of <br />Overlapping <br />Debt <br />7.13% $ 8,441,207 <br />9.66% 6,978,293 <br />3.61% 5,553,263 <br />0.65% 1,278,420 <br />22,251,183 <br />100.00% 32,065,000 <br />$ 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 />