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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 Propertv(f Capita(2)
<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 />2016 27,120,000 1,778,495 25,341,505 1.20% 980
<br />2017 26,075,000 2,380,281 23,694,719 1.06% 903
<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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