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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 /> 2006 $ 30,990,000 $ 1,754,262 $ 29,235,738 1.52% $ 1,244
<br /> 2007 29,675,000 2,001,431 27,673,569 1.25% 1,148
<br /> 2008 28,235,000 2,393,118 25,841,882 1.11% 1,072
<br /> 2009 26,570,000 2,344,463 24,225,537 1.01% 997
<br /> 2010 24,695,000 2,524,951 22,170,049 0.99% 937
<br /> 2011 30,505,000 5,753,130 24,751,870 1.23% 1,044
<br /> 2012 36,345,000 5,618,631 30,726,369 1.58% 1,289
<br /> 2013 35,030,000 4,963,143 30,066,857 1.66% 1,237
<br /> 2014 30,615,000 1,914,472 28,700,528 1.60% 1,151
<br /> 2015 27,060,000 1,721,796 25,338,204 1.25% 990
<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.
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